Sanibel Captiva Community Bank Mortgage Rates, Fees & Info

Sanibel, FL

LEI: 549300RMUJVUQYCW8836

Tax ID: 03-0426496

1 stars - Updated: 9/25/23

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

Review & Overview

Sanibel Captiva Community Bank is a smaller bank specializing in Home Purchase loans. Sanibel Captiva Community Bank has a high proportion of conventional loans. Their top markets by origination volume include: Cape Coral, Naples, Punta Gorda, Deltona, and Miami among others. We have data for 11 markets. (Some data included below & more in-depth data is available with an active subscription.)

Sanibel Captiva Community 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. Sanibel Captiva Community Bank is typically a high fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have relatively high rates.

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.

SimulatedRates™ Mortgage Type	Simulated Rate	Simulation Date
30 Year Conventional Purchase	7.67%	9/25/23
30 Year Conventional Refi	7.56%	9/25/23
30 Year FHA Purchase	6.27%	9/25/23
15 Year Conventional Purchase	7.69%	9/25/23
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.

Sanibel Captiva Community Bank Mortgage Calculator

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The default purchase price is the median sales price across the US for 2022Q4, per FRED.

Originations

282

Origination Dollar Volume (All Markets)

$190,380,000

Relative Rate

Sanibel Captiva Community Bank's average 30 year fixed mortgage rate was 5.68%.

The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.

This yields a difference of 0.92%.

Relative Fees (Closing Costs)

Sanibel Captiva Community Bank's average total fees/closing costs for a 30 year fixed rate mortgage were $12,985.

The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $4,750.

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
CAPE CORAL-FORT MYERS, FL (FHA\|USDA\|VA)	225	$133,395,000	$592,867	$12,348	5.69%
NAPLES-MARCO ISLAND, FL (FHA\|USDA\|VA)	36	$44,330,000	$1,231,389	$22,536	5.58%
PUNTA GORDA, FL (FHA\|USDA\|VA)	9	$4,515,000	$501,667	$13,326	5.54%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA\|USDA\|VA)	2	$3,120,000	$1,560,000	$0	6.00%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA\|USDA\|VA)	2	$1,950,000	$975,000	$13,825	4.75%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA\|USDA\|VA)	2	$890,000	$445,000	$8,878	6.00%
North Port-Sarasota-Bradenton, FL (FHA\|USDA\|VA)	2	$720,000	$360,000	$7,915	6.24%
JACKSONVILLE, FL (FHA\|USDA\|VA)	1	$705,000	$705,000	$14,907	5.99%
Outside of Metro Areas	1	$505,000	$505,000	$0	5.99%
Jamestown-Dunkirk-Fredonia, NY (FHA\|USDA\|VA)	1	$135,000	$135,000	$3,108	7.00%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA\|USDA\|VA)	1	$115,000	$115,000	$0	5.99%

Sanibel Captiva Community Bank's top markets include Cape Coral, Naples, Punta Gorda, Deltona, and Miami among others.

Their top states include:

Florida (FHA|USDA|VA)

Vermont (FHA|USDA|VA)

New York (FHA|USDA|VA)

Similar Lenders

We use machine learning to identify the top lenders compared against Sanibel Captiva Community Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

Allied First Bank,sb
Similarity Rank: 1134

NEAL COMMUNITIES FUNDING, LLC
Similarity Rank: 1380

MATTAMY HOME FUNDING, LLC
Similarity Rank: 2040

Seacoast National Bank
Similarity Rank: 2464

Suncoast Credit Union
Similarity Rank: 3440

RESIDENTIAL MORTGAGE SERVICES, INC.
Similarity Rank: 3950

THE MORTGAGE WAREHOUSE,LLC
Similarity Rank: 4116

ACHIEVA CREDIT UNION
Similarity Rank: 4284

CLEARPATH LENDING
Similarity Rank: 4316

American Momentum Bank
Similarity Rank: 4485

Product Mix

Loan Type	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Conventional	282	$190,380,000	$675,106	$12,786	5.68%

For 2022, Sanibel Captiva Community Bank's most frequently originated type of loan was Conventional, with 282 originations.

Loan Reason

Loan Reason	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Home Purchase	242	$164,150,000	$678,306	$13,184	5.67%
Refi	27	$22,275,000	$825,000	$12,522	5.58%
Other	7	$1,345,000	$192,143	$4,407	5.75%
Home Improvement	6	$2,610,000	$435,000	$10,714	6.29%

For 2022, Sanibel Captiva Community Bank's most frequently cited loan purpose was Home Purchase, with 242 originations. The 2nd most popular reason was Refi, with 27 originations.

Loan Duration/Length

Loan Length	Originations	Total Value	Average Loan	Average Fees	Average Rate
30 Year	254	$171,160,000	$673,858	$12,985	5.68%
30+ year	8	$2,970,000	$371,250	$11,851	5.41%
10 Year	5	$3,185,000	$637,000	$0	5.23%
20 Year	5	$4,935,000	$987,000	$5,559	5.85%
15 Year	4	$420,000	$105,000	$4,409	6.63%
Other	3	$4,085,000	$1,361,667	$0	5.33%
1 Year	2	$420,000	$210,000	$4,494	5.68%
5 Year	1	$3,205,000	$3,205,000	$48,673	6.99%

For 2022, Sanibel Captiva Community Bank's most frequently cited loan duration was 30 Year, with 254 originations. The 2nd most popular length was 30+ year, with 8 originations.

