Edison National Bank Mortgage Rates, Fees & Info
Fort Myers, FLLEI: 549300POAFZ9PGU16760
Tax ID: 65-0765849
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage Data
Review & Overview
Edison National Bank is a smaller bank specializing in Home Purchase loans. Edison National Bank has a high proportion of conventional loans. Their top two markets are Cape Coral and Naples .Edison National Bank has an average approval rate when compared to the average across all 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.
Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.
Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.
Originations
8Origination Dollar Volume (All Markets)
$5,010,000Top 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 |
|---|---|---|---|---|---|
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 7 | $3,855,000 | $550,714 | $0 | 0.00% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 1 | $1,155,000 | $1,155,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 8 | $5,010,000 | $626,250 | $0 | 0.00% |
For 2023, Edison National Bank's most frequently originated type of loan was Conventional, with 8 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 8 | $5,010,000 | $626,250 | $0 | 0.00% |
For 2023, Edison National Bank's most frequently cited loan purpose was Home Purchase, with 8 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 8 | $5,010,000 | $626,250 | $0 | 0.00% |
For 2023, Edison National Bank's most frequently cited loan duration was Other, with 8 originations.
Loan Sizing
2023 saw Edison National Bank place emphasis on $600k-1MM loans with 3 originations, totaling $2,085,000 in origination value.
Applicant Income
| Applicant Income | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $250k+ | 6 | $4,490,000 | $748,333 | $0 | 0.00% |
| $150k-250k | 1 | $455,000 | $455,000 | $0 | 0.00% |
Edison National Bank lent most frequently to those with incomes in the $250k+ range, with 6 originations. The second most popular income band? $150k-250k, with 1 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 8 | $5,010,000 | $626,250 | $0 | 0.00% |
Edison National Bank lent most frequently to those with DTI ratios of Exempt%, with 8 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications72.73%
Edison National Bank has a below average approval rate.
Pick Rate
Approvals leading to originationPoints and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 8 | $5,010,000 | $626,250 |