Havana National Bank Mortgage Rates, Fees & Info
Havana, ILLEI: 549300BO5UTSDB76V724
Tax ID: 37-0317760
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Havana National Bank is a smaller bank specializing in Home Purchase loans. Havana National Bank has a high proportion of conventional loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Peoria, Bloomington, Springfield, and Lincoln among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)Havana National Bank has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.
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Originations
28Origination Dollar Volume (All Markets)
$3,680,000Top 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 |
|---|---|---|---|---|---|
| PEORIA, IL (FHA|USDA|VA) | 12 | $1,540,000 | $128,333 | $0 | 0.00% |
| Outside of Metro Areas | 11 | $1,105,000 | $100,455 | $0 | 0.00% |
| BLOOMINGTON, IL (FHA|USDA|VA) | 3 | $685,000 | $228,333 | $0 | 0.00% |
| SPRINGFIELD, IL (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $0 | 0.00% |
| Lincoln, IL (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 27 | $3,635,000 | $134,630 | $0 | 0.00% |
| USDA | 1 | $45,000 | $45,000 | $0 | 0.00% |
For 2023, Havana National Bank's most frequently originated type of loan was Conventional, with 27 originations. Their 2nd most popular type was USDA, with 1 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 20 | $2,520,000 | $126,000 | $0 | 0.00% |
| Cash Out Refi | 6 | $500,000 | $83,333 | $0 | 0.00% |
| Refi | 2 | $660,000 | $330,000 | $0 | 0.00% |
For 2023, Havana National Bank's most frequently cited loan purpose was Home Purchase, with 20 originations. The 2nd most popular reason was Cash Out Refi, with 6 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 28 | $3,680,000 | $131,429 | $0 | 0.00% |
For 2023, Havana National Bank's most frequently cited loan duration was Other, with 28 originations.
Loan Sizing
2023 saw Havana National Bank place emphasis on $100,000 or less loans with 11 originations, totaling $555,000 in origination value.
Applicant Income
Havana National Bank lent most frequently to those with incomes in the $50k-75k range, with 8 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% | 28 | $3,680,000 | $131,429 | $0 | 0.00% |
Havana National Bank lent most frequently to those with DTI ratios of Exempt%, with 28 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications88.37%
Havana National Bank has an average approval rate.
Pick Rate
Approvals leading to origination85.71%
Havana National Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 28 | $3,680,000 | $131,429 |