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 loans. Amerant Bank National Association has a high proportion of conventional loans. Their top markets by origination volume include: Miami, Houston, Orlando, New York, and Tampa among others. We have data for 11 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

    583

    Origination Dollar Volume (All Markets)

    $255,075,000

    Employee count

    763

    Awards

    AMERANT BANK NATIONAL ASSOCIATION 30 Year Conventional Loans gold AMERANT BANK NATIONAL ASSOCIATION 30 Year Conventional Loans gold
    Show all (2) 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
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 420 $135,270,000 $322,071 $5,202 3.66%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 148 $69,000,000 $466,216 $5,783 3.73%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 2 $19,890,000 $9,945,000 $0 3.13%
    New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 1 $12,005,000 $12,005,000 $0 4.67%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 3 $9,415,000 $3,138,333 $0 4.00%
    PORT ST. LUCIE, FL (FHA|USDA|VA) 3 $7,555,000 $2,518,333 $6,918 3.42%
    Key West, FL (FHA|USDA|VA) 2 $640,000 $320,000 $7,103 3.19%
    NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 1 $625,000 $625,000 $9,318 2.50%
    JACKSONVILLE, FL (FHA|USDA|VA) 1 $385,000 $385,000 $3,306 2.13%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 1 $205,000 $205,000 $0 3.75%
    Sebastian-Vero Beach, FL (FHA|USDA|VA) 1 $85,000 $85,000 $0 3.75%
    Amerant Bank National Association's top markets include Miami, Houston, Orlando, New York, and Tampa among others.

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

    DADE COUNTY FEDERAL CREDIT UNION
    Similarity Rank: 167
    AMOCO
    Similarity Rank: 405
    WESTSTAR MORTGAGE CORPORATION
    Similarity Rank: 560
    U S WIDE FINANCIAL LLC
    Similarity Rank: 588
    AAXY L.L.C.
    Similarity Rank: 648
    POWER FINANCIAL
    Similarity Rank: 768
    CAPITAL PLUS FINANCIAL, LLC
    Similarity Rank: 1104
    SCHLUMBERGER EMPLOYEES CREDIT UNION
    Similarity Rank: 1320
    Credence Funding Corporation
    Similarity Rank: 1616
    We Florida Financial
    Similarity Rank: 1770

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    HELOC 490 $88,840,000 $181,306 n/a 3.78%
    Conventional 93 $166,235,000 $1,787,473 $5,376 3.12%

    For 2021, Amerant Bank National Association's most frequently originated type of loan was HELOC, with 490 originations. Their 2nd most popular type was Conventional, with 93 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 271 $49,595,000 $183,007 $0 3.78%
    Cash Out Refi 140 $35,910,000 $256,500 $4,410 3.66%
    Other 109 $18,255,000 $167,477 $5,473 3.75%
    Home Purchase 35 $118,955,000 $3,398,714 $7,390 3.14%
    Refi 28 $32,360,000 $1,155,714 $4,676 3.13%

    For 2021, Amerant Bank National Association's most frequently cited loan purpose was Home Improvement, with 271 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 478 $111,120,000 $232,469 $6,083 3.66%
    20 Year 73 $13,495,000 $184,863 $0 3.77%
    15 Year 10 $3,090,000 $309,000 $2,849 2.75%
    10 Year 6 $9,100,000 $1,516,667 $0 4.17%
    5 Year 6 $32,040,000 $5,340,000 $0 4.32%
    Other 6 $56,340,000 $9,390,000 $0 3.67%
    3 Year 4 $29,890,000 $7,472,500 $0 3.88%

    For 2021, Amerant Bank National Association's most frequently cited loan duration was 30 Year, with 478 originations. The 2nd most popular length was 20 Year, with 73 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 56 $31,040,000 $554,286
    $1k-2k 5 $1,315,000 $263,000
    $2k-3k 3 $1,805,000 $601,667
    $4k-5k 2 $2,390,000 $1,195,000
    $3k-4k 1 $625,000 $625,000

    Amerant Bank National Association's average total fees were $6,083, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 56 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 505 $161,535,000 $319,871
    2.5-3% 39 $38,065,000 $976,026
    <2.5% 20 $27,370,000 $1,368,500
    4-5% 15 $21,595,000 $1,439,667
    5-6% 4 $6,510,000 $1,627,500

