North American Savings Bank

Grandview, MO 64030

LEI: 549300K6K2IS7FRS7S09

Tax ID: 44-0373310

2019 Data | 2018 Data


Overview

North American Savings Bank is a small mortgage company specializing in Home Purchase, Refi, and Cash Out Refi loans. North American Savings Bank 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 Kansas City, Washington, Phoenix, Atlanta, and Las Vegas among others. They have an 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. North American Savings Bank is typically a low fee lendor.


Originations

8,577

Origination Dollar Volume (All Markets)

$2,721,775,000

Product Mix

Loan Type Originations Total Value Average Loan
Conventional 3,317 $931,815,000 $280,921
FHA 686 $166,710,000 $243,017
VA 4,557 $1,620,245,000 $355,551
USDA 17 $3,005,000 $176,765

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 4,004 $1,222,780,000 $305,390
Home Improvement 15 $3,815,000 $254,333
Other 89 $18,675,000 $209,831
Refi 2,103 $740,475,000 $352,104
Cash Out Refi 2,366 $736,030,000 $311,086

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
KANSAS CITY, MO-KS 1,075 $279,485,000 $259,986
Outside of Metro Areas 676 $189,140,000 $279,793
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV 242 $107,750,000 $445,248
PHOENIX-MESA-CHANDLER, AZ 219 $67,005,000 $305,959
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA 224 $64,650,000 $288,616
LAS VEGAS-HENDERSON-PARADISE, NV 164 $54,190,000 $330,427
SAN DIEGO-CHULA VISTA-CARLSBAD, CA 92 $50,060,000 $544,130
LOS ANGELES-LONG BEACH-GLENDALE, CA 103 $50,045,000 $485,874
DENVER-AURORA-LAKEWOOD, CO 109 $44,455,000 $407,844
CHARLOTTE-CONCORD-GASTONIA, NC-SC 137 $43,355,000 $316,460
TAMPA-ST. PETERSBURG-CLEARWATER, FL 147 $43,045,000 $292,823
ORLANDO-KISSIMMEE-SANFORD, FL 134 $41,630,000 $310,672
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA 106 $38,820,000 $366,226
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC 113 $37,585,000 $332,611
ANCHORAGE, AK 108 $36,370,000 $336,759
NEW YORK-JERSEY CITY-WHITE PLAINS, NY-NJ 79 $33,615,000 $425,506
HOUSTON-THE WOODLANDS-SUGAR LAND, TX 122 $33,350,000 $273,361
DALLAS-PLANO-IRVING, TX 103 $31,255,000 $303,447
SEATTLE-BELLEVUE-KENT, WA 59 $27,855,000 $472,119
BALTIMORE-COLUMBIA-TOWSON, MD 73 $26,745,000 $366,370
PORTLAND-VANCOUVER-HILLSBORO, OR-WA 70 $26,590,000 $379,857
SACRAMENTO-ROSEVILLE-FOLSOM, CA 73 $26,205,000 $358,973
SAN ANTONIO-NEW BRAUNFELS, TX 89 $25,345,000 $284,775
RALEIGH-CARY, NC 76 $24,960,000 $328,421
CAMBRIDGE-NEWTON-FRAMINGHAM, MA 59 $24,795,000 $420,254
COLORADO SPRINGS, CO 65 $24,595,000 $378,385
AUSTIN-ROUND ROCK-GEORGETOWN, TX 66 $23,570,000 $357,121
ST. LOUIS, MO-IL 82 $22,400,000 $273,171
NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN 71 $22,175,000 $312,324
JACKSONVILLE, FL 68 $21,870,000 $321,618
