Suntrust Banks, Inc

ATLANTA, GA 30308

LEI: 7E1PDLW1JL6TS0BS1G03

Tax ID: 58-0466330

2019 Data *Active* | 2018 Data


Overview

Suntrust Banks, Inc is a large mortgage company specializing in Home Purchase loans. Suntrust Banks, Inc has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) They have a low ratio of USDA loans. Their top markets include Washington, Atlanta, Frederick, Baltimore, and Orlando among others. They have a below 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. Suntrust Banks, Inc is typically a low/ fee lendor.


Originations

51,419

Origination Dollar Volume (All Markets)

$14,414,255,000

Product Mix

Loan Type Originations Total Value Average Loan
Conventional 49,733 $13,741,805,000 $276,312
FHA 722 $395,000,000 $547,091
VA 880 $264,050,000 $300,057
USDA 84 $13,400,000 $159,524

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 15,879 $6,647,725,000 $418,649
Home Improvement 12,302 $1,136,190,000 $92,358
Other 10,492 $1,287,900,000 $122,751
Refi 6,375 $2,673,055,000 $419,303
Cash Out Refi 6,371 $2,669,385,000 $418,990

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
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV 4,451 $1,764,435,000 $396,413
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA 6,467 $1,549,385,000 $239,583
FREDERICK-GAITHERSBURG-ROCKVILLE, MD 1,797 $768,775,000 $427,810
BALTIMORE-COLUMBIA-TOWSON, MD 1,649 $599,685,000 $363,666
ORLANDO-KISSIMMEE-SANFORD, FL 2,257 $472,035,000 $209,143
Outside of Metro Areas 2,217 $459,865,000 $207,427
TAMPA-ST. PETERSBURG-CLEARWATER, FL 2,563 $450,465,000 $175,757
CHARLOTTE-CONCORD-GASTONIA, NC-SC 1,745 $446,825,000 $256,060
NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN 1,874 $423,370,000 $225,918
FORT LAUDERDALE-POMPANO BEACH-SUNRISE, FL 752 $343,320,000 $456,543
RICHMOND, VA 1,561 $295,235,000 $189,132
RALEIGH-CARY, NC 1,047 $252,445,000 $241,113
MIAMI-MIAMI BEACH-KENDALL, FL 667 $216,045,000 $323,906
CHARLESTON-NORTH CHARLESTON, SC 628 $213,270,000 $339,602
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC 867 $206,835,000 $238,564
HOUSTON-THE WOODLANDS-SUGAR LAND, TX 284 $194,950,000 $686,444
JACKSONVILLE, FL 730 $191,540,000 $262,384
LAS VEGAS-HENDERSON-PARADISE, NV 40 $189,840,000 $4,746,000
NEW YORK-JERSEY CITY-WHITE PLAINS, NY-NJ 39 $188,505,000 $4,833,462
DURHAM-CHAPEL HILL, NC 909 $182,295,000 $200,545
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL 682 $179,680,000 $263,460
DALLAS-PLANO-IRVING, TX 159 $174,625,000 $1,098,270
FORT WORTH-ARLINGTON-GRAPEVINE, TX 53 $172,125,000 $3,247,642
NORTH PORT-SARASOTA-BRADENTON, FL 809 $163,785,000 $202,454
CHATTANOOGA, TN-GA 817 $129,625,000 $158,660
CAPE CORAL-FORT MYERS, FL 526 $124,120,000 $235,970
