Itasca Bank & Trust Co. Mortgage Rates, Fees & Info
Itasca, ILLEI: 254900UISKR0QR32CI62
Tax ID: 36-2104540
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Mortgage Data
Review & Overview
Itasca Bank & Trust Co. is a smaller bank specializing in Home Purchase and Refi loans. Itasca Bank & Trust Co. has a high proportion of conventional loans. Their top two markets are Chicago and Naples .Itasca Bank & Trust Co. 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
48Origination Dollar Volume (All Markets)
$17,400,000Top Markets
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| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 47 | $14,095,000 | $299,894 | $0 | 0.00% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 1 | $3,305,000 | $3,305,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 48 | $17,400,000 | $362,500 | $0 | 0.00% |
For 2019, Itasca Bank & Trust Co.'s most frequently originated type of loan was Conventional, with 48 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 25 | $13,185,000 | $527,400 | $0 | 0.00% |
| Refi | 22 | $4,060,000 | $184,545 | $0 | 0.00% |
| Home Improvement | 1 | $155,000 | $155,000 | $0 | 0.00% |
For 2019, Itasca Bank & Trust Co.'s most frequently cited loan purpose was Home Purchase, with 25 originations. The 2nd most popular reason was Refi, with 22 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 48 | $17,400,000 | $362,500 | $0 | 0.00% |
For 2019, Itasca Bank & Trust Co.'s most frequently cited loan duration was Other, with 48 originations.
Loan Sizing
2019 saw Itasca Bank & Trust Co. place emphasis on $100k-200k loans with 18 originations, totaling $2,600,000 in origination value.
Applicant Income
Itasca Bank & Trust Co. lent most frequently to those with incomes in the $150k-250k range, with 7 originations. The second most popular income band? $250k+, with 7 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 48 | $17,400,000 | $362,500 | $0 | 0.00% |
Itasca Bank & Trust Co. lent most frequently to those with DTI ratios of Exempt%, with 48 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications89.06%
Itasca Bank & Trust Co. has an average approval rate.
Pick Rate
Approvals leading to origination81.25%
Itasca Bank & Trust Co. has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 48 | $17,400,000 | $362,500 |