Bank Of America Na

Westlake Village, CA 91361

LEI: B4TYDEB6GKMZO031MB27

Tax ID: 57-0236115

2019 Data *Active* | 2018 Data


Overview

Bank Of America Na is a large mortgage company specializing in Home Purchase and Refi loans. Bank Of America 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.) Their top markets include Los Angeles, New York, San Jose, Oakland, and Anaheim 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. Bank Of America Na is typically a medium-low/ fee lendor.


Originations

214,601

Origination Dollar Volume (All Markets)

$85,268,265,000

Product Mix

Loan Type Originations Total Value Average Loan
Conventional 211,424 $84,542,020,000 $399,870
VA 432 $112,430,000 $260,255
FHA 2,745 $613,815,000 $223,612

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 72,406 $35,262,330,000 $487,008
Refi 61,075 $30,192,405,000 $494,350
Home Improvement 29,256 $3,390,150,000 $115,879
Cash Out Refi 25,967 $11,586,105,000 $446,186
Other 25,897 $4,837,275,000 $186,789

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 12,590 $8,411,810,000 $668,134
NEW YORK-JERSEY CITY-WHITE PLAINS, NY-NJ 8,209 $6,786,405,000 $826,703
SAN JOSE-SUNNYVALE-SANTA CLARA, CA 7,813 $6,252,845,000 $800,313
OAKLAND-BERKELEY-LIVERMORE, CA 8,452 $5,219,930,000 $617,597
ANAHEIM-SANTA ANA-IRVINE, CA 6,785 $4,187,065,000 $617,106
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA 4,239 $3,669,785,000 $865,720
SEATTLE-BELLEVUE-KENT, WA 6,278 $3,029,390,000 $482,541
SAN DIEGO-CHULA VISTA-CARLSBAD, CA 4,228 $2,573,380,000 $608,652
Outside of Metro Areas 6,368 $2,253,250,000 $353,840
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV 4,872 $1,784,510,000 $366,279
NASSAU COUNTY-SUFFOLK COUNTY, NY 2,961 $1,717,495,000 $580,039
CHICAGO-NAPERVILLE-EVANSTON, IL 4,642 $1,460,290,000 $314,582
PHOENIX-MESA-CHANDLER, AZ 5,302 $1,454,140,000 $274,263
CHARLOTTE-CONCORD-GASTONIA, NC-SC 5,534 $1,448,610,000 $261,765
CAMBRIDGE-NEWTON-FRAMINGHAM, MA 3,644 $1,403,020,000 $385,022
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA 5,830 $1,399,370,000 $240,029
DALLAS-PLANO-IRVING, TX 4,438 $1,281,740,000 $288,810
NEW BRUNSWICK-LAKEWOOD, NJ 3,970 $1,250,150,000 $314,899
NEWARK, NJ-PA 3,113 $1,153,935,000 $370,683
BOSTON, MA 2,518 $1,150,330,000 $456,843
HOUSTON-THE WOODLANDS-SUGAR LAND, TX 4,037 $1,115,915,000 $276,422
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA 3,764 $1,056,190,000 $280,603
BRIDGEPORT-STAMFORD-NORWALK, CT 1,547 $1,049,675,000 $678,523
SACRAMENTO-ROSEVILLE-FOLSOM, CA 2,564 $768,770,000 $299,832
BALTIMORE-COLUMBIA-TOWSON, MD 2,710 $760,320,000 $280,561
PORTLAND-VANCOUVER-HILLSBORO, OR-WA 2,415 $733,245,000 $303,621
