First Savings Bank Of Hegewisch Mortgage Rates, Fees & Info

Chicago, IL

LEI: 2549008F85XOERURYW13

Tax ID: 36-1204965

5 stars - Updated: 11/11/24 - out of 5 stars, based on 8 reviews

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Relative Rates
  • Relative Fees
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • 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

    First Savings Bank Of Hegewisch is a smaller bank specializing in Home Purchase loans. First Savings Bank Of Hegewisch has a high proportion of conventional loans. Their top two markets are Chicago and Kankakee .

    First Savings Bank Of Hegewisch has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. First Savings Bank Of Hegewisch 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.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 5.62% 11/11/24
    30 Year Conventional Refi 5.64% 11/11/24
    15 Year Conventional Purchase 5.21% 11/11/24
    15 Year Conventional Refi 5.35% 11/11/24
    15 Year Cash-out Refi 5.35% 11/11/24
    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.

    First Savings Bank Of Hegewisch Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from First Savings Bank Of Hegewisch. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

    The default purchase price is the median sales price across the US for 2022Q4, per FRED.


    Originations

    67

    Origination Dollar Volume (All Markets)

    $17,865,000

    Awards

    First Savings Bank of Hegewisch 30 Year Conventional Loans gold First Savings Bank of Hegewisch 30 Year Conventional Loans bronze First Savings Bank of Hegewisch 30 Year Conventional Loans gold First Savings Bank of Hegewisch 30 Year Conventional Loans gold
    Show all (4) awards

    Relative Rate

    First Savings Bank Of Hegewisch's average 30 year fixed mortgage rate was 5.8%.

    The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

    This yields a difference of -0.68%.

    Relative Fees (Closing Costs)

    First Savings Bank Of Hegewisch's average total fees/closing costs for a 30 year fixed rate mortgage were $3,442.

    The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $9,089.

    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) 66 $17,580,000 $266,364 $2,889 5.85%
    KANKAKEE, IL (FHA|USDA|VA) 1 $285,000 $285,000 $3,222 5.75%
    First Savings Bank Of Hegewisch's top markets include Chicago and Kankakee among others.

    Their top states include:
  • Indiana (FHA|USDA|VA)
  • Illinois (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against First Savings Bank of Hegewisch based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    First Savings Bank of Hegewisch
    Similarity Rank: 46
    Liberty Bank for Savings
    Similarity Rank: 279
    LAKE MORTGAGE COMPANY INC
    Similarity Rank: 417
    DuPage Credit Union
    Similarity Rank: 423
    CROWN MORTGAGE COMPANY
    Similarity Rank: 523
    First Financial Credit Union
    Similarity Rank: 934
    EDUCATORS CREDIT UNION
    Similarity Rank: 1000
    PARLAY MORTGAGE & PROPERTY, INC.
    Similarity Rank: 1216
    Providence Bank & Trust
    Similarity Rank: 1243
    CNB Bank And Trust, N.A.
    Similarity Rank: 1273

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 67 $17,865,000 $266,642 $2,894 5.85%

    For 2023, First Savings Bank Of Hegewisch's most frequently originated type of loan was Conventional, with 67 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 47 $15,715,000 $334,362 $3,685 5.87%
    Refi 9 $1,775,000 $197,222 $1,786 5.52%
    Home Improvement 6 $170,000 $28,333 $424 5.89%
    Other 5 $205,000 $41,000 $416 6.22%

    For 2023, First Savings Bank Of Hegewisch's most frequently cited loan purpose was Home Purchase, with 47 originations. The 2nd most popular reason was Refi, with 9 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 47 $15,085,000 $320,957 $3,442 5.80%
    15 Year 10 $720,000 $72,000 $1,187 5.91%
    10 Year 6 $1,770,000 $295,000 $2,753 5.94%
    5 Year 2 $40,000 $20,000 $420 6.23%
    Other 2 $250,000 $125,000 $1,446 5.98%

    For 2023, First Savings Bank Of Hegewisch's most frequently cited loan duration was 30 Year, with 47 originations. The 2nd most popular length was 15 Year, with 10 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 67 $17,865,000 $266,642

    First Savings Bank Of Hegewisch's average total fees were $3,442, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 67 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 52 $13,780,000 $265,000
    6-7% 13 $3,745,000 $288,077
    7-8% 2 $340,000 $170,000

    During 2023, First Savings Bank Of Hegewisch's average interest rate for loans was 5.80%, while their most frequently originated rate bucket for loans was 5-6%, with 52 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 27 $7,385,000 $273,519 $3,349 5.91%
    $100,000 or less 16 $750,000 $46,875 $903 5.87%
    $400k-600k 14 $6,520,000 $465,714 $4,141 5.88%
    $100k-200k 7 $1,105,000 $157,857 $2,794 5.68%
    $600k-1MM 3 $2,105,000 $701,667 $3,820 5.50%

    2023 saw First Savings Bank Of Hegewisch place emphasis on $200k-400k loans with 27 originations, totaling $7,385,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 22 $7,530,000 $342,273 $2,906 5.87%
    $100k-150k 17 $4,585,000 $269,706 $3,388 5.83%
    $50k-75k 10 $880,000 $88,000 $1,728 5.73%
    $75k-100k 9 $1,655,000 $183,889 $2,087 5.91%
    $250k+ 7 $3,115,000 $445,000 $4,812 6.04%
    $50k or less 2 $100,000 $50,000 $1,302 5.46%

    First Savings Bank Of Hegewisch lent most frequently to those with incomes in the $150k-250k range, with 22 originations. The second most popular income band? $100k-150k, with 17 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 28 $7,260,000 $259,286 $2,851 5.85%
    30-36% 18 $6,230,000 $346,111 $3,170 6.00%
    <20% 9 $1,355,000 $150,556 $1,841 5.72%
    41% 4 $1,270,000 $317,500 $4,173 6.09%
    39% 3 $465,000 $155,000 $1,498 5.70%
    38% 2 $500,000 $250,000 $3,788 5.50%
    42% 1 $145,000 $145,000 $3,743 5.75%
    36% 1 $195,000 $195,000 $2,757 5.38%
    37% 1 $445,000 $445,000 $5,149 5.25%

    First Savings Bank Of Hegewisch lent most frequently to those with DTI ratios of 20-30%, with 28 originations. The next most common DTI ratio? 30-36%, with 18 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 55 $15,365,000 $279,364 $2,878 5.86%
    Black 7 $1,025,000 $146,429 $1,848 5.83%
    Not provided 3 $725,000 $241,667 $4,551 5.67%
    Asian Indian 1 $515,000 $515,000 $6,370 6.25%
    Asian 1 $235,000 $235,000 $2,623 5.50%

    Approval Rates

    Total approvals of all applications
    74.73%

    First Savings Bank Of Hegewisch has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    40.30%

    First Savings Bank Of Hegewisch has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 67 $17,865,000 $266,642

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    67 $17,865,000 $266,642

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 7 $895,000 $127,857 $2,112 5.86%
    40-60% 7 $1,785,000 $255,000 $3,313 5.95%
    60-80% 22 $7,300,000 $331,818 $3,757 5.76%
    80-100% 20 $7,460,000 $373,000 $3,336 5.83%
    Under 20% 11 $425,000 $38,636 $592 6.00%