Cbna

Providence, RI 02903

LEI: DRMSV1Q0EKMEXLAU1P80

Tax ID: 20-2635739

2019 Data *Active* | 2018 Data


Overview

Cbna is a large mortgage company specializing in Home Purchase and Refi loans. Cbna 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 New York, Cambridge, Boston, Montgomery County, and Providence 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. Cbna is typically a normal fee lendor.


Originations

89,868

Origination Dollar Volume (All Markets)

$21,012,360,000

Product Mix

Loan Type Originations Total Value Average Loan
Conventional 84,510 $19,848,980,000 $234,871
FHA 3,360 $673,530,000 $200,455
VA 1,551 $422,735,000 $272,556
USDA 447 $67,115,000 $150,145

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 30,105 $9,136,965,000 $303,503
Home Improvement 11,393 $1,197,415,000 $105,101
Other 9,193 $1,173,445,000 $127,645
Refi 30,026 $7,115,580,000 $236,981
Cash Out Refi 9,151 $2,388,955,000 $261,059

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
NEW YORK-JERSEY CITY-WHITE PLAINS, NY-NJ 3,707 $1,898,885,000 $512,243
CAMBRIDGE-NEWTON-FRAMINGHAM, MA 4,719 $1,441,195,000 $305,403
BOSTON, MA 4,557 $1,213,865,000 $266,374
MONTGOMERY COUNTY-BUCKS COUNTY-CHESTER COUNTY, PA 4,700 $1,083,150,000 $230,457
PROVIDENCE-WARWICK, RI-MA 5,257 $899,995,000 $171,199
NASSAU COUNTY-SUFFOLK COUNTY, NY 2,065 $898,485,000 $435,102
Outside of Metro Areas 4,931 $889,035,000 $180,295
PITTSBURGH, PA 4,597 $632,085,000 $137,499
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV 1,005 $547,625,000 $544,900
PHILADELPHIA, PA 3,125 $531,995,000 $170,238
WARREN-TROY-FARMINGTON HILLS, MI 2,720 $444,130,000 $163,283
HOUSTON-THE WOODLANDS-SUGAR LAND, TX 1,312 $341,130,000 $260,008
CLEVELAND-ELYRIA, OH 2,465 $321,395,000 $130,383
DALLAS-PLANO-IRVING, TX 1,074 $315,360,000 $293,631
NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN 965 $293,625,000 $304,275
BRIDGEPORT-STAMFORD-NORWALK, CT 563 $280,055,000 $497,433
OCEAN CITY, NJ 388 $243,490,000 $627,552
BUFFALO-CHEEKTOWAGA, NY 2,230 $236,950,000 $106,256
ROCKINGHAM COUNTY-STRAFFORD COUNTY, NH 1,299 $229,295,000 $176,517
FREDERICK-GAITHERSBURG-ROCKVILLE, MD 350 $195,250,000 $557,857
BARNSTABLE TOWN, MA 857 $194,695,000 $227,182
NEW BRUNSWICK-LAKEWOOD, NJ 620 $181,470,000 $292,694
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA 644 $178,130,000 $276,599
CAMDEN, NJ 903 $175,655,000 $194,524
MANCHESTER-NASHUA, NH 1,028 $168,800,000 $164,202
HARTFORD-EAST HARTFORD-MIDDLETOWN, CT 851 $167,415,000 $196,727
