First Eagle Bank Mortgage Rates, Fees & Info

HANOVER PARK, IL

LEI: 549300DYVAMYTMH9UV09

Tax ID: 36-3318512

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
  • Complaints
  • 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

    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 two markets are Chicago and Niles .

    First Eagle Bank has an above 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

    74

    Origination Dollar Volume (All Markets)

    $66,280,000

    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
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 72 $64,530,000 $896,250 $0 0.00%
    NILES, MI (FHA|USDA|VA) 2 $1,750,000 $875,000 $0 0.00%
    First Eagle Bank's top markets include Chicago and Niles among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 74 $66,280,000 $895,676 $0 0.00%

    For 2019, First Eagle Bank's most frequently originated type of loan was Conventional, with 74 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 45 $39,395,000 $875,444 $0 0.00%
    Refi 21 $22,355,000 $1,064,524 $0 0.00%
    Home Improvement 8 $4,530,000 $566,250 $0 0.00%

    For 2019, First Eagle Bank's most frequently cited loan purpose was Home Purchase, with 45 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 74 $66,280,000 $895,676 $0 0.00%

    For 2019, First Eagle Bank's most frequently cited loan duration was Other, with 74 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $1MM+ 24 $41,780,000 $1,740,833 $0 0.00%
    $200k-400k 16 $4,990,000 $311,875 $0 0.00%
    $400k-600k 16 $7,880,000 $492,500 $0 0.00%
    $600k-1MM 14 $11,180,000 $798,571 $0 0.00%
    $100,000 or less 2 $160,000 $80,000 $0 0.00%
    $100k-200k 2 $290,000 $145,000 $0 0.00%

    2019 saw First Eagle Bank place emphasis on $1MM+ loans with 24 originations, totaling $41,780,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 7 $6,595,000 $942,143 $0 0.00%
    $150k-250k 3 $3,005,000 $1,001,667 $0 0.00%
    $100k-150k 2 $1,050,000 $525,000 $0 0.00%
    $50k-75k 2 $160,000 $80,000 $0 0.00%

    First Eagle Bank lent most frequently to those with incomes in the $250k+ range, with 7 originations. The second most popular income band? $150k-250k, with 3 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 74 $66,280,000 $895,676 $0 0.00%

    First Eagle Bank lent most frequently to those with DTI ratios of Exempt%, with 74 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 57 $53,925,000 $946,053 $0 0.00%
    White 13 $9,115,000 $701,154 $0 0.00%
    Not provided 4 $3,240,000 $810,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    93.14%

    First Eagle Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    71.62%

    First Eagle Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 74 $66,280,000 $895,676

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 10 $10,950,000 $1,095,000
    Single Family (1-4 Units):Site-Built 64 $55,330,000 $864,531

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    FIRST HORIZON BANK Conventional home mortgage Trouble during payment process 4 26.7%
    FIRST HORIZON BANK Other type of mortgage Trouble during payment process 1 6.7%
    FIRST HORIZON BANK VA mortgage Applying for a mortgage or refinancing an existing mortgage 1 6.7%
    FIRST HORIZON BANK Home equity loan or line of credit (HELOC) Trouble during payment process 3 20.0%
    FIRST HORIZON BANK Home equity loan or line of credit (HELOC) Closing on a mortgage 1 6.7%
    FIRST HORIZON BANK FHA mortgage Trouble during payment process 2 13.3%
    FIRST HORIZON BANK FHA mortgage Struggling to pay mortgage 1 6.7%
    FIRST HORIZON BANK Conventional home mortgage Struggling to pay mortgage 1 6.7%
    FIRST HORIZON BANK VA mortgage Closing on a mortgage 1 6.7%