Blackhawk Bank & Trust Mortgage Rates, Fees & Info
Milan, ILLEI: 5493002L7I6EYKW3NG91
Tax ID: 36-2463577
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Mortgage Data
Review & Overview
Blackhawk Bank & Trust is a smaller bank specializing in Home Purchase loans. Blackhawk Bank & Trust has a high proportion of conventional loans. Their top markets by origination volume include: Davenport, Harrisonburg, Cape Coral, Rockford, and Niles among others. We have data for 13 markets. (Some data included below & more in-depth data is available with an active subscription.)Blackhawk Bank & Trust 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
204Origination Dollar Volume (All Markets)
$42,580,000Top 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 |
|---|---|---|---|---|---|
| DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA) | 188 | $27,260,000 | $145,000 | $0 | 0.00% |
| HARRISONBURG, VA (FHA|USDA|VA) | 1 | $12,395,000 | $12,395,000 | $0 | 0.00% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 2 | $1,390,000 | $695,000 | $0 | 0.00% |
| ROCKFORD, IL (FHA|USDA|VA) | 3 | $505,000 | $168,333 | $0 | 0.00% |
| NILES, MI (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $0 | 0.00% |
| DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 0.00% |
| Muscatine, IA (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 0.00% |
| Palatka, FL (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 0.00% |
| Sterling, IL (FHA|USDA|VA) | 2 | $110,000 | $55,000 | $0 | 0.00% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 0.00% |
| Burlington, IA-IL (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 0.00% |
| Clinton, IA (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 0.00% |
| PEORIA, IL (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 204 | $42,580,000 | $208,725 | $0 | 0.00% |
For 2023, Blackhawk Bank & Trust's most frequently originated type of loan was Conventional, with 204 originations.
Loan Reason
For 2023, Blackhawk Bank & Trust's most frequently cited loan purpose was Home Purchase, with 140 originations. The 2nd most popular reason was Refi, with 24 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 204 | $42,580,000 | $208,725 | $0 | 0.00% |
For 2023, Blackhawk Bank & Trust's most frequently cited loan duration was Other, with 204 originations.
Loan Sizing
2023 saw Blackhawk Bank & Trust place emphasis on $100,000 or less loans with 104 originations, totaling $6,260,000 in origination value.
Applicant Income
Blackhawk Bank & Trust lent most frequently to those with incomes in the $50k or less range, with 38 originations. The second most popular income band? $50k-75k, with 25 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 204 | $42,580,000 | $208,725 | $0 | 0.00% |
Blackhawk Bank & Trust lent most frequently to those with DTI ratios of Exempt%, with 204 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications91.73%
Blackhawk Bank & Trust has an average approval rate.
Pick Rate
Approvals leading to origination75.00%
Blackhawk Bank & Trust has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 204 | $42,580,000 | $208,725 |