Amerant Bank National Association Mortgage Rates, Fees & Info

Coral Gables, FL

LEI: UPMVBH3EU3LS6P1KR697

Tax ID: 59-1846933

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Bank Data

Review & Overview

Amerant Bank National Association is a smaller bank specializing in Other, Home Improvement, and Cash Out Refi loans. Amerant Bank National Association has a low ratio of conventional loans. Their top two markets are Miami and Houston .

Amerant Bank National Association has a below 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% 12/16/24
30 Year Conventional Purchase 6.27% 12/16/24
30 Year Conventional Refi 6.27% 12/16/24
30 Year Cash-out Refi 6.27% 12/16/24
30 Year FHA Purchase 6.27% 12/16/24
30 Year VA Purchase 6.27% 12/16/24
15 Year Conventional Purchase 5.68% 12/16/24
15 Year Conventional Refi 5.68% 12/16/24
15 Year Cash-out Refi 5.68% 12/16/24
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

86

Origination Dollar Volume (All Markets)

$12,960,000

Employee count

911

Top Markets

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    Market Originations Total Value Average Loan Average Fees Average Rate
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 66 $10,850,000 $164,394 $0 4.89%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 20 $2,110,000 $105,500 $0 4.71%
    Amerant Bank National Association's top markets include Miami and Houston 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 83 $12,745,000 $153,554 n/a 4.83%
    Conventional 3 $215,000 $71,667 $0 5.35%

    For 2018, Amerant Bank National Association's most frequently originated type of loan was HELOC, with 83 originations. Their 2nd most popular type was Conventional, with 3 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Other 34 $4,970,000 $146,176 $0 4.92%
    Home Improvement 26 $3,180,000 $122,308 $0 4.85%
    Cash Out Refi 23 $4,135,000 $179,783 $0 4.71%
    Refi 3 $675,000 $225,000 $0 5.17%

    For 2018, Amerant Bank National Association's most frequently cited loan purpose was Other, with 34 originations. The 2nd most popular reason was Home Improvement, with 26 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    20 Year 70 $10,340,000 $147,714 $0 4.67%
    30 Year 14 $2,420,000 $172,857 $0 5.70%
    10 Year 1 $65,000 $65,000 $0 5.00%
    15 Year 1 $135,000 $135,000 $0 5.55%

    For 2018, Amerant Bank National Association's most frequently cited loan duration was 20 Year, with 70 originations. The 2nd most popular length was 30 Year, with 14 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 3 $215,000 $71,667

    Amerant Bank National Association's average total fees were $0, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 3 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 67 $9,915,000 $147,985
    5-6% 16 $2,630,000 $164,375
    6-7% 3 $415,000 $138,333

    During 2018, Amerant Bank National Association's average interest rate for loans was 5.70%, while their most frequently originated rate bucket for loans was 4-5%, with 67 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 36 $5,350,000 $148,611 $0 4.83%
    $100,000 or less 28 $1,590,000 $56,786 $0 4.91%
    $200k-400k 20 $5,020,000 $251,000 $0 4.86%
    $400k-600k 2 $1,000,000 $500,000 $0 4.25%

    2018 saw Amerant Bank National Association place emphasis on $100k-200k loans with 36 originations, totaling $5,350,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 22 $2,350,000 $106,818 $0 4.88%
    $150k-250k 16 $2,990,000 $186,875 $0 4.58%
    $250k+ 12 $2,660,000 $221,667 $0 4.65%
    $50k-75k 11 $1,825,000 $165,909 $0 5.02%
    $75k-100k 11 $1,555,000 $141,364 $0 5.07%
    $50k or less 10 $1,090,000 $109,000 $0 5.15%

    Amerant Bank National Association lent most frequently to those with incomes in the $100k-150k range, with 22 originations. The second most popular income band? $150k-250k, with 16 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 13 $2,235,000 $171,923 $0 4.56%
    30-36% 12 $1,600,000 $133,333 $0 4.94%
    49% 11 $2,085,000 $189,545 $0 4.91%
    50-60% 9 $1,135,000 $126,111 $0 5.03%
    <20% 8 $990,000 $123,750 $0 4.66%
    45% 5 $625,000 $125,000 $0 4.85%
    40% 4 $420,000 $105,000 $0 4.44%
    36% 4 $690,000 $172,500 $0 4.75%
    44% 4 $620,000 $155,000 $0 5.06%
    42% 3 $405,000 $135,000 $0 5.00%
    39% 3 $225,000 $75,000 $0 5.25%
    47% 3 $455,000 $151,667 $0 5.27%
    46% 2 $300,000 $150,000 $0 4.38%
    43% 2 $760,000 $380,000 $0 4.75%
    48% 1 $255,000 $255,000 $0 4.75%
    37% 1 $85,000 $85,000 $0 6.25%
    41% 1 $75,000 $75,000 $0 5.00%

    Amerant Bank National Association lent most frequently to those with DTI ratios of 20-30%, with 13 originations. The next most common DTI ratio? 30-36%, with 12 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 55 $7,715,000 $140,273 $0 4.87%
    Not provided 24 $4,360,000 $181,667 $0 4.84%
    Black 3 $315,000 $105,000 $0 4.67%
    Asian 2 $280,000 $140,000 $0 4.38%
    Chinese 1 $185,000 $185,000 $0 5.00%
    Asian Indian 1 $105,000 $105,000 $0 5.00%

    Approval Rates

    Total approvals of all applications
    49.00%

    Amerant Bank National Association has a low approval rate. They may have poor market targeting or stringent lending standards.

