Pnc Bank Na

Pittsburgh, PA 15222

LEI: AD6GFRVSDT01YPT1CS68

Tax ID: 22-1146430

2019 Data *Active* | 2018 Data


Overview

Pnc Bank Na is a large mortgage company specializing in Home Purchase and Refi loans. Pnc Bank Na 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 San Jose, Oakland, Washington, Pittsburgh, and Los Angeles 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. Pnc Bank Na is typically a low/ fee lendor.


Originations

91,541

Origination Dollar Volume (All Markets)

$26,967,785,000

Product Mix

Loan Type Originations Total Value Average Loan
Conventional 89,014 $26,299,800,000 $295,457
FHA 1,452 $407,020,000 $280,317
VA 957 $243,995,000 $254,958
USDA 118 $16,970,000 $143,814

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 18,929 $10,322,975,000 $545,352
Home Improvement 23,698 $2,023,710,000 $85,396
Other 5,799 $545,825,000 $94,124
Refi 37,387 $12,132,745,000 $324,518
Cash Out Refi 5,728 $1,942,530,000 $339,129

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
SAN JOSE-SUNNYVALE-SANTA CLARA, CA 1,179 $1,543,215,000 $1,308,919
OAKLAND-BERKELEY-LIVERMORE, CA 1,251 $1,249,335,000 $998,669
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV 3,596 $1,146,060,000 $318,704
PITTSBURGH, PA 7,596 $971,690,000 $127,921
Outside of Metro Areas 6,024 $838,960,000 $139,270
LOS ANGELES-LONG BEACH-GLENDALE, CA 609 $790,405,000 $1,297,874
CHICAGO-NAPERVILLE-EVANSTON, IL 3,667 $760,195,000 $207,307
NEW YORK-JERSEY CITY-WHITE PLAINS, NY-NJ 1,576 $727,150,000 $461,390
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA 570 $703,800,000 $1,234,737
NEW BRUNSWICK-LAKEWOOD, NJ 2,957 $676,655,000 $228,832
SEATTLE-BELLEVUE-KENT, WA 742 $669,630,000 $902,466
HOUSTON-THE WOODLANDS-SUGAR LAND, TX 108 $506,980,000 $4,694,259
BALTIMORE-COLUMBIA-TOWSON, MD 1,829 $469,425,000 $256,657
CINCINNATI, OH-KY-IN 2,251 $468,615,000 $208,181
SAN DIEGO-CHULA VISTA-CARLSBAD, CA 477 $461,565,000 $967,642
ORLANDO-KISSIMMEE-SANFORD, FL 662 $452,230,000 $683,127
MONTGOMERY COUNTY-BUCKS COUNTY-CHESTER COUNTY, PA 2,323 $442,115,000 $190,321
DENVER-AURORA-LAKEWOOD, CO 138 $429,720,000 $3,113,913
NEWARK, NJ-PA 1,874 $414,780,000 $221,334
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA 1,666 $378,510,000 $227,197
COLUMBUS, OH 2,313 $376,115,000 $162,609
LOUISVILLE/JEFFERSON COUNTY, KY-IN 2,620 $369,780,000 $141,137
WARREN-TROY-FARMINGTON HILLS, MI 2,108 $367,780,000 $174,469
FREDERICK-GAITHERSBURG-ROCKVILLE, MD 1,271 $341,725,000 $268,863
RALEIGH-CARY, NC 921 $340,425,000 $369,625
ANAHEIM-SANTA ANA-IRVINE, CA 304 $339,900,000 $1,118,092
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL 1,085 $338,075,000 $311,590
DALLAS-PLANO-IRVING, TX 109 $336,185,000 $3,084,266
CLEVELAND-ELYRIA, OH 2,316 $316,680,000 $136,736
PHILADELPHIA, PA 1,342 $301,550,000 $224,702
INDIANAPOLIS-CARMEL-ANDERSON, IN 2,069 $250,745,000 $121,191
