First State Bank Of Forrest Mortgage Rates, Fees & Info
Forrest, ILLEI: 549300DNRGCN05KNA737
Tax ID: 37-0275030
Latest/2023 | 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, Peoria, Champaign, Bloomington, and Chicago among others. We have data for 18 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
271Origination Dollar Volume (All Markets)
$26,855,000Top 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) | 115 | $9,835,000 | $85,522 | $0 | 0.00% |
| Outside of Metro Areas | 49 | $4,095,000 | $83,571 | $0 | 0.00% |
| PEORIA, IL (FHA|USDA|VA) | 49 | $3,965,000 | $80,918 | $0 | 0.00% |
| CHAMPAIGN-URBANA, IL (FHA|USDA|VA) | 17 | $3,055,000 | $179,706 | $0 | 0.00% |
| BLOOMINGTON, IL (FHA|USDA|VA) | 20 | $2,910,000 | $145,500 | $0 | 0.00% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 6 | $1,550,000 | $258,333 | $0 | 0.00% |
| Show Low, AZ (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $0 | 0.00% |
| DECATUR, IL (FHA|USDA|VA) | 2 | $290,000 | $145,000 | $0 | 0.00% |
| Sterling, IL (FHA|USDA|VA) | 3 | $245,000 | $81,667 | $0 | 0.00% |
| SPRINGFIELD, IL (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 0.00% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 0.00% |
| Murray, KY (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 0.00% |
| DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 0.00% |
| Ottawa, IL (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 0.00% |
| KANKAKEE, IL (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 0.00% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 0.00% |
| DANVILLE, IL (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 0.00% |
| CARBONDALE-MARION, IL (FHA|USDA|VA) | 1 | $15,000 | $15,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 271 | $26,855,000 | $99,096 | $0 | 0.00% |
For 2022, First State Bank Of Forrest's most frequently originated type of loan was Conventional, with 271 originations.
Loan Reason
For 2022, First State Bank Of Forrest's most frequently cited loan purpose was Home Purchase, with 154 originations. The 2nd most popular reason was Home Improvement, with 50 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 271 | $26,855,000 | $99,096 | $0 | 0.00% |
For 2022, First State Bank Of Forrest's most frequently cited loan duration was Other, with 271 originations.
Loan Sizing
2022 saw First State Bank Of Forrest place emphasis on $100,000 or less loans with 175 originations, totaling $7,675,000 in origination value.
Applicant Income
First State Bank Of Forrest lent most frequently to those with incomes in the $50k-75k range, with 61 originations. The second most popular income band? $50k or less, with 57 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications99.30%
First State Bank Of Forrest has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination95.94%
First State Bank Of Forrest 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 |
|---|---|---|---|
| NA | 271 | $26,855,000 | $99,096 |
Complaints
| Bank Name | Product | Issue | 2022 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| FIRST CITIZENS BANCSHARES, INC. | Home equity loan or line of credit (HELOC) | Applying for a mortgage or refinancing an existing mortgage | 1 | 100.0% |