Holcomb Bank Mortgage Rates, Fees & Info
Rochelle, ILLEI: 549300JRDBJ5RPA6TY76
Tax ID: 36-1226570
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Mortgage Data
Review & Overview
Holcomb Bank is a smaller bank specializing in Home Purchase loans. Holcomb Bank has a high proportion of conventional loans. Their top markets by origination volume include: Chicago, Rochelle, Rockford, Atlanta, and Terre Haute among others. We have data for 13 markets. (Some data included below & more in-depth data is available with an active subscription.)Holcomb Bank 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
127Origination Dollar Volume (All Markets)
$26,625,000Top 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 |
|---|---|---|---|---|---|
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 36 | $12,890,000 | $358,056 | $0 | 0.00% |
| Rochelle, IL (FHA|USDA|VA) | 48 | $7,010,000 | $146,042 | $0 | 0.00% |
| ROCKFORD, IL (FHA|USDA|VA) | 28 | $3,740,000 | $133,571 | $0 | 0.00% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 1 | $675,000 | $675,000 | $0 | 0.00% |
| TERRE HAUTE, IN (FHA|USDA|VA) | 1 | $515,000 | $515,000 | $0 | 0.00% |
| Outside of Metro Areas | 3 | $495,000 | $165,000 | $0 | 0.00% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $0 | 0.00% |
| LOUISVILLE, KY (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $0 | 0.00% |
| Dixon, IL (FHA|USDA|VA) | 4 | $260,000 | $65,000 | $0 | 0.00% |
| SPRINGFIELD, IL (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 0.00% |
| Freeport, IL (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 0.00% |
| Clinton, IA (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 0.00% |
| Sterling, IL (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 127 | $26,625,000 | $209,646 | $0 | 0.00% |
For 2023, Holcomb Bank's most frequently originated type of loan was Conventional, with 127 originations.
Loan Reason
For 2023, Holcomb Bank's most frequently cited loan purpose was Home Purchase, with 86 originations. The 2nd most popular reason was Refi, with 23 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 127 | $26,625,000 | $209,646 | $0 | 0.00% |
For 2023, Holcomb Bank's most frequently cited loan duration was Other, with 127 originations.
Loan Sizing
2023 saw Holcomb Bank place emphasis on $100,000 or less loans with 42 originations, totaling $2,610,000 in origination value.
Applicant Income
Holcomb Bank lent most frequently to those with incomes in the $100k-150k range, with 21 originations. The second most popular income band? $50k-75k, with 21 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 127 | $26,625,000 | $209,646 | $0 | 0.00% |
Holcomb Bank lent most frequently to those with DTI ratios of Exempt%, with 127 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications93.33%
Holcomb Bank has an average approval rate.
Pick Rate
Approvals leading to origination79.53%
Holcomb Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 127 | $26,625,000 | $209,646 |