Bank Of England

ENGLAND, AR 72046

LEI: 549300GY4NTTEM7WWB64

Tax ID: 71-0009800

2019 Data | 2018 Data


Overview

Bank Of England is a small mortgage company specializing in Home Purchase loans. Bank Of England has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets include Jacksonville, Denver, Milwaukee, Portland, and Little Rock among others. They have an above average approval rate for mortages when compared nationally -- and they have a below average pick rate when compared to the same sample of other lendors. Bank Of England is typically a normal fee medium-low fee lendor.


Originations

15,637

Origination Dollar Volume (All Markets)

$3,639,705,000

Product Mix

Loan Type Originations Total Value Average Loan
Conventional 9,763 $2,330,225,000 $238,679
FHA 3,382 $677,630,000 $200,364
VA 1,884 $540,350,000 $286,810
USDA 608 $91,500,000 $150,493

Conventional loans are assumed to be 20% downpayment and either fixed/adjustable rate. FHA loans start at 3.5% downpayment and are targeted towards first time homebuyers who will be owner-occupants. USDA loans target agrarian uses such as farms. VA loans are available to members of the military. FHA, USDA and VA loans are typically subsidized by the government so as to have more favorable terms for the borrower.

Loan Reason

Loan Reason Originations Total Value Average Loan
Home Purchase 11,445 $2,494,655,000 $217,969
Home Improvement 6 $120,000 $20,000
Other 2 $60,000 $30,000
Refi 2,397 $688,525,000 $287,244
Cash Out Refi 1,787 $456,345,000 $255,369

Home purchase and refinance loans are typically offered by even the most prudent banks. Cash out refi loans typically carry higher fees-- they allow homeowners to get loans against the equity (appreciated value) of their home, but can be used irresponsibly. Lendors with a high ratio of cash out refi loans may be exposed in the event of an economic downturn, and may be more aggressive with their fee schedules.

