Longview Bank & Trust Mortgage Rates, Fees & Info
Chrisman, ILLEI: 549300110N83KRID7Q56
Tax ID: 37-0532670
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Mortgage Data
Review & Overview
Longview Bank & Trust is a smaller bank specializing in Cash Out Refi, Refi, and Home Purchase loans. Longview Bank & Trust has a high proportion of conventional loans. Their top markets by origination volume include: Danville, Terre Haute, Lafayette, Indianapolis, and Knoxville among others. We have data for 13 markets. (Some data included below & more in-depth data is available with an active subscription.)Longview Bank & Trust has an above average approval rate when compared to the average across all lenders. They have an above 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.18% | 12/16/24 |
| 30 Year Conventional Refi | 6.16% | 12/16/24 |
| 30 Year USDA Purchase | 7.10% | 12/16/24 |
| 15 Year Conventional Purchase | 6.41% | 12/16/24 |
| 15 Year Conventional Refi | 6.42% | 12/16/24 |
| 15 Year Cash-out Refi | 6.42% | 12/16/24 |
| These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates. | ||
Longview Bank & Trust Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
171Origination Dollar Volume (All Markets)
$16,205,000Awards
Longview Bank & Trust - 2019
Longview Bank & Trust is a 2019 , due to their low .
For 2019, less than of lenders were eligible for this award.
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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 | 106 | $10,490,000 | $98,962 | $1,259 | 4.58% |
| DANVILLE, IL (FHA|USDA|VA) | 45 | $2,915,000 | $64,778 | $1,305 | 4.73% |
| TERRE HAUTE, IN (FHA|USDA|VA) | 4 | $470,000 | $117,500 | $1,025 | 4.91% |
| LAFAYETTE-WEST LAFAYETTE, IN (FHA|USDA|VA) | 3 | $455,000 | $151,667 | $1,768 | 4.21% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 2 | $390,000 | $195,000 | $1,417 | 3.94% |
| KNOXVILLE, TN (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $2,285 | 3.88% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 3 | $285,000 | $95,000 | $1,546 | 3.75% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $3,164 | 3.63% |
| Pontiac, IL (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $2,118 | 3.50% |
| SPRINGFIELD, IL (FHA|USDA|VA) | 2 | $240,000 | $120,000 | $1,392 | 3.25% |
| Charleston-Mattoon, IL (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 6.00% |
| Vincennes, IN (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $1,512 | 4.75% |
| Taylorville, IL (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $1,138 | 4.38% |
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.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 167 | $16,055,000 | $96,138 | $1,315 | 4.53% |
| HELOC | 4 | $150,000 | $37,500 | n/a | 6.44% |
For 2019, Longview Bank & Trust's most frequently originated type of loan was Conventional, with 167 originations. Their 2nd most popular type was HELOC, with 4 originations.
Loan Reason
For 2019, Longview Bank & Trust's most frequently cited loan purpose was Cash Out Refi, with 69 originations. The 2nd most popular reason was Refi, with 50 originations.
Loan Duration/Length
For 2019, Longview Bank & Trust's most frequently cited loan duration was 30 Year, with 81 originations. The 2nd most popular length was 15 Year, with 27 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 143 | $14,735,000 | $103,042 |
Longview Bank & Trust's average total fees were $1,398, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 143 originations.
Interest Rates
During 2019, Longview Bank & Trust's average interest rate for loans was 4.15%, while their most frequently originated rate bucket for loans was 3-4%, with 66 originations.
Loan Sizing
2019 saw Longview Bank & Trust place emphasis on $100,000 or less loans with 109 originations, totaling $5,775,000 in origination value.
Applicant Income
Longview Bank & Trust lent most frequently to those with incomes in the $50k-75k range, with 58 originations. The second most popular income band? $100k-150k, with 34 originations.
Applicant Debt to Income Ratio
Longview Bank & Trust lent most frequently to those with DTI ratios of 20-30%, with 55 originations. The next most common DTI ratio? 30-36%, with 35 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications96.39%
Longview 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 origination90.64%
Longview Bank & Trust has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 171 | $16,205,000 | $94,766 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 5 | $335,000 | $67,000 |
| Single Family (1-4 Units):Site-Built | 166 | $15,870,000 | $95,602 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2019 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| Longbridge Financial, LLC | Reverse mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 33.3% |
| Longbridge Financial, LLC | Reverse mortgage | Trouble during payment process | 2 | 66.7% |