Us Bank, N.a.

CINCINNATI, OH 45202

LEI: 6BYL5QZYBDK8S7L73M02

Tax ID: 31-0841368

2019 Data | 2018 Data


Overview

Us Bank, N.a. is a large mortgage company specializing in Home Purchase and Refi loans. Us Bank, N.a. has a high proportion of conventional loans. They have a low ratio of USDA loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets include Los Angeles, Minneapolis, Oakland, Anaheim, and Seattle among others. They have an average approval rate for mortages when compared nationally -- and they have a below average pick rate when compared to the same sample of other lendors. Us Bank, N.a. is typically a low fee lendor.


Originations

145,086

Origination Dollar Volume (All Markets)

$41,283,200,000

Product Mix

Loan Type Originations Total Value Average Loan
Conventional 139,681 $40,118,835,000 $287,218
VA 2,161 $577,075,000 $267,041
USDA 453 $55,775,000 $123,124
FHA 2,791 $531,515,000 $190,439

Conventional loans are assumed to be 20% downpayment and either fixed/adjustable rate. FHA loans start at 3.5% downpayment and are targeted towards first time homebuyers who will be owner-occupants. USDA loans target agrarian uses such as farms. VA loans are available to members of the military. FHA, USDA and VA loans are typically subsidized by the government so as to have more favorable terms for the borrower.

Loan Reason

Loan Reason Originations Total Value Average Loan
Home Purchase 46,182 $16,791,480,000 $363,594
Refi 37,913 $13,222,915,000 $348,770
Cash Out Refi 17,895 $6,412,105,000 $358,318
Other 29,549 $3,303,865,000 $111,810
Home Improvement 13,547 $1,552,835,000 $114,626

Home purchase and refinance loans are typically offered by even the most prudent banks. Cash out refi loans typically carry higher fees-- they allow homeowners to get loans against the equity (appreciated value) of their home, but can be used irresponsibly. Lendors with a high ratio of cash out refi loans may be exposed in the event of an economic downturn, and may be more aggressive with their fee schedules.

