Jpmorgan Chase Bank, Na

Columbus, OH 43240

LEI: 7H6GLXDRUGQFU57RNE97

Tax ID: 13-4994650

2019 Data *Active* | 2018 Data


Overview

Jpmorgan Chase Bank, Na is a large mortgage company specializing in Home Purchase, Refi, and Cash Out Refi loans. Jpmorgan Chase Bank, Na 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, New York, Chicago, San Diego, and Anaheim 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. Jpmorgan Chase Bank, Na is typically a low/ medium-low/ fee lendor.


Originations

202,926

Origination Dollar Volume (All Markets)

$87,759,040,000

Product Mix

Loan Type Originations Total Value Average Loan
Conventional 201,432 $87,399,050,000 $433,889
VA 843 $236,225,000 $280,219
USDA 16 $1,660,000 $103,750
FHA 635 $122,105,000 $192,291

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 79,184 $39,572,800,000 $499,758
Refi 41,666 $21,500,880,000 $516,029
Cash Out Refi 54,808 $22,698,310,000 $414,142
Home Improvement 16,076 $1,622,720,000 $100,941
Other 11,192 $2,364,330,000 $211,252

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
LOS ANGELES-LONG BEACH-GLENDALE, CA 12,605 $12,646,145,000 $1,003,264
NEW YORK-JERSEY CITY-WHITE PLAINS, NY-NJ 12,935 $9,354,735,000 $723,211
CHICAGO-NAPERVILLE-EVANSTON, IL 14,930 $5,457,580,000 $365,545
SAN DIEGO-CHULA VISTA-CARLSBAD, CA 4,297 $2,965,575,000 $690,150
ANAHEIM-SANTA ANA-IRVINE, CA 3,835 $2,945,635,000 $768,093
OAKLAND-BERKELEY-LIVERMORE, CA 4,096 $2,923,180,000 $713,667
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA 2,433 $2,725,075,000 $1,120,047
Outside of Metro Areas 8,567 $2,662,985,000 $310,842
SAN JOSE-SUNNYVALE-SANTA CLARA, CA 2,662 $2,562,460,000 $962,607
NASSAU COUNTY-SUFFOLK COUNTY, NY 5,033 $2,321,575,000 $461,271
SEATTLE-BELLEVUE-KENT, WA 3,550 $2,147,730,000 $604,994
PHOENIX-MESA-CHANDLER, AZ 7,924 $1,967,790,000 $248,333
HOUSTON-THE WOODLANDS-SUGAR LAND, TX 6,193 $1,745,775,000 $281,895
DALLAS-PLANO-IRVING, TX 5,266 $1,738,530,000 $330,142
DENVER-AURORA-LAKEWOOD, CO 3,708 $1,638,640,000 $441,920
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA 3,150 $1,136,640,000 $360,838
WARREN-TROY-FARMINGTON HILLS, MI 4,873 $1,080,475,000 $221,727
SACRAMENTO-ROSEVILLE-FOLSOM, CA 1,960 $1,059,890,000 $540,760
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV 1,664 $983,030,000 $590,763
AUSTIN-ROUND ROCK-GEORGETOWN, TX 2,390 $928,300,000 $388,410
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA 3,052 $883,820,000 $289,587
PORTLAND-VANCOUVER-HILLSBORO, OR-WA 2,239 $874,835,000 $390,726
COLUMBUS, OH 3,687 $832,335,000 $225,749
BRIDGEPORT-STAMFORD-NORWALK, CT 1,275 $773,185,000 $606,420
NEWARK, NJ-PA 2,036 $733,260,000 $360,147
NEW BRUNSWICK-LAKEWOOD, NJ 2,132 $731,360,000 $343,039