DETROIT-DEARBORN-LIVONIA, MI 1,434 $162,780,000 $113,515
NEWARK, NJ-PA 499 $158,805,000 $318,246
WORCESTER, MA-CT 757 $153,445,000 $202,701
CHICAGO-NAPERVILLE-EVANSTON, IL 440 $150,490,000 $342,023
NEW HAVEN-MILFORD, CT 744 $150,390,000 $202,137
CHARLESTON-NORTH CHARLESTON, SC 296 $144,930,000 $489,628
CHARLOTTE-CONCORD-GASTONIA, NC-SC 254 $126,700,000 $498,819
BALTIMORE-COLUMBIA-TOWSON, MD 328 $124,010,000 $378,079
RALEIGH-CARY, NC 328 $123,760,000 $377,317
ROCHESTER, NY 1,130 $114,810,000 $101,602
HARRISBURG-CARLISLE, PA 639 $112,935,000 $176,737
BIRMINGHAM-HOOVER, AL 434 $108,750,000 $250,576
INDIANAPOLIS-CARMEL-ANDERSON, IN 437 $100,875,000 $230,835
SPRINGFIELD, MA 702 $93,690,000 $133,462
TAMPA-ST. PETERSBURG-CLEARWATER, FL 390 $92,950,000 $238,333
FORT WORTH-ARLINGTON-GRAPEVINE, TX 347 $91,065,000 $262,435
SALISBURY, MD-DE 350 $88,660,000 $253,314
PORTLAND-SOUTH PORTLAND, ME 333 $88,055,000 $264,429
ALBANY-SCHENECTADY-TROY, NY 637 $84,645,000 $132,881
AKRON, OH 747 $81,875,000 $109,605
WILMINGTON, DE-MD-NJ 499 $80,135,000 $160,591
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL 250 $78,650,000 $314,600
TOLEDO, OH 661 $78,265,000 $118,404
ORLANDO-KISSIMMEE-SANFORD, FL 314 $78,170,000 $248,949
LANCASTER, PA 460 $78,150,000 $169,891
LOS ANGELES-LONG BEACH-GLENDALE, CA 151 $77,745,000 $514,868
DENVER-AURORA-LAKEWOOD, CO 211 $77,455,000 $367,085
NEW ORLEANS-METAIRIE, LA 131 $77,185,000 $589,198
PORTLAND-VANCOUVER-HILLSBORO, OR-WA 223 $74,335,000 $333,341
CINCINNATI, OH-KY-IN 400 $74,050,000 $185,125
PHOENIX-MESA-CHANDLER, AZ 268 $72,900,000 $272,015
OMAHA-COUNCIL BLUFFS, NE-IA 320 $68,960,000 $215,500
NORTH PORT-SARASOTA-BRADENTON, FL 248 $66,890,000 $269,718
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR 319 $65,695,000 $205,940
LOUISVILLE/JEFFERSON COUNTY, KY-IN 300 $63,620,000 $212,067
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC 188 $63,030,000 $335,266
KNOXVILLE, TN 273 $61,835,000 $226,502
RICHMOND, VA 207 $61,235,000 $295,821
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ 307 $60,815,000 $198,094
POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY 391 $60,795,000 $155,486
SACRAMENTO-ROSEVILLE-FOLSOM, CA 173 $60,545,000 $349,971
COLUMBUS, OH 283 $60,475,000 $213,693
ATLANTIC CITY-HAMMONTON, NJ 183 $59,225,000 $323,634
CANTON-MASSILLON, OH 594 $59,100,000 $99,495
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL 273 $58,475,000 $214,194
WINSTON-SALEM, NC 195 $58,405,000 $299,513
ST. LOUIS, MO-IL 249 $58,055,000 $233,153
READING, PA 452 $55,490,000 $122,765
