Longview Bank & Trust Mortgage Rates, Fees & Info

Chrisman, IL

LEI: 549300110N83KRID7Q56

Tax ID: 37-0532670

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • 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, Charleston, Champaign, and Paducah among others. We have data for 9 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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    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






    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

    210

    Origination Dollar Volume (All Markets)

    $23,220,000

    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 126 $13,730,000 $108,968 $3,678 5.00%
    DANVILLE, IL (FHA|USDA|VA) 54 $5,090,000 $94,259 $3,886 5.17%
    TERRE HAUTE, IN (FHA|USDA|VA) 14 $2,060,000 $147,143 $3,297 4.78%
    Charleston-Mattoon, IL (FHA|USDA|VA) 7 $1,045,000 $149,286 $3,995 4.64%
    CHAMPAIGN-URBANA, IL (FHA|USDA|VA) 3 $465,000 $155,000 $4,660 4.33%
    Paducah, KY-IL (FHA|USDA|VA) 1 $305,000 $305,000 $3,319 4.00%
    LAFAYETTE-WEST LAFAYETTE, IN (FHA|USDA|VA) 1 $235,000 $235,000 $4,301 5.75%
    Lincoln, IL (FHA|USDA|VA) 3 $195,000 $65,000 $3,829 5.17%
    SPRINGFIELD, IL (FHA|USDA|VA) 1 $95,000 $95,000 $3,922 6.00%
    Longview Bank & Trust's top markets include Danville, Terre Haute, Charleston, Champaign, and Paducah 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.

    The Riddell National Bank
    Similarity Rank: 48
    Iroquois Federal Savings and Loan Association
    Similarity Rank: 54
    Longview Bank & Trust
    Similarity Rank: 54
    CRANE
    Similarity Rank: 170
    First Farmers Bank and Trust Company
    Similarity Rank: 688
    Old National Bank
    Similarity Rank: 1476
    First Financial Bank
    Similarity Rank: 1922
    FLAT BRANCH MORTGAGE, INC.
    Similarity Rank: 3585
    GVC MORTGAGE, INC.
    Similarity Rank: 3627
    The Huntington National Bank
    Similarity Rank: 5004

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 203 $22,635,000 $111,502 $3,714 5.01%
    HELOC 4 $310,000 $77,500 n/a 5.63%
    USDA 3 $275,000 $91,667 $5,393 4.42%

    For 2022, Longview Bank & Trust's most frequently originated type of loan was Conventional, with 203 originations. Their 2nd most popular type was HELOC, with 4 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 102 $11,140,000 $109,216 $3,500 4.95%
    Home Purchase 99 $11,685,000 $118,030 $4,083 4.97%
    Other 8 $350,000 $43,750 $1,657 6.46%
    Home Improvement 1 $45,000 $45,000 $0 4.00%

    For 2022, Longview Bank & Trust's most frequently cited loan purpose was Refi, with 102 originations. The 2nd most popular reason was Home Purchase, with 99 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 120 $16,250,000 $135,417 $4,298 4.87%
    15 Year 28 $2,760,000 $98,571 $3,326 4.64%
    20 Year 22 $1,810,000 $82,273 $3,328 5.33%
    Other 15 $895,000 $59,667 $2,370 5.23%
    5 Year 12 $310,000 $25,833 $1,914 5.73%
    10 Year 6 $690,000 $115,000 $2,151 5.58%
    1 Year 5 $425,000 $85,000 $1,871 5.95%
    3 Year 2 $80,000 $40,000 $0 5.00%

    For 2022, Longview Bank & Trust's most frequently cited loan duration was 30 Year, with 120 originations. The 2nd most popular length was 15 Year, with 28 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 173 $19,615,000 $113,382

    Longview Bank & Trust's average total fees were $4,298, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 173 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 66 $7,200,000 $109,091
    5-6% 52 $6,030,000 $115,962
    3-4% 51 $6,375,000 $125,000
    6-7% 23 $2,115,000 $91,957
    7-8% 12 $930,000 $77,500
    2.5-3% 3 $445,000 $148,333

    During 2022, Longview Bank & Trust's average interest rate for loans was 4.87%, while their most frequently originated rate bucket for loans was 4-5%, with 66 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 127 $7,125,000 $56,102 $3,021 5.14%
    $100k-200k 57 $7,935,000 $139,211 $4,527 4.84%
    $200k-400k 20 $5,010,000 $250,500 $5,293 4.80%
    $400k-600k 5 $2,525,000 $505,000 $5,999 4.68%
    $600k-1MM 1 $625,000 $625,000 $2,781 4.50%

    2022 saw Longview Bank & Trust place emphasis on $100,000 or less loans with 127 originations, totaling $7,125,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 51 $3,325,000 $65,196 $3,405 5.18%
    $100k-150k 45 $6,725,000 $149,444 $4,545 4.91%
    $50k-75k 41 $3,525,000 $85,976 $3,347 4.78%
    $75k-100k 33 $3,555,000 $107,727 $3,400 5.17%
    $150k-250k 11 $2,085,000 $189,545 $4,177 4.48%
    $250k+ 6 $1,520,000 $253,333 $5,051 5.21%

    Longview Bank & Trust lent most frequently to those with incomes in the $50k or less range, with 51 originations. The second most popular income band? $100k-150k, with 45 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 60 $5,730,000 $95,500 $3,714 4.67%
    30-36% 34 $3,790,000 $111,471 $4,039 5.43%
    <20% 30 $3,820,000 $127,333 $3,545 4.73%
    42% 5 $545,000 $109,000 $3,541 5.18%
    36% 5 $525,000 $105,000 $3,871 5.83%
    38% 5 $395,000 $79,000 $2,225 5.23%
    41% 4 $870,000 $217,500 $4,684 4.47%
    44% 4 $300,000 $75,000 $3,265 4.31%
    39% 3 $415,000 $138,333 $6,678 4.42%
    37% 3 $175,000 $58,333 $3,192 5.67%
    46% 3 $325,000 $108,333 $6,169 5.17%
    47% 3 $145,000 $48,333 $1,968 4.42%
    48% 3 $575,000 $191,667 $3,735 5.75%
    50-60% 3 $505,000 $168,333 $3,472 5.08%
    45% 3 $345,000 $115,000 $3,513 4.83%
    43% 2 $330,000 $165,000 $2,927 5.50%
    40% 2 $340,000 $170,000 $3,268 4.50%
    49% 2 $340,000 $170,000 $4,327 4.94%
    >60% 2 $50,000 $25,000 $3,056 5.75%

    Longview Bank & Trust lent most frequently to those with DTI ratios of 20-30%, with 60 originations. The next most common DTI ratio? 30-36%, with 34 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 197 $21,675,000 $110,025 $3,734 5.03%
    Not applicable 12 $1,330,000 $110,833 $0 4.73%
    Black 1 $215,000 $215,000 $5,318 4.50%

    Approval Rates

    Total approvals of all applications
    98.26%

    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
    92.38%

    Longview Bank & Trust has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 210 $23,220,000 $110,571

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    210 $23,220,000 $110,571

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 20 $950,000 $47,500 $2,226 5.68%
    40-60% 13 $1,485,000 $114,231 $2,837 4.67%
    60-80% 76 $8,210,000 $108,026 $4,264 4.68%
    80-100% 80 $10,370,000 $129,625 $4,000 5.03%
    Over 100% 6 $1,630,000 $271,667 $5,712 5.54%
    Under 20% 12 $250,000 $20,833 $1,666 5.88%