Albany Bank And Trust Company N.a. Mortgage Rates, Fees & Info

Chicago, IL

LEI: 25490001F0A9F7BV6B05

Tax ID: 36-2245476

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

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Mortgage Data

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

    • Review & Overview

    Albany Bank And Trust Company N.a. is a smaller bank specializing in Refi and Home Purchase 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 average approval rate when compared to the average across all lenders.

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    Originations

    24

    Origination Dollar Volume (All Markets)

    $29,030,000

    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
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 24 $29,030,000 $1,209,583 $0 0.00%
    Albany Bank And Trust Company N.a.'s top markets include and Chicago among others.

    Their top states include:
  • Illinois (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 24 $29,030,000 $1,209,583 $0 0.00%

    For 2018, Albany Bank And Trust Company N.a.'s most frequently originated type of loan was Conventional, with 24 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 11 $8,705,000 $791,364 $0 0.00%
    Home Purchase 10 $15,420,000 $1,542,000 $0 0.00%
    Cash Out Refi 3 $4,905,000 $1,635,000 $0 0.00%

    For 2018, Albany Bank And Trust Company N.a.'s most frequently cited loan purpose was Refi, with 11 originations. The 2nd most popular reason was Home Purchase, with 10 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 24 $29,030,000 $1,209,583 $0 0.00%

    For 2018, Albany Bank And Trust Company N.a.'s most frequently cited loan duration was Other, with 24 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $1MM+ 10 $22,800,000 $2,280,000 $0 0.00%
    $200k-400k 5 $1,425,000 $285,000 $0 0.00%
    $600k-1MM 4 $3,040,000 $760,000 $0 0.00%
    $400k-600k 3 $1,495,000 $498,333 $0 0.00%
    $100k-200k 2 $270,000 $135,000 $0 0.00%

    2018 saw Albany Bank And Trust Company N.a. place emphasis on $1MM+ loans with 10 originations, totaling $22,800,000 in origination value.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 24 $29,030,000 $1,209,583 $0 0.00%

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 20 $27,730,000 $1,386,500 $0 0.00%
    White 4 $1,300,000 $325,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    85.71%

    Albany Bank And Trust Company N.a. has an average approval rate.

    Pick Rate

    Approvals leading to origination

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 24 $29,030,000 $1,209,583

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 13 $23,535,000 $1,810,385
    Single Family (1-4 Units):Site-Built 11 $5,495,000 $499,545

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    ALLY FINANCIAL INC. Other type of mortgage Struggling to pay mortgage 1 10.0%
    ALLY FINANCIAL INC. Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 3 30.0%
    ALLY FINANCIAL INC. Conventional home mortgage Closing on a mortgage 2 20.0%
    ALLY FINANCIAL INC. Conventional home mortgage Trouble during payment process 2 20.0%
    ALLY FINANCIAL INC. Home equity loan or line of credit (HELOC) Struggling to pay mortgage 1 10.0%
    ALLY FINANCIAL INC. Home equity loan or line of credit (HELOC) Trouble during payment process 1 10.0%