NORWICH-NEW LONDON, CT 356 $54,730,000 $153,736
PENSACOLA-FERRY PASS-BRENT, FL 289 $52,465,000 $181,540
JACKSONVILLE, FL 186 $49,910,000 $268,333
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI 146 $49,260,000 $337,397
SCRANTON--WILKES-BARRE, PA 438 $46,650,000 $106,507
FORT LAUDERDALE-POMPANO BEACH-SUNRISE, FL 150 $46,610,000 $310,733
STATE COLLEGE, PA 242 $46,090,000 $190,455
AUSTIN-ROUND ROCK-GEORGETOWN, TX 156 $45,270,000 $290,192
BOWLING GREEN, KY 207 $44,155,000 $213,309
SAN ANTONIO-NEW BRAUNFELS, TX 155 $43,045,000 $277,710
YORK-HANOVER, PA 280 $42,420,000 $151,500
ASHEVILLE, NC 151 $42,295,000 $280,099
LAKELAND-WINTER HAVEN, FL 202 $40,730,000 $201,634
OKLAHOMA CITY, OK 194 $40,590,000 $209,227
CAPE CORAL-FORT MYERS, FL 172 $38,840,000 $225,814
FAYETTEVILLE-SPRINGDALE-ROGERS, AR 183 $38,765,000 $211,831
OGDEN-CLEARFIELD, UT 132 $38,610,000 $292,500
SAN DIEGO-CHULA VISTA-CARLSBAD, CA 89 $38,575,000 $433,427
NAPLES-MARCO ISLAND, FL 115 $38,325,000 $333,261
GARY, IN 186 $37,750,000 $202,957
LAS VEGAS-HENDERSON-PARADISE, NV 147 $37,555,000 $255,476
BEAUMONT-PORT ARTHUR, TX 193 $36,945,000 $191,425
BURLINGTON-SOUTH BURLINGTON, VT 195 $36,315,000 $186,231
MEMPHIS, TN-MS-AR 150 $35,300,000 $235,333
DAPHNE-FAIRHOPE-FOLEY, AL 153 $33,935,000 $221,797
GREENVILLE-ANDERSON, SC 164 $33,160,000 $202,195
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC 93 $33,115,000 $356,075
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA 96 $33,050,000 $344,271
HUNTSVILLE, AL 149 $33,015,000 $221,577
SYRACUSE, NY 290 $31,180,000 $107,517
ANAHEIM-SANTA ANA-IRVINE, CA 60 $29,890,000 $498,167
GREENSBORO-HIGH POINT, NC 86 $29,610,000 $344,302
MIAMI-MIAMI BEACH-KENDALL, FL 60 $28,740,000 $479,000
LAKE CHARLES, LA 127 $28,695,000 $225,945
KANSAS CITY, MO-KS 128 $28,560,000 $223,125
EL PASO, TX 176 $27,660,000 $157,159
ANN ARBOR, MI 135 $27,455,000 $203,370
PORT ST. LUCIE, FL 111 $26,875,000 $242,117
LYNCHBURG, VA 130 $26,170,000 $201,308
DURHAM-CHAPEL HILL, NC 73 $26,105,000 $357,603
YOUNGSTOWN-WARREN-BOARDMAN, OH-PA 263 $26,015,000 $98,916
SEATTLE-BELLEVUE-KENT, WA 67 $25,625,000 $382,463
OAKLAND-BERKELEY-LIVERMORE, CA 55 $24,725,000 $449,545
MILWAUKEE-WAUKESHA, WI 95 $24,245,000 $255,211
CLARKSVILLE, TN-KY 125 $24,085,000 $192,680
HOUMA-THIBODAUX, LA 119 $23,435,000 $196,933
LINCOLN, NE 95 $20,825,000 $219,211
TULSA, OK 98 $20,440,000 $208,571
SALT LAKE CITY, UT 66 $20,410,000 $309,242
TRENTON-PRINCETON, NJ 73 $19,925,000 $272,945
CHATTANOOGA, TN-GA 85 $18,965,000 $223,118
