Republic Bank Of Chicago Mortgage Rates, Fees & Info
Oak Brook, ILLEI: 5493002Q5MB21VG7B390
Tax ID: 36-2533919
Latest/2023 | 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, Milwaukee, Cleveland, Whitewater, and Racine among others. We have data for 11 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 an above average pick rate when compared to similar lenders.
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Originations
258Origination Dollar Volume (All Markets)
$52,120,000Top 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) | 233 | $48,665,000 | $208,863 | $0 | 0.00% |
| MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 13 | $1,705,000 | $131,154 | $0 | 0.00% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 3 | $535,000 | $178,333 | $0 | 0.00% |
| Whitewater, WI (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $0 | 0.00% |
| RACINE, WI (FHA|USDA|VA) | 2 | $250,000 | $125,000 | $0 | 0.00% |
| Ottawa, IL (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 0.00% |
| FOND DU LAC, WI (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 0.00% |
| JANESVILLE-BELOIT, WI (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 0.00% |
| Watertown-Fort Atkinson, WI (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 0.00% |
| Manitowoc, WI (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 0.00% |
| AKRON, 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 | 258 | $52,120,000 | $202,016 | $0 | 0.00% |
For 2023, Republic Bank Of Chicago's most frequently originated type of loan was Conventional, with 258 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 241 | $37,395,000 | $155,166 | $0 | 0.00% |
| Cash Out Refi | 9 | $6,205,000 | $689,444 | $0 | 0.00% |
| Refi | 8 | $8,520,000 | $1,065,000 | $0 | 0.00% |
For 2023, Republic Bank Of Chicago's most frequently cited loan purpose was Home Purchase, with 241 originations. The 2nd most popular reason was Cash Out Refi, with 9 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 258 | $52,120,000 | $202,016 | $0 | 0.00% |
For 2023, Republic Bank Of Chicago's most frequently cited loan duration was Other, with 258 originations.
Loan Sizing
2023 saw Republic Bank Of Chicago place emphasis on $100k-200k loans with 138 originations, totaling $19,820,000 in origination value.
Applicant Income
| Applicant Income | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $50k or less | 4 | $460,000 | $115,000 | $0 | 0.00% |
Republic Bank Of Chicago lent most frequently to those with incomes in the $50k or less range, with 4 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 258 | $52,120,000 | $202,016 | $0 | 0.00% |
Republic Bank Of Chicago lent most frequently to those with DTI ratios of Exempt%, with 258 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Not applicable | 254 | $51,660,000 | $203,386 | $0 | 0.00% |
| White | 4 | $460,000 | $115,000 | $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 origination96.12%
Republic Bank Of Chicago 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 | 258 | $52,120,000 | $202,016 |