First Savings Bank Of Hegewisch Mortgage Rates, Fees & Info

Chicago, IL

LEI: 2549008F85XOERURYW13

Tax ID: 36-1204965

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

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • 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)

    • Bank Data

  • Branches
  • Income
  • Loan Types
  • Deposit Mix
  • Loan Performance
  • Assets
  • Business Loans

    • Review & Overview

    First Savings Bank Of Hegewisch is a smaller bank specializing in Refi loans. First Savings Bank Of Hegewisch has a high proportion of conventional loans. Their top markets by origination volume include: Chicago, Kankakee, and Michigan City among others. We have data for 3 markets. (Some data included below & more in-depth data is available with an active subscription.)

    First Savings Bank Of Hegewisch 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. 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 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 5.62% 4/21/24
    30 Year Conventional Refi 5.64% 4/21/24
    15 Year Conventional Purchase 5.21% 4/21/24
    15 Year Conventional Refi 5.35% 4/21/24
    15 Year Cash-out Refi 5.35% 4/21/24
    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

    640

    Origination Dollar Volume (All Markets)

    $149,000,000

    Employee count

    100

    Awards

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

    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) 638 $148,680,000 $233,041 $1,869 2.41%
    KANKAKEE, IL (FHA|USDA|VA) 1 $165,000 $165,000 $1,395 2.60%
    MICHIGAN CITY-LA PORTE, IN (FHA|USDA|VA) 1 $155,000 $155,000 $2,460 2.00%
    First Savings Bank Of Hegewisch's top markets include Chicago, Kankakee, and Michigan City among others.

    Their top states include:
  • Illinois (FHA|USDA|VA)
  • Indiana (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: 45
    Liberty Bank for Savings
    Similarity Rank: 153
    AMERITRUST MORTGAGE CORPORATION
    Similarity Rank: 861
    First Financial Credit Union
    Similarity Rank: 1090
    The Equitable Bank, S.S.B.
    Similarity Rank: 1166
    FINANCIAL PLUS
    Similarity Rank: 1220
    Providence Bank & Trust
    Similarity Rank: 1232
    CROWN MORTGAGE COMPANY
    Similarity Rank: 1252
    LOANFLIGHT LENDING, LLC
    Similarity Rank: 1560
    DuPage Credit Union
    Similarity Rank: 1866

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 640 $149,000,000 $232,813 $1,869 2.41%

    For 2021, First Savings Bank Of Hegewisch's most frequently originated type of loan was Conventional, with 640 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 557 $129,665,000 $232,792 $1,707 2.40%
    Home Purchase 76 $19,040,000 $250,526 $3,176 2.51%
    Other 4 $210,000 $52,500 $739 2.45%
    Home Improvement 3 $85,000 $28,333 $363 2.55%

    For 2021, First Savings Bank Of Hegewisch's most frequently cited loan purpose was Refi, with 557 originations. The 2nd most popular reason was Home Purchase, with 76 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 262 $77,820,000 $297,023 $2,093 2.60%
    15 Year 201 $37,745,000 $187,786 $1,674 2.18%
    10 Year 62 $10,310,000 $166,290 $1,720 2.15%
    20 Year 60 $12,900,000 $215,000 $1,820 2.52%
    Other 50 $10,010,000 $200,200 $1,876 2.56%
    5 Year 5 $215,000 $43,000 $358 2.32%

    For 2021, First Savings Bank Of Hegewisch's most frequently cited loan duration was 30 Year, with 262 originations. The 2nd most popular length was 15 Year, with 201 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 639 $148,665,000 $232,653
    $1k-2k 1 $335,000 $335,000

    First Savings Bank Of Hegewisch's average total fees were $2,093, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 639 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    <2.5% 323 $59,915,000 $185,495
    2.5-3% 317 $89,085,000 $281,025

    During 2021, First Savings Bank Of Hegewisch's average interest rate for loans was 2.60%, while their most frequently originated rate bucket for loans was <2.5%, with 323 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 266 $39,990,000 $150,338 $1,880 2.38%
    $200k-400k 225 $62,555,000 $278,022 $1,992 2.46%
    $100,000 or less 92 $6,510,000 $70,761 $1,442 2.31%
    $600k-1MM 30 $22,460,000 $748,667 $1,898 2.50%
    $400k-600k 21 $9,905,000 $471,667 $2,233 2.58%
    $1MM+ 6 $7,580,000 $1,263,333 $1,936 2.54%

    2021 saw First Savings Bank Of Hegewisch place emphasis on $100k-200k loans with 266 originations, totaling $39,990,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 168 $33,340,000 $198,452 $1,885 2.37%
    $75k-100k 127 $22,895,000 $180,276 $1,816 2.43%
    $50k-75k 116 $16,900,000 $145,690 $1,864 2.43%
    $150k-250k 111 $32,535,000 $293,108 $2,029 2.39%
    $250k+ 62 $37,680,000 $607,742 $1,767 2.43%
    $50k or less 50 $4,920,000 $98,400 $1,833 2.49%