TAMPA-ST. PETERSBURG-CLEARWATER, FL 3,429 $687,405,000 $200,468
OXNARD-THOUSAND OAKS-VENTURA, CA 1,309 $606,155,000 $463,067
MIAMI-MIAMI BEACH-KENDALL, FL 1,591 $605,095,000 $380,324
DENVER-AURORA-LAKEWOOD, CO 1,343 $600,845,000 $447,390
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL 1,680 $597,290,000 $355,530
LAS VEGAS-HENDERSON-PARADISE, NV 2,368 $553,850,000 $233,889
FREDERICK-GAITHERSBURG-ROCKVILLE, MD 1,439 $551,105,000 $382,978
FORT LAUDERDALE-POMPANO BEACH-SUNRISE, FL 1,967 $532,695,000 $270,816
WARREN-TROY-FARMINGTON HILLS, MI 2,600 $519,510,000 $199,812
ORLANDO-KISSIMMEE-SANFORD, FL 2,201 $515,445,000 $234,187
SAN RAFAEL, CA 633 $502,565,000 $793,942
AUSTIN-ROUND ROCK-GEORGETOWN, TX 1,409 $500,805,000 $355,433
NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN 1,824 $483,590,000 $265,126
MONTGOMERY COUNTY-BUCKS COUNTY-CHESTER COUNTY, PA 1,411 $446,725,000 $316,602
ST. LOUIS, MO-IL 2,136 $422,990,000 $198,029
FORT WORTH-ARLINGTON-GRAPEVINE, TX 1,543 $345,535,000 $223,937
JACKSONVILLE, FL 1,390 $339,510,000 $244,252
RALEIGH-CARY, NC 1,331 $329,845,000 $247,817
KANSAS CITY, MO-KS 1,619 $325,805,000 $201,238
SANTA MARIA-SANTA BARBARA, CA 336 $324,950,000 $967,113
NORTH PORT-SARASOTA-BRADENTON, FL 1,304 $304,690,000 $233,658
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI 942 $300,690,000 $319,204
PROVIDENCE-WARWICK, RI-MA 1,172 $299,660,000 $255,683
PHILADELPHIA, PA 871 $281,985,000 $323,749
CHARLESTON-NORTH CHARLESTON, SC 844 $276,470,000 $327,571
NAPLES-MARCO ISLAND, FL 481 $233,765,000 $485,998
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC 959 $220,425,000 $229,849
RICHMOND, VA 957 $204,585,000 $213,777
TACOMA-LAKEWOOD, WA 835 $203,805,000 $244,078
STOCKTON, CA 663 $194,965,000 $294,065
HARTFORD-EAST HARTFORD-MIDDLETOWN, CT 1,000 $191,850,000 $191,850
SALINAS, CA 351 $185,765,000 $529,245
SAN ANTONIO-NEW BRAUNFELS, TX 836 $175,250,000 $209,629
RENO, NV 596 $174,220,000 $292,315
SANTA ROSA-PETALUMA, CA 424 $170,850,000 $402,948
LAKE COUNTY-KENOSHA COUNTY, IL-WI 543 $162,885,000 $299,972
CAPE CORAL-FORT MYERS, FL 652 $151,770,000 $232,776
SANTA CRUZ-WATSONVILLE, CA 301 $147,915,000 $491,412
TRENTON-PRINCETON, NJ 468 $147,810,000 $315,833
BARNSTABLE TOWN, MA 376 $146,540,000 $389,734
WORCESTER, MA-CT 660 $143,050,000 $216,742
CAMDEN, NJ 746 $139,170,000 $186,555
GREENVILLE-ANDERSON, SC 816 $138,530,000 $169,767
PORTLAND-SOUTH PORTLAND, ME 542 $130,360,000 $240,517
DETROIT-DEARBORN-LIVONIA, MI 835 $128,765,000 $154,210
COLUMBUS, OH 432 $127,360,000 $294,815
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL 804 $120,450,000 $149,813
ROCKINGHAM COUNTY-STRAFFORD COUNTY, NH 506 $115,900,000 $229,051
DURHAM-CHAPEL HILL, NC 463 $115,055,000 $248,499
