Schaumburg Bank & Trust Mortgage Rates, Fees & Info
Rosemont, ILLEI: 2I8LP0RLR14D1X6W0P51
Tax ID: 36-4406134
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Mortgage Data
Review & Overview
Schaumburg Bank & Trust is a smaller bank specializing in Home Purchase loans. Schaumburg Bank & Trust has a high proportion of conventional loans. Their top markets by origination volume include: Chicago, San Francisco, San Jose, Riverside, and Minneapolis among others. We have data for 26 markets. (Some data included below & more in-depth data is available with an active subscription.)Schaumburg Bank & Trust has an above 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
52Origination Dollar Volume (All Markets)
$41,550,000Top 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) | 20 | $13,920,000 | $696,000 | $0 | 0.00% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 5 | $7,935,000 | $1,587,000 | $0 | 0.00% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 1 | $1,875,000 | $1,875,000 | $0 | 0.00% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 2 | $1,620,000 | $810,000 | $0 | 0.00% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 1 | $1,145,000 | $1,145,000 | $0 | 0.00% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 1 | $1,005,000 | $1,005,000 | $0 | 0.00% |
| SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) | 1 | $995,000 | $995,000 | $0 | 0.00% |
| DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) | 2 | $990,000 | $495,000 | $0 | 0.00% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 1 | $945,000 | $945,000 | $0 | 0.00% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 1 | $945,000 | $945,000 | $0 | 0.00% |
| SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 1 | $925,000 | $925,000 | $0 | 0.00% |
| STOCKTON, CA (FHA|USDA|VA) | 1 | $865,000 | $865,000 | $0 | 0.00% |
| CARBONDALE-MARION, IL (FHA|USDA|VA) | 1 | $845,000 | $845,000 | $0 | 0.00% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 1 | $845,000 | $845,000 | $0 | 0.00% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 1 | $835,000 | $835,000 | $0 | 0.00% |
| Bozeman, MT (FHA|USDA|VA) | 1 | $775,000 | $775,000 | $0 | 0.00% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 1 | $765,000 | $765,000 | $0 | 0.00% |
| Outside of Metro Areas | 2 | $740,000 | $370,000 | $0 | 0.00% |
| Rockingham, NC (FHA|USDA|VA) | 1 | $695,000 | $695,000 | $0 | 0.00% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 1 | $575,000 | $575,000 | $0 | 0.00% |
| GREEN BAY, WI (FHA|USDA|VA) | 1 | $485,000 | $485,000 | $0 | 0.00% |
| Palatka, FL (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $0 | 0.00% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $0 | 0.00% |
| VISALIA, CA (FHA|USDA|VA) | 1 | $435,000 | $435,000 | $0 | 0.00% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $0 | 0.00% |
| GRAND FORKS, ND-MN (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 52 | $41,550,000 | $799,038 | $0 | 0.00% |
For 2024, Schaumburg Bank & Trust's most frequently originated type of loan was Conventional, with 52 originations.
Loan Reason
For 2024, Schaumburg Bank & Trust's most frequently cited loan purpose was Home Purchase, with 42 originations. The 2nd most popular reason was Refi, with 6 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 52 | $41,550,000 | $799,038 | $0 | 0.00% |
For 2024, Schaumburg Bank & Trust's most frequently cited loan duration was Other, with 52 originations.
Loan Sizing
2024 saw Schaumburg Bank & Trust place emphasis on $600k-1MM loans with 17 originations, totaling $14,015,000 in origination value.
Applicant Income
Schaumburg Bank & Trust lent most frequently to those with incomes in the $250k+ range, with 28 originations. The second most popular income band? $100k-150k, with 4 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 52 | $41,550,000 | $799,038 | $0 | 0.00% |
Schaumburg Bank & Trust lent most frequently to those with DTI ratios of Exempt%, with 52 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications98.55%
Schaumburg Bank & Trust has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination78.85%
Schaumburg Bank & Trust has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 52 | $41,550,000 | $799,038 |