TAMPA-ST. PETERSBURG-CLEARWATER, FL 803 $249,385,000 $310,567
PHOENIX-MESA-CHANDLER, AZ 181 $249,005,000 $1,375,718
CHARLOTTE-CONCORD-GASTONIA, NC-SC 945 $243,725,000 $257,910
AUSTIN-ROUND ROCK-GEORGETOWN, TX 85 $236,035,000 $2,776,882
SACRAMENTO-ROSEVILLE-FOLSOM, CA 93 $231,415,000 $2,488,333
GRAND RAPIDS-KENTWOOD, MI 710 $221,710,000 $312,268
CAMBRIDGE-NEWTON-FRAMINGHAM, MA 47 $196,085,000 $4,172,021
MIAMI-MIAMI BEACH-KENDALL, FL 133 $182,575,000 $1,372,744
NASSAU COUNTY-SUFFOLK COUNTY, NY 440 $167,370,000 $380,386
WILMINGTON, DE-MD-NJ 1,051 $163,375,000 $155,447
DETROIT-DEARBORN-LIVONIA, MI 738 $154,640,000 $209,539
SALISBURY, MD-DE 736 $143,960,000 $195,598
FORT LAUDERDALE-POMPANO BEACH-SUNRISE, FL 516 $143,800,000 $278,682
CAPE CORAL-FORT MYERS, FL 241 $139,875,000 $580,394
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA 125 $138,285,000 $1,106,280
TRENTON-PRINCETON, NJ 590 $137,970,000 $233,847
NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN 73 $135,775,000 $1,859,932
CAMDEN, NJ 1,110 $133,670,000 $120,423
ST. LOUIS, MO-IL 935 $132,965,000 $142,209
FORT WORTH-ARLINGTON-GRAPEVINE, TX 68 $128,260,000 $1,886,176
AKRON, OH 916 $127,820,000 $139,541
OXNARD-THOUSAND OAKS-VENTURA, CA 60 $122,950,000 $2,049,167
NAPLES-MARCO ISLAND, FL 173 $120,565,000 $696,908
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ 977 $120,115,000 $122,943
TOLEDO, OH 470 $117,500,000 $250,000
STATE COLLEGE, PA 203 $111,695,000 $550,222
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC 410 $110,810,000 $270,268
ANN ARBOR, MI 342 $109,700,000 $320,760
GAINESVILLE, FL 72 $107,160,000 $1,488,333
DURHAM-CHAPEL HILL, NC 317 $105,275,000 $332,098
LANSING-EAST LANSING, MI 447 $104,645,000 $234,105
KANSAS CITY, MO-KS 94 $104,290,000 $1,109,468
MILWAUKEE-WAUKESHA, WI 579 $98,135,000 $169,491
WILMINGTON, NC 245 $96,115,000 $392,306
SAN RAFAEL, CA 108 $95,760,000 $886,667
NORTH PORT-SARASOTA-BRADENTON, FL 380 $95,170,000 $250,447
ELGIN, IL 429 $94,865,000 $221,131
LAKE COUNTY-KENOSHA COUNTY, IL-WI 479 $89,365,000 $186,566
DAYTON-KETTERING, OH 556 $88,410,000 $159,011
LANCASTER, PA 739 $87,705,000 $118,681
BIRMINGHAM-HOOVER, AL 292 $86,730,000 $297,021
RICHMOND, VA 111 $82,185,000 $740,405
PORT ST. LUCIE, FL 655 $81,835,000 $124,939
FORT COLLINS, CO 14 $79,890,000 $5,706,429
SALT LAKE CITY, UT 29 $77,135,000 $2,659,828
BOSTON, MA 42 $76,920,000 $1,831,429
MADISON, WI 13 $73,255,000 $5,635,000
LAS VEGAS-HENDERSON-PARADISE, NV 77 $73,125,000 $949,675
OCEAN CITY, NJ 195 $66,455,000 $340,795
LEXINGTON-FAYETTE, KY 385 $64,805,000 $168,325
SALINAS, CA 33 $64,295,000 $1,948,333
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL 467 $62,555,000 $133,951
COLORADO SPRINGS, CO 19 $62,515,000 $3,290,263
PORTLAND-VANCOUVER-HILLSBORO, OR-WA 75 $60,695,000 $809,267
SCRANTON--WILKES-BARRE, PA 613 $58,725,000 $95,799
ERIE, PA 500 $55,390,000 $110,780
HARRISBURG-CARLISLE, PA 398 $53,440,000 $134,271