    During 2021, Amerant Bank National Association's average interest rate for loans was 3.66%, while their most frequently originated rate bucket for loans was 3-4%, with 505 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 186 $48,530,000 $260,914 $3,651 3.63%
    $100,000 or less 162 $9,890,000 $61,049 $715 3.77%
    $100k-200k 154 $21,470,000 $139,416 $3,332 3.74%
    $400k-600k 34 $16,530,000 $486,176 $5,771 3.49%
    $1MM+ 26 $142,590,000 $5,484,231 $12,015 3.42%
    $600k-1MM 21 $16,065,000 $765,000 $7,986 3.38%

    2021 saw Amerant Bank National Association place emphasis on $200k-400k loans with 186 originations, totaling $48,530,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 135 $26,415,000 $195,667 $4,908 3.71%
    $250k+ 100 $48,750,000 $487,500 $8,876 3.55%
    $100k-150k 97 $16,515,000 $170,258 $3,059 3.72%
    $50k-75k 86 $13,180,000 $153,256 $3,212 3.74%
    $75k-100k 55 $9,055,000 $164,636 $3,503 3.67%
    $50k or less 42 $4,410,000 $105,000 $2,736 3.76%

    Amerant Bank National Association lent most frequently to those with incomes in the $150k-250k range, with 135 originations. The second most popular income band? $250k+, with 100 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 119 $34,175,000 $287,185 $5,543 3.63%
    30-36% 79 $17,725,000 $224,367 $4,584 3.63%
    <20% 71 $17,125,000 $241,197 $6,877 3.69%
    49% 41 $6,825,000 $166,463 $0 3.75%
    42% 25 $4,855,000 $194,200 $4,452 3.55%
    50-60% 23 $3,785,000 $164,565 $0 3.76%
    40% 23 $4,145,000 $180,217 $3,493 3.67%
    44% 23 $3,575,000 $155,435 $0 3.79%
    45% 22 $6,630,000 $301,364 $8,850 3.61%
    36% 21 $5,185,000 $246,905 $5,052 3.54%
    38% 21 $3,375,000 $160,714 $1,540 3.73%
    39% 19 $4,185,000 $220,263 $4,097 3.61%
    41% 18 $3,380,000 $187,778 $0 3.76%
    37% 18 $4,910,000 $272,778 $6,282 3.45%
    47% 12 $1,540,000 $128,333 $0 3.75%
    46% 10 $3,160,000 $316,000 $9,773 3.50%
    43% 10 $2,460,000 $246,000 $0 3.85%
    48% 6 $670,000 $111,667 $0 3.79%

    Amerant Bank National Association lent most frequently to those with DTI ratios of 20-30%, with 119 originations. The next most common DTI ratio? 30-36%, with 79 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 24 $128,500,000 $5,354,167 $6,918 3.91%
    White 374 $88,990,000 $237,941 $5,486 3.63%
    Not provided 138 $28,440,000 $206,087 $4,034 3.75%
    Asian 32 $7,100,000 $221,875 $6,502 3.62%
    Black 11 $1,265,000 $115,000 $3,229 3.69%
    Other Asian 3 $705,000 $235,000 $0 3.75%
    American Indian 1 $75,000 $75,000 $0 3.75%

    Approval Rates

    Total approvals of all applications
    66.01%

    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
    79.07%

    Amerant Bank National Association has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 583 $255,075,000 $437,521

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    583 $255,075,000 $437,521

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 181 $32,515,000 $179,641 $5,184 3.76%
    40-60% 85 $33,335,000 $392,176 $4,202 3.70%
    60-80% 109 $139,225,000 $1,277,294 $5,942 3.46%
    80-100% 30 $23,350,000 $778,333 $5,835 3.37%
    Under 20% 178 $26,650,000 $149,719 $4,091 3.75%

