Bankfinancial Mortgage Rates, Fees & Info
Olympia Fields, ILLEI: 54930061HIZ1MCMEOR72
Tax ID: 36-1570375
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Bankfinancial is a smaller bank specializing in Home Purchase and Refi loans. Bankfinancial has a high proportion of conventional loans. Their top markets by origination volume include: Chicago, Atlanta, Charlotte, Fayetteville, and Cape Coral among others. We have data for 7 markets. (Some data included below & more in-depth data is available with an active subscription.)Bankfinancial has an 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
69Origination Dollar Volume (All Markets)
$37,815,000Top 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) | 58 | $29,020,000 | $500,345 | $0 | 0.00% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 2 | $2,330,000 | $1,165,000 | $0 | 0.00% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 4 | $1,990,000 | $497,500 | $0 | 0.00% |
| FAYETTEVILLE, NC (FHA|USDA|VA) | 1 | $1,635,000 | $1,635,000 | $0 | 0.00% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 1 | $1,085,000 | $1,085,000 | $0 | 0.00% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 2 | $950,000 | $475,000 | $0 | 0.00% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 1 | $805,000 | $805,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 69 | $37,815,000 | $548,043 | $0 | 0.00% |
For 2023, Bankfinancial's most frequently originated type of loan was Conventional, with 69 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 45 | $22,465,000 | $499,222 | $0 | 0.00% |
| Refi | 24 | $15,350,000 | $639,583 | $0 | 0.00% |
For 2023, Bankfinancial's most frequently cited loan purpose was Home Purchase, with 45 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 | 69 | $37,815,000 | $548,043 | $0 | 0.00% |
For 2023, Bankfinancial's most frequently cited loan duration was Other, with 69 originations.
Loan Sizing
2023 saw Bankfinancial place emphasis on $600k-1MM loans with 18 originations, totaling $13,580,000 in origination value.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 69 | $37,815,000 | $548,043 | $0 | 0.00% |
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Not applicable | 69 | $37,815,000 | $548,043 | $0 | 0.00% |
Approval Rates
Total approvals of all applications87.50%
Bankfinancial has an average approval rate.
Pick Rate
Approvals leading to origination88.41%
Bankfinancial has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 69 | $37,815,000 | $548,043 |