CHARLESTON-NORTH CHARLESTON, SC 159 $51,115,000 $321,478
SEBASTIAN-VERO BEACH, FL 289 $50,735,000 $175,554
PALM BAY-MELBOURNE-TITUSVILLE, FL 344 $50,160,000 $145,814
HUNTSVILLE, AL 177 $48,925,000 $276,412
ST. GEORGE, UT 6 $47,290,000 $7,881,667
BOULDER, CO 23 $46,395,000 $2,017,174
YOUNGSTOWN-WARREN-BOARDMAN, OH-PA 472 $43,340,000 $91,822
DAPHNE-FAIRHOPE-FOLEY, AL 315 $42,405,000 $134,619
STOCKTON, CA 62 $42,180,000 $680,323
YORK-HANOVER, PA 352 $41,960,000 $119,205
THE VILLAGES, FL 44 $41,540,000 $944,091
FORT WAYNE, IN 322 $39,980,000 $124,161
BRIDGEPORT-STAMFORD-NORWALK, CT 59 $39,025,000 $661,441
CANTON-MASSILLON, OH 382 $38,170,000 $99,921
PEORIA, IL 345 $37,865,000 $109,754
GETTYSBURG, PA 333 $37,225,000 $111,787
JACKSONVILLE, FL 136 $36,920,000 $271,471
TACOMA-LAKEWOOD, WA 31 $35,725,000 $1,152,419
SAN ANTONIO-NEW BRAUNFELS, TX 30 $35,590,000 $1,186,333
BREMERTON-SILVERDALE-PORT ORCHARD, WA 13 $35,485,000 $2,729,615
MOBILE, AL 347 $35,165,000 $101,340
VALLEJO, CA 20 $33,680,000 $1,684,000
KALAMAZOO-PORTAGE, MI 262 $33,330,000 $127,214
RENO, NV 39 $31,815,000 $815,769
BLOOMINGTON, IL 293 $31,785,000 $108,481
SOUTH BEND-MISHAWAKA, IN-MI 132 $31,690,000 $240,076
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI 79 $29,935,000 $378,924
GARY, IN 181 $29,875,000 $165,055
CORPUS CHRISTI, TX 8 $28,830,000 $3,603,750
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC 209 $28,745,000 $137,536
SANTA ROSA-PETALUMA, CA 37 $28,505,000 $770,405
BAKERSFIELD, CA 8 $28,420,000 $3,552,500
EL PASO, TX 5 $25,405,000 $5,081,000
GREENSBORO-HIGH POINT, NC 201 $25,315,000 $125,945
FAYETTEVILLE-SPRINGDALE-ROGERS, AR 13 $25,145,000 $1,934,231
MORGANTOWN, WV 119 $24,925,000 $209,454
ATLANTIC CITY-HAMMONTON, NJ 179 $24,285,000 $135,670
ASHEVILLE, NC 150 $23,840,000 $158,933
MUSKEGON, MI 232 $23,560,000 $101,552
EAST STROUDSBURG, PA 243 $23,505,000 $96,728
HILTON HEAD ISLAND-BLUFFTON, SC 72 $22,960,000 $318,889
SANTA CRUZ-WATSONVILLE, CA 30 $22,610,000 $753,667
DOVER, DE 194 $22,160,000 $114,227
SPRINGFIELD, IL 188 $20,180,000 $107,340
HAGERSTOWN-MARTINSBURG, MD-WV 154 $19,270,000 $125,130
FAYETTEVILLE, NC 199 $18,935,000 $95,151
BURLINGTON, NC 53 $18,885,000 $356,321
JACKSON, MI 66 $17,900,000 $271,212
ROCKFORD, IL 169 $17,275,000 $102,219
GREENVILLE-ANDERSON, SC 100 $15,850,000 $158,500
SANTA MARIA-SANTA BARBARA, CA 15 $15,655,000 $1,043,667
HUNTINGTON-ASHLAND, WV-KY-OH 179 $15,525,000 $86,732
HICKORY-LENOIR-MORGANTON, NC 95 $15,265,000 $160,684
WINSTON-SALEM, NC 119 $15,185,000 $127,605
VISALIA, CA 6 $15,110,000 $2,518,333
TUSCALOOSA, AL 81 $14,865,000 $183,519
MODESTO, CA 14 $14,350,000 $1,025,000
BOISE CITY, ID 19 $14,245,000 $749,737
MONROE, MI 119 $12,865,000 $108,109
FLINT, MI 101 $12,675,000 $125,495
CHAMPAIGN-URBANA, IL 113 $12,565,000 $111,195
BOWLING GREEN, KY 108 $12,200,000 $112,963
ELKHART-GOSHEN, IN 52 $12,150,000 $233,654
PORTLAND-SOUTH PORTLAND, ME 15 $12,135,000 $809,000