HOT SPRINGS, AR 104 $18,920,000 $181,923
COLLEGE STATION-BRYAN, TX 76 $18,920,000 $248,947
ALTOONA, PA 180 $18,900,000 $105,000
SPRINGFIELD, MO 108 $18,650,000 $172,685
LAKE COUNTY-KENOSHA COUNTY, IL-WI 50 $18,530,000 $370,600
DOVER, DE 142 $17,890,000 $125,986
EAST STROUDSBURG, PA 159 $17,755,000 $111,667
MADISON, WI 61 $17,705,000 $290,246
SHREVEPORT-BOSSIER CITY, LA 74 $17,610,000 $237,973
ERIE, PA 172 $17,260,000 $100,349
JOHNSON CITY, TN 85 $16,725,000 $196,765
CEDAR RAPIDS, IA 93 $16,675,000 $179,301
SIOUX CITY, IA-NE-SD 91 $16,035,000 $176,209
COLORADO SPRINGS, CO 56 $15,840,000 $282,857
GRAND RAPIDS-KENTWOOD, MI 81 $15,175,000 $187,346
SIOUX FALLS, SD 61 $14,715,000 $241,230
ELIZABETHTOWN-FORT KNOX, KY 75 $14,445,000 $192,600
MONROE, MI 97 $14,445,000 $148,918
LANSING-EAST LANSING, MI 124 $14,150,000 $114,113
HICKORY-LENOIR-MORGANTON, NC 41 $14,065,000 $343,049
ROANOKE, VA 83 $13,785,000 $166,084
KINGSTON, NY 88 $13,490,000 $153,295
GLENS FALLS, NY 108 $13,290,000 $123,056
WILMINGTON, NC 37 $13,045,000 $352,568
SANTA ROSA-PETALUMA, CA 34 $12,360,000 $363,529
TACOMA-LAKEWOOD, WA 36 $12,280,000 $341,111
PALM BAY-MELBOURNE-TITUSVILLE, FL 54 $12,160,000 $225,185
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA 18 $12,130,000 $673,889
SAN JOSE-SUNNYVALE-SANTA CLARA, CA 19 $11,275,000 $593,421
BISMARCK, ND 46 $11,040,000 $240,000
CHARLOTTESVILLE, VA 28 $10,950,000 $391,071
PROVO-OREM, UT 38 $10,940,000 $287,895
MORRISTOWN, TN 70 $10,760,000 $153,714
BOULDER, CO 27 $10,515,000 $389,444
GULFPORT-BILOXI, MS 53 $10,325,000 $194,811
LEXINGTON-FAYETTE, KY 48 $10,250,000 $213,542
CUMBERLAND, MD-WV 71 $10,235,000 $144,155
BINGHAMTON, NY 112 $9,930,000 $88,661
KINGSPORT-BRISTOL, TN-VA 61 $9,835,000 $161,230
FLINT, MI 71 $9,725,000 $136,972
JONESBORO, AR 45 $8,765,000 $194,778
PITTSFIELD, MA 51 $8,725,000 $171,078
KALAMAZOO-PORTAGE, MI 57 $8,455,000 $148,333
HARRISONBURG, VA 32 $8,390,000 $262,188
LUBBOCK, TX 40 $8,270,000 $206,750
UTICA-ROME, NY 86 $8,060,000 $93,721
ANNISTON-OXFORD, AL 47 $7,895,000 $167,979
LEBANON, PA 40 $7,880,000 $197,000
MONROE, LA 41 $7,875,000 $192,073
ODESSA, TX 33 $7,535,000 $228,333
LAFAYETTE, LA 32 $7,340,000 $229,375
HAGERSTOWN-MARTINSBURG, MD-WV 39 $7,245,000 $185,769
SPARTANBURG, SC 40 $7,190,000 $179,750
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL 18 $7,170,000 $398,333
GETTYSBURG, PA 34 $6,460,000 $190,000
HILTON HEAD ISLAND-BLUFFTON, SC 18 $6,360,000 $353,333
LOGAN, UT-ID 27 $6,175,000 $228,704
OXNARD-THOUSAND OAKS-VENTURA, CA 16 $5,970,000 $373,125
