Shinhan Bank America Mortgage Rates, Fees & Info
New York, NYLEI: 549300EZ060LDD77JC03
Tax ID: 13-3581762
Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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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, Atlanta, and San Francisco among others. We have data for 11 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
163Origination Dollar Volume (All Markets)
$85,605,000Top 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) | 144 | $75,810,000 | $526,458 | $0 | 0.00% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 4 | $2,920,000 | $730,000 | $0 | 0.00% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 3 | $1,895,000 | $631,667 | $0 | 0.00% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 5 | $1,455,000 | $291,000 | $0 | 0.00% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 1 | $1,235,000 | $1,235,000 | $0 | 0.00% |
| TRENTON-PRINCETON, NJ (FHA|USDA|VA) | 1 | $525,000 | $525,000 | $0 | 0.00% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 1 | $475,000 | $475,000 | $0 | 0.00% |
| GAINESVILLE, GA (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $0 | 0.00% |
| POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $0 | 0.00% |
| SAVANNAH, GA (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $0 | 0.00% |
| ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 163 | $85,605,000 | $525,184 | $0 | 0.00% |
For 2024, Shinhan Bank America's most frequently originated type of loan was Conventional, with 163 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 158 | $83,070,000 | $525,759 | $0 | 0.00% |
| Cash Out Refi | 4 | $2,180,000 | $545,000 | $0 | 0.00% |
| Refi | 1 | $355,000 | $355,000 | $0 | 0.00% |
For 2024, Shinhan Bank America's most frequently cited loan purpose was Home Purchase, with 158 originations. The 2nd most popular reason was Cash Out Refi, with 4 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 163 | $85,605,000 | $525,184 | $0 | 0.00% |
For 2024, Shinhan Bank America's most frequently cited loan duration was Other, with 163 originations.
Loan Sizing
2024 saw Shinhan Bank America place emphasis on $400k-600k loans with 71 originations, totaling $35,355,000 in origination value.
Applicant Income
Shinhan Bank America lent most frequently to those with incomes in the $150k-250k range, with 63 originations. The second most popular income band? $100k-150k, with 54 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 163 | $85,605,000 | $525,184 | $0 | 0.00% |
Shinhan Bank America lent most frequently to those with DTI ratios of Exempt%, with 163 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications93.81%
Shinhan Bank America has an average approval rate.
Pick Rate
Approvals leading to origination90.18%
Shinhan Bank America has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 163 | $85,605,000 | $525,184 |