Alliance Community Bank Mortgage Rates, Fees & Info

Petersburg, IL

LEI: 549300FX3J95NB1UTP88

Tax ID: 37-0160000

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

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Mortgage Data

Review & Overview

Alliance Community Bank is a smaller bank specializing in Home Purchase and Refi loans. Alliance Community Bank has a high proportion of conventional loans. Their top markets by origination volume include: Springfield, Chicago, Lincoln, Jacksonville, and Peoria among others. We have data for 9 markets. (Some data included below & more in-depth data is available with an active subscription.)

Alliance Community Bank 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.

We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

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SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
30 Year Conventional Purchase 6.76% 3/28/24
30 Year Conventional Refi 6.74% 3/28/24
30 Year Cash-out Refi 6.71% 3/28/24
30 Year USDA Purchase 6.27% 3/28/24
15 Year Conventional Purchase 6.10% 3/28/24
15 Year Conventional Refi 5.98% 3/28/24
15 Year Cash-out Refi 5.98% 3/28/24
These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

Alliance Community Bank Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from Alliance Community Bank. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

The default purchase price is the median sales price across the US for 2022Q4, per FRED.


Originations

220

Origination Dollar Volume (All Markets)

$30,060,000

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
SPRINGFIELD, IL (FHA|USDA|VA) 194 $26,390,000 $136,031 $0 0.00%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 2 $980,000 $490,000 $0 0.00%
Lincoln, IL (FHA|USDA|VA) 6 $830,000 $138,333 $0 0.00%
Outside of Metro Areas 8 $520,000 $65,000 $0 0.00%
Jacksonville, IL (FHA|USDA|VA) 3 $425,000 $141,667 $0 0.00%
PEORIA, IL (FHA|USDA|VA) 3 $375,000 $125,000 $0 0.00%
ST. LOUIS, MO-IL (FHA|USDA|VA) 2 $260,000 $130,000 $0 0.00%
Taylorville, IL (FHA|USDA|VA) 1 $195,000 $195,000 $0 0.00%
Macomb, IL (FHA|USDA|VA) 1 $85,000 $85,000 $0 0.00%
Alliance Community Bank's top markets include Springfield, Chicago, Lincoln, Jacksonville, and Peoria among others.

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

    We use machine learning to identify the top lenders compared against Alliance Community Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    Petefish, Skiles & Co.
    Similarity Rank: 102
    Marine Bank
    Similarity Rank: 114
    HEARTLAND
    Similarity Rank: 117
    Prairie State Bank and Trust
    Similarity Rank: 128
    United Community Bank
    Similarity Rank: 585
    Morton Community Bank
    Similarity Rank: 700
    Carrollton Bank
    Similarity Rank: 728
    Heartland Bank and Trust Company
    Similarity Rank: 774
    Bank of Springfield
    Similarity Rank: 884
    CITIZENS EQUITY FIRST
    Similarity Rank: 1480

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 220 $30,060,000 $136,636 $0 0.00%

    For 2023, Alliance Community Bank's most frequently originated type of loan was Conventional, with 220 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 148 $21,210,000 $143,311 $0 0.00%
    Refi 50 $7,280,000 $145,600 $0 0.00%
    Other 16 $1,100,000 $68,750 $0 0.00%
    Cash Out Refi 4 $350,000 $87,500 $0 0.00%
    Home Improvement 2 $120,000 $60,000 $0 0.00%

    For 2023, Alliance Community Bank's most frequently cited loan purpose was Home Purchase, with 148 originations. The 2nd most popular reason was Refi, with 50 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 220 $30,060,000 $136,636 $0 0.00%

    For 2023, Alliance Community Bank's most frequently cited loan duration was Other, with 220 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 107 $6,515,000 $60,888 $0 0.00%
    $100k-200k 77 $10,425,000 $135,390 $0 0.00%
    $200k-400k 25 $7,005,000 $280,200 $0 0.00%
    $400k-600k 6 $2,630,000 $438,333 $0 0.00%
    $600k-1MM 5 $3,485,000 $697,000 $0 0.00%

    2023 saw Alliance Community Bank place emphasis on $100,000 or less loans with 107 originations, totaling $6,515,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 32 $3,230,000 $100,938 $0 0.00%
    $150k-250k 27 $4,655,000 $172,407 $0 0.00%
    $100k-150k 26 $3,450,000 $132,692 $0 0.00%
    $50k or less 26 $2,190,000 $84,231 $0 0.00%
    $75k-100k 25 $2,305,000 $92,200 $0 0.00%
    $250k+ 7 $1,015,000 $145,000 $0 0.00%

    Alliance Community Bank lent most frequently to those with incomes in the $50k-75k range, with 32 originations. The second most popular income band? $150k-250k, with 27 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 220 $30,060,000 $136,636 $0 0.00%

    Alliance Community Bank lent most frequently to those with DTI ratios of Exempt%, with 220 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 122 $13,980,000 $114,590 $0 0.00%
    Not applicable 77 $13,215,000 $171,623 $0 0.00%
    Not provided 8 $1,330,000 $166,250 $0 0.00%
    Black 5 $745,000 $149,000 $0 0.00%
    Asian 4 $450,000 $112,500 $0 0.00%
    Asian Indian 3 $245,000 $81,667 $0 0.00%
    American Indian 1 $95,000 $95,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    92.69%

    Alliance Community Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    91.82%

    Alliance Community Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 220 $30,060,000 $136,636

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    220 $30,060,000 $136,636