Beverly Bank & Trust Mortgage Rates, Fees & Info

Rosemont, IL

LEI: 549300FOO7XNZ1564N12

Tax ID: 56-2417163

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

Review & Overview

Beverly Bank & Trust is a smaller bank specializing in Home Purchase and Refi loans. Beverly Bank & Trust has a high proportion of conventional loans. Their top markets by origination volume include: Chicago, Santa Rosa, Minneapolis, San Francisco, and Kalispell among others. We have data for 10 markets. (Some data included below & more in-depth data is available with an active subscription.)

Beverly Bank & Trust 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

Origination Dollar Volume (All Markets)

$34,705,000

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)	41	$18,195,000	$443,780	$0	0.00%
SANTA ROSA-PETALUMA, CA (FHA\|USDA\|VA)	1	$2,905,000	$2,905,000	$0	0.00%
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA\|USDA\|VA)	2	$2,600,000	$1,300,000	$0	0.00%
San Francisco-Oakland-Berkeley, CA (FHA\|USDA\|VA)	2	$2,590,000	$1,295,000	$0	0.00%
Kalispell, MT (FHA\|USDA\|VA)	2	$2,390,000	$1,195,000	$0	0.00%
Los Angeles-Long Beach-Anaheim, CA (FHA\|USDA\|VA)	2	$1,690,000	$845,000	$0	0.00%
PHOENIX-MESA-CHANDLER, AZ (FHA\|USDA\|VA)	2	$1,600,000	$800,000	$0	0.00%
FARGO, ND-MN (FHA\|USDA\|VA)	1	$1,005,000	$1,005,000	$0	0.00%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA\|USDA\|VA)	1	$925,000	$925,000	$0	0.00%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA\|USDA\|VA)	1	$805,000	$805,000	$0	0.00%

Beverly Bank & Trust's top markets include Chicago, Santa Rosa, Minneapolis, San Francisco, and Kalispell among others.

Their top states include:

Illinois (FHA|USDA|VA)

California (FHA|USDA|VA)

Minnesota (FHA|USDA|VA)

Montana (FHA|USDA|VA)

Florida (FHA|USDA|VA)

Product Mix

Loan Type	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Conventional	55	$34,705,000	$631,000	$0	0.00%

For 2023, Beverly Bank & Trust's most frequently originated type of loan was Conventional, with 55 originations.

Loan Reason

Loan Reason	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Home Purchase	27	$18,325,000	$678,704	$0	0.00%
Refi	22	$11,510,000	$523,182	$0	0.00%
Cash Out Refi	3	$1,755,000	$585,000	$0	0.00%
Home Improvement	2	$210,000	$105,000	$0	0.00%
Other	1	$2,905,000	$2,905,000	$0	0.00%

For 2023, Beverly Bank & Trust's most frequently cited loan purpose was Home Purchase, with 27 originations. The 2nd most popular reason was Refi, with 22 originations.

Loan Duration/Length

Loan Length	Originations	Total Value	Average Loan	Average Fees	Average Rate
Other	55	$34,705,000	$631,000	$0	0.00%

For 2023, Beverly Bank & Trust's most frequently cited loan duration was Other, with 55 originations.

Loan Sizing

Loan Size	Originations	Total Value	Average Loan	Average Fees	Average Rate
$100k-200k	14	$2,190,000	$156,429	$0	0.00%
$200k-400k	13	$4,115,000	$316,538	$0	0.00%
$1MM+	11	$19,145,000	$1,740,455	$0	0.00%
$600k-1MM	8	$6,470,000	$808,750	$0	0.00%
$400k-600k	5	$2,505,000	$501,000	$0	0.00%
$100,000 or less	4	$280,000	$70,000	$0	0.00%

2023 saw Beverly Bank & Trust place emphasis on $100k-200k loans with 14 originations, totaling $2,190,000 in origination value.

Applicant Income

Applicant Income	Originations	Total Value	Average Loan	Average Fees	Average Rate
$250k+	19	$20,355,000	$1,071,316	$0	0.00%
$150k-250k	6	$2,360,000	$393,333	$0	0.00%
$50k or less	4	$420,000	$105,000	$0	0.00%
$100k-150k	3	$395,000	$131,667	$0	0.00%
$50k-75k	3	$615,000	$205,000	$0	0.00%
$75k-100k	1	$65,000	$65,000	$0	0.00%

Beverly Bank & Trust lent most frequently to those with incomes in the $250k+ range, with 19 originations. The second most popular income band? $150k-250k, with 6 originations.

Applicant Debt to Income Ratio

DTI Ratio	Originations	Total Value	Average Loan	Average Fees	Average Rate
Exempt%	55	$34,705,000	$631,000	$0	0.00%

Beverly Bank & Trust lent most frequently to those with DTI ratios of Exempt%, with 55 originations.

Ethnicity Mix

Applicant Ethnicity	Originations	Total Value	Average Loan	Average Fees	Average Rate
White	23	$16,985,000	$738,478	$0	0.00%
Not applicable	12	$8,880,000	$740,000	$0	0.00%
Black	13	$3,275,000	$251,923	$0	0.00%
Not provided	4	$2,390,000	$597,500	$0	0.00%
Asian Indian	1	$1,525,000	$1,525,000	$0	0.00%
Asian	1	$1,065,000	$1,065,000	$0	0.00%
Filipino	1	$585,000	$585,000	$0	0.00%

Approval Rates

Total approvals of all applications
94.68%

Beverly Bank & Trust has an average approval rate.

Pick Rate

Approvals leading to origination
72.73%

Beverly Bank & Trust has a below average pick rate.

Points and Fees

Points	Originations	Total Value	Average Loan
Exempt	55	$34,705,000	$631,000

Occupancy Type Mix

Dwelling Type	Originations	Total Value	Average Loan
	55	$34,705,000	$631,000