Schaumburg Bank & Trust Mortgage Rates, Fees & Info

Rosemont, IL

LEI: 2I8LP0RLR14D1X6W0P51

Tax ID: 36-4406134

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
  • 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

    Schaumburg Bank & Trust is a smaller bank specializing in Home Purchase and Refi loans. Schaumburg Bank & Trust has a high proportion of conventional loans. Their top markets by origination volume include: Chicago, Dallas, and Racine among others. We have data for 3 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 an above average pick rate when compared to similar 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

    23

    Origination Dollar Volume (All Markets)

    $18,265,000

    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) 21 $17,095,000 $814,048 $0 0.00%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 1 $755,000 $755,000 $0 0.00%
    RACINE, WI (FHA|USDA|VA) 1 $415,000 $415,000 $0 0.00%
    Schaumburg Bank & Trust's top markets include Chicago, Dallas, and Racine among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 23 $18,265,000 $794,130 $0 0.00%

    For 2023, Schaumburg Bank & Trust's most frequently originated type of loan was Conventional, with 23 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 12 $11,480,000 $956,667 $0 0.00%
    Refi 9 $6,015,000 $668,333 $0 0.00%
    Cash Out Refi 2 $770,000 $385,000 $0 0.00%

    For 2023, Schaumburg Bank & Trust's most frequently cited loan purpose was Home Purchase, with 12 originations. The 2nd most popular reason was Refi, with 9 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 23 $18,265,000 $794,130 $0 0.00%

    For 2023, Schaumburg Bank & Trust's most frequently cited loan duration was Other, with 23 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $400k-600k 7 $3,365,000 $480,714 $0 0.00%
    $200k-400k 6 $2,150,000 $358,333 $0 0.00%
    $600k-1MM 5 $3,725,000 $745,000 $0 0.00%
    $1MM+ 3 $8,765,000 $2,921,667 $0 0.00%
    $100k-200k 2 $260,000 $130,000 $0 0.00%

    2023 saw Schaumburg Bank & Trust place emphasis on $400k-600k loans with 7 originations, totaling $3,365,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 5 $3,225,000 $645,000 $0 0.00%
    $100k-150k 2 $790,000 $395,000 $0 0.00%
    $150k-250k 2 $940,000 $470,000 $0 0.00%
    $50k-75k 1 $145,000 $145,000 $0 0.00%

    Schaumburg Bank & Trust lent most frequently to those with incomes in the $250k+ range, with 5 originations. The second most popular income band? $100k-150k, with 2 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 23 $18,265,000 $794,130 $0 0.00%

    Schaumburg Bank & Trust lent most frequently to those with DTI ratios of Exempt%, with 23 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 10 $12,160,000 $1,216,000 $0 0.00%
    White 9 $4,675,000 $519,444 $0 0.00%
    Not provided 2 $810,000 $405,000 $0 0.00%
    Asian Indian 1 $475,000 $475,000 $0 0.00%
    Asian 1 $145,000 $145,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    91.67%

    Schaumburg Bank & Trust has an average approval rate.

    Pick Rate

    Approvals leading to origination
    91.30%

    Schaumburg Bank & Trust has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 23 $18,265,000 $794,130

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    23 $18,265,000 $794,130