North Side Federal Savings And Loan Association Of Chicago Mortgage Rates, Fees & Info

Chicago, IL

LEI: 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% 3/28/24
30 Year Conventional Refi 6.27% 3/28/24
30 Year Cash-out Refi 6.27% 3/28/24
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






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from North Side Federal Savings And Loan Association Of Chicago. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

The default purchase price is the median sales price across the US for 2022Q4, per FRED.


Originations

13

Origination Dollar Volume (All Markets)

$3,505,000

Relative 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%
North Side Federal Savings And Loan Association Of Chicago's top markets include and Chicago among others.

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

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 7 $2,055,000 $293,571 $0 5.91%
    Cash Out Refi 4 $840,000 $210,000 $0 5.97%
    Home Improvement 1 $155,000 $155,000 $0 7.75%
    Refi 1 $455,000 $455,000 $0 7.00%

    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

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 9 $2,855,000 $317,222 $0 6.13%
    20 Year 2 $230,000 $115,000 $0 5.94%
    15 Year 1 $265,000 $265,000 $0 5.25%
    Other 1 $155,000 $155,000 $0 7.75%

    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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 5 $1,465,000 $293,000 $0 5.93%
    $100k-200k 4 $580,000 $145,000 $0 6.38%
    $400k-600k 3 $1,435,000 $478,333 $0 6.25%
    $100,000 or less 1 $25,000 $25,000 $0 6.13%

    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

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 5 $1,155,000 $231,000 $0 5.90%
    $150k-250k 5 $1,455,000 $291,000 $0 6.35%
    $250k+ 1 $125,000 $125,000 $0 5.88%
    $75k-100k 1 $315,000 $315,000 $0 5.88%

    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

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 10 $2,470,000 $247,000 $0 6.19%
    Not applicable 1 $455,000 $455,000 $0 7.00%
    Chinese 1 $315,000 $315,000 $0 5.88%
    Other Asian 1 $265,000 $265,000 $0 5.25%

    Approval Rates

    Total approvals of all applications
    100.00%

    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 origination

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 13 $3,505,000 $269,615

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    13 $3,505,000 $269,615

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 1 $205,000 $205,000 $0 5.75%
    40-60% 4 $1,440,000 $360,000 $0 6.44%
    60-80% 3 $1,085,000 $361,667 $0 5.67%
    80-100% 2 $440,000 $220,000 $0 5.88%
    Under 20% 3 $335,000 $111,667 $0 6.58%