Amalgamated Bank Of Chicago Mortgage Rates, Fees & Info
Chicago, ILLEI: 2549009SLV9L2AAN3089
Tax ID: 36-0721895
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage Data
Review & Overview
Amalgamated Bank Of Chicago is a smaller bank specializing in Refi and Home Purchase loans. Amalgamated Bank Of Chicago has a high proportion of conventional loans. Their top markets by origination volume include: Chicago, Miami, and Whitewater among others. We have data for 3 markets. (Some data included below & more in-depth data is available with an active subscription.)Amalgamated Bank Of Chicago has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar 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.
Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.
Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.
Originations
32Origination Dollar Volume (All Markets)
$46,920,000Top 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 |
|---|---|---|---|---|---|
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 30 | $42,400,000 | $1,413,333 | $0 | 6.71% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 1 | $4,165,000 | $4,165,000 | $0 | 5.85% |
| Whitewater, WI (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $0 | 6.75% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 32 | $46,920,000 | $1,466,250 | $0 | 6.69% |
For 2023, Amalgamated Bank Of Chicago's most frequently originated type of loan was Conventional, with 32 originations.
Loan Reason
For 2023, Amalgamated Bank Of Chicago's most frequently cited loan purpose was Refi, with 16 originations. The 2nd most popular reason was Home Purchase, with 13 originations.
Loan Duration/Length
For 2023, Amalgamated Bank Of Chicago's most frequently cited loan duration was 5 Year, with 21 originations. The 2nd most popular length was 3 Year, with 6 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 19 | $15,355,000 | $808,158 |
| 5-6% | 6 | $21,380,000 | $3,563,333 |
| 7-8% | 5 | $7,925,000 | $1,585,000 |
| Over 8% | 2 | $2,260,000 | $1,130,000 |
During 2023, Amalgamated Bank Of Chicago's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 6-7%, with 19 originations.
Loan Sizing
2023 saw Amalgamated Bank Of Chicago place emphasis on $1MM+ loans with 19 originations, totaling $41,395,000 in origination value.
Applicant Income
| Applicant Income | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $50k or less | 1 | $195,000 | $195,000 | $0 | 6.50% |
Amalgamated Bank Of Chicago lent most frequently to those with incomes in the $50k or less range, with 1 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications100.00%
Amalgamated Bank Of Chicago has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination96.88%
Amalgamated Bank Of Chicago has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 32 | $46,920,000 | $1,466,250 |