Top Markets

Market Originations Total Value Average Loan
Outside of Metro Areas 17,232 $3,223,110,000 $187,042
LOS ANGELES-LONG BEACH-GLENDALE, CA 5,399 $2,857,865,000 $529,332
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI 10,173 $2,091,655,000 $205,608
OAKLAND-BERKELEY-LIVERMORE, CA 2,907 $1,720,395,000 $591,811
ANAHEIM-SANTA ANA-IRVINE, CA 2,993 $1,701,935,000 $568,638
SEATTLE-BELLEVUE-KENT, WA 3,405 $1,522,465,000 $447,126
SAN DIEGO-CHULA VISTA-CARLSBAD, CA 2,828 $1,502,060,000 $531,139
SAN JOSE-SUNNYVALE-SANTA CLARA, CA 1,956 $1,473,320,000 $753,231
CHICAGO-NAPERVILLE-EVANSTON, IL 5,390 $1,441,720,000 $267,481
DENVER-AURORA-LAKEWOOD, CO 4,834 $1,412,900,000 $292,284
PHOENIX-MESA-CHANDLER, AZ 4,050 $1,304,910,000 $322,200
PORTLAND-VANCOUVER-HILLSBORO, OR-WA 4,384 $1,065,510,000 $243,045
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA 1,419 $1,051,645,000 $741,117
ST. LOUIS, MO-IL 4,211 $769,755,000 $182,796
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA 2,529 $651,335,000 $257,546
SACRAMENTO-ROSEVILLE-FOLSOM, CA 1,957 $637,845,000 $325,930
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV 1,299 $621,005,000 $478,064
LAS VEGAS-HENDERSON-PARADISE, NV 2,440 $534,040,000 $218,869
CINCINNATI, OH-KY-IN 3,367 $489,125,000 $145,270
NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN 2,339 $487,325,000 $208,348
CAMBRIDGE-NEWTON-FRAMINGHAM, MA 802 $436,230,000 $543,928
KANSAS CITY, MO-KS 2,254 $380,610,000 $168,860
BOSTON, MA 604 $358,430,000 $593,427
MILWAUKEE-WAUKESHA, WI 1,778 $329,690,000 $185,427
NEW YORK-JERSEY CITY-WHITE PLAINS, NY-NJ 698 $323,340,000 $463,238
BRIDGEPORT-STAMFORD-NORWALK, CT 438 $284,340,000 $649,178
BOISE CITY, ID 1,283 $251,545,000 $196,060
OMAHA-COUNCIL BLUFFS, NE-IA 1,590 $231,410,000 $145,541
SALT LAKE CITY, UT 905 $229,595,000 $253,696
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA 659 $224,085,000 $340,038
RENO, NV 786 $223,850,000 $284,796
OXNARD-THOUSAND OAKS-VENTURA, CA 488 $214,460,000 $439,467
COLUMBUS, OH 1,492 $210,740,000 $141,247
DES MOINES-WEST DES MOINES, IA 1,229 $205,955,000 $167,579
CLEVELAND-ELYRIA, OH 1,253 $196,405,000 $156,748
JACKSONVILLE, FL 648 $191,900,000 $296,142
STOCKTON, CA 553 $187,315,000 $338,725
TACOMA-LAKEWOOD, WA 748 $174,370,000 $233,115
COLORADO SPRINGS, CO 824 $173,770,000 $210,886
DALLAS-PLANO-IRVING, TX 330 $171,800,000 $520,606
NEWARK, NJ-PA 412 $166,680,000 $404,563
FREDERICK-GAITHERSBURG-ROCKVILLE, MD 307 $165,695,000 $539,723
SAN RAFAEL, CA 194 $157,450,000 $811,598
LAKE COUNTY-KENOSHA COUNTY, IL-WI 566 $156,770,000 $276,979
CHARLOTTE-CONCORD-GASTONIA, NC-SC 466 $152,020,000 $326,223
HOUSTON-THE WOODLANDS-SUGAR LAND, TX 338 $151,610,000 $448,550
LOUISVILLE/JEFFERSON COUNTY, KY-IN 1,091 $151,145,000 $138,538
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR 583 $149,545,000 $256,509
BEND, OR 477 $147,785,000 $309,822
MADISON, WI 676 $143,170,000 $211,790
BOULDER, CO 370 $140,540,000 $379,838
WARREN-TROY-FARMINGTON HILLS, MI 429 $138,155,000 $322,040
DULUTH, MN-WI 848 $137,290,000 $161,899
NASSAU COUNTY-SUFFOLK COUNTY, NY 290 $132,200,000 $455,862
NEW BRUNSWICK-LAKEWOOD, NJ 349 $131,015,000 $375,401
PALM BAY-MELBOURNE-TITUSVILLE, FL 451 $126,665,000 $280,854
SANTA CRUZ-WATSONVILLE, CA 240 $126,150,000 $525,625
SALEM, OR 671 $121,765,000 $181,468
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL 243 $114,665,000 $471,872
AUSTIN-ROUND ROCK-GEORGETOWN, TX 196 $112,900,000 $576,020
RALEIGH-CARY, NC 249 $112,505,000 $451,827
FORT COLLINS, CO 453 $107,535,000 $237,384