NEW HAVEN-MILFORD, CT 535 $108,225,000 $202,290
PITTSBURGH, PA 401 $106,355,000 $265,224
VALLEJO, CA 472 $106,320,000 $225,254
INDIANAPOLIS-CARMEL-ANDERSON, IN 398 $105,630,000 $265,402
PORT ST. LUCIE, FL 545 $104,635,000 $191,991
TUCSON, AZ 613 $102,825,000 $167,741
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC 554 $100,060,000 $180,614
BUFFALO-CHEEKTOWAGA, NY 677 $98,395,000 $145,340
BOULDER, CO 165 $96,935,000 $587,485
ANN ARBOR, MI 341 $96,645,000 $283,416
COLUMBIA, SC 630 $95,720,000 $151,937
SALISBURY, MD-DE 295 $95,315,000 $323,102
OCEAN CITY, NJ 189 $94,675,000 $500,926
ALBUQUERQUE, NM 516 $92,330,000 $178,934
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL 189 $92,185,000 $487,751
CINCINNATI, OH-KY-IN 325 $91,675,000 $282,077
FRESNO, CA 428 $91,650,000 $214,136
ASHEVILLE, NC 415 $91,155,000 $219,651
NAPA, CA 181 $91,045,000 $503,011
PALM BAY-MELBOURNE-TITUSVILLE, FL 537 $87,285,000 $162,542
HILTON HEAD ISLAND-BLUFFTON, SC 257 $85,525,000 $332,782
SAN LUIS OBISPO-PASO ROBLES, CA 207 $85,235,000 $411,763
CHARLOTTESVILLE, VA 239 $79,055,000 $330,774
WILMINGTON, DE-MD-NJ 350 $78,580,000 $224,514
BAKERSFIELD, CA 423 $77,465,000 $183,132
MEMPHIS, TN-MS-AR 422 $76,030,000 $180,166
BEND, OR 229 $75,495,000 $329,672
BREMERTON-SILVERDALE-PORT ORCHARD, WA 257 $73,925,000 $287,646
GREENSBORO-HIGH POINT, NC 456 $72,200,000 $158,333
POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY 290 $70,740,000 $243,931
SALT LAKE CITY, UT 210 $70,000,000 $333,333
MANCHESTER-NASHUA, NH 311 $66,885,000 $215,064
NEW ORLEANS-METAIRIE, LA 198 $66,130,000 $333,990
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR 359 $65,955,000 $183,719
GRAND RAPIDS-KENTWOOD, MI 289 $65,775,000 $227,595
CLEVELAND-ELYRIA, OH 277 $65,685,000 $237,130
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ 387 $63,655,000 $164,483
MODESTO, CA 379 $63,425,000 $167,348
URBAN HONOLULU, HI 86 $61,710,000 $717,558
SPOKANE-SPOKANE VALLEY, WA 354 $61,650,000 $174,153
OKLAHOMA CITY, OK 333 $61,615,000 $185,030
ATLANTIC CITY-HAMMONTON, NJ 246 $60,100,000 $244,309
SPRINGFIELD, MA 341 $58,275,000 $170,894
ELGIN, IL 284 $58,140,000 $204,718
KNOXVILLE, TN 252 $57,930,000 $229,881
ALBANY-SCHENECTADY-TROY, NY 323 $57,445,000 $177,848
WILMINGTON, NC 224 $56,090,000 $250,402
SAVANNAH, GA 319 $54,065,000 $169,483
ROCHESTER, NY 377 $54,045,000 $143,355
FAYETTEVILLE-SPRINGDALE-ROGERS, AR 258 $53,130,000 $205,930
WINSTON-SALEM, NC 299 $49,975,000 $167,140
KAHULUI-WAILUKU-LAHAINA, HI 34 $48,350,000 $1,422,059
PRESCOTT VALLEY-PRESCOTT, AZ 229 $48,035,000 $209,760
BIRMINGHAM-HOOVER, AL 178 $47,700,000 $267,978
LOUISVILLE/JEFFERSON COUNTY, KY-IN 183 $46,805,000 $255,765
SEBASTIAN-VERO BEACH, FL 170 $45,910,000 $270,059
