Biscayne Bank Mortgage Rates, Fees & Info
Miami, FLLEI: 549300YNXVA8QNUX0B76
Tax ID: 20-2548364
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Mortgage Data
Review & Overview
Biscayne Bank is a smaller bank specializing in Home Purchase and Refi loans. Biscayne Bank has a high proportion of conventional loans. Their top markets by origination volume include: Miami, Tampa, and Palm Bay among others. We have data for 3 markets. (Some data included below & more in-depth data is available with an active subscription.)Biscayne Bank 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. Biscayne 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 about average rates.
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Originations
121Origination Dollar Volume (All Markets)
$79,135,000Top 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) | 118 | $78,330,000 | $663,814 | $10,189 | 4.94% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 2 | $530,000 | $265,000 | $0 | 5.00% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $0 | 0.00% |
Similar Lenders
We use machine learning to identify the top lenders compared against Biscayne Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 121 | $79,135,000 | $654,008 | $10,189 | 4.94% |
For 2018, Biscayne Bank's most frequently originated type of loan was Conventional, with 121 originations.
Loan Reason
For 2018, Biscayne Bank's most frequently cited loan purpose was Home Purchase, with 93 originations. The 2nd most popular reason was Refi, with 27 originations.
Loan Duration/Length
For 2018, Biscayne Bank's most frequently cited loan duration was Other, with 58 originations. The 2nd most popular length was 30 Year, with 54 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $1k-2k | 16 | $14,430,000 | $901,875 |
| $<1k | 3 | $1,455,000 | $485,000 |
| $5k+ | 1 | $1,185,000 | $1,185,000 |
Biscayne Bank's average total fees were $10,189, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 16 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 4-5% | 41 | $33,775,000 | $823,780 |
| 5-6% | 21 | $7,705,000 | $366,905 |
| 6-7% | 1 | $805,000 | $805,000 |
During 2018, Biscayne Bank's average interest rate for loans was 4.91%, while their most frequently originated rate bucket for loans was 4-5%, with 41 originations.
Loan Sizing
2018 saw Biscayne Bank place emphasis on $200k-400k loans with 44 originations, totaling $12,440,000 in origination value.
Applicant Income
Biscayne Bank lent most frequently to those with incomes in the $250k+ range, with 22 originations. The second most popular income band? $150k-250k, with 13 originations.
Applicant Debt to Income Ratio
Biscayne Bank lent most frequently to those with DTI ratios of Exempt%, with 24 originations. The next most common DTI ratio? 20-30%, with 6 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications84.71%
Biscayne Bank has a below average approval rate.
Pick Rate
Approvals leading to origination81.82%
Biscayne Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 22 | $16,450,000 | $747,727 |
| NA | 99 | $62,685,000 | $633,182 |