MIAMI-MIAMI BEACH-KENDALL, FL 1,481 $666,315,000 $449,909
FORT WORTH-ARLINGTON-GRAPEVINE, TX 2,530 $664,430,000 $262,621
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI 948 $640,850,000 $676,002
INDIANAPOLIS-CARMEL-ANDERSON, IN 2,816 $527,430,000 $187,298
BOSTON, MA 762 $527,170,000 $691,824
SOUTH BEND-MISHAWAKA, IN-MI 171 $512,415,000 $2,996,579
LAKE COUNTY-KENOSHA COUNTY, IL-WI 1,558 $484,710,000 $311,110
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL 1,309 $465,285,000 $355,451
ORLANDO-KISSIMMEE-SANFORD, FL 1,790 $463,740,000 $259,073
OXNARD-THOUSAND OAKS-VENTURA, CA 870 $458,370,000 $526,862
LAS VEGAS-HENDERSON-PARADISE, NV 1,724 $456,430,000 $264,751
TAMPA-ST. PETERSBURG-CLEARWATER, FL 1,858 $452,980,000 $243,800
FORT LAUDERDALE-POMPANO BEACH-SUNRISE, FL 1,360 $437,200,000 $321,471
CAMBRIDGE-NEWTON-FRAMINGHAM, MA 693 $424,475,000 $612,518
SAN RAFAEL, CA 415 $413,705,000 $996,880
NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN 848 $386,510,000 $455,790
SANTA MARIA-SANTA BARBARA, CA 328 $321,730,000 $980,884
BOULDER, CO 629 $306,205,000 $486,812
MILWAUKEE-WAUKESHA, WI 1,044 $283,760,000 $271,801
CLEVELAND-ELYRIA, OH 1,623 $281,805,000 $173,632
CHARLOTTE-CONCORD-GASTONIA, NC-SC 812 $279,530,000 $344,249
SAN ANTONIO-NEW BRAUNFELS, TX 1,205 $277,445,000 $230,245
DETROIT-DEARBORN-LIVONIA, MI 1,441 $277,335,000 $192,460
MONTGOMERY COUNTY-BUCKS COUNTY-CHESTER COUNTY, PA 706 $251,350,000 $356,020
SALINAS, CA 362 $245,070,000 $676,989
SALT LAKE CITY, UT 777 $242,665,000 $312,310
ELGIN, IL 1,230 $238,850,000 $194,187
FREDERICK-GAITHERSBURG-ROCKVILLE, MD 452 $238,250,000 $527,102
NEW ORLEANS-METAIRIE, LA 1,040 $234,960,000 $225,923
NAPLES-MARCO ISLAND, FL 408 $209,060,000 $512,402
SANTA ROSA-PETALUMA, CA 341 $208,295,000 $610,836
NORTH PORT-SARASOTA-BRADENTON, FL 764 $198,600,000 $259,948
LOUISVILLE/JEFFERSON COUNTY, KY-IN 1,152 $198,560,000 $172,361
JACKSONVILLE, FL 707 $194,005,000 $274,406
CINCINNATI, OH-KY-IN 1,021 $193,735,000 $189,750
TUCSON, AZ 969 $188,145,000 $194,164
BALTIMORE-COLUMBIA-TOWSON, MD 549 $179,425,000 $326,821
ST. LOUIS, MO-IL 606 $171,820,000 $283,531
GRAND RAPIDS-KENTWOOD, MI 935 $162,485,000 $173,781
RALEIGH-CARY, NC 500 $152,660,000 $305,320
GARY, IN 950 $151,530,000 $159,505
TACOMA-LAKEWOOD, WA 502 $149,020,000 $296,853
SANTA CRUZ-WATSONVILLE, CA 263 $146,225,000 $555,989
FORT COLLINS, CO 474 $141,590,000 $298,713
PHILADELPHIA, PA 474 $141,250,000 $297,996
STOCKTON, CA 434 $132,610,000 $305,553
BOISE CITY, ID 521 $132,445,000 $254,213
POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY 560 $129,790,000 $231,768
SAN LUIS OBISPO-PASO ROBLES, CA 269 $129,285,000 $480,613
ANN ARBOR, MI 477 $120,985,000 $253,637