    Pick Rate

    Approvals leading to origination
    88.37%

    Amerant Bank National Association has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 86 $12,960,000 $150,698

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 86 $12,960,000 $150,698

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 30 $4,620,000 $154,000 $0 4.87%
    40-60% 15 $3,055,000 $203,667 $0 4.98%
    60-80% 11 $2,455,000 $223,182 $0 4.70%
    80-100% 2 $330,000 $165,000 $0 4.38%
    Under 20% 28 $2,500,000 $89,286 $0 4.85%

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    AMERINATIONAL COMMUNITY SERVICES, INC. Conventional home mortgage Struggling to pay mortgage 1 16.7%
    AMERINATIONAL COMMUNITY SERVICES, INC. Conventional home mortgage Trouble during payment process 1 16.7%
    AMERINATIONAL COMMUNITY SERVICES, INC. Home equity loan or line of credit (HELOC) Trouble during payment process 1 16.7%
    AMERINATIONAL COMMUNITY SERVICES, INC. Other type of mortgage Incorrect information on your report 1 16.7%
    AMERINATIONAL COMMUNITY SERVICES, INC. Other type of mortgage Struggling to pay mortgage 1 16.7%
    AMERINATIONAL COMMUNITY SERVICES, INC. Other type of mortgage Trouble during payment process 1 16.7%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Mercantil Bank, National Association 100 North Federal Hwy Fort Lauderdale, FL 33301 Full Service B&M $27,819
    Mercantil Bank, National Association 10143 Louetta Road Houston, TX 77070 Full Service B&M $49,765
    Mercantil Bank, National Association 11401 Nw 41st Street Doral, FL 33178 Full Service B&M $30,245
    Mercantil Bank, National Association 11631 Southwest 88th Street Miami, FL 33176 Full Service B&M $99,613
    Mercantil Bank, National Association 11701 West Okeechobee Road Hialeah, FL 33018 Full Service B&M $89,931
    Mercantil Bank, National Association 11900 Biscayne Boulevard Miami, FL 33181 Full Service B&M $63,673
    Mercantil Bank, National Association 12145 Fm 1960 Road West Houston, TX 77065 Full Service B&M $116,153
    Mercantil Bank, National Association 1735 Research Forest Drive Shenandoah, TX 77380 Full Service B&M $64,786
    Mercantil Bank, National Association 179 Hiatus Road Pembroke Pines, FL 33026 Full Service B&M $39,331
    Mercantil Bank, National Association 220 Alhambra Circle Coral Gables, FL 33134 Full Service B&M $418,333
    Mercantil Bank, National Association 220 Alhambra Circle Coral Gables, FL 33134 Full Service B&M $4,106,135
    Mercantil Bank, National Association 2500 Nw 87th Avenue Doral, FL 33172 Full Service B&M $65,203
    Mercantil Bank, National Association 2630 Weston Road Weston, FL 33331 Full Service B&M $93,235
    Mercantil Bank, National Association 2863 South State Road 7 Wellington, FL 33414 Full Service B&M $123,613
    Mercantil Bank, National Association 3001 Aventura Boulevard Aventura, FL 33180 Full Service B&M $183,480
    Mercantil Bank, National Association 3200 South Shepherd Drive Houston, TX 77098 Full Service B&M $86,360
    Mercantil Bank, National Association 330 Hwy 6 Sugar Land, TX 77478 Full Service B&M $113,420
    Mercantil Bank, National Association 5897 San Felipe Street Houston, TX 77057 Full Service B&M $108,922
    Mercantil Bank, National Association 750 Town And Country Boulevard, Suite 100 Houston, TX 77024 Full Service B&M $98,946
    Mercantil Bank, National Association 800 West Cypress Creek Road Fort Lauderdale, FL 33309 Full Service B&M $80,882
    Mercantil Bank, National Association 8017 N. University Drive Parkland, FL 33067 Full Service B&M $109,413
    Mercantil Bank, National Association 9350 South Dixie Hwy Miami, FL 33156 Full Service B&M $135,063
    Mercantil Bank, National Association Corner Of Coral Way & 70th Court Miami, FL 33155 Full Service B&M $95,561

    For 2018, Amerant Bank National Association had 23 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $309,361
    Net interest income $226,935
    Total noninterest income $51,851
    Gross Fiduciary activities income $2,645
    Service charges on deposit accounts $16,781
    Trading account gains and fees $0
    Additional Noninterest Income $32,425
    Pre-tax net operating income $74,618
    Securities gains (or losses, -) $-999
    Income before extraordinary items $60,322
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $60,322
    Minority interest net income $0
    Net income $60,322
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $61,141

