Resource Bank N.a. Mortgage Rates, Fees & Info
DeKalb, ILLEI: 254900ZOIZTP7ZF6AH17
Tax ID: 36-1077820
Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Resource Bank N.a. is a smaller bank specializing in Home Purchase loans. Resource Bank N.a. has a high proportion of conventional loans. Their top markets by origination volume include: Chicago, Ottawa, Rockford, Whitewater, and Rochelle among others. We have data for 10 markets. (Some data included below & more in-depth data is available with an active subscription.)Resource Bank N.a. has an average approval rate when compared to the average across all lenders.
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Originations
111Origination Dollar Volume (All Markets)
$24,295,000Top 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) | 74 | $18,350,000 | $247,973 | $0 | 0.00% |
| Ottawa, IL (FHA|USDA|VA) | 17 | $1,475,000 | $86,765 | $0 | 0.00% |
| ROCKFORD, IL (FHA|USDA|VA) | 5 | $1,065,000 | $213,000 | $0 | 0.00% |
| Whitewater, WI (FHA|USDA|VA) | 3 | $1,055,000 | $351,667 | $0 | 0.00% |
| Rochelle, IL (FHA|USDA|VA) | 4 | $690,000 | $172,500 | $0 | 0.00% |
| Dixon, IL (FHA|USDA|VA) | 3 | $575,000 | $191,667 | $0 | 0.00% |
| Outside of Metro Areas | 2 | $530,000 | $265,000 | $0 | 0.00% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $0 | 0.00% |
| CLARKSVILLE, TN-KY (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $0 | 0.00% |
| PEORIA, IL (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 111 | $24,295,000 | $218,874 | $0 | 0.00% |
For 2024, Resource Bank N.a.'s most frequently originated type of loan was Conventional, with 111 originations.
Loan Reason
For 2024, Resource Bank N.a.'s most frequently cited loan purpose was Home Purchase, with 77 originations. The 2nd most popular reason was Cash Out Refi, with 21 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 111 | $24,295,000 | $218,874 | $0 | 0.00% |
For 2024, Resource Bank N.a.'s most frequently cited loan duration was Other, with 111 originations.
Loan Sizing
2024 saw Resource Bank N.a. place emphasis on $200k-400k loans with 36 originations, totaling $9,800,000 in origination value.
Applicant Income
Resource Bank N.a. lent most frequently to those with incomes in the $150k-250k range, with 26 originations. The second most popular income band? $100k-150k, with 22 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 111 | $24,295,000 | $218,874 | $0 | 0.00% |
Resource Bank N.a. lent most frequently to those with DTI ratios of Exempt%, with 111 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications89.52%
Resource Bank N.a. has an average approval rate.
Pick Rate
Approvals leading to originationPoints and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 111 | $24,295,000 | $218,874 |