BALTIMORE-COLUMBIA-TOWSON, MD 296 $106,600,000 $360,135
FORT LAUDERDALE-POMPANO BEACH-SUNRISE, FL 230 $100,650,000 $437,609
OGDEN-CLEARFIELD, UT 458 $94,730,000 $206,834
EUGENE-SPRINGFIELD, OR 462 $93,930,000 $203,312
SPOKANE-SPOKANE VALLEY, WA 574 $92,570,000 $161,272
TUCSON, AZ 432 $88,850,000 $205,671
TAMPA-ST. PETERSBURG-CLEARWATER, FL 331 $88,555,000 $267,538
ELGIN, IL 477 $87,665,000 $183,784
NAPLES-MARCO ISLAND, FL 155 $87,375,000 $563,710
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL 128 $86,110,000 $672,734
SANTA ROSA-PETALUMA, CA 207 $84,915,000 $410,217
PROVO-OREM, UT 303 $83,655,000 $276,089
MONTGOMERY COUNTY-BUCKS COUNTY-CHESTER COUNTY, PA 247 $82,905,000 $335,648
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC 218 $82,630,000 $379,037
ROCHESTER, MN 394 $80,400,000 $204,061
GREELEY, CO 363 $77,035,000 $212,218
PITTSBURGH, PA 340 $73,380,000 $215,824
ORLANDO-KISSIMMEE-SANFORD, FL 282 $73,330,000 $260,035
BOWLING GREEN, KY 433 $72,455,000 $167,333
SIOUX FALLS, SD 413 $70,925,000 $171,731
DAYTON-KETTERING, OH 612 $70,490,000 $115,180
LINCOLN, NE 569 $70,025,000 $123,067
MIAMI-MIAMI BEACH-KENDALL, FL 151 $69,565,000 $460,695
YAKIMA, WA 186 $69,000,000 $370,968
COEUR D'ALENE, ID 337 $68,575,000 $203,487
ST. CLOUD, MN 373 $66,855,000 $179,236
INDIANAPOLIS-CARMEL-ANDERSON, IN 292 $65,360,000 $223,836
CHARLESTON-NORTH CHARLESTON, SC 99 $63,495,000 $641,364
PRESCOTT VALLEY-PRESCOTT, AZ 185 $62,945,000 $340,243
PROVIDENCE-WARWICK, RI-MA 213 $62,095,000 $291,526
ALBUQUERQUE, NM 355 $61,555,000 $173,394
SAN LUIS OBISPO-PASO ROBLES, CA 136 $61,320,000 $450,882
RICHMOND, VA 158 $61,290,000 $387,911
HARTFORD-EAST HARTFORD-MIDDLETOWN, CT 253 $60,655,000 $239,743
FARGO, ND-MN 282 $60,330,000 $213,936
KNOXVILLE, TN 384 $59,660,000 $155,365
COLUMBIA, MO 146 $58,770,000 $402,534
SPRINGFIELD, MO 426 $58,400,000 $137,089
CLARKSVILLE, TN-KY 340 $57,970,000 $170,500
NAPA, CA 107 $57,205,000 $534,626
CAPE CORAL-FORT MYERS, FL 184 $55,660,000 $302,500
BILLINGS, MT 225 $54,395,000 $241,756
MEDFORD, OR 233 $54,155,000 $232,425
VALLEJO, CA 198 $53,580,000 $270,606
BREMERTON-SILVERDALE-PORT ORCHARD, WA 175 $53,325,000 $304,714
DAVENPORT-MOLINE-ROCK ISLAND, IA-IL 426 $53,260,000 $125,023
SANTA MARIA-SANTA BARBARA, CA 91 $53,145,000 $584,011
CEDAR RAPIDS, IA 297 $52,095,000 $175,404
SALINAS, CA 101 $52,095,000 $515,792
LEXINGTON-FAYETTE, KY 271 $51,865,000 $191,384
CHARLOTTESVILLE, VA 156 $50,800,000 $325,641
EAU CLAIRE, WI 299 $50,135,000 $167,676
OKLAHOMA CITY, OK 244 $49,950,000 $204,713
ST. GEORGE, UT 135 $47,695,000 $353,296
GREEN BAY, WI 297 $47,075,000 $158,502
WORCESTER, MA-CT 140 $47,010,000 $335,786
AKRON, OH 437 $44,385,000 $101,568
NORTH PORT-SARASOTA-BRADENTON, FL 111 $43,235,000 $389,505
BELLINGHAM, WA 180 $41,060,000 $228,111
SANTA FE, NM 124 $39,960,000 $322,258
FOND DU LAC, WI 285 $39,065,000 $137,070
BAKERSFIELD, CA 144 $38,180,000 $265,139
FAYETTEVILLE-SPRINGDALE-ROGERS, AR 147 $37,185,000 $252,959
MOUNT VERNON-ANACORTES, WA 136 $36,660,000 $269,559
FORT WORTH-ARLINGTON-GRAPEVINE, TX 115 $36,475,000 $317,174
MODESTO, CA 182 $35,840,000 $196,923
APPLETON, WI 176 $34,880,000 $198,182
OWENSBORO, KY 300 $33,890,000 $112,967
REDDING, CA 158 $33,330,000 $210,949
CHICO, CA 170 $33,090,000 $194,647
RAPID CITY, SD 142 $33,030,000 $232,606
KENNEWICK-RICHLAND, WA 189 $32,795,000 $173,519
WAUSAU-WESTON, WI 216 $32,730,000 $151,528
SHEBOYGAN, WI 243 $32,665,000 $134,424
GREENVILLE-ANDERSON, SC 68 $32,580,000 $479,118
PUEBLO, CO 226 $32,510,000 $143,850
PHILADELPHIA, PA 87 $32,465,000 $373,161
