Amerant Bank National Association Mortgage Rates, Fees & Info

Coral Gables, FL

LEI: UPMVBH3EU3LS6P1KR697

Tax ID: 59-1846933

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Bank Data

  • Branches
  • Income
  • Loan Types
  • Deposit Mix
  • Loan Performance
  • Assets
  • Business Loans

    • Review & Overview

    Amerant Bank National Association is a smaller bank specializing in Home Purchase and Refi loans. Amerant Bank National Association has a high proportion of conventional loans. Their top markets by origination volume include: Houston, Miami, New York, Key West, and Jacksonville among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)

    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. Amerant Bank National Association is typically an average fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average 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% 4/21/24
    30 Year Conventional Purchase 6.27% 4/21/24
    30 Year Conventional Refi 6.27% 4/21/24
    30 Year Cash-out Refi 6.27% 4/21/24
    30 Year FHA Purchase 6.27% 4/21/24
    30 Year VA Purchase 6.27% 4/21/24
    15 Year Conventional Purchase 5.68% 4/21/24
    15 Year Conventional Refi 5.68% 4/21/24
    15 Year Cash-out Refi 5.68% 4/21/24
    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

    436

    Origination Dollar Volume (All Markets)

    $257,280,000

    Employee count

    829

    Awards

    AMERANT BANK NATIONAL ASSOCIATION 30 Year Conventional Loans gold AMERANT BANK NATIONAL ASSOCIATION 30 Year Conventional Loans silver AMERANT BANK NATIONAL ASSOCIATION 30 Year Conventional Loans gold
    Show all (3) awards

    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
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 139 $115,895,000 $833,777 $4,901 4.90%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 291 $88,665,000 $304,691 $5,046 4.77%
    New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 2 $50,510,000 $25,255,000 $0 4.19%
    Key West, FL (FHA|USDA|VA) 3 $1,725,000 $575,000 $5,378 3.79%
    JACKSONVILLE, FL (FHA|USDA|VA) 1 $485,000 $485,000 $4,813 3.25%
    Amerant Bank National Association's top markets include Houston, Miami, New York, Key West, and Jacksonville among others.

    Their top states include:
  • Texas (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • New York (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.

    POWER FINANCIAL
    Similarity Rank: 188
    AAXY L.L.C.
    Similarity Rank: 368
    MEMBERS CHOICE Credit Union
    Similarity Rank: 549
    We Florida Financial
    Similarity Rank: 572
    Resource One Credit Union
    Similarity Rank: 582
    SMART FINANCIAL CREDIT UNION
    Similarity Rank: 707
    HIGHLAND HOMELOANS, LLC
    Similarity Rank: 750
    TrustCo Bank
    Similarity Rank: 754
    TEXAS BAY
    Similarity Rank: 888
    CAPITAL PLUS FINANCIAL, LLC
    Similarity Rank: 894

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    HELOC 323 $57,255,000 $177,260 n/a 5.08%
    Conventional 113 $200,025,000 $1,770,133 $5,025 4.01%

    For 2019, Amerant Bank National Association's most frequently originated type of loan was HELOC, with 323 originations. Their 2nd most popular type was Conventional, with 113 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 161 $23,535,000 $146,180 $0 5.07%
    Cash Out Refi 126 $33,220,000 $263,651 $4,098 4.85%
    Other 71 $15,415,000 $217,113 $4,722 4.93%
    Home Purchase 41 $119,585,000 $2,916,707 $5,160 4.15%
    Refi 37 $65,525,000 $1,770,946 $6,030 3.94%

    For 2019, Amerant Bank National Association's most frequently cited loan purpose was Home Improvement, with 161 originations. The 2nd most popular reason was Cash Out Refi, with 126 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    20 Year 260 $42,770,000 $164,500 $0 4.99%
    30 Year 140 $51,500,000 $367,857 $5,459 4.65%
    15 Year 18 $5,180,000 $287,778 $4,202 3.42%
    10 Year 11 $52,205,000 $4,745,909 $0 4.83%
    5 Year 4 $48,790,000 $12,197,500 $0 4.37%
    3 Year 2 $55,630,000 $27,815,000 $0 4.13%
    Other 1 $1,205,000 $1,205,000 $0 4.47%

    For 2019, Amerant Bank National Association's most frequently cited loan duration was 20 Year, with 260 originations. The 2nd most popular length was 30 Year, with 140 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 69 $25,845,000 $374,565
    $5k+ 5 $6,715,000 $1,343,000
    $1k-2k 4 $3,330,000 $832,500
    $3k-4k 4 $2,910,000 $727,500
    $2k-3k 3 $1,395,000 $465,000
    $4k-5k 2 $1,850,000 $925,000