Top Markets

Market Originations Total Value Average Loan
Outside of Metro Areas 1,747 $336,815,000 $192,796
JACKSONVILLE, FL 1,547 $326,045,000 $210,760
DENVER-AURORA-LAKEWOOD, CO 500 $161,190,000 $322,380
MILWAUKEE-WAUKESHA, WI 632 $132,830,000 $210,174
PORTLAND-VANCOUVER-HILLSBORO, OR-WA 335 $118,605,000 $354,045
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR 663 $116,595,000 $175,860
NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN 393 $113,105,000 $287,799
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA 379 $96,785,000 $255,369
LAS VEGAS-HENDERSON-PARADISE, NV 318 $87,730,000 $275,881
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI 370 $80,990,000 $218,892
NORTH PORT-SARASOTA-BRADENTON, FL 322 $77,710,000 $241,335
WARREN-TROY-FARMINGTON HILLS, MI 338 $76,900,000 $227,515
GARY, IN 400 $76,600,000 $191,500
DALLAS-PLANO-IRVING, TX 273 $74,895,000 $274,341
LEXINGTON-FAYETTE, KY 369 $72,255,000 $195,813
ORLANDO-KISSIMMEE-SANFORD, FL 291 $68,715,000 $236,134
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL 236 $61,990,000 $262,669
INDIANAPOLIS-CARMEL-ANDERSON, IN 299 $54,955,000 $183,796
COLUMBUS, OH 204 $43,830,000 $214,853
MEMPHIS, TN-MS-AR 194 $42,870,000 $220,979
CAMBRIDGE-NEWTON-FRAMINGHAM, MA 106 $41,930,000 $395,566
BOISE CITY, ID 156 $39,690,000 $254,423
BOSTON, MA 89 $35,175,000 $395,225
CINCINNATI, OH-KY-IN 168 $34,080,000 $202,857
PHOENIX-MESA-CHANDLER, AZ 106 $29,140,000 $274,906
SACRAMENTO-ROSEVILLE-FOLSOM, CA 78 $26,790,000 $343,462
HOUSTON-THE WOODLANDS-SUGAR LAND, TX 89 $26,045,000 $292,640
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL 138 $24,480,000 $177,391
BIRMINGHAM-HOOVER, AL 109 $23,135,000 $212,248
JACKSON, MS 115 $22,865,000 $198,826
DAPHNE-FAIRHOPE-FOLEY, AL 91 $22,645,000 $248,846
CHATTANOOGA, TN-GA 117 $22,385,000 $191,325
BATON ROUGE, LA 100 $22,360,000 $223,600
LOS ANGELES-LONG BEACH-GLENDALE, CA 46 $21,950,000 $477,174
PANAMA CITY, FL 98 $20,400,000 $208,163
PENSACOLA-FERRY PASS-BRENT, FL 85 $20,235,000 $238,059
CLEVELAND-ELYRIA, OH 119 $19,755,000 $166,008
TAMPA-ST. PETERSBURG-CLEARWATER, FL 80 $18,200,000 $227,500
HUNTSVILLE, AL 67 $17,325,000 $258,582
FORT WORTH-ARLINGTON-GRAPEVINE, TX 72 $17,180,000 $238,611
SAN DIEGO-CHULA VISTA-CARLSBAD, CA 40 $17,080,000 $427,000
NEW HAVEN-MILFORD, CT 71 $16,875,000 $237,676
SEATTLE-BELLEVUE-KENT, WA 36 $16,790,000 $466,389
CHICAGO-NAPERVILLE-EVANSTON, IL 70 $16,120,000 $230,286
NEW YORK-JERSEY CITY-WHITE PLAINS, NY-NJ 41 $16,095,000 $392,561
LAFAYETTE, LA 74 $15,240,000 $205,946
OAKLAND-BERKELEY-LIVERMORE, CA 30 $14,990,000 $499,667
