Interamerican Bank Mortgage Rates, Fees & Info

Miami, FL

LEI: 549300JPRUH645Z90X88

Tax ID: 59-1680815

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Interamerican Bank is a smaller bank specializing in Refi and Home Purchase loans. Interamerican Bank has a high proportion of conventional loans. Their top two markets are Miami and Cape Coral .

    Interamerican Bank has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.

    We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

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    Originations

    11

    Origination Dollar Volume (All Markets)

    $3,055,000

    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) 10 $2,800,000 $280,000 $0 0.00%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 1 $255,000 $255,000 $0 0.00%
    Interamerican Bank's top markets include Miami and Cape Coral among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 11 $3,055,000 $277,727 $0 0.00%

    For 2018, Interamerican Bank's most frequently originated type of loan was Conventional, with 11 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 5 $1,795,000 $359,000 $0 0.00%
    Home Purchase 4 $910,000 $227,500 $0 0.00%
    Cash Out Refi 2 $350,000 $175,000 $0 0.00%

    For 2018, Interamerican Bank's most frequently cited loan purpose was Refi, with 5 originations. The 2nd most popular reason was Home Purchase, with 4 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 11 $3,055,000 $277,727 $0 0.00%

    For 2018, Interamerican Bank's most frequently cited loan duration was Other, with 11 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 5 $1,475,000 $295,000 $0 0.00%
    $100k-200k 4 $620,000 $155,000 $0 0.00%
    $100,000 or less 1 $95,000 $95,000 $0 0.00%
    $600k-1MM 1 $865,000 $865,000 $0 0.00%

    2018 saw Interamerican Bank place emphasis on $200k-400k loans with 5 originations, totaling $1,475,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $75k-100k 3 $915,000 $305,000 $0 0.00%
    $250k+ 2 $450,000 $225,000 $0 0.00%
    $50k-75k 2 $320,000 $160,000 $0 0.00%
    $100k-150k 1 $105,000 $105,000 $0 0.00%

    Interamerican Bank lent most frequently to those with incomes in the $75k-100k range, with 3 originations. The second most popular income band? $250k+, with 2 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 11 $3,055,000 $277,727 $0 0.00%

    Interamerican Bank lent most frequently to those with DTI ratios of Exempt%, with 11 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 9 $1,885,000 $209,444 $0 0.00%
    Not applicable 2 $1,170,000 $585,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    93.75%

    Interamerican Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    81.82%

    Interamerican Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 11 $3,055,000 $277,727

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 2 $1,170,000 $585,000
    Single Family (1-4 Units):Site-Built 9 $1,885,000 $209,444

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    Intercoastal Mortgage LLC VA mortgage Applying for a mortgage or refinancing an existing mortgage 1 100.0%