Bank Of Calhoun County Mortgage Rates, Fees & Info
H, ILLEI: 5493007BMZRJFTKKNV74
Tax ID: 37-0165390
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Mortgage Data
Review & Overview
Bank Of Calhoun County is a smaller bank specializing in Home Purchase loans. Bank Of Calhoun County has a high proportion of conventional loans. Bank Of Calhoun County has a low ratio of conventional loans. Their top two markets are St. Louis and Jacksonville .Bank Of Calhoun County has an above average approval rate when compared to the average across all lenders.
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Originations
25Origination Dollar Volume (All Markets)
$3,605,000Top 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 |
|---|---|---|---|---|---|
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 22 | $2,770,000 | $125,909 | $1,227 | 5.53% |
| Outside of Metro Areas | 2 | $730,000 | $365,000 | $0 | 0.00% |
| Jacksonville, IL (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 23 | $3,465,000 | $150,652 | $0 | 0.00% |
| Conventional | 2 | $140,000 | $70,000 | $1,227 | 5.53% |
For 2023, Bank Of Calhoun County's most frequently originated type of loan was Conventional, with 23 originations. Their 2nd most popular type was Conventional, with 2 originations.
Loan Reason
For 2023, Bank Of Calhoun County's most frequently cited loan purpose was Home Purchase, with 16 originations. The 2nd most popular reason was Home Improvement, with 4 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 25 | $3,605,000 | $144,200 | $1,227 | 5.53% |
For 2023, Bank Of Calhoun County's most frequently cited loan duration was Other, with 25 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 2 | $140,000 | $70,000 |
Bank Of Calhoun County's average total fees were $0, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 2 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 4-5% | 1 | $95,000 | $95,000 |
| 6-7% | 1 | $45,000 | $45,000 |
During 2023, Bank Of Calhoun County's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 4-5%, with 1 originations.
Loan Sizing
2023 saw Bank Of Calhoun County place emphasis on $100,000 or less loans with 15 originations, totaling $885,000 in origination value.
Applicant Income
Bank Of Calhoun County lent most frequently to those with incomes in the $50k-75k range, with 7 originations. The second most popular income band? $100k-150k, with 5 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 23 | $3,465,000 | $150,652 | $0 | 0.00% |
Bank Of Calhoun County lent most frequently to those with DTI ratios of Exempt%, with 23 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 25 | $3,605,000 | $144,200 | $1,227 | 5.53% |
Approval Rates
Total approvals of all applications96.15%
Bank Of Calhoun County has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to originationPoints and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 23 | $3,465,000 | $150,652 |
| NA | 2 | $140,000 | $70,000 |