AKRON, OH 754 $118,810,000 $157,573
VALLEJO, CA 341 $113,455,000 $332,713
RENO, NV 307 $112,885,000 $367,704
SALEM, OR 291 $112,675,000 $387,199
CAPE CORAL-FORT MYERS, FL 440 $112,250,000 $255,114
BATON ROUGE, LA 495 $112,205,000 $226,677
LEXINGTON-FAYETTE, KY 580 $104,350,000 $179,914
MODESTO, CA 438 $102,610,000 $234,269
PALM BAY-MELBOURNE-TITUSVILLE, FL 493 $99,465,000 $201,755
PROVIDENCE-WARWICK, RI-MA 245 $95,485,000 $389,735
CHARLESTON-NORTH CHARLESTON, SC 177 $93,985,000 $530,989
OKLAHOMA CITY, OK 466 $93,580,000 $200,815
GREELEY, CO 367 $91,085,000 $248,188
PORT ST. LUCIE, FL 383 $89,625,000 $234,008
KANSAS CITY, MO-KS 364 $88,400,000 $242,857
PROVO-OREM, UT 266 $87,330,000 $328,308
PRESCOTT VALLEY-PRESCOTT, AZ 369 $86,965,000 $235,678
WILMINGTON, DE-MD-NJ 335 $85,295,000 $254,612
COLORADO SPRINGS, CO 343 $84,975,000 $247,741
FRESNO, CA 345 $83,215,000 $241,203
SPOKANE-SPOKANE VALLEY, WA 403 $82,965,000 $205,868
NAPA, CA 135 $81,595,000 $604,407
TUSCALOOSA, AL 31 $80,355,000 $2,592,097
OGDEN-CLEARFIELD, UT 299 $79,195,000 $264,866
DAYTON-KETTERING, OH 490 $70,860,000 $144,612
PITTSBURGH, PA 326 $70,840,000 $217,301
RICHMOND, VA 250 $70,620,000 $282,480
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC 251 $65,185,000 $259,701
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL 97 $64,735,000 $667,371
FORT WAYNE, IN 447 $62,575,000 $139,989
CANTON-MASSILLON, OH 485 $61,475,000 $126,753
BEND, OR 206 $59,950,000 $291,019
MADISON, WI 218 $58,010,000 $266,101
BREMERTON-SILVERDALE-PORT ORCHARD, WA 202 $57,840,000 $286,337
ROCHESTER, NY 396 $57,630,000 $145,530
NEW HAVEN-MILFORD, CT 241 $57,315,000 $237,822
MEMPHIS, TN-MS-AR 205 $55,245,000 $269,488
TRENTON-PRINCETON, NJ 164 $54,990,000 $335,305
HARTFORD-EAST HARTFORD-MIDDLETOWN, CT 205 $54,425,000 $265,488
BARNSTABLE TOWN, MA 101 $54,125,000 $535,891
BAKERSFIELD, CA 251 $54,095,000 $215,518
DURHAM-CHAPEL HILL, NC 206 $53,450,000 $259,466
ALBUQUERQUE, NM 220 $52,970,000 $240,773
EUGENE-SPRINGFIELD, OR 120 $52,940,000 $441,167
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL 296 $52,900,000 $178,716
TULSA, OK 223 $51,335,000 $230,202
FLINT, MI 397 $50,535,000 $127,292
SALISBURY, MD-DE 148 $49,980,000 $337,703
OCEAN CITY, NJ 83 $49,135,000 $591,988
PORTLAND-SOUTH PORTLAND, ME 121 $46,935,000 $387,893
LAFAYETTE, LA 259 $46,845,000 $180,869
LAKE HAVASU CITY-KINGMAN, AZ 241 $44,375,000 $184,129
BELLINGHAM, WA 125 $43,755,000 $350,040
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC 181 $43,405,000 $239,807
LANSING-EAST LANSING, MI 263 $43,245,000 $164,430
CAMDEN, NJ 211 $43,185,000 $204,668
FLAGSTAFF, AZ 131 $41,235,000 $314,771
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ 215 $40,925,000 $190,349