AUGUSTA-RICHMOND COUNTY, GA-SC 336 $45,600,000 $135,714
TULSA, OK 261 $44,415,000 $170,172
SANTA FE, NM 140 $42,850,000 $306,071
PUNTA GORDA, FL 255 $42,435,000 $166,412
SALEM, OR 215 $42,365,000 $197,047
GAINESVILLE, FL 172 $41,520,000 $241,395
BOISE CITY, ID 148 $40,660,000 $274,730
CHATTANOOGA, TN-GA 221 $39,545,000 $178,937
LAKELAND-WINTER HAVEN, FL 274 $38,970,000 $142,226
COEUR D'ALENE, ID 182 $38,100,000 $209,341
MILWAUKEE-WAUKESHA, WI 126 $33,370,000 $264,841
WICHITA, KS 254 $33,000,000 $129,921
OCALA, FL 270 $32,800,000 $121,481
KENNEWICK-RICHLAND, WA 181 $32,505,000 $179,586
CHICO, CA 155 $32,335,000 $208,613
COLORADO SPRINGS, CO 124 $32,000,000 $258,065
BATON ROUGE, LA 117 $31,725,000 $271,154
OLYMPIA-LACEY-TUMWATER, WA 138 $31,720,000 $229,855
THE VILLAGES, FL 170 $31,580,000 $185,765
PROVO-OREM, UT 86 $30,920,000 $359,535
SPARTANBURG, SC 216 $30,050,000 $139,120
EUGENE-SPRINGFIELD, OR 113 $29,905,000 $264,646
BELLINGHAM, WA 107 $28,875,000 $269,860
NORWICH-NEW LONDON, CT 126 $27,630,000 $219,286
VISALIA, CA 205 $27,575,000 $134,512
OGDEN-CLEARFIELD, UT 88 $26,800,000 $304,545
GAINESVILLE, GA 141 $26,775,000 $189,894
PENSACOLA-FERRY PASS-BRENT, FL 158 $26,730,000 $169,177
FLAGSTAFF, AZ 103 $26,405,000 $256,359
HICKORY-LENOIR-MORGANTON, NC 143 $26,115,000 $182,622
DES MOINES-WEST DES MOINES, IA 152 $25,880,000 $170,263
LAKE HAVASU CITY-KINGMAN, AZ 150 $25,740,000 $171,600
FORT COLLINS, CO 80 $24,740,000 $309,250
SPRINGFIELD, MO 179 $24,205,000 $135,223
EL PASO, TX 160 $23,990,000 $149,938
LANCASTER, PA 106 $23,410,000 $220,849
TALLAHASSEE, FL 149 $23,025,000 $154,530
AKRON, OH 93 $22,715,000 $244,247
SYRACUSE, NY 168 $22,120,000 $131,667
ROANOKE, VA 90 $21,440,000 $238,222
LEXINGTON-FAYETTE, KY 66 $21,380,000 $323,939
KINGSTON, NY 86 $20,560,000 $239,070
CORPUS CHRISTI, TX 121 $20,505,000 $169,463
MERCED, CA 137 $20,415,000 $149,015
BRUNSWICK, GA 64 $20,270,000 $316,719
OMAHA-COUNCIL BLUFFS, NE-IA 89 $19,295,000 $216,798
NILES, MI 35 $19,015,000 $543,286
GARY, IN 99 $18,995,000 $191,869
HARRISBURG-CARLISLE, PA 63 $18,975,000 $301,190
ATHENS-CLARKE COUNTY, GA 113 $18,775,000 $166,150
MOUNT VERNON-ANACORTES, WA 73 $18,705,000 $256,233
LANSING-EAST LANSING, MI 103 $18,425,000 $178,883
MADISON, WI 59 $18,265,000 $309,576
COLLEGE STATION-BRYAN, TX 89 $18,125,000 $203,652
HOMOSASSA SPRINGS, FL 147 $17,655,000 $120,102
REDDING, CA 115 $16,525,000 $143,696
HUNTSVILLE, AL 81 $16,505,000 $203,765
LYNCHBURG, VA 87 $16,075,000 $184,770
JACKSON, MS 82 $15,260,000 $186,098
FAYETTEVILLE, NC 114 $15,160,000 $132,982
JACKSON, TN 13 $13,875,000 $1,067,308
PITTSFIELD, MA 32 $13,860,000 $433,125
ANCHORAGE, AK 51 $13,395,000 $262,647
