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, Kalamazoo, Key West, and Rochelle among others. We have data for 4 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
37Origination Dollar Volume (All Markets)
$20,435,000Top 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) | 34 | $18,430,000 | $542,059 | $0 | 0.00% |
| KALAMAZOO-PORTAGE, MI (FHA|USDA|VA) | 1 | $775,000 | $775,000 | $0 | 0.00% |
| Key West, FL (FHA|USDA|VA) | 1 | $775,000 | $775,000 | $0 | 0.00% |
| Rochelle, IL (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 37 | $20,435,000 | $552,297 | $0 | 0.00% |
For 2018, Schaumburg Bank & Trust's most frequently originated type of loan was Conventional, with 37 originations.
Loan Reason
For 2018, Schaumburg Bank & Trust's most frequently cited loan purpose was Home Purchase, with 24 originations. The 2nd most popular reason was Refi, with 8 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 37 | $20,435,000 | $552,297 | $0 | 0.00% |
For 2018, Schaumburg Bank & Trust's most frequently cited loan duration was Other, with 37 originations.
Loan Sizing
2018 saw Schaumburg Bank & Trust place emphasis on $100k-200k loans with 9 originations, totaling $1,365,000 in origination value.
Applicant Income
Schaumburg Bank & Trust lent most frequently to those with incomes in the $250k+ range, with 6 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% | 37 | $20,435,000 | $552,297 | $0 | 0.00% |
Schaumburg Bank & Trust lent most frequently to those with DTI ratios of Exempt%, with 37 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications93.48%
Schaumburg Bank & Trust has an average approval rate.
Pick Rate
Approvals leading to origination83.78%
Schaumburg Bank & Trust has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 37 | $20,435,000 | $552,297 |