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 loans. Goodfield State Bank has a high proportion of conventional loans. Their top markets by origination volume include: Peoria, Bloomington, Davenport, Columbia, and Pontiac 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. Goodfield State Bank is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.
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% | 12/16/24 |
| 30 Year Conventional Refi | 6.13% | 12/16/24 |
| 30 Year Cash-out Refi | 6.41% | 12/16/24 |
| 15 Year Conventional Purchase | 5.75% | 12/16/24 |
| 15 Year Conventional Refi | 5.72% | 12/16/24 |
| 15 Year Cash-out Refi | 5.72% | 12/16/24 |
| 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
280Origination Dollar Volume (All Markets)
$43,700,000Awards
Goodfield State Bank - 2022
Goodfield State Bank is a 2022 , due to their low .
For 2022, less than of lenders were eligible for this award.
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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 |
|---|---|---|---|---|---|
| PEORIA, IL (FHA|USDA|VA) | 259 | $40,445,000 | $156,158 | $1,546 | 4.88% |
| BLOOMINGTON, IL (FHA|USDA|VA) | 11 | $1,825,000 | $165,909 | $1,445 | 5.41% |
| DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $1,473 | 4.75% |
| COLUMBIA, MO (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $2,514 | 6.50% |
| Pontiac, IL (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $1,741 | 3.00% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $5,874 | 7.00% |
| Outside of Metro Areas | 1 | $155,000 | $155,000 | $0 | 4.38% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 4.75% |
| CHAMPAIGN-URBANA, IL (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 4.00% |
| Pittsburg, KS (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 4.00% |
| Galesburg, IL (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 5.50% |
| Ottawa, IL (FHA|USDA|VA) | 1 | $15,000 | $15,000 | $387 | 6.50% |
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 | 278 | $43,530,000 | $156,583 | $1,562 | 4.91% |
| HELOC | 2 | $170,000 | $85,000 | n/a | 4.98% |
For 2022, Goodfield State Bank's most frequently originated type of loan was Conventional, with 278 originations. Their 2nd most popular type was HELOC, with 2 originations.
Loan Reason
For 2022, Goodfield State Bank's most frequently cited loan purpose was Home Purchase, with 191 originations. The 2nd most popular reason was Refi, with 55 originations.
Loan Duration/Length
For 2022, Goodfield State Bank's most frequently cited loan duration was Other, with 103 originations. The 2nd most popular length was 30 Year, with 84 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 222 | $36,240,000 | $163,243 |
Goodfield State Bank's average total fees were $2,090, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 222 originations.
Interest Rates
During 2022, Goodfield State Bank's average interest rate for loans was 5.13%, while their most frequently originated rate bucket for loans was 5-6%, with 85 originations.
Loan Sizing
2022 saw Goodfield State Bank place emphasis on $100,000 or less loans with 110 originations, totaling $6,450,000 in origination value.
Applicant Income
Goodfield State Bank lent most frequently to those with incomes in the $100k-150k range, with 53 originations. The second most popular income band? $50k or less, with 49 originations.
Applicant Debt to Income Ratio
Goodfield State Bank lent most frequently to those with DTI ratios of 20-30%, with 68 originations. The next most common DTI ratio? <20%, with 67 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications99.29%
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 |
|---|---|---|---|
| NA | 280 | $43,700,000 | $156,071 |