IOWA CITY, IA 161 $32,015,000 $198,851
WATERLOO-CEDAR FALLS, IA 144 $30,600,000 $212,500
JOPLIN, MO 247 $29,695,000 $120,223
BIRMINGHAM-HOOVER, AL 90 $28,870,000 $320,778
WICHITA, KS 152 $28,790,000 $189,408
NEW HAVEN-MILFORD, CT 101 $28,535,000 $282,525
IDAHO FALLS, ID 142 $28,340,000 $199,577
ASHEVILLE, NC 68 $28,250,000 $415,441
GRAND JUNCTION, CO 173 $28,135,000 $162,630
FRESNO, CA 109 $27,215,000 $249,679
LAKE HAVASU CITY-KINGMAN, AZ 155 $27,105,000 $174,871
KAHULUI-WAILUKU-LAHAINA, HI 45 $26,855,000 $596,778
DURHAM-CHAPEL HILL, NC 104 $26,580,000 $255,577
OSHKOSH-NEENAH, WI 166 $26,190,000 $157,771
TOLEDO, OH 143 $26,005,000 $181,853
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL 113 $25,945,000 $229,602
MISSOULA, MT 125 $25,645,000 $205,160
PORT ST. LUCIE, FL 71 $25,135,000 $354,014
GARY, IN 140 $25,030,000 $178,786
MANKATO, MN 147 $25,025,000 $170,238
BARNSTABLE TOWN, MA 62 $24,430,000 $394,032
OLYMPIA-LACEY-TUMWATER, WA 109 $24,135,000 $221,422
URBAN HONOLULU, HI 46 $24,130,000 $524,565
AMES, IA 150 $24,110,000 $160,733
SALISBURY, MD-DE 62 $24,020,000 $387,419
MEMPHIS, TN-MS-AR 125 $23,935,000 $191,480
SAN ANTONIO-NEW BRAUNFELS, TX 75 $23,005,000 $306,733
WENATCHEE, WA 78 $22,880,000 $293,333
TULSA, OK 83 $22,165,000 $267,048
SPRINGFIELD, IL 160 $21,480,000 $134,250
HILTON HEAD ISLAND-BLUFFTON, SC 33 $21,435,000 $649,545
CAPE GIRARDEAU, MO-IL 167 $21,405,000 $128,174
DETROIT-DEARBORN-LIVONIA, MI 103 $20,985,000 $203,738
CARBONDALE-MARION, IL 170 $20,940,000 $123,176
TOPEKA, KS 184 $20,840,000 $113,261
ALBANY-LEBANON, OR 122 $19,960,000 $163,607
COLUMBIA, SC 70 $19,730,000 $281,857
ST. JOSEPH, MO-KS 185 $19,685,000 $106,405
LONGVIEW, WA 88 $19,590,000 $222,614
SIOUX CITY, IA-NE-SD 137 $18,805,000 $137,263
WEIRTON-STEUBENVILLE, WV-OH 218 $18,650,000 $85,550
ROCKFORD, IL 186 $18,260,000 $98,172
LAWRENCE, KS 128 $18,210,000 $142,266
BISMARCK, ND 94 $17,940,000 $190,851
RACINE, WI 119 $17,845,000 $149,958
CHEYENNE, WY 104 $17,580,000 $169,038
SEBASTIAN-VERO BEACH, FL 41 $17,535,000 $427,683
CORVALLIS, OR 77 $17,235,000 $223,831
LA CROSSE-ONALASKA, WI-MN 86 $17,010,000 $197,791
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC 74 $16,840,000 $227,568
FLAGSTAFF, AZ 41 $16,555,000 $403,780
TWIN FALLS, ID 95 $16,345,000 $172,053
CAMDEN, NJ 62 $15,730,000 $253,710
NEW ORLEANS-METAIRIE, LA 69 $15,585,000 $225,870
CARSON CITY, NV 103 $15,105,000 $146,650
PORTLAND-SOUTH PORTLAND, ME 65 $15,075,000 $231,923
MORRISTOWN, TN 115 $14,975,000 $130,217
YUBA CITY, CA 79 $14,825,000 $187,658
DUBUQUE, IA 107 $14,595,000 $136,402
CANTON-MASSILLON, OH 121 $14,375,000 $118,802
GRAND FORKS, ND-MN 87 $14,225,000 $163,506
LEWISTON, ID-WA 98 $14,220,000 $145,102
HOT SPRINGS, AR 125 $14,125,000 $113,000
ROCKINGHAM COUNTY-STRAFFORD COUNTY, NH 51 $13,505,000 $264,804
WILMINGTON, NC 45 $13,215,000 $293,667
ANN ARBOR, MI 56 $12,890,000 $230,179
GRAND RAPIDS-KENTWOOD, MI 49 $12,555,000 $256,224
TRENTON-PRINCETON, NJ 36 $12,400,000 $344,444
LOGAN, UT-ID 77 $12,385,000 $160,844
GREAT FALLS, MT 87 $11,955,000 $137,414
SAVANNAH, GA 49 $11,855,000 $241,939
HUNTINGTON-ASHLAND, WV-KY-OH 116 $11,180,000 $96,379
CHATTANOOGA, TN-GA 47 $10,895,000 $231,809
POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY 37 $10,895,000 $294,459
AUBURN-OPELIKA, AL 37 $10,445,000 $282,297
WILMINGTON, DE-MD-NJ 41 $10,115,000 $246,707
FORT SMITH, AR-OK 67 $9,815,000 $146,493
HUNTSVILLE, AL 37 $9,805,000 $265,000
MERCED, CA 46 $9,530,000 $207,174
PENSACOLA-FERRY PASS-BRENT, FL 52 $8,950,000 $172,115
HARRISBURG-CARLISLE, PA 37 $8,785,000 $237,432
