American Community Bank & Trust Mortgage Rates, Fees & Info

Woodstock, IL

LEI: 549300228GG3C6SV3C98

Tax ID: 36-4314313

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    American Community Bank & Trust is a smaller bank specializing in Refi and Home Purchase loans. American Community Bank & Trust has a high proportion of conventional loans. Their top markets by origination volume include: Chicago, Whitewater, Galesburg, and Rockford 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.

    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

    76

    Origination Dollar Volume (All Markets)

    $32,750,000

    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) 70 $30,820,000 $440,286 $0 0.00%
    Whitewater, WI (FHA|USDA|VA) 2 $1,030,000 $515,000 $0 0.00%
    Galesburg, IL (FHA|USDA|VA) 1 $705,000 $705,000 $0 0.00%
    ROCKFORD, IL (FHA|USDA|VA) 2 $110,000 $55,000 $0 0.00%
    Outside of Metro Areas 1 $85,000 $85,000 $0 0.00%
    American Community Bank & Trust's top markets include Chicago, Whitewater, Galesburg, and Rockford among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 76 $32,750,000 $430,921 $0 0.00%

    For 2019, American Community Bank & Trust's most frequently originated type of loan was Conventional, with 76 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 40 $14,550,000 $363,750 $0 0.00%
    Home Purchase 25 $11,545,000 $461,800 $0 0.00%
    Cash Out Refi 9 $6,545,000 $727,222 $0 0.00%
    Home Improvement 2 $110,000 $55,000 $0 0.00%

    For 2019, American Community Bank & Trust's most frequently cited loan purpose was Refi, with 40 originations. The 2nd most popular reason was Home Purchase, with 25 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 76 $32,750,000 $430,921 $0 0.00%

    For 2019, American Community Bank & Trust's most frequently cited loan duration was Other, with 76 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 21 $1,325,000 $63,095 $0 0.00%
    $100k-200k 20 $2,810,000 $140,500 $0 0.00%
    $200k-400k 17 $4,575,000 $269,118 $0 0.00%
    $1MM+ 7 $16,635,000 $2,376,429 $0 0.00%
    $600k-1MM 7 $5,415,000 $773,571 $0 0.00%
    $400k-600k 4 $1,990,000 $497,500 $0 0.00%

    2019 saw American Community Bank & Trust place emphasis on $100,000 or less loans with 21 originations, totaling $1,325,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 12 $6,220,000 $518,333 $0 0.00%
    $150k-250k 9 $1,835,000 $203,889 $0 0.00%
    $50k-75k 6 $690,000 $115,000 $0 0.00%
    $100k-150k 5 $955,000 $191,000 $0 0.00%
    $50k or less 5 $355,000 $71,000 $0 0.00%
    $75k-100k 1 $75,000 $75,000 $0 0.00%

    American Community Bank & Trust lent most frequently to those with incomes in the $250k+ range, with 12 originations. The second most popular income band? $150k-250k, with 9 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 76 $32,750,000 $430,921 $0 0.00%

    American Community Bank & Trust lent most frequently to those with DTI ratios of Exempt%, with 76 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 34 $17,870,000 $525,588 $0 0.00%
    White 40 $14,390,000 $359,750 $0 0.00%
    Not provided 1 $255,000 $255,000 $0 0.00%
    Asian 1 $235,000 $235,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    98.73%

    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 origination
    97.37%

    American Community Bank & Trust has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 76 $32,750,000 $430,921

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 19 $21,635,000 $1,138,684
    Single Family (1-4 Units):Manufactured 1 $85,000 $85,000
    Single Family (1-4 Units):Site-Built 56 $11,030,000 $196,964

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    AMERICAN EXPRESS COMPANY Conventional home mortgage Struggling to pay mortgage 1 100.0%