Albany Bank And Trust Company N.a. Mortgage Rates, Fees & Info
Chicago, ILLEI: 25490001F0A9F7BV6B05
Tax ID: 36-2245476
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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. They have a below average pick rate when compared to similar lenders.
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Originations
20Origination Dollar Volume (All Markets)
$28,360,000Top 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) | 20 | $28,360,000 | $1,418,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 20 | $28,360,000 | $1,418,000 | $0 | 0.00% |
For 2023, Albany Bank And Trust Company N.a.'s most frequently originated type of loan was Conventional, with 20 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 11 | $18,115,000 | $1,646,818 | $0 | 0.00% |
| Refi | 8 | $9,940,000 | $1,242,500 | $0 | 0.00% |
| Home Improvement | 1 | $305,000 | $305,000 | $0 | 0.00% |
For 2023, Albany Bank And Trust Company N.a.'s most frequently cited loan purpose was Home Purchase, with 11 originations. The 2nd most popular reason was Refi, with 8 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 20 | $28,360,000 | $1,418,000 | $0 | 0.00% |
For 2023, Albany Bank And Trust Company N.a.'s most frequently cited loan duration was Other, with 20 originations.
Loan Sizing
2023 saw Albany Bank And Trust Company N.a. place emphasis on $1MM+ loans with 10 originations, totaling $21,780,000 in origination value.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 20 | $28,360,000 | $1,418,000 | $0 | 0.00% |
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Not applicable | 20 | $28,360,000 | $1,418,000 | $0 | 0.00% |
Approval Rates
Total approvals of all applications92.00%
Albany Bank And Trust Company N.a. has an average approval rate.
Pick Rate
Approvals leading to origination85.00%
Albany Bank And Trust Company N.a. has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 20 | $28,360,000 | $1,418,000 |