Origination Fees/Closing Costs

Origination Fee/Closing Cost	Originations	Total Value	Average Loan
$5k+	74	$78,570,000	$1,061,757
$4k-5k	27	$9,525,000	$352,778
$3k-4k	21	$6,445,000	$306,905
$2k-3k	18	$2,910,000	$161,667
$1k-2k	10	$1,240,000	$124,000
$<1k	5	$2,105,000	$421,000

Sanibel Captiva Community Bank's average total fees were $12,985, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 74 originations.

Interest Rates

Loan Rate	Originations	Total Value	Average Loan
5-6%	245	$160,245,000	$654,061
6-7%	24	$16,100,000	$670,833
4-5%	9	$11,685,000	$1,298,333
7-8%	2	$1,070,000	$535,000
3-4%	1	$1,065,000	$1,065,000
Over 8%	1	$215,000	$215,000

During 2022, Sanibel Captiva Community Bank's average interest rate for loans was 5.68%, while their most frequently originated rate bucket for loans was 5-6%, with 245 originations.

Loan Sizing

Loan Size	Originations	Total Value	Average Loan	Average Fees	Average Rate
$200k-400k	86	$25,320,000	$294,419	$7,754	5.72%
$600k-1MM	51	$40,755,000	$799,118	$15,379	5.68%
$400k-600k	49	$23,965,000	$489,082	$11,207	5.71%
$1MM+	48	$93,980,000	$1,957,917	$29,807	5.53%
$100k-200k	36	$5,410,000	$150,278	$4,967	5.68%
$100,000 or less	12	$950,000	$79,167	$3,777	5.87%

2022 saw Sanibel Captiva Community Bank place emphasis on $200k-400k loans with 86 originations, totaling $25,320,000 in origination value.

Applicant Income

Applicant Income	Originations	Total Value	Average Loan	Average Fees	Average Rate
$250k+	57	$48,815,000	$856,404	$17,082	5.67%
$150k-250k	55	$37,525,000	$682,273	$14,170	5.71%
$100k-150k	43	$19,405,000	$451,279	$11,401	5.75%
$75k-100k	21	$6,615,000	$315,000	$8,022	5.77%
$50k-75k	19	$7,725,000	$406,579	$9,087	5.72%
$50k or less	14	$3,290,000	$235,000	$4,891	5.81%

Sanibel Captiva Community Bank lent most frequently to those with incomes in the $250k+ range, with 57 originations. The second most popular income band? $150k-250k, with 55 originations.

Applicant Debt to Income Ratio

DTI Ratio	Originations	Total Value	Average Loan	Average Fees	Average Rate
>60%	31	$17,175,000	$554,032	$11,095	5.81%
30-36%	24	$10,680,000	$445,000	$9,647	5.62%
20-30%	23	$7,485,000	$325,435	$8,498	5.71%
50-60%	21	$9,475,000	$451,190	$9,710	5.86%
<20%	12	$7,490,000	$624,167	$11,724	5.58%
43%	11	$5,505,000	$500,455	$11,833	5.68%
44%	8	$4,540,000	$567,500	$14,285	5.69%
37%	8	$2,550,000	$318,750	$7,460	5.72%
41%	7	$3,795,000	$542,143	$10,136	5.59%
42%	7	$3,275,000	$467,857	$12,221	5.71%
45%	6	$1,570,000	$261,667	$4,798	5.52%
46%	6	$2,810,000	$468,333	$13,141	5.85%
36%	5	$2,295,000	$459,000	$5,748	5.82%
39%	5	$925,000	$185,000	$6,365	5.99%
49%	4	$1,040,000	$260,000	$7,238	6.22%
40%	4	$1,510,000	$377,500	$14,583	5.44%
47%	3	$905,000	$301,667	$3,865	5.71%
48%	3	$2,395,000	$798,333	$13,494	5.62%
38%	3	$345,000	$115,000	$3,704	5.79%

Sanibel Captiva Community Bank lent most frequently to those with DTI ratios of >60%, with 31 originations. The next most common DTI ratio? 30-36%, with 24 originations.

Ethnicity Mix

Applicant Ethnicity	Originations	Total Value	Average Loan	Average Fees	Average Rate
White	187	$106,155,000	$567,674	$12,233	5.72%
Not applicable	56	$54,140,000	$966,786	$32,387	5.55%
Not provided	30	$21,670,000	$722,333	$14,969	5.57%
Asian	5	$6,265,000	$1,253,000	$22,893	5.75%
Black	3	$1,655,000	$551,667	$12,992	6.12%
American Indian	1	$495,000	$495,000	$11,143	5.88%

Approval Rates

Total approvals of all applications
97.99%

Sanibel Captiva Community Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

Pick Rate

Approvals leading to origination
63.83%

Sanibel Captiva Community Bank has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

Points and Fees

Points	Originations	Total Value	Average Loan
NA	282	$190,380,000	$675,106

Occupancy Type Mix

Dwelling Type	Originations	Total Value	Average Loan
	282	$190,380,000	$675,106

LTV Distribution

Loan to Value	Originations	Total Value	Average Loan	Average Fees	Average Rate
20-40%	32	$16,280,000	$508,750	$9,189	5.72%
40-60%	52	$45,000,000	$865,385	$14,486	5.69%
60-80%	152	$95,580,000	$628,816	$12,618	5.63%
80-100%	45	$33,305,000	$740,111	$13,679	5.74%
Under 20%	1	$215,000	$215,000	$5,288	8.50%