SEBRING-AVON PARK, FL 40 $5,730,000 $143,250
SEBASTIAN-VERO BEACH, FL 22 $5,690,000 $258,636
SAVANNAH, GA 16 $5,500,000 $343,750
LAWRENCE, KS 19 $5,405,000 $284,474
COLUMBIA, SC 19 $5,085,000 $267,632
DAYTON-KETTERING, OH 39 $4,975,000 $127,564
SAN RAFAEL, CA 4 $4,910,000 $1,227,500
CHAMBERSBURG-WAYNESBORO, PA 36 $4,880,000 $135,556
FAYETTEVILLE, NC 29 $4,865,000 $167,759
SALEM, OR 19 $4,765,000 $250,789
TUSCALOOSA, AL 17 $4,685,000 $275,588
MIDLAND, TX 15 $4,565,000 $304,333
PUNTA GORDA, FL 26 $4,430,000 $170,385
PINE BLUFF, AR 22 $4,280,000 $194,545
GREELEY, CO 13 $4,195,000 $322,692
BELLINGHAM, WA 14 $4,140,000 $295,714
SAGINAW, MI 42 $4,090,000 $97,381
TUCSON, AZ 21 $4,025,000 $191,667
BROWNSVILLE-HARLINGEN, TX 20 $4,000,000 $200,000
HINESVILLE, GA 21 $3,985,000 $189,762
VALLEJO, CA 10 $3,810,000 $381,000
FORT COLLINS, CO 10 $3,760,000 $376,000
DALTON, GA 19 $3,715,000 $195,526
ST. CLOUD, MN 24 $3,700,000 $154,167
ELGIN, IL 18 $3,690,000 $205,000
JACKSON, MS 15 $3,605,000 $240,333
LONGVIEW, TX 17 $3,555,000 $209,118
TALLAHASSEE, FL 15 $3,505,000 $233,667
KILLEEN-TEMPLE, TX 14 $3,490,000 $249,286
JOPLIN, MO 26 $3,360,000 $129,231
MONTGOMERY, AL 13 $3,225,000 $248,077
STOCKTON, CA 10 $3,130,000 $313,000
ITHACA, NY 13 $3,105,000 $238,846
EUGENE-SPRINGFIELD, OR 13 $3,075,000 $236,538
AUGUSTA-RICHMOND COUNTY, GA-SC 22 $3,010,000 $136,818
BLACKSBURG-CHRISTIANSBURG, VA 15 $2,925,000 $195,000
FORT WAYNE, IN 16 $2,910,000 $181,875
BATON ROUGE, LA 10 $2,830,000 $283,000
MICHIGAN CITY-LA PORTE, IN 13 $2,825,000 $217,308
HAMMOND, LA 16 $2,820,000 $176,250
MCALLEN-EDINBURG-MISSION, TX 14 $2,670,000 $190,714
AUBURN-OPELIKA, AL 11 $2,665,000 $242,273
MOBILE, AL 17 $2,635,000 $155,000
LAREDO, TX 13 $2,615,000 $201,154
BEND, OR 8 $2,560,000 $320,000
BRUNSWICK, GA 12 $2,540,000 $211,667
THE VILLAGES, FL 9 $2,525,000 $280,556
SOUTH BEND-MISHAWAKA, IN-MI 18 $2,430,000 $135,000
HATTIESBURG, MS 17 $2,415,000 $142,059
FLORENCE-MUSCLE SHOALS, AL 10 $2,410,000 $241,000
SHERMAN-DENISON, TX 11 $2,395,000 $217,727
NAPA, CA 6 $2,390,000 $398,333
JACKSONVILLE, NC 13 $2,375,000 $182,692
JACKSON, MI 11 $2,325,000 $211,364
GAINESVILLE, GA 10 $2,310,000 $231,000
JACKSON, TN 13 $2,245,000 $172,692
PEORIA, IL 18 $2,220,000 $123,333
SALINAS, CA 7 $2,205,000 $315,000
BOISE CITY, ID 8 $2,170,000 $271,250
WINCHESTER, VA-WV 9 $2,165,000 $240,556
NILES, MI 12 $2,160,000 $180,000
RAPID CITY, SD 10 $2,150,000 $215,000
LAKE HAVASU CITY-KINGMAN, AZ 11 $2,105,000 $191,364
WICHITA, KS 9 $2,055,000 $228,333
MOUNT VERNON-ANACORTES, WA 4 $2,020,000 $505,000
