North Side Federal Savings And Loan Association Of Chicago Mortgage Rates, Fees & Info
Chicago, ILLEI: 254900S293MIVH34PR45
Tax ID: 36-1559567
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Mortgage Data
Review & Overview
North Side Federal Savings And Loan Association Of Chicago is a smaller mortgage company specializing in Home Purchase and Cash Out Refi loans. North Side Federal Savings And Loan Association Of Chicago has a high proportion of conventional loans. Their top (well, only) market is Chicago.North Side Federal Savings And Loan Association Of Chicago has an above average approval rate when compared to the average across all lenders. They typically have relatively high 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 | 6.27% | 11/17/24 |
| 30 Year Conventional Refi | 6.27% | 11/17/24 |
| 30 Year Cash-out Refi | 6.27% | 11/17/24 |
| 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. | ||
North Side Federal Savings And Loan Association Of Chicago Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
13Origination Dollar Volume (All Markets)
$3,505,000Relative Rate
North Side Federal Savings And Loan Association Of Chicago's average 30 year fixed mortgage rate was
6.13%.
The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.
This yields a difference of -0.36%.
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) | 13 | $3,505,000 | $269,615 | $0 | 6.15% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 12 | $3,350,000 | $279,167 | $0 | 6.02% |
| HELOC | 1 | $155,000 | $155,000 | n/a | 7.75% |
For 2023, North Side Federal Savings And Loan Association Of Chicago's most frequently originated type of loan was Conventional, with 12 originations. Their 2nd most popular type was HELOC, with 1 originations.
Loan Reason
For 2023, North Side Federal Savings And Loan Association Of Chicago's most frequently cited loan purpose was Home Purchase, with 7 originations. The 2nd most popular reason was Cash Out Refi, with 4 originations.
Loan Duration/Length
For 2023, North Side Federal Savings And Loan Association Of Chicago's most frequently cited loan duration was 30 Year, with 9 originations. The 2nd most popular length was 20 Year, with 2 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 5-6% | 9 | $2,495,000 | $277,222 |
| 6-7% | 3 | $855,000 | $285,000 |
| 7-8% | 1 | $155,000 | $155,000 |
During 2023, North Side Federal Savings And Loan Association Of Chicago's average interest rate for loans was 6.13%, while their most frequently originated rate bucket for loans was 5-6%, with 9 originations.
Loan Sizing
2023 saw North Side Federal Savings And Loan Association Of Chicago place emphasis on $200k-400k loans with 5 originations, totaling $1,465,000 in origination value.
Applicant Income
North Side Federal Savings And Loan Association Of Chicago lent most frequently to those with incomes in the $100k-150k range, with 5 originations. The second most popular income band? $150k-250k, with 5 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications100.00%
North Side Federal Savings And Loan Association 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 originationPoints and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 13 | $3,505,000 | $269,615 |