Amerant Bank National Association Mortgage Rates, Fees & Info

Coral Gables, FL

LEI: UPMVBH3EU3LS6P1KR697

Tax ID: 59-1846933

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Mortgage Data

Review & Overview

Amerant Bank National Association is a smaller bank specializing in Home Improvement and Cash Out Refi loans. Amerant Bank National Association has a low ratio of conventional loans. Their top markets by origination volume include: Miami, Houston, Key West, Port St. Lucie, and Naples among others. We have data for 8 markets. (Some data included below & more in-depth data is available with an active subscription.)

Amerant Bank National Association has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. They typically have relatively high rates.

We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

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SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
Home Equity Line of Credit (HELOC) 3.80% 5/26/24
30 Year Conventional Purchase 6.27% 5/26/24
30 Year Conventional Refi 6.27% 5/26/24
30 Year Cash-out Refi 6.27% 5/26/24
30 Year FHA Purchase 6.27% 5/26/24
30 Year VA Purchase 6.27% 5/26/24
15 Year Conventional Purchase 5.68% 5/26/24
15 Year Conventional Refi 5.68% 5/26/24
15 Year Cash-out Refi 5.68% 5/26/24
These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

Amerant Bank National Association Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from Amerant Bank National Association. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

The default purchase price is the median sales price across the US for 2022Q4, per FRED.


Originations

504

Origination Dollar Volume (All Markets)

$169,910,000

Relative Rate

Amerant Bank National Association's average 30 year fixed mortgage rate was 8.36%.

The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

This yields a difference of 1.88%.

Top Markets

Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.

Market Originations Total Value Average Loan Average Fees Average Rate
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 398 $147,550,000 $370,729 $0 8.32%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 94 $20,220,000 $215,106 $0 8.52%
Key West, FL (FHA|USDA|VA) 2 $680,000 $340,000 $0 9.88%
PORT ST. LUCIE, FL (FHA|USDA|VA) 4 $540,000 $135,000 $0 8.38%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 2 $510,000 $255,000 $0 8.50%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 2 $210,000 $105,000 $0 9.13%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 1 $105,000 $105,000 $0 8.25%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 1 $95,000 $95,000 $0 1.99%
Amerant Bank National Association's top markets include Miami, Houston, Key West, Port St. Lucie, and Naples among others.

Their top states include:
  • Florida (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)
  • Similar Lenders

    We use machine learning to identify the top lenders compared against AMERANT BANK NATIONAL ASSOCIATION based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    HELOC 500 $166,040,000 $332,080 n/a 8.36%
    Conventional 4 $3,870,000 $967,500 $0 7.18%

    For 2023, Amerant Bank National Association's most frequently originated type of loan was HELOC, with 500 originations. Their 2nd most popular type was Conventional, with 4 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 244 $64,970,000 $266,270 $0 8.35%
    Cash Out Refi 140 $79,190,000 $565,643 $0 8.36%
    Other 118 $24,160,000 $204,746 $0 8.36%
    Home Purchase 1 $885,000 $885,000 $0 7.35%
    Refi 1 $705,000 $705,000 $0 7.81%

    For 2023, Amerant Bank National Association's most frequently cited loan purpose was Home Improvement, with 244 originations. The 2nd most popular reason was Cash Out Refi, with 140 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 500 $166,040,000 $332,080 $0 8.36%
    10 Year 3 $2,265,000 $755,000 $0 7.30%
    5 Year 1 $1,605,000 $1,605,000 $0 6.79%

    For 2023, Amerant Bank National Association's most frequently cited loan duration was 30 Year, with 500 originations. The 2nd most popular length was 10 Year, with 3 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    Over 8% 421 $114,515,000 $272,007
    7-8% 56 $22,740,000 $406,071
    <2.5% 22 $17,530,000 $796,818
    4-5% 2 $2,840,000 $1,420,000
    6-7% 2 $2,280,000 $1,140,000
    5-6% 1 $10,005,000 $10,005,000

