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

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • 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

    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 (well, only) market is Chicago.

    Beverly Bank & Trust 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

    50

    Origination Dollar Volume (All Markets)

    $26,340,000

    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) 50 $26,340,000 $526,800 $0 0.00%
    Beverly Bank & Trust's top markets include and Chicago among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 50 $26,340,000 $526,800 $0 0.00%

    For 2019, Beverly Bank & Trust's most frequently originated type of loan was Conventional, with 50 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 20 $13,520,000 $676,000 $0 0.00%
    Refi 20 $10,070,000 $503,500 $0 0.00%
    Cash Out Refi 8 $2,580,000 $322,500 $0 0.00%
    Home Improvement 2 $170,000 $85,000 $0 0.00%

    For 2019, Beverly Bank & Trust's most frequently cited loan purpose was Home Purchase, with 20 originations. The 2nd most popular reason was Refi, with 20 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 50 $26,340,000 $526,800 $0 0.00%

    For 2019, Beverly Bank & Trust's most frequently cited loan duration was Other, with 50 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 18 $2,730,000 $151,667 $0 0.00%
    $400k-600k 8 $3,940,000 $492,500 $0 0.00%
    $1MM+ 7 $14,495,000 $2,070,714 $0 0.00%
    $200k-400k 7 $1,735,000 $247,857 $0 0.00%
    $100,000 or less 6 $300,000 $50,000 $0 0.00%
    $600k-1MM 4 $3,140,000 $785,000 $0 0.00%

    2019 saw Beverly Bank & Trust place emphasis on $100k-200k loans with 18 originations, totaling $2,730,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 7 $1,415,000 $202,143 $0 0.00%
    $150k-250k 6 $1,930,000 $321,667 $0 0.00%
    $100k-150k 4 $690,000 $172,500 $0 0.00%
    $250k+ 3 $3,245,000 $1,081,667 $0 0.00%
    $50k or less 3 $205,000 $68,333 $0 0.00%
    $75k-100k 3 $335,000 $111,667 $0 0.00%

    Beverly Bank & Trust lent most frequently to those with incomes in the $50k-75k range, with 7 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% 50 $26,340,000 $526,800 $0 0.00%

    Beverly Bank & Trust lent most frequently to those with DTI ratios of Exempt%, with 50 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 18 $16,180,000 $898,889 $0 0.00%
    White 17 $6,455,000 $379,706 $0 0.00%
    Black 14 $3,660,000 $261,429 $0 0.00%
    Not provided 1 $45,000 $45,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    88.41%

    Beverly Bank & Trust has an average approval rate.

    Pick Rate

    Approvals leading to origination
    80.00%

    Beverly Bank & Trust has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 50 $26,340,000 $526,800

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 18 $17,600,000 $977,778
    Single Family (1-4 Units):Site-Built 32 $8,740,000 $273,125