WACO, TX 71 $13,385,000 $188,521
BURLINGTON-SOUTH BURLINGTON, VT 36 $13,290,000 $369,167
READING, PA 71 $13,225,000 $186,268
MCALLEN-EDINBURG-MISSION, TX 138 $13,210,000 $95,725
MADERA, CA 76 $12,940,000 $170,263
TYLER, TX 66 $12,790,000 $193,788
KILLEEN-TEMPLE, TX 91 $12,775,000 $140,385
WENATCHEE, WA 32 $12,580,000 $393,125
CORVALLIS, OR 49 $12,525,000 $255,612
GREELEY, CO 48 $12,460,000 $259,583
DAPHNE-FAIRHOPE-FOLEY, AL 51 $12,455,000 $244,216
SCRANTON--WILKES-BARRE, PA 70 $12,270,000 $175,286
ST. GEORGE, UT 28 $12,070,000 $431,071
MIDLAND, TX 50 $11,860,000 $237,200
YOUNGSTOWN-WARREN-BOARDMAN, OH-PA 51 $11,835,000 $232,059
YORK-HANOVER, PA 59 $11,525,000 $195,339
YAKIMA, WA 80 $10,640,000 $133,000
COLUMBIA, MO 51 $10,385,000 $203,627
EAST STROUDSBURG, PA 59 $10,225,000 $173,305
GREENVILLE, NC 75 $10,125,000 $135,000
LAS CRUCES, NM 59 $10,075,000 $170,763
BURLINGTON, NC 75 $9,675,000 $129,000
MONROE, MI 64 $9,580,000 $149,688
YUBA CITY, CA 55 $9,535,000 $173,364
CALIFORNIA-LEXINGTON PARK, MD 52 $9,290,000 $178,654
LONGVIEW, WA 55 $8,855,000 $161,000
CLARKSVILLE, TN-KY 74 $8,810,000 $119,054
FLINT, MI 49 $8,755,000 $178,673
GRAND JUNCTION, CO 39 $8,585,000 $220,128
CARSON CITY, NV 47 $8,495,000 $180,745
LAWRENCE, KS 45 $8,125,000 $180,556
DAYTON-KETTERING, OH 51 $7,685,000 $150,686
STATE COLLEGE, PA 27 $7,665,000 $283,889
HAGERSTOWN-MARTINSBURG, MD-WV 42 $7,600,000 $180,952
AMARILLO, TX 47 $7,545,000 $160,532
LONGVIEW, TX 11 $7,525,000 $684,091
CANTON-MASSILLON, OH 39 $7,515,000 $192,692
COLUMBUS, GA-AL 39 $7,445,000 $190,897
DUBUQUE, IA 2 $7,430,000 $3,715,000
MEDFORD, OR 30 $7,420,000 $247,333
NEW BERN, NC 50 $7,340,000 $146,800
MACON-BIBB COUNTY, GA 55 $7,225,000 $131,364
SHREVEPORT-BOSSIER CITY, LA 34 $7,000,000 $205,882
SEBRING-AVON PARK, FL 57 $6,965,000 $122,193
ODESSA, TX 41 $6,925,000 $168,902
TOLEDO, OH 42 $6,820,000 $162,381
GULFPORT-BILOXI, MS 33 $6,635,000 $201,061
SHERMAN-DENISON, TX 29 $6,595,000 $227,414
MISSOULA, MT 26 $6,500,000 $250,000
MONROE, LA 30 $6,480,000 $216,000
LUBBOCK, TX 42 $6,470,000 $154,048
BLACKSBURG-CHRISTIANSBURG, VA 29 $6,275,000 $216,379
JACKSONVILLE, NC 53 $6,225,000 $117,453
BROWNSVILLE-HARLINGEN, TX 53 $6,225,000 $117,453
MONTGOMERY, AL 26 $6,050,000 $232,692
GLENS FALLS, NY 30 $6,000,000 $200,000
DOVER, DE 29 $5,875,000 $202,586
WINCHESTER, VA-WV 28 $5,850,000 $208,929
KALAMAZOO-PORTAGE, MI 32 $5,780,000 $180,625
BILLINGS, MT 22 $5,760,000 $261,818
ALBANY-LEBANON, OR 32 $5,730,000 $179,063
AUBURN-OPELIKA, AL 23 $5,675,000 $246,739
EL CENTRO, CA 40 $5,660,000 $141,500
HOT SPRINGS, AR 25 $5,505,000 $220,200
MOBILE, AL 30 $5,260,000 $175,333
TOPEKA, KS 47 $5,235,000 $111,383
PANAMA CITY, FL 23 $5,105,000 $221,957
