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

Jump to:

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 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.

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

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.


    Originations

    171

    Origination Dollar Volume (All Markets)

    $16,205,000

    Awards

    Longview Bank & Trust 30 Year Conventional Loans gold Longview Bank & Trust 30 Year Conventional Loans gold Longview Bank & Trust 30 Year Conventional Loans gold
    Show all (3) awards

    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%
    Longview Bank & Trust's top markets include Danville, Terre Haute, Lafayette, Indianapolis, and Knoxville among others.

    Their top states include:
  • Illinois (FHA|USDA|VA)
  • Indiana (FHA|USDA|VA)
  • Tennessee (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Missouri (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.

    Longview Bank & Trust
    Similarity Rank: 39
    First Mid Bank & Trust
    Similarity Rank: 60
    Vibrant Credit Union
    Similarity Rank: 192
    First Farmers Bank and Trust Company
    Similarity Rank: 360
    Wolfe Financial, Inc
    Similarity Rank: 525
    Old National Bank
    Similarity Rank: 676
    First Financial Bank
    Similarity Rank: 931
    First Midwest Bank
    Similarity Rank: 984
    AMERIFIRST FINANCIAL CORPORATION
    Similarity Rank: 1206
    American Mortgage & Equity Consultants, Inc.
    Similarity Rank: 1380

    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

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 69 $6,545,000 $94,855 $1,247 4.47%
    Refi 50 $5,220,000 $104,400 $1,158 4.41%
    Home Purchase 44 $4,080,000 $92,727 $1,611 4.66%
    Home Improvement 5 $275,000 $55,000 $951 5.95%
    Other 3 $85,000 $28,333 $1,123 6.50%

    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

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 81 $10,285,000 $126,975 $1,398 4.15%
    15 Year 27 $2,125,000 $78,704 $1,083 3.84%
    20 Year 15 $1,675,000 $111,667 $1,233 4.23%
    10 Year 14 $540,000 $38,571 $906 5.75%
    3 Year 10 $560,000 $56,000 $0 5.88%
    5 Year 10 $440,000 $44,000 $1,997 6.08%
    Other 10 $410,000 $41,000 $1,243 5.63%
    1 Year 4 $170,000 $42,500 $1,467 5.88%

    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

    Loan Rate Originations Total Value Average Loan
    3-4% 66 $8,450,000 $128,030
    4-5% 51 $4,875,000 $95,588
    5-6% 31 $1,915,000 $61,774
    6-7% 19 $705,000 $37,105
    2.5-3% 3 $245,000 $81,667
    7-8% 1 $15,000 $15,000

    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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 109 $5,775,000 $52,982 $1,287 4.87%
    $100k-200k 46 $6,470,000 $140,652 $1,266 4.10%
    $200k-400k 16 $3,960,000 $247,500 $1,609 3.98%

    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

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 58 $4,760,000 $82,069 $1,268 4.60%
    $100k-150k 34 $4,340,000 $127,647 $1,304 4.63%
    $75k-100k 32 $3,180,000 $99,375 $1,219 4.48%
    $50k or less 30 $1,650,000 $55,000 $1,469 4.48%
    $150k-250k 8 $1,160,000 $145,000 $1,269 3.92%
    $250k+ 3 $585,000 $195,000 $1,865 4.54%

    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

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 55 $5,615,000 $102,091 $1,202 4.30%
    30-36% 35 $3,615,000 $103,286 $1,290 4.60%
    <20% 26 $1,720,000 $66,154 $1,399 4.29%
    38% 5 $845,000 $169,000 $1,742 4.45%
    37% 4 $400,000 $100,000 $1,205 5.25%
    39% 4 $270,000 $67,500 $1,253 4.81%
    47% 3 $205,000 $68,333 $2,151 4.33%
    40% 3 $415,000 $138,333 $1,219 3.54%
    36% 3 $135,000 $45,000 $1,090 5.29%
    49% 2 $470,000 $235,000 $2,056 3.81%
    41% 2 $300,000 $150,000 $998 4.38%
    43% 2 $210,000 $105,000 $1,216 3.56%
    44% 2 $300,000 $150,000 $1,343 4.56%
    46% 1 $255,000 $255,000 $1,102 4.88%
    45% 1 $55,000 $55,000 $1,383 3.25%
    48% 1 $45,000 $45,000 $1,512 4.75%
    42% 1 $85,000 $85,000 $1,741 5.00%

    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

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 168 $15,770,000 $93,869 $1,314 4.58%
    Black 2 $230,000 $115,000 $1,376 4.19%
    Not applicable 1 $205,000 $205,000 $0 5.75%

    Approval Rates

    Total approvals of all applications
    96.39%

    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 origination
    90.64%

    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

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 16 $430,000 $26,875 $1,164 5.51%
    40-60% 17 $1,305,000 $76,765 $1,324 4.32%
    60-80% 68 $7,270,000 $106,912 $1,303 4.40%
    80-100% 48 $5,960,000 $124,167 $1,431 4.10%
    Over 100% 1 $185,000 $185,000 $1,638 4.75%
    Under 20% 6 $80,000 $13,333 $679 5.88%

    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%