MONTGOMERY COUNTY-BUCKS COUNTY-CHESTER COUNTY, PA 52 $14,920,000 $286,923
AUSTIN-ROUND ROCK-GEORGETOWN, TX 42 $14,430,000 $343,571
KANSAS CITY, MO-KS 50 $13,190,000 $263,800
CHARLOTTE-CONCORD-GASTONIA, NC-SC 67 $13,125,000 $195,896
GREELEY, CO 47 $12,975,000 $276,064
SAN ANTONIO-NEW BRAUNFELS, TX 51 $12,635,000 $247,745
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV 32 $12,570,000 $392,813
BOULDER, CO 37 $12,415,000 $335,541
HARTFORD-EAST HARTFORD-MIDDLETOWN, CT 53 $12,075,000 $227,830
BOWLING GREEN, KY 68 $11,930,000 $175,441
DAYTON-KETTERING, OH 77 $11,805,000 $153,312
RALEIGH-CARY, NC 42 $11,790,000 $280,714
SALT LAKE CITY, UT 38 $11,280,000 $296,842
NEW BRUNSWICK-LAKEWOOD, NJ 35 $11,105,000 $317,286
PALM BAY-MELBOURNE-TITUSVILLE, FL 52 $10,990,000 $211,346
EVANSVILLE, IN-KY 77 $10,915,000 $141,753
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA 35 $10,715,000 $306,143
LOUISVILLE/JEFFERSON COUNTY, KY-IN 46 $10,610,000 $230,652
NASSAU COUNTY-SUFFOLK COUNTY, NY 25 $10,515,000 $420,600
DETROIT-DEARBORN-LIVONIA, MI 56 $10,470,000 $186,964
ANAHEIM-SANTA ANA-IRVINE, CA 20 $10,410,000 $520,500
NEW ORLEANS-METAIRIE, LA 47 $10,285,000 $218,830
PROVIDENCE-WARWICK, RI-MA 38 $9,810,000 $258,158
GREENVILLE-ANDERSON, SC 42 $9,780,000 $232,857
MICHIGAN CITY-LA PORTE, IN 70 $9,160,000 $130,857
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC 42 $9,010,000 $214,524
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL 31 $8,995,000 $290,161
ASHEVILLE, NC 40 $8,860,000 $221,500
EL PASO, TX 39 $8,745,000 $224,231
PITTSBURGH, PA 48 $8,510,000 $177,292
BEND, OR 26 $8,220,000 $316,154
PHILADELPHIA, PA 42 $7,990,000 $190,238
MIAMI-MIAMI BEACH-KENDALL, FL 21 $7,605,000 $362,143
TACOMA-LAKEWOOD, WA 21 $7,365,000 $350,714
FORT LAUDERDALE-POMPANO BEACH-SUNRISE, FL 28 $7,220,000 $257,857
CAMDEN, NJ 34 $6,640,000 $195,294
STOCKTON, CA 21 $6,505,000 $309,762
CAPE CORAL-FORT MYERS, FL 29 $6,285,000 $216,724
LAKELAND-WINTER HAVEN, FL 35 $6,215,000 $177,571
OGDEN-CLEARFIELD, UT 23 $6,175,000 $268,478
CLARKSVILLE, TN-KY 28 $6,170,000 $220,357
KNOXVILLE, TN 31 $5,985,000 $193,065
COLORADO SPRINGS, CO 26 $5,900,000 $226,923
WORCESTER, MA-CT 23 $5,835,000 $253,696
SALEM, OR 20 $5,820,000 $291,000
BISMARCK, ND 22 $5,450,000 $247,727
NEWARK, NJ-PA 20 $5,400,000 $270,000
RACINE, WI 27 $5,305,000 $196,481
PORT ST. LUCIE, FL 19 $5,305,000 $279,211
BARNSTABLE TOWN, MA 17 $5,215,000 $306,765
BALTIMORE-COLUMBIA-TOWSON, MD 18 $4,940,000 $274,444
PUNTA GORDA, FL 25 $4,915,000 $196,600
LAREDO, TX 27 $4,885,000 $180,926
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA 8 $4,770,000 $596,250