OAKLAND-BERKELEY-LIVERMORE, CA 38 $20,810,000 $547,632
NASSAU COUNTY-SUFFOLK COUNTY, NY 52 $20,740,000 $398,846
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI 73 $20,565,000 $281,712
FORT WORTH-ARLINGTON-GRAPEVINE, TX 59 $19,705,000 $333,983
CHARLESTON-NORTH CHARLESTON, SC 54 $18,520,000 $342,963
TACOMA-LAKEWOOD, WA 42 $18,150,000 $432,143
BOSTON, MA 40 $16,730,000 $418,250
INDIANAPOLIS-CARMEL-ANDERSON, IN 60 $16,360,000 $272,667
ANAHEIM-SANTA ANA-IRVINE, CA 32 $15,860,000 $495,625
URBAN HONOLULU, HI 27 $15,525,000 $575,000
WARREN-TROY-FARMINGTON HILLS, MI 56 $15,060,000 $268,929
MONTGOMERY COUNTY-BUCKS COUNTY-CHESTER COUNTY, PA 40 $14,950,000 $373,750
NORTH PORT-SARASOTA-BRADENTON, FL 41 $13,635,000 $332,561
CHICAGO-NAPERVILLE-EVANSTON, IL 46 $13,550,000 $294,565
MIAMI-MIAMI BEACH-KENDALL, FL 36 $13,410,000 $372,500
FREDERICK-GAITHERSBURG-ROCKVILLE, MD 35 $13,015,000 $371,857
RICHMOND, VA 44 $13,010,000 $295,682
AUGUSTA-RICHMOND COUNTY, GA-SC 43 $12,905,000 $300,116
NEW BRUNSWICK-LAKEWOOD, NJ 36 $12,890,000 $358,056
COLUMBUS, OH 50 $12,840,000 $256,800
OKLAHOMA CITY, OK 45 $12,415,000 $275,889
BOISE CITY, ID 43 $12,105,000 $281,512
CINCINNATI, OH-KY-IN 43 $11,945,000 $277,791
BRIDGEPORT-STAMFORD-NORWALK, CT 18 $11,200,000 $622,222
VALLEJO, CA 26 $11,000,000 $423,077
PROVIDENCE-WARWICK, RI-MA 30 $10,930,000 $364,333
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL 26 $10,920,000 $420,000
PALM BAY-MELBOURNE-TITUSVILLE, FL 34 $10,880,000 $320,000
RENO, NV 31 $10,765,000 $347,258
SALINAS, CA 20 $10,640,000 $532,000
OGDEN-CLEARFIELD, UT 33 $10,535,000 $319,242
PROVO-OREM, UT 30 $10,470,000 $349,000
FORT LAUDERDALE-POMPANO BEACH-SUNRISE, FL 34 $10,420,000 $306,471
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL 33 $10,305,000 $312,273
SAN JOSE-SUNNYVALE-SANTA CLARA, CA 13 $9,835,000 $756,538
TUCSON, AZ 35 $8,985,000 $256,714
LAKELAND-WINTER HAVEN, FL 29 $8,815,000 $303,966
COLUMBIA, SC 34 $8,780,000 $258,235
SALT LAKE CITY, UT 24 $8,730,000 $363,750
WORCESTER, MA-CT 27 $8,675,000 $321,296
NEWARK, NJ-PA 26 $8,660,000 $333,077
COLUMBIA, MO 8 $8,570,000 $1,071,250
KNOXVILLE, TN 25 $8,565,000 $342,600
SANTA ROSA-PETALUMA, CA 11 $8,555,000 $777,727
OXNARD-THOUSAND OAKS-VENTURA, CA 18 $8,440,000 $468,889
OMAHA-COUNCIL BLUFFS, NE-IA 34 $8,120,000 $238,824
FAYETTEVILLE, NC 33 $8,115,000 $245,909
PENSACOLA-FERRY PASS-BRENT, FL 28 $8,000,000 $285,714
CAPE CORAL-FORT MYERS, FL 30 $7,750,000 $258,333
HUNTSVILLE, AL 30 $7,740,000 $258,000
CLEVELAND-ELYRIA, OH 30 $7,450,000 $248,333
GREENVILLE-ANDERSON, SC 26 $7,320,000 $281,538
NEW ORLEANS-METAIRIE, LA 19 $7,315,000 $385,000
HILTON HEAD ISLAND-BLUFFTON, SC 19 $7,045,000 $370,789
FRESNO, CA 20 $6,910,000 $345,500
BREMERTON-SILVERDALE-PORT ORCHARD, WA 18 $6,880,000 $382,222
STOCKTON, CA 19 $6,715,000 $353,421
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL 24 $6,630,000 $276,250
