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 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.18% | 5/19/24 |
| 30 Year Conventional Refi | 6.16% | 5/19/24 |
| 30 Year USDA Purchase | 7.10% | 5/19/24 |
| 15 Year Conventional Purchase | 6.41% | 5/19/24 |
| 15 Year Conventional Refi | 6.42% | 5/19/24 |
| 15 Year Cash-out Refi | 6.42% | 5/19/24 |
| 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
210Origination Dollar Volume (All Markets)
$23,220,000Top 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% |
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 | 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
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
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
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
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
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
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
Approval Rates
Total approvals of all applications98.26%
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 origination92.38%
Longview Bank & Trust has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 210 | $23,220,000 | $110,571 |