Sanibel Captiva Community Bank Mortgage Rates, Fees & Info
Sanibel, FLLEI: 549300RMUJVUQYCW8836
Tax ID: 03-0426496
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage 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, Edwards, and North Port among others. We have data for 9 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% | 12/16/24 |
| 30 Year Conventional Refi | 7.56% | 12/16/24 |
| 30 Year FHA Purchase | 6.27% | 12/16/24 |
| 15 Year Conventional Purchase | 7.69% | 12/16/24 |
| 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
Your Estimates
Estimated Loan Payment: Update the calculator values and click calculate payment!
This is not an official calculator from Sanibel Captiva Community Bank. It uses our SimulatedRate™
technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.
The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
256Origination Dollar Volume (All Markets)
$161,700,000Relative Rate
Sanibel Captiva Community Bank's average 30 year fixed mortgage rate was
7.91%.
The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.
This yields a difference of 1.43%.
Relative Fees (Closing Costs)
Sanibel Captiva Community Bank's average total fees/closing costs for a 30 year fixed rate
mortgage were $12,338.
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 $9,089.
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) | 217 | $124,885,000 | $575,507 | $11,531 | 7.97% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 25 | $28,965,000 | $1,158,600 | $14,720 | 7.76% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 4 | $2,510,000 | $627,500 | $14,006 | 7.81% |
| Edwards, CO (FHA|USDA|VA) | 1 | $1,685,000 | $1,685,000 | $0 | 8.25% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 4 | $1,520,000 | $380,000 | $8,778 | 8.18% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 2 | $1,020,000 | $510,000 | $12,740 | 7.62% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 1 | $705,000 | $705,000 | $0 | 8.49% |
| OCALA, FL (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $7,353 | 6.49% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 8.75% |
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.
Similarity Rank: 284
Similarity Rank: 684
Similarity Rank: 792
Similarity Rank: 825
Similarity Rank: 1014
Similarity Rank: 1026
Similarity Rank: 1144
Similarity Rank: 1920
Similarity Rank: 1935
Similarity Rank: 2625
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 256 | $161,700,000 | $631,641 | $11,620 | 7.95% |
For 2023, Sanibel Captiva Community Bank's most frequently originated type of loan was Conventional, with 256 originations.
Loan Reason
For 2023, Sanibel Captiva Community Bank's most frequently cited loan purpose was Home Purchase, with 227 originations. The 2nd most popular reason was Home Improvement, with 13 originations.
Loan Duration/Length
For 2023, Sanibel Captiva Community Bank's most frequently cited loan duration was 30 Year, with 217 originations. The 2nd most popular length was 1 Year, with 15 originations.
Origination Fees/Closing Costs
Sanibel Captiva Community Bank's average total fees were $12,338, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 82 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| Over 8% | 104 | $63,780,000 | $613,269 |
| 7-8% | 97 | $65,095,000 | $671,082 |
| 6-7% | 50 | $28,840,000 | $576,800 |
| 5-6% | 5 | $3,985,000 | $797,000 |
During 2023, Sanibel Captiva Community Bank's average interest rate for loans was 7.91%, while their most frequently originated rate bucket for loans was Over 8%, with 104 originations.
Loan Sizing
2023 saw Sanibel Captiva Community Bank place emphasis on $200k-400k loans with 87 originations, totaling $25,045,000 in origination value.
Applicant Income
Sanibel Captiva Community Bank lent most frequently to those with incomes in the $250k+ range, with 60 originations. The second most popular income band? $150k-250k, with 46 originations.
Applicant Debt to Income Ratio
Sanibel Captiva Community Bank lent most frequently to those with DTI ratios of >60%, with 52 originations. The next most common DTI ratio? 30-36%, with 19 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications98.92%
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 origination59.38%
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 | 256 | $161,700,000 | $631,641 |