Longview Bank & Trust Mortgage Rates, Fees & Info

Chrisman, IL

LEI: 549300110N83KRID7Q56

Tax ID: 37-0532670

Latest/2024 | 2023 Data | 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
  • Complaints
  • Similar Lenders
  • 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

    Longview Bank & Trust is a smaller bank specializing in Home Purchase and Refi loans. Longview Bank & Trust has a high proportion of conventional loans. Their top markets by origination volume include: Danville, Terre Haute, Indianapolis, and Charleston among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Longview Bank & Trust has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Longview Bank & Trust is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

    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.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

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    Originations

    64

    Origination Dollar Volume (All Markets)

    $4,450,000

    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
    Outside of Metro Areas 37 $2,645,000 $71,486 $2,408 5.35%
    DANVILLE, IL (FHA|USDA|VA) 21 $1,175,000 $55,952 $2,523 5.32%
    TERRE HAUTE, IN (FHA|USDA|VA) 3 $325,000 $108,333 $4,400 5.54%
    INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 2 $230,000 $115,000 $2,369 4.75%
    Charleston-Mattoon, IL (FHA|USDA|VA) 1 $75,000 $75,000 $961 5.50%
    Longview Bank & Trust's top markets include Danville, Terre Haute, Indianapolis, and Charleston among others.

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

    • Similar Lenders

    We use machine learning to identify the top lenders compared against Longview Bank & Trust based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    Terre Haute Savings Bank
    Similarity Rank: 18
    ISU Federal Credit Union
    Similarity Rank: 30
    Vibrant Credit Union
    Similarity Rank: 132
    Wolfe Financial, Inc
    Similarity Rank: 372
    First Farmers Bank and Trust Company
    Similarity Rank: 527
    GVC MORTGAGE, INC.
    Similarity Rank: 567
    First Financial Bank
    Similarity Rank: 720
    Old National Bank
    Similarity Rank: 1386
    AMERIFIRST FINANCIAL CORPORATION
    Similarity Rank: 1991
    Mortgage Research Center, LLC
    Similarity Rank: 4510

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 64 $4,450,000 $69,531 $2,449 5.33%

    For 2018, Longview Bank & Trust's most frequently originated type of loan was Conventional, with 64 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 36 $2,770,000 $76,944 $3,127 5.19%
    Refi 18 $1,390,000 $77,222 $1,909 5.35%
    Cash Out Refi 5 $215,000 $43,000 $949 5.60%
    Home Improvement 3 $35,000 $11,667 $897 5.75%
    Other 1 $25,000 $25,000 $1,470 6.25%
    NA 1 $15,000 $15,000 $1,056 6.25%

    For 2018, Longview Bank & Trust's most frequently cited loan purpose was Home Purchase, with 36 originations. The 2nd most popular reason was Refi, with 18 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 21 $1,505,000 $71,667 $2,254 5.33%
    5 Year 16 $800,000 $50,000 $1,754 5.50%
    30 Year 9 $1,195,000 $132,778 $4,061 4.97%
    3 Year 8 $360,000 $45,000 $2,667 5.34%
    1 Year 4 $310,000 $77,500 $1,932 5.44%
    15 Year 4 $160,000 $40,000 $2,952 5.31%
    10 Year 2 $120,000 $60,000 $0 5.25%

    For 2018, Longview Bank & Trust's most frequently cited loan duration was Other, with 21 originations. The 2nd most popular length was 5 Year, with 16 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 45 $3,745,000 $83,222

    Longview Bank & Trust's average total fees were $4,061, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 45 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 38 $2,440,000 $64,211
    4-5% 22 $1,930,000 $87,727
    6-7% 4 $80,000 $20,000

    During 2018, Longview Bank & Trust's average interest rate for loans was 4.97%, while their most frequently originated rate bucket for loans was 5-6%, with 38 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 49 $2,005,000 $40,918 $1,987 5.37%
    $100k-200k 12 $1,740,000 $145,000 $3,257 5.14%
    $200k-400k 3 $705,000 $235,000 $3,838 5.38%

    2018 saw Longview Bank & Trust place emphasis on $100,000 or less loans with 49 originations, totaling $2,005,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 17 $905,000 $53,235 $2,001 5.43%
    $50k or less 15 $755,000 $50,333 $2,428 5.34%
    $100k-150k 14 $1,310,000 $93,571 $3,043 5.39%
    $75k-100k 12 $910,000 $75,833 $2,189 5.12%
    $150k-250k 2 $180,000 $90,000 $2,337 6.00%
    $250k+ 1 $95,000 $95,000 $2,827 4.88%

    Longview Bank & Trust lent most frequently to those with incomes in the $50k-75k range, with 17 originations. The second most popular income band? $50k or less, with 15 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 24 $1,760,000 $73,333 $2,127 5.28%
    <20% 11 $505,000 $45,909 $3,489 5.38%
    30-36% 7 $465,000 $66,429 $1,817 5.11%
    36% 3 $265,000 $88,333 $2,556 5.58%
    50-60% 3 $55,000 $18,333 $0 5.53%
    46% 2 $340,000 $170,000 $3,318 5.13%
    47% 1 $25,000 $25,000 $1,470 6.25%
    48% 1 $65,000 $65,000 $0 5.15%
    >60% 1 $235,000 $235,000 $3,271 5.50%
    39% 1 $65,000 $65,000 $2,377 5.50%
    41% 1 $65,000 $65,000 $2,090 5.00%
    42% 1 $55,000 $55,000 $0 5.00%
    43% 1 $15,000 $15,000 $714 6.25%
    45% 1 $75,000 $75,000 $4,937 5.25%

    Longview Bank & Trust lent most frequently to those with DTI ratios of 20-30%, with 24 originations. The next most common DTI ratio? <20%, with 11 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 61 $4,265,000 $69,918 $2,449 5.35%
    Not applicable 2 $160,000 $80,000 $0 5.00%
    Asian 1 $25,000 $25,000 $0 4.85%

    Approval Rates

    Total approvals of all applications
    87.21%

    Longview Bank & Trust has an average approval rate.

    Pick Rate

    Approvals leading to origination
    82.81%

    Longview Bank & Trust has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 64 $4,450,000 $69,531

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 3 $195,000 $65,000
    Single Family (1-4 Units):Manufactured 3 $155,000 $51,667
    Single Family (1-4 Units):Site-Built 58 $4,100,000 $70,690

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 7 $195,000 $27,857 $676 5.26%
    40-60% 5 $195,000 $39,000 $1,266 5.60%
    60-80% 31 $2,605,000 $84,032 $3,347 5.18%
    80-100% 13 $1,205,000 $92,692 $2,429 5.34%
    Over 100% 1 $125,000 $125,000 $1,577 5.50%
    Under 20% 7 $125,000 $17,857 $824 5.81%

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    Longbridge Financial, LLC Reverse mortgage Trouble during payment process 1 100.0%