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 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 about average rates.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.27% | 4/28/24 |
| 30 Year Conventional Refi | 6.27% | 4/28/24 |
| 30 Year Cash-out Refi | 6.27% | 4/28/24 |
| 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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
23Origination Dollar Volume (All Markets)
$5,105,000Top 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 | $5,105,000 | $221,957 | $0 | 4.97% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 23 | $5,105,000 | $221,957 | $0 | 4.97% |
For 2022, North Side Federal Savings And Loan Association Of Chicago's most frequently originated type of loan was Conventional, with 23 originations.
Loan Reason
For 2022, North Side Federal Savings And Loan Association Of Chicago's most frequently cited loan purpose was Home Purchase, with 6 originations. The 2nd most popular reason was Home Improvement, with 6 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 12 | $2,260,000 | $188,333 | $0 | 5.11% |
| 30 Year | 11 | $2,845,000 | $258,636 | $0 | 4.82% |
For 2022, North Side Federal Savings And Loan Association Of Chicago's most frequently cited loan duration was Other, with 12 originations. The 2nd most popular length was 30 Year, with 11 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 4-5% | 8 | $1,310,000 | $163,750 |
| 3-4% | 5 | $1,095,000 | $219,000 |
| 6-7% | 5 | $1,715,000 | $343,000 |
| 5-6% | 4 | $860,000 | $215,000 |
| 7-8% | 1 | $125,000 | $125,000 |
During 2022, North Side Federal Savings And Loan Association Of Chicago's average interest rate for loans was 4.82%, while their most frequently originated rate bucket for loans was 4-5%, with 8 originations.
Loan Sizing
2022 saw North Side Federal Savings And Loan Association Of Chicago place emphasis on $200k-400k loans with 11 originations, totaling $3,335,000 in origination value.
Applicant Income
North Side Federal Savings And Loan Association Of Chicago lent most frequently to those with incomes in the $150k-250k range, with 6 originations. The second most popular income band? $100k-150k, with 4 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 23 | $5,105,000 | $221,957 | $0 | 4.97% |
North Side Federal Savings And Loan Association Of Chicago lent most frequently to those with DTI ratios of Exempt%, with 23 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 20 | $4,520,000 | $226,000 | $0 | 5.04% |
| Japanese | 2 | $440,000 | $220,000 | $0 | 4.69% |
| Filipino | 1 | $145,000 | $145,000 | $0 | 4.13% |
Approval Rates
Total approvals of all applications92.00%
North Side Federal Savings And Loan Association Of Chicago has an average approval rate.
Pick Rate
Approvals leading to originationPoints and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 23 | $5,105,000 | $221,957 |