BILLINGS, MT 3 $1,965,000 $655,000
BLOOMINGTON, IN 11 $1,945,000 $176,818
SANTA MARIA-SANTA BARBARA, CA 6 $1,940,000 $323,333
ALBUQUERQUE, NM 9 $1,795,000 $199,444
VINELAND-BRIDGETON, NJ 15 $1,745,000 $116,333
FLAGSTAFF, AZ 5 $1,725,000 $345,000
MEDFORD, OR 7 $1,715,000 $245,000
SAN LUIS OBISPO-PASO ROBLES, CA 4 $1,680,000 $420,000
BURLINGTON, NC 7 $1,675,000 $239,286
OLYMPIA-LACEY-TUMWATER, WA 6 $1,670,000 $278,333
ROCHESTER, MN 8 $1,660,000 $207,500
LEWISTON-AUBURN, ME 9 $1,655,000 $183,889
DECATUR, AL 12 $1,630,000 $135,833
TYLER, TX 7 $1,605,000 $229,286
JOHNSTOWN, PA 17 $1,585,000 $93,235
CORVALLIS, OR 5 $1,575,000 $315,000
RACINE, WI 7 $1,575,000 $225,000
PANAMA CITY, FL 6 $1,510,000 $251,667
JANESVILLE-BELOIT, WI 8 $1,510,000 $188,750
MANSFIELD, OH 12 $1,490,000 $124,167
MODESTO, CA 6 $1,470,000 $245,000
GRAND JUNCTION, CO 6 $1,450,000 $241,667
WILLIAMSPORT, PA 9 $1,445,000 $160,556
CLEVELAND, TN 7 $1,425,000 $203,571
LAWTON, OK 7 $1,395,000 $199,286
HOMOSASSA SPRINGS, FL 9 $1,395,000 $155,000
CALIFORNIA-LEXINGTON PARK, MD 3 $1,375,000 $458,333
TERRE HAUTE, IN 8 $1,360,000 $170,000
CORPUS CHRISTI, TX 8 $1,340,000 $167,500
EAU CLAIRE, WI 5 $1,305,000 $261,000
WHEELING, WV-OH 8 $1,280,000 $160,000
GREENVILLE, NC 6 $1,230,000 $205,000
EVANSVILLE, IN-KY 8 $1,230,000 $153,750
IOWA CITY, IA 5 $1,225,000 $245,000
RENO, NV 4 $1,220,000 $305,000
OCALA, FL 9 $1,205,000 $133,889
COLUMBUS, IN 3 $1,155,000 $385,000
SANTA FE, NM 3 $1,155,000 $385,000
FARGO, ND-MN 3 $1,145,000 $381,667
STAUNTON, VA 4 $1,120,000 $280,000
ELMIRA, NY 7 $1,085,000 $155,000
MUSKEGON, MI 5 $1,025,000 $205,000
ATHENS-CLARKE COUNTY, GA 5 $1,005,000 $201,000
PRESCOTT VALLEY-PRESCOTT, AZ 5 $975,000 $195,000
BANGOR, ME 7 $975,000 $139,286
BAKERSFIELD, CA 6 $970,000 $161,667
BREMERTON-SILVERDALE-PORT ORCHARD, WA 3 $955,000 $318,333
CHARLESTON, WV 3 $945,000 $315,000
GRAND ISLAND, NE 7 $925,000 $132,143
KENNEWICK-RICHLAND, WA 3 $865,000 $288,333
FLORENCE, SC 7 $855,000 $122,143
GREEN BAY, WI 4 $850,000 $212,500
PUEBLO, CO 5 $845,000 $169,000
DES MOINES-WEST DES MOINES, IA 5 $815,000 $163,000
WICHITA FALLS, TX 3 $815,000 $271,667
KANKAKEE, IL 5 $745,000 $149,000
HUNTINGTON-ASHLAND, WV-KY-OH 5 $735,000 $147,000
ST. GEORGE, UT 4 $720,000 $180,000
SANTA CRUZ-WATSONVILLE, CA 2 $710,000 $355,000
GAINESVILLE, FL 5 $695,000 $139,000
BLOOMSBURG-BERWICK, PA 6 $680,000 $113,333
ELKHART-GOSHEN, IN 2 $670,000 $335,000
OWENSBORO, KY 3 $665,000 $221,667
ALEXANDRIA, LA 3 $665,000 $221,667
MIDLAND, MI 3 $635,000 $211,667
