Biscayne Bank Mortgage Rates, Fees & Info
Miami, FLLEI: 549300YNXVA8QNUX0B76
Tax ID: 20-2548364
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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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, Port St. Lucie, Atlanta, Orlando, and Naples among others. We have data for 5 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.
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Originations
70Origination Dollar Volume (All Markets)
$45,040,000Top 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) | 65 | $43,045,000 | $662,231 | $0 | 0.00% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 1 | $805,000 | $805,000 | $0 | 0.00% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 1 | $655,000 | $655,000 | $0 | 0.00% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $0 | 0.00% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 2 | $230,000 | $115,000 | $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.
Similarity Rank: 188
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 70 | $45,040,000 | $643,429 | $0 | 0.00% |
For 2019, Biscayne Bank's most frequently originated type of loan was Conventional, with 70 originations.
Loan Reason
For 2019, Biscayne Bank's most frequently cited loan purpose was Home Purchase, with 54 originations. The 2nd most popular reason was Refi, with 14 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 70 | $45,040,000 | $643,429 | $0 | 0.00% |
For 2019, Biscayne Bank's most frequently cited loan duration was Other, with 70 originations.
Loan Sizing
2019 saw Biscayne Bank place emphasis on $200k-400k loans with 21 originations, totaling $6,275,000 in origination value.
Applicant Income
Biscayne Bank lent most frequently to those with incomes in the $250k+ range, with 13 originations. The second most popular income band? $100k-150k, with 6 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 70 | $45,040,000 | $643,429 | $0 | 0.00% |
Biscayne Bank lent most frequently to those with DTI ratios of Exempt%, with 70 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications87.39%
Biscayne Bank has an average approval rate.
Pick Rate
Approvals leading to origination61.43%
Biscayne 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 |
|---|---|---|---|
| Exempt | 70 | $45,040,000 | $643,429 |