HILTON HEAD ISLAND-BLUFFTON, SC 90 $40,220,000 $446,889
MIDLAND, TX 134 $40,200,000 $300,000
KNOXVILLE, TN 154 $39,850,000 $258,766
NILES, MI 147 $39,415,000 $268,129
SANTA FE, NM 76 $38,080,000 $501,053
COLLEGE STATION-BRYAN, TX 160 $37,520,000 $234,500
GREENVILLE-ANDERSON, SC 140 $37,320,000 $266,571
KAHULUI-WAILUKU-LAHAINA, HI 31 $37,055,000 $1,195,323
KENNEWICK-RICHLAND, WA 176 $37,050,000 $210,511
ASHEVILLE, NC 129 $36,435,000 $282,442
HOUMA-THIBODAUX, LA 243 $36,435,000 $149,938
YUBA CITY, CA 83 $35,875,000 $432,229
WORCESTER, MA-CT 128 $35,650,000 $278,516
OLYMPIA-LACEY-TUMWATER, WA 134 $34,910,000 $260,522
BIRMINGHAM-HOOVER, AL 132 $34,810,000 $263,712
ROCKINGHAM COUNTY-STRAFFORD COUNTY, NH 128 $32,540,000 $254,219
COEUR D'ALENE, ID 100 $31,670,000 $316,700
URBAN HONOLULU, HI 43 $31,425,000 $730,814
SEBASTIAN-VERO BEACH, FL 106 $31,220,000 $294,528
YOUNGSTOWN-WARREN-BOARDMAN, OH-PA 289 $31,015,000 $107,318
LAKELAND-WINTER HAVEN, FL 184 $30,970,000 $168,315
MERCED, CA 161 $30,915,000 $192,019
GREENSBORO-HIGH POINT, NC 135 $30,785,000 $228,037
WILMINGTON, NC 99 $29,845,000 $301,465
CHICO, CA 123 $29,605,000 $240,691
CHATTANOOGA, TN-GA 123 $29,375,000 $238,821
MEDFORD, OR 123 $28,145,000 $228,821
LAKE CHARLES, LA 167 $28,075,000 $168,114
MANCHESTER-NASHUA, NH 107 $27,585,000 $257,804
TOLEDO, OH 139 $26,555,000 $191,043
DAPHNE-FAIRHOPE-FOLEY, AL 61 $25,955,000 $425,492
KINGSTON, NY 86 $25,860,000 $300,698
PUNTA GORDA, FL 120 $25,750,000 $214,583
ST. GEORGE, UT 110 $25,560,000 $232,364
VISALIA, CA 140 $25,280,000 $180,571
GREEN BAY, WI 153 $25,085,000 $163,954
BEAUMONT-PORT ARTHUR, TX 129 $24,665,000 $191,202
BLOOMINGTON, IN 151 $23,855,000 $157,980
OCALA, FL 141 $23,525,000 $166,844
FAYETTEVILLE-SPRINGDALE-ROGERS, AR 98 $23,300,000 $237,755
OMAHA-COUNCIL BLUFFS, NE-IA 91 $22,915,000 $251,813
ELKHART-GOSHEN, IN 179 $22,665,000 $126,620
WENATCHEE, WA 72 $22,500,000 $312,500
EL PASO, TX 177 $22,345,000 $126,243
LAFAYETTE-WEST LAFAYETTE, IN 141 $21,865,000 $155,071
LAWRENCE, KS 9 $21,565,000 $2,396,111
CHARLOTTESVILLE, VA 48 $21,270,000 $443,125
BRUNSWICK, GA 33 $20,865,000 $632,273
HUNTINGTON-ASHLAND, WV-KY-OH 126 $20,580,000 $163,333
MOUNT VERNON-ANACORTES, WA 76 $20,340,000 $267,632
CHAMPAIGN-URBANA, IL 118 $20,300,000 $172,034
ROCKFORD, IL 175 $20,185,000 $115,343
PENSACOLA-FERRY PASS-BRENT, FL 77 $19,905,000 $258,506
RACINE, WI 136 $19,820,000 $145,735
THE VILLAGES, FL 108 $19,800,000 $183,333
COLUMBIA, SC 75 $19,725,000 $263,000
SYRACUSE, NY 156 $19,640,000 $125,897
SAVANNAH, GA 69 $19,215,000 $278,478
KALAMAZOO-PORTAGE, MI 97 $18,775,000 $193,557
CHARLESTON, WV 131 $18,295,000 $139,656
GAINESVILLE, FL 83 $18,205,000 $219,337
LUBBOCK, TX 75 $17,785,000 $237,133