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ 46 $8,700,000 $189,130
VISALIA, CA 34 $8,580,000 $252,353
AUGUSTA-RICHMOND COUNTY, GA-SC 47 $8,335,000 $177,340
MANCHESTER-NASHUA, NH 34 $8,310,000 $244,412
NILES, MI 23 $8,045,000 $349,783
TEXARKANA, TX-AR 8 $8,040,000 $1,005,000
PEORIA, IL 50 $7,930,000 $158,600
BLOOMINGTON, IL 45 $7,905,000 $175,667
MICHIGAN CITY-LA PORTE, IN 39 $7,875,000 $201,923
WINSTON-SALEM, NC 44 $7,770,000 $176,591
LAKELAND-WINTER HAVEN, FL 44 $7,640,000 $173,636
NORWICH-NEW LONDON, CT 31 $7,555,000 $243,710
MONROE, MI 37 $7,495,000 $202,568
WALLA WALLA, WA 42 $7,480,000 $178,095
HICKORY-LENOIR-MORGANTON, NC 36 $7,390,000 $205,278
ANCHORAGE, AK 24 $7,390,000 $307,917
GRANTS PASS, OR 43 $7,215,000 $167,791
OCEAN CITY, NJ 14 $7,190,000 $513,571
PUNTA GORDA, FL 30 $7,070,000 $235,667
MANSFIELD, OH 68 $6,800,000 $100,000
PANAMA CITY, FL 24 $6,710,000 $279,583
GREENSBORO-HIGH POINT, NC 42 $6,600,000 $157,143
CALIFORNIA-LEXINGTON PARK, MD 19 $6,565,000 $345,526
YOUNGSTOWN-WARREN-BOARDMAN, OH-PA 64 $6,530,000 $102,031
SPARTANBURG, SC 26 $6,440,000 $247,692
LYNCHBURG, VA 24 $6,310,000 $262,917
MCALLEN-EDINBURG-MISSION, TX 26 $6,230,000 $239,615
KILLEEN-TEMPLE, TX 31 $6,155,000 $198,548
DAPHNE-FAIRHOPE-FOLEY, AL 19 $6,125,000 $322,368
SOUTH BEND-MISHAWAKA, IN-MI 22 $6,040,000 $274,545
CASPER, WY 31 $5,965,000 $192,419
BATON ROUGE, LA 30 $5,920,000 $197,333
POCATELLO, ID 50 $5,810,000 $116,200
ROCHESTER, NY 36 $5,790,000 $160,833
HOMOSASSA SPRINGS, FL 22 $5,740,000 $260,909
ROANOKE, VA 25 $5,715,000 $228,600
JACKSON, MS 21 $5,685,000 $270,714
JANESVILLE-BELOIT, WI 54 $5,540,000 $102,593
EVANSVILLE, IN-KY 41 $5,525,000 $134,756
KINGSPORT-BRISTOL, TN-VA 51 $5,405,000 $105,980
JEFFERSON CITY, MO 40 $5,390,000 $134,750
HAGERSTOWN-MARTINSBURG, MD-WV 31 $5,285,000 $170,484
GAINESVILLE, GA 27 $5,275,000 $195,370
FLORENCE, SC 27 $5,205,000 $192,778
SPRINGFIELD, MA 21 $5,085,000 $242,143
OCALA, FL 32 $4,970,000 $155,313
CORPUS CHRISTI, TX 17 $4,965,000 $292,059
TUSCALOOSA, AL 16 $4,890,000 $305,625
SPRINGFIELD, OH 48 $4,880,000 $101,667
BLOOMINGTON, IN 12 $4,800,000 $400,000
SHREVEPORT-BOSSIER CITY, LA 18 $4,740,000 $263,333
ALEXANDRIA, LA 21 $4,705,000 $224,048
AMARILLO, TX 16 $4,610,000 $288,125
WILLIAMSPORT, PA 28 $4,530,000 $161,786
THE VILLAGES, FL 22 $4,520,000 $205,455
COLUMBUS, GA-AL 17 $4,465,000 $262,647
JACKSONVILLE, NC 16 $4,180,000 $261,250
BURLINGTON, NC 25 $4,125,000 $165,000
LAS CRUCES, NM 31 $4,075,000 $131,452
WINCHESTER, VA-WV 15 $4,075,000 $271,667
YORK-HANOVER, PA 24 $4,070,000 $169,583
BRUNSWICK, GA 7 $3,715,000 $530,714
CHAMPAIGN-URBANA, IL 22 $3,670,000 $166,818
STAUNTON, VA 13 $3,645,000 $280,385
BURLINGTON-SOUTH BURLINGTON, VT 12 $3,620,000 $301,667
GULFPORT-BILOXI, MS 19 $3,595,000 $189,211
EL PASO, TX 19 $3,575,000 $188,158
MONTGOMERY, AL 16 $3,550,000 $221,875
GLENS FALLS, NY 8 $3,460,000 $432,500
MIDLAND, TX 11 $3,445,000 $313,182
BUFFALO-CHEEKTOWAGA, NY 24 $3,440,000 $143,333
GRAND ISLAND, NE 35 $3,435,000 $98,143
SHERMAN-DENISON, TX 10 $3,290,000 $329,000
LUBBOCK, TX 12 $3,270,000 $272,500
TALLAHASSEE, FL 21 $3,165,000 $150,714
FAYETTEVILLE, NC 20 $3,160,000 $158,000
LIMA, OH 34 $3,100,000 $91,176
ELIZABETHTOWN-FORT KNOX, KY 19 $3,065,000 $161,316
MORGANTOWN, WV 9 $3,015,000 $335,000
FORT WAYNE, IN 25 $2,935,000 $117,400
JACKSON, MI 4 $2,900,000 $725,000
ATLANTIC CITY-HAMMONTON, NJ 11 $2,875,000 $261,364
COLLEGE STATION-BRYAN, TX 5 $2,805,000 $561,000
ATHENS-CLARKE COUNTY, GA 12 $2,760,000 $230,000
CLEVELAND, TN 23 $2,725,000 $118,478