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    AMERINATIONAL COMMUNITY SERVICES, INC. Conventional home mortgage Incorrect information on your report 3 37.5%
    AMERINATIONAL COMMUNITY SERVICES, INC. Conventional home mortgage Trouble during payment process 3 37.5%
    AMERINATIONAL COMMUNITY SERVICES, INC. FHA mortgage Closing on a mortgage 1 12.5%
    AMERINATIONAL COMMUNITY SERVICES, INC. Other type of mortgage Trouble during payment process 1 12.5%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Amerant Bank, National Association 10143 Louetta Road Houston, TX 77070 Full Service B&M $93,064
    Amerant Bank, National Association 11401 Nw 41st Street Doral, FL 33178 Full Service B&M $36,858
    Amerant Bank, National Association 11631 Southwest 88th Street Miami, FL 33176 Full Service B&M $99,201
    Amerant Bank, National Association 11701 West Okeechobee Road Hialeah, FL 33018 Full Service B&M $132,490
    Amerant Bank, National Association 12145 Fm 1960 Road West Houston, TX 77065 Full Service B&M $108,468
    Amerant Bank, National Association 15151 Nw 67th Ave Miami Lakes, FL 33014 Full Service B&M $25,486
    Amerant Bank, National Association 1755 University Drive Coral Springs, FL 33065 Full Service B&M $80,846
    Amerant Bank, National Association 179 Hiatus Road Pembroke Pines, FL 33026 Full Service B&M $63,114
    Amerant Bank, National Association 1811 S Federal Hwy, Unit 100 Delray Beach, FL 33483 Full Service B&M $12,007
    Amerant Bank, National Association 21776 Katy Fwy Katy, TX 77449 Full Service B&M $19,565
    Amerant Bank, National Association 220 Alhambra Cir, Fl 12 Coral Gables, FL 33134 Full Service B&M $3,439,044
    Amerant Bank, National Association 220 Alhambra Circle Coral Gables, FL 33134 Full Service B&M $415,346
    Amerant Bank, National Association 2301 Glades Road Boca Raton, FL 33431 Full Service B&M $15,261
    Amerant Bank, National Association 2500 Nw 87th Avenue Doral, FL 33172 Full Service B&M $85,338
    Amerant Bank, National Association 2590 Biscayne Blvd Miami, FL 33137 Full Service B&M $53,565
    Amerant Bank, National Association 2630 Weston Road Weston, FL 33331 Full Service B&M $88,857
    Amerant Bank, National Association 2863 South State Road 7 Wellington, FL 33414 Full Service B&M $88,004
    Amerant Bank, National Association 3001 Aventura Boulevard Aventura, FL 33180 Full Service B&M $159,205
    Amerant Bank, National Association 3200 South Shepherd Drive Houston, TX 77098 Full Service B&M $70,867
    Amerant Bank, National Association 330 Hwy 6 Sugar Land, TX 77478 Full Service B&M $109,876
    Amerant Bank, National Association 4751 South University Drive Davie, FL 33328 Full Service B&M $14,070
    Amerant Bank, National Association 5897 San Felipe Street Houston, TX 77057 Full Service B&M $100,009
    Amerant Bank, National Association 750 Town And Country Boulevard, Suite 100 Houston, TX 77024 Full Service B&M $81,710
    Amerant Bank, National Association 800 West Cypress Creek Road Fort Lauderdale, FL 33309 Full Service B&M $78,666
    Amerant Bank, National Association 9350 South Dixie Hwy Miami, FL 33156 Full Service B&M $145,332
    Amerant Bank, National Association Corner Of Coral Way & 70th Court Miami, FL 33155 Full Service B&M $93,819

    For 2021, Amerant Bank National Association had 26 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $247,836
    Net interest income $211,200
    Total noninterest income $117,949
    Gross Fiduciary activities income $2,755
    Service charges on deposit accounts $16,222
    Trading account gains and fees $27
    Additional Noninterest Income $98,945
    Pre-tax net operating income $152,699
    Securities gains (or losses, -) $3,678
    Income before extraordinary items $119,653
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $119,653
    Minority interest net income $-2,610
    Net income $122,263
    Sale, conversion, retirement of capital stock, net $2,314
    Net operating income $116,747

    Amerant Bank National Association's gross interest income from loans was $247,836,000.
    Amerant Bank National Association's net interest income from loans was $211,200,000.
    Amerant Bank National Association's fee based income from loans was $16,222,000.
    Amerant Bank National Association's net income from loans was $122,263,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $36,636
    Provision for credit losses $-16,500
    Total noninterest expense $192,950
    Salaries and employee benefits $117,585
    Premises and equipment expense $24,269
    Additional noninterest expense $51,096
    Applicable income taxes $36,724
    Net charge-offs $24,503
    Cash dividends $30,000

    Amerant Bank National Association's interest expense for loans was $36,636,000.
    Amerant Bank National Association's payroll and benefits expense were $117,585,000.
    Amerant Bank National Association's property, plant and equipment expenses $24,269,000.

