First Bank Of Highland Park Mortgage Rates, Fees & Info
Highland Park, ILLEI: 5493005SBCJ71Z4XVY11
Tax ID: 36-2304516
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Mortgage Data
Review & Overview
First Bank Of Highland Park is a smaller bank specializing in Home Purchase and Refi loans. First Bank Of Highland Park has a high proportion of conventional loans. Their top (well, only) market is Chicago.First Bank Of Highland Park 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
5Origination Dollar Volume (All Markets)
$10,485,000Top 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) | 5 | $10,485,000 | $2,097,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 5 | $10,485,000 | $2,097,000 | $0 | 0.00% |
For 2023, First Bank Of Highland Park's most frequently originated type of loan was Conventional, with 5 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 3 | $8,325,000 | $2,775,000 | $0 | 0.00% |
| Refi | 2 | $2,160,000 | $1,080,000 | $0 | 0.00% |
For 2023, First Bank Of Highland Park's most frequently cited loan purpose was Home Purchase, with 3 originations. The 2nd most popular reason was Refi, with 2 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 5 | $10,485,000 | $2,097,000 | $0 | 0.00% |
For 2023, First Bank Of Highland Park's most frequently cited loan duration was Other, with 5 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $1MM+ | 2 | $8,340,000 | $4,170,000 | $0 | 0.00% |
| $600k-1MM | 2 | $1,820,000 | $910,000 | $0 | 0.00% |
| $200k-400k | 1 | $325,000 | $325,000 | $0 | 0.00% |
2023 saw First Bank Of Highland Park place emphasis on $1MM+ loans with 2 originations, totaling $8,340,000 in origination value.
Applicant Income
| Applicant Income | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $250k+ | 1 | $325,000 | $325,000 | $0 | 0.00% |
First Bank Of Highland Park lent most frequently to those with incomes in the $250k+ range, with 1 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 5 | $10,485,000 | $2,097,000 | $0 | 0.00% |
First Bank Of Highland Park lent most frequently to those with DTI ratios of Exempt%, with 5 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Not applicable | 3 | $8,325,000 | $2,775,000 | $0 | 0.00% |
| White | 2 | $2,160,000 | $1,080,000 | $0 | 0.00% |
Approval Rates
Total approvals of all applications100.00%
First Bank Of Highland Park has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination60.00%
First Bank Of Highland Park has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 5 | $10,485,000 | $2,097,000 |