ROCHESTER, MN 20 $5,080,000 $254,000
UTICA-ROME, NY 36 $4,940,000 $137,222
SOUTH BEND-MISHAWAKA, IN-MI 34 $4,930,000 $145,000
WARNER ROBINS, GA 40 $4,860,000 $121,500
LAFAYETTE, LA 18 $4,790,000 $266,111
VINELAND-BRIDGETON, NJ 51 $4,785,000 $93,824
HARRISONBURG, VA 29 $4,685,000 $161,552
DAVENPORT-MOLINE-ROCK ISLAND, IA-IL 27 $4,675,000 $173,148
JOHNSON CITY, TN 24 $4,530,000 $188,750
GREEN BAY, WI 22 $4,510,000 $205,000
BEAUMONT-PORT ARTHUR, TX 36 $4,500,000 $125,000
BLOOMINGTON, IN 14 $4,460,000 $318,571
DALTON, GA 32 $4,400,000 $137,500
VALDOSTA, GA 41 $4,385,000 $106,951
ROCKFORD, IL 32 $4,370,000 $136,563
GETTYSBURG, PA 22 $4,170,000 $189,545
STAUNTON, VA 22 $4,140,000 $188,182
TUSCALOOSA, AL 19 $4,045,000 $212,895
FORT WAYNE, IN 23 $3,985,000 $173,261
ABILENE, TX 30 $3,970,000 $132,333
JACKSON, MI 29 $3,875,000 $133,621
SIERRA VISTA-DOUGLAS, AZ 29 $3,835,000 $132,241
FARMINGTON, NM 28 $3,740,000 $133,571
BANGOR, ME 23 $3,735,000 $162,391
FLORENCE, SC 25 $3,725,000 $149,000
HUNTINGTON-ASHLAND, WV-KY-OH 21 $3,625,000 $172,619
CHARLESTON, WV 20 $3,610,000 $180,500
MUSKEGON, MI 20 $3,570,000 $178,500
KINGSPORT-BRISTOL, TN-VA 26 $3,520,000 $135,385
CEDAR RAPIDS, IA 17 $3,465,000 $203,824
EVANSVILLE, IN-KY 16 $3,430,000 $214,375
SUMTER, SC 24 $3,280,000 $136,667
GRANTS PASS, OR 12 $3,280,000 $273,333
CLEVELAND, TN 15 $3,205,000 $213,667
SAN ANGELO, TX 24 $3,170,000 $132,083
ERIE, PA 19 $3,085,000 $162,368
PUEBLO, CO 18 $3,070,000 $170,556
MICHIGAN CITY-LA PORTE, IN 14 $3,030,000 $216,429
LAREDO, TX 23 $3,015,000 $131,087
RACINE, WI 15 $3,015,000 $201,000
FARGO, ND-MN 13 $2,965,000 $228,077
JONESBORO, AR 17 $2,945,000 $173,235
APPLETON, WI 16 $2,910,000 $181,875
SAGINAW, MI 15 $2,905,000 $193,667
LINCOLN, NE 14 $2,900,000 $207,143
CAPE GIRARDEAU, MO-IL 21 $2,875,000 $136,905
BINGHAMTON, NY 17 $2,845,000 $167,353
YUMA, AZ 19 $2,815,000 $148,158
DULUTH, MN-WI 15 $2,815,000 $187,667
HOUMA-THIBODAUX, LA 17 $2,785,000 $163,824
SIOUX FALLS, SD 15 $2,735,000 $182,333
CASPER, WY 9 $2,725,000 $302,778
MORGANTOWN, WV 8 $2,560,000 $320,000
HANFORD-CORCORAN, CA 20 $2,440,000 $122,000
IDAHO FALLS, ID 14 $2,440,000 $174,286
DOTHAN, AL 12 $2,430,000 $202,500
LAKE CHARLES, LA 13 $2,415,000 $185,769
CHAMPAIGN-URBANA, IL 9 $2,365,000 $262,778
KANKAKEE, IL 17 $2,335,000 $137,353
ITHACA, NY 10 $2,310,000 $231,000
CHAMBERSBURG-WAYNESBORO, PA 12 $2,290,000 $190,833
MORRISTOWN, TN 12 $2,270,000 $189,167
FORT SMITH, AR-OK 17 $2,265,000 $133,235
PEORIA, IL 11 $2,125,000 $193,182
ROME, GA 12 $2,060,000 $171,667
WALLA WALLA, WA 13 $2,025,000 $155,769
IOWA CITY, IA 9 $2,015,000 $223,889
LOGAN, UT-ID 13 $1,785,000 $137,308
BATTLE CREEK, MI 13 $1,755,000 $135,000
SHEBOYGAN, WI 11 $1,745,000 $158,636
