Florida Community Bank Na Mortgage Rates, Fees & Info

Winter Park, FL

LEI: 549300SGSDB4HQJSLK07

Tax ID: 27-1732978

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

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • 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

    Florida Community Bank Na is a smaller bank specializing in Home Purchase loans. Florida Community Bank Na has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: Miami, Naples, Tampa, Orlando, and Port St. Lucie among others. We have data for 19 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Florida Community Bank Na has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Florida Community Bank Na is typically an average 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 about average 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.

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    Originations

    380

    Origination Dollar Volume (All Markets)

    $288,490,000

    Awards

    Florida Community Bank NA 30 Year Conventional Loans bronze Florida Community Bank NA 30 Year Conventional Loans bronze Florida Community Bank NA 30 Year Conventional Loans bronze
    Show all (3) awards

    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
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 127 $101,785,000 $801,457 $7,201 4.66%
    NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 67 $44,595,000 $665,597 $6,966 4.35%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 9 $43,275,000 $4,808,333 $5,955 4.47%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 42 $40,570,000 $965,952 $6,626 4.60%
    PORT ST. LUCIE, FL (FHA|USDA|VA) 13 $19,565,000 $1,505,000 $9,852 4.71%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 48 $12,510,000 $260,625 $5,240 4.58%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 25 $8,785,000 $351,400 $5,269 4.56%
    PUNTA GORDA, FL (FHA|USDA|VA) 17 $5,155,000 $303,235 $4,933 4.70%
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 10 $2,670,000 $267,000 $4,755 4.81%
    PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 4 $2,220,000 $555,000 $7,154 4.41%
    Sebastian-Vero Beach, FL (FHA|USDA|VA) 5 $2,055,000 $411,000 $6,037 4.48%
    Key West, FL (FHA|USDA|VA) 3 $1,625,000 $541,667 $6,386 4.29%
    New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 1 $955,000 $955,000 $10,976 5.38%
    LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 2 $640,000 $320,000 $5,067 4.56%
    Jefferson, GA (FHA|USDA|VA) 1 $635,000 $635,000 $7,922 4.38%
    JACKSONVILLE, FL (FHA|USDA|VA) 1 $585,000 $585,000 $6,603 3.88%
    RALEIGH-CARY, NC (FHA|USDA|VA) 1 $345,000 $345,000 $3,469 4.25%
    Clewiston, FL (FHA|USDA|VA) 3 $305,000 $101,667 $3,109 4.96%
    Wauchula, FL (FHA|USDA|VA) 1 $215,000 $215,000 $3,376 4.25%
    Florida Community Bank Na's top markets include Miami, Naples, Tampa, Orlando, and Port St. Lucie among others.

    Their top states include:
  • Florida (FHA|USDA|VA)
  • (FHA|USDA|VA)
  • New York (FHA|USDA|VA)
  • Georgia (FHA|USDA|VA)
  • North Carolina (FHA|USDA|VA)

    • Similar Lenders

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

    McCoy Federal Credit Union
    Similarity Rank: 60
    We Florida Financial
    Similarity Rank: 312
    Natbank
    Similarity Rank: 392
    POWER FINANCIAL
    Similarity Rank: 432
    Preferred Community Bank
    Similarity Rank: 484
    SOUTH FLORIDA EDUCATIONAL
    Similarity Rank: 836
    MIAMI FIREFIGHTERS FCU
    Similarity Rank: 912
    Guardians Credit Union
    Similarity Rank: 948
    Biscayne Bank
    Similarity Rank: 1014
    Suncoast Credit Union
    Similarity Rank: 1218

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 375 $287,345,000 $766,253 $6,490 4.58%
    FHA 5 $1,145,000 $229,000 $8,194 4.68%

    For 2018, Florida Community Bank Na's most frequently originated type of loan was Conventional, with 375 originations. Their 2nd most popular type was FHA, with 5 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 279 $222,405,000 $797,151 $7,183 4.51%
    Cash Out Refi 40 $21,440,000 $536,000 $4,720 4.77%
    Refi 32 $37,930,000 $1,185,313 $4,872 4.60%
    Other 18 $5,010,000 $278,333 $3,226 5.00%
    Home Improvement 11 $1,705,000 $155,000 $5,021 4.74%

    For 2018, Florida Community Bank Na's most frequently cited loan purpose was Home Purchase, with 279 originations. The 2nd most popular reason was Cash Out Refi, with 40 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 322 $174,210,000 $541,025 $6,890 4.56%
    15 Year 34 $25,320,000 $744,706 $3,851 4.47%
    5 Year 8 $58,480,000 $7,310,000 $259 4.86%
    20 Year 5 $885,000 $177,000 $2,163 4.60%
    3 Year 5 $14,745,000 $2,949,000 $16,895 5.19%
    10 Year 3 $95,000 $31,667 $414 4.92%
    Other 3 $14,755,000 $4,918,333 $0 5.32%