    Amerant Bank National Association's average total fees were $5,459, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 69 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 185 $125,865,000 $680,351
    5-6% 179 $26,435,000 $147,682
    3-4% 59 $79,195,000 $1,342,288
    2.5-3% 6 $2,740,000 $456,667
    6-7% 4 $990,000 $247,500
    <2.5% 2 $430,000 $215,000
    % 1 $21,625,000 $21,625,000

    During 2019, Amerant Bank National Association's average interest rate for loans was 4.65%, while their most frequently originated rate bucket for loans was 4-5%, with 185 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 136 $36,150,000 $265,809 $4,136 4.63%
    $100k-200k 126 $18,260,000 $144,921 $2,944 4.97%
    $100,000 or less 111 $6,375,000 $57,432 $1,008 5.08%
    $400k-600k 28 $13,690,000 $488,929 $6,102 4.56%
    $600k-1MM 19 $14,495,000 $762,895 $7,098 4.40%
    $1MM+ 16 $168,310,000 $10,519,375 $13,104 3.93%

    2019 saw Amerant Bank National Association place emphasis on $200k-400k loans with 136 originations, totaling $36,150,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 89 $14,865,000 $167,022 $3,630 4.88%
    $150k-250k 68 $18,030,000 $265,147 $6,043 4.79%
    $250k+ 68 $29,370,000 $431,912 $6,961 4.72%
    $50k-75k 64 $8,760,000 $136,875 $2,957 5.02%
    $75k-100k 58 $9,480,000 $163,448 $2,791 4.90%
    $50k or less 37 $3,685,000 $99,595 $3,805 5.06%

    Amerant Bank National Association lent most frequently to those with incomes in the $100k-150k range, with 89 originations. The second most popular income band? $150k-250k, with 68 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 68 $15,770,000 $231,912 $4,289 4.76%
    30-36% 65 $18,145,000 $279,154 $5,259 4.61%
    49% 43 $6,575,000 $152,907 $0 5.17%
    <20% 34 $9,580,000 $281,765 $6,166 4.81%
    50-60% 24 $5,300,000 $220,833 $7,296 5.10%
    44% 21 $4,885,000 $232,619 $3,619 5.20%
    39% 21 $4,855,000 $231,190 $7,812 4.90%
    42% 20 $4,620,000 $231,000 $5,101 4.81%
    37% 20 $6,140,000 $307,000 $4,758 4.58%
    41% 18 $3,300,000 $183,333 $3,623 4.63%
    40% 17 $4,185,000 $246,176 $5,227 4.46%
    46% 11 $2,605,000 $236,818 $0 5.11%
    36% 11 $2,285,000 $207,727 $3,341 4.39%
    38% 11 $2,345,000 $213,182 $3,669 4.58%
    43% 9 $1,335,000 $148,333 $2,810 4.72%
    48% 9 $1,025,000 $113,889 $0 5.14%
    47% 8 $2,600,000 $325,000 $9,999 4.70%
    45% 7 $3,615,000 $516,429 $12,526 4.79%
    >60% 2 $360,000 $180,000 $0 5.63%

    Amerant Bank National Association lent most frequently to those with DTI ratios of 20-30%, with 68 originations. The next most common DTI ratio? 30-36%, with 65 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 21 $165,515,000 $7,881,667 $11,330 4.48%
    White 286 $66,080,000 $231,049 $4,505 4.75%
    Not provided 80 $14,090,000 $176,125 $2,544 5.02%
    Asian 25 $7,285,000 $291,400 $7,802 4.93%
    Black 14 $2,180,000 $155,714 $7,392 4.80%
    Chinese 2 $990,000 $495,000 $0 4.38%
    Asian Indian 6 $950,000 $158,333 $0 4.92%
    Other Asian 1 $145,000 $145,000 $0 5.25%
    Vietnamese 1 $45,000 $45,000 $0 4.75%

    Approval Rates

    Total approvals of all applications
    54.84%

    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
    72.71%

    Amerant Bank National Association has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 436 $257,280,000 $590,092

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 14 $156,870,000 $11,205,000
    Single Family (1-4 Units):Site-Built 422 $100,410,000 $237,938

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 107 $20,705,000 $193,505 $3,193 5.01%
    40-60% 97 $103,215,000 $1,064,072 $5,807 4.69%
    60-80% 100 $110,730,000 $1,107,300 $4,894 4.60%
    80-100% 32 $12,420,000 $388,125 $5,254 4.17%
    Under 20% 100 $10,210,000 $102,100 $0 5.09%