BRIDGEPORT-STAMFORD-NORWALK, CT 16 $4,730,000 $295,625
GREENSBORO-HIGH POINT, NC 26 $4,650,000 $178,846
MOBILE, AL 27 $4,635,000 $171,667
ROCKINGHAM COUNTY-STRAFFORD COUNTY, NH 15 $4,605,000 $307,000
RENO, NV 14 $4,540,000 $324,286
JACKSON, TN 31 $4,505,000 $145,323
FREDERICK-GAITHERSBURG-ROCKVILLE, MD 11 $4,485,000 $407,727
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC 15 $4,445,000 $296,333
AUGUSTA-RICHMOND COUNTY, GA-SC 22 $4,440,000 $201,818
FORT SMITH, AR-OK 21 $4,345,000 $206,905
FORT COLLINS, CO 13 $4,175,000 $321,154
COLUMBIA, SC 21 $4,075,000 $194,048
FAYETTEVILLE-SPRINGDALE-ROGERS, AR 21 $4,075,000 $194,048
ST. LOUIS, MO-IL 24 $3,970,000 $165,417
URBAN HONOLULU, HI 7 $3,965,000 $566,429
CHARLESTON-NORTH CHARLESTON, SC 13 $3,885,000 $298,846
OCALA, FL 26 $3,850,000 $148,077
DURHAM-CHAPEL HILL, NC 15 $3,775,000 $251,667
SOUTH BEND-MISHAWAKA, IN-MI 23 $3,575,000 $155,435
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ 15 $3,525,000 $235,000
NORWICH-NEW LONDON, CT 13 $3,465,000 $266,538
MANCHESTER-NASHUA, NH 11 $3,425,000 $311,364
AKRON, OH 22 $3,390,000 $154,091
PUEBLO, CO 15 $3,255,000 $217,000
SPOKANE-SPOKANE VALLEY, WA 13 $3,245,000 $249,615
LAKE COUNTY-KENOSHA COUNTY, IL-WI 14 $3,230,000 $230,714
NAPLES-MARCO ISLAND, FL 8 $3,190,000 $398,750
ELGIN, IL 13 $3,055,000 $235,000
SPARTANBURG, SC 13 $3,015,000 $231,923
PROVO-OREM, UT 10 $3,010,000 $301,000
OKLAHOMA CITY, OK 12 $2,920,000 $243,333
GULFPORT-BILOXI, MS 17 $2,875,000 $169,118
VALLEJO, CA 7 $2,795,000 $399,286
FAYETTEVILLE, NC 13 $2,755,000 $211,923
TEXARKANA, TX-AR 15 $2,725,000 $181,667
MADISON, WI 10 $2,610,000 $261,000
HOT SPRINGS, AR 17 $2,525,000 $148,529
SAN JOSE-SUNNYVALE-SANTA CLARA, CA 5 $2,455,000 $491,000
POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY 10 $2,440,000 $244,000
CLEVELAND, TN 14 $2,430,000 $173,571
SAVANNAH, GA 8 $2,400,000 $300,000
MEDFORD, OR 9 $2,395,000 $266,111
SANTA CRUZ-WATSONVILLE, CA 4 $2,320,000 $580,000
PORTLAND-SOUTH PORTLAND, ME 10 $2,220,000 $222,000
WINSTON-SALEM, NC 14 $2,190,000 $156,429
READING, PA 11 $2,155,000 $195,909
JONESBORO, AR 12 $2,150,000 $179,167
ANCHORAGE, AK 7 $2,145,000 $306,429
BUFFALO-CHEEKTOWAGA, NY 10 $2,070,000 $207,000
BILLINGS, MT 7 $2,035,000 $290,714
HATTIESBURG, MS 12 $2,010,000 $167,500
EUGENE-SPRINGFIELD, OR 6 $2,000,000 $333,333
SALISBURY, MD-DE 10 $1,990,000 $199,000
LAKE HAVASU CITY-KINGMAN, AZ 8 $1,950,000 $243,750
HILTON HEAD ISLAND-BLUFFTON, SC 6 $1,920,000 $320,000
GRAND JUNCTION, CO 8 $1,890,000 $236,250
OWENSBORO, KY 15 $1,885,000 $125,667
