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 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.

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    Originations

    315

    Origination Dollar Volume (All Markets)

    $36,945,000

    Awards

    Longview Bank & Trust 30 Year Conventional Loans gold
    Show all (1) 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 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%
    Longview Bank & Trust's top markets include Danville, Terre Haute, Lafayette, Champaign, and Charleston among others.

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

    The Riddell National Bank
    Similarity Rank: 48
    Iroquois Federal Savings and Loan Association
    Similarity Rank: 72
    Vibrant Credit Union
    Similarity Rank: 304
    CRANE
    Similarity Rank: 306
    Longview Bank & Trust
    Similarity Rank: 360
    First Farmers Bank and Trust Company
    Similarity Rank: 1144
    Wolfe Financial, Inc
    Similarity Rank: 2272
    GVC MORTGAGE, INC.
    Similarity Rank: 2772
    First Financial Bank
    Similarity Rank: 3132
    FLAT BRANCH MORTGAGE, INC.
    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

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 159 $21,035,000 $132,296 $4,159 3.02%
    Home Purchase 136 $13,910,000 $102,279 $3,935 3.50%
    Other 8 $970,000 $121,250 $1,616 5.09%
    Cash Out Refi 6 $480,000 $80,000 $3,662 3.02%
    Home Improvement 4 $450,000 $112,500 $2,598 4.88%
    NA 2 $100,000 $50,000 $0 4.50%

    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

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 175 $22,675,000 $129,571 $4,315 3.26%
    15 Year 64 $6,980,000 $109,063 $4,007 2.51%
    Other 23 $2,325,000 $101,087 $2,528 4.73%
    20 Year 22 $2,370,000 $107,727 $3,999 3.25%
    10 Year 14 $630,000 $45,000 $3,199 3.49%
    1 Year 11 $1,705,000 $155,000 $2,373 5.14%
    3 Year 4 $180,000 $45,000 $930 4.75%
    5 Year 2 $80,000 $40,000 $1,590 4.63%

    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

    Loan Rate Originations Total Value Average Loan
    3-4% 104 $11,450,000 $110,096
    2.5-3% 100 $13,120,000 $131,200
    <2.5% 57 $7,175,000 $125,877
    4-5% 36 $2,400,000 $66,667
    5-6% 17 $2,725,000 $160,294
    7-8% 1 $75,000 $75,000

    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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 166 $9,690,000 $58,373 $3,409 3.48%
    $100k-200k 104 $14,940,000 $143,654 $4,299 3.08%
    $200k-400k 41 $10,405,000 $253,780 $5,301 3.23%
    $400k-600k 4 $1,910,000 $477,500 $4,617 3.69%

    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

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 89 $6,295,000 $70,730 $3,641 3.46%
    $50k-75k 74 $7,270,000 $98,243 $3,737 3.26%
    $100k-150k 64 $10,630,000 $166,094 $4,310 3.18%
    $75k-100k 45 $4,965,000 $110,333 $3,748 3.41%
    $150k-250k 26 $5,290,000 $203,462 $5,734 2.99%
    $250k+ 3 $745,000 $248,333 $4,553 2.79%

    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

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 110 $12,750,000 $115,909 $3,960 3.14%
    30-36% 64 $7,480,000 $116,875 $4,123 3.34%
    <20% 46 $4,940,000 $107,391 $3,849 3.06%
    37% 15 $1,615,000 $107,667 $3,919 3.55%
    36% 10 $1,240,000 $124,000 $3,384 3.31%
    39% 9 $1,715,000 $190,556 $4,778 3.00%
    38% 8 $970,000 $121,250 $3,953 2.98%
    41% 7 $595,000 $85,000 $4,236 3.68%
    42% 6 $450,000 $75,000 $2,920 3.13%
    44% 5 $475,000 $95,000 $3,669 3.78%
    40% 5 $555,000 $111,000 $3,155 4.08%
    50-60% 3 $705,000 $235,000 $3,728 4.33%
    43% 3 $645,000 $215,000 $6,134 3.71%
    45% 3 $185,000 $61,667 $10,391 4.42%
    47% 3 $375,000 $125,000 $3,613 3.25%
    46% 2 $370,000 $185,000 $4,317 3.25%
    48% 1 $225,000 $225,000 $4,157 3.25%
    >60% 1 $155,000 $155,000 $4,267 4.25%

    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

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 308 $35,840,000 $116,364 $3,967 3.30%
    Not applicable 5 $885,000 $177,000 $0 4.15%
    Black 1 $165,000 $165,000 $7,436 3.13%
    Filipino 1 $55,000 $55,000 $4,015 2.88%

    Approval Rates

    Total approvals of all applications
    96.30%

    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 origination
    92.70%

    Longview Bank & Trust has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 315 $36,945,000 $117,286

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    315 $36,945,000 $117,286

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 12 $590,000 $49,167 $3,113 3.22%
    40-60% 38 $3,430,000 $90,263 $4,035 2.88%
    60-80% 124 $14,930,000 $120,403 $4,010 3.20%
    80-100% 125 $17,045,000 $136,360 $4,184 3.46%
    Over 100% 2 $400,000 $200,000 $4,778 4.13%
    Under 20% 7 $265,000 $37,857 $1,774 3.79%

    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%