Schaumburg Bank & Trust Mortgage Rates, Fees & Info

Rosemont, IL

LEI: 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

45

Origination Dollar Volume (All Markets)

$32,225,000

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) 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%
Schaumburg Bank & Trust's top markets include Chicago, Champaign, Niles, Whitewater, and Rockford among others.

Their top states include:
  • Illinois (FHA|USDA|VA)
  • Michigan (FHA|USDA|VA)
  • Indiana (FHA|USDA|VA)
  • Wisconsin (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • 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

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 21 $8,865,000 $422,143 $0 0.00%
    Refi 15 $21,345,000 $1,423,000 $0 0.00%
    Cash Out Refi 5 $1,235,000 $247,000 $0 0.00%
    Other 3 $575,000 $191,667 $0 0.00%
    Home Improvement 1 $205,000 $205,000 $0 0.00%

    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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 16 $4,160,000 $260,000 $0 0.00%
    $400k-600k 8 $3,670,000 $458,750 $0 0.00%
    $100k-200k 7 $1,115,000 $159,286 $0 0.00%
    $1MM+ 6 $19,260,000 $3,210,000 $0 0.00%
    $600k-1MM 5 $3,905,000 $781,000 $0 0.00%
    $100,000 or less 3 $115,000 $38,333 $0 0.00%

    2019 saw Schaumburg Bank & Trust place emphasis on $200k-400k loans with 16 originations, totaling $4,160,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 6 $1,130,000 $188,333 $0 0.00%
    $50k-75k 5 $1,045,000 $209,000 $0 0.00%
    $75k-100k 4 $860,000 $215,000 $0 0.00%
    $150k-250k 3 $1,055,000 $351,667 $0 0.00%
    $50k or less 2 $510,000 $255,000 $0 0.00%
    $250k+ 1 $485,000 $485,000 $0 0.00%

    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

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 22 $26,820,000 $1,219,091 $0 0.00%
    White 17 $4,405,000 $259,118 $0 0.00%
    Asian 3 $545,000 $181,667 $0 0.00%
    Not provided 3 $455,000 $151,667 $0 0.00%

    Approval Rates

    Total approvals of all applications
    94.83%

    Schaumburg Bank & Trust has an average approval rate.

    Pick Rate

    Approvals leading to origination
    82.22%

    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

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 19 $24,735,000 $1,301,842
    Single Family (1-4 Units):Site-Built 26 $7,490,000 $288,077