Desjardins Bank Mortgage Rates, Fees & Info

Hallandale Beach, FL

LEI: 549300U37SC1LBUJFV92

Tax ID: 65-0315279

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

Jump to:

Mortgage Data

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

    • Bank Data

  • Branches
  • Income
  • Loan Types
  • Deposit Mix
  • Loan Performance
  • Assets
  • Business Loans

    • Review & Overview

    Desjardins Bank is a smaller bank specializing in Home Purchase and Refi loans. Desjardins Bank has a high proportion of conventional loans. Their top markets by origination volume include: Miami, Tampa, Orlando, Cape Coral, and Port St. Lucie among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Desjardins Bank has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders.

    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.


    Originations

    81

    Origination Dollar Volume (All Markets)

    $24,175,000

    Employee count

    61

    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) 71 $22,565,000 $317,817 $4,144 5.01%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 5 $965,000 $193,000 $3,694 5.43%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 3 $425,000 $141,667 $3,326 5.50%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 1 $115,000 $115,000 $3,770 3.75%
    PORT ST. LUCIE, FL (FHA|USDA|VA) 1 $105,000 $105,000 $3,519 4.75%
    Desjardins Bank's top markets include Miami, Tampa, Orlando, Cape Coral, and Port St. Lucie among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 81 $24,175,000 $298,457 $4,066 5.03%

    For 2018, Desjardins Bank's most frequently originated type of loan was Conventional, with 81 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 65 $15,855,000 $243,923 $4,085 5.05%
    Refi 12 $6,490,000 $540,833 $3,994 4.86%
    Cash Out Refi 3 $1,675,000 $558,333 $0 5.42%
    Home Improvement 1 $155,000 $155,000 $3,768 4.88%

    For 2018, Desjardins Bank's most frequently cited loan purpose was Home Purchase, with 65 originations. The 2nd most popular reason was Refi, with 12 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 80 $24,080,000 $301,000 $4,073 5.03%
    15 Year 1 $95,000 $95,000 $3,734 4.88%

    For 2018, Desjardins Bank's most frequently cited loan duration was Other, with 80 originations. The 2nd most popular length was 15 Year, with 1 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 45 $11,425,000 $253,889

    Desjardins Bank's average total fees were $0, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 45 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 39 $11,985,000 $307,308
    5-6% 33 $10,455,000 $316,818
    3-4% 5 $785,000 $157,000
    6-7% 4 $950,000 $237,500

    During 2018, Desjardins Bank's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 4-5%, with 39 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 30 $4,190,000 $139,667 $3,410 4.89%
    $200k-400k 23 $6,805,000 $295,870 $4,410 5.14%
    $100,000 or less 14 $1,140,000 $81,429 $3,211 5.07%
    $400k-600k 7 $3,605,000 $515,000 $6,079 5.09%
    $600k-1MM 4 $2,730,000 $682,500 $5,728 5.25%
    $1MM+ 3 $5,705,000 $1,901,667 $16,257 5.04%

    2018 saw Desjardins Bank place emphasis on $100k-200k loans with 30 originations, totaling $4,190,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 16 $2,970,000 $185,625 $3,431 4.83%
    $150k-250k 14 $3,530,000 $252,143 $4,009 5.00%
    $250k+ 14 $4,730,000 $337,857 $4,752 5.05%
    $75k-100k 8 $880,000 $110,000 $3,326 4.84%
    $50k-75k 5 $425,000 $85,000 $3,268 4.85%
    $50k or less 1 $95,000 $95,000 $2,979 4.50%

    Desjardins Bank lent most frequently to those with incomes in the $100k-150k range, with 16 originations. The second most popular income band? $150k-250k, with 14 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 16 $3,060,000 $191,250 $3,888 4.55%
    <20% 14 $3,470,000 $247,857 $3,596 5.26%
    20-30% 14 $5,900,000 $421,429 $5,539 4.99%
    37% 6 $1,630,000 $271,667 $3,996 5.15%
    36% 4 $510,000 $127,500 $3,424 4.94%
    38% 3 $615,000 $205,000 $3,773 4.46%
    39% 1 $145,000 $145,000 $3,115 4.63%
    40% 1 $305,000 $305,000 $4,093 5.88%
    43% 1 $95,000 $95,000 $3,734 4.88%
    44% 1 $105,000 $105,000 $3,097 4.88%

    Desjardins Bank lent most frequently to those with DTI ratios of 30-36%, with 16 originations. The next most common DTI ratio? <20%, with 14 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 55 $12,375,000 $225,000 $3,809 4.92%
    Not applicable 21 $10,965,000 $522,143 $6,947 5.27%
    Black 2 $400,000 $200,000 $0 5.75%
    Asian 2 $290,000 $145,000 $3,439 5.06%
    American Indian 1 $145,000 $145,000 $3,535 4.50%

    Approval Rates

    Total approvals of all applications
    95.96%

    Desjardins 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
    95.06%

    Desjardins Bank has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 81 $24,175,000 $298,457

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 5 $3,475,000 $695,000
    Single Family (1-4 Units):Manufactured 1 $95,000 $95,000
    Single Family (1-4 Units):Site-Built 75 $20,605,000 $274,733

