Havana National Bank Mortgage Rates, Fees & Info

Havana, IL

LEI: 549300BO5UTSDB76V724

Tax ID: 37-0317760

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Havana National Bank is a smaller bank specializing in Home Purchase and Cash Out Refi loans. Havana National Bank has a high proportion of conventional loans. Their top two markets are Peoria and Springfield .

    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. Havana National Bank is typically a low 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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    Originations

    30

    Origination Dollar Volume (All Markets)

    $2,860,000

    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
    Outside of Metro Areas 20 $2,030,000 $101,500 $1,166 4.71%
    PEORIA, IL (FHA|USDA|VA) 9 $775,000 $86,111 $1,082 4.56%
    SPRINGFIELD, IL (FHA|USDA|VA) 1 $55,000 $55,000 $0 5.15%
    Havana National Bank's top markets include Peoria and Springfield among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 28 $2,710,000 $96,786 $1,140 4.63%
    HELOC 2 $150,000 $75,000 n/a 5.33%

    For 2018, Havana National Bank's most frequently originated type of loan was Conventional, with 28 originations. Their 2nd most popular type was HELOC, with 2 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 19 $1,365,000 $71,842 $1,152 4.66%
    Cash Out Refi 7 $875,000 $125,000 $1,313 4.73%
    Refi 3 $525,000 $175,000 $807 4.42%
    Home Improvement 1 $95,000 $95,000 $0 5.50%

    For 2018, Havana National Bank's most frequently cited loan purpose was Home Purchase, with 19 originations. The 2nd most popular reason was Cash Out Refi, with 7 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    20 Year 20 $2,070,000 $103,500 $1,139 4.61%
    30 Year 4 $350,000 $87,500 $1,195 4.75%
    15 Year 2 $130,000 $65,000 $1,518 4.25%
    1 Year 2 $150,000 $75,000 $0 5.33%
    10 Year 1 $45,000 $45,000 $0 5.70%
    Other 1 $115,000 $115,000 $552 4.25%

    For 2018, Havana National Bank's most frequently cited loan duration was 20 Year, with 20 originations. The 2nd most popular length was 30 Year, with 4 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 19 $2,205,000 $116,053

    Havana National Bank's average total fees were $1,195, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 19 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 15 $1,045,000 $69,667
    5-6% 8 $440,000 $55,000
    3-4% 7 $1,375,000 $196,429

    During 2018, Havana National Bank's average interest rate for loans was 4.75%, while their most frequently originated rate bucket for loans was 4-5%, with 15 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 20 $1,100,000 $55,000 $1,068 4.92%
    $100k-200k 8 $1,000,000 $125,000 $967 4.25%
    $200k-400k 1 $305,000 $305,000 $2,057 4.00%
    $400k-600k 1 $455,000 $455,000 $2,151 4.00%

    2018 saw Havana National Bank place emphasis on $100,000 or less loans with 20 originations, totaling $1,100,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 11 $725,000 $65,909 $1,175 4.50%
    $100k-150k 5 $395,000 $79,000 $1,199 4.92%
    $50k-75k 5 $405,000 $81,000 $1,059 4.90%
    $150k-250k 4 $910,000 $227,500 $1,753 4.25%
    $75k-100k 4 $350,000 $87,500 $182 4.94%
    $250k+ 1 $75,000 $75,000 $0 5.00%

    Havana National Bank lent most frequently to those with incomes in the $50k or less range, with 11 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
    20-30% 10 $740,000 $74,000 $900 4.77%
    30-36% 10 $960,000 $96,000 $1,158 4.84%
    38% 2 $170,000 $85,000 $1,275 4.38%
    40% 2 $180,000 $90,000 $0 4.25%
    <20% 2 $170,000 $85,000 $1,110 4.63%
    41% 1 $115,000 $115,000 $1,156 4.00%
    36% 1 $45,000 $45,000 $1,229 4.25%
    37% 1 $25,000 $25,000 $0 5.50%
    39% 1 $455,000 $455,000 $2,151 4.00%

    Havana National Bank lent most frequently to those with DTI ratios of 20-30%, with 10 originations. The next most common DTI ratio? 30-36%, with 10 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 30 $2,860,000 $95,333 $1,140 4.68%

    Approval Rates

    Total approvals of all applications
    70.83%

    Havana National Bank has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    86.67%

    Havana National Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 30 $2,860,000 $95,333

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 3 $195,000 $65,000
    Single Family (1-4 Units):Site-Built 27 $2,665,000 $98,704

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 2 $190,000 $95,000 $0 4.85%
    40-60% 1 $145,000 $145,000 $150 4.00%
    60-80% 14 $1,360,000 $97,143 $1,164 4.71%
    80-100% 11 $805,000 $73,182 $1,115 4.68%
    Over 100% 1 $305,000 $305,000 $2,057 4.00%
    Under 20% 1 $55,000 $55,000 $0 5.15%