Pike Bancorp Mortgage Rates, Fees & Info
Pittsfield, ILLEI: 254900SRBPINTG8V7N66
Tax ID: 37-0270120
Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Pike Bancorp is a smaller mortgage company specializing in Home Purchase and Refi loans. Pike Bancorp has a high proportion of conventional loans. Their top two markets are St. Louis and Springfield .Pike Bancorp has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders.
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Originations
40Origination Dollar Volume (All Markets)
$18,690,000Top 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 |
|---|---|---|---|---|---|
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 8 | $14,800,000 | $1,850,000 | $0 | 0.00% |
| Outside of Metro Areas | 31 | $3,765,000 | $121,452 | $0 | 0.00% |
| SPRINGFIELD, IL (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 40 | $18,690,000 | $467,250 | $0 | 0.00% |
For 2024, Pike Bancorp's most frequently originated type of loan was Conventional, with 40 originations.
Loan Reason
For 2024, Pike Bancorp's most frequently cited loan purpose was Home Purchase, with 19 originations. The 2nd most popular reason was Refi, with 12 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 40 | $18,690,000 | $467,250 | $0 | 0.00% |
For 2024, Pike Bancorp's most frequently cited loan duration was Other, with 40 originations.
Loan Sizing
2024 saw Pike Bancorp place emphasis on $100,000 or less loans with 18 originations, totaling $850,000 in origination value.
Applicant Income
Pike Bancorp lent most frequently to those with incomes in the $75k-100k range, with 7 originations. The second most popular income band? $150k-250k, with 6 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 40 | $18,690,000 | $467,250 | $0 | 0.00% |
Pike Bancorp lent most frequently to those with DTI ratios of Exempt%, with 40 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications98.39%
Pike Bancorp has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination95.00%
Pike Bancorp has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 40 | $18,690,000 | $467,250 |