First State Bank Of Bloomington Mortgage Rates, Fees & Info

Bloomington, IL

LEI: 254900R45W3ZMI3IVW43

Tax ID: 37-0987743

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

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • 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 State Bank Of Bloomington is a smaller bank specializing in Refi and Home Purchase loans. First State Bank Of Bloomington has a high proportion of conventional loans. Their top markets by origination volume include: Bloomington, Peoria, and Ottawa among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)

    First State Bank Of Bloomington 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.

    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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    Originations

    64

    Origination Dollar Volume (All Markets)

    $13,450,000

    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
    BLOOMINGTON, IL (FHA|USDA|VA) 52 $11,550,000 $222,115 $0 0.00%
    Outside of Metro Areas 7 $905,000 $129,286 $0 0.00%
    PEORIA, IL (FHA|USDA|VA) 4 $790,000 $197,500 $0 0.00%
    Ottawa, IL (FHA|USDA|VA) 1 $205,000 $205,000 $0 0.00%
    First State Bank Of Bloomington's top markets include Bloomington, Peoria, and Ottawa among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 64 $13,450,000 $210,156 $0 0.00%

    For 2022, First State Bank Of Bloomington's most frequently originated type of loan was Conventional, with 64 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 31 $8,105,000 $261,452 $0 0.00%
    Home Purchase 25 $4,505,000 $180,200 $0 0.00%
    Cash Out Refi 5 $665,000 $133,000 $0 0.00%
    Other 2 $120,000 $60,000 $0 0.00%
    Home Improvement 1 $55,000 $55,000 $0 0.00%

    For 2022, First State Bank Of Bloomington's most frequently cited loan purpose was Refi, with 31 originations. The 2nd most popular reason was Home Purchase, with 25 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 64 $13,450,000 $210,156 $0 0.00%

    For 2022, First State Bank Of Bloomington's most frequently cited loan duration was Other, with 64 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 26 $3,560,000 $136,923 $0 0.00%
    $100,000 or less 17 $955,000 $56,176 $0 0.00%
    $200k-400k 13 $3,625,000 $278,846 $0 0.00%
    $400k-600k 4 $1,670,000 $417,500 $0 0.00%
    $600k-1MM 3 $2,485,000 $828,333 $0 0.00%
    $1MM+ 1 $1,155,000 $1,155,000 $0 0.00%

    2022 saw First State Bank Of Bloomington place emphasis on $100k-200k loans with 26 originations, totaling $3,560,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 10 $1,090,000 $109,000 $0 0.00%
    $50k or less 10 $1,110,000 $111,000 $0 0.00%
    $100k-150k 8 $1,040,000 $130,000 $0 0.00%
    $150k-250k 8 $2,330,000 $291,250 $0 0.00%
    $250k+ 5 $2,395,000 $479,000 $0 0.00%
    $75k-100k 5 $675,000 $135,000 $0 0.00%

    First State Bank Of Bloomington lent most frequently to those with incomes in the $50k-75k range, with 10 originations. The second most popular income band? $50k or less, with 10 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 64 $13,450,000 $210,156 $0 0.00%

    First State Bank Of Bloomington lent most frequently to those with DTI ratios of Exempt%, with 64 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 44 $8,510,000 $193,409 $0 0.00%
    Not applicable 13 $3,325,000 $255,769 $0 0.00%
    Not provided 5 $1,565,000 $313,000 $0 0.00%
    Other Asian 1 $25,000 $25,000 $0 0.00%
    Black 1 $25,000 $25,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    89.41%

    First State Bank Of Bloomington has an average approval rate.

    Pick Rate

    Approvals leading to origination
    81.25%

    First State Bank Of Bloomington has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 64 $13,450,000 $210,156

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    64 $13,450,000 $210,156

    Complaints

    Bank Name Product Issue 2022 CPFB Complaints % of Total Issues
    FIRST CITIZENS BANCSHARES, INC. Home equity loan or line of credit (HELOC) Applying for a mortgage or refinancing an existing mortgage 1 100.0%