American Community Bank & Trust Mortgage Rates, Fees & Info
Woodstock, ILLEI: 549300228GG3C6SV3C98
Tax ID: 36-4314313
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Mortgage Data
Review & Overview
American Community Bank & Trust is a smaller bank specializing in Refi loans. American Community Bank & Trust has a high proportion of conventional loans. Their top markets by origination volume include: Chicago, Whitewater, Niles, Rockford, and Manchester among others. We have data for 5 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. American Community 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 relatively high rates.
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Originations
84Origination Dollar Volume (All Markets)
$27,820,000Awards
American Community Bank & Trust - 2018
American Community Bank & Trust is a 2018 , due to their low .
For 2018, less than of lenders were eligible for this award.
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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) | 74 | $23,120,000 | $312,432 | $1,518 | 5.35% |
| Whitewater, WI (FHA|USDA|VA) | 7 | $4,055,000 | $579,286 | $1,130 | 6.16% |
| NILES, MI (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $2,762 | 5.10% |
| ROCKFORD, IL (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 6.00% |
| MANCHESTER-NASHUA, NH (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 6.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 84 | $27,820,000 | $331,190 | $1,543 | 5.43% |
For 2018, American Community Bank & Trust's most frequently originated type of loan was Conventional, with 84 originations.
Loan Reason
For 2018, American Community Bank & Trust's most frequently cited loan purpose was Refi, with 43 originations. The 2nd most popular reason was Home Purchase, with 24 originations.
Loan Duration/Length
For 2018, American Community Bank & Trust's most frequently cited loan duration was 5 Year, with 27 originations. The 2nd most popular length was Other, with 21 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 19 | $4,725,000 | $248,684 |
American Community Bank & Trust's average total fees were $2,136, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 19 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 5-6% | 43 | $12,625,000 | $293,605 |
| 4-5% | 29 | $12,575,000 | $433,621 |
| 6-7% | 10 | $1,870,000 | $187,000 |
| 7-8% | 1 | $25,000 | $25,000 |
| Over 8% | 1 | $725,000 | $725,000 |
During 2018, American Community Bank & Trust's average interest rate for loans was 5.43%, while their most frequently originated rate bucket for loans was 5-6%, with 43 originations.
Loan Sizing
2018 saw American Community Bank & Trust place emphasis on $100k-200k loans with 24 originations, totaling $3,230,000 in origination value.
Applicant Income
American Community Bank & Trust lent most frequently to those with incomes in the $50k or less range, with 7 originations. The second most popular income band? $150k-250k, with 6 originations.
Applicant Debt to Income Ratio
American Community Bank & Trust lent most frequently to those with DTI ratios of 30-36%, with 6 originations. The next most common DTI ratio? >60%, with 5 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications97.83%
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 origination92.86%
American Community Bank & Trust has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 84 | $27,820,000 | $331,190 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Multifamily:Site-Built | 18 | $12,750,000 | $708,333 |
| Single Family (1-4 Units):Site-Built | 66 | $15,070,000 | $228,333 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2018 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| AMERICAN EXPRESS COMPANY | Conventional home mortgage | Trouble during payment process | 1 | 50.0% |
| AMERICAN EXPRESS COMPANY | Home equity loan or line of credit (HELOC) | Trouble during payment process | 1 | 50.0% |