North American Savings Bank

Grandview, MO 64030

LEI: 549300K6K2IS7FRS7S09

Tax ID: 44-0373310

2019 Data | 2018 Data


Jump to:

  • Originations
  • Product Mix
  • Loan Reason
  • Top Markets
  • Typical Rates
  • Loan Sizes
  • Loan to Value Info
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees
  • Dwelling Types

    • 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