Lake Forest Bank & Trust Mortgage Rates, Fees & Info

Rosemont, IL

LEI: 5493004MWCDBCBTXE044

Tax ID: 36-3783644

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 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, Miami, Indianapolis, Washington, and Jackson 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 an above average pick rate when compared to similar lenders.

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Originations

Origination Dollar Volume (All Markets)

$51,820,000

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)	58	$44,730,000	$771,207	$0	0.00%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA\|USDA\|VA)	1	$1,505,000	$1,505,000	$0	0.00%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA\|USDA\|VA)	2	$1,500,000	$750,000	$0	0.00%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA\|USDA\|VA)	1	$1,265,000	$1,265,000	$0	0.00%
Jackson, WY-ID (FHA\|USDA\|VA)	1	$885,000	$885,000	$0	0.00%
NAPLES-MARCO ISLAND, FL (FHA\|USDA\|VA)	1	$765,000	$765,000	$0	0.00%
Outside of Metro Areas	1	$595,000	$595,000	$0	0.00%
CAPE CORAL-FORT MYERS, FL (FHA\|USDA\|VA)	1	$575,000	$575,000	$0	0.00%

Lake Forest Bank & Trust's top markets include Chicago, Miami, Indianapolis, Washington, and Jackson among others.

Their top states include:

Illinois (FHA|USDA|VA)

Florida (FHA|USDA|VA)

Indiana (FHA|USDA|VA)

District of Columbia (FHA|USDA|VA)

Wyoming (FHA|USDA|VA)

Product Mix

Loan Type	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Conventional	66	$51,820,000	$785,152	$0	0.00%

For 2019, Lake Forest Bank & Trust's most frequently originated type of loan was Conventional, with 66 originations.

Loan Reason

Loan Reason	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Home Purchase	39	$27,455,000	$703,974	$0	0.00%
Refi	24	$22,270,000	$927,917	$0	0.00%
Other	2	$1,280,000	$640,000	$0	0.00%
Cash Out Refi	1	$815,000	$815,000	$0	0.00%

For 2019, Lake Forest Bank & Trust's most frequently cited loan purpose was Home Purchase, with 39 originations. The 2nd most popular reason was Refi, with 24 originations.

Loan Duration/Length

Loan Length	Originations	Total Value	Average Loan	Average Fees	Average Rate
Other	66	$51,820,000	$785,152	$0	0.00%

For 2019, Lake Forest Bank & Trust's most frequently cited loan duration was Other, with 66 originations.

Loan Sizing

Loan Size	Originations	Total Value	Average Loan	Average Fees	Average Rate
$1MM+	18	$28,870,000	$1,603,889	$0	0.00%
$600k-1MM	16	$12,120,000	$757,500	$0	0.00%
$400k-600k	14	$7,240,000	$517,143	$0	0.00%
$100k-200k	8	$1,190,000	$148,750	$0	0.00%
$200k-400k	7	$2,185,000	$312,143	$0	0.00%
$100,000 or less	3	$215,000	$71,667	$0	0.00%

2019 saw Lake Forest Bank & Trust place emphasis on $1MM+ loans with 18 originations, totaling $28,870,000 in origination value.

Applicant Income

Applicant Income	Originations	Total Value	Average Loan	Average Fees	Average Rate
$250k+	19	$18,635,000	$980,789	$0	0.00%
$150k-250k	7	$3,905,000	$557,857	$0	0.00%
$100k-150k	3	$1,315,000	$438,333	$0	0.00%
$50k-75k	2	$300,000	$150,000	$0	0.00%
$75k-100k	2	$450,000	$225,000	$0	0.00%

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 7 originations.

Applicant Debt to Income Ratio

DTI Ratio	Originations	Total Value	Average Loan	Average Fees	Average Rate
Exempt%	66	$51,820,000	$785,152	$0	0.00%

Lake Forest Bank & Trust lent most frequently to those with DTI ratios of Exempt%, with 66 originations.

Ethnicity Mix

Applicant Ethnicity	Originations	Total Value	Average Loan	Average Fees	Average Rate
Not applicable	31	$26,075,000	$841,129	$0	0.00%
White	31	$21,425,000	$691,129	$0	0.00%
Not provided	4	$4,320,000	$1,080,000	$0	0.00%

Approval Rates

Total approvals of all applications
94.81%

Lake Forest Bank & Trust has an average approval rate.

Pick Rate

Approvals leading to origination
90.91%

Lake Forest Bank & Trust has an average pick rate.

Points and Fees

Points	Originations	Total Value	Average Loan
Exempt	66	$51,820,000	$785,152

Occupancy Type Mix

Dwelling Type	Originations	Total Value	Average Loan
Multifamily:Site-Built	21	$24,475,000	$1,165,476
Single Family (1-4 Units):Site-Built	45	$27,345,000	$607,667