Byline Bank Mortgage Rates, Fees & Info

Chicago, IL

LEI: 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.

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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Originations

61

Origination Dollar Volume (All Markets)

$39,345,000

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
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%
Byline Bank's top markets include Chicago, Champaign, Dallas, Los Angeles, and Tampa among others.

Their top states include:
  • Illinois (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)
  • Wisconsin (FHA|USDA|VA)
  • California (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • 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

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 47 $27,445,000 $583,936 $0 0.00%
    Refi 7 $10,765,000 $1,537,857 $0 0.00%
    Home Improvement 4 $580,000 $145,000 $0 0.00%
    Cash Out Refi 2 $410,000 $205,000 $0 0.00%
    Other 1 $145,000 $145,000 $0 0.00%

    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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 18 $2,850,000 $158,333 $0 0.00%
    $200k-400k 17 $4,825,000 $283,824 $0 0.00%
    $1MM+ 8 $23,280,000 $2,910,000 $0 0.00%
    $600k-1MM 8 $5,730,000 $716,250 $0 0.00%
    $100,000 or less 5 $315,000 $63,000 $0 0.00%
    $400k-600k 5 $2,345,000 $469,000 $0 0.00%

    2019 saw Byline Bank place emphasis on $100k-200k loans with 18 originations, totaling $2,850,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 6 $1,290,000 $215,000 $0 0.00%
    $50k-75k 5 $905,000 $181,000 $0 0.00%
    $150k-250k 2 $700,000 $350,000 $0 0.00%
    $250k+ 2 $680,000 $340,000 $0 0.00%
    $50k or less 2 $80,000 $40,000 $0 0.00%
    $75k-100k 2 $340,000 $170,000 $0 0.00%

    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

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 38 $34,020,000 $895,263 $0 0.00%
    White 17 $4,205,000 $247,353 $0 0.00%
    Black 3 $565,000 $188,333 $0 0.00%
    Asian 2 $450,000 $225,000 $0 0.00%
    Not provided 1 $105,000 $105,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    96.59%

    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 origination
    78.69%

    Byline Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 61 $39,345,000 $645,000

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 16 $28,210,000 $1,763,125
    Single Family (1-4 Units):Site-Built 45 $11,135,000 $247,444