    For 2018, Florida Community Bank Na's most frequently cited loan duration was 30 Year, with 322 originations. The 2nd most popular length was 15 Year, with 34 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 198 $74,210,000 $374,798
    $1k-2k 75 $52,305,000 $697,400
    $2k-3k 67 $41,025,000 $612,313
    $5k+ 9 $11,195,000 $1,243,889
    $3k-4k 7 $3,545,000 $506,429
    $4k-5k 7 $4,125,000 $589,286

    Florida Community Bank Na's average total fees were $6,890, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 198 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 250 $150,940,000 $603,760
    5-6% 65 $57,685,000 $887,462
    3-4% 62 $76,580,000 $1,235,161
    6-7% 3 $3,285,000 $1,095,000

    During 2018, Florida Community Bank Na's average interest rate for loans was 4.56%, while their most frequently originated rate bucket for loans was 4-5%, with 250 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 100 $29,000,000 $290,000 $4,904 4.58%
    $100k-200k 86 $12,630,000 $146,860 $4,204 4.89%
    $600k-1MM 55 $42,715,000 $776,636 $8,568 4.30%
    $400k-600k 53 $25,885,000 $488,396 $7,296 4.40%
    $1MM+ 48 $175,630,000 $3,658,958 $15,576 4.22%
    $100,000 or less 38 $2,630,000 $69,211 $2,599 4.95%

    2018 saw Florida Community Bank Na place emphasis on $200k-400k loans with 100 originations, totaling $29,000,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 118 $120,940,000 $1,024,915 $9,631 4.33%
    $150k-250k 73 $31,155,000 $426,781 $6,131 4.40%
    $50k-75k 49 $8,405,000 $171,531 $4,356 4.86%
    $100k-150k 47 $13,665,000 $290,745 $5,494 4.63%
    $50k or less 41 $4,695,000 $114,512 $4,062 4.90%
    $75k-100k 28 $6,270,000 $223,929 $4,306 4.73%

    Florida Community Bank Na lent most frequently to those with incomes in the $250k+ range, with 118 originations. The second most popular income band? $150k-250k, with 73 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 70 $43,090,000 $615,571 $6,575 4.51%
    30-36% 63 $25,175,000 $399,603 $6,855 4.54%
    42% 41 $33,795,000 $824,268 $8,989 4.45%
    <20% 26 $19,700,000 $757,692 $7,985 4.43%
    39% 25 $15,765,000 $630,600 $7,570 4.54%
    38% 22 $7,350,000 $334,091 $4,839 4.43%
    40% 19 $6,935,000 $365,000 $5,410 4.77%
    41% 16 $6,440,000 $402,500 $5,558 4.40%
    37% 15 $7,555,000 $503,667 $6,368 4.53%
    36% 13 $7,445,000 $572,692 $6,442 4.59%
    43% 12 $2,450,000 $204,167 $4,021 4.78%
    44% 10 $2,030,000 $203,000 $3,537 5.05%
    45% 10 $2,360,000 $236,000 $3,501 4.96%
    46% 9 $1,995,000 $221,667 $5,626 4.58%
    47% 4 $1,130,000 $282,500 $5,568 4.72%
    48% 4 $1,050,000 $262,500 $4,333 4.78%
    49% 3 $965,000 $321,667 $4,937 4.50%
    50-60% 3 $1,565,000 $521,667 $6,773 4.71%

    Florida Community Bank Na lent most frequently to those with DTI ratios of 20-30%, with 70 originations. The next most common DTI ratio? 30-36%, with 63 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 15 $101,695,000 $6,779,667 $0 5.07%
    White 184 $91,450,000 $497,011 $6,459 4.55%
    Not provided 156 $85,870,000 $550,449 $6,663 4.50%
    Black 19 $6,285,000 $330,789 $5,767 4.97%
    Asian Indian 3 $1,845,000 $615,000 $6,340 5.00%
    American Indian 1 $965,000 $965,000 $10,408 3.63%
    Asian 2 $380,000 $190,000 $5,220 4.94%

    Approval Rates

    Total approvals of all applications
    88.93%

    Florida Community Bank Na has an average approval rate.

    Pick Rate

    Approvals leading to origination
    75.53%

    Florida Community Bank Na has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 380 $288,490,000 $759,184

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 11 $88,985,000 $8,089,545
    Single Family (1-4 Units):Site-Built 369 $199,505,000 $540,664

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 25 $24,205,000 $968,200 $3,549 4.61%
    40-60% 53 $89,715,000 $1,692,736 $5,606 4.59%
    60-80% 182 $120,600,000 $662,637 $7,271 4.55%
    80-100% 107 $52,575,000 $491,355 $6,774 4.55%
    Under 20% 12 $1,310,000 $109,167 $1,376 5.02%

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    FLORIDA HOME TRUST MORTGAGE Conventional home mortgage Trouble during payment process 1 100.0%