Seacoast National Bank Mortgage Interest Rate and Cost Review

Is Seacoast National Bank a cheap or expensive mortgage lender? We compare the interest rates and closing costs charged by Seacoast National Bank with other lenders for comparable mortgages. Nationally, here is what we find:

Interest Ratelower than average (-0.11%)
Loan Related Closing Costslower than average (-$347)
National Rate and Closing Cost Rating(4.0)
Websitehttps://www.seacoastbank.com

On average, Seacoast National Bank’s interest rates were lower than those of other lenders (-0.11%) for a comparable set of borrowers. Its average total loan related closing cost was lower than those of other lenders, with a difference of -$347. Overall, combining interest rates and closing costs we estimate that Seacoast National Bank tends to be a cheap lender, and give it a National Rate and Closing Costs Rating of 4.0 out of 5.0 stars.

Seacoast National Bank’s Rates by Area

Mortgage lenders often set different rates in different geographical markets. In particular, among the markets we track Seacoast National Bank was most active in:

  1. Port St. Lucie, FL
  2. Orlando, FL
  3. Palm Coast, FL
  4. Palm Bay, FL
  5. Tampa, FL

Furthermore, Seacoast National Bank is our top ranked mortgage lender in terms of interest rate and closing costs in Port St. Lucie, FL, for FHA mortgages.

You can click through to check out Seacoast National Bank’s mortgage rate competitiveness by area. Or, for our data driven ranking of all the top mortgage lenders by area, click here.

Seacoast National Bank’s Rates by Mortgage Type

Mortgage lenders also tend to charge different interest rates and closing costs depending on the type of mortgage. In our data, Seacoast National Bank originated Conforming, FHA, Jumbo and VA mortgages for new home purchases and refinances. We breakdown its interest rate and total loan related closing cost difference relative to other lenders for comparable mortgages by type in the table below.

Purchase/Refinance:
New Purchase MortgagesConformingFHAJumboVA
Interest Rate Difference-0.11%-0.17%+0.01%-0.04%
Loan Related Closing Cost Difference-$341-$367-$21-$43
Cost Adjusted Rate Difference-0.13%-0.19%+0.01%-0.05%
Star Rating(4.0)(4.5)(3.5)(3.5)
Refinance MortgagesConformingFHAJumboVA
Interest Rate Difference-0.11%-0.01%+0.01%-0.01%
Loan Related Closing Cost Difference-$436-$43-$42-$88
Cost Adjusted Rate Difference-0.15%-0.01%+0.01%-0.02%
Star Rating(4.0)(3.5)(3.5)(3.5)

As a summary, Seacoast National Bank is cheap for Conforming and FHA purchase mortgages. It is similar to other lenders for Jumbo and VA purchase mortgages. For refinancing, Seacoast National Bank is cheap for Conforming mortgage refinance. It is similar to other lenders for FHA, Jumbo and VA mortgage refinance. Nevertheless, individual circumstances can matter, and we always recommend shopping among several lenders in your area before signing.

Other information about Seacoast National Bank:

Registered name: Seacoast National Bank
Registered city and state: Stuart, FL, 34994
Regulator: Office of the Comptroller of the Currency (OCC)
Top holder: SEACOAST BANKING CORPORATION OF FLORIDA

* Source of the data is Federal Financial Institutions Examination Council (FFIEC) and is for mortgages originated in the past year. Our comparable mortgages analysis controls for Seacoast National Bank’s distribution of loan term (e.g. 30 year vs 15 year), loan-to-value (LTV), debt-to-income (DTI), loan amount, loan program (e.g. Conforming/FHA), loan purpose (e.g. purchase/refinance), and commuting zone. Cost adjusted rates were computed based on each percent of the loan amount in above average loan related closing costs being worth +0.15 of a percentage point in interest rate. Furthermore, the amounts are regularized using a Bayesian approach to control for small samples.