AUGUSTA-RICHMOND COUNTY, GA-SC 26 $12,000,000 $461,538
CALIFORNIA-LEXINGTON PARK, MD 120 $11,950,000 $99,583
VICTORIA, TX 1 $11,895,000 $11,895,000
SAGINAW, MI 126 $11,760,000 $93,333
SPRINGFIELD, OH 132 $11,650,000 $88,258
COLUMBIA, SC 62 $10,720,000 $172,903
AUBURN-OPELIKA, AL 77 $10,385,000 $134,870
MICHIGAN CITY-LA PORTE, IN 81 $9,875,000 $121,914
TUCSON, AZ 39 $9,845,000 $252,436
MONTGOMERY, AL 95 $9,315,000 $98,053
LAKELAND-WINTER HAVEN, FL 72 $9,270,000 $128,750
ROCKY MOUNT, NC 125 $9,175,000 $73,400
TYLER, TX 3 $9,125,000 $3,041,667
PUNTA GORDA, FL 50 $9,050,000 $181,000
DECATUR, IL 85 $8,515,000 $100,176
SAN LUIS OBISPO-PASO ROBLES, CA 14 $8,380,000 $598,571
ELIZABETHTOWN-FORT KNOX, KY 91 $8,325,000 $91,484
NEW BERN, NC 62 $8,210,000 $132,419
FRESNO, CA 12 $7,860,000 $655,000
URBAN HONOLULU, HI 12 $7,830,000 $652,500
PROVIDENCE-WARWICK, RI-MA 30 $7,720,000 $257,333
WILLIAMSPORT, PA 62 $7,720,000 $124,516
WORCESTER, MA-CT 24 $7,610,000 $317,083
OCALA, FL 63 $7,535,000 $119,603
DECATUR, AL 84 $7,330,000 $87,262
ROCHESTER, NY 7 $7,225,000 $1,032,143
READING, PA 59 $7,115,000 $120,593
KANKAKEE, IL 65 $6,535,000 $100,538
WEIRTON-STEUBENVILLE, WV-OH 76 $6,410,000 $84,342
KNOXVILLE, TN 16 $6,190,000 $386,875
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL 16 $6,100,000 $381,250
NEW ORLEANS-METAIRIE, LA 17 $6,005,000 $353,235
SHEBOYGAN, WI 11 $5,955,000 $541,364
CHAMBERSBURG-WAYNESBORO, PA 48 $5,890,000 $122,708
MEMPHIS, TN-MS-AR 24 $5,890,000 $245,417
CHARLOTTESVILLE, VA 26 $5,840,000 $224,615
GREENVILLE, NC 67 $5,805,000 $86,642
LEBANON, PA 48 $5,770,000 $120,208
BARNSTABLE TOWN, MA 11 $5,735,000 $521,364
LUBBOCK, TX 5 $5,525,000 $1,105,000
NILES, MI 20 $5,140,000 $257,000
WHEELING, WV-OH 48 $5,090,000 $106,042
BAY CITY, MI 54 $5,070,000 $93,889
BATTLE CREEK, MI 45 $4,925,000 $109,444
COLUMBUS, IN 44 $4,920,000 $111,818
PENSACOLA-FERRY PASS-BRENT, FL 33 $4,585,000 $138,939
GREELEY, CO 11 $4,575,000 $415,909
GAINESVILLE, GA 26 $4,530,000 $174,231
HARTFORD-EAST HARTFORD-MIDDLETOWN, CT 14 $4,450,000 $317,857
BLOOMSBURG-BERWICK, PA 43 $4,245,000 $98,721
NEW HAVEN-MILFORD, CT 16 $4,220,000 $263,750
ROANOKE, VA 27 $4,095,000 $151,667
CHATTANOOGA, TN-GA 17 $4,075,000 $239,706
FLORENCE, SC 28 $4,030,000 $143,929
ALBUQUERQUE, NM 19 $3,925,000 $206,579
ROCKINGHAM COUNTY-STRAFFORD COUNTY, NH 13 $3,925,000 $301,923
OWENSBORO, KY 46 $3,810,000 $82,826
PRESCOTT VALLEY-PRESCOTT, AZ 10 $3,690,000 $369,000
POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY 20 $3,670,000 $183,500
PROVO-OREM, UT 10 $3,620,000 $362,000
OKLAHOMA CITY, OK 7 $3,595,000 $513,571
BEND, OR 6 $3,590,000 $598,333
SAVANNAH, GA 21 $3,485,000 $165,952
JACKSONVILLE, NC 29 $3,455,000 $119,138
KAHULUI-WAILUKU-LAHAINA, HI 3 $3,405,000 $1,135,000
KOKOMO, IN 48 $3,380,000 $70,417
FLAGSTAFF, AZ 7 $3,365,000 $480,714
NAPA, CA 6 $3,260,000 $543,333
