Bank Of Gibson City Mortgage Rates, Fees & Info
Gibson City, ILLEI: 549300JKZP45L168QC29
Tax ID: 37-1057817
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Mortgage Data
Review & Overview
Bank Of Gibson City is a smaller bank specializing in Home Purchase and Cash Out Refi loans. Bank Of Gibson City has a high proportion of conventional loans. Their top markets by origination volume include: Bloomington, Champaign, and Pontiac among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)Bank Of Gibson City 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.
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Originations
53Origination Dollar Volume (All Markets)
$3,865,000Top 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 |
|---|---|---|---|---|---|
| Outside of Metro Areas | 44 | $3,170,000 | $72,045 | $0 | 0.00% |
| BLOOMINGTON, IL (FHA|USDA|VA) | 4 | $520,000 | $130,000 | $0 | 0.00% |
| CHAMPAIGN-URBANA, IL (FHA|USDA|VA) | 4 | $150,000 | $37,500 | $0 | 0.00% |
| Pontiac, IL (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 53 | $3,865,000 | $72,925 | $0 | 0.00% |
For 2019, Bank Of Gibson City's most frequently originated type of loan was Conventional, with 53 originations.
Loan Reason
For 2019, Bank Of Gibson City's most frequently cited loan purpose was Home Purchase, with 15 originations. The 2nd most popular reason was Home Improvement, with 14 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 53 | $3,865,000 | $72,925 | $0 | 0.00% |
For 2019, Bank Of Gibson City's most frequently cited loan duration was Other, with 53 originations.
Loan Sizing
2019 saw Bank Of Gibson City place emphasis on $100,000 or less loans with 41 originations, totaling $1,625,000 in origination value.
Applicant Income
Bank Of Gibson City lent most frequently to those with incomes in the $50k or less range, with 20 originations. The second most popular income band? $50k-75k, with 12 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 53 | $3,865,000 | $72,925 | $0 | 0.00% |
Bank Of Gibson City lent most frequently to those with DTI ratios of Exempt%, with 53 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 51 | $3,795,000 | $74,412 | $0 | 0.00% |
| Not applicable | 2 | $70,000 | $35,000 | $0 | 0.00% |
Approval Rates
Total approvals of all applications91.94%
Bank Of Gibson City has an average approval rate.
Pick Rate
Approvals leading to origination96.23%
Bank Of Gibson City has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 53 | $3,865,000 | $72,925 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 1 | $65,000 | $65,000 |
| Single Family (1-4 Units):Site-Built | 52 | $3,800,000 | $73,077 |
Complaints
| Bank Name | Product | Issue | 2019 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| BANK OF THE WEST | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 7.1% |
| BANK OF THE WEST | Other type of mortgage | Trouble during payment process | 1 | 7.1% |
| BANK OF THE WEST | Other type of mortgage | Closing on a mortgage | 1 | 7.1% |
| BANK OF THE WEST | Other type of mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 7.1% |
| BANK OF THE WEST | Home equity loan or line of credit (HELOC) | Trouble during payment process | 2 | 14.3% |
| BANK OF THE WEST | Home equity loan or line of credit (HELOC) | Applying for a mortgage or refinancing an existing mortgage | 1 | 7.1% |
| BANK OF THE WEST | Conventional home mortgage | Trouble during payment process | 6 | 42.9% |
| BANK OF THE WEST | Conventional home mortgage | Struggling to pay mortgage | 1 | 7.1% |