Resource Bank N.a. Mortgage Rates, Fees & Info

DeKalb, IL

LEI: 254900ZOIZTP7ZF6AH17

Tax ID: 36-1077820

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Resource Bank N.a. is a smaller bank specializing in Home Purchase and Refi loans. Resource Bank N.a. has a high proportion of conventional loans. Their top markets by origination volume include: Chicago, Whitewater, Ottawa, Rochelle, and Sandpoint among others. We have data for 7 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Resource Bank N.a. has an above average approval rate when compared to the average across all lenders.

    We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

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    Originations

    96

    Origination Dollar Volume (All Markets)

    $17,520,000

    Top 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) 76 $11,750,000 $154,605 $0 0.00%
    Whitewater, WI (FHA|USDA|VA) 2 $3,280,000 $1,640,000 $0 0.00%
    Ottawa, IL (FHA|USDA|VA) 13 $1,815,000 $139,615 $0 0.00%
    Rochelle, IL (FHA|USDA|VA) 2 $310,000 $155,000 $0 0.00%
    Sandpoint, ID (FHA|USDA|VA) 1 $175,000 $175,000 $0 0.00%
    ROCKFORD, IL (FHA|USDA|VA) 1 $95,000 $95,000 $0 0.00%
    Outside of Metro Areas 1 $95,000 $95,000 $0 0.00%
    Resource Bank N.a.'s top markets include Chicago, Whitewater, Ottawa, Rochelle, and Sandpoint among others.

    Their top states include:
  • Illinois (FHA|USDA|VA)
  • Wisconsin (FHA|USDA|VA)
  • Idaho (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 96 $17,520,000 $182,500 $0 0.00%

    For 2018, Resource Bank N.a.'s most frequently originated type of loan was Conventional, with 96 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 54 $11,710,000 $216,852 $0 0.00%
    Refi 41 $5,795,000 $141,341 $0 0.00%
    Other 1 $15,000 $15,000 $0 0.00%

    For 2018, Resource Bank N.a.'s most frequently cited loan purpose was Home Purchase, with 54 originations. The 2nd most popular reason was Refi, with 41 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 96 $17,520,000 $182,500 $0 0.00%

    For 2018, Resource Bank N.a.'s most frequently cited loan duration was Other, with 96 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 38 $1,980,000 $52,105 $0 0.00%
    $100k-200k 31 $4,395,000 $141,774 $0 0.00%
    $200k-400k 20 $5,370,000 $268,500 $0 0.00%
    $400k-600k 5 $2,495,000 $499,000 $0 0.00%
    $1MM+ 1 $2,605,000 $2,605,000 $0 0.00%
    $600k-1MM 1 $675,000 $675,000 $0 0.00%

    2018 saw Resource Bank N.a. place emphasis on $100,000 or less loans with 38 originations, totaling $1,980,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 18 $4,600,000 $255,556 $0 0.00%
    $50k-75k 16 $1,690,000 $105,625 $0 0.00%
    $75k-100k 15 $1,965,000 $131,000 $0 0.00%
    $100k-150k 14 $2,200,000 $157,143 $0 0.00%
    $50k or less 14 $1,060,000 $75,714 $0 0.00%
    $250k+ 5 $4,025,000 $805,000 $0 0.00%

    Resource Bank N.a. lent most frequently to those with incomes in the $150k-250k range, with 18 originations. The second most popular income band? $50k-75k, with 16 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 96 $17,520,000 $182,500 $0 0.00%

    Resource Bank N.a. lent most frequently to those with DTI ratios of Exempt%, with 96 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 79 $15,015,000 $190,063 $0 0.00%
    Not applicable 13 $1,935,000 $148,846 $0 0.00%
    Other Asian 1 $285,000 $285,000 $0 0.00%
    Asian 1 $205,000 $205,000 $0 0.00%
    Black 2 $80,000 $40,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    93.20%

    Resource Bank N.a. has an average approval rate.

    Pick Rate

    Approvals leading to origination

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 96 $17,520,000 $182,500

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 1 $185,000 $185,000
    Single Family (1-4 Units):Manufactured 12 $400,000 $33,333
    Single Family (1-4 Units):Site-Built 83 $16,935,000 $204,036

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    Resource Marketing Corp. LLC Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 100.0%