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    AMERINATIONAL COMMUNITY SERVICES, INC. Conventional home mortgage Closing on a mortgage 1 12.5%
    AMERINATIONAL COMMUNITY SERVICES, INC. Conventional home mortgage Problem with a credit reporting company's investigation into an existing problem 1 12.5%
    AMERINATIONAL COMMUNITY SERVICES, INC. Conventional home mortgage Trouble during payment process 1 12.5%
    AMERINATIONAL COMMUNITY SERVICES, INC. FHA mortgage Struggling to pay mortgage 2 25.0%
    AMERINATIONAL COMMUNITY SERVICES, INC. FHA mortgage Trouble during payment process 1 12.5%
    AMERINATIONAL COMMUNITY SERVICES, INC. Other type of mortgage Trouble during payment process 2 25.0%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Amerant Bank, National Association 100 North Federal Hwy Fort Lauderdale, FL 33301 Full Service B&M $30,512
    Amerant Bank, National Association 10143 Louetta Road Houston, TX 77070 Full Service B&M $59,255
    Amerant Bank, National Association 11401 Nw 41st Street Doral, FL 33178 Full Service B&M $31,859
    Amerant Bank, National Association 11631 Southwest 88th Street Miami, FL 33176 Full Service B&M $99,437
    Amerant Bank, National Association 11701 West Okeechobee Road Hialeah, FL 33018 Full Service B&M $104,449
    Amerant Bank, National Association 12145 Fm 1960 Road West Houston, TX 77065 Full Service B&M $112,041
    Amerant Bank, National Association 1735 Research Forest Drive Shenandoah, TX 77380 Full Service B&M $72,785
    Amerant Bank, National Association 1755 University Drive Coral Springs, FL 33065 Full Service B&M $98,428
    Amerant Bank, National Association 179 Hiatus Road Pembroke Pines, FL 33026 Full Service B&M $47,315
    Amerant Bank, National Association 21776 Katy Fwy Katy, TX 77449 Full Service B&M $29,760
    Amerant Bank, National Association 220 Alhambra Circle Coral Gables, FL 33134 Full Service B&M $446,395
    Amerant Bank, National Association 220 Alhambra Circle Coral Gables, FL 33134 Full Service B&M $3,623,688
    Amerant Bank, National Association 2500 Nw 87th Avenue Doral, FL 33172 Full Service B&M $65,534
    Amerant Bank, National Association 2590 Biscayne Blvd Miami, FL 33137 Full Service B&M $54,730
    Amerant Bank, National Association 2630 Weston Road Weston, FL 33331 Full Service B&M $86,148
    Amerant Bank, National Association 2863 South State Road 7 Wellington, FL 33414 Full Service B&M $105,509
    Amerant Bank, National Association 3001 Aventura Boulevard Aventura, FL 33180 Full Service B&M $154,277
    Amerant Bank, National Association 3200 South Shepherd Drive Houston, TX 77098 Full Service B&M $79,908
    Amerant Bank, National Association 330 Hwy 6 Sugar Land, TX 77478 Full Service B&M $120,496
    Amerant Bank, National Association 5897 San Felipe Street Houston, TX 77057 Full Service B&M $93,430
    Amerant Bank, National Association 750 Town And Country Boulevard, Suite 100 Houston, TX 77024 Full Service B&M $77,731
    Amerant Bank, National Association 800 West Cypress Creek Road Fort Lauderdale, FL 33309 Full Service B&M $67,242
    Amerant Bank, National Association 9350 South Dixie Hwy Miami, FL 33156 Full Service B&M $123,537
    Amerant Bank, National Association Corner Of Coral Way & 70th Court Miami, FL 33155 Full Service B&M $89,178

    For 2019, Amerant Bank National Association had 24 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $312,968
    Net interest income $220,073
    Total noninterest income $52,049
    Gross Fiduciary activities income $2,673
    Service charges on deposit accounts $16,555
    Trading account gains and fees $0
    Additional Noninterest Income $32,821
    Pre-tax net operating income $76,310
    Securities gains (or losses, -) $2,606
    Income before extraordinary items $62,717
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $62,717
    Minority interest net income $0
    Net income $62,717
    Sale, conversion, retirement of capital stock, net $4,249
    Net operating income $60,658

