Bankfinancial Mortgage Rates, Fees & Info

Olympia Fields, IL

LEI: 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.

We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

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Originations

69

Origination Dollar Volume (All Markets)

$37,815,000

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) 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%
Bankfinancial's top markets include Chicago, Atlanta, Charlotte, Fayetteville, and Cape Coral among others.

Their top states include:
  • Illinois (FHA|USDA|VA)
  • North Carolina (FHA|USDA|VA)
  • Georgia (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)
  • 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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $600k-1MM 18 $13,580,000 $754,444 $0 0.00%
    $200k-400k 16 $4,720,000 $295,000 $0 0.00%
    $400k-600k 12 $6,090,000 $507,500 $0 0.00%
    $100k-200k 9 $1,405,000 $156,111 $0 0.00%
    $1MM+ 9 $11,725,000 $1,302,778 $0 0.00%
    $100,000 or less 5 $295,000 $59,000 $0 0.00%

    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 applications
    87.50%

    Bankfinancial has an average approval rate.

    Pick Rate

    Approvals leading to origination
    88.41%

    Bankfinancial has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 69 $37,815,000 $548,043

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    69 $37,815,000 $548,043