Republic Bank Of Chicago Mortgage Rates, Fees & Info

Oak Brook, IL

LEI: 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, Detroit, Whitewater, and Racine among others. We have data for 4 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.

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

256

Origination Dollar Volume (All Markets)

$48,210,000

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) 252 $47,560,000 $188,730 $0 0.00%
Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 2 $460,000 $230,000 $0 0.00%
Whitewater, WI (FHA|USDA|VA) 1 $125,000 $125,000 $0 0.00%
RACINE, WI (FHA|USDA|VA) 1 $65,000 $65,000 $0 0.00%
Republic Bank Of Chicago's top markets include Chicago, Detroit, Whitewater, and Racine among others.

Their top states include:
  • Illinois (FHA|USDA|VA)
  • Michigan (FHA|USDA|VA)
  • Wisconsin (FHA|USDA|VA)
  • 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 256 $48,210,000 $188,320 $0 0.00%

    For 2022, Republic Bank Of Chicago's most frequently originated type of loan was Conventional, with 256 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 246 $41,180,000 $167,398 $0 0.00%
    Refi 5 $2,175,000 $435,000 $0 0.00%
    Cash Out Refi 5 $4,855,000 $971,000 $0 0.00%

    For 2022, Republic Bank Of Chicago's most frequently cited loan purpose was Home Purchase, with 246 originations. The 2nd most popular reason was Refi, with 5 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 256 $48,210,000 $188,320 $0 0.00%

    For 2022, Republic Bank Of Chicago's most frequently cited loan duration was Other, with 256 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 121 $17,345,000 $143,347 $0 0.00%
    $100,000 or less 83 $6,295,000 $75,843 $0 0.00%
    $200k-400k 34 $8,940,000 $262,941 $0 0.00%
    $400k-600k 8 $4,300,000 $537,500 $0 0.00%
    $1MM+ 5 $7,615,000 $1,523,000 $0 0.00%
    $600k-1MM 5 $3,715,000 $743,000 $0 0.00%

    2022 saw Republic Bank Of Chicago place emphasis on $100k-200k loans with 121 originations, totaling $17,345,000 in origination value.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 256 $48,210,000 $188,320 $0 0.00%

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 255 $48,035,000 $188,373 $0 0.00%
    White 1 $175,000 $175,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    100.00%

    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 origination
    99.22%

    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 256 $48,210,000 $188,320

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    256 $48,210,000 $188,320