Pike Bancorp Mortgage Rates, Fees & Info
Pittsfield, ILLEI: 254900SRBPINTG8V7N66
Tax ID: 37-0270120
Latest/2023 | 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 Refi and Cash Out Refi loans. Pike Bancorp has a high proportion of conventional loans. Their top markets by origination volume include: Chicago, St. Louis, and Springfield among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)Pike Bancorp 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.
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Originations
49Origination Dollar Volume (All Markets)
$31,975,000Top 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) | 1 | $18,005,000 | $18,005,000 | $0 | 0.00% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 15 | $10,435,000 | $695,667 | $0 | 0.00% |
| Outside of Metro Areas | 32 | $3,470,000 | $108,438 | $0 | 0.00% |
| SPRINGFIELD, IL (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 49 | $31,975,000 | $652,551 | $0 | 0.00% |
For 2023, Pike Bancorp's most frequently originated type of loan was Conventional, with 49 originations.
Loan Reason
For 2023, Pike Bancorp's most frequently cited loan purpose was Home Purchase, with 25 originations. The 2nd most popular reason was Refi, with 14 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 49 | $31,975,000 | $652,551 | $0 | 0.00% |
For 2023, Pike Bancorp's most frequently cited loan duration was Other, with 49 originations.
Loan Sizing
2023 saw Pike Bancorp place emphasis on $100,000 or less loans with 28 originations, totaling $1,520,000 in origination value.
Applicant Income
Pike Bancorp lent most frequently to those with incomes in the $100k-150k range, with 12 originations. The second most popular income band? $50k-75k, with 11 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 49 | $31,975,000 | $652,551 | $0 | 0.00% |
Pike Bancorp lent most frequently to those with DTI ratios of Exempt%, with 49 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications86.05%
Pike Bancorp has an average approval rate.
Pick Rate
Approvals leading to origination87.76%
Pike Bancorp has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 49 | $31,975,000 | $652,551 |