WATERTOWN-FORT DRUM, NY 5 $625,000 $125,000
WEIRTON-STEUBENVILLE, WV-OH 7 $585,000 $83,571
CHICO, CA 2 $570,000 $285,000
WACO, TX 4 $570,000 $142,500
BAY CITY, MI 5 $565,000 $113,000
LA CROSSE-ONALASKA, WI-MN 2 $550,000 $275,000
MANKATO, MN 3 $545,000 $181,667
SPOKANE-SPOKANE VALLEY, WA 3 $505,000 $168,333
ABILENE, TX 3 $505,000 $168,333
WAUSAU-WESTON, WI 2 $500,000 $250,000
MISSOULA, MT 3 $495,000 $165,000
GADSDEN, AL 4 $490,000 $122,500
GOLDSBORO, NC 2 $490,000 $245,000
LAFAYETTE-WEST LAFAYETTE, IN 4 $480,000 $120,000
DAVENPORT-MOLINE-ROCK ISLAND, IA-IL 2 $470,000 $235,000
WALLA WALLA, WA 1 $445,000 $445,000
GREAT FALLS, MT 2 $440,000 $220,000
MERCED, CA 2 $430,000 $215,000
DULUTH, MN-WI 3 $425,000 $141,667
SPRINGFIELD, OH 4 $420,000 $105,000
BLOOMINGTON, IL 3 $415,000 $138,333
FRESNO, CA 1 $415,000 $415,000
MUNCIE, IN 2 $410,000 $205,000
TOPEKA, KS 4 $410,000 $102,500
COEUR D'ALENE, ID 1 $405,000 $405,000
CHEYENNE, WY 2 $400,000 $200,000
REDDING, CA 2 $400,000 $200,000
CAPE GIRARDEAU, MO-IL 2 $390,000 $195,000
BATTLE CREEK, MI 4 $390,000 $97,500
APPLETON, WI 1 $355,000 $355,000
ROME, GA 3 $345,000 $115,000
NEW BERN, NC 2 $340,000 $170,000
MORGANTOWN, WV 2 $330,000 $165,000
VALDOSTA, GA 2 $330,000 $165,000
LAS CRUCES, NM 3 $315,000 $105,000
CHAMPAIGN-URBANA, IL 2 $310,000 $155,000
YUBA CITY, CA 1 $305,000 $305,000
YAKIMA, WA 1 $295,000 $295,000
VICTORIA, TX 1 $295,000 $295,000
FOND DU LAC, WI 2 $290,000 $145,000
GRAND FORKS, ND-MN 1 $265,000 $265,000
EL CENTRO, CA 1 $255,000 $255,000
SUMTER, SC 2 $240,000 $120,000
POCATELLO, ID 1 $225,000 $225,000
ALBANY-LEBANON, OR 1 $215,000 $215,000
AMES, IA 1 $215,000 $215,000
AMARILLO, TX 2 $200,000 $100,000
VISALIA, CA 1 $185,000 $185,000
MACON-BIBB COUNTY, GA 1 $175,000 $175,000
FORT SMITH, AR-OK 1 $175,000 $175,000
DUBUQUE, IA 1 $165,000 $165,000
COLUMBUS, GA-AL 2 $160,000 $80,000
WATERLOO-CEDAR FALLS, IA 1 $155,000 $155,000
DANVILLE, IL 2 $150,000 $75,000
SAN ANGELO, TX 1 $145,000 $145,000
WENATCHEE, WA 1 $115,000 $115,000
SPRINGFIELD, IL 1 $105,000 $105,000
LONGVIEW, WA 1 $105,000 $105,000
ANCHORAGE, AK 1 $105,000 $105,000
LIMA, OH 1 $95,000 $95,000
DECATUR, IL 1 $85,000 $85,000
ROCKFORD, IL 1 $65,000 $65,000
COLUMBIA, MO 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% 53 $63,805,000 $1,203,868
2.5-3% 1,298 $970,290,000 $747,527
3-4% 30,658 $9,884,250,000 $322,404
4-5% 31,808 $7,380,630,000 $232,037
5-6% 13,464 $1,927,850,000 $143,186
6-7% 5,484 $430,320,000 $78,468
7-8% 3,947 $232,845,000 $58,993
Over 8% 3,156 $122,370,000 $38,774

