Bankfinancial Mortgage Rates, Fees & Info
Olympia Fields, ILLEI: 54930061HIZ1MCMEOR72
Tax ID: 36-1570375
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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, Dallas, Tampa, Virginia Beach, and Deltona among others. We have data for 22 markets. (Some data included below & more in-depth data is available with an active subscription.)Bankfinancial has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders.
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Originations
236Origination Dollar Volume (All Markets)
$227,980,000Top 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) | 160 | $120,940,000 | $755,875 | $0 | 0.00% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 11 | $23,865,000 | $2,169,545 | $0 | 0.00% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 16 | $20,640,000 | $1,290,000 | $0 | 0.00% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 5 | $8,995,000 | $1,799,000 | $0 | 0.00% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 4 | $6,940,000 | $1,735,000 | $0 | 0.00% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 3 | $5,455,000 | $1,818,333 | $0 | 0.00% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 2 | $4,660,000 | $2,330,000 | $0 | 0.00% |
| ASHEVILLE, NC (FHA|USDA|VA) | 2 | $4,560,000 | $2,280,000 | $0 | 0.00% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 4 | $4,390,000 | $1,097,500 | $0 | 0.00% |
| OCALA, FL (FHA|USDA|VA) | 2 | $3,610,000 | $1,805,000 | $0 | 0.00% |
| JACKSONVILLE, NC (FHA|USDA|VA) | 2 | $3,480,000 | $1,740,000 | $0 | 0.00% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 5 | $3,355,000 | $671,000 | $0 | 0.00% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 4 | $3,300,000 | $825,000 | $0 | 0.00% |
| TALLAHASSEE, FL (FHA|USDA|VA) | 2 | $3,190,000 | $1,595,000 | $0 | 0.00% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 3 | $2,425,000 | $808,333 | $0 | 0.00% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 1 | $2,005,000 | $2,005,000 | $0 | 0.00% |
| LOUISVILLE, KY (FHA|USDA|VA) | 2 | $1,920,000 | $960,000 | $0 | 0.00% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 2 | $1,240,000 | $620,000 | $0 | 0.00% |
| Outside of Metro Areas | 3 | $1,095,000 | $365,000 | $0 | 0.00% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 1 | $755,000 | $755,000 | $0 | 0.00% |
| GREENVILLE, NC (FHA|USDA|VA) | 1 | $605,000 | $605,000 | $0 | 0.00% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 1 | $555,000 | $555,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 236 | $227,980,000 | $966,017 | $0 | 0.00% |
For 2022, Bankfinancial's most frequently originated type of loan was Conventional, with 236 originations.
Loan Reason
For 2022, Bankfinancial's most frequently cited loan purpose was Home Purchase, with 179 originations. The 2nd most popular reason was Refi, with 56 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 236 | $227,980,000 | $966,017 | $0 | 0.00% |
For 2022, Bankfinancial's most frequently cited loan duration was Other, with 236 originations.
Loan Sizing
2022 saw Bankfinancial place emphasis on $1MM+ loans with 61 originations, totaling $151,365,000 in origination value.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 236 | $227,980,000 | $966,017 | $0 | 0.00% |
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Not applicable | 236 | $227,980,000 | $966,017 | $0 | 0.00% |
Approval Rates
Total approvals of all applications96.18%
Bankfinancial has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination93.22%
Bankfinancial has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 236 | $227,980,000 | $966,017 |
Complaints
| Bank Name | Product | Issue | 2022 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| BANK OF AMERICA, NATIONAL ASSOCIATION | Home equity loan or line of credit (HELOC) | Trouble during payment process | 1 | 6.7% |
| BANK OF AMERICA, NATIONAL ASSOCIATION | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 3 | 20.0% |
| BANK OF AMERICA, NATIONAL ASSOCIATION | Conventional home mortgage | Closing on a mortgage | 1 | 6.7% |
| BANK OF AMERICA, NATIONAL ASSOCIATION | Conventional home mortgage | Struggling to pay mortgage | 1 | 6.7% |
| BANK OF AMERICA, NATIONAL ASSOCIATION | Conventional home mortgage | Trouble during payment process | 7 | 46.7% |
| BANK OF AMERICA, NATIONAL ASSOCIATION | FHA mortgage | Struggling to pay mortgage | 1 | 6.7% |
| BANK OF AMERICA, NATIONAL ASSOCIATION | Home equity loan or line of credit (HELOC) | Struggling to pay mortgage | 1 | 6.7% |