Interamerican Bank Mortgage Rates, Fees & Info

Miami, FL

LEI: 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

20

Origination Dollar Volume (All Markets)

$7,880,000

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
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 20 $7,880,000 $394,000 $0 0.00%
Interamerican Bank's top markets include and Miami among others.

Their top states include:
  • Florida (FHA|USDA|VA)
  • 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

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 12 $3,770,000 $314,167 $0 0.00%
    Cash Out Refi 5 $1,385,000 $277,000 $0 0.00%
    Refi 2 $2,670,000 $1,335,000 $0 0.00%
    Home Improvement 1 $55,000 $55,000 $0 0.00%

    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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 7 $1,985,000 $283,571 $0 0.00%
    $100k-200k 5 $765,000 $153,000 $0 0.00%
    $400k-600k 5 $2,405,000 $481,000 $0 0.00%
    $1MM+ 2 $2,670,000 $1,335,000 $0 0.00%
    $100,000 or less 1 $55,000 $55,000 $0 0.00%

    2023 saw Interamerican Bank place emphasis on $200k-400k loans with 7 originations, totaling $1,985,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 6 $2,040,000 $340,000 $0 0.00%
    $150k-250k 3 $1,195,000 $398,333 $0 0.00%
    $250k+ 2 $1,890,000 $945,000 $0 0.00%
    $50k-75k 2 $320,000 $160,000 $0 0.00%
    $50k or less 1 $125,000 $125,000 $0 0.00%

    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

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 13 $5,365,000 $412,692 $0 0.00%
    Not applicable 6 $2,310,000 $385,000 $0 0.00%
    American Indian 1 $205,000 $205,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    85.71%

    Interamerican Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    80.00%

    Interamerican Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 20 $7,880,000 $394,000

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    20 $7,880,000 $394,000