    Amerant Bank National Association's gross interest income from loans was $312,968,000.
    Amerant Bank National Association's net interest income from loans was $220,073,000.
    Amerant Bank National Association's fee based income from loans was $16,555,000.
    Amerant Bank National Association's net income from loans was $62,717,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $92,895
    Provision for credit losses $-3,150
    Total noninterest expense $198,962
    Salaries and employee benefits $137,380
    Premises and equipment expense $19,867
    Additional noninterest expense $41,715
    Applicable income taxes $16,199
    Net charge-offs $6,390
    Cash dividends $105,000

    Amerant Bank National Association's interest expense for loans was $92,895,000.
    Amerant Bank National Association's payroll and benefits expense were $137,380,000.
    Amerant Bank National Association's property, plant and equipment expenses $19,867,000.

    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 0.0%
    Other individual loans 0.0%
    Auto loans 3.0%
    Other consumer loans 0.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $5,863,816
    Deposits held in domestic offices $5,851,579
    Deposits by Individuals, partnerships, and corporations $5,826,533
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $9,115
    Deposits by Commercial banks and other depository institutions in U.S. $1,787
    Deposits by Banks in foreign countries $14,144
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $332,177
    Demand deposits $303,459
    Nontransaction accounts $5,519,402
    Money market deposit accounts (MMDAs) $2,780,515
    Other savings deposits (excluding MMDAs) $330,786
    Total time deposits $2,408,102
    Total time and savings deposits $5,548,120
    Noninterest-bearing deposits $763,224
    Interest-bearing deposits $5,088,355
    Retail deposits $4,447,881
    IRAs and Keogh plan accounts $55,252
    Brokered deposits $682,378
    Deposits held in foreign offices $12,237

    Assets

    Asset Value (in 000's)
    Total Assets $7,975,320
    Cash & Balances due from depository institutions $121,324
    Interest-bearing balances $93,289
    Total securities $1,665,477
    Federal funds sold & reverse repurchase $0
    Net loans and leases $5,692,116
    Loan and leases loss allowance $52,223
    Trading account assets $0
    Bank premises and fixed assets $128,824
    Other real estate owned $42
    Goodwill and other intangibles $20,616
    All other assets $346,921

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $7,975,320
    Total Liabilities $7,160,022
    Total deposits $5,863,816
    Interest-bearing deposits $5,100,592
    Deposits held in domestic offices $5,851,579
    % insured (estimated) $75
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $1,235,000
    Subordinated debt $0
    All other liabilities $61,206

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $5,692,116
    Loan and leases loss allowance $52,223
    Total loans and leases (domestic) $5,744,339
    All real estate loans $4,405,278
    Real estate loans in domestic offices $4,405,278
    Construction and development loans $278,688
    Residential 1-4 family construction $0
    Other construction, all land development and other land $278,688
    Loans secured by nonfarm nonresidential properties $2,785,862
    Nonfarm nonresidential secured by owner-occupied properties $894,060
    Commercial real estate & other non-farm, non-residential $1,891,802
    Multifamily residential real estate $801,626
    1-4 family residential loans $539,102
    Farmland loans $0
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $1,234,043
    To non-U.S. addressees $16,774
    Loans to individuals $87,134
    Credit card loans $11,120
    Related Plans $0
    Consumer Auto Loans $720
    Other loans to individuals $75,294
    All other loans & leases $17,884
    Loans to foreign governments and official institutions $0
    Other loans $1,332
    Loans to depository institutions and acceptances of other banks $16,552
    Loans not secured by real estate $0
    Loans secured by real estate to non-U.S. addressees $69,857
    Restructured Loans & leases $0
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    AMERANT BANK NATIONAL ASSOCIATION had $5,692,116,000 of loans outstanding in 2019. $4,405,278,000 of loans were in real estate loans. $278,688,000 of loans were in development loans. $801,626,000 of loans were in multifamily mortgage loans. $539,102,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $11,120,000 of loans were in credit card loans. $720,000 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 446 $157,032 $352,090
    Nonfarm, nonresidential loans - <$100k 46 $2,813 $61,152
    Nonfarm, nonresidential loans - $100-250k 125 $19,776 $158,208
    Nonfarm, nonresidential loans - $250k-1MM 275 $134,443 $488,884
    Commercial & Industrial, US addressed loans - <$1MM 993 $182,851 $184,140
    Commercial & Industrial, US addressed loans - <$100k 369 $18,213 $49,358
    Commercial & Industrial, US addressed loans - $100-250k 359 $58,777 $163,724
    Commercial & Industrial, US addressed loans - $250k-1MM 265 $105,861 $399,475