Interamerican Bank Mortgage Rates, Fees & Info
Miami, FLLEI: 549300JPRUH645Z90X88
Tax ID: 59-1680815
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Mortgage Data
Review & Overview
Interamerican Bank is a smaller bank specializing in Home Purchase and Refi loans. Interamerican Bank has a high proportion of conventional loans. Their top (well, only) market is Miami.Interamerican Bank has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.
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Originations
20Origination Dollar Volume (All Markets)
$7,880,000Top 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 |
|---|---|---|---|---|---|
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 20 | $7,880,000 | $394,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 20 | $7,880,000 | $394,000 | $0 | 0.00% |
For 2023, Interamerican Bank's most frequently originated type of loan was Conventional, with 20 originations.
Loan Reason
For 2023, Interamerican Bank's most frequently cited loan purpose was Home Purchase, with 12 originations. The 2nd most popular reason was Cash Out Refi, with 5 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 20 | $7,880,000 | $394,000 | $0 | 0.00% |
For 2023, Interamerican Bank's most frequently cited loan duration was Other, with 20 originations.
Loan Sizing
2023 saw Interamerican Bank place emphasis on $200k-400k loans with 7 originations, totaling $1,985,000 in origination value.
Applicant Income
Interamerican Bank lent most frequently to those with incomes in the $100k-150k range, with 6 originations. The second most popular income band? $150k-250k, with 3 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 20 | $7,880,000 | $394,000 | $0 | 0.00% |
Interamerican Bank lent most frequently to those with DTI ratios of Exempt%, with 20 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications85.71%
Interamerican Bank has an average approval rate.
Pick Rate
Approvals leading to origination80.00%
Interamerican Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 20 | $7,880,000 | $394,000 |