First State Bank Of Forrest Mortgage Rates, Fees & Info
Forrest, ILLEI: 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
221Origination Dollar Volume (All Markets)
$24,865,000Top 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 |
|---|---|---|---|---|---|
| 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% |
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
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
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
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
Approval Rates
Total approvals of all applications92.97%
First State Bank Of Forrest has an average approval rate.
Pick Rate
Approvals leading to origination92.76%
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 |