Trustbank Mortgage Rates, Fees & Info
Olney, ILLEI: 549300JMCI45DZ4YNK98
Tax ID: 37-1127534
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Trustbank is a smaller bank specializing in Home Purchase loans. Trustbank has a high proportion of conventional loans. Their top markets by origination volume include: Phoenix, Prescott Valley, Flagstaff, Chicago, and St. Louis among others. We have data for 11 markets. (Some data included below & more in-depth data is available with an active subscription.)Trustbank 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
101Origination Dollar Volume (All Markets)
$46,285,000Top 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 |
|---|---|---|---|---|---|
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 16 | $33,390,000 | $2,086,875 | $0 | 0.00% |
| Outside of Metro Areas | 74 | $8,230,000 | $111,216 | $0 | 0.00% |
| PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) | 1 | $1,345,000 | $1,345,000 | $0 | 0.00% |
| FLAGSTAFF, AZ (FHA|USDA|VA) | 1 | $1,205,000 | $1,205,000 | $0 | 0.00% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 1 | $535,000 | $535,000 | $0 | 0.00% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 2 | $400,000 | $200,000 | $0 | 0.00% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $0 | 0.00% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $0 | 0.00% |
| TERRE HAUTE, IN (FHA|USDA|VA) | 2 | $210,000 | $105,000 | $0 | 0.00% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 0.00% |
| CHAMPAIGN-URBANA, IL (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 101 | $46,285,000 | $458,267 | $0 | 0.00% |
For 2023, Trustbank's most frequently originated type of loan was Conventional, with 101 originations.
Loan Reason
For 2023, Trustbank's most frequently cited loan purpose was Home Purchase, with 61 originations. The 2nd most popular reason was Other, with 16 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 101 | $46,285,000 | $458,267 | $0 | 0.00% |
For 2023, Trustbank's most frequently cited loan duration was Other, with 101 originations.
Loan Sizing
2023 saw Trustbank place emphasis on $100,000 or less loans with 51 originations, totaling $2,525,000 in origination value.
Applicant Income
Trustbank lent most frequently to those with incomes in the $100k-150k range, with 20 originations. The second most popular income band? $50k-75k, with 19 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 101 | $46,285,000 | $458,267 | $0 | 0.00% |
Trustbank lent most frequently to those with DTI ratios of Exempt%, with 101 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications92.54%
Trustbank has an average approval rate.
Pick Rate
Approvals leading to origination86.14%
Trustbank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 101 | $46,285,000 | $458,267 |