First Bank Of Highland Park Mortgage Rates, Fees & Info

Highland Park, IL

LEI: 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

5

Origination Dollar Volume (All Markets)

$10,485,000

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) 5 $10,485,000 $2,097,000 $0 0.00%
First Bank Of Highland Park's top markets include and Chicago among others.

Their top states include:
  • Illinois (FHA|USDA|VA)
  • 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 applications
    100.00%

    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 origination
    60.00%

    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

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    5 $10,485,000 $2,097,000