DENVER-AURORA-LAKEWOOD, CO 120 $122,390,000 $1,019,917
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL 964 $120,850,000 $125,363
LOS ANGELES-LONG BEACH-GLENDALE, CA 215 $118,295,000 $550,209
MEMPHIS, TN-MS-AR 519 $115,745,000 $223,015
NAPLES-MARCO ISLAND, FL 223 $106,835,000 $479,081
ANAHEIM-SANTA ANA-IRVINE, CA 220 $100,240,000 $455,636
KNOXVILLE, TN 669 $97,725,000 $146,076
ASHEVILLE, NC 320 $92,040,000 $287,625
GREENVILLE-ANDERSON, SC 592 $85,750,000 $144,848
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL 115 $82,335,000 $715,957
CHICAGO-NAPERVILLE-EVANSTON, IL 70 $80,640,000 $1,152,000
GREENSBORO-HIGH POINT, NC 459 $77,775,000 $169,444
PALM BAY-MELBOURNE-TITUSVILLE, FL 498 $73,720,000 $148,032
ST. LOUIS, MO-IL 104 $70,800,000 $680,769
AUSTIN-ROUND ROCK-GEORGETOWN, TX 69 $69,415,000 $1,006,014
SAN DIEGO-CHULA VISTA-CARLSBAD, CA 164 $67,920,000 $414,146
KANSAS CITY, MO-KS 94 $64,800,000 $689,362
SALISBURY, MD-DE 223 $63,205,000 $283,430
WINSTON-SALEM, NC 384 $61,860,000 $161,094
INDIANAPOLIS-CARMEL-ANDERSON, IN 24 $55,310,000 $2,304,583
PHOENIX-MESA-CHANDLER, AZ 111 $54,615,000 $492,027
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC 146 $52,860,000 $362,055
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA 144 $52,540,000 $364,861
ROANOKE, VA 424 $52,280,000 $123,302
HILTON HEAD ISLAND-BLUFFTON, SC 219 $51,995,000 $237,420
CHARLOTTESVILLE, VA 233 $51,385,000 $220,536
LYNCHBURG, VA 164 $49,400,000 $301,220
SAVANNAH, GA 290 $49,310,000 $170,034
PORT ST. LUCIE, FL 312 $45,950,000 $147,276
GAINESVILLE, FL 229 $45,655,000 $199,367
AUGUSTA-RICHMOND COUNTY, GA-SC 244 $44,550,000 $182,582
FAYETTEVILLE-SPRINGDALE-ROGERS, AR 156 $44,390,000 $284,551
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI 85 $43,175,000 $507,941
SEATTLE-BELLEVUE-KENT, WA 82 $42,300,000 $515,854
WILMINGTON, NC 159 $41,765,000 $262,673
LAKELAND-WINTER HAVEN, FL 392 $41,540,000 $105,969
MILWAUKEE-WAUKESHA, WI 54 $40,830,000 $756,111
BOULDER, CO 28 $38,930,000 $1,390,357
COLUMBIA, SC 124 $37,100,000 $299,194
BIRMINGHAM-HOOVER, AL 117 $35,305,000 $301,752
OCALA, FL 345 $34,435,000 $99,812
PENSACOLA-FERRY PASS-BRENT, FL 140 $34,320,000 $245,143
SAN ANTONIO-NEW BRAUNFELS, TX 39 $32,255,000 $827,051
TALLAHASSEE, FL 180 $29,830,000 $165,722
MADISON, WI 10 $29,830,000 $2,983,000
PUNTA GORDA, FL 239 $29,175,000 $122,071
HOMOSASSA SPRINGS, FL 259 $28,895,000 $111,564
GAINESVILLE, GA 207 $28,195,000 $136,208
SACRAMENTO-ROSEVILLE-FOLSOM, CA 81 $23,625,000 $291,667
AUBURN-OPELIKA, AL 90 $23,160,000 $257,333
SAN JOSE-SUNNYVALE-SANTA CLARA, CA 42 $23,080,000 $549,524
OAKLAND-BERKELEY-LIVERMORE, CA 68 $22,210,000 $326,618
LAFAYETTE, LA 1 $21,895,000 $21,895,000