    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 0.0%
    HELOC loans 1.0%
    All other family 0.0%
    Commercial & industrial loans 2.0%
    Personal loans 0.0%
    Credit card loans 0.0%
    Other individual loans 0.0%
    Auto loans 8.0%
    Other consumer loans 0.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $5,658,973
    Deposits held in domestic offices $5,653,512
    Deposits by Individuals, partnerships, and corporations $5,560,088
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $70,802
    Deposits by Commercial banks and other depository institutions in U.S. $2,802
    Deposits by Banks in foreign countries $19,819
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $630,459
    Demand deposits $598,143
    Nontransaction accounts $5,023,052
    Money market deposit accounts (MMDAs) $3,364,845
    Other savings deposits (excluding MMDAs) $325,826
    Total time deposits $1,332,379
    Total time and savings deposits $5,055,368
    Noninterest-bearing deposits $1,183,351
    Interest-bearing deposits $4,470,161
    Retail deposits $4,848,086
    IRAs and Keogh plan accounts $45,987
    Brokered deposits $387,287
    Deposits held in foreign offices $5,461

    Assets

    Asset Value (in 000's)
    Total Assets $7,622,254
    Cash & Balances due from depository institutions $272,059
    Interest-bearing balances $240,540
    Total securities $1,291,244
    Federal funds sold & reverse repurchase $0
    Net loans and leases $5,497,641
    Loan and leases loss allowance $69,899
    Trading account assets $0
    Bank premises and fixed assets $178,999
    Other real estate owned $9,720
    Goodwill and other intangibles $21,400
    All other assets $351,191

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $7,622,254
    Total Liabilities $6,706,652
    Total deposits $5,658,973
    Interest-bearing deposits $4,475,622
    Deposits held in domestic offices $5,653,512
    % insured (estimated) $64
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $809,577
    Subordinated debt $0
    All other liabilities $238,102

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $5,497,641
    Loan and leases loss allowance $69,899
    Total loans and leases (domestic) $5,567,540
    All real estate loans $4,164,492
    Real estate loans in domestic offices $4,164,492
    Construction and development loans $327,185
    Residential 1-4 family construction $0
    Other construction, all land development and other land $327,185
    Loans secured by nonfarm nonresidential properties $2,614,778
    Nonfarm nonresidential secured by owner-occupied properties $963,856
    Commercial real estate & other non-farm, non-residential $1,650,922
    Multifamily residential real estate $546,285
    1-4 family residential loans $676,244
    Farmland loans $0
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $965,673
    To non-U.S. addressees $40,778
    Loans to individuals $423,094
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $67
    Other loans to individuals $423,027
    All other loans & leases $14,281
    Loans to foreign governments and official institutions $0
    Other loans $571
    Loans to depository institutions and acceptances of other banks $13,710
    Loans not secured by real estate $0
    Loans secured by real estate to non-U.S. addressees $45,518
    Restructured Loans & leases $0
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    AMERANT BANK NATIONAL ASSOCIATION had $5,497,641,000 of loans outstanding in 2021. $4,164,492,000 of loans were in real estate loans. $327,185,000 of loans were in development loans. $546,285,000 of loans were in multifamily mortgage loans. $676,244,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $67,000 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 597 $205,805 $344,732
    Nonfarm, nonresidential loans - <$100k 38 $2,463 $64,816
    Nonfarm, nonresidential loans - $100-250k 137 $20,852 $152,204
    Nonfarm, nonresidential loans - $250k-1MM 422 $182,490 $432,441
    Commercial & Industrial, US addressed loans - <$1MM 1,103 $172,389 $156,291
    Commercial & Industrial, US addressed loans - <$100k 488 $21,703 $44,473
    Commercial & Industrial, US addressed loans - $100-250k 313 $46,336 $148,038
    Commercial & Industrial, US addressed loans - $250k-1MM 302 $104,350 $345,530