Goodfield State Bank Mortgage Rates, Fees & Info
Goodfield, ILLEI: 2549002W5VVAQ5IH5726
Tax ID: 37-0296600
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Mortgage Data
Review & Overview
Goodfield State Bank is a smaller bank specializing in Home Purchase and Refi loans. Goodfield State Bank has a high proportion of conventional loans. Their top markets by origination volume include: Peoria, Bloomington, Pensacola, Fort Wayne, and Dallas among others. We have data for 12 markets. (Some data included below & more in-depth data is available with an active subscription.)Goodfield State Bank has an above average approval rate when compared to the average across all 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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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.33% | 4/18/24 |
| 30 Year Conventional Refi | 6.13% | 4/18/24 |
| 30 Year Cash-out Refi | 6.41% | 4/18/24 |
| 15 Year Conventional Purchase | 5.75% | 4/18/24 |
| 15 Year Conventional Refi | 5.72% | 4/18/24 |
| 15 Year Cash-out Refi | 5.72% | 4/18/24 |
| These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates. | ||
Goodfield State Bank Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
196Origination Dollar Volume (All Markets)
$30,080,000Top 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 |
|---|---|---|---|---|---|
| PEORIA, IL (FHA|USDA|VA) | 170 | $24,120,000 | $141,882 | $0 | 0.00% |
| BLOOMINGTON, IL (FHA|USDA|VA) | 10 | $1,940,000 | $194,000 | $0 | 0.00% |
| Outside of Metro Areas | 5 | $945,000 | $189,000 | $0 | 0.00% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 1 | $705,000 | $705,000 | $0 | 0.00% |
| FORT WAYNE, IN (FHA|USDA|VA) | 1 | $575,000 | $575,000 | $0 | 0.00% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 1 | $475,000 | $475,000 | $0 | 0.00% |
| Pontiac, IL (FHA|USDA|VA) | 2 | $450,000 | $225,000 | $0 | 0.00% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $0 | 0.00% |
| Ottawa, IL (FHA|USDA|VA) | 2 | $230,000 | $115,000 | $0 | 0.00% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 0.00% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 0.00% |
| Pittsburg, KS (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 0.00% |
Similar Lenders
We use machine learning to identify the top lenders compared against Goodfield State Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 196 | $30,080,000 | $153,469 | $0 | 0.00% |
For 2023, Goodfield State Bank's most frequently originated type of loan was Conventional, with 196 originations.
Loan Reason
For 2023, Goodfield State Bank's most frequently cited loan purpose was Home Purchase, with 117 originations. The 2nd most popular reason was Refi, with 55 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 196 | $30,080,000 | $153,469 | $0 | 0.00% |
For 2023, Goodfield State Bank's most frequently cited loan duration was Other, with 196 originations.
Loan Sizing
2023 saw Goodfield State Bank place emphasis on $100,000 or less loans with 74 originations, totaling $4,100,000 in origination value.
Applicant Income
Goodfield State Bank lent most frequently to those with incomes in the $100k-150k range, with 44 originations. The second most popular income band? $50k-75k, with 38 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 196 | $30,080,000 | $153,469 | $0 | 0.00% |
Goodfield State Bank lent most frequently to those with DTI ratios of Exempt%, with 196 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications100.00%
Goodfield State 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 originationPoints and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 196 | $30,080,000 | $153,469 |