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 7 $2,035,000 $290,714 $3,160 5.18%
    40-60% 12 $3,250,000 $270,833 $3,359 5.06%
    60-80% 56 $17,760,000 $317,143 $4,241 5.03%
    80-100% 6 $1,130,000 $188,333 $4,152 4.83%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Desjardins Bank, National Association 1001 East Hallandale Beach Boulevard Hallandale, FL 33009 Full Service B&M $113,788
    Desjardins Bank, National Association 1070 Gateway Blvd Boynton Beach, FL 33426 Full Service B&M $4,486
    Desjardins Bank, National Association 2741 E. Atlantic Blvd. Pompano Beach, FL 33062 Full Service B&M $29,628
    Desjardins Bank, National Association 7329 W. Oakland Park Blvd. Lauderhill, FL 33319 Full Service B&M $20,951

    For 2018, Desjardins Bank had 4 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $8,826
    Net interest income $8,745
    Total noninterest income $2,109
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $1,046
    Trading account gains and fees $0
    Additional Noninterest Income $1,063
    Pre-tax net operating income $1,353
    Securities gains (or losses, -) $0
    Income before extraordinary items $1,006
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $1,006
    Minority interest net income $0
    Net income $1,006
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $1,006

    Desjardins Bank's gross interest income from loans was $8,826,000.
    Desjardins Bank's net interest income from loans was $8,745,000.
    Desjardins Bank's fee based income from loans was $1,046,000.
    Desjardins Bank's net income from loans was $1,006,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $81
    Provision for credit losses $0
    Total noninterest expense $9,501
    Salaries and employee benefits $4,834
    Premises and equipment expense $1,468
    Additional noninterest expense $3,199
    Applicable income taxes $347
    Net charge-offs $-88
    Cash dividends $0

    Desjardins Bank's interest expense for loans was $81,000.
    Desjardins Bank's payroll and benefits expense were $4,834,000.
    Desjardins Bank's property, plant and equipment expenses $1,468,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 0.0%
    Real Estate loans 0.0%
    Construction & Land Development loans 0.0%
    Nonfarm, nonresidential loans 0.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 0.0%
    HELOC loans 0.0%
    All other family 0.0%
    Commercial & industrial loans 0.0%
    Personal loans 0.0%
    Credit card loans 0.0%
    Other individual loans 0.0%
    Auto loans 0.0%
    Other consumer loans 0.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $182,475
    Deposits held in domestic offices $182,475
    Deposits by Individuals, partnerships, and corporations $173,081
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $0
    Deposits by Commercial banks and other depository institutions in U.S. $6,516
    Deposits by Banks in foreign countries $2,878
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $169,122
    Demand deposits $163,494
    Nontransaction accounts $13,353
    Money market deposit accounts (MMDAs) $5,010
    Other savings deposits (excluding MMDAs) $2,643
    Total time deposits $5,700
    Total time and savings deposits $18,981
    Noninterest-bearing deposits $157,201
    Interest-bearing deposits $25,274
    Retail deposits $180,765
    IRAs and Keogh plan accounts $0
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $215,021
    Cash & Balances due from depository institutions $31,531
    Interest-bearing balances $26,482
    Total securities $19,812
    Federal funds sold & reverse repurchase $0
    Net loans and leases $160,686
    Loan and leases loss allowance $2,305
    Trading account assets $0
    Bank premises and fixed assets $715
    Other real estate owned $0
    Goodwill and other intangibles $0
    All other assets $2,277

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $215,021
    Total Liabilities $184,193
    Total deposits $182,475
    Interest-bearing deposits $25,274
    Deposits held in domestic offices $182,475
    % insured (estimated) $81
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $1,718

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $160,686
    Loan and leases loss allowance $2,305
    Total loans and leases (domestic) $162,991
    All real estate loans $147,825
    Real estate loans in domestic offices $147,825
    Construction and development loans $0
    Residential 1-4 family construction $0
    Other construction, all land development and other land $0
    Loans secured by nonfarm nonresidential properties $2,661
    Nonfarm nonresidential secured by owner-occupied properties $0
    Commercial real estate & other non-farm, non-residential $2,661
    Multifamily residential real estate $6,724
    1-4 family residential loans $138,440
    Farmland loans $0
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $4,186
    To non-U.S. addressees $0
    Loans to individuals $10,898
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $0
    Other loans to individuals $10,898
    All other loans & leases $82
    Loans to foreign governments and official institutions $0
    Other loans $82
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $0
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $757
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    Desjardins Bank had $160,686,000 of loans outstanding in 2018. $147,825,000 of loans were in real estate loans. $0 of loans were in development loans. $6,724,000 of loans were in multifamily mortgage loans. $138,440,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $0 of loans were in the auto loan category.

    Small Business Loans

    Categorization # of Loans in Category $ amount of loans (in 000's) Average $/loan
    Nonfarm, nonresidential loans - <$1MM 6 $2,660 $443,333
    Nonfarm, nonresidential loans - $100-250k 1 $178 $178,000
    Nonfarm, nonresidential loans - $250k-1MM 5 $2,482 $496,400
    Commercial & Industrial, US addressed loans - <$1MM 26 $1,375 $52,885
    Commercial & Industrial, US addressed loans - <$100k 14 $225 $16,071
    Commercial & Industrial, US addressed loans - $100-250k 6 $262 $43,667
    Commercial & Industrial, US addressed loans - $250k-1MM 6 $888 $148,000