Republic Bank Of Chicago Mortgage Rates, Fees & Info
Oak Brook, ILLEI: 5493002Q5MB21VG7B390
Tax ID: 36-2533919
Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Republic Bank Of Chicago is a smaller bank specializing in Home Purchase loans. Republic Bank Of Chicago has a high proportion of conventional loans. Their top markets by origination volume include: Chicago, Cleveland, Milwaukee, Akron, and Cape Coral among others. We have data for 13 markets. (Some data included below & more in-depth data is available with an active subscription.)Republic Bank Of Chicago 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
265Origination Dollar Volume (All Markets)
$50,655,000Top 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) | 160 | $38,270,000 | $239,188 | $0 | 0.00% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 44 | $4,520,000 | $102,727 | $0 | 0.00% |
| MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 28 | $3,680,000 | $131,429 | $0 | 0.00% |
| AKRON, OH (FHA|USDA|VA) | 15 | $1,545,000 | $103,000 | $0 | 0.00% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 1 | $765,000 | $765,000 | $0 | 0.00% |
| RACINE, WI (FHA|USDA|VA) | 6 | $760,000 | $126,667 | $0 | 0.00% |
| Whitewater, WI (FHA|USDA|VA) | 3 | $325,000 | $108,333 | $0 | 0.00% |
| Watertown-Fort Atkinson, WI (FHA|USDA|VA) | 2 | $280,000 | $140,000 | $0 | 0.00% |
| Beaver Dam, WI (FHA|USDA|VA) | 2 | $150,000 | $75,000 | $0 | 0.00% |
| Wooster, OH (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 0.00% |
| SHEBOYGAN, WI (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 0.00% |
| Sandusky, OH (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 0.00% |
| CANTON-MASSILLON, OH (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 0.00% |
Similar Lenders
We use machine learning to identify the top lenders compared against Republic Bank of Chicago based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 265 | $50,655,000 | $191,151 | $0 | 0.00% |
For 2024, Republic Bank Of Chicago's most frequently originated type of loan was Conventional, with 265 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 259 | $41,735,000 | $161,139 | $0 | 0.00% |
| Refi | 4 | $6,380,000 | $1,595,000 | $0 | 0.00% |
| Cash Out Refi | 2 | $2,540,000 | $1,270,000 | $0 | 0.00% |
For 2024, Republic Bank Of Chicago's most frequently cited loan purpose was Home Purchase, with 259 originations. The 2nd most popular reason was Refi, with 4 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 265 | $50,655,000 | $191,151 | $0 | 0.00% |
For 2024, Republic Bank Of Chicago's most frequently cited loan duration was Other, with 265 originations.
Loan Sizing
2024 saw Republic Bank Of Chicago place emphasis on $100k-200k loans with 117 originations, totaling $16,975,000 in origination value.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 265 | $50,655,000 | $191,151 | $0 | 0.00% |
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Not applicable | 265 | $50,655,000 | $191,151 | $0 | 0.00% |
Approval Rates
Total approvals of all applications100.00%
Republic Bank Of Chicago has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination84.15%
Republic Bank Of Chicago has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 265 | $50,655,000 | $191,151 |