ALBUQUERQUE, NM 9 $1,875,000 $208,333
YORK-HANOVER, PA 9 $1,825,000 $202,778
OLYMPIA-LACEY-TUMWATER, WA 5 $1,825,000 $365,000
DULUTH, MN-WI 9 $1,825,000 $202,778
PRESCOTT VALLEY-PRESCOTT, AZ 6 $1,820,000 $303,333
ABILENE, TX 6 $1,810,000 $301,667
WILMINGTON, DE-MD-NJ 8 $1,760,000 $220,000
LANCASTER, PA 8 $1,670,000 $208,750
IDAHO FALLS, ID 6 $1,670,000 $278,333
ALBANY-SCHENECTADY-TROY, NY 9 $1,655,000 $183,889
TRENTON-PRINCETON, NJ 8 $1,620,000 $202,500
TUCSON, AZ 7 $1,615,000 $230,714
GRANTS PASS, OR 5 $1,605,000 $321,000
CORPUS CHRISTI, TX 5 $1,575,000 $315,000
FARGO, ND-MN 6 $1,540,000 $256,667
SALINAS, CA 3 $1,535,000 $511,667
BREMERTON-SILVERDALE-PORT ORCHARD, WA 5 $1,525,000 $305,000
MODESTO, CA 5 $1,525,000 $305,000
SANTA MARIA-SANTA BARBARA, CA 3 $1,495,000 $498,333
BAKERSFIELD, CA 5 $1,445,000 $289,000
ANN ARBOR, MI 5 $1,385,000 $277,000
FRESNO, CA 4 $1,350,000 $337,500
DOVER, DE 6 $1,350,000 $225,000
OMAHA-COUNCIL BLUFFS, NE-IA 6 $1,340,000 $223,333
SPRINGFIELD, MA 8 $1,340,000 $167,500
HARRISBURG-CARLISLE, PA 8 $1,320,000 $165,000
COLUMBUS, GA-AL 7 $1,315,000 $187,857
GAINESVILLE, FL 6 $1,310,000 $218,333
RICHMOND, VA 4 $1,300,000 $325,000
MIDLAND, TX 5 $1,285,000 $257,000
SAN LUIS OBISPO-PASO ROBLES, CA 3 $1,275,000 $425,000
TALLAHASSEE, FL 5 $1,245,000 $249,000
DOTHAN, AL 6 $1,240,000 $206,667
AUBURN-OPELIKA, AL 5 $1,225,000 $245,000
HOUMA-THIBODAUX, LA 7 $1,215,000 $173,571
BEAUMONT-PORT ARTHUR, TX 5 $1,205,000 $241,000
ST. CLOUD, MN 8 $1,200,000 $150,000
OXNARD-THOUSAND OAKS-VENTURA, CA 3 $1,195,000 $398,333
HAGERSTOWN-MARTINSBURG, MD-WV 5 $1,195,000 $239,000
ODESSA, TX 6 $1,190,000 $198,333
COEUR D'ALENE, ID 3 $1,185,000 $395,000
TOLEDO, OH 7 $1,185,000 $169,286
JOHNSTOWN, PA 10 $1,170,000 $117,000
BURLINGTON, NC 5 $1,155,000 $231,000
ALBANY-LEBANON, OR 5 $1,125,000 $225,000
LEBANON, PA 6 $1,110,000 $185,000
SEBASTIAN-VERO BEACH, FL 4 $1,100,000 $275,000
ATHENS-CLARKE COUNTY, GA 3 $1,095,000 $365,000
TUSCALOOSA, AL 6 $1,070,000 $178,333
GAINESVILLE, GA 4 $1,060,000 $265,000
PINE BLUFF, AR 7 $1,045,000 $149,286
ELIZABETHTOWN-FORT KNOX, KY 4 $1,020,000 $255,000
FAIRBANKS, AK 3 $995,000 $331,667
SPRINGFIELD, OH 7 $985,000 $140,714
LYNCHBURG, VA 5 $955,000 $191,000
MORRISTOWN, TN 6 $940,000 $156,667
SANTA ROSA-PETALUMA, CA 2 $910,000 $455,000
HUNTINGTON-ASHLAND, WV-KY-OH 5 $905,000 $181,000
CARSON CITY, NV 2 $900,000 $450,000
DALTON, GA 4 $890,000 $222,500
JACKSONVILLE, NC 5 $875,000 $175,000
HOMOSASSA SPRINGS, FL 5 $845,000 $169,000
ELKHART-GOSHEN, IN 7 $835,000 $119,286
MONTGOMERY, AL 5 $835,000 $167,000
GADSDEN, AL 4 $830,000 $207,500
