Hoyne Savings Bank Mortgage Rates, Fees & Info

Chicago, IL

LEI: 549300B92DSVIKGP5T53

Tax ID: 36-1241755

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Mortgage Data

Review & Overview

Hoyne Savings Bank is a smaller bank specializing in Refi and Home Purchase loans. Hoyne Savings Bank has a high proportion of conventional loans. Their top (well, only) market is Chicago.

Hoyne Savings Bank 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

51

Origination Dollar Volume (All Markets)

$8,805,000

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) 51 $8,805,000 $172,647 $0 0.00%
Hoyne Savings Bank's top markets include and Chicago among others.

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

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 51 $8,805,000 $172,647 $0 0.00%

    For 2022, Hoyne Savings Bank's most frequently originated type of loan was Conventional, with 51 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 21 $4,255,000 $202,619 $0 0.00%
    Home Purchase 17 $3,915,000 $230,294 $0 0.00%
    Home Improvement 11 $555,000 $50,455 $0 0.00%
    Other 2 $80,000 $40,000 $0 0.00%

    For 2022, Hoyne Savings Bank's most frequently cited loan purpose was Refi, with 21 originations. The 2nd most popular reason was Home Purchase, with 17 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 51 $8,805,000 $172,647 $0 0.00%

    For 2022, Hoyne Savings Bank's most frequently cited loan duration was Other, with 51 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 17 $625,000 $36,765 $0 0.00%
    $200k-400k 17 $4,865,000 $286,176 $0 0.00%
    $100k-200k 15 $2,135,000 $142,333 $0 0.00%
    $400k-600k 1 $545,000 $545,000 $0 0.00%
    $600k-1MM 1 $635,000 $635,000 $0 0.00%

    2022 saw Hoyne Savings Bank place emphasis on $100,000 or less loans with 17 originations, totaling $625,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 13 $2,365,000 $181,923 $0 0.00%
    $150k-250k 10 $2,220,000 $222,000 $0 0.00%
    $75k-100k 10 $1,520,000 $152,000 $0 0.00%
    $50k-75k 9 $1,775,000 $197,222 $0 0.00%
    $50k or less 6 $380,000 $63,333 $0 0.00%
    $250k+ 1 $185,000 $185,000 $0 0.00%

    Hoyne Savings Bank lent most frequently to those with incomes in the $100k-150k range, with 13 originations. The second most popular income band? $150k-250k, with 10 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 51 $8,805,000 $172,647 $0 0.00%

    Hoyne Savings Bank lent most frequently to those with DTI ratios of Exempt%, with 51 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 46 $7,400,000 $160,870 $0 0.00%
    Not provided 2 $850,000 $425,000 $0 0.00%
    Not applicable 2 $360,000 $180,000 $0 0.00%
    Asian 1 $195,000 $195,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    96.88%

    Hoyne Savings Bank 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
    96.08%

    Hoyne Savings Bank has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 51 $8,805,000 $172,647

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    51 $8,805,000 $172,647