    First Savings Bank Of Hegewisch lent most frequently to those with incomes in the $100k-150k range, with 168 originations. The second most popular income band? $75k-100k, with 127 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 260 $60,380,000 $232,231 $1,911 2.43%
    <20% 182 $39,350,000 $216,209 $1,752 2.36%
    30-36% 103 $27,175,000 $263,835 $1,894 2.40%
    41% 22 $5,190,000 $235,909 $1,885 2.51%
    36% 17 $4,815,000 $283,235 $2,389 2.48%
    40% 15 $2,745,000 $183,000 $1,762 2.48%
    37% 14 $3,290,000 $235,000 $1,834 2.43%
    38% 13 $2,445,000 $188,077 $2,020 2.37%
    39% 11 $3,165,000 $287,727 $1,795 2.55%
    42% 1 $135,000 $135,000 $1,523 2.60%
    43% 1 $145,000 $145,000 $2,232 2.35%
    44% 1 $165,000 $165,000 $1,615 2.55%

    First Savings Bank Of Hegewisch lent most frequently to those with DTI ratios of 20-30%, with 260 originations. The next most common DTI ratio? <20%, with 182 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 524 $121,790,000 $232,424 $1,844 2.43%
    Not provided 86 $20,380,000 $236,977 $1,990 2.35%
    Asian 12 $3,600,000 $300,000 $1,492 2.35%
    Black 14 $2,130,000 $152,143 $2,433 2.39%
    American Indian 3 $585,000 $195,000 $1,886 2.28%
    Asian Indian 1 $515,000 $515,000 $1,541 2.00%

    Approval Rates

    Total approvals of all applications
    95.10%

    First Savings Bank Of Hegewisch has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    67.19%

    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 640 $149,000,000 $232,813

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    640 $149,000,000 $232,813

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 90 $11,200,000 $124,444 $1,676 2.25%
    40-60% 198 $39,820,000 $201,111 $1,756 2.36%
    60-80% 270 $78,550,000 $290,926 $1,889 2.48%
    80-100% 67 $18,605,000 $277,687 $2,571 2.51%
    Under 20% 15 $825,000 $55,000 $1,049 2.34%

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    FIRST HORIZON BANK FHA mortgage Closing on a mortgage 1 2.9%
    FIRST HORIZON BANK Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 2 5.9%
    FIRST HORIZON BANK Conventional home mortgage Closing on a mortgage 2 5.9%
    FIRST HORIZON BANK Conventional home mortgage Struggling to pay mortgage 1 2.9%
    FIRST HORIZON BANK Conventional home mortgage Trouble during payment process 10 29.4%
    FIRST HORIZON BANK FHA mortgage Applying for a mortgage or refinancing an existing mortgage 1 2.9%
    FIRST HORIZON BANK VA mortgage Applying for a mortgage or refinancing an existing mortgage 1 2.9%
    FIRST HORIZON BANK Other type of mortgage Trouble during payment process 1 2.9%
    FIRST HORIZON BANK Other type of mortgage Closing on a mortgage 2 5.9%
    FIRST HORIZON BANK Other type of mortgage Applying for a mortgage or refinancing an existing mortgage 2 5.9%
    FIRST HORIZON BANK Home equity loan or line of credit (HELOC) Trouble during payment process 6 17.6%
    FIRST HORIZON BANK Home equity loan or line of credit (HELOC) Struggling to pay mortgage 1 2.9%
    FIRST HORIZON BANK Home equity loan or line of credit (HELOC) Applying for a mortgage or refinancing an existing mortgage 2 5.9%
    FIRST HORIZON BANK FHA mortgage Trouble during payment process 2 5.9%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    First Savings Bank of Hegewisch 10249 Indianapolis Boulevard Highland, IN 46322 Full Service B&M $18,541
    First Savings Bank of Hegewisch 10395 West Lincoln Highway Frankfort, IL 60423 Full Service B&M $22,630
    First Savings Bank of Hegewisch 10865 Parrish Avenue Saint John, IN 46373 Full Service B&M $15,482
    First Savings Bank of Hegewisch 1100 East Sibley Boulevard Calumet City, IL 60409 Full Service B&M $64,953
    First Savings Bank of Hegewisch 11601 Avenue O Chicago, IL 60617 Full Service B&M $58,494
    First Savings Bank of Hegewisch 13220 South Baltimore Avenue Chicago, IL 60633 Full Service B&M $127,517
    First Savings Bank of Hegewisch 1351 East South Street Crown Point, IN 46307 Full Service B&M $12,623
    First Savings Bank of Hegewisch 17501 80th Avenue Tinley Park, IL 60477 Full Service B&M $71,329
    First Savings Bank of Hegewisch 18200 S Halsted Homewood, IL 60430 Full Service B&M $22,891
    First Savings Bank of Hegewisch 18207 Burnham Avenue Lansing, IL 60438 Full Service B&M $114,575
    First Savings Bank of Hegewisch 2351 Glenwood Dyer Road Lynwood, IL 60411 Full Service B&M $30,832
    First Savings Bank of Hegewisch 4920 W 159th Street Oak Forest, IL 60452 Full Service B&M $9,979
    First Savings Bank of Hegewisch 7048 Kennedy Avenue Hammond, IN 46323 Full Service B&M $25,876
    First Savings Bank of Hegewisch 734 Main Street Dyer, IN 46311 Full Service B&M $65,465