GRAND RAPIDS-KENTWOOD, MI 4 $830,000 $207,500
FLORENCE-MUSCLE SHOALS, AL 3 $825,000 $275,000
SHREVEPORT-BOSSIER CITY, LA 4 $820,000 $205,000
KILLEEN-TEMPLE, TX 4 $820,000 $205,000
FORT WAYNE, IN 5 $815,000 $163,000
FLINT, MI 6 $790,000 $131,667
SIOUX CITY, IA-NE-SD 5 $765,000 $153,000
LAFAYETTE-WEST LAFAYETTE, IN 6 $750,000 $125,000
ROCHESTER, NY 6 $750,000 $125,000
SPRINGFIELD, MO 3 $745,000 $248,333
MISSOULA, MT 2 $710,000 $355,000
SHERMAN-DENISON, TX 5 $705,000 $141,000
VALDOSTA, GA 4 $700,000 $175,000
EL CENTRO, CA 3 $685,000 $228,333
LINCOLN, NE 4 $680,000 $170,000
SEBRING-AVON PARK, FL 4 $680,000 $170,000
CALIFORNIA-LEXINGTON PARK, MD 2 $680,000 $340,000
KAHULUI-WAILUKU-LAHAINA, HI 1 $675,000 $675,000
TULSA, OK 3 $675,000 $225,000
ROME, GA 3 $675,000 $225,000
THE VILLAGES, FL 5 $665,000 $133,000
SUMTER, SC 4 $660,000 $165,000
HICKORY-LENOIR-MORGANTON, NC 2 $640,000 $320,000
CARBONDALE-MARION, IL 5 $635,000 $127,000
LEWISTON-AUBURN, ME 3 $635,000 $211,667
WILMINGTON, NC 2 $630,000 $315,000
DAVENPORT-MOLINE-ROCK ISLAND, IA-IL 2 $630,000 $315,000
YUBA CITY, CA 3 $625,000 $208,333
ST. GEORGE, UT 2 $620,000 $310,000
ROANOKE, VA 3 $605,000 $201,667
LUBBOCK, TX 4 $590,000 $147,500
PEORIA, IL 4 $590,000 $147,500
SHEBOYGAN, WI 3 $575,000 $191,667
OCEAN CITY, NJ 2 $570,000 $285,000
SYRACUSE, NY 4 $570,000 $142,500
KALAMAZOO-PORTAGE, MI 2 $570,000 $285,000
MIDLAND, MI 2 $570,000 $285,000
BURLINGTON-SOUTH BURLINGTON, VT 3 $565,000 $188,333
HINESVILLE, GA 3 $565,000 $188,333
ALBANY, GA 2 $560,000 $280,000
DES MOINES-WEST DES MOINES, IA 4 $560,000 $140,000
COLUMBUS, IN 2 $560,000 $280,000
BLOOMINGTON, IN 2 $560,000 $280,000
MONROE, MI 2 $530,000 $265,000
KENNEWICK-RICHLAND, WA 2 $530,000 $265,000
BELLINGHAM, WA 2 $520,000 $260,000
CHICO, CA 2 $500,000 $250,000
RAPID CITY, SD 2 $500,000 $250,000
SCRANTON--WILKES-BARRE, PA 4 $500,000 $125,000
BANGOR, ME 3 $495,000 $165,000
KINGSTON, NY 2 $480,000 $240,000
HANFORD-CORCORAN, CA 2 $460,000 $230,000
SAGINAW, MI 2 $450,000 $225,000
TYLER, TX 1 $445,000 $445,000
WINCHESTER, VA-WV 2 $440,000 $220,000
MUSKEGON, MI 2 $440,000 $220,000
APPLETON, WI 1 $425,000 $425,000
FLORENCE, SC 1 $425,000 $425,000
WICHITA, KS 2 $420,000 $210,000
JOPLIN, MO 2 $420,000 $210,000
CHEYENNE, WY 2 $420,000 $210,000
WALLA WALLA, WA 2 $420,000 $210,000
STATE COLLEGE, PA 2 $420,000 $210,000
IOWA CITY, IA 2 $410,000 $205,000
TOPEKA, KS 2 $400,000 $200,000
NILES, MI 2 $390,000 $195,000
TERRE HAUTE, IN 2 $390,000 $195,000
CHAMPAIGN-URBANA, IL 2 $390,000 $195,000
BLOOMSBURG-BERWICK, PA 2 $370,000 $185,000
JACKSON, MI 2 $370,000 $185,000
