Stillman Bank Mortgage Rates, Fees & Info
Stillman Valley, ILLEI: 2549006L3U88MNTL7K26
Tax ID: 36-1828310
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Mortgage Data
Review & Overview
Stillman Bank is a smaller bank specializing in Home Purchase and Cash Out Refi loans. Stillman 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.) They have a low ratio of USDA loans. Their top markets by origination volume include: Rockford, Rochelle, Janesville, Chicago, and Freeport among others. We have data for 14 markets. (Some data included below & more in-depth data is available with an active subscription.)Stillman Bank has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Stillman 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 relatively high 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 | 6.95% | 4/28/24 |
| 30 Year Conventional Refi | 6.43% | 4/28/24 |
| 30 Year Cash-out Refi | 6.69% | 4/28/24 |
| 30 Year FHA Purchase | 7.30% | 4/28/24 |
| 30 Year USDA Purchase | 7.04% | 4/28/24 |
| 15 Year Conventional Purchase | 6.64% | 4/28/24 |
| 15 Year Conventional Refi | 6.03% | 4/28/24 |
| 15 Year Cash-out Refi | 6.03% | 4/28/24 |
| 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. | ||
Stillman Bank Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
260Origination Dollar Volume (All Markets)
$38,560,000Awards
Stillman Bank - 2022
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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 |
|---|---|---|---|---|---|
| ROCKFORD, IL (FHA|USDA|VA) | 146 | $20,760,000 | $142,192 | $2,323 | 5.24% |
| Rochelle, IL (FHA|USDA|VA) | 83 | $10,025,000 | $120,783 | $2,049 | 5.14% |
| JANESVILLE-BELOIT, WI (FHA|USDA|VA) | 4 | $2,520,000 | $630,000 | $2,358 | 5.24% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 9 | $2,215,000 | $246,111 | $5,089 | 4.77% |
| Outside of Metro Areas | 3 | $755,000 | $251,667 | $2,349 | 5.08% |
| Freeport, IL (FHA|USDA|VA) | 3 | $425,000 | $141,667 | $1,965 | 4.22% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $2,075 | 6.59% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $2,639 | 6.38% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $4,008 | 3.15% |
| Sterling, IL (FHA|USDA|VA) | 2 | $210,000 | $105,000 | $1,913 | 4.44% |
| Houghton, MI (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $2,365 | 3.95% |
| COLUMBIA, SC (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $2,274 | 3.75% |
| KANKAKEE, IL (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $1,727 | 5.63% |
| Dixon, IL (FHA|USDA|VA) | 4 | $150,000 | $37,500 | $845 | 5.65% |
Similar Lenders
We use machine learning to identify the top lenders compared against Stillman 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 | 249 | $36,785,000 | $147,731 | $2,163 | 5.19% |
| FHA | 10 | $1,650,000 | $165,000 | $5,848 | 4.75% |
| USDA | 1 | $125,000 | $125,000 | $3,723 | 5.25% |
For 2022, Stillman Bank's most frequently originated type of loan was Conventional, with 249 originations. Their 2nd most popular type was FHA, with 10 originations.
Loan Reason
For 2022, Stillman Bank's most frequently cited loan purpose was Home Purchase, with 139 originations. The 2nd most popular reason was Cash Out Refi, with 75 originations.
Loan Duration/Length
For 2022, Stillman Bank's most frequently cited loan duration was 30 Year, with 153 originations. The 2nd most popular length was 15 Year, with 41 originations.
Origination Fees/Closing Costs
Stillman Bank's average total fees were $2,740, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 206 originations.
Interest Rates
During 2022, Stillman Bank's average interest rate for loans was 5.23%, while their most frequently originated rate bucket for loans was 5-6%, with 83 originations.
Loan Sizing
2022 saw Stillman Bank place emphasis on $100,000 or less loans with 112 originations, totaling $7,110,000 in origination value.
Applicant Income
Stillman Bank lent most frequently to those with incomes in the $50k or less range, with 64 originations. The second most popular income band? $50k-75k, with 52 originations.
Applicant Debt to Income Ratio
Stillman Bank lent most frequently to those with DTI ratios of 20-30%, with 73 originations. The next most common DTI ratio? 30-36%, with 41 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications95.11%
Stillman 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 origination76.54%
Stillman Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 260 | $38,560,000 | $148,308 |