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, Los Angeles, Phoenix, Madison, and San Diego among others. We have data for 24 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
80Origination Dollar Volume (All Markets)
$47,050,000Top 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) | 36 | $22,540,000 | $626,111 | $0 | 0.00% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 5 | $3,385,000 | $677,000 | $0 | 0.00% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 5 | $2,825,000 | $565,000 | $0 | 0.00% |
| MADISON, WI (FHA|USDA|VA) | 4 | $2,520,000 | $630,000 | $0 | 0.00% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 2 | $1,800,000 | $900,000 | $0 | 0.00% |
| Kalispell, MT (FHA|USDA|VA) | 3 | $1,775,000 | $591,667 | $0 | 0.00% |
| Outside of Metro Areas | 3 | $1,475,000 | $491,667 | $0 | 0.00% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 1 | $1,465,000 | $1,465,000 | $0 | 0.00% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 1 | $1,365,000 | $1,365,000 | $0 | 0.00% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 1 | $995,000 | $995,000 | $0 | 0.00% |
| DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) | 4 | $750,000 | $187,500 | $0 | 0.00% |
| OSHKOSH-NEENAH, WI (FHA|USDA|VA) | 2 | $720,000 | $360,000 | $0 | 0.00% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 1 | $715,000 | $715,000 | $0 | 0.00% |
| EAU CLAIRE, WI (FHA|USDA|VA) | 1 | $675,000 | $675,000 | $0 | 0.00% |
| NILES, MI (FHA|USDA|VA) | 1 | $635,000 | $635,000 | $0 | 0.00% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 1 | $635,000 | $635,000 | $0 | 0.00% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 1 | $545,000 | $545,000 | $0 | 0.00% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 1 | $485,000 | $485,000 | $0 | 0.00% |
| GREEN BAY, WI (FHA|USDA|VA) | 2 | $480,000 | $240,000 | $0 | 0.00% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $0 | 0.00% |
| THE VILLAGES, FL (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $0 | 0.00% |
| Keene, NH (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $0 | 0.00% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $0 | 0.00% |
| Stevens Point, WI (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 80 | $47,050,000 | $588,125 | $0 | 0.00% |
For 2022, Schaumburg Bank & Trust's most frequently originated type of loan was Conventional, with 80 originations.
Loan Reason
For 2022, Schaumburg Bank & Trust's most frequently cited loan purpose was Home Purchase, with 51 originations. The 2nd most popular reason was Refi, with 16 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 80 | $47,050,000 | $588,125 | $0 | 0.00% |
For 2022, Schaumburg Bank & Trust's most frequently cited loan duration was Other, with 80 originations.
Loan Sizing
2022 saw Schaumburg Bank & Trust place emphasis on $200k-400k loans with 23 originations, totaling $7,015,000 in origination value.
Applicant Income
Schaumburg Bank & Trust lent most frequently to those with incomes in the $250k+ range, with 25 originations. The second most popular income band? $150k-250k, with 12 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 80 | $47,050,000 | $588,125 | $0 | 0.00% |
Schaumburg Bank & Trust lent most frequently to those with DTI ratios of Exempt%, with 80 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications97.98%
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 origination87.50%
Schaumburg Bank & Trust has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 80 | $47,050,000 | $588,125 |