Amerant Bank National Association Mortgage Rates, Fees & Info
Coral Gables, FLLEI: 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 3.80% | 11/17/24 |
| 30 Year Conventional Purchase | 6.27% | 11/17/24 |
| 30 Year Conventional Refi | 6.27% | 11/17/24 |
| 30 Year Cash-out Refi | 6.27% | 11/17/24 |
| 30 Year FHA Purchase | 6.27% | 11/17/24 |
| 30 Year VA Purchase | 6.27% | 11/17/24 |
| 15 Year Conventional Purchase | 5.68% | 11/17/24 |
| 15 Year Conventional Refi | 5.68% | 11/17/24 |
| 15 Year Cash-out Refi | 5.68% | 11/17/24 |
| 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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
504Origination Dollar Volume (All Markets)
$169,910,000Relative 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% |
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.
Similarity Rank: 258
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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
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
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
2023 saw Amerant Bank National Association place emphasis on $200k-400k loans with 184 originations, totaling $54,430,000 in origination value.
Applicant Income
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
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
Approval Rates
Total approvals of all applications80.82%
Amerant Bank National Association has a below average approval rate.
Pick Rate
Approvals leading to origination81.94%
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 |