BUFFALO-CHEEKTOWAGA, NY 100 $17,560,000 $175,600
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR 86 $17,550,000 $204,070
MICHIGAN CITY-LA PORTE, IN 94 $17,250,000 $183,511
BROWNSVILLE-HARLINGEN, TX 56 $17,030,000 $304,107
CORPUS CHRISTI, TX 62 $17,020,000 $274,516
ALBANY-SCHENECTADY-TROY, NY 86 $17,000,000 $197,674
WACO, TX 99 $16,615,000 $167,828
HUNTSVILLE, AL 76 $16,600,000 $218,421
ALBANY-LEBANON, OR 70 $16,440,000 $234,857
MCALLEN-EDINBURG-MISSION, TX 89 $16,405,000 $184,326
SHREVEPORT-BOSSIER CITY, LA 110 $16,120,000 $146,545
APPLETON, WI 99 $16,025,000 $161,869
YAKIMA, WA 101 $15,735,000 $155,792
TYLER, TX 77 $15,415,000 $200,195
WINSTON-SALEM, NC 86 $15,100,000 $175,581
REDDING, CA 72 $14,970,000 $207,917
ATLANTIC CITY-HAMMONTON, NJ 52 $14,720,000 $283,077
PEORIA, IL 84 $14,280,000 $170,000
NORWICH-NEW LONDON, CT 39 $14,185,000 $363,718
YUMA, AZ 81 $13,475,000 $166,358
LONGVIEW, WA 51 $13,325,000 $261,275
WICHITA, KS 54 $13,310,000 $246,481
EAST STROUDSBURG, PA 83 $12,965,000 $156,205
LIMA, OH 104 $12,540,000 $120,577
SHERMAN-DENISON, TX 88 $12,500,000 $142,045
HARRISBURG-CARLISLE, PA 52 $12,440,000 $239,231
MUSKEGON, MI 80 $12,200,000 $152,500
PITTSFIELD, MA 35 $11,855,000 $338,714
CORVALLIS, OR 49 $11,335,000 $231,327
MADERA, CA 59 $11,315,000 $191,780
LONGVIEW, TX 70 $11,280,000 $161,143
KILLEEN-TEMPLE, TX 86 $11,160,000 $129,767
LINCOLN, NE 53 $11,135,000 $210,094
GAINESVILLE, GA 51 $10,975,000 $215,196
JACKSON, MS 45 $10,945,000 $243,222
AUGUSTA-RICHMOND COUNTY, GA-SC 51 $10,675,000 $209,314
YORK-HANOVER, PA 63 $10,595,000 $168,175
SPRINGFIELD, MO 67 $10,005,000 $149,328
READING, PA 52 $9,900,000 $190,385
LANCASTER, PA 49 $9,715,000 $198,265
OSHKOSH-NEENAH, WI 58 $9,680,000 $166,897
ATHENS-CLARKE COUNTY, GA 39 $9,665,000 $247,821
ROANOKE, VA 41 $9,635,000 $235,000
IDAHO FALLS, ID 45 $9,575,000 $212,778
HICKORY-LENOIR-MORGANTON, NC 57 $9,455,000 $165,877
DES MOINES-WEST DES MOINES, IA 48 $9,330,000 $194,375
TALLAHASSEE, FL 52 $9,310,000 $179,038
BURLINGTON-SOUTH BURLINGTON, VT 31 $9,115,000 $294,032
SCRANTON--WILKES-BARRE, PA 55 $9,035,000 $164,273
JANESVILLE-BELOIT, WI 61 $8,845,000 $145,000
MUNCIE, IN 77 $8,765,000 $113,831
WHEELING, WV-OH 73 $8,665,000 $118,699
EL CENTRO, CA 48 $8,610,000 $179,375
MONROE, LA 59 $8,495,000 $143,983
MANSFIELD, OH 82 $8,350,000 $101,829
SPRINGFIELD, MA 44 $8,300,000 $188,636
MONROE, MI 55 $8,185,000 $148,818
LOGAN, UT-ID 41 $8,035,000 $195,976
SPRINGFIELD, IL 54 $8,000,000 $148,148
ODESSA, TX 42 $7,900,000 $188,095
BLOOMINGTON, IL 47 $7,845,000 $166,915
GULFPORT-BILOXI, MS 42 $7,790,000 $185,476
GRANTS PASS, OR 38 $7,710,000 $202,895
PARKERSBURG-VIENNA, WV 54 $7,590,000 $140,556
GLENS FALLS, NY 14 $7,470,000 $533,571