WICHITA, KS 19 $21,525,000 $1,132,895
HICKORY-LENOIR-MORGANTON, NC 130 $19,790,000 $152,231
SALT LAKE CITY, UT 46 $19,680,000 $427,826
MONTGOMERY COUNTY-BUCKS COUNTY-CHESTER COUNTY, PA 44 $19,630,000 $446,136
COLUMBUS, GA-AL 178 $19,530,000 $109,719
BRIDGEPORT-STAMFORD-NORWALK, CT 27 $19,225,000 $712,037
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA 28 $18,370,000 $656,071
SEBASTIAN-VERO BEACH, FL 118 $18,040,000 $152,881
BOSTON, MA 17 $16,875,000 $992,647
PHILADELPHIA, PA 15 $16,325,000 $1,088,333
BURLINGTON, NC 152 $15,780,000 $103,816
WARNER ROBINS, GA 124 $15,770,000 $127,177
PORTLAND-VANCOUVER-HILLSBORO, OR-WA 23 $15,705,000 $682,826
DES MOINES-WEST DES MOINES, IA 68 $15,440,000 $227,059
OXNARD-THOUSAND OAKS-VENTURA, CA 26 $15,000,000 $576,923
MACON-BIBB COUNTY, GA 142 $14,730,000 $103,732
THE VILLAGES, FL 121 $14,355,000 $118,636
NEW ORLEANS-METAIRIE, LA 36 $14,000,000 $388,889
PITTSBURGH, PA 47 $13,855,000 $294,787
LEXINGTON-FAYETTE, KY 15 $13,735,000 $915,667
BRUNSWICK, GA 80 $13,680,000 $171,000
ITHACA, NY 1 $13,315,000 $13,315,000
BOISE CITY, ID 21 $12,915,000 $615,000
ATHENS-CLARKE COUNTY, GA 98 $12,620,000 $128,776
FLORENCE, SC 50 $12,480,000 $249,600
SIOUX FALLS, SD 9 $12,395,000 $1,377,222
SPARTANBURG, SC 118 $12,070,000 $102,288
CAMBRIDGE-NEWTON-FRAMINGHAM, MA 24 $11,180,000 $465,833
FRESNO, CA 15 $11,105,000 $740,333
GOLDSBORO, NC 5 $10,865,000 $2,173,000
HARRISONBURG, VA 92 $10,440,000 $113,478
STOCKTON, CA 18 $10,090,000 $560,556
HAGERSTOWN-MARTINSBURG, MD-WV 46 $9,640,000 $209,565
BLACKSBURG-CHRISTIANSBURG, VA 77 $9,615,000 $124,870
ALBANY, GA 116 $9,160,000 $78,966
CINCINNATI, OH-KY-IN 29 $9,135,000 $315,000
ROME, GA 94 $8,520,000 $90,638
JOHNSON CITY, TN 86 $8,500,000 $98,837
PANAMA CITY, FL 48 $8,430,000 $175,625
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR 29 $8,425,000 $290,517
WILMINGTON, DE-MD-NJ 35 $8,275,000 $236,429
BEND, OR 1 $8,205,000 $8,205,000
NASSAU COUNTY-SUFFOLK COUNTY, NY 8 $8,040,000 $1,005,000
RENO, NV 8 $7,760,000 $970,000
WINCHESTER, VA-WV 39 $7,745,000 $198,590
GREENVILLE, NC 26 $7,660,000 $294,615
COLORADO SPRINGS, CO 24 $7,610,000 $317,083
NEWARK, NJ-PA 14 $7,390,000 $527,857
DAPHNE-FAIRHOPE-FOLEY, AL 28 $7,170,000 $256,071
YORK-HANOVER, PA 31 $7,115,000 $229,516
STAUNTON, VA 69 $7,105,000 $102,971
OKLAHOMA CITY, OK 33 $7,085,000 $214,697
MUSKEGON, MI 2 $6,970,000 $3,485,000
OMAHA-COUNCIL BLUFFS, NE-IA 21 $6,875,000 $327,381
MIDLAND, TX 14 $6,770,000 $483,571
KOKOMO, IN 1 $6,725,000 $6,725,000
LANSING-EAST LANSING, MI 2 $6,610,000 $3,305,000
FORT COLLINS, CO 18 $6,540,000 $363,333
SANTA ROSA-PETALUMA, CA 14 $6,530,000 $466,429
MORRISTOWN, TN 73 $6,525,000 $89,384
LUBBOCK, TX 37 $6,465,000 $174,730
