Lake Forest Bank & Trust Mortgage Rates, Fees & Info

Rosemont, IL

LEI: 5493004MWCDBCBTXE044

Tax ID: 36-3783644

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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

61

Origination Dollar Volume (All Markets)

$50,985,000

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
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%
Lake Forest Bank & Trust's top markets include Chicago, Naples, Riverside, Los Angeles, and Washington among others.

Their top states include:
  • Illinois (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • California (FHA|USDA|VA)
  • Virginia (FHA|USDA|VA)
  • South Carolina (FHA|USDA|VA)
  • 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

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 40 $38,680,000 $967,000 $0 0.00%
    Refi 18 $10,550,000 $586,111 $0 0.00%
    Home Improvement 2 $770,000 $385,000 $0 0.00%
    Other 1 $985,000 $985,000 $0 0.00%

    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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $1MM+ 18 $32,180,000 $1,787,778 $0 0.00%
    $600k-1MM 15 $12,335,000 $822,333 $0 0.00%
    $200k-400k 11 $3,055,000 $277,727 $0 0.00%
    $100,000 or less 7 $375,000 $53,571 $0 0.00%
    $100k-200k 5 $735,000 $147,000 $0 0.00%
    $400k-600k 5 $2,305,000 $461,000 $0 0.00%

    2023 saw Lake Forest Bank & Trust place emphasis on $1MM+ loans with 18 originations, totaling $32,180,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 29 $33,635,000 $1,159,828 $0 0.00%
    $150k-250k 3 $1,495,000 $498,333 $0 0.00%
    $50k-75k 3 $495,000 $165,000 $0 0.00%
    $100k-150k 1 $355,000 $355,000 $0 0.00%
    $50k or less 1 $45,000 $45,000 $0 0.00%
    $75k-100k 1 $205,000 $205,000 $0 0.00%

    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

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 34 $29,810,000 $876,765 $0 0.00%
    Not applicable 20 $12,970,000 $648,500 $0 0.00%
    Not provided 4 $6,200,000 $1,550,000 $0 0.00%
    Korean 1 $1,085,000 $1,085,000 $0 0.00%
    Asian 1 $865,000 $865,000 $0 0.00%
    Black 1 $55,000 $55,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    96.04%

    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 origination
    77.05%

    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

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    61 $50,985,000 $835,820