Bnc National Bank Mortgage Rates, Fees & Info
Glendale, AZLEI: 549300LH06ZZHKPX5U83
Tax ID: 86-1024756
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Mortgage Data
Review & Overview
Bnc National Bank is a smaller bank specializing in Other and Home Purchase loans. Bnc National Bank has a high proportion of conventional loans. Their top markets by origination volume include: Bismarck, Phoenix, Bozeman, Prescott Valley, and Las Vegas among others. We have data for 12 markets. (Some data included below & more in-depth data is available with an active subscription.)Bnc National 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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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 7.85% | 4/17/25 |
| These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates. | ||
Bnc National Bank Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
113Origination Dollar Volume (All Markets)
$21,905,000Top 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 |
|---|---|---|---|---|---|
| BISMARCK, ND (FHA|USDA|VA) | 74 | $9,350,000 | $126,351 | $363 | 7.94% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 10 | $7,330,000 | $733,000 | $0 | 8.45% |
| Outside of Metro Areas | 18 | $1,880,000 | $104,444 | $515 | 7.77% |
| Bozeman, MT (FHA|USDA|VA) | 1 | $1,005,000 | $1,005,000 | $0 | 8.25% |
| PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) | 1 | $695,000 | $695,000 | $0 | 8.75% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 1 | $555,000 | $555,000 | $0 | 6.95% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 7.00% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 8.25% |
| RAPID CITY, SD (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $0 | 6.88% |
| Minot, ND (FHA|USDA|VA) | 3 | $225,000 | $75,000 | $358 | 7.36% |
| Jamestown, ND (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $427 | 7.75% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 9.75% |
Similar Lenders
We use machine learning to identify the top lenders compared against BNC National Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 62 | $13,170,000 | $212,419 | $395 | 7.49% |
| HELOC | 51 | $8,735,000 | $171,275 | n/a | 8.50% |
For 2024, Bnc National Bank's most frequently originated type of loan was Conventional, with 62 originations. Their 2nd most popular type was HELOC, with 51 originations.
Loan Reason
For 2024, Bnc National Bank's most frequently cited loan purpose was Other, with 48 originations. The 2nd most popular reason was Refi, with 25 originations.
Loan Duration/Length
For 2024, Bnc National Bank's most frequently cited loan duration was 5 Year, with 50 originations. The 2nd most popular length was Other, with 40 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 44 | $3,450,000 | $78,409 |
Bnc National Bank's average total fees were $0, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 44 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 7-8% | 51 | $4,935,000 | $96,765 |
| Over 8% | 44 | $7,860,000 | $178,636 |
| 6-7% | 18 | $9,110,000 | $506,111 |
During 2024, Bnc National Bank's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 7-8%, with 51 originations.
Loan Sizing
2024 saw Bnc National Bank place emphasis on $100,000 or less loans with 60 originations, totaling $3,550,000 in origination value.
Applicant Income
Bnc National Bank lent most frequently to those with incomes in the $100k-150k range, with 25 originations. The second most popular income band? $150k-250k, with 25 originations.
Applicant Debt to Income Ratio
Bnc National Bank lent most frequently to those with DTI ratios of 30-36%, with 26 originations. The next most common DTI ratio? 20-30%, with 24 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications93.28%
Bnc National Bank has an average approval rate.
Pick Rate
Approvals leading to origination89.38%
Bnc National Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 113 | $21,905,000 | $193,850 |