SPARTANBURG, SC 39 $7,405,000 $189,872
ANCHORAGE, AK 18 $7,280,000 $404,444
SHEBOYGAN, WI 31 $7,255,000 $234,032
EVANSVILLE, IN-KY 36 $7,240,000 $201,111
ELIZABETHTOWN-FORT KNOX, KY 51 $6,955,000 $136,373
BILLINGS, MT 21 $6,865,000 $326,905
MORRISTOWN, TN 24 $6,820,000 $284,167
WALLA WALLA, WA 32 $6,810,000 $212,813
OWENSBORO, KY 52 $6,620,000 $127,308
BECKLEY, WV 65 $6,515,000 $100,231
MORGANTOWN, WV 28 $6,430,000 $229,643
JACKSON, MI 42 $6,420,000 $152,857
HAGERSTOWN-MARTINSBURG, MD-WV 33 $6,285,000 $190,455
HOMOSASSA SPRINGS, FL 48 $6,270,000 $130,625
LAS CRUCES, NM 31 $6,235,000 $201,129
SAGINAW, MI 57 $6,165,000 $108,158
BOWLING GREEN, KY 30 $6,130,000 $204,333
COLUMBIA, MO 22 $5,890,000 $267,727
DOVER, DE 31 $5,855,000 $188,871
ABILENE, TX 36 $5,740,000 $159,444
GRAND JUNCTION, CO 38 $5,690,000 $149,737
ALEXANDRIA, LA 44 $5,670,000 $128,864
LYNCHBURG, VA 29 $5,645,000 $194,655
MISSOULA, MT 21 $5,535,000 $263,571
PANAMA CITY, FL 23 $5,475,000 $238,043
JACKSON, TN 25 $5,425,000 $217,000
COLUMBUS, GA-AL 37 $5,345,000 $144,459
MIDLAND, MI 24 $5,280,000 $220,000
DULUTH, MN-WI 25 $5,275,000 $211,000
SIOUX FALLS, SD 17 $5,085,000 $299,118
COLUMBUS, IN 18 $5,010,000 $278,333
MOBILE, AL 30 $5,000,000 $166,667
JOHNSON CITY, TN 31 $4,985,000 $160,806
BURLINGTON, NC 28 $4,920,000 $175,714
FAYETTEVILLE, NC 38 $4,800,000 $126,316
MONTGOMERY, AL 28 $4,590,000 $163,929
KANKAKEE, IL 33 $4,475,000 $135,606
CALIFORNIA-LEXINGTON PARK, MD 22 $4,470,000 $203,182
BLACKSBURG-CHRISTIANSBURG, VA 22 $4,460,000 $202,727
FOND DU LAC, WI 37 $4,455,000 $120,405
GREENVILLE, NC 27 $4,415,000 $163,519
DAVENPORT-MOLINE-ROCK ISLAND, IA-IL 30 $4,380,000 $146,000
DECATUR, IL 24 $4,380,000 $182,500
HAMMOND, LA 34 $4,280,000 $125,882
AUBURN-OPELIKA, AL 21 $4,265,000 $203,095
ST. CLOUD, MN 6 $4,250,000 $708,333
HOT SPRINGS, AR 23 $4,105,000 $178,478
SPRINGFIELD, OH 30 $4,060,000 $135,333
FORT SMITH, AR-OK 21 $4,035,000 $192,143
PUEBLO, CO 27 $3,945,000 $146,111
HANFORD-CORCORAN, CA 25 $3,915,000 $156,600
WICHITA FALLS, TX 30 $3,880,000 $129,333
AMARILLO, TX 25 $3,865,000 $154,600
ROCHESTER, MN 17 $3,785,000 $222,647
LAREDO, TX 26 $3,780,000 $145,385
HARRISONBURG, VA 18 $3,770,000 $209,444
CLARKSVILLE, TN-KY 19 $3,635,000 $191,316
SIERRA VISTA-DOUGLAS, AZ 29 $3,595,000 $123,966
POCATELLO, ID 23 $3,545,000 $154,130
WEIRTON-STEUBENVILLE, WV-OH 38 $3,430,000 $90,263
KINGSPORT-BRISTOL, TN-VA 25 $3,425,000 $137,000
STATE COLLEGE, PA 14 $3,280,000 $234,286
GETTYSBURG, PA 17 $3,125,000 $183,824
FLORENCE-MUSCLE SHOALS, AL 9 $2,965,000 $329,444
WARNER ROBINS, GA 18 $2,860,000 $158,889
WAUSAU-WESTON, WI 23 $2,845,000 $123,696
HATTIESBURG, MS 12 $2,830,000 $235,833
TWIN FALLS, ID 19 $2,815,000 $148,158
WINCHESTER, VA-WV 15 $2,795,000 $186,333