SIERRA VISTA-DOUGLAS, AZ 21 $2,585,000 $123,095
HARRISONBURG, VA 8 $2,560,000 $320,000
BROWNSVILLE-HARLINGEN, TX 10 $2,560,000 $256,000
MADERA, CA 11 $2,495,000 $226,818
YUMA, AZ 17 $2,465,000 $145,000
MANHATTAN, KS 19 $2,405,000 $126,579
LAKE CHARLES, LA 10 $2,390,000 $239,000
ALBANY-SCHENECTADY-TROY, NY 10 $2,390,000 $239,000
LANCASTER, PA 13 $2,325,000 $178,846
WHEELING, WV-OH 18 $2,270,000 $126,111
ALTOONA, PA 11 $2,255,000 $205,000
GAINESVILLE, FL 16 $2,230,000 $139,375
LONGVIEW, TX 4 $2,080,000 $520,000
JACKSON, TN 13 $2,025,000 $155,769
PINE BLUFF, AR 21 $2,025,000 $96,429
WACO, TX 11 $1,995,000 $181,364
LAFAYETTE, LA 9 $1,985,000 $220,556
EAST STROUDSBURG, PA 10 $1,920,000 $192,000
BEAUMONT-PORT ARTHUR, TX 8 $1,910,000 $238,750
MOBILE, AL 9 $1,895,000 $210,556
KANKAKEE, IL 13 $1,875,000 $144,231
LANSING-EAST LANSING, MI 16 $1,830,000 $114,375
HANFORD-CORCORAN, CA 8 $1,790,000 $223,750
ODESSA, TX 4 $1,690,000 $422,500
FLINT, MI 17 $1,575,000 $92,647
SCRANTON--WILKES-BARRE, PA 10 $1,520,000 $152,000
LEWISTON-AUBURN, ME 9 $1,485,000 $165,000
SYRACUSE, NY 17 $1,435,000 $84,412
TYLER, TX 5 $1,395,000 $279,000
PITTSFIELD, MA 7 $1,395,000 $199,286
GETTYSBURG, PA 6 $1,390,000 $231,667
BLACKSBURG-CHRISTIANSBURG, VA 9 $1,375,000 $152,778
ELKHART-GOSHEN, IN 13 $1,365,000 $105,000
WARNER ROBINS, GA 6 $1,360,000 $226,667
JONESBORO, AR 12 $1,340,000 $111,667
GREENVILLE, NC 9 $1,335,000 $148,333
LAFAYETTE-WEST LAFAYETTE, IN 9 $1,285,000 $142,778
MONROE, LA 6 $1,270,000 $211,667
JOHNSON CITY, TN 9 $1,265,000 $140,556
EL CENTRO, CA 17 $1,235,000 $72,647
FLORENCE-MUSCLE SHOALS, AL 8 $1,190,000 $148,750
GOLDSBORO, NC 6 $1,170,000 $195,000
ROME, GA 5 $1,155,000 $231,000
KALAMAZOO-PORTAGE, MI 10 $1,090,000 $109,000
DECATUR, IL 12 $1,060,000 $88,333
DOVER, DE 5 $1,015,000 $203,000
READING, PA 6 $1,010,000 $168,333
LEBANON, PA 6 $1,000,000 $166,667
BAY CITY, MI 2 $990,000 $495,000
GADSDEN, AL 6 $960,000 $160,000
ERIE, PA 6 $960,000 $160,000
SUMTER, SC 6 $960,000 $160,000
CHAMBERSBURG-WAYNESBORO, PA 6 $900,000 $150,000
DECATUR, AL 4 $890,000 $222,500
ABILENE, TX 4 $890,000 $222,500
COLUMBUS, IN 3 $875,000 $291,667
SAN ANGELO, TX 5 $865,000 $173,000
KINGSTON, NY 3 $865,000 $288,333
ROCKY MOUNT, NC 5 $865,000 $173,000
SAGINAW, MI 6 $860,000 $143,333
BATTLE CREEK, MI 8 $860,000 $107,500
VICTORIA, TX 3 $855,000 $285,000
LAREDO, TX 7 $805,000 $115,000
HINESVILLE, GA 5 $785,000 $157,000
ALBANY, GA 6 $770,000 $128,333
BANGOR, ME 6 $760,000 $126,667
TERRE HAUTE, IN 7 $745,000 $106,429
DALTON, GA 3 $695,000 $231,667
SEBRING-AVON PARK, FL 8 $670,000 $83,750
NEW BERN, NC 4 $580,000 $145,000
VALDOSTA, GA 5 $565,000 $113,000
HAMMOND, LA 3 $555,000 $185,000
CHARLESTON, WV 8 $550,000 $68,750
FARMINGTON, NM 4 $520,000 $130,000
LAWTON, OK 5 $515,000 $103,000
CUMBERLAND, MD-WV 2 $510,000 $255,000
MACON-BIBB COUNTY, GA 5 $505,000 $101,000
STATE COLLEGE, PA 2 $500,000 $250,000
ITHACA, NY 2 $490,000 $245,000
KOKOMO, IN 4 $370,000 $92,500
MUNCIE, IN 7 $355,000 $50,714
MUSKEGON, MI 4 $350,000 $87,500
WICHITA FALLS, TX 3 $345,000 $115,000
ANNISTON-OXFORD, AL 3 $315,000 $105,000
HATTIESBURG, MS 4 $300,000 $75,000
WATERTOWN-FORT DRUM, NY 2 $260,000 $130,000
FAIRBANKS, AK 1 $255,000 $255,000
UTICA-ROME, NY 2 $220,000 $110,000
DANVILLE, IL 2 $180,000 $90,000
MIDLAND, MI 1 $155,000 $155,000
DOTHAN, AL 2 $150,000 $75,000
PARKERSBURG-VIENNA, WV 2 $90,000 $45,000
JOHNSTOWN, PA 1 $85,000 $85,000
VINELAND-BRIDGETON, NJ 1 $85,000 $85,000
ENID, OK 1 $75,000 $75,000
ELMIRA, NY 1 $75,000 $75,000
BINGHAMTON, NY 1 $55,000 $55,000

