First National Bank In Tremont Mortgage Rates, Fees & Info
Tremont, ILLEI: 54930041S7CZYMJ4CH46
Tax ID: 37-0274830
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage Data
Review & Overview
First National Bank In Tremont is a smaller bank specializing in Home Purchase and Refi loans. First National Bank In Tremont has a high proportion of conventional loans. Their top markets by origination volume include: Lincoln, Peoria, and Decatur among others. We have data for 4 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 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.
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
35Origination Dollar Volume (All Markets)
$3,315,000Top 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 |
|---|---|---|---|---|---|
| Lincoln, IL (FHA|USDA|VA) | 17 | $2,035,000 | $119,706 | $0 | 0.00% |
| PEORIA, IL (FHA|USDA|VA) | 14 | $1,050,000 | $75,000 | $0 | 0.00% |
| Outside of Metro Areas | 3 | $125,000 | $41,667 | $0 | 0.00% |
| DECATUR, IL (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 35 | $3,315,000 | $94,714 | $0 | 0.00% |
For 2018, First National Bank In Tremont's most frequently originated type of loan was Conventional, with 35 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 19 | $1,755,000 | $92,368 | $0 | 0.00% |
| Refi | 11 | $1,405,000 | $127,727 | $0 | 0.00% |
| Other | 5 | $155,000 | $31,000 | $0 | 0.00% |
For 2018, First National Bank In Tremont's most frequently cited loan purpose was Home Purchase, with 19 originations. The 2nd most popular reason was Refi, with 11 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 35 | $3,315,000 | $94,714 | $0 | 0.00% |
For 2018, First National Bank In Tremont's most frequently cited loan duration was Other, with 35 originations.
Loan Sizing
2018 saw First National Bank In Tremont place emphasis on $100,000 or less loans with 21 originations, totaling $945,000 in origination value.
Applicant Income
First National Bank In Tremont lent most frequently to those with incomes in the $50k-75k range, with 12 originations. The second most popular income band? $150k-250k, with 8 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 35 | $3,315,000 | $94,714 | $0 | 0.00% |
First National Bank In Tremont lent most frequently to those with DTI ratios of Exempt%, with 35 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 33 | $3,125,000 | $94,697 | $0 | 0.00% |
| Not applicable | 1 | $125,000 | $125,000 | $0 | 0.00% |
| Asian | 1 | $65,000 | $65,000 | $0 | 0.00% |
Approval Rates
Total approvals of all applications94.74%
First National Bank In Tremont has an average approval rate.
Pick Rate
Approvals leading to origination97.14%
First National Bank In Tremont 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 | 35 | $3,315,000 | $94,714 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Site-Built | 35 | $3,315,000 | $94,714 |
Complaints
| Bank Name | Product | Issue | 2018 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| FIRST NATIONAL BANK OF OMAHA | Home equity loan or line of credit (HELOC) | Closing on a mortgage | 1 | 50.0% |
| FIRST NATIONAL BANK OF OMAHA | Conventional home mortgage | Struggling to pay mortgage | 1 | 50.0% |