MACON-BIBB COUNTY, GA 16 $2,690,000 $168,125
BANGOR, ME 17 $2,675,000 $157,353
RAPID CITY, SD 15 $2,665,000 $177,667
CEDAR RAPIDS, IA 14 $2,630,000 $187,857
UTICA-ROME, NY 19 $2,625,000 $138,158
BATTLE CREEK, MI 22 $2,620,000 $119,091
CHEYENNE, WY 11 $2,615,000 $237,727
ROME, GA 12 $2,520,000 $210,000
FARMINGTON, NM 13 $2,505,000 $192,692
CARSON CITY, NV 10 $2,500,000 $250,000
DECATUR, AL 15 $2,405,000 $160,333
KOKOMO, IN 20 $2,330,000 $116,500
CLEVELAND, TN 13 $2,315,000 $178,077
SAN ANGELO, TX 10 $2,300,000 $230,000
SEBRING-AVON PARK, FL 19 $2,265,000 $119,211
TERRE HAUTE, IN 17 $2,255,000 $132,647
CHAMBERSBURG-WAYNESBORO, PA 12 $2,220,000 $185,000
VALDOSTA, GA 14 $2,210,000 $157,857
BAY CITY, MI 13 $2,175,000 $167,308
ST. JOSEPH, MO-KS 16 $2,150,000 $134,375
FARGO, ND-MN 12 $1,920,000 $160,000
LEWISTON-AUBURN, ME 14 $1,880,000 $134,286
NEW BERN, NC 12 $1,870,000 $155,833
FLORENCE, SC 9 $1,805,000 $200,556
LEBANON, PA 12 $1,780,000 $148,333
GREAT FALLS, MT 4 $1,750,000 $437,500
CASPER, WY 8 $1,750,000 $218,750
JACKSONVILLE, NC 13 $1,695,000 $130,385
MANHATTAN, KS 10 $1,630,000 $163,000
VICTORIA, TX 8 $1,600,000 $200,000
CAPE GIRARDEAU, MO-IL 7 $1,585,000 $226,429
STAUNTON, VA 8 $1,510,000 $188,750
BINGHAMTON, NY 13 $1,375,000 $105,769
EAU CLAIRE, WI 8 $1,370,000 $171,250
ALBANY, GA 11 $1,365,000 $124,091
ERIE, PA 8 $1,340,000 $167,500
CARBONDALE-MARION, IL 9 $1,315,000 $146,111
GRAND FORKS, ND-MN 8 $1,290,000 $161,250
TEXARKANA, TX-AR 10 $1,270,000 $127,000
TOPEKA, KS 7 $1,265,000 $180,714
IOWA CITY, IA 5 $1,255,000 $251,000
GOLDSBORO, NC 8 $1,170,000 $146,250
SUMTER, SC 4 $1,090,000 $272,500
ROCKY MOUNT, NC 9 $1,075,000 $119,444
DOTHAN, AL 7 $1,055,000 $150,714
JONESBORO, AR 7 $1,045,000 $149,286
BLOOMSBURG-BERWICK, PA 7 $1,015,000 $145,000
VINELAND-BRIDGETON, NJ 8 $1,010,000 $126,250
SIOUX CITY, IA-NE-SD 6 $1,000,000 $166,667
DUBUQUE, IA 4 $980,000 $245,000
DALTON, GA 7 $875,000 $125,000
LEWISTON, ID-WA 5 $875,000 $175,000
LA CROSSE-ONALASKA, WI-MN 6 $860,000 $143,333
JEFFERSON CITY, MO 6 $830,000 $138,333
ITHACA, NY 4 $820,000 $205,000
BISMARCK, ND 3 $815,000 $271,667
FAIRBANKS, AK 3 $785,000 $261,667
JOPLIN, MO 7 $755,000 $107,857
WATERTOWN-FORT DRUM, NY 3 $745,000 $248,333
WILLIAMSPORT, PA 5 $705,000 $141,000
LAWTON, OK 5 $645,000 $129,000
PINE BLUFF, AR 5 $595,000 $119,000
MANKATO, MN 3 $565,000 $188,333
CUMBERLAND, MD-WV 4 $550,000 $137,500
ALTOONA, PA 4 $540,000 $135,000
HINESVILLE, GA 4 $540,000 $135,000
DANVILLE, IL 4 $430,000 $107,500
AMES, IA 4 $410,000 $102,500
ANNISTON-OXFORD, AL 5 $385,000 $77,000
GADSDEN, AL 3 $285,000 $95,000
WATERLOO-CEDAR FALLS, IA 3 $255,000 $85,000
ELMIRA, NY 1 $105,000 $105,000
GRAND ISLAND, NE 1 $95,000 $95,000