Lendors vary in competitiveness at the per market level-- meaning they may have better terms, deals or promotions based on the mortgaged property's location.

Interest Rate & Spreads

Loan Rate Originations Total Value Average Loan
<2.5% 119 $29,415,000 $247,185
2.5-3% 1,284 $1,328,250,000 $1,034,463
3-4% 49,943 $22,740,585,000 $455,331
4-5% 44,359 $11,422,005,000 $257,490
5-6% 28,283 $4,071,525,000 $143,957
6-7% 16,541 $1,453,685,000 $87,884
7-8% 4,482 $235,490,000 $52,541
Over 8% 75 $2,245,000 $29,933

Loan Sizing

Loan Size Originations Total Value Average Loan
$100,000 or less 43,645 $2,431,065,000 $55,701
$100k-200k 37,077 $5,303,425,000 $143,038
$200k-400k 32,278 $8,958,990,000 $277,557
$400k-600k 13,987 $6,924,465,000 $495,064
$600k-1000k 13,090 $9,889,410,000 $755,494
$Over $1MM 5,009 $7,775,845,000 $1,552,375

Different banks have different objectives. Some banks focus solely on high net worth individuals. Others focus on FHA loans for lower income applicants. Knowing what a bank specializes in allows better optimization given the applicant's financial situation.