SEBRING-AVON PARK, FL 61 $6,295,000 $103,197
CALIFORNIA-LEXINGTON PARK, MD 36 $6,290,000 $174,722
SAN LUIS OBISPO-PASO ROBLES, CA 14 $6,230,000 $445,000
GREELEY, CO 21 $6,225,000 $296,429
ELGIN, IL 18 $5,830,000 $323,889
SANTA FE, NM 11 $5,795,000 $526,818
MONTGOMERY, AL 27 $5,715,000 $211,667
HUNTSVILLE, AL 23 $5,555,000 $241,522
HARRISBURG-CARLISLE, PA 20 $5,500,000 $275,000
JACKSON, MS 15 $5,465,000 $364,333
ST. CLOUD, MN 21 $5,415,000 $257,857
FAYETTEVILLE, NC 47 $5,215,000 $110,957
CHEYENNE, WY 25 $5,215,000 $208,600
PROVO-OREM, UT 12 $5,190,000 $432,500
NEW BRUNSWICK-LAKEWOOD, NJ 14 $5,120,000 $365,714
CLEVELAND, TN 49 $5,035,000 $102,755
PORTLAND-SOUTH PORTLAND, ME 16 $5,010,000 $313,125
PROVIDENCE-WARWICK, RI-MA 22 $4,930,000 $224,091
FLORENCE-MUSCLE SHOALS, AL 52 $4,770,000 $91,731
SANTA MARIA-SANTA BARBARA, CA 9 $4,755,000 $528,333
BLOOMINGTON, IN 2 $4,570,000 $2,285,000
COLUMBUS, OH 12 $4,560,000 $380,000
KINGSPORT-BRISTOL, TN-VA 40 $4,520,000 $113,000
LAWRENCE, KS 20 $4,470,000 $223,500
LAFAYETTE-WEST LAFAYETTE, IN 2 $4,370,000 $2,185,000
SHREVEPORT-BOSSIER CITY, LA 12 $4,330,000 $360,833
GRAND RAPIDS-KENTWOOD, MI 9 $3,995,000 $443,889
JOHNSTOWN, PA 1 $3,985,000 $3,985,000
HARTFORD-EAST HARTFORD-MIDDLETOWN, CT 15 $3,965,000 $264,333
ALBUQUERQUE, NM 21 $3,945,000 $187,857
JACKSONVILLE, NC 14 $3,910,000 $279,286
LOUISVILLE/JEFFERSON COUNTY, KY-IN 16 $3,900,000 $243,750
BARNSTABLE TOWN, MA 4 $3,880,000 $970,000
GRAND JUNCTION, CO 9 $3,835,000 $426,111
LINCOLN, NE 18 $3,830,000 $212,778
OGDEN-CLEARFIELD, UT 10 $3,670,000 $367,000
CLEVELAND-ELYRIA, OH 14 $3,580,000 $255,714
SPRINGFIELD, IL 1 $3,575,000 $3,575,000
BELLINGHAM, WA 8 $3,570,000 $446,250
LAKE COUNTY-KENOSHA COUNTY, IL-WI 10 $3,270,000 $327,000
CLARKSVILLE, TN-KY 14 $3,130,000 $223,571
READING, PA 6 $2,990,000 $498,333
WARREN-TROY-FARMINGTON HILLS, MI 14 $2,970,000 $212,143
BATON ROUGE, LA 9 $2,945,000 $327,222
SALINAS, CA 4 $2,900,000 $725,000
WORCESTER, MA-CT 8 $2,880,000 $360,000
SANTA CRUZ-WATSONVILLE, CA 4 $2,880,000 $720,000
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ 11 $2,845,000 $258,636
DALTON, GA 28 $2,710,000 $96,786
MODESTO, CA 15 $2,675,000 $178,333
TACOMA-LAKEWOOD, WA 10 $2,660,000 $266,000
GETTYSBURG, PA 10 $2,620,000 $262,000
TULSA, OK 9 $2,485,000 $276,111
BILLINGS, MT 10 $2,480,000 $248,000
GADSDEN, AL 10 $2,480,000 $248,000
VALLEJO, CA 10 $2,440,000 $244,000
POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY 6 $2,280,000 $380,000
OLYMPIA-LACEY-TUMWATER, WA 6 $2,220,000 $370,000
ATLANTIC CITY-HAMMONTON, NJ 2 $2,160,000 $1,080,000
COEUR D'ALENE, ID 7 $2,145,000 $306,429
NEW HAVEN-MILFORD, CT 9 $2,135,000 $237,222
BAKERSFIELD, CA 5 $2,125,000 $425,000
