First State Bank Of Forrest Mortgage Rates, Fees & Info

Forrest, IL

LEI: 549300DNRGCN05KNA737

Tax ID: 37-0275030

Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

Review & Overview

First State Bank Of Forrest is a smaller bank specializing in Home Purchase loans. First State Bank Of Forrest has a high proportion of conventional loans. Their top markets by origination volume include: Pontiac, Champaign, Peoria, Chicago, and Bloomington among others. We have data for 15 markets. (Some data included below & more in-depth data is available with an active subscription.)

First State Bank Of Forrest 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

221

Origination Dollar Volume (All Markets)

$24,865,000

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
Pontiac, IL (FHA|USDA|VA) 94 $7,070,000 $75,213 $0 0.00%
CHAMPAIGN-URBANA, IL (FHA|USDA|VA) 18 $3,220,000 $178,889 $0 0.00%
Outside of Metro Areas 36 $2,980,000 $82,778 $0 0.00%
PEORIA, IL (FHA|USDA|VA) 34 $2,870,000 $84,412 $0 0.00%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 9 $2,505,000 $278,333 $0 0.00%
BLOOMINGTON, IL (FHA|USDA|VA) 18 $2,270,000 $126,111 $0 0.00%
FORT WAYNE, IN (FHA|USDA|VA) 4 $1,600,000 $400,000 $0 0.00%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 1 $505,000 $505,000 $0 0.00%
CLARKSVILLE, TN-KY (FHA|USDA|VA) 1 $475,000 $475,000 $0 0.00%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 1 $465,000 $465,000 $0 0.00%
SPRINGFIELD, IL (FHA|USDA|VA) 1 $365,000 $365,000 $0 0.00%
WAUSAU-WESTON, WI (FHA|USDA|VA) 1 $215,000 $215,000 $0 0.00%
Charleston-Mattoon, IL (FHA|USDA|VA) 1 $125,000 $125,000 $0 0.00%
Auburn, IN (FHA|USDA|VA) 1 $105,000 $105,000 $0 0.00%
DANVILLE, IL (FHA|USDA|VA) 1 $95,000 $95,000 $0 0.00%
First State Bank Of Forrest's top markets include Pontiac, Champaign, Peoria, Chicago, and Bloomington among others.

Their top states include:
  • Illinois (FHA|USDA|VA)
  • Indiana (FHA|USDA|VA)
  • Arizona (FHA|USDA|VA)
  • Kentucky (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 221 $24,865,000 $112,511 $0 0.00%

    For 2024, First State Bank Of Forrest's most frequently originated type of loan was Conventional, with 221 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 117 $18,055,000 $154,316 $0 0.00%
    Home Improvement 43 $2,135,000 $49,651 $0 0.00%
    Cash Out Refi 28 $1,440,000 $51,429 $0 0.00%
    Refi 19 $2,185,000 $115,000 $0 0.00%
    Other 14 $1,050,000 $75,000 $0 0.00%

    For 2024, First State Bank Of Forrest's most frequently cited loan purpose was Home Purchase, with 117 originations. The 2nd most popular reason was Home Improvement, with 43 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 221 $24,865,000 $112,511 $0 0.00%

    For 2024, First State Bank Of Forrest's most frequently cited loan duration was Other, with 221 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 137 $6,065,000 $44,270 $0 0.00%
    $100k-200k 43 $6,085,000 $141,512 $0 0.00%
    $200k-400k 31 $7,675,000 $247,581 $0 0.00%
    $400k-600k 9 $4,365,000 $485,000 $0 0.00%
    $600k-1MM 1 $675,000 $675,000 $0 0.00%

    2024 saw First State Bank Of Forrest place emphasis on $100,000 or less loans with 137 originations, totaling $6,065,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 52 $6,240,000 $120,000 $0 0.00%
    $50k or less 44 $2,560,000 $58,182 $0 0.00%
    $50k-75k 35 $2,715,000 $77,571 $0 0.00%
    $75k-100k 35 $3,115,000 $89,000 $0 0.00%
    $150k-250k 28 $5,530,000 $197,500 $0 0.00%
    $250k+ 6 $1,690,000 $281,667 $0 0.00%

    First State Bank Of Forrest lent most frequently to those with incomes in the $100k-150k range, with 52 originations. The second most popular income band? $50k or less, with 44 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 221 $24,865,000 $112,511 $0 0.00%

    First State Bank Of Forrest lent most frequently to those with DTI ratios of Exempt%, with 221 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 191 $20,085,000 $105,157 $0 0.00%
    Not applicable 18 $2,830,000 $157,222 $0 0.00%
    Asian Indian 2 $1,010,000 $505,000 $0 0.00%
    Black 5 $615,000 $123,000 $0 0.00%
    American Indian 3 $225,000 $75,000 $0 0.00%
    Asian 1 $85,000 $85,000 $0 0.00%
    Other Asian 1 $15,000 $15,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    92.97%

    First State Bank Of Forrest has an average approval rate.

    Pick Rate

    Approvals leading to origination
    92.76%

    First State Bank Of Forrest has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 221 $24,865,000 $112,511

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    221 $24,865,000 $112,511