MIDLAND, MI 29 $3,165,000 $109,138
HOMOSASSA SPRINGS, FL 20 $3,010,000 $150,500
LYNCHBURG, VA 20 $3,000,000 $150,000
MANSFIELD, OH 38 $2,920,000 $76,842
BLOOMINGTON, IN 16 $2,710,000 $169,375
SPARTANBURG, SC 22 $2,700,000 $122,727
SANTA FE, NM 9 $2,505,000 $278,333
RACINE, WI 19 $2,475,000 $130,263
WINCHESTER, VA-WV 13 $2,445,000 $188,077
MADERA, CA 2 $2,410,000 $1,205,000
VINELAND-BRIDGETON, NJ 28 $2,370,000 $84,643
OGDEN-CLEARFIELD, UT 7 $2,365,000 $337,857
LAKE HAVASU CITY-KINGMAN, AZ 9 $2,175,000 $241,667
OLYMPIA-LACEY-TUMWATER, WA 10 $2,150,000 $215,000
TALLAHASSEE, FL 18 $2,150,000 $119,444
BATON ROUGE, LA 8 $2,130,000 $266,250
MACON-BIBB COUNTY, GA 9 $2,125,000 $236,111
LAFAYETTE-WEST LAFAYETTE, IN 14 $1,840,000 $131,429
GOLDSBORO, NC 22 $1,790,000 $81,364
SPOKANE-SPOKANE VALLEY, WA 9 $1,755,000 $195,000
APPLETON, WI 10 $1,730,000 $173,000
VALDOSTA, GA 9 $1,695,000 $188,333
STAUNTON, VA 7 $1,695,000 $242,143
COEUR D'ALENE, ID 5 $1,665,000 $333,000
EVANSVILLE, IN-KY 12 $1,630,000 $135,833
DAVENPORT-MOLINE-ROCK ISLAND, IA-IL 13 $1,535,000 $118,077
BILLINGS, MT 4 $1,510,000 $377,500
TERRE HAUTE, IN 10 $1,490,000 $149,000
MANCHESTER-NASHUA, NH 7 $1,415,000 $202,143
BRUNSWICK, GA 8 $1,410,000 $176,250
JOHNSTOWN, PA 12 $1,350,000 $112,500
BELLINGHAM, WA 4 $1,350,000 $337,500
COLUMBIA, MO 8 $1,310,000 $163,750
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR 6 $1,220,000 $203,333
NORWICH-NEW LONDON, CT 4 $1,210,000 $302,500
EUGENE-SPRINGFIELD, OR 3 $1,195,000 $398,333
SPRINGFIELD, MA 7 $1,195,000 $170,714
SALEM, OR 7 $1,185,000 $169,286
PANAMA CITY, FL 5 $1,165,000 $233,000
GLENS FALLS, NY 4 $1,150,000 $287,500
SHERMAN-DENISON, TX 3 $1,115,000 $371,667
DES MOINES-WEST DES MOINES, IA 9 $1,095,000 $121,667
LAFAYETTE, LA 5 $1,085,000 $217,000
BUFFALO-CHEEKTOWAGA, NY 6 $1,050,000 $175,000
COLLEGE STATION-BRYAN, TX 4 $990,000 $247,500
SPRINGFIELD, MO 8 $990,000 $123,750
SEBRING-AVON PARK, FL 10 $980,000 $98,000
JACKSON, MS 6 $970,000 $161,667
MUNCIE, IN 12 $970,000 $80,833
CARBONDALE-MARION, IL 4 $960,000 $240,000
ALTOONA, PA 9 $955,000 $106,111
LINCOLN, NE 5 $915,000 $183,000
GREEN BAY, WI 5 $895,000 $179,000
ANCHORAGE, AK 3 $885,000 $295,000
COLUMBUS, GA-AL 7 $865,000 $123,571
CHICO, CA 5 $865,000 $173,000
FOND DU LAC, WI 8 $840,000 $105,000
JANESVILLE-BELOIT, WI 4 $830,000 $207,500
MERCED, CA 4 $830,000 $207,500
OMAHA-COUNCIL BLUFFS, NE-IA 4 $820,000 $205,000
KINGSPORT-BRISTOL, TN-VA 5 $815,000 $163,000
CUMBERLAND, MD-WV 13 $815,000 $62,692
ALBANY-LEBANON, OR 3 $805,000 $268,333
WARNER ROBINS, GA 7 $795,000 $113,571
BEAUMONT-PORT ARTHUR, TX 4 $780,000 $195,000
BURLINGTON-SOUTH BURLINGTON, VT 2 $770,000 $385,000
CLARKSVILLE, TN-KY 5 $755,000 $151,000
CHEYENNE, WY 2 $750,000 $375,000
MOUNT VERNON-ANACORTES, WA 3 $715,000 $238,333
WATERTOWN-FORT DRUM, NY 5 $695,000 $139,000
HARRISONBURG, VA 4 $690,000 $172,500
REDDING, CA 4 $690,000 $172,500
WICHITA, KS 7 $685,000 $97,857