LEWISTON, ID-WA 8 $1,740,000 $217,500
LA CROSSE-ONALASKA, WI-MN 4 $1,690,000 $422,500
BLOOMINGTON, IL 10 $1,680,000 $168,000
ELMIRA, NY 9 $1,665,000 $185,000
GOLDSBORO, NC 11 $1,655,000 $150,455
OSHKOSH-NEENAH, WI 10 $1,650,000 $165,000
COLUMBUS, IN 5 $1,615,000 $323,000
LAFAYETTE-WEST LAFAYETTE, IN 6 $1,580,000 $263,333
VICTORIA, TX 7 $1,555,000 $222,143
JOPLIN, MO 13 $1,535,000 $118,077
ELKHART-GOSHEN, IN 14 $1,530,000 $109,286
BLOOMSBURG-BERWICK, PA 5 $1,445,000 $289,000
LEBANON, PA 7 $1,385,000 $197,857
DECATUR, AL 8 $1,350,000 $168,750
LAWTON, OK 6 $1,350,000 $225,000
ELIZABETHTOWN-FORT KNOX, KY 10 $1,350,000 $135,000
ST. CLOUD, MN 6 $1,270,000 $211,667
ALBANY, GA 7 $1,255,000 $179,286
WILLIAMSPORT, PA 7 $1,235,000 $176,429
SPRINGFIELD, IL 8 $1,230,000 $153,750
GREAT FALLS, MT 5 $1,225,000 $245,000
FLORENCE-MUSCLE SHOALS, AL 4 $1,180,000 $295,000
OWENSBORO, KY 6 $1,160,000 $193,333
HAMMOND, LA 8 $1,160,000 $145,000
TWIN FALLS, ID 7 $1,155,000 $165,000
AMES, IA 9 $1,145,000 $127,222
MANKATO, MN 5 $1,125,000 $225,000
MIDLAND, MI 7 $1,125,000 $160,714
ANNISTON-OXFORD, AL 5 $1,105,000 $221,000
JEFFERSON CITY, MO 9 $1,085,000 $120,556
WHEELING, WV-OH 5 $1,075,000 $215,000
EAU CLAIRE, WI 5 $1,045,000 $209,000
RAPID CITY, SD 6 $1,040,000 $173,333
SIOUX CITY, IA-NE-SD 5 $1,025,000 $205,000
WICHITA FALLS, TX 7 $965,000 $137,857
LEWISTON-AUBURN, ME 11 $925,000 $84,091
ROCKY MOUNT, NC 6 $880,000 $146,667
WATERLOO-CEDAR FALLS, IA 6 $880,000 $146,667
POCATELLO, ID 6 $850,000 $141,667
MANHATTAN, KS 4 $830,000 $207,500
GRAND FORKS, ND-MN 4 $810,000 $202,500
MANSFIELD, OH 5 $805,000 $161,000
HATTIESBURG, MS 7 $745,000 $106,429
DECATUR, IL 5 $715,000 $143,000
MUNCIE, IN 7 $715,000 $102,143
ALEXANDRIA, LA 6 $630,000 $105,000
TEXARKANA, TX-AR 6 $630,000 $105,000
CARBONDALE-MARION, IL 6 $630,000 $105,000
HINESVILLE, GA 8 $630,000 $78,750
BECKLEY, WV 3 $625,000 $208,333
SPRINGFIELD, OH 4 $620,000 $155,000
BOWLING GREEN, KY 4 $610,000 $152,500
LIMA, OH 2 $590,000 $295,000
PINE BLUFF, AR 6 $570,000 $95,000
ST. JOSEPH, MO-KS 5 $565,000 $113,000
KOKOMO, IN 3 $525,000 $175,000
CUMBERLAND, MD-WV 4 $520,000 $130,000
FOND DU LAC, WI 2 $510,000 $255,000
WATERTOWN-FORT DRUM, NY 3 $505,000 $168,333
FAIRBANKS, AK 2 $490,000 $245,000
GADSDEN, AL 4 $470,000 $117,500
ENID, OK 2 $440,000 $220,000
CHEYENNE, WY 4 $440,000 $110,000
JANESVILLE-BELOIT, WI 5 $425,000 $85,000
BAY CITY, MI 5 $415,000 $83,000
WAUSAU-WESTON, WI 3 $265,000 $88,333
GRAND ISLAND, NE 1 $155,000 $155,000
TERRE HAUTE, IN 3 $135,000 $45,000
JOHNSTOWN, PA 1 $135,000 $135,000
ALTOONA, PA 2 $130,000 $65,000
PARKERSBURG-VIENNA, WV 2 $120,000 $60,000
WEIRTON-STEUBENVILLE, WV-OH 2 $70,000 $35,000
DANVILLE, IL 1 $35,000 $35,000

