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, Naples, New York, Phoenix, and Jackson among others. We have data for 19 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
89Origination Dollar Volume (All Markets)
$78,275,000Top 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) | 56 | $42,140,000 | $752,500 | $0 | 0.00% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 9 | $8,975,000 | $997,222 | $0 | 0.00% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 1 | $8,005,000 | $8,005,000 | $0 | 0.00% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 5 | $5,975,000 | $1,195,000 | $0 | 0.00% |
| Jackson, WY-ID (FHA|USDA|VA) | 1 | $3,405,000 | $3,405,000 | $0 | 0.00% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 2 | $1,370,000 | $685,000 | $0 | 0.00% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 2 | $1,230,000 | $615,000 | $0 | 0.00% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 1 | $905,000 | $905,000 | $0 | 0.00% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 1 | $825,000 | $825,000 | $0 | 0.00% |
| GRAND FORKS, ND-MN (FHA|USDA|VA) | 1 | $795,000 | $795,000 | $0 | 0.00% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 1 | $765,000 | $765,000 | $0 | 0.00% |
| GREEN BAY, WI (FHA|USDA|VA) | 2 | $730,000 | $365,000 | $0 | 0.00% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 1 | $675,000 | $675,000 | $0 | 0.00% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 1 | $665,000 | $665,000 | $0 | 0.00% |
| BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) | 1 | $545,000 | $545,000 | $0 | 0.00% |
| Whitewater, WI (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $0 | 0.00% |
| Kalispell, MT (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $0 | 0.00% |
| BLOOMINGTON, IL (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $0 | 0.00% |
| Galesburg, IL (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 89 | $78,275,000 | $879,494 | $0 | 0.00% |
For 2022, Lake Forest Bank & Trust's most frequently originated type of loan was Conventional, with 89 originations.
Loan Reason
For 2022, Lake Forest Bank & Trust's most frequently cited loan purpose was Home Purchase, with 56 originations. The 2nd most popular reason was Refi, with 17 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 89 | $78,275,000 | $879,494 | $0 | 0.00% |
For 2022, Lake Forest Bank & Trust's most frequently cited loan duration was Other, with 89 originations.
Loan Sizing
2022 saw Lake Forest Bank & Trust place emphasis on $600k-1MM loans with 29 originations, totaling $22,675,000 in origination value.
Applicant Income
Lake Forest Bank & Trust lent most frequently to those with incomes in the $250k+ range, with 31 originations. The second most popular income band? $150k-250k, with 22 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 89 | $78,275,000 | $879,494 | $0 | 0.00% |
Lake Forest Bank & Trust lent most frequently to those with DTI ratios of Exempt%, with 89 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications97.48%
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 origination76.40%
Lake Forest Bank & Trust has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 89 | $78,275,000 | $879,494 |