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 loans. Lake Forest Bank & Trust has a high proportion of conventional loans. Their top markets by origination volume include: Chicago, Salt Lake City, Naples, Riverside, and Sacramento among others. We have data for 9 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
66Origination Dollar Volume (All Markets)
$60,690,000Top 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) | 58 | $54,060,000 | $932,069 | $0 | 0.00% |
SALT LAKE CITY, UT (FHA|USDA|VA) | 1 | $2,005,000 | $2,005,000 | $0 | 0.00% |
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 1 | $1,245,000 | $1,245,000 | $0 | 0.00% |
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 1 | $855,000 | $855,000 | $0 | 0.00% |
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 1 | $625,000 | $625,000 | $0 | 0.00% |
Outside of Metro Areas | 1 | $565,000 | $565,000 | $0 | 0.00% |
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 1 | $555,000 | $555,000 | $0 | 0.00% |
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 1 | $525,000 | $525,000 | $0 | 0.00% |
CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 0.00% |
Product Mix
Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
---|---|---|---|---|---|
Conventional | 66 | $60,690,000 | $919,545 | $0 | 0.00% |
For 2018, Lake Forest Bank & Trust's most frequently originated type of loan was Conventional, with 66 originations.
Loan Reason
For 2018, Lake Forest Bank & Trust's most frequently cited loan purpose was Home Purchase, with 44 originations. The 2nd most popular reason was Refi, with 16 originations.
Loan Duration/Length
Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
---|---|---|---|---|---|
Other | 66 | $60,690,000 | $919,545 | $0 | 0.00% |
For 2018, Lake Forest Bank & Trust's most frequently cited loan duration was Other, with 66 originations.
Loan Sizing
2018 saw Lake Forest Bank & Trust place emphasis on $1MM+ loans with 21 originations, totaling $41,835,000 in origination value.
Applicant Income
Lake Forest Bank & Trust lent most frequently to those with incomes in the $250k+ range, with 19 originations. The second most popular income band? $150k-250k, with 5 originations.
Applicant Debt to Income Ratio
DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
---|---|---|---|---|---|
Exempt% | 66 | $60,690,000 | $919,545 | $0 | 0.00% |
Lake Forest Bank & Trust lent most frequently to those with DTI ratios of Exempt%, with 66 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications97.37%
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 origination89.39%
Lake Forest Bank & Trust has an average pick rate.
Points and Fees
Points | Originations | Total Value | Average Loan |
---|---|---|---|
Exempt | 66 | $60,690,000 | $919,545 |