Williamsville State Bank & Trust Mortgage Rates, Fees & Info

Williamsville, IL

LEI: 5493003K5GJU8VB60Z66

Tax ID: 37-0588160

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

Jump to:

Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • 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

    Williamsville State Bank & Trust is a smaller bank specializing in Home Purchase and Cash Out Refi loans. Williamsville State Bank & Trust has a high proportion of conventional loans. Their top markets by origination volume include: Springfield, Chicago, Taylorville, and Lincoln among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Williamsville State 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. Williamsville State Bank & Trust is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

    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.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.


    Originations

    47

    Origination Dollar Volume (All Markets)

    $4,665,000

    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
    SPRINGFIELD, IL (FHA|USDA|VA) 42 $4,030,000 $95,952 $1,196 5.06%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 1 $415,000 $415,000 $4,257 4.00%
    Taylorville, IL (FHA|USDA|VA) 2 $100,000 $50,000 $1,222 5.63%
    Lincoln, IL (FHA|USDA|VA) 1 $65,000 $65,000 $2,970 3.38%
    Outside of Metro Areas 1 $55,000 $55,000 $378 5.50%
    Williamsville State Bank & Trust's top markets include Springfield, Chicago, Taylorville, and Lincoln among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 47 $4,665,000 $99,255 $1,303 5.04%

    For 2018, Williamsville State Bank & Trust's most frequently originated type of loan was Conventional, with 47 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 19 $1,825,000 $96,053 $1,595 5.27%
    Cash Out Refi 19 $1,725,000 $90,789 $1,078 4.73%
    Refi 5 $895,000 $179,000 $2,806 4.95%
    Other 3 $165,000 $55,000 $424 5.50%
    Home Improvement 1 $55,000 $55,000 $378 5.50%

    For 2018, Williamsville State Bank & Trust's most frequently cited loan purpose was Home Purchase, with 19 originations. The 2nd most popular reason was Cash Out Refi, with 19 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    5 Year 22 $2,130,000 $96,818 $934 5.16%
    15 Year 8 $960,000 $120,000 $2,362 4.95%
    30 Year 8 $860,000 $107,500 $1,545 4.61%
    Other 4 $180,000 $45,000 $572 5.63%
    10 Year 3 $215,000 $71,667 $1,171 5.13%
    20 Year 2 $320,000 $160,000 $1,229 4.44%

    For 2018, Williamsville State Bank & Trust's most frequently cited loan duration was 5 Year, with 22 originations. The 2nd most popular length was 15 Year, with 8 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 41 $3,815,000 $93,049

    Williamsville State Bank & Trust's average total fees were $1,545, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 41 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 17 $1,655,000 $97,353
    5-6% 14 $1,060,000 $75,714
    3-4% 10 $1,310,000 $131,000
    6-7% 5 $595,000 $119,000
    Over 8% 1 $45,000 $45,000

    During 2018, Williamsville State Bank & Trust's average interest rate for loans was 4.61%, while their most frequently originated rate bucket for loans was 4-5%, with 17 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 30 $1,650,000 $55,000 $1,087 5.26%
    $100k-200k 15 $2,155,000 $143,667 $1,475 4.57%
    $400k-600k 2 $860,000 $430,000 $4,257 5.25%

    2018 saw Williamsville State Bank & Trust place emphasis on $100,000 or less loans with 30 originations, totaling $1,650,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 14 $1,420,000 $101,429 $1,202 4.69%
    $75k-100k 11 $685,000 $62,273 $1,129 5.53%
    $50k or less 7 $425,000 $60,714 $1,356 4.82%
    $150k-250k 5 $575,000 $115,000 $821 4.78%
    $50k-75k 5 $425,000 $85,000 $1,800 5.28%
    $250k+ 2 $570,000 $285,000 $2,778 4.25%

    Williamsville State Bank & Trust lent most frequently to those with incomes in the $100k-150k range, with 14 originations. The second most popular income band? $75k-100k, with 11 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 14 $1,240,000 $88,571 $1,121 5.04%
    <20% 8 $1,020,000 $127,500 $1,823 4.28%
    30-36% 7 $535,000 $76,429 $850 5.14%
    41% 4 $340,000 $85,000 $1,297 5.66%
    39% 2 $90,000 $45,000 $1,151 5.88%
    38% 2 $100,000 $50,000 $1,247 4.19%
    42% 2 $180,000 $90,000 $1,480 5.88%
    46% 1 $95,000 $95,000 $1,173 3.88%
    49% 1 $165,000 $165,000 $1,229 5.13%
    50-60% 1 $115,000 $115,000 $2,999 3.38%

    Williamsville State Bank & Trust lent most frequently to those with DTI ratios of 20-30%, with 14 originations. The next most common DTI ratio? <20%, with 8 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 44 $4,040,000 $91,818 $1,298 4.98%
    Not applicable 2 $460,000 $230,000 $0 6.13%
    Black 1 $165,000 $165,000 $1,480 5.25%

    Approval Rates

    Total approvals of all applications
    94.55%

    Williamsville State Bank & Trust has an average approval rate.

    Pick Rate

    Approvals leading to origination
    89.36%

    Williamsville State Bank & Trust has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 47 $4,665,000 $99,255

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 1 $445,000 $445,000
    Single Family (1-4 Units):Manufactured 6 $290,000 $48,333
    Single Family (1-4 Units):Site-Built 40 $3,930,000 $98,250

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 8 $600,000 $75,000 $1,337 4.50%
    40-60% 7 $845,000 $120,714 $1,179 5.09%
    60-80% 19 $2,215,000 $116,579 $1,636 4.91%
    80-100% 8 $880,000 $110,000 $1,146 5.47%
    Under 20% 5 $125,000 $25,000 $493 5.63%