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 and Refi loans. Schaumburg Bank & Trust has a high proportion of conventional loans. Their top markets by origination volume include: Chicago, Champaign, Niles, Whitewater, and Rockford among others. We have data for 6 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
45Origination Dollar Volume (All Markets)
$32,225,000Top 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) | 40 | $24,940,000 | $623,500 | $0 | 0.00% |
| CHAMPAIGN-URBANA, IL (FHA|USDA|VA) | 1 | $5,005,000 | $5,005,000 | $0 | 0.00% |
| NILES, MI (FHA|USDA|VA) | 1 | $1,325,000 | $1,325,000 | $0 | 0.00% |
| Whitewater, WI (FHA|USDA|VA) | 1 | $485,000 | $485,000 | $0 | 0.00% |
| ROCKFORD, IL (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $0 | 0.00% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 45 | $32,225,000 | $716,111 | $0 | 0.00% |
For 2019, Schaumburg Bank & Trust's most frequently originated type of loan was Conventional, with 45 originations.
Loan Reason
For 2019, Schaumburg Bank & Trust's most frequently cited loan purpose was Home Purchase, with 21 originations. The 2nd most popular reason was Refi, with 15 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 45 | $32,225,000 | $716,111 | $0 | 0.00% |
For 2019, Schaumburg Bank & Trust's most frequently cited loan duration was Other, with 45 originations.
Loan Sizing
2019 saw Schaumburg Bank & Trust place emphasis on $200k-400k loans with 16 originations, totaling $4,160,000 in origination value.
Applicant Income
Schaumburg Bank & Trust lent most frequently to those with incomes in the $100k-150k range, with 6 originations. The second most popular income band? $50k-75k, with 5 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 45 | $32,225,000 | $716,111 | $0 | 0.00% |
Schaumburg Bank & Trust lent most frequently to those with DTI ratios of Exempt%, with 45 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications94.83%
Schaumburg Bank & Trust has an average approval rate.
Pick Rate
Approvals leading to origination82.22%
Schaumburg Bank & Trust has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 45 | $32,225,000 | $716,111 |