LTV Distribution

Loan to Value Originations Total Value Average Loan
20-40% 24,102 $3,924,640,000 $162,835
40-60% 18,024 $6,028,000,000 $334,443
60-80% 40,776 $17,407,380,000 $426,903
80-100% 34,643 $11,829,765,000 $341,476
Over 100% 423 $115,835,000 $273,842
Under 20% 26,708 $1,861,600,000 $69,702

LTV, or loan-to-value, is the amount loaned relative to a home's value. Lower LTV lending implies a larger downpayment-- reducing risk to the lendor. FHA loans will nearly always have a higher LTV due to the lower downpayment requirements. Higher LTVs may also mean a bank is charging higher fees or interest rates to compensate for their risk exposure.

Applicant Income

Applicant Income Originations Total Value Average Loan
$100k-150k 28,765 $6,521,035,000 $226,700
$150k-250k 27,250 $10,071,290,000 $369,589
$50k-75k 24,466 $3,341,030,000 $136,558
$50k-or less 18,116 $1,915,820,000 $105,753
$75k-100k 20,371 $3,407,815,000 $167,288
$Over $250k 20,715 $14,047,725,000 $678,143

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan
White 110,198 $28,480,720,000 $258,450
Not provided 17,914 $5,753,880,000 $321,195
Asian 9,813 $4,544,795,000 $463,140
Not applicable 960 $916,160,000 $954,333
Black 3,708 $711,400,000 $191,855
Asian Indian 779 $440,065,000 $564,910
American Indian 692 $136,120,000 $196,705
Other Asian 216 $72,610,000 $336,157
Chinese 145 $71,835,000 $495,414
Filipino 162 $45,830,000 $282,901
Native Hawaiian 241 $42,615,000 $176,826
Korean 66 $23,810,000 $360,758
Vietnamese 80 $20,810,000 $260,125
Other Pacific Islander 68 $13,170,000 $193,676
Japanese 19 $6,055,000 $318,684
Native Hawiian 8 $1,360,000 $170,000
Guamanian 8 $980,000 $122,500
Samoan 1 $575,000 $575,000
8 $410,000 $51,250

Approval Rates

Total approvals of all applications
75.10%

A high approval rate means banks are more selective in who they market to or that they are loosey-goosey with who they lend to. Low approval rates may mean a lendor is more stringent in their lending standards.

Pick Rate

Approvals leading to origination
81.74%

A bank's pick rate is how often they are chosen by an applicant once approved. A high pick rate typically means the bank has some sort of advantage-- either the best terms (rates/fees), fastest closing time or even the best customer service. Banks with <75% pick rate may need further investigation as to why they are not more competitive.

Points and Fees

Points Originations Total Value Average Loan
NA 145,086 $41,283,200,000 $284,543

Origination Fees

Origination Fee Originations Total Value Average Loan
$<1k 59,526 $15,298,470,000 $257,005
$1k-2k 26,792 $13,364,660,000 $498,830
$2k-3k 5,232 $2,257,770,000 $431,531
$3k-4k 3,034 $1,567,240,000 $516,559
$5k+ 1,791 $1,249,775,000 $697,808

Banks make money on their float/interest spread (fees charged to borrowers vs fees they pay for their capital), for servicing loans, as well as charging origination fees when a loan is disbursed. Modern low-cost efficient lendors can have fees totaling less than $500 for many mortgages-- as low as $250 in some cases. Average lendors will be in the $1k-2k range and high cost lendors will be even more. The costs incurred by the bank will be similar no matter the loan amount, so this is to be viewed as a profit center for most banks.

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
Multifamily:Manufactured 13 $8,575,000 $659,615
Multifamily:Site-Built 659 $739,305,000 $1,121,859
Single Family (1-4 Units):Manufactured 1,484 $158,230,000 $106,624
Single Family (1-4 Units):Site-Built 142,930 $40,377,090,000 $282,496