OLYMPIA-LACEY-TUMWATER, WA 22 $6,320,000 $287,273
FORT COLLINS, CO 16 $6,180,000 $386,250
BOULDER, CO 10 $6,090,000 $609,000
SPOKANE-SPOKANE VALLEY, WA 19 $5,955,000 $313,421
PITTSBURGH, PA 20 $5,940,000 $297,000
DAYTON-KETTERING, OH 22 $5,850,000 $265,909
MEMPHIS, TN-MS-AR 22 $5,760,000 $261,818
POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY 19 $5,755,000 $302,895
CHARLOTTESVILLE, VA 14 $5,640,000 $402,857
BARNSTABLE TOWN, MA 14 $5,550,000 $396,429
LOUISVILLE/JEFFERSON COUNTY, KY-IN 20 $5,370,000 $268,500
TULSA, OK 19 $5,275,000 $277,632
BUFFALO-CHEEKTOWAGA, NY 20 $5,270,000 $263,500
BATON ROUGE, LA 16 $5,120,000 $320,000
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC 20 $5,120,000 $256,000
BIRMINGHAM-HOOVER, AL 19 $5,105,000 $268,684
BAKERSFIELD, CA 16 $5,070,000 $316,875
WILMINGTON, DE-MD-NJ 16 $5,060,000 $316,250
SAVANNAH, GA 20 $5,020,000 $251,000
ASHEVILLE, NC 15 $4,965,000 $331,000
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR 17 $4,955,000 $291,471
PORTLAND-SOUTH PORTLAND, ME 14 $4,820,000 $344,286
CAMDEN, NJ 18 $4,770,000 $265,000
SAN LUIS OBISPO-PASO ROBLES, CA 11 $4,695,000 $426,818
PORT ST. LUCIE, FL 16 $4,640,000 $290,000
HARTFORD-EAST HARTFORD-MIDDLETOWN, CT 16 $4,590,000 $286,875
CLARKSVILLE, TN-KY 17 $4,575,000 $269,118
MILWAUKEE-WAUKESHA, WI 16 $4,570,000 $285,625
SANTA MARIA-SANTA BARBARA, CA 12 $4,560,000 $380,000
DURHAM-CHAPEL HILL, NC 16 $4,550,000 $284,375
NAPLES-MARCO ISLAND, FL 13 $4,365,000 $335,769
KILLEEN-TEMPLE, TX 19 $4,285,000 $225,526
PRESCOTT VALLEY-PRESCOTT, AZ 14 $4,260,000 $304,286
DAPHNE-FAIRHOPE-FOLEY, AL 15 $4,225,000 $281,667
ALBANY-SCHENECTADY-TROY, NY 15 $4,215,000 $281,000
WICHITA, KS 15 $4,155,000 $277,000
GARY, IN 13 $4,065,000 $312,692
SALISBURY, MD-DE 14 $3,960,000 $282,857
GREELEY, CO 12 $3,940,000 $328,333
LAKE HAVASU CITY-KINGMAN, AZ 14 $3,930,000 $280,714
PUNTA GORDA, FL 14 $3,930,000 $280,714
FAYETTEVILLE-SPRINGDALE-ROGERS, AR 17 $3,925,000 $230,882
COLUMBUS, GA-AL 16 $3,870,000 $241,875
JACKSONVILLE, NC 16 $3,780,000 $236,250
EL PASO, TX 13 $3,735,000 $287,308
NEW HAVEN-MILFORD, CT 12 $3,730,000 $310,833
ST. GEORGE, UT 9 $3,675,000 $408,333
COEUR D'ALENE, ID 12 $3,640,000 $303,333
OCALA, FL 17 $3,605,000 $212,059
WARNER ROBINS, GA 12 $3,600,000 $300,000
SPRINGFIELD, MO 13 $3,515,000 $270,385
DOVER, DE 13 $3,415,000 $262,692
ELGIN, IL 12 $3,390,000 $282,500
WINSTON-SALEM, NC 13 $3,355,000 $258,077
GAINESVILLE, GA 12 $3,350,000 $279,167
DETROIT-DEARBORN-LIVONIA, MI 11 $3,325,000 $302,273
MODESTO, CA 10 $3,290,000 $329,000
HAGERSTOWN-MARTINSBURG, MD-WV 14 $3,210,000 $229,286
SALEM, OR 13 $3,195,000 $245,769
ST. JOSEPH, MO-KS 20 $3,150,000 $157,500
CHATTANOOGA, TN-GA 14 $3,080,000 $220,000
ROCHESTER, NY 14 $3,070,000 $219,286
WENATCHEE, WA 10 $3,060,000 $306,000
