Us Bank, N.a.

CINCINNATI, OH 45202

LEI: 6BYL5QZYBDK8S7L73M02

Tax ID: 31-0841368

2019 Data | 2018 Data


Jump to:

  • Originations
  • Product Mix
  • Loan Reason
  • Top Markets
  • Typical Rates
  • Loan Sizes
  • Loan to Value Info
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees
  • Dwelling Types

    • 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