YAKIMA, WA 2 $370,000 $185,000
LANSING-EAST LANSING, MI 3 $365,000 $121,667
DECATUR, AL 3 $365,000 $121,667
HAMMOND, LA 2 $360,000 $180,000
GLENS FALLS, NY 2 $360,000 $180,000
MANHATTAN, KS 1 $345,000 $345,000
GRAND FORKS, ND-MN 1 $345,000 $345,000
UTICA-ROME, NY 3 $345,000 $115,000
WILLIAMSPORT, PA 2 $340,000 $170,000
CANTON-MASSILLON, OH 2 $340,000 $170,000
GREENVILLE, NC 3 $335,000 $111,667
MOUNT VERNON-ANACORTES, WA 1 $335,000 $335,000
LAWTON, OK 1 $325,000 $325,000
YOUNGSTOWN-WARREN-BOARDMAN, OH-PA 3 $325,000 $108,333
GOLDSBORO, NC 1 $325,000 $325,000
JOHNSON CITY, TN 1 $325,000 $325,000
GREEN BAY, WI 2 $320,000 $160,000
LAS CRUCES, NM 1 $315,000 $315,000
LAKE CHARLES, LA 2 $310,000 $155,000
LONGVIEW, WA 1 $305,000 $305,000
MCALLEN-EDINBURG-MISSION, TX 2 $300,000 $150,000
CEDAR RAPIDS, IA 2 $300,000 $150,000
OSHKOSH-NEENAH, WI 1 $295,000 $295,000
SIOUX FALLS, SD 1 $295,000 $295,000
ROCKFORD, IL 2 $290,000 $145,000
EAST STROUDSBURG, PA 2 $290,000 $145,000
MANKATO, MN 1 $285,000 $285,000
LIMA, OH 1 $275,000 $275,000
SAN ANGELO, TX 1 $275,000 $275,000
ATLANTIC CITY-HAMMONTON, NJ 2 $270,000 $135,000
BRUNSWICK, GA 2 $260,000 $130,000
CHAMBERSBURG-WAYNESBORO, PA 2 $260,000 $130,000
PITTSFIELD, MA 1 $255,000 $255,000
WICHITA FALLS, TX 2 $240,000 $120,000
ELMIRA, NY 1 $235,000 $235,000
VINELAND-BRIDGETON, NJ 1 $235,000 $235,000
WEIRTON-STEUBENVILLE, WV-OH 1 $225,000 $225,000
WENATCHEE, WA 1 $225,000 $225,000
LEWISTON, ID-WA 1 $225,000 $225,000
ALTOONA, PA 1 $215,000 $215,000
ALEXANDRIA, LA 2 $210,000 $105,000
BINGHAMTON, NY 2 $210,000 $105,000
MUNCIE, IN 2 $200,000 $100,000
COLLEGE STATION-BRYAN, TX 1 $195,000 $195,000
FOND DU LAC, WI 1 $195,000 $195,000
GREAT FALLS, MT 1 $195,000 $195,000
WAUSAU-WESTON, WI 1 $185,000 $185,000
KANKAKEE, IL 2 $180,000 $90,000
ROCKY MOUNT, NC 1 $175,000 $175,000
WHEELING, WV-OH 1 $175,000 $175,000
JANESVILLE-BELOIT, WI 1 $165,000 $165,000
SIERRA VISTA-DOUGLAS, AZ 1 $155,000 $155,000
PARKERSBURG-VIENNA, WV 1 $155,000 $155,000
DANVILLE, IL 1 $155,000 $155,000
MADERA, CA 1 $155,000 $155,000
AMARILLO, TX 1 $145,000 $145,000
VICTORIA, TX 1 $145,000 $145,000
FLAGSTAFF, AZ 1 $135,000 $135,000
NEW BERN, NC 1 $125,000 $125,000
ANNISTON-OXFORD, AL 1 $115,000 $115,000
MACON-BIBB COUNTY, GA 1 $115,000 $115,000
YUMA, AZ 1 $105,000 $105,000
ROCHESTER, MN 1 $95,000 $95,000
MONROE, LA 1 $95,000 $95,000
WATERLOO-CEDAR FALLS, IA 1 $85,000 $85,000
CHARLOTTESVILLE, VA 1 $75,000 $75,000
BROWNSVILLE-HARLINGEN, TX 1 $75,000 $75,000
BLACKSBURG-CHRISTIANSBURG, VA 1 $75,000 $75,000
WARNER ROBINS, GA 1 $75,000 $75,000
KOKOMO, IN 1 $45,000 $45,000