VISALIA, CA 7 $2,125,000 $303,571
MOUNT VERNON-ANACORTES, WA 5 $2,115,000 $423,000
NEW BERN, NC 8 $2,070,000 $258,750
COLLEGE STATION-BRYAN, TX 4 $2,010,000 $502,500
CAMDEN, NJ 8 $2,010,000 $251,250
BISMARCK, ND 3 $1,955,000 $651,667
TEXARKANA, TX-AR 8 $1,930,000 $241,250
BREMERTON-SILVERDALE-PORT ORCHARD, WA 6 $1,910,000 $318,333
TWIN FALLS, ID 3 $1,905,000 $635,000
SUMTER, SC 10 $1,820,000 $182,000
EL PASO, TX 5 $1,805,000 $361,000
AMARILLO, TX 4 $1,760,000 $440,000
DOTHAN, AL 8 $1,680,000 $210,000
WENATCHEE, WA 3 $1,675,000 $558,333
KILLEEN-TEMPLE, TX 5 $1,625,000 $325,000
TYLER, TX 3 $1,565,000 $521,667
ST. GEORGE, UT 3 $1,545,000 $515,000
AMES, IA 5 $1,505,000 $301,000
CHICO, CA 7 $1,485,000 $212,143
MISSOULA, MT 7 $1,465,000 $209,286
SAN RAFAEL, CA 5 $1,405,000 $281,000
BUFFALO-CHEEKTOWAGA, NY 5 $1,335,000 $267,000
ROCHESTER, MN 2 $1,280,000 $640,000
RACINE, WI 4 $1,220,000 $305,000
WACO, TX 4 $1,220,000 $305,000
PRESCOTT VALLEY-PRESCOTT, AZ 4 $1,220,000 $305,000
GARY, IN 5 $1,205,000 $241,000
PUEBLO, CO 6 $1,200,000 $200,000
SPRINGFIELD, MA 6 $1,190,000 $198,333
DOVER, DE 4 $1,180,000 $295,000
ANNISTON-OXFORD, AL 6 $1,140,000 $190,000
GULFPORT-BILOXI, MS 6 $1,130,000 $188,333
CARSON CITY, NV 3 $1,105,000 $368,333
ROCKINGHAM COUNTY-STRAFFORD COUNTY, NH 5 $1,085,000 $217,000
OCEAN CITY, NJ 2 $1,080,000 $540,000
JACKSON, TN 7 $1,055,000 $150,714
NAPA, CA 3 $1,035,000 $345,000
LANCASTER, PA 5 $1,025,000 $205,000
FORT WAYNE, IN 5 $1,015,000 $203,000
ROCHESTER, NY 3 $1,005,000 $335,000
HUNTINGTON-ASHLAND, WV-KY-OH 9 $1,005,000 $111,667
DETROIT-DEARBORN-LIVONIA, MI 8 $990,000 $123,750
BECKLEY, WV 4 $970,000 $242,500
SPOKANE-SPOKANE VALLEY, WA 4 $970,000 $242,500
CHARLESTON, WV 7 $965,000 $137,857
TUSCALOOSA, AL 7 $955,000 $136,429
MANCHESTER-NASHUA, NH 4 $940,000 $235,000
MOBILE, AL 5 $915,000 $183,000
HATTIESBURG, MS 3 $855,000 $285,000
MCALLEN-EDINBURG-MISSION, TX 2 $850,000 $425,000
BOWLING GREEN, KY 4 $830,000 $207,500
MORGANTOWN, WV 5 $825,000 $165,000
ALEXANDRIA, LA 3 $805,000 $268,333
TRENTON-PRINCETON, NJ 3 $795,000 $265,000
MANHATTAN, KS 5 $785,000 $157,000
DULUTH, MN-WI 4 $750,000 $187,500
ROCKY MOUNT, NC 8 $740,000 $92,500
LONGVIEW, WA 2 $720,000 $360,000
VALDOSTA, GA 4 $710,000 $177,500
KENNEWICK-RICHLAND, WA 4 $690,000 $172,500
MADERA, CA 2 $680,000 $340,000
ANN ARBOR, MI 2 $680,000 $340,000
HOT SPRINGS, AR 2 $670,000 $335,000
LOGAN, UT-ID 2 $670,000 $335,000
DAYTON-KETTERING, OH 5 $665,000 $133,000
FARGO, ND-MN 3 $655,000 $218,333
SALEM, OR 1 $645,000 $645,000
ST. JOSEPH, MO-KS 5 $645,000 $129,000
MONROE, LA 2 $640,000 $320,000
PITTSFIELD, MA 3 $625,000 $208,333
AKRON, OH 3 $595,000 $198,333
FLINT, MI 3 $595,000 $198,333
