West Town Bank & Trust Mortgage Rates, Fees & Info
North Riverside, ILLEI: 5493009ZQ1VZ1HZCL108
Tax ID: 36-1950478
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Mortgage Data
Review & Overview
West Town Bank & Trust is a smaller bank specializing in Home Purchase loans. West Town Bank & Trust has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Baltimore, Morehead City, Washington, Chicago, and Virginia Beach among others. We have data for 59 markets. (Some data included below & more in-depth data is available with an active subscription.)West Town Bank & Trust 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. West Town Bank & Trust is typically a high fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.
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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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.66% | 11/22/24 |
| 30 Year Conventional Refi | 6.58% | 11/22/24 |
| 30 Year Cash-out Refi | 6.79% | 11/22/24 |
| 30 Year FHA Purchase | 7.19% | 11/22/24 |
| 30 Year FHA Refi | 7.29% | 11/22/24 |
| 30 Year VA Purchase | 6.31% | 11/22/24 |
| 30 Year VA Refi | 5.82% | 11/22/24 |
| 30 Year USDA Purchase | 6.60% | 11/22/24 |
| 15 Year Conventional Purchase | 6.32% | 11/22/24 |
| These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates. | ||
West Town Bank & Trust Mortgage Calculator
Your Estimates
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
291Origination Dollar Volume (All Markets)
$90,535,000Awards
West Town Bank & Trust - 2022
West Town Bank & Trust is a 2022 , due to their low .
For 2022, less than of lenders were eligible for this award.
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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 |
|---|---|---|---|---|---|
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 88 | $25,840,000 | $293,636 | $8,300 | 4.82% |
| Morehead City, NC (FHA|USDA|VA) | 28 | $8,460,000 | $302,143 | $5,362 | 4.58% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 12 | $5,820,000 | $485,000 | $12,363 | 5.16% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 15 | $5,115,000 | $341,000 | $13,680 | 4.88% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 10 | $3,840,000 | $384,000 | $14,983 | 4.75% |
| NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) | 10 | $3,090,000 | $309,000 | $10,694 | 4.40% |
| MOBILE, AL (FHA|USDA|VA) | 11 | $2,905,000 | $264,091 | $7,500 | 4.87% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 8 | $2,770,000 | $346,250 | $8,157 | 4.67% |
| Elizabeth City, NC (FHA|USDA|VA) | 11 | $2,735,000 | $248,636 | $9,144 | 4.33% |
| Outside of Metro Areas | 6 | $1,950,000 | $325,000 | $12,332 | 3.90% |
| FAYETTEVILLE, NC (FHA|USDA|VA) | 9 | $1,935,000 | $215,000 | $7,218 | 5.43% |
| JACKSONVILLE, NC (FHA|USDA|VA) | 5 | $1,675,000 | $335,000 | $8,618 | 4.75% |
| BARNSTABLE TOWN, MA (FHA|USDA|VA) | 3 | $1,655,000 | $551,667 | $9,512 | 3.58% |
| WILMINGTON, NC (FHA|USDA|VA) | 6 | $1,640,000 | $273,333 | $8,359 | 4.33% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 3 | $1,085,000 | $361,667 | $15,700 | 4.83% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 2 | $1,040,000 | $520,000 | $14,192 | 5.50% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 5 | $945,000 | $189,000 | $3,848 | 3.83% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 2 | $910,000 | $455,000 | $13,247 | 4.81% |
| HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) | 4 | $850,000 | $212,500 | $8,364 | 4.25% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 3 | $815,000 | $271,667 | $7,636 | 4.42% |
| LOUISVILLE, KY (FHA|USDA|VA) | 3 | $805,000 | $268,333 | $8,524 | 4.08% |
| Port Angeles, WA (FHA|USDA|VA) | 2 | $800,000 | $400,000 | $11,938 | 4.00% |
| Key West, FL (FHA|USDA|VA) | 1 | $715,000 | $715,000 | $18,433 | 4.75% |
| ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) | 1 | $645,000 | $645,000 | $7,192 | 4.50% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 2 | $630,000 | $315,000 | $5,514 | 4.19% |
| CUMBERLAND, MD-WV (FHA|USDA|VA) | 2 | $630,000 | $315,000 | $8,044 | 4.81% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 2 | $620,000 | $310,000 | $12,931 | 4.00% |
| NEW HAVEN-MILFORD, CT (FHA|USDA|VA) | 1 | $585,000 | $585,000 | $25,899 | 4.63% |
| HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) | 2 | $580,000 | $290,000 | $4,164 | 5.06% |