Lendors vary in competitiveness at the per market level-- meaning they may have better terms, deals or promotions based on the mortgaged property's location.

Interest Rate & Spreads

Loan Rate Originations Total Value Average Loan
<2.5% 371 $3,545,000 $9,555
2.5-3% 98 $22,700,000 $231,633
3-4% 5,679 $1,489,195,000 $262,228
4-5% 7,472 $1,708,320,000 $228,630
5-6% 1,783 $371,845,000 $208,550
6-7% 70 $17,020,000 $243,143
7-8% 126 $17,440,000 $138,413
Over 8% 32 $9,580,000 $299,375

Loan Sizing

Loan Size Originations Total Value Average Loan
$100,000 or less 1,640 $82,990,000 $50,604
$100k-200k 5,477 $842,105,000 $153,753
$200k-400k 6,983 $1,933,915,000 $276,946
$400k-600k 1,321 $609,715,000 $461,556
$600k-1000k 189 $133,955,000 $708,757
$Over $1MM 27 $37,025,000 $1,371,296

Different banks have different objectives. Some banks focus solely on high net worth individuals. Others focus on FHA loans for lower income applicants. Knowing what a bank specializes in allows better optimization given the applicant's financial situation.

LTV Distribution

Loan to Value Originations Total Value Average Loan
20-40% 168 $29,320,000 $174,524
40-60% 672 $151,260,000 $225,089
60-80% 3,459 $919,885,000 $265,940
80-100% 10,321 $2,428,655,000 $235,312
Over 100% 357 $96,525,000 $270,378
Under 20% 608 $8,520,000 $14,013

LTV, or loan-to-value, is the amount loaned relative to a home's value. Lower LTV lending implies a larger downpayment-- reducing risk to the lendor. FHA loans will nearly always have a higher LTV due to the lower downpayment requirements. Higher LTVs may also mean a bank is charging higher fees or interest rates to compensate for their risk exposure.

Applicant Income

Applicant Income Originations Total Value Average Loan
$100k-150k 2,724 $802,300,000 $294,530
$150k-250k 1,490 $524,970,000 $352,329
$50k-75k 4,372 $840,170,000 $192,171
$50k-or less 3,652 $563,590,000 $154,324
$75k-100k 2,846 $671,550,000 $235,963
$Over $250k 522 $229,980,000 $440,575

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan
White 13,122 $3,061,890,000 $233,340
Black 1,419 $284,545,000 $200,525
Not provided 559 $148,375,000 $265,429
Asian 446 $122,900,000 $275,561
American Indian 52 $13,070,000 $251,346
Native Hawaiian 31 $7,535,000 $243,065
Not applicable 7 $745,000 $106,429
Filipino 1 $645,000 $645,000

Approval Rates

Total approvals of all applications
96.09%

A high approval rate means banks are more selective in who they market to or that they are loosey-goosey with who they lend to. Low approval rates may mean a lendor is more stringent in their lending standards.

Pick Rate

Approvals leading to origination
63.51%

A bank's pick rate is how often they are chosen by an applicant once approved. A high pick rate typically means the bank has some sort of advantage-- either the best terms (rates/fees), fastest closing time or even the best customer service. Banks with <75% pick rate may need further investigation as to why they are not more competitive.

Points and Fees

Points Originations Total Value Average Loan
NA 15,637 $3,639,705,000 $232,762

Origination Fees

Origination Fee Originations Total Value Average Loan
$<1k 4,063 $794,845,000 $195,630
$1k-2k 5,754 $1,336,380,000 $232,252
$2k-3k 2,254 $481,480,000 $213,611
$3k-4k 2,179 $529,735,000 $243,109
$5k+ 1,336 $489,860,000 $366,662

Banks make money on their float/interest spread (fees charged to borrowers vs fees they pay for their capital), for servicing loans, as well as charging origination fees when a loan is disbursed. Modern low-cost efficient lendors can have fees totaling less than $500 for many mortgages-- as low as $250 in some cases. Average lendors will be in the $1k-2k range and high cost lendors will be even more. The costs incurred by the bank will be similar no matter the loan amount, so this is to be viewed as a profit center for most banks.

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
Multifamily:Site-Built 4 $180,000 $45,000
Single Family (1-4 Units):Manufactured 5 $245,000 $49,000
Single Family (1-4 Units):Site-Built 15,628 $3,639,280,000 $232,869