American Community Bank & Trust Mortgage Rates, Fees & Info
Woodstock, ILLEI: 549300228GG3C6SV3C98
Tax ID: 36-4314313
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
American Community Bank & Trust is a smaller bank specializing in Home Purchase and Cash Out Refi loans. American Community Bank & Trust has a high proportion of conventional loans. Their top markets by origination volume include: Chicago, Naples, Whitewater, Charlotte, and Miami among others. We have data for 10 markets. (Some data included below & more in-depth data is available with an active subscription.)American Community 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.
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Originations
50Origination Dollar Volume (All Markets)
$23,490,000Top 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) | 40 | $14,790,000 | $369,750 | $0 | 0.00% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 1 | $3,005,000 | $3,005,000 | $0 | 0.00% |
| Whitewater, WI (FHA|USDA|VA) | 1 | $1,185,000 | $1,185,000 | $0 | 0.00% |
| Outside of Metro Areas | 1 | $1,005,000 | $1,005,000 | $0 | 0.00% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 1 | $1,005,000 | $1,005,000 | $0 | 0.00% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 1 | $1,005,000 | $1,005,000 | $0 | 0.00% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $0 | 0.00% |
| ROCKFORD, IL (FHA|USDA|VA) | 2 | $440,000 | $220,000 | $0 | 0.00% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $0 | 0.00% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 50 | $23,490,000 | $469,800 | $0 | 0.00% |
For 2023, American Community Bank & Trust's most frequently originated type of loan was Conventional, with 50 originations.
Loan Reason
For 2023, American Community Bank & Trust's most frequently cited loan purpose was Refi, with 23 originations. The 2nd most popular reason was Home Purchase, with 22 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 50 | $23,490,000 | $469,800 | $0 | 0.00% |
For 2023, American Community Bank & Trust's most frequently cited loan duration was Other, with 50 originations.
Loan Sizing
2023 saw American Community Bank & Trust place emphasis on $100k-200k loans with 13 originations, totaling $1,815,000 in origination value.
Applicant Income
American Community Bank & Trust lent most frequently to those with incomes in the $250k+ range, with 9 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% | 50 | $23,490,000 | $469,800 | $0 | 0.00% |
American Community Bank & Trust lent most frequently to those with DTI ratios of Exempt%, with 50 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications100.00%
American Community 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 origination94.00%
American Community Bank & Trust has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 50 | $23,490,000 | $469,800 |