Sauk Valley Bank & Trust Company Mortgage Rates, Fees & Info

Sterling, IL

LEI: 549300B6UWNP01JH6452

Tax ID: 36-4253133

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Mortgage Data

Review & Overview

Sauk Valley Bank & Trust Company is a smaller bank specializing in Home Purchase loans. Sauk Valley Bank & Trust Company has a high proportion of conventional loans. Their top markets by origination volume include: Sterling, Dixon, Chicago, Rockford, and Rochelle among others. We have data for 15 markets. (Some data included below & more in-depth data is available with an active subscription.)

Sauk Valley Bank & Trust Company 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

224

Origination Dollar Volume (All Markets)

$32,500,000

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
Sterling, IL (FHA|USDA|VA) 89 $10,225,000 $114,888 $0 0.00%
Dixon, IL (FHA|USDA|VA) 65 $8,285,000 $127,462 $0 0.00%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 23 $6,775,000 $294,565 $0 0.00%
ROCKFORD, IL (FHA|USDA|VA) 17 $1,995,000 $117,353 $0 0.00%
Rochelle, IL (FHA|USDA|VA) 10 $1,620,000 $162,000 $0 0.00%
Whitewater, WI (FHA|USDA|VA) 3 $945,000 $315,000 $0 0.00%
DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA) 5 $645,000 $129,000 $0 0.00%
LANCASTER, PA (FHA|USDA|VA) 1 $495,000 $495,000 $0 0.00%
Outside of Metro Areas 4 $410,000 $102,500 $0 0.00%
Watertown-Fort Atkinson, WI (FHA|USDA|VA) 1 $365,000 $365,000 $0 0.00%
JANESVILLE-BELOIT, WI (FHA|USDA|VA) 2 $250,000 $125,000 $0 0.00%
BLOOMINGTON, IL (FHA|USDA|VA) 1 $205,000 $205,000 $0 0.00%
RACINE, WI (FHA|USDA|VA) 1 $145,000 $145,000 $0 0.00%
Burlington, IA-IL (FHA|USDA|VA) 1 $105,000 $105,000 $0 0.00%
Ottawa, IL (FHA|USDA|VA) 1 $35,000 $35,000 $0 0.00%
Sauk Valley Bank & Trust Company's top markets include Sterling, Dixon, Chicago, Rockford, and Rochelle among others.

Their top states include:
  • Illinois (FHA|USDA|VA)
  • Wisconsin (FHA|USDA|VA)
  • Pennsylvania (FHA|USDA|VA)
  • Iowa (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 224 $32,500,000 $145,089 $0 0.00%

    For 2022, Sauk Valley Bank & Trust Company's most frequently originated type of loan was Conventional, with 224 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 144 $23,460,000 $162,917 $0 0.00%
    Refi 50 $5,580,000 $111,600 $0 0.00%
    Cash Out Refi 14 $1,700,000 $121,429 $0 0.00%
    Other 12 $1,130,000 $94,167 $0 0.00%
    Home Improvement 4 $630,000 $157,500 $0 0.00%

    For 2022, Sauk Valley Bank & Trust Company's most frequently cited loan purpose was Home Purchase, with 144 originations. The 2nd most popular reason was Refi, with 50 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 224 $32,500,000 $145,089 $0 0.00%

    For 2022, Sauk Valley Bank & Trust Company's most frequently cited loan duration was Other, with 224 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 108 $6,200,000 $57,407 $0 0.00%
    $100k-200k 75 $10,675,000 $142,333 $0 0.00%
    $200k-400k 32 $8,780,000 $274,375 $0 0.00%
    $400k-600k 5 $2,315,000 $463,000 $0 0.00%
    $600k-1MM 3 $2,345,000 $781,667 $0 0.00%
    $1MM+ 1 $2,185,000 $2,185,000 $0 0.00%

    2022 saw Sauk Valley Bank & Trust Company place emphasis on $100,000 or less loans with 108 originations, totaling $6,200,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 48 $4,960,000 $103,333 $0 0.00%
    $100k-150k 40 $6,710,000 $167,750 $0 0.00%
    $50k or less 39 $2,795,000 $71,667 $0 0.00%
    $75k-100k 27 $3,995,000 $147,963 $0 0.00%
    $150k-250k 18 $2,890,000 $160,556 $0 0.00%
    $250k+ 11 $4,165,000 $378,636 $0 0.00%

    Sauk Valley Bank & Trust Company lent most frequently to those with incomes in the $50k-75k range, with 48 originations. The second most popular income band? $100k-150k, with 40 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 224 $32,500,000 $145,089 $0 0.00%

    Sauk Valley Bank & Trust Company lent most frequently to those with DTI ratios of Exempt%, with 224 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 180 $24,650,000 $136,944 $0 0.00%
    Not applicable 41 $6,985,000 $170,366 $0 0.00%
    Black 1 $465,000 $465,000 $0 0.00%
    Asian Indian 1 $355,000 $355,000 $0 0.00%
    Not provided 1 $45,000 $45,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    96.73%

    Sauk Valley Bank & Trust Company has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    94.20%

    Sauk Valley Bank & Trust Company has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 224 $32,500,000 $145,089

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    224 $32,500,000 $145,089