Longview Bank & Trust Mortgage Rates, Fees & Info
Chrisman, ILLEI: 549300110N83KRID7Q56
Tax ID: 37-0532670
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage Data
Review & Overview
Longview Bank & Trust is a smaller bank specializing in Refi and Home Purchase loans. Longview Bank & Trust has a high proportion of conventional loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Danville, Terre Haute, Lafayette, Champaign, and Charleston among others. We have data for 12 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.
SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.18% | 11/17/24 |
| 30 Year Conventional Refi | 6.16% | 11/17/24 |
| 30 Year USDA Purchase | 7.10% | 11/17/24 |
| 15 Year Conventional Purchase | 6.41% | 11/17/24 |
| 15 Year Conventional Refi | 6.42% | 11/17/24 |
| 15 Year Cash-out Refi | 6.42% | 11/17/24 |
| 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
Your Estimates
Estimated Loan Payment: Update the calculator values and click calculate payment!
This is not an official calculator from Longview Bank & Trust. It uses our SimulatedRate™
technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.
The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
315Origination Dollar Volume (All Markets)
$36,945,000Awards
Longview Bank & Trust - 2021
Longview Bank & Trust is a 2021 , due to their low .
For 2021, less than of lenders were eligible for this award.
Work for Longview Bank & Trust?
Use this award on your own site. Either save and use the images below, or pass the provided image embed code to your development team.
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 | 203 | $21,925,000 | $108,005 | $4,027 | 3.34% |
| DANVILLE, IL (FHA|USDA|VA) | 72 | $7,270,000 | $100,972 | $3,943 | 3.25% |
| TERRE HAUTE, IN (FHA|USDA|VA) | 21 | $4,445,000 | $211,667 | $3,589 | 3.63% |
| LAFAYETTE-WEST LAFAYETTE, IN (FHA|USDA|VA) | 4 | $920,000 | $230,000 | $4,776 | 3.00% |
| CHAMPAIGN-URBANA, IL (FHA|USDA|VA) | 5 | $795,000 | $159,000 | $3,015 | 3.13% |
| Charleston-Mattoon, IL (FHA|USDA|VA) | 4 | $410,000 | $102,500 | $3,129 | 3.03% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $8,299 | 2.63% |
| BLOOMINGTON, IL (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $8,894 | 2.88% |
| SPRINGFIELD, IL (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $2,960 | 2.13% |
| BLOOMINGTON, IN (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $4,329 | 2.75% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $3,563 | 2.50% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $1,770 | 4.25% |
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.
Similarity Rank: 48
Similarity Rank: 72
Similarity Rank: 304
Similarity Rank: 306
Similarity Rank: 360
Similarity Rank: 1144
Similarity Rank: 2272
Similarity Rank: 2772
Similarity Rank: 3132
Similarity Rank: 3795
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 302 | $35,820,000 | $118,609 | $3,947 | 3.29% |
| USDA | 11 | $975,000 | $88,636 | $4,890 | 3.67% |
| HELOC | 2 | $150,000 | $75,000 | n/a | 4.63% |
For 2021, Longview Bank & Trust's most frequently originated type of loan was Conventional, with 302 originations. Their 2nd most popular type was USDA, with 11 originations.
Loan Reason
For 2021, Longview Bank & Trust's most frequently cited loan purpose was Refi, with 159 originations. The 2nd most popular reason was Home Purchase, with 136 originations.
Loan Duration/Length
For 2021, Longview Bank & Trust's most frequently cited loan duration was 30 Year, with 175 originations. The 2nd most popular length was 15 Year, with 64 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 292 | $34,750,000 | $119,007 |
Longview Bank & Trust's average total fees were $4,315, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 292 originations.
Interest Rates
During 2021, Longview Bank & Trust's average interest rate for loans was 3.26%, while their most frequently originated rate bucket for loans was 3-4%, with 104 originations.
Loan Sizing
2021 saw Longview Bank & Trust place emphasis on $100,000 or less loans with 166 originations, totaling $9,690,000 in origination value.
Applicant Income
Longview Bank & Trust lent most frequently to those with incomes in the $50k or less range, with 89 originations. The second most popular income band? $50k-75k, with 74 originations.
Applicant Debt to Income Ratio
Longview Bank & Trust lent most frequently to those with DTI ratios of 20-30%, with 110 originations. The next most common DTI ratio? 30-36%, with 64 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications96.30%
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 origination92.70%
Longview Bank & Trust has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 315 | $36,945,000 | $117,286 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2021 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| Longbridge Financial, LLC | Reverse mortgage | Applying for a mortgage or refinancing an existing mortgage | 5 | 50.0% |
| Longbridge Financial, LLC | Reverse mortgage | Trouble during payment process | 4 | 40.0% |
| Longbridge Financial, LLC | Reverse mortgage | Closing on a mortgage | 1 | 10.0% |