Byline Bank Mortgage Rates, Fees & Info
Chicago, ILLEI: 54930011HPXXLJN2D407
Tax ID: 36-2729588
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Mortgage Data
Review & Overview
Byline Bank is a smaller bank specializing in Home Purchase and Refi loans. Byline Bank has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: Chicago, Champaign, Dallas, Los Angeles, and Tampa among others. We have data for 10 markets. (Some data included below & more in-depth data is available with an active subscription.)Byline Bank has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.
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Originations
61Origination Dollar Volume (All Markets)
$39,345,000Top 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 |
|---|---|---|---|---|---|
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 52 | $33,250,000 | $639,423 | $0 | 0.00% |
| CHAMPAIGN-URBANA, IL (FHA|USDA|VA) | 1 | $3,225,000 | $3,225,000 | $0 | 0.00% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 1 | $1,405,000 | $1,405,000 | $0 | 0.00% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $0 | 0.00% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $0 | 0.00% |
| MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $0 | 0.00% |
| BATTLE CREEK, MI (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $0 | 0.00% |
| GREEN BAY, WI (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 0.00% |
| Pontiac, IL (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 0.00% |
| ROCKFORD, IL (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 59 | $38,905,000 | $659,407 | $0 | 0.00% |
| FHA | 1 | $155,000 | $155,000 | $0 | 0.00% |
| VA | 1 | $285,000 | $285,000 | $0 | 0.00% |
For 2019, Byline Bank's most frequently originated type of loan was Conventional, with 59 originations. Their 2nd most popular type was FHA, with 1 originations.
Loan Reason
For 2019, Byline Bank's most frequently cited loan purpose was Home Purchase, with 47 originations. The 2nd most popular reason was Refi, with 7 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 61 | $39,345,000 | $645,000 | $0 | 0.00% |
For 2019, Byline Bank's most frequently cited loan duration was Other, with 61 originations.
Loan Sizing
2019 saw Byline Bank place emphasis on $100k-200k loans with 18 originations, totaling $2,850,000 in origination value.
Applicant Income
Byline Bank lent most frequently to those with incomes in the $100k-150k range, with 6 originations. The second most popular income band? $50k-75k, with 5 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 61 | $39,345,000 | $645,000 | $0 | 0.00% |
Byline Bank lent most frequently to those with DTI ratios of Exempt%, with 61 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications96.59%
Byline Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination78.69%
Byline Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 61 | $39,345,000 | $645,000 |