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% 239 $566,225,000 $2,369,142
2.5-3% 5,050 $4,954,610,000 $981,111
3-4% 91,266 $49,162,670,000 $538,675
4-5% 66,310 $27,609,600,000 $416,372
5-6% 19,578 $3,810,800,000 $194,647
6-7% 12,019 $1,264,585,000 $105,215
7-8% 4,485 $264,745,000 $59,029
Over 8% 3,979 $125,805,000 $31,617

Loan Sizing

Loan Size Originations Total Value Average Loan
$100,000 or less 29,918 $1,842,950,000 $61,600
$100k-200k 52,165 $7,506,665,000 $143,902
$200k-400k 63,852 $17,961,060,000 $281,292
$400k-600k 24,211 $11,756,235,000 $485,574
$600k-1000k 18,642 $14,117,730,000 $757,308
$Over $1MM 14,138 $34,574,400,000 $2,445,494

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
Under 20% 19,151 $2,478,315,000 $129,409
20-40% 25,288 $7,881,020,000 $311,651
40-60% 34,852 $20,570,190,000 $590,215
80-100% 47,241 $18,765,075,000 $397,220
Over 100% 157 $47,355,000 $301,624
60-80% 76,136 $38,003,100,000 $499,148

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 40,724 $11,100,990,000 $272,591
$150k-250k 37,360 $14,789,430,000 $395,863
$50k-75k 31,259 $5,380,795,000 $172,136
$50k-or less 21,781 $3,162,795,000 $145,209
$75k-100k 27,600 $6,018,840,000 $218,074
$Over $250k 27,043 $21,583,235,000 $798,108

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan
White 145,257 $46,226,845,000 $318,242
Not applicable 6,822 $20,631,340,000 $3,024,236
Not provided 15,939 $8,063,465,000 $505,895
Asian 12,720 $5,860,640,000 $460,742
Asian Indian 4,716 $2,168,810,000 $459,883
Black 8,679 $2,090,955,000 $240,921
Chinese 2,053 $919,545,000 $447,903
Filipino 1,458 $467,490,000 $320,638
Korean 746 $283,430,000 $379,933
Other Pacific Islander 1,554 $246,860,000 $158,855
Other Asian 795 $243,825,000 $306,698
American Indian 1,145 $239,395,000 $209,079
Vietnamese 594 $178,310,000 $300,185
Japanese 253 $77,025,000 $304,447
Native Hawaiian 144 $47,670,000 $331,042
Native Hawiian 22 $5,570,000 $253,182
Samoan 11 $4,395,000 $399,545
Guamanian 16 $3,020,000 $188,750
2 $450,000 $225,000

Approval Rates

Total approvals of all applications
80.34%

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
77.11%

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
0.0 134 $16,600,000 $123,881
2423.86 1 $185,000 $185,000
600.0 3 $1,015,000 $338,333
675.0 1 $145,000 $145,000
700.0 1 $95,000 $95,000
775.0 1 $305,000 $305,000
NA 202,785 $87,740,695,000 $432,678

Origination Fees

Origination Fee Originations Total Value Average Loan
$<1k 81,011 $35,781,665,000 $441,689
$1k-2k 40,706 $12,675,620,000 $311,394
$2k-3k 15,066 $4,426,800,000 $293,827
$3k-4k 11,511 $4,182,835,000 $363,377
$5k+ 6,588 $3,999,680,000 $607,116

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 31 $161,195,000 $5,199,839
Multifamily:Site-Built 6,466 $18,623,380,000 $2,880,201
Single Family (1-4 Units):Site-Built 196,429 $68,974,465,000 $351,142