Shinhan Bank America Mortgage Rates, Fees & Info

New York, NY

LEI: 549300EZ060LDD77JC03

Tax ID: 13-3581762

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Mortgage Data

Review & Overview

Shinhan Bank America is a smaller bank specializing in Home Purchase loans. Shinhan Bank America has a high proportion of conventional loans. Their top markets by origination volume include: New York, Los Angeles, San Diego, Riverside, and Atlanta among others. We have data for 7 markets. (Some data included below & more in-depth data is available with an active subscription.)

Shinhan Bank America has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders.

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Originations

91

Origination Dollar Volume (All Markets)

$58,565,000

Top Markets

Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.

Market Originations Total Value Average Loan Average Fees Average Rate
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 82 $53,300,000 $650,000 $0 0.00%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 4 $1,960,000 $490,000 $0 0.00%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 1 $1,625,000 $1,625,000 $0 0.00%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 1 $505,000 $505,000 $0 0.00%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 1 $475,000 $475,000 $0 0.00%
ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) 1 $425,000 $425,000 $0 0.00%
TRENTON-PRINCETON, NJ (FHA|USDA|VA) 1 $275,000 $275,000 $0 0.00%
Shinhan Bank America's top markets include New York, Los Angeles, San Diego, Riverside, and Atlanta among others.

Their top states include:
  • New York (FHA|USDA|VA)
  • New Jersey (FHA|USDA|VA)
  • California (FHA|USDA|VA)
  • Georgia (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 91 $58,565,000 $643,571 $0 0.00%

    For 2023, Shinhan Bank America's most frequently originated type of loan was Conventional, with 91 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 81 $46,055,000 $568,580 $0 0.00%
    Other 4 $1,970,000 $492,500 $0 0.00%
    Cash Out Refi 4 $8,450,000 $2,112,500 $0 0.00%
    Refi 2 $2,090,000 $1,045,000 $0 0.00%

    For 2023, Shinhan Bank America's most frequently cited loan purpose was Home Purchase, with 81 originations. The 2nd most popular reason was Other, with 4 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 91 $58,565,000 $643,571 $0 0.00%

    For 2023, Shinhan Bank America's most frequently cited loan duration was Other, with 91 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $600k-1MM 30 $21,390,000 $713,000 $0 0.00%
    $200k-400k 26 $8,170,000 $314,231 $0 0.00%
    $400k-600k 26 $13,040,000 $501,538 $0 0.00%
    $1MM+ 8 $15,830,000 $1,978,750 $0 0.00%
    $100k-200k 1 $135,000 $135,000 $0 0.00%

    2023 saw Shinhan Bank America place emphasis on $600k-1MM loans with 30 originations, totaling $21,390,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 42 $24,470,000 $582,619 $0 0.00%
    $100k-150k 23 $8,685,000 $377,609 $0 0.00%
    $250k+ 18 $15,460,000 $858,889 $0 0.00%
    $75k-100k 2 $410,000 $205,000 $0 0.00%

    Shinhan Bank America lent most frequently to those with incomes in the $150k-250k range, with 42 originations. The second most popular income band? $100k-150k, with 23 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 91 $58,565,000 $643,571 $0 0.00%

    Shinhan Bank America lent most frequently to those with DTI ratios of Exempt%, with 91 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Asian 86 $48,600,000 $565,116 $0 0.00%
    Not applicable 3 $8,575,000 $2,858,333 $0 0.00%
    White 2 $1,390,000 $695,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    90.18%

    Shinhan Bank America has an average approval rate.

    Pick Rate

    Approvals leading to origination
    90.11%

    Shinhan Bank America has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 91 $58,565,000 $643,571

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    91 $58,565,000 $643,571