Sanibel Captiva Community Bank Mortgage Rates, Fees & Info

Sanibel, FL

LEI: 549300RMUJVUQYCW8836

Tax ID: 03-0426496

1 stars - out of 5 stars, based on 17 reviews

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

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Mortgage Data

  • SimulatedRates™
  • Originations
  • Relative Rates
  • Relative Fees
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Sanibel Captiva Community Bank is a smaller bank specializing in 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% 3/24/23
    30 Year Conventional Refi 7.56% 3/24/23
    30 Year FHA Purchase 6.27% 3/24/23
    15 Year Conventional Purchase 7.69% 3/24/23
    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.


    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%