First National Bank In Tremont Mortgage Rates, Fees & Info
Tremont, ILLEI: 54930041S7CZYMJ4CH46
Tax ID: 37-0274830
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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: Peoria, Lincoln, Bloomington, and Springfield 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.
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Originations
50Origination Dollar Volume (All Markets)
$4,800,000Top 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 |
|---|---|---|---|---|---|
| PEORIA, IL (FHA|USDA|VA) | 24 | $2,690,000 | $112,083 | $0 | 0.00% |
| Lincoln, IL (FHA|USDA|VA) | 20 | $1,450,000 | $72,500 | $0 | 0.00% |
| BLOOMINGTON, IL (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $0 | 0.00% |
| Outside of Metro Areas | 3 | $175,000 | $58,333 | $0 | 0.00% |
| SPRINGFIELD, IL (FHA|USDA|VA) | 2 | $170,000 | $85,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 50 | $4,800,000 | $96,000 | $0 | 0.00% |
For 2019, First National Bank In Tremont's most frequently originated type of loan was Conventional, with 50 originations.
Loan Reason
For 2019, First National Bank In Tremont's most frequently cited loan purpose was Home Purchase, with 23 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 | 50 | $4,800,000 | $96,000 | $0 | 0.00% |
For 2019, First National Bank In Tremont's most frequently cited loan duration was Other, with 50 originations.
Loan Sizing
2019 saw First National Bank In Tremont place emphasis on $100,000 or less loans with 34 originations, totaling $1,820,000 in origination value.
Applicant Income
First National Bank In Tremont lent most frequently to those with incomes in the $100k-150k range, with 10 originations. The second most popular income band? $50k or less, with 10 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 50 | $4,800,000 | $96,000 | $0 | 0.00% |
First National Bank In Tremont lent most frequently to those with DTI ratios of Exempt%, with 50 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications98.04%
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 originationPoints and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 50 | $4,800,000 | $96,000 |
Occupancy Type Mix
Complaints
| Bank Name | Product | Issue | 2019 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| FIRST NATIONAL BANK OF OMAHA | Conventional home mortgage | Struggling to pay mortgage | 1 | 16.7% |
| FIRST NATIONAL BANK OF OMAHA | Conventional home mortgage | Trouble during payment process | 3 | 50.0% |
| FIRST NATIONAL BANK OF OMAHA | Conventional home mortgage | Closing on a mortgage | 2 | 33.3% |