YORK-HANOVER, PA 9 $3,005,000 $333,889
SIERRA VISTA-DOUGLAS, AZ 11 $2,965,000 $269,545
MANCHESTER-NASHUA, NH 10 $2,960,000 $296,000
WINCHESTER, VA-WV 11 $2,905,000 $264,091
GREENSBORO-HIGH POINT, NC 13 $2,865,000 $220,385
TOLEDO, OH 6 $2,830,000 $471,667
TALLAHASSEE, FL 10 $2,780,000 $278,000
WILMINGTON, NC 11 $2,605,000 $236,818
SAN RAFAEL, CA 3 $2,605,000 $868,333
MOUNT VERNON-ANACORTES, WA 6 $2,540,000 $423,333
TRENTON-PRINCETON, NJ 6 $2,510,000 $418,333
PANAMA CITY, FL 8 $2,470,000 $308,750
SHREVEPORT-BOSSIER CITY, LA 9 $2,455,000 $272,778
MISSOULA, MT 6 $2,440,000 $406,667
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ 9 $2,355,000 $261,667
THE VILLAGES, FL 8 $2,350,000 $293,750
VISALIA, CA 8 $2,350,000 $293,750
FLAGSTAFF, AZ 8 $2,300,000 $287,500
SEBASTIAN-VERO BEACH, FL 7 $2,295,000 $327,857
GRAND RAPIDS-KENTWOOD, MI 9 $2,285,000 $253,889
PHILADELPHIA, PA 9 $2,265,000 $251,667
HARRISBURG-CARLISLE, PA 9 $2,255,000 $250,556
FORT WAYNE, IN 9 $2,245,000 $249,444
KENNEWICK-RICHLAND, WA 7 $2,245,000 $320,714
LAKE COUNTY-KENOSHA COUNTY, IL-WI 9 $2,215,000 $246,111
JACKSON, MS 9 $2,205,000 $245,000
IOWA CITY, IA 4 $2,200,000 $550,000
YUBA CITY, CA 8 $2,190,000 $273,750
CALIFORNIA-LEXINGTON PARK, MD 6 $2,130,000 $355,000
IDAHO FALLS, ID 8 $2,120,000 $265,000
SOUTH BEND-MISHAWAKA, IN-MI 7 $2,115,000 $302,143
SAN ANGELO, TX 8 $2,060,000 $257,500
CHEYENNE, WY 7 $2,025,000 $289,286
BEND, OR 7 $2,005,000 $286,429
NORWICH-NEW LONDON, CT 7 $1,975,000 $282,143
DES MOINES-WEST DES MOINES, IA 8 $1,970,000 $246,250
GULFPORT-BILOXI, MS 10 $1,970,000 $197,000
GAINESVILLE, FL 6 $1,950,000 $325,000
HANFORD-CORCORAN, CA 8 $1,900,000 $237,500
CORVALLIS, OR 6 $1,890,000 $315,000
SPARTANBURG, SC 8 $1,840,000 $230,000
ALBUQUERQUE, NM 7 $1,825,000 $260,714
SPRINGFIELD, MA 7 $1,795,000 $256,429
MADISON, WI 7 $1,795,000 $256,429
ODESSA, TX 7 $1,775,000 $253,571
AUBURN-OPELIKA, AL 6 $1,770,000 $295,000
LEXINGTON-FAYETTE, KY 7 $1,765,000 $252,143
MONTGOMERY, AL 7 $1,755,000 $250,714
MERCED, CA 6 $1,730,000 $288,333
HOMOSASSA SPRINGS, FL 7 $1,715,000 $245,000
HOT SPRINGS, AR 7 $1,685,000 $240,714
CARSON CITY, NV 6 $1,660,000 $276,667
AKRON, OH 8 $1,650,000 $206,250
LYNCHBURG, VA 9 $1,645,000 $182,778
ATLANTIC CITY-HAMMONTON, NJ 6 $1,610,000 $268,333
WACO, TX 6 $1,560,000 $260,000
KINGSPORT-BRISTOL, TN-VA 5 $1,485,000 $297,000
SYRACUSE, NY 6 $1,480,000 $246,667
HARRISONBURG, VA 4 $1,470,000 $367,500
CHICO, CA 5 $1,465,000 $293,000
CAPE GIRARDEAU, MO-IL 3 $1,455,000 $485,000
EAU CLAIRE, WI 4 $1,440,000 $360,000
SANTA CRUZ-WATSONVILLE, CA 2 $1,410,000 $705,000
BELLINGHAM, WA 3 $1,405,000 $468,333
TOPEKA, KS 8 $1,390,000 $173,750
COLLEGE STATION-BRYAN, TX 6 $1,390,000 $231,667
BEAUMONT-PORT ARTHUR, TX 5 $1,365,000 $273,000
MEDFORD, OR 4 $1,330,000 $332,500
BRUNSWICK, GA 4 $1,330,000 $332,500
ALBANY-LEBANON, OR 6 $1,330,000 $221,667