| NEW BERN, NC (FHA|USDA|VA) | 3 | $565,000 | $188,333 | $5,677 | 4.88% |
| Coos Bay, OR (FHA|USDA|VA) | 1 | $545,000 | $545,000 | $13,812 | 4.75% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 1 | $535,000 | $535,000 | $21,599 | 4.25% |
| RICHMOND, VA (FHA|USDA|VA) | 2 | $500,000 | $250,000 | $5,018 | 6.44% |
| Pinehurst-Southern Pines, NC (FHA|USDA|VA) | 1 | $495,000 | $495,000 | $4,324 | 3.13% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $4,683 | 4.88% |
| GREENVILLE, NC (FHA|USDA|VA) | 2 | $440,000 | $220,000 | $3,649 | 5.88% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $11,370 | 6.25% |
| OSHKOSH-NEENAH, WI (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $11,669 | 3.75% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $5,934 | 3.38% |
| CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $9,984 | 4.75% |
| Sevierville, TN (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $7,809 | 5.88% |
| PITTSBURGH, PA (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $5,960 | 5.00% |
| JACKSON, MS (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $14,148 | 5.25% |
| Traverse City, MI (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $8,519 | 5.13% |
| WACO, TX (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $9,536 | 4.75% |
| GREEN BAY, WI (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $5,982 | 5.00% |
| LYNCHBURG, VA (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $3,065 | 6.38% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $2,612 | 3.50% |
| Wilson, NC (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $4,009 | 6.00% |
| YORK-HANOVER, PA (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $9,612 | 5.00% |
| GETTYSBURG, PA (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $6,017 | 4.50% |
| Farmington, MO (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $12,228 | 5.25% |
| WINSTON-SALEM, NC (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $4,536 | 3.75% |
| VINELAND-BRIDGETON, NJ (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $8,499 | 4.25% |
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $3,790 | 3.88% |
| CHAMBERSBURG-WAYNESBORO, PA (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $3,141 | 5.13% |
| GULFPORT-BILOXI, MS (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $3,379 | 4.63% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $3,530 | 2.50% |
| FLORENCE, SC (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 4.00% |
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We use machine learning to identify the top lenders compared against West Town Bank & Trust based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
For 2022, West Town Bank & Trust's most frequently originated type of loan was Conventional, with 159 originations. Their 2nd most popular type was VA, with 96 originations.
Loan Reason
For 2022, West Town Bank & Trust's most frequently cited loan purpose was Home Purchase, with 239 originations. The 2nd most popular reason was Cash Out Refi, with 27 originations.
Loan Duration/Length
For 2022, West Town Bank & Trust's most frequently cited loan duration was 30 Year, with 277 originations. The 2nd most popular length was 3 Year, with 6 originations.
Origination Fees/Closing Costs
West Town Bank & Trust's average total fees were $8,847, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 69 originations.
Interest Rates
During 2022, West Town Bank & Trust's average interest rate for loans was 4.72%, while their most frequently originated rate bucket for loans was 4-5%, with 112 originations.
Loan Sizing
2022 saw West Town Bank & Trust place emphasis on $200k-400k loans with 176 originations, totaling $51,740,000 in origination value.
Applicant Income
West Town Bank & Trust lent most frequently to those with incomes in the $75k-100k range, with 76 originations. The second most popular income band? $50k-75k, with 72 originations.
Applicant Debt to Income Ratio
West Town Bank & Trust lent most frequently to those with DTI ratios of 30-36%, with 47 originations. The next most common DTI ratio? 20-30%, with 37 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications97.90%
West Town Bank & Trust has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination87.97%
West Town Bank & Trust has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 291 | $90,535,000 | $311,117 |