    During 2023, Amerant Bank National Association's average interest rate for loans was 8.36%, while their most frequently originated rate bucket for loans was Over 8%, with 421 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 184 $54,430,000 $295,815 $0 8.34%
    $100,000 or less 130 $8,140,000 $62,615 $0 8.59%
    $100k-200k 123 $16,725,000 $135,976 $0 8.73%
    $400k-600k 28 $14,120,000 $504,286 $0 7.86%
    $1MM+ 21 $62,635,000 $2,982,619 $0 6.25%
    $600k-1MM 18 $13,860,000 $770,000 $0 7.49%

    2023 saw Amerant Bank National Association place emphasis on $200k-400k loans with 184 originations, totaling $54,430,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 154 $108,600,000 $705,195 $0 7.78%
    $150k-250k 122 $27,830,000 $228,115 $0 8.65%
    $100k-150k 116 $18,260,000 $157,414 $0 8.51%
    $75k-100k 45 $5,365,000 $119,222 $0 8.71%
    $50k-75k 30 $2,560,000 $85,333 $0 8.66%
    $50k or less 22 $1,830,000 $83,182 $0 8.78%

    Amerant Bank National Association lent most frequently to those with incomes in the $250k+ range, with 154 originations. The second most popular income band? $150k-250k, with 122 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    50-60% 80 $29,650,000 $370,625 $0 8.62%
    30-36% 71 $19,185,000 $270,211 $0 8.43%
    20-30% 55 $30,745,000 $559,000 $0 8.15%
    49% 43 $7,865,000 $182,907 $0 8.54%
    <20% 35 $9,795,000 $279,857 $0 7.88%
    40% 35 $6,995,000 $199,857 $0 8.53%
    45% 22 $7,930,000 $360,455 $0 8.43%
    37% 18 $5,560,000 $308,889 $0 8.58%
    43% 17 $4,105,000 $241,471 $0 8.75%
    38% 16 $5,190,000 $324,375 $0 8.28%
    48% 16 $3,040,000 $190,000 $0 7.72%
    44% 16 $15,130,000 $945,625 $0 7.83%
    42% 15 $5,915,000 $394,333 $0 7.77%
    39% 15 $3,615,000 $241,000 $0 8.17%
    47% 15 $4,125,000 $275,000 $0 8.60%
    46% 12 $3,390,000 $282,500 $0 8.52%
    41% 9 $2,385,000 $265,000 $0 8.92%
    36% 9 $1,325,000 $147,222 $0 8.25%
    >60% 1 $95,000 $95,000 $0 8.50%

    Amerant Bank National Association lent most frequently to those with DTI ratios of 50-60%, with 80 originations. The next most common DTI ratio? 30-36%, with 71 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 310 $84,620,000 $272,968 $0 8.39%
    Not provided 148 $72,300,000 $488,514 $0 8.25%
    Asian 20 $5,470,000 $273,500 $0 8.35%
    Not applicable 4 $3,870,000 $967,500 $0 7.18%
    Black 18 $2,720,000 $151,111 $0 8.65%
    Asian Indian 1 $355,000 $355,000 $0 9.00%
    Vietnamese 1 $335,000 $335,000 $0 9.00%
    Other Asian 1 $125,000 $125,000 $0 8.75%
    American Indian 1 $115,000 $115,000 $0 10.00%

    Approval Rates

    Total approvals of all applications
    80.82%

    Amerant Bank National Association has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    81.94%

    Amerant Bank National Association has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 504 $169,910,000 $337,123

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    504 $169,910,000 $337,123

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 190 $70,390,000 $370,474 $0 8.29%
    40-60% 76 $34,730,000 $456,974 $0 8.12%
    60-80% 41 $35,755,000 $872,073 $0 8.40%
    80-100% 3 $985,000 $328,333 $0 8.92%
    Under 20% 194 $28,050,000 $144,588 $0 8.49%