Loan Sizing

Loan Size Originations Total Value Average Loan
$100,000 or less 20,115 $1,179,945,000 $58,660
$100k-200k 31,743 $4,358,535,000 $137,307
$200k-400k 25,699 $7,185,955,000 $279,620
$400k-600k 7,661 $3,625,455,000 $473,235
$600k-1000k 3,223 $2,400,195,000 $744,708
$Over $1MM 1,427 $2,262,275,000 $1,585,336

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% 15,913 $2,115,305,000 $132,929
40-60% 12,992 $3,075,020,000 $236,686
60-80% 26,259 $8,025,825,000 $305,641
80-100% 24,226 $6,957,280,000 $287,182
Over 100% 276 $81,610,000 $295,688
Under 20% 10,157 $752,385,000 $74,076

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 19,401 $4,419,505,000 $227,798
$150k-250k 14,527 $4,465,795,000 $307,413
$50k-75k 17,916 $2,666,330,000 $148,824
$50k-or less 13,978 $1,489,310,000 $106,547
$75k-100k 14,700 $2,690,760,000 $183,045
$Over $250k 8,339 $4,941,745,000 $592,606

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan
White 67,948 $15,214,120,000 $223,908
Not provided 13,622 $3,735,630,000 $274,235
Asian 3,900 $1,161,190,000 $297,741
Black 3,670 $594,770,000 $162,063
Not applicable 20 $130,240,000 $6,512,000
Asian Indian 120 $63,540,000 $529,500
American Indian 334 $56,220,000 $168,323
Native Hawaiian 140 $21,090,000 $150,643
Other Asian 53 $14,735,000 $278,019
Chinese 16 $7,730,000 $483,125
Korean 10 $5,750,000 $575,000
Filipino 10 $3,250,000 $325,000
Other Pacific Islander 20 $2,700,000 $135,000
Vietnamese 1 $475,000 $475,000
1 $395,000 $395,000
Japanese 1 $315,000 $315,000
Guamanian 1 $135,000 $135,000
Native Hawiian 1 $75,000 $75,000

Approval Rates

Total approvals of all applications
76.30%

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
88.13%

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 89,868 $21,012,360,000 $233,814

Origination Fees

Origination Fee Originations Total Value Average Loan
$<1k 23,467 $7,894,475,000 $336,408
$1k-2k 13,551 $3,202,215,000 $236,308
$2k-3k 4,012 $1,110,090,000 $276,692
$3k-4k 3,900 $1,533,690,000 $393,254
$5k+ 2,204 $1,053,020,000 $477,777

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:Site-Built 16 $127,510,000 $7,969,375
Single Family (1-4 Units):Site-Built 89,852 $20,884,850,000 $232,436