TUCSON, AZ 1 $595,000 $595,000
LA CROSSE-ONALASKA, WI-MN 2 $590,000 $295,000
EVANSVILLE, IN-KY 4 $580,000 $145,000
JONESBORO, AR 8 $570,000 $71,250
DECATUR, AL 4 $570,000 $142,500
APPLETON, WI 3 $545,000 $181,667
DAVENPORT-MOLINE-ROCK ISLAND, IA-IL 5 $535,000 $107,000
HAMMOND, LA 3 $535,000 $178,333
CHAMPAIGN-URBANA, IL 2 $530,000 $265,000
PARKERSBURG-VIENNA, WV 5 $525,000 $105,000
ROCKFORD, IL 2 $520,000 $260,000
TOPEKA, KS 4 $520,000 $130,000
SCRANTON--WILKES-BARRE, PA 4 $510,000 $127,500
NORWICH-NEW LONDON, CT 2 $490,000 $245,000
TERRE HAUTE, IN 2 $490,000 $245,000
CUMBERLAND, MD-WV 6 $490,000 $81,667
CORPUS CHRISTI, TX 2 $480,000 $240,000
OWENSBORO, KY 1 $445,000 $445,000
HINESVILLE, GA 4 $440,000 $110,000
LEBANON, PA 3 $405,000 $135,000
VICTORIA, TX 1 $405,000 $405,000
FORT SMITH, AR-OK 4 $400,000 $100,000
MANSFIELD, OH 2 $390,000 $195,000
LEWISTON-AUBURN, ME 2 $390,000 $195,000
MERCED, CA 3 $385,000 $128,333
ENID, OK 2 $380,000 $190,000
SHERMAN-DENISON, TX 1 $375,000 $375,000
ALBANY-SCHENECTADY-TROY, NY 2 $370,000 $185,000
RAPID CITY, SD 1 $365,000 $365,000
CAPE GIRARDEAU, MO-IL 1 $365,000 $365,000
LAS CRUCES, NM 3 $355,000 $118,333
CHAMBERSBURG-WAYNESBORO, PA 2 $350,000 $175,000
SPRINGFIELD, MO 3 $345,000 $115,000
CANTON-MASSILLON, OH 2 $340,000 $170,000
NILES, MI 1 $325,000 $325,000
WHEELING, WV-OH 2 $320,000 $160,000
SOUTH BEND-MISHAWAKA, IN-MI 3 $315,000 $105,000
BROWNSVILLE-HARLINGEN, TX 2 $300,000 $150,000
SYRACUSE, NY 3 $295,000 $98,333
ALBANY-LEBANON, OR 1 $285,000 $285,000
JOPLIN, MO 3 $285,000 $95,000
CASPER, WY 2 $280,000 $140,000
GLENS FALLS, NY 1 $275,000 $275,000
YAKIMA, WA 1 $265,000 $265,000
WATERLOO-CEDAR FALLS, IA 2 $260,000 $130,000
EAST STROUDSBURG, PA 1 $255,000 $255,000
LAKE HAVASU CITY-KINGMAN, AZ 1 $255,000 $255,000
SAN ANGELO, TX 1 $245,000 $245,000
SIOUX CITY, IA-NE-SD 1 $245,000 $245,000
GRAND FORKS, ND-MN 2 $230,000 $115,000
LAWTON, OK 1 $225,000 $225,000
BURLINGTON-SOUTH BURLINGTON, VT 2 $220,000 $110,000
ABILENE, TX 2 $220,000 $110,000
FARMINGTON, NM 2 $220,000 $110,000
MONROE, MI 1 $205,000 $205,000
IDAHO FALLS, ID 1 $195,000 $195,000
LAKE CHARLES, LA 1 $195,000 $195,000
GREEN BAY, WI 1 $185,000 $185,000
FLAGSTAFF, AZ 1 $155,000 $155,000
POCATELLO, ID 1 $155,000 $155,000
YUBA CITY, CA 2 $150,000 $75,000
LEWISTON, ID-WA 1 $145,000 $145,000
TOLEDO, OH 1 $135,000 $135,000
SHEBOYGAN, WI 1 $125,000 $125,000
COLUMBIA, MO 1 $95,000 $95,000
LIMA, OH 1 $95,000 $95,000
LONGVIEW, TX 1 $95,000 $95,000
ERIE, PA 1 $75,000 $75,000
JACKSON, MI 1 $75,000 $75,000
SAGINAW, MI 1 $75,000 $75,000
ELKHART-GOSHEN, IN 1 $65,000 $65,000
BEAUMONT-PORT ARTHUR, TX 1 $65,000 $65,000
YOUNGSTOWN-WARREN-BOARDMAN, OH-PA 1 $45,000 $45,000
PEORIA, IL 1 $45,000 $45,000

