Lake Forest Bank & Trust Mortgage Rates, Fees & Info
Rosemont, ILLEI: 5493004MWCDBCBTXE044
Tax ID: 36-3783644
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Lake Forest Bank & Trust is a smaller bank specializing in Home Purchase and Refi loans. Lake Forest Bank & Trust has a high proportion of conventional loans. Their top markets by origination volume include: Chicago, Naples, Riverside, Los Angeles, and Washington among others. We have data for 8 markets. (Some data included below & more in-depth data is available with an active subscription.)Lake Forest 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.
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Originations
61Origination Dollar Volume (All Markets)
$50,985,000Top 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 |
|---|---|---|---|---|---|
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 49 | $37,795,000 | $771,327 | $0 | 0.00% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 6 | $5,820,000 | $970,000 | $0 | 0.00% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 1 | $1,635,000 | $1,635,000 | $0 | 0.00% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 1 | $1,495,000 | $1,495,000 | $0 | 0.00% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 1 | $1,385,000 | $1,385,000 | $0 | 0.00% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 1 | $1,045,000 | $1,045,000 | $0 | 0.00% |
| KNOXVILLE, TN (FHA|USDA|VA) | 1 | $905,000 | $905,000 | $0 | 0.00% |
| Seneca, SC (FHA|USDA|VA) | 1 | $905,000 | $905,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 61 | $50,985,000 | $835,820 | $0 | 0.00% |
For 2023, Lake Forest Bank & Trust's most frequently originated type of loan was Conventional, with 61 originations.
Loan Reason
For 2023, Lake Forest Bank & Trust's most frequently cited loan purpose was Home Purchase, with 40 originations. The 2nd most popular reason was Refi, with 18 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 61 | $50,985,000 | $835,820 | $0 | 0.00% |
For 2023, Lake Forest Bank & Trust's most frequently cited loan duration was Other, with 61 originations.
Loan Sizing
2023 saw Lake Forest Bank & Trust place emphasis on $1MM+ loans with 18 originations, totaling $32,180,000 in origination value.
Applicant Income
Lake Forest Bank & Trust lent most frequently to those with incomes in the $250k+ range, with 29 originations. The second most popular income band? $150k-250k, with 3 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 61 | $50,985,000 | $835,820 | $0 | 0.00% |
Lake Forest Bank & Trust lent most frequently to those with DTI ratios of Exempt%, with 61 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications96.04%
Lake Forest Bank & Trust has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination77.05%
Lake Forest Bank & Trust has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 61 | $50,985,000 | $835,820 |