First Bank Of The Palm Beaches Mortgage Rates, Fees & Info

West Palm Beach, FL

LEI: 549300TWBRXL7DZOG892

Tax ID: 20-2945754

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
  • 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

    First Bank Of The Palm Beaches is a smaller bank specializing in Home Purchase and Refi loans. First Bank Of The Palm Beaches has a high proportion of conventional loans. Their top markets by origination volume include: Miami, Port St. Lucie, and Key West among others. We have data for 3 markets. (Some data included below & more in-depth data is available with an active subscription.)

    First Bank Of The Palm Beaches 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.

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    Originations

    74

    Origination Dollar Volume (All Markets)

    $22,800,000

    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) 63 $19,955,000 $316,746 $0 0.00%
    PORT ST. LUCIE, FL (FHA|USDA|VA) 10 $2,210,000 $221,000 $0 0.00%
    Key West, FL (FHA|USDA|VA) 1 $635,000 $635,000 $0 0.00%
    First Bank Of The Palm Beaches's top markets include Miami, Port St. Lucie, and Key West among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 74 $22,800,000 $308,108 $0 0.00%

    For 2018, First Bank Of The Palm Beaches's most frequently originated type of loan was Conventional, with 74 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 59 $16,955,000 $287,373 $0 0.00%
    Refi 15 $5,845,000 $389,667 $0 0.00%

    For 2018, First Bank Of The Palm Beaches's most frequently cited loan purpose was Home Purchase, with 59 originations. The 2nd most popular reason was Refi, with 15 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 74 $22,800,000 $308,108 $0 0.00%

    For 2018, First Bank Of The Palm Beaches's most frequently cited loan duration was Other, with 74 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 26 $3,850,000 $148,077 $0 0.00%
    $200k-400k 16 $4,060,000 $253,750 $0 0.00%
    $100,000 or less 12 $1,010,000 $84,167 $0 0.00%
    $400k-600k 10 $4,850,000 $485,000 $0 0.00%
    $600k-1MM 8 $6,660,000 $832,500 $0 0.00%
    $1MM+ 2 $2,370,000 $1,185,000 $0 0.00%

    2018 saw First Bank Of The Palm Beaches place emphasis on $100k-200k loans with 26 originations, totaling $3,850,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 11 $7,935,000 $721,364 $0 0.00%
    $100k-150k 10 $2,790,000 $279,000 $0 0.00%
    $150k-250k 6 $3,410,000 $568,333 $0 0.00%
    $50k-75k 6 $1,120,000 $186,667 $0 0.00%
    $75k-100k 5 $1,085,000 $217,000 $0 0.00%
    $50k or less 2 $190,000 $95,000 $0 0.00%

    First Bank Of The Palm Beaches lent most frequently to those with incomes in the $250k+ range, with 11 originations. The second most popular income band? $100k-150k, with 10 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 74 $22,800,000 $308,108 $0 0.00%

    First Bank Of The Palm Beaches lent most frequently to those with DTI ratios of Exempt%, with 74 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 38 $15,070,000 $396,579 $0 0.00%
    Not applicable 33 $6,225,000 $188,636 $0 0.00%
    Black 2 $1,270,000 $635,000 $0 0.00%
    Asian 1 $235,000 $235,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    94.74%

    First Bank Of The Palm Beaches has an average approval rate.

    Pick Rate

    Approvals leading to origination
    81.08%

    First Bank Of The Palm Beaches has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 74 $22,800,000 $308,108

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 2 $1,400,000 $700,000
    Single Family (1-4 Units):Site-Built 72 $21,400,000 $297,222

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    FIRST NATIONAL BANK OF OMAHA Home equity loan or line of credit (HELOC) Closing on a mortgage 1 50.0%
    FIRST NATIONAL BANK OF OMAHA Conventional home mortgage Struggling to pay mortgage 1 50.0%