First Eagle Bank Mortgage Rates, Fees & Info
HANOVER PARK, ILLEI: 549300DYVAMYTMH9UV09
Tax ID: 36-3318512
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Mortgage Data
Review & Overview
First Eagle Bank is a smaller bank specializing in Home Purchase and Refi loans. First Eagle Bank has a high proportion of conventional loans. Their top markets by origination volume include: Chicago, Breckenridge, Miami, and North Port among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)First Eagle 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
76Origination Dollar Volume (All Markets)
$62,050,000Top 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 |
|---|---|---|---|---|---|
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 73 | $60,965,000 | $835,137 | $0 | 0.00% |
| Breckenridge, CO (FHA|USDA|VA) | 1 | $585,000 | $585,000 | $0 | 0.00% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 0.00% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 76 | $62,050,000 | $816,447 | $0 | 0.00% |
For 2018, First Eagle Bank's most frequently originated type of loan was Conventional, with 76 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 46 | $40,530,000 | $881,087 | $0 | 0.00% |
| Refi | 21 | $17,025,000 | $810,714 | $0 | 0.00% |
| Home Improvement | 9 | $4,495,000 | $499,444 | $0 | 0.00% |
For 2018, First Eagle Bank's most frequently cited loan purpose was Home Purchase, with 46 originations. The 2nd most popular reason was Refi, with 21 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 76 | $62,050,000 | $816,447 | $0 | 0.00% |
For 2018, First Eagle Bank's most frequently cited loan duration was Other, with 76 originations.
Loan Sizing
2018 saw First Eagle Bank place emphasis on $400k-600k loans with 19 originations, totaling $9,715,000 in origination value.
Applicant Income
First Eagle Bank lent most frequently to those with incomes in the $150k-250k range, with 6 originations. The second most popular income band? $100k-150k, with 4 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 76 | $62,050,000 | $816,447 | $0 | 0.00% |
First Eagle Bank lent most frequently to those with DTI ratios of Exempt%, with 76 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications88.24%
First Eagle Bank has an average approval rate.
Pick Rate
Approvals leading to origination61.84%
First Eagle Bank has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 76 | $62,050,000 | $816,447 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Multifamily:Site-Built | 20 | $19,760,000 | $988,000 |
| Single Family (1-4 Units):Site-Built | 56 | $42,290,000 | $755,179 |
Complaints
| Bank Name | Product | Issue | 2018 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| FIRST HORIZON BANK | Other type of mortgage | Trouble during payment process | 1 | 7.1% |
| FIRST HORIZON BANK | FHA mortgage | Trouble during payment process | 1 | 7.1% |
| FIRST HORIZON BANK | Conventional home mortgage | Trouble during payment process | 5 | 35.7% |
| FIRST HORIZON BANK | Conventional home mortgage | Struggling to pay mortgage | 3 | 21.4% |
| FIRST HORIZON BANK | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 7.1% |
| FIRST HORIZON BANK | Home equity loan or line of credit (HELOC) | Incorrect information on your report | 1 | 7.1% |
| FIRST HORIZON BANK | Home equity loan or line of credit (HELOC) | Problem with a credit reporting company's investigation into an existing problem | 1 | 7.1% |
| FIRST HORIZON BANK | Home equity loan or line of credit (HELOC) | Trouble during payment process | 1 | 7.1% |