First Bank Of Highland Park Mortgage Rates, Fees & Info

Highland Park, IL

LEI: 5493005SBCJ71Z4XVY11

Tax ID: 36-2304516

Latest/2022 | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

Review & Overview

First Bank Of Highland Park is a smaller bank specializing in Home Purchase 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

20

Origination Dollar Volume (All Markets)

$38,620,000

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) 20 $38,620,000 $1,931,000 $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 20 $38,620,000 $1,931,000 $0 0.00%

    For 2022, First Bank Of Highland Park's most frequently originated type of loan was Conventional, with 20 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 16 $34,350,000 $2,146,875 $0 0.00%
    Refi 3 $3,665,000 $1,221,667 $0 0.00%
    Home Improvement 1 $605,000 $605,000 $0 0.00%

    For 2022, First Bank Of Highland Park's most frequently cited loan purpose was Home Purchase, with 16 originations. The 2nd most popular reason was Refi, with 3 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 20 $38,620,000 $1,931,000 $0 0.00%

    For 2022, First Bank Of Highland Park's most frequently cited loan duration was Other, with 20 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $600k-1MM 9 $6,825,000 $758,333 $0 0.00%
    $1MM+ 8 $30,550,000 $3,818,750 $0 0.00%
    $200k-400k 2 $650,000 $325,000 $0 0.00%
    $400k-600k 1 $595,000 $595,000 $0 0.00%

    2022 saw First Bank Of Highland Park place emphasis on $600k-1MM loans with 9 originations, totaling $6,825,000 in origination value.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 20 $38,620,000 $1,931,000 $0 0.00%

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 19 $37,405,000 $1,968,684 $0 0.00%
    White 1 $1,215,000 $1,215,000 $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
    85.00%

    First Bank Of Highland Park has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 20 $38,620,000 $1,931,000

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    20 $38,620,000 $1,931,000

    Complaints

    Bank Name Product Issue 2022 CPFB Complaints % of Total Issues
    FIRST CITIZENS BANCSHARES, INC. Home equity loan or line of credit (HELOC) Applying for a mortgage or refinancing an existing mortgage 1 100.0%