Countryside Bank Mortgage Rates, Fees & Info
COUNTRYSIDE, ILLEI: 2549002MI5DFOS2RR259
Tax ID: 36-2814456
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage Data
Review & Overview
Countryside Bank is a smaller bank specializing in Home Purchase and Refi loans. Countryside Bank has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: Chicago, Michigan City, Indianapolis, Los Angeles, and Salt Lake City among others. We have data for 14 markets. (Some data included below & more in-depth data is available with an active subscription.)Countryside Bank 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.
Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.
Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.
Originations
234Origination Dollar Volume (All Markets)
$92,230,000Top 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) | 218 | $86,840,000 | $398,349 | $0 | 0.00% |
| MICHIGAN CITY-LA PORTE, IN (FHA|USDA|VA) | 2 | $1,910,000 | $955,000 | $0 | 0.00% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 2 | $580,000 | $290,000 | $0 | 0.00% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $0 | 0.00% |
| SALT LAKE CITY, UT (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $0 | 0.00% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $0 | 0.00% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $0 | 0.00% |
| Outside of Metro Areas | 2 | $330,000 | $165,000 | $0 | 0.00% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 0.00% |
| SIOUX FALLS, SD (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $0 | 0.00% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 0.00% |
| GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 0.00% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 0.00% |
| RACINE, WI (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 233 | $91,985,000 | $394,785 | $0 | 0.00% |
| FHA | 1 | $245,000 | $245,000 | $0 | 0.00% |
For 2018, Countryside Bank's most frequently originated type of loan was Conventional, with 233 originations. Their 2nd most popular type was FHA, with 1 originations.
Loan Reason
For 2018, Countryside Bank's most frequently cited loan purpose was Home Purchase, with 138 originations. The 2nd most popular reason was Refi, with 48 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 234 | $92,230,000 | $394,145 | $0 | 0.00% |
For 2018, Countryside Bank's most frequently cited loan duration was Other, with 234 originations.
Loan Sizing
2018 saw Countryside Bank place emphasis on $200k-400k loans with 87 originations, totaling $25,505,000 in origination value.
Applicant Income
Countryside Bank lent most frequently to those with incomes in the $150k-250k range, with 44 originations. The second most popular income band? $250k+, with 44 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 234 | $92,230,000 | $394,145 | $0 | 0.00% |
Countryside Bank lent most frequently to those with DTI ratios of Exempt%, with 234 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications95.07%
Countryside Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination90.60%
Countryside Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 234 | $92,230,000 | $394,145 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Multifamily:Site-Built | 5 | $5,905,000 | $1,181,000 |
| Single Family (1-4 Units):Site-Built | 229 | $86,325,000 | $376,965 |
Complaints
| Bank Name | Product | Issue | 2018 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| CountryPlace Acceptance Corporation | FHA mortgage | Trouble during payment process | 1 | 50.0% |
| CountryPlace Acceptance Corporation | Other type of mortgage | Struggling to pay mortgage | 1 | 50.0% |