MCALLEN-EDINBURG-MISSION, TX 6 $1,290,000 $215,000
LINCOLN, NE 6 $1,290,000 $215,000
MADERA, CA 4 $1,250,000 $312,500
MIDLAND, TX 4 $1,250,000 $312,500
STAUNTON, VA 4 $1,240,000 $310,000
CORPUS CHRISTI, TX 6 $1,240,000 $206,667
LAWTON, OK 5 $1,215,000 $243,000
MANSFIELD, OH 4 $1,190,000 $297,500
BURLINGTON, NC 6 $1,180,000 $196,667
FARGO, ND-MN 4 $1,170,000 $292,500
BURLINGTON-SOUTH BURLINGTON, VT 4 $1,170,000 $292,500
MANHATTAN, KS 4 $1,160,000 $290,000
NAPA, CA 2 $1,150,000 $575,000
WALLA WALLA, WA 4 $1,150,000 $287,500
ROCKINGHAM COUNTY-STRAFFORD COUNTY, NH 4 $1,140,000 $285,000
GRAND FORKS, ND-MN 5 $1,125,000 $225,000
CLEVELAND, TN 3 $1,115,000 $371,667
NEW BERN, NC 5 $1,115,000 $223,000
LAFAYETTE, LA 5 $1,095,000 $219,000
ROCHESTER, MN 3 $1,085,000 $361,667
REDDING, CA 4 $1,080,000 $270,000
MOBILE, AL 5 $1,055,000 $211,000
GRAND JUNCTION, CO 4 $1,050,000 $262,500
VICTORIA, TX 3 $1,005,000 $335,000
LANSING-EAST LANSING, MI 4 $990,000 $247,500
YOUNGSTOWN-WARREN-BOARDMAN, OH-PA 5 $955,000 $191,000
JONESBORO, AR 5 $955,000 $191,000
GRANTS PASS, OR 3 $945,000 $315,000
JOPLIN, MO 4 $930,000 $232,500
JACKSON, TN 4 $920,000 $230,000
SIOUX FALLS, SD 2 $920,000 $460,000
GREEN BAY, WI 3 $915,000 $305,000
GREAT FALLS, MT 4 $910,000 $227,500
WICHITA FALLS, TX 3 $905,000 $301,667
DULUTH, MN-WI 3 $905,000 $301,667
MICHIGAN CITY-LA PORTE, IN 4 $890,000 $222,500
CASPER, WY 2 $870,000 $435,000
WATERTOWN-FORT DRUM, NY 4 $870,000 $217,500
HAMMOND, LA 2 $860,000 $430,000
EUGENE-SPRINGFIELD, OR 3 $845,000 $281,667
SUMTER, SC 4 $840,000 $210,000
LAWRENCE, KS 4 $830,000 $207,500
ROANOKE, VA 3 $825,000 $275,000
SEBRING-AVON PARK, FL 3 $815,000 $271,667
ANN ARBOR, MI 3 $805,000 $268,333
MORGANTOWN, WV 3 $805,000 $268,333
READING, PA 3 $805,000 $268,333
LUBBOCK, TX 4 $790,000 $197,500
ENID, OK 3 $755,000 $251,667
STATE COLLEGE, PA 3 $745,000 $248,333
UTICA-ROME, NY 3 $745,000 $248,333
LONGVIEW, TX 3 $745,000 $248,333
ROCKY MOUNT, NC 3 $745,000 $248,333
YUMA, AZ 3 $735,000 $245,000
PUEBLO, CO 2 $730,000 $365,000
SCRANTON--WILKES-BARRE, PA 4 $720,000 $180,000
KALAMAZOO-PORTAGE, MI 3 $715,000 $238,333
LAKE CHARLES, LA 3 $705,000 $235,000
JOHNSON CITY, TN 3 $705,000 $235,000
TUSCALOOSA, AL 3 $705,000 $235,000
DOTHAN, AL 3 $695,000 $231,667
PEORIA, IL 3 $685,000 $228,333
HICKORY-LENOIR-MORGANTON, NC 4 $670,000 $167,500
HATTIESBURG, MS 2 $650,000 $325,000
LANCASTER, PA 3 $645,000 $215,000
TYLER, TX 2 $640,000 $320,000
LAFAYETTE-WEST LAFAYETTE, IN 3 $625,000 $208,333
AMARILLO, TX 2 $620,000 $310,000
JEFFERSON CITY, MO 3 $615,000 $205,000
BILLINGS, MT 2 $610,000 $305,000
MORRISTOWN, TN 2 $600,000 $300,000
ERIE, PA 3 $595,000 $198,333
EL CENTRO, CA 3 $595,000 $198,333
LOGAN, UT-ID 3 $585,000 $195,000
BECKLEY, WV 2 $580,000 $290,000
BISMARCK, ND 2 $580,000 $290,000
WATERLOO-CEDAR FALLS, IA 2 $570,000 $285,000
