Resource Bank N.a. Mortgage Rates, Fees & Info
DeKalb, ILLEI: 254900ZOIZTP7ZF6AH17
Tax ID: 36-1077820
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage Data
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, Rockford, Peoria, Ottawa, and Whitewater among others. We have data for 21 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.
Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.
Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.
Originations
190Origination Dollar Volume (All Markets)
$53,810,000Top 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) | 138 | $33,320,000 | $241,449 | $0 | 0.00% |
| ROCKFORD, IL (FHA|USDA|VA) | 9 | $9,635,000 | $1,070,556 | $0 | 0.00% |
| PEORIA, IL (FHA|USDA|VA) | 1 | $3,285,000 | $3,285,000 | $0 | 0.00% |
| Ottawa, IL (FHA|USDA|VA) | 19 | $2,715,000 | $142,895 | $0 | 0.00% |
| Whitewater, WI (FHA|USDA|VA) | 1 | $1,375,000 | $1,375,000 | $0 | 0.00% |
| Baraboo, WI (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $0 | 0.00% |
| Dixon, IL (FHA|USDA|VA) | 3 | $385,000 | $128,333 | $0 | 0.00% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $0 | 0.00% |
| CLEVELAND, TN (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $0 | 0.00% |
| Rochelle, IL (FHA|USDA|VA) | 4 | $290,000 | $72,500 | $0 | 0.00% |
| MUNCIE, IN (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $0 | 0.00% |
| Sterling, IL (FHA|USDA|VA) | 2 | $210,000 | $105,000 | $0 | 0.00% |
| Outside of Metro Areas | 1 | $205,000 | $205,000 | $0 | 0.00% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 0.00% |
| Clinton, IA (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 0.00% |
| GREEN BAY, WI (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 0.00% |
| Beaver Dam, WI (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 0.00% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 0.00% |
| DUBUQUE, IA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 0.00% |
| DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 0.00% |
| MICHIGAN CITY-LA PORTE, IN (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 190 | $53,810,000 | $283,211 | $0 | 0.00% |
For 2021, Resource Bank N.a.'s most frequently originated type of loan was Conventional, with 190 originations.
Loan Reason
For 2021, Resource Bank N.a.'s most frequently cited loan purpose was Home Purchase, with 95 originations. The 2nd most popular reason was Refi, with 93 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 190 | $53,810,000 | $283,211 | $0 | 0.00% |
For 2021, Resource Bank N.a.'s most frequently cited loan duration was Other, with 190 originations.
Loan Sizing
2021 saw Resource Bank N.a. place emphasis on $100k-200k loans with 76 originations, totaling $10,660,000 in origination value.
Applicant Income
Resource Bank N.a. lent most frequently to those with incomes in the $100k-150k range, with 33 originations. The second most popular income band? $75k-100k, with 33 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 190 | $53,810,000 | $283,211 | $0 | 0.00% |
Resource Bank N.a. lent most frequently to those with DTI ratios of Exempt%, with 190 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications96.94%
Resource Bank N.a. has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to originationPoints and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 190 | $53,810,000 | $283,211 |
Complaints
| Bank Name | Product | Issue | 2021 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| RESOURCE PRO | VA mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 100.0% |