Byron Bank Mortgage Rates, Fees & Info
Byron, ILLEI: 254900KE9OJJUH139Q12
Tax ID: 36-1694689
Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Byron Bank is a smaller bank specializing in Home Purchase loans. Byron Bank has a high proportion of conventional loans. Their top markets by origination volume include: Rockford, Rochelle, Janesville, Chicago, and Freeport among others. We have data for 12 markets. (Some data included below & more in-depth data is available with an active subscription.)Byron 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.
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Originations
185Origination Dollar Volume (All Markets)
$35,995,000Top 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 |
|---|---|---|---|---|---|
| ROCKFORD, IL (FHA|USDA|VA) | 134 | $25,120,000 | $187,463 | $0 | 0.00% |
| Rochelle, IL (FHA|USDA|VA) | 29 | $5,625,000 | $193,966 | $0 | 0.00% |
| JANESVILLE-BELOIT, WI (FHA|USDA|VA) | 5 | $1,485,000 | $297,000 | $0 | 0.00% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 4 | $1,120,000 | $280,000 | $0 | 0.00% |
| Freeport, IL (FHA|USDA|VA) | 4 | $680,000 | $170,000 | $0 | 0.00% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 1 | $575,000 | $575,000 | $0 | 0.00% |
| Dixon, IL (FHA|USDA|VA) | 2 | $380,000 | $190,000 | $0 | 0.00% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $0 | 0.00% |
| Starkville, MS (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 0.00% |
| Outside of Metro Areas | 2 | $200,000 | $100,000 | $0 | 0.00% |
| MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 0.00% |
| Watertown-Fort Atkinson, WI (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 0.00% |
Similar Lenders
We use machine learning to identify the top lenders compared against Byron 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 | 185 | $35,995,000 | $194,568 | $0 | 0.00% |
For 2024, Byron Bank's most frequently originated type of loan was Conventional, with 185 originations.
Loan Reason
For 2024, Byron Bank's most frequently cited loan purpose was Home Purchase, with 140 originations. The 2nd most popular reason was Cash Out Refi, with 25 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 185 | $35,995,000 | $194,568 | $0 | 0.00% |
For 2024, Byron Bank's most frequently cited loan duration was Other, with 185 originations.
Loan Sizing
2024 saw Byron Bank place emphasis on $100k-200k loans with 63 originations, totaling $9,335,000 in origination value.
Applicant Income
Byron Bank lent most frequently to those with incomes in the $150k-250k range, with 32 originations. The second most popular income band? $50k-75k, with 28 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 185 | $35,995,000 | $194,568 | $0 | 0.00% |
Byron Bank lent most frequently to those with DTI ratios of Exempt%, with 185 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications91.98%
Byron Bank has an average approval rate.
Pick Rate
Approvals leading to origination82.16%
Byron Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 185 | $35,995,000 | $194,568 |