Belmont Bank & Trust Company Mortgage Rates, Fees & Info
Chicago, ILLEI: 254900A96XUDILENXL30
Tax ID: 56-2580290
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Mortgage Data
Review & Overview
Belmont Bank & Trust Company is a smaller bank specializing in Home Purchase and Refi loans. Belmont Bank & Trust Company has a high proportion of conventional loans. Their top two markets are Chicago and Niles .Belmont Bank & Trust Company has an above average approval rate when compared to the average across all lenders.
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Originations
24Origination Dollar Volume (All Markets)
$12,790,000Top 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) | 23 | $12,365,000 | $537,609 | $0 | 0.00% |
NILES, MI (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $0 | 0.00% |
Product Mix
Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
---|---|---|---|---|---|
Conventional | 24 | $12,790,000 | $532,917 | $0 | 0.00% |
For 2019, Belmont Bank & Trust Company's most frequently originated type of loan was Conventional, with 24 originations.
Loan Reason
For 2019, Belmont Bank & Trust Company's most frequently cited loan purpose was Home Purchase, with 14 originations. The 2nd most popular reason was Refi, with 8 originations.
Loan Duration/Length
Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
---|---|---|---|---|---|
Other | 24 | $12,790,000 | $532,917 | $0 | 0.00% |
For 2019, Belmont Bank & Trust Company's most frequently cited loan duration was Other, with 24 originations.
Loan Sizing
2019 saw Belmont Bank & Trust Company place emphasis on $200k-400k loans with 7 originations, totaling $2,265,000 in origination value.
Applicant Income
Belmont Bank & Trust Company lent most frequently to those with incomes in the $50k or less range, with 3 originations. The second most popular income band? $150k-250k, with 1 originations.
Applicant Debt to Income Ratio
DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
---|---|---|---|---|---|
Exempt% | 24 | $12,790,000 | $532,917 | $0 | 0.00% |
Belmont Bank & Trust Company lent most frequently to those with DTI ratios of Exempt%, with 24 originations.
Ethnicity Mix
Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
---|---|---|---|---|---|
Not applicable | 15 | $10,285,000 | $685,667 | $0 | 0.00% |
White | 9 | $2,505,000 | $278,333 | $0 | 0.00% |
Approval Rates
Total approvals of all applications100.00%
Belmont Bank & Trust Company 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 |
---|---|---|---|
Exempt | 24 | $12,790,000 | $532,917 |