MISSOULA, MT 3 $675,000 $225,000
SYRACUSE, NY 2 $650,000 $325,000
LONGVIEW, WA 4 $630,000 $157,500
BECKLEY, WV 3 $625,000 $208,333
GADSDEN, AL 5 $615,000 $123,000
CAPE GIRARDEAU, MO-IL 3 $615,000 $205,000
SHREVEPORT-BOSSIER CITY, LA 6 $610,000 $101,667
JOHNSON CITY, TN 1 $595,000 $595,000
FLORENCE-MUSCLE SHOALS, AL 5 $595,000 $119,000
DANVILLE, IL 6 $590,000 $98,333
DOTHAN, AL 4 $590,000 $147,500
CHARLESTON, WV 4 $580,000 $145,000
CLEVELAND, TN 2 $560,000 $280,000
MIDLAND, TX 2 $560,000 $280,000
JEFFERSON CITY, MO 4 $530,000 $132,500
ROME, GA 6 $530,000 $88,333
TULSA, OK 4 $510,000 $127,500
KILLEEN-TEMPLE, TX 4 $510,000 $127,500
SUMTER, SC 3 $505,000 $168,333
GULFPORT-BILOXI, MS 4 $500,000 $125,000
PITTSFIELD, MA 3 $475,000 $158,333
LAKE CHARLES, LA 3 $455,000 $151,667
AMARILLO, TX 3 $445,000 $148,333
YUBA CITY, CA 2 $440,000 $220,000
LAS CRUCES, NM 4 $420,000 $105,000
OSHKOSH-NEENAH, WI 3 $415,000 $138,333
CARSON CITY, NV 1 $405,000 $405,000
GREAT FALLS, MT 2 $400,000 $200,000
ATHENS-CLARKE COUNTY, GA 6 $390,000 $65,000
PARKERSBURG-VIENNA, WV 3 $375,000 $125,000
MCALLEN-EDINBURG-MISSION, TX 3 $365,000 $121,667
TOPEKA, KS 3 $355,000 $118,333
FARGO, ND-MN 2 $350,000 $175,000
LIMA, OH 3 $345,000 $115,000
ALBANY, GA 3 $345,000 $115,000
LEWISTON-AUBURN, ME 2 $340,000 $170,000
HAMMOND, LA 1 $335,000 $335,000
SIOUX FALLS, SD 1 $325,000 $325,000
ALBANY-SCHENECTADY-TROY, NY 2 $300,000 $150,000
DALTON, GA 4 $300,000 $75,000
DULUTH, MN-WI 2 $290,000 $145,000
BLACKSBURG-CHRISTIANSBURG, VA 3 $285,000 $95,000
LAREDO, TX 1 $275,000 $275,000
GRANTS PASS, OR 1 $275,000 $275,000
ODESSA, TX 1 $265,000 $265,000
YAKIMA, WA 1 $265,000 $265,000
CEDAR RAPIDS, IA 2 $250,000 $125,000
LONGVIEW, TX 2 $250,000 $125,000
BISMARCK, ND 1 $245,000 $245,000
IDAHO FALLS, ID 1 $245,000 $245,000
WAUSAU-WESTON, WI 3 $235,000 $78,333
EAU CLAIRE, WI 3 $235,000 $78,333
KENNEWICK-RICHLAND, WA 1 $215,000 $215,000
ANNISTON-OXFORD, AL 3 $215,000 $71,667
LA CROSSE-ONALASKA, WI-MN 2 $210,000 $105,000
WALLA WALLA, WA 1 $185,000 $185,000
WACO, TX 1 $185,000 $185,000
RAPID CITY, SD 1 $185,000 $185,000
BINGHAMTON, NY 1 $175,000 $175,000
MEDFORD, OR 1 $165,000 $165,000
MONROE, LA 1 $145,000 $145,000
HOUMA-THIBODAUX, LA 1 $145,000 $145,000
EL CENTRO, CA 1 $135,000 $135,000
ABILENE, TX 1 $125,000 $125,000
ST. JOSEPH, MO-KS 2 $120,000 $60,000
AMES, IA 1 $115,000 $115,000
PINE BLUFF, AR 1 $115,000 $115,000
MORRISTOWN, TN 1 $115,000 $115,000
LAWTON, OK 1 $105,000 $105,000
PUEBLO, CO 1 $85,000 $85,000
LEWISTON, ID-WA 1 $75,000 $75,000
HINESVILLE, GA 1 $55,000 $55,000
ALEXANDRIA, LA 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% 11 $10,495,000 $954,091
2.5-3% 1,579 $1,488,815,000 $942,885
3-4% 23,554 $13,550,670,000 $575,302
4-5% 32,679 $9,169,935,000 $280,606
5-6% 20,734 $2,226,030,000 $107,361
6-7% 8,732 $407,320,000 $46,647
7-8% 2,379 $78,605,000 $33,041
Over 8% 1,868 $35,490,000 $18,999