    For 2021, First Savings Bank Of Hegewisch had 14 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $16,591
    Net interest income $13,787
    Total noninterest income $1,512
    Gross Fiduciary activities income $13
    Service charges on deposit accounts $232
    Trading account gains and fees $0
    Additional Noninterest Income $1,267
    Pre-tax net operating income $2,552
    Securities gains (or losses, -) $0
    Income before extraordinary items $1,908
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $1,908
    Minority interest net income $0
    Net income $1,908
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $1,908

    First Savings Bank Of Hegewisch's gross interest income from loans was $16,591,000.
    First Savings Bank Of Hegewisch's net interest income from loans was $13,787,000.
    First Savings Bank Of Hegewisch's fee based income from loans was $232,000.
    First Savings Bank Of Hegewisch's net income from loans was $1,908,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $2,804
    Provision for credit losses $0
    Total noninterest expense $12,747
    Salaries and employee benefits $6,287
    Premises and equipment expense $2,446
    Additional noninterest expense $4,014
    Applicable income taxes $644
    Net charge-offs $72
    Cash dividends $0

    First Savings Bank Of Hegewisch's interest expense for loans was $2,804,000.
    First Savings Bank Of Hegewisch's payroll and benefits expense were $6,287,000.
    First Savings Bank Of Hegewisch's property, plant and equipment expenses $2,446,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 0.0%
    Real Estate loans 0.0%
    Construction & Land Development loans 0.0%
    Nonfarm, nonresidential loans 0.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 0.0%
    HELOC loans 0.0%
    All other family 0.0%
    Commercial & industrial loans 0.0%
    Personal loans 0.0%
    Credit card loans 0.0%
    Other individual loans 0.0%
    Auto loans 0.0%
    Other consumer loans 0.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $684,889
    Deposits held in domestic offices $684,889
    Deposits by Individuals, partnerships, and corporations $673,641
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $11,247
    Deposits by Commercial banks and other depository institutions in U.S. $0
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $140,737
    Demand deposits $73,556
    Nontransaction accounts $544,151
    Money market deposit accounts (MMDAs) $75,940
    Other savings deposits (excluding MMDAs) $189,099
    Total time deposits $279,112
    Total time and savings deposits $611,332
    Noninterest-bearing deposits $73,556
    Interest-bearing deposits $611,333
    Retail deposits $639,188
    IRAs and Keogh plan accounts $55,135
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $799,515
    Cash & Balances due from depository institutions $154,418
    Interest-bearing balances $150,858
    Total securities $219,549
    Federal funds sold & reverse repurchase $0
    Net loans and leases $404,329
    Loan and leases loss allowance $1,796
    Trading account assets $0
    Bank premises and fixed assets $13,251
    Other real estate owned $75
    Goodwill and other intangibles $1,016
    All other assets $6,877

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $799,515
    Total Liabilities $687,201
    Total deposits $684,889
    Interest-bearing deposits $611,333
    Deposits held in domestic offices $684,889
    % insured (estimated) $94
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $2,312

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $404,329
    Loan and leases loss allowance $1,796
    Total loans and leases (domestic) $406,125
    All real estate loans $405,658
    Real estate loans in domestic offices $405,658
    Construction and development loans $0
    Residential 1-4 family construction $0
    Other construction, all land development and other land $0
    Loans secured by nonfarm nonresidential properties $1,173
    Nonfarm nonresidential secured by owner-occupied properties $113
    Commercial real estate & other non-farm, non-residential $1,060
    Multifamily residential real estate $2,996
    1-4 family residential loans $401,489
    Farmland loans $0
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $0
    To non-U.S. addressees $0
    Loans to individuals $458
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $261
    Other loans to individuals $197
    All other loans & leases $9
    Loans to foreign governments and official institutions $0
    Other loans $9
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $0
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $84
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    First Savings Bank of Hegewisch had $404,329,000 of loans outstanding in 2021. $405,658,000 of loans were in real estate loans. $0 of loans were in development loans. $2,996,000 of loans were in multifamily mortgage loans. $401,489,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $261,000 of loans were in the auto loan category.

    Small Business Loans

    Categorization # of Loans in Category $ amount of loans (in 000's) Average $/loan