Albany Bank And Trust Company N.a. Mortgage Rates, Fees & Info
Chicago, ILLEI: 25490001F0A9F7BV6B05
Tax ID: 36-2245476
Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Albany Bank And Trust Company N.a. is a smaller bank specializing in Home Purchase and Refi loans. Albany Bank And Trust Company N.a. has a high proportion of conventional loans. Their top (well, only) market is Chicago.Albany Bank And Trust Company N.a. has an above average approval rate when compared to the average across all lenders.
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Originations
9Origination Dollar Volume (All Markets)
$10,775,000Top 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 |
|---|---|---|---|---|---|
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 9 | $10,775,000 | $1,197,222 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 9 | $10,775,000 | $1,197,222 | $0 | 0.00% |
For 2024, Albany Bank And Trust Company N.a.'s most frequently originated type of loan was Conventional, with 9 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 6 | $7,320,000 | $1,220,000 | $0 | 0.00% |
| Refi | 3 | $3,455,000 | $1,151,667 | $0 | 0.00% |
For 2024, Albany Bank And Trust Company N.a.'s most frequently cited loan purpose was Home Purchase, with 6 originations. The 2nd most popular reason was Refi, with 3 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 9 | $10,775,000 | $1,197,222 | $0 | 0.00% |
For 2024, Albany Bank And Trust Company N.a.'s most frequently cited loan duration was Other, with 9 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $1MM+ | 6 | $8,690,000 | $1,448,333 | $0 | 0.00% |
| $600k-1MM | 2 | $1,530,000 | $765,000 | $0 | 0.00% |
| $400k-600k | 1 | $555,000 | $555,000 | $0 | 0.00% |
2024 saw Albany Bank And Trust Company N.a. place emphasis on $1MM+ loans with 6 originations, totaling $8,690,000 in origination value.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 9 | $10,775,000 | $1,197,222 | $0 | 0.00% |
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Not applicable | 9 | $10,775,000 | $1,197,222 | $0 | 0.00% |
Approval Rates
Total approvals of all applications100.00%
Albany Bank And Trust Company N.a. has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to originationPoints and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 9 | $10,775,000 | $1,197,222 |