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% 5,280 $5,159,410,000 $977,161
2.5-3% 16,174 $14,444,840,000 $893,090
3-4% 128,658 $53,904,940,000 $418,979
4-5% 40,994 $9,498,360,000 $231,701
5-6% 15,358 $1,608,160,000 $104,712
6-7% 5,273 $518,585,000 $98,347
7-8% 1,108 $77,650,000 $70,081
Over 8% 1,756 $56,320,000 $32,073

Loan Sizing

Loan Size Originations Total Value Average Loan
$100,000 or less 34,259 $1,958,245,000 $57,160
$100k-200k 58,631 $7,932,165,000 $135,290
$200k-400k 53,820 $15,066,200,000 $279,937
$400k-600k 26,845 $13,228,275,000 $492,765
$600k-1000k 25,577 $19,445,145,000 $760,259
$Over $1MM 15,469 $27,638,235,000 $1,786,685

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% 41,241 $8,848,425,000 $214,554
40-60% 34,142 $15,170,430,000 $444,333
60-80% 64,240 $38,733,540,000 $602,950
80-100% 41,822 $19,046,200,000 $455,411
Over 100% 443 $130,035,000 $293,533
Under 20% 32,477 $3,265,835,000 $100,558

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 42,552 $10,856,610,000 $255,137
$150k-250k 46,975 $19,315,345,000 $411,184
$50k-75k 28,310 $4,328,670,000 $152,903
$50k-or less 19,396 $2,488,890,000 $128,320
$75k-100k 26,282 $4,946,750,000 $188,218
$Over $250k 40,888 $34,915,610,000 $853,933

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan
White 134,569 $45,248,265,000 $336,246
Asian 27,264 $15,195,100,000 $557,332
Not provided 35,449 $15,129,785,000 $426,804
Not applicable 668 $4,854,790,000 $7,267,650
Black 10,114 $2,160,100,000 $213,575
Asian Indian 3,111 $1,576,915,000 $506,884
Chinese 636 $321,070,000 $504,827
American Indian 1,034 $222,110,000 $214,807
Other Asian 423 $202,025,000 $477,600
Filipino 455 $109,155,000 $239,901
Korean 226 $68,420,000 $302,743
Vietnamese 185 $50,805,000 $274,622
Native Hawaiian 172 $48,130,000 $279,826
Other Pacific Islander 139 $36,435,000 $262,122
Japanese 94 $27,730,000 $295,000
37 $9,535,000 $257,703
Native Hawiian 18 $5,260,000 $292,222
Guamanian 5 $2,025,000 $405,000
Samoan 2 $610,000 $305,000

Approval Rates

Total approvals of all applications
64.82%

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
77.58%

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 214,601 $85,268,265,000 $397,334

Origination Fees

Origination Fee Originations Total Value Average Loan
$<1k 41,815 $26,421,125,000 $631,858
$1k-2k 62,410 $31,755,650,000 $508,823
$2k-3k 10,245 $3,458,525,000 $337,582
$3k-4k 8,675 $3,290,005,000 $379,251
$5k+ 6,607 $3,186,295,000 $482,260

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 7 $62,105,000 $8,872,143
Multifamily:Site-Built 37 $1,858,245,000 $50,222,838
Single Family (1-4 Units):Manufactured 25 $2,955,000 $118,200
Single Family (1-4 Units):Site-Built 214,532 $83,344,960,000 $388,497