    Amerant Bank National Association's gross interest income from loans was $309,361,000.
    Amerant Bank National Association's net interest income from loans was $226,935,000.
    Amerant Bank National Association's fee based income from loans was $16,781,000.
    Amerant Bank National Association's net income from loans was $60,322,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $82,426
    Provision for credit losses $375
    Total noninterest expense $203,793
    Salaries and employee benefits $141,801
    Premises and equipment expense $21,969
    Additional noninterest expense $40,023
    Applicable income taxes $13,297
    Net charge-offs $10,613
    Cash dividends $47,500

    Amerant Bank National Association's interest expense for loans was $82,426,000.
    Amerant Bank National Association's payroll and benefits expense were $141,801,000.
    Amerant Bank National Association's property, plant and equipment expenses $21,969,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 0.0%
    Real Estate loans 0.0%
    Construction & Land Development loans 0.0%
    Nonfarm, nonresidential loans 0.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 1.0%
    HELOC loans 1.0%
    All other family 1.0%
    Commercial & industrial loans 0.0%
    Personal loans 0.0%
    Credit card loans 2.6%
    Other individual loans 0.0%
    Auto loans 1.0%
    Other consumer loans 0.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $6,067,500
    Deposits held in domestic offices $6,067,500
    Deposits by Individuals, partnerships, and corporations $6,061,552
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $0
    Deposits by Commercial banks and other depository institutions in U.S. $0
    Deposits by Banks in foreign countries $5,948
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $196,228
    Demand deposits $164,164
    Nontransaction accounts $5,871,272
    Money market deposit accounts (MMDAs) $3,093,388
    Other savings deposits (excluding MMDAs) $390,752
    Total time deposits $2,387,131
    Total time and savings deposits $5,903,336
    Noninterest-bearing deposits $768,822
    Interest-bearing deposits $5,298,678
    Retail deposits $4,738,545
    IRAs and Keogh plan accounts $53,851
    Brokered deposits $642,106
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $8,113,757
    Cash & Balances due from depository institutions $85,710
    Interest-bearing balances $64,824
    Total securities $1,671,239
    Federal funds sold & reverse repurchase $0
    Net loans and leases $5,858,413
    Loan and leases loss allowance $61,762
    Trading account assets $0
    Bank premises and fixed assets $123,503
    Other real estate owned $367
    Goodwill and other intangibles $19,913
    All other assets $354,612

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $8,113,757
    Total Liabilities $7,290,722
    Total deposits $6,067,500
    Interest-bearing deposits $5,298,678
    Deposits held in domestic offices $6,067,500
    % insured (estimated) $79
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $1,166,000
    Subordinated debt $0
    All other liabilities $57,222

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $5,858,413
    Loan and leases loss allowance $61,762
    Total loans and leases (domestic) $5,920,175
    All real estate loans $4,355,942
    Real estate loans in domestic offices $4,355,942
    Construction and development loans $326,644
    Residential 1-4 family construction $0
    Other construction, all land development and other land $326,644
    Loans secured by nonfarm nonresidential properties $2,586,378
    Nonfarm nonresidential secured by owner-occupied properties $777,022
    Commercial real estate & other non-farm, non-residential $1,809,356
    Multifamily residential real estate $909,439
    1-4 family residential loans $533,481
    Farmland loans $0
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $1,380,428
    To non-U.S. addressees $69,159
    Loans to individuals $113,842
    Credit card loans $33,862
    Related Plans $0
    Consumer Auto Loans $1,378
    Other loans to individuals $78,602
    All other loans & leases $69,963
    Loans to foreign governments and official institutions $0
    Other loans $998
    Loans to depository institutions and acceptances of other banks $68,965
    Loans not secured by real estate $0
    Loans secured by real estate to non-U.S. addressees $88,124
    Restructured Loans & leases $0
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    AMERANT BANK NATIONAL ASSOCIATION had $5,858,413,000 of loans outstanding in 2018. $4,355,942,000 of loans were in real estate loans. $326,644,000 of loans were in development loans. $909,439,000 of loans were in multifamily mortgage loans. $533,481,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $33,862,000 of loans were in credit card loans. $1,378,000 of loans were in the auto loan category.

    Small Business Loans

    Categorization # of Loans in Category $ amount of loans (in 000's) Average $/loan
    Nonfarm, nonresidential loans - <$1MM 397 $139,249 $350,753
    Nonfarm, nonresidential loans - <$100k 44 $2,667 $60,614
    Nonfarm, nonresidential loans - $100-250k 111 $18,007 $162,225
    Nonfarm, nonresidential loans - $250k-1MM 242 $118,575 $489,979
    Commercial & Industrial, US addressed loans - <$1MM 926 $152,081 $164,234
    Commercial & Industrial, US addressed loans - <$100k 341 $16,830 $49,355
    Commercial & Industrial, US addressed loans - $100-250k 385 $60,645 $157,519
    Commercial & Industrial, US addressed loans - $250k-1MM 200 $74,606 $373,030