SPRINGFIELD, OH 2 $570,000 $285,000
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA 2 $570,000 $285,000
LEBANON, PA 3 $565,000 $188,333
JACKSON, MI 3 $565,000 $188,333
YAKIMA, WA 1 $565,000 $565,000
KINGSTON, NY 2 $560,000 $280,000
FORT SMITH, AR-OK 2 $560,000 $280,000
SIOUX CITY, IA-NE-SD 2 $560,000 $280,000
TWIN FALLS, ID 3 $555,000 $185,000
MACON-BIBB COUNTY, GA 2 $540,000 $270,000
ABILENE, TX 2 $540,000 $270,000
MONROE, LA 2 $530,000 $265,000
FLINT, MI 3 $525,000 $175,000
BLACKSBURG-CHRISTIANSBURG, VA 2 $520,000 $260,000
CHAMPAIGN-URBANA, IL 2 $520,000 $260,000
ALBANY, GA 3 $495,000 $165,000
CHARLESTON, WV 2 $480,000 $240,000
RACINE, WI 3 $475,000 $158,333
MUSKEGON, MI 2 $470,000 $235,000
BATTLE CREEK, MI 2 $460,000 $230,000
RAPID CITY, SD 2 $450,000 $225,000
BLOOMINGTON, IN 2 $430,000 $215,000
VALDOSTA, GA 2 $420,000 $210,000
FOND DU LAC, WI 2 $410,000 $205,000
SAGINAW, MI 2 $410,000 $205,000
FLORENCE-MUSCLE SHOALS, AL 2 $400,000 $200,000
KOKOMO, IN 2 $390,000 $195,000
LEWISTON-AUBURN, ME 2 $390,000 $195,000
PARKERSBURG-VIENNA, WV 2 $390,000 $195,000
CANTON-MASSILLON, OH 2 $370,000 $185,000
GREENVILLE, NC 2 $370,000 $185,000
DAVENPORT-MOLINE-ROCK ISLAND, IA-IL 2 $360,000 $180,000
SANTA FE, NM 1 $355,000 $355,000
SHERMAN-DENISON, TX 3 $325,000 $108,333
EAST STROUDSBURG, PA 1 $325,000 $325,000
LONGVIEW, WA 1 $325,000 $325,000
HINESVILLE, GA 2 $310,000 $155,000
COLUMBUS, IN 1 $305,000 $305,000
GRAND ISLAND, NE 1 $305,000 $305,000
HUNTINGTON-ASHLAND, WV-KY-OH 2 $300,000 $150,000
GLENS FALLS, NY 1 $295,000 $295,000
BROWNSVILLE-HARLINGEN, TX 2 $290,000 $145,000
CARBONDALE-MARION, IL 1 $285,000 $285,000
EVANSVILLE, IN-KY 1 $275,000 $275,000
CEDAR RAPIDS, IA 1 $275,000 $275,000
SPRINGFIELD, IL 1 $275,000 $275,000
JANESVILLE-BELOIT, WI 1 $275,000 $275,000
GETTYSBURG, PA 1 $265,000 $265,000
DUBUQUE, IA 1 $255,000 $255,000
WILLIAMSPORT, PA 1 $255,000 $255,000
SHEBOYGAN, WI 1 $245,000 $245,000
FLORENCE, SC 1 $245,000 $245,000
TEXARKANA, TX-AR 1 $245,000 $245,000
ELIZABETHTOWN-FORT KNOX, KY 1 $245,000 $245,000
CHAMBERSBURG-WAYNESBORO, PA 1 $245,000 $245,000
KAHULUI-WAILUKU-LAHAINA, HI 1 $245,000 $245,000
BOWLING GREEN, KY 1 $235,000 $235,000
LEWISTON, ID-WA 1 $235,000 $235,000
MANKATO, MN 1 $235,000 $235,000
GADSDEN, AL 1 $225,000 $225,000
LAS CRUCES, NM 1 $225,000 $225,000
OSHKOSH-NEENAH, WI 2 $220,000 $110,000
VINELAND-BRIDGETON, NJ 1 $215,000 $215,000
GOLDSBORO, NC 1 $195,000 $195,000
POCATELLO, ID 1 $185,000 $185,000
ANNISTON-OXFORD, AL 1 $175,000 $175,000
ATHENS-CLARKE COUNTY, GA 1 $175,000 $175,000
AMES, IA 1 $165,000 $165,000
MONROE, MI 1 $165,000 $165,000
KANKAKEE, IL 1 $165,000 $165,000
PITTSFIELD, MA 1 $155,000 $155,000
ROCKFORD, IL 1 $155,000 $155,000
MIDLAND, MI 1 $155,000 $155,000
WAUSAU-WESTON, WI 1 $145,000 $145,000
PINE BLUFF, AR 1 $125,000 $125,000