Loan Sizing

Loan Size Originations Total Value Average Loan
$100,000 or less 36,547 $1,941,655,000 $53,128
$100k-200k 26,869 $3,706,985,000 $137,965
$200k-400k 16,884 $4,496,390,000 $266,311
$400k-600k 4,759 $2,336,765,000 $491,020
$600k-1000k 4,301 $3,278,185,000 $762,191
$Over $1MM 2,181 $11,207,805,000 $5,138,838

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% 21,074 $2,679,800,000 $127,161
40-60% 13,619 $6,463,165,000 $474,570
60-80% 22,772 $12,270,510,000 $538,842
80-100% 15,658 $4,217,080,000 $269,324
Over 100% 133 $32,705,000 $245,902
Under 20% 18,028 $1,119,240,000 $62,083

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 19,105 $3,360,465,000 $175,895
$150k-250k 15,263 $4,402,395,000 $288,436
$50k-75k 17,202 $1,942,270,000 $112,910
$50k-or less 13,626 $1,171,300,000 $85,961
$75k-100k 13,808 $1,837,190,000 $133,053
$Over $250k 9,207 $5,165,385,000 $561,028

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan
White 68,476 $11,202,610,000 $163,599
Not applicable 392 $8,579,300,000 $21,885,969
Not provided 12,218 $3,585,420,000 $293,454
Asian 6,140 $3,041,680,000 $495,388
Black 3,833 $486,345,000 $126,884
American Indian 319 $40,975,000 $128,448
Native Hawaiian 148 $25,830,000 $174,527
Asian Indian 8 $3,500,000 $437,500
Korean 2 $1,040,000 $520,000
Filipino 1 $295,000 $295,000
Other Asian 1 $265,000 $265,000
Japanese 1 $225,000 $225,000
Other Pacific Islander 1 $165,000 $165,000
Chinese 1 $135,000 $135,000

Approval Rates

Total approvals of all applications
78.25%

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
75.18%

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 91,541 $26,967,785,000 $294,598

Origination Fees

Origination Fee Originations Total Value Average Loan
$<1k 39,643 $9,066,735,000 $228,710
$1k-2k 9,936 $3,744,410,000 $376,853
$2k-3k 2,102 $622,730,000 $296,256
$3k-4k 1,190 $460,470,000 $386,950
$5k+ 497 $307,125,000 $617,958

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 27 $394,975,000 $14,628,704
Multifamily:Site-Built 339 $8,179,655,000 $24,128,776
Single Family (1-4 Units):Manufactured 966 $76,580,000 $79,275
Single Family (1-4 Units):Site-Built 90,209 $18,316,575,000 $203,046