First National Bank In Tremont Mortgage Rates, Fees & Info

Tremont, IL

LEI: 54930041S7CZYMJ4CH46

Tax ID: 37-0274830

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

    First National Bank In Tremont is a smaller bank specializing in Home Purchase loans. First National Bank In Tremont has a high proportion of conventional loans. Their top markets by origination volume include: Lincoln, Peoria, Springfield, and Bloomington among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)

    First National Bank In Tremont 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.

    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

    66

    Origination Dollar Volume (All Markets)

    $8,480,000

    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
    Lincoln, IL (FHA|USDA|VA) 33 $3,975,000 $120,455 $0 0.00%
    PEORIA, IL (FHA|USDA|VA) 27 $3,515,000 $130,185 $0 0.00%
    SPRINGFIELD, IL (FHA|USDA|VA) 4 $810,000 $202,500 $0 0.00%
    BLOOMINGTON, IL (FHA|USDA|VA) 1 $105,000 $105,000 $0 0.00%
    Outside of Metro Areas 1 $75,000 $75,000 $0 0.00%
    First National Bank In Tremont's top markets include Lincoln, Peoria, Springfield, and Bloomington among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 66 $8,480,000 $128,485 $0 0.00%

    For 2023, First National Bank In Tremont's most frequently originated type of loan was Conventional, with 66 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 52 $7,240,000 $139,231 $0 0.00%
    Refi 8 $800,000 $100,000 $0 0.00%
    Home Improvement 3 $325,000 $108,333 $0 0.00%
    Other 3 $115,000 $38,333 $0 0.00%

    For 2023, First National Bank In Tremont's most frequently cited loan purpose was Home Purchase, with 52 originations. The 2nd most popular reason was Refi, with 8 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 66 $8,480,000 $128,485 $0 0.00%

    For 2023, First National Bank In Tremont's most frequently cited loan duration was Other, with 66 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 34 $2,160,000 $63,529 $0 0.00%
    $100k-200k 20 $2,780,000 $139,000 $0 0.00%
    $200k-400k 11 $2,975,000 $270,455 $0 0.00%
    $400k-600k 1 $565,000 $565,000 $0 0.00%

    2023 saw First National Bank In Tremont place emphasis on $100,000 or less loans with 34 originations, totaling $2,160,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 20 $2,950,000 $147,500 $0 0.00%
    $50k-75k 11 $1,105,000 $100,455 $0 0.00%
    $75k-100k 11 $1,105,000 $100,455 $0 0.00%
    $150k-250k 10 $1,620,000 $162,000 $0 0.00%
    $250k+ 3 $945,000 $315,000 $0 0.00%
    $50k or less 2 $160,000 $80,000 $0 0.00%

    First National Bank In Tremont lent most frequently to those with incomes in the $100k-150k range, with 20 originations. The second most popular income band? $50k-75k, with 11 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 66 $8,480,000 $128,485 $0 0.00%

    First National Bank In Tremont lent most frequently to those with DTI ratios of Exempt%, with 66 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 54 $7,620,000 $141,111 $0 0.00%
    Not applicable 8 $520,000 $65,000 $0 0.00%
    Black 2 $200,000 $100,000 $0 0.00%
    Asian 2 $140,000 $70,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    96.15%

    First National Bank In Tremont 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
    86.36%

    First National Bank In Tremont has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 66 $8,480,000 $128,485

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    66 $8,480,000 $128,485