Sanibel Captiva Community Bank Mortgage Rates, Fees & Info

Sanibel, FL

LEI: 549300RMUJVUQYCW8836

Tax ID: 03-0426496

1 stars - Updated: 7/11/24 - out of 5 stars, based on 16 reviews

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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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% 7/11/24
30 Year Conventional Refi 7.56% 7/11/24
30 Year FHA Purchase 6.27% 7/11/24
15 Year Conventional Purchase 7.69% 7/11/24
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

256

Origination Dollar Volume (All Markets)

$161,700,000

Relative 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%
Sanibel Captiva Community Bank's top markets include Cape Coral, Naples, Punta Gorda, Edwards, and North Port among others.

Their top states include:
  • Florida (FHA|USDA|VA)
  • Colorado (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.

    NEAL COMMUNITIES FUNDING, LLC
    Similarity Rank: 284
    Suncoast Credit Union
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    MIDFLORIDA
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    THE MORTGAGE WAREHOUSE,LLC
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    READY MORTGAGE LENDERS, LLC
    Similarity Rank: 1014
    Busey Bank
    Similarity Rank: 1026
    INSPIRE HOME LOANS INC.
    Similarity Rank: 1144
    MATTAMY HOME FUNDING, LLC
    Similarity Rank: 1920
    Sanibel Captiva Community Bank
    Similarity Rank: 1935
    American Momentum Bank
    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

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 227 $147,425,000 $649,449 $12,176 7.96%
    Home Improvement 13 $2,445,000 $188,077 $4,232 7.84%
    Refi 11 $9,655,000 $877,727 $12,821 7.75%
    Other 5 $2,175,000 $435,000 $10,087 8.35%

    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

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 217 $139,475,000 $642,742 $12,338 7.91%
    1 Year 15 $6,095,000 $406,333 $8,553 8.01%
    10 Year 6 $7,250,000 $1,208,333 $0 8.46%
    20 Year 5 $1,545,000 $309,000 $7,860 8.20%
    5 Year 4 $3,400,000 $850,000 $524 8.25%
    30+ year 3 $1,125,000 $375,000 $12,005 8.08%
    Other 3 $385,000 $128,333 $248 8.13%
    15 Year 2 $320,000 $160,000 $5,845 8.25%
    3 Year 1 $2,105,000 $2,105,000 $0 7.75%

    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

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $5k+ 82 $70,920,000 $864,878
    $3k-4k 33 $9,065,000 $274,697
    $2k-3k 21 $3,485,000 $165,952
    $4k-5k 19 $6,755,000 $355,526
    $<1k 5 $175,000 $35,000
    $1k-2k 4 $360,000 $90,000

    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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 87 $25,045,000 $287,874 $7,757 7.98%
    $400k-600k 59 $28,825,000 $488,559 $11,112 8.04%
    $600k-1MM 46 $34,500,000 $750,000 $15,524 7.98%
    $1MM+ 33 $69,185,000 $2,096,515 $28,625 7.75%
    $100k-200k 24 $3,820,000 $159,167 $5,120 7.99%
    $100,000 or less 7 $325,000 $46,429 $1,603 7.32%

    2023 saw Sanibel Captiva Community Bank place emphasis on $200k-400k loans with 87 originations, totaling $25,045,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 60 $47,440,000 $790,667 $16,116 7.77%
    $150k-250k 46 $24,390,000 $530,217 $11,437 8.14%
    $100k-150k 33 $13,895,000 $421,061 $9,813 7.81%
    $50k-75k 19 $6,465,000 $340,263 $7,870 7.93%
    $75k-100k 16 $4,510,000 $281,875 $7,822 7.78%
    $50k or less 8 $2,010,000 $251,250 $6,846 7.40%

    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

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    >60% 52 $26,700,000 $513,462 $11,294 7.97%
    30-36% 19 $8,425,000 $443,421 $9,948 8.14%
    20-30% 18 $6,160,000 $342,222 $9,061 7.90%
    50-60% 15 $7,925,000 $528,333 $11,173 7.86%
    <20% 10 $5,070,000 $507,000 $11,210 7.62%
    46% 7 $4,955,000 $707,857 $13,971 8.00%
    49% 6 $1,860,000 $310,000 $7,973 7.91%
    36% 5 $2,715,000 $543,000 $11,097 7.79%
    39% 5 $3,075,000 $615,000 $10,085 7.70%
    45% 5 $2,685,000 $537,000 $12,093 7.59%
    44% 4 $1,520,000 $380,000 $11,679 8.12%
    43% 4 $680,000 $170,000 $4,750 7.75%
    41% 3 $1,455,000 $485,000 $10,663 7.58%
    47% 3 $955,000 $318,333 $8,570 7.91%
    48% 3 $1,145,000 $381,667 $9,825 8.41%
    40% 3 $1,155,000 $385,000 $9,613 8.16%
    42% 3 $1,175,000 $391,667 $9,484 7.58%
    38% 3 $1,085,000 $361,667 $6,773 8.25%
    37% 2 $950,000 $475,000 $6,500 7.75%

    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

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 161 $89,455,000 $555,621 $11,735 7.87%
    Not applicable 56 $52,320,000 $934,286 $0 8.20%
    Not provided 32 $15,280,000 $477,500 $10,893 7.90%
    Black 3 $3,325,000 $1,108,333 $18,009 7.41%
    Asian 2 $950,000 $475,000 $6,902 8.49%
    American Indian 2 $370,000 $185,000 $6,626 8.00%

    Approval Rates

    Total approvals of all applications
    98.92%

    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 origination
    59.38%

    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

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    256 $161,700,000 $631,641

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 32 $16,120,000 $503,750 $9,647 7.85%
    40-60% 56 $39,000,000 $696,429 $12,871 8.03%
    60-80% 132 $79,130,000 $599,470 $11,195 7.96%
    80-100% 24 $23,470,000 $977,917 $16,015 7.76%
    Under 20% 8 $3,860,000 $482,500 $8,000 8.59%