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% 5 $1,575,000 $315,000
2.5-3% 432 $154,810,000 $358,356
3-4% 5,868 $1,972,110,000 $336,079
4-5% 1,660 $444,270,000 $267,633
5-6% 458 $111,910,000 $244,345
6-7% 152 $36,720,000 $241,579
7-8% 2 $380,000 $190,000

Loan Sizing

Loan Size Originations Total Value Average Loan
$100,000 or less 251 $19,045,000 $75,876
$100k-200k 1,572 $253,960,000 $161,552
$200k-400k 4,753 $1,379,445,000 $290,226
$400k-600k 1,584 $740,350,000 $467,393
$600k-1000k 368 $262,420,000 $713,098
$Over $1MM 49 $66,555,000 $1,358,265

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 $42,800,000 $254,762
40-60% 687 $171,565,000 $249,731
60-80% 1,845 $550,785,000 $298,528
80-100% 4,177 $1,333,335,000 $319,209
Over 100% 325 $112,635,000 $346,569
Under 20% 25 $3,815,000 $152,600

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 1,967 $656,895,000 $333,958
$150k-250k 1,189 $468,145,000 $393,730
$50k-75k 1,462 $344,560,000 $235,677
$50k-or less 480 $82,970,000 $172,854
$75k-100k 1,452 $410,510,000 $282,720
$Over $250k 357 $189,405,000 $530,546

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan
White 5,948 $1,887,620,000 $317,354
Not provided 1,385 $478,165,000 $345,245
Black 544 $163,550,000 $300,643
Asian 176 $62,420,000 $354,659
Not applicable 293 $56,095,000 $191,451
American Indian 84 $25,900,000 $308,333
Asian Indian 35 $11,585,000 $331,000
Filipino 29 $9,625,000 $331,897
Native Hawaiian 25 $8,195,000 $327,800
Korean 11 $4,945,000 $449,545
Other Asian 14 $3,610,000 $257,857
Vietnamese 12 $3,080,000 $256,667
Chinese 7 $2,055,000 $293,571
Other Pacific Islander 5 $1,665,000 $333,000
Guamanian 3 $1,265,000 $421,667
Japanese 3 $1,155,000 $385,000
Native Hawiian 2 $660,000 $330,000
Samoan 1 $185,000 $185,000

Approval Rates

Total approvals of all applications
79.14%

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
68.25%

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 8,577 $2,721,775,000 $317,334

Origination Fees

Origination Fee Originations Total Value Average Loan
$<1k 6,676 $2,159,500,000 $323,472
$1k-2k 491 $140,105,000 $285,346
$2k-3k 309 $88,405,000 $286,100
$3k-4k 315 $104,035,000 $330,270
$5k+ 263 $124,565,000 $473,631

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:Manufactured 2 $1,780,000 $890,000
Multifamily:Site-Built 9 $12,265,000 $1,362,778
Single Family (1-4 Units):Site-Built 8,566 $2,707,730,000 $316,102