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 above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders.

    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.

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    Originations

    20

    Origination Dollar Volume (All Markets)

    $20,270,000

    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) 20 $20,270,000 $1,013,500 $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 20 $20,270,000 $1,013,500 $0 0.00%

    For 2019, 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
    Refi 16 $13,710,000 $856,875 $0 0.00%
    Home Purchase 4 $6,560,000 $1,640,000 $0 0.00%

    For 2019, Albany Bank And Trust Company N.a.'s most frequently cited loan purpose was Refi, with 16 originations. The 2nd most popular reason was Home Purchase, with 4 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 20 $20,270,000 $1,013,500 $0 0.00%

    For 2019, Albany Bank And Trust Company N.a.'s most frequently cited loan duration was Other, with 20 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $1MM+ 8 $13,640,000 $1,705,000 $0 0.00%
    $400k-600k 6 $2,970,000 $495,000 $0 0.00%
    $600k-1MM 4 $3,070,000 $767,500 $0 0.00%
    $200k-400k 2 $590,000 $295,000 $0 0.00%

    2019 saw Albany Bank And Trust Company N.a. place emphasis on $1MM+ loans with 8 originations, totaling $13,640,000 in origination value.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 20 $20,270,000 $1,013,500 $0 0.00%

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 16 $18,260,000 $1,141,250 $0 0.00%
    White 4 $2,010,000 $502,500 $0 0.00%

    Approval Rates

    Total approvals of all applications
    70.00%

    Albany Bank And Trust Company N.a. has a low approval rate. They may have poor market targeting or stringent lending standards.

    Pick Rate

    Approvals leading to origination
    95.00%

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

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 20 $20,270,000 $1,013,500

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 18 $19,410,000 $1,078,333
    Single Family (1-4 Units):Site-Built 2 $860,000 $430,000

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    Alpha Mortgage, LLC Other type of mortgage Closing on a mortgage 1 100.0%