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% 3 $2,875,000 $958,333
2.5-3% 371 $275,055,000 $741,388
3-4% 15,112 $7,245,550,000 $479,457
4-5% 10,333 $4,303,045,000 $416,437
5-6% 1,133 $249,715,000 $220,402
6-7% 60 $6,440,000 $107,333
7-8% 31 $1,775,000 $57,258
Over 8% 24,195 $2,312,435,000 $95,575

Loan Sizing

Loan Size Originations Total Value Average Loan
$100,000 or less 17,766 $914,000,000 $51,447
$100k-200k 12,219 $1,705,315,000 $139,563
$200k-400k 12,079 $3,376,045,000 $279,497
$400k-600k 5,147 $2,493,845,000 $484,524
$600k-1000k 3,272 $2,432,380,000 $743,392
$Over $1MM 936 $3,492,670,000 $3,731,485

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% 10,188 $1,283,070,000 $125,939
40-60% 6,436 $2,054,440,000 $319,211
60-80% 11,783 $5,611,505,000 $476,237
80-100% 11,947 $4,800,715,000 $401,834
Over 100% 142 $45,330,000 $319,225
Under 20% 10,919 $590,035,000 $54,037

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 10,596 $2,099,540,000 $198,145
$150k-250k 9,713 $2,936,135,000 $302,289
$50k-75k 9,060 $1,154,400,000 $127,417
$50k-or less 6,095 $533,675,000 $87,559
$75k-100k 7,650 $1,173,080,000 $153,344
$Over $250k 7,582 $4,073,450,000 $537,253

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan
White 37,888 $8,296,650,000 $218,978
Not applicable 120 $2,351,340,000 $19,594,500
Not provided 5,571 $1,740,435,000 $312,410
Asian 2,969 $1,042,795,000 $351,228
Black 3,593 $585,855,000 $163,055
Asian Indian 478 $196,340,000 $410,753
Other Asian 162 $47,380,000 $292,469
American Indian 223 $45,735,000 $205,090
Chinese 101 $38,245,000 $378,663
Korean 50 $17,050,000 $341,000
Filipino 66 $16,400,000 $248,485
Native Hawaiian 72 $11,380,000 $158,056
Vietnamese 50 $11,180,000 $223,600
Other Pacific Islander 46 $6,350,000 $138,043
Japanese 19 $5,785,000 $304,474
Samoan 4 $860,000 $215,000
Native Hawiian 4 $320,000 $80,000
Guamanian 3 $155,000 $51,667

Approval Rates

Total approvals of all applications
69.94%

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
76.14%

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 51,419 $14,414,255,000 $280,329

Origination Fees

Origination Fee Originations Total Value Average Loan
$<1k 17,915 $6,885,315,000 $384,332
$1k-2k 5,043 $1,567,975,000 $310,921
$2k-3k 1,116 $379,640,000 $340,179
$3k-4k 766 $304,710,000 $397,794
$5k+ 440 $275,070,000 $625,159

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 1 $3,575,000 $3,575,000
Multifamily:Site-Built 111 $2,345,455,000 $21,130,225
Single Family (1-4 Units):Manufactured 114 $10,610,000 $93,070
Single Family (1-4 Units):Site-Built 51,193 $12,054,615,000 $235,474