Holcomb Bank Mortgage Rates, Fees & Info

Rochelle, IL

LEI: 549300JRDBJ5RPA6TY76

Tax ID: 36-1226570

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Mortgage Data

Review & Overview

Holcomb Bank is a smaller bank specializing in Home Purchase and Refi loans. Holcomb Bank has a high proportion of conventional loans. Their top markets by origination volume include: Chicago, Rochelle, Rockford, North Port, and Michigan City among others. We have data for 17 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

240

Origination Dollar Volume (All Markets)

$59,610,000

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) 62 $25,360,000 $409,032 $0 0.00%
Rochelle, IL (FHA|USDA|VA) 88 $13,000,000 $147,727 $0 0.00%
ROCKFORD, IL (FHA|USDA|VA) 56 $11,110,000 $198,393 $0 0.00%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 2 $3,610,000 $1,805,000 $0 0.00%
Outside of Metro Areas 5 $1,175,000 $235,000 $0 0.00%
MICHIGAN CITY-LA PORTE, IN (FHA|USDA|VA) 1 $1,075,000 $1,075,000 $0 0.00%
Dixon, IL (FHA|USDA|VA) 11 $935,000 $85,000 $0 0.00%
Ottawa, IL (FHA|USDA|VA) 1 $505,000 $505,000 $0 0.00%
SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) 1 $475,000 $475,000 $0 0.00%
DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA) 2 $450,000 $225,000 $0 0.00%
Freeport, IL (FHA|USDA|VA) 3 $375,000 $125,000 $0 0.00%
Watertown-Fort Atkinson, WI (FHA|USDA|VA) 1 $335,000 $335,000 $0 0.00%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 2 $270,000 $135,000 $0 0.00%
ELKHART-GOSHEN, IN (FHA|USDA|VA) 1 $255,000 $255,000 $0 0.00%
MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 1 $255,000 $255,000 $0 0.00%
AMES, IA (FHA|USDA|VA) 1 $225,000 $225,000 $0 0.00%
JANESVILLE-BELOIT, WI (FHA|USDA|VA) 2 $200,000 $100,000 $0 0.00%
Holcomb Bank's top markets include Chicago, Rochelle, Rockford, North Port, and Michigan City among others.

Their top states include:
  • Illinois (FHA|USDA|VA)
  • Indiana (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Wisconsin (FHA|USDA|VA)
  • Iowa (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 240 $59,610,000 $248,375 $0 0.00%

    For 2022, Holcomb Bank's most frequently originated type of loan was Conventional, with 240 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 159 $35,465,000 $223,050 $0 0.00%
    Refi 52 $20,860,000 $401,154 $0 0.00%
    Cash Out Refi 13 $1,895,000 $145,769 $0 0.00%
    Home Improvement 12 $1,200,000 $100,000 $0 0.00%
    Other 4 $190,000 $47,500 $0 0.00%

    For 2022, Holcomb Bank's most frequently cited loan purpose was Home Purchase, with 159 originations. The 2nd most popular reason was Refi, with 52 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 240 $59,610,000 $248,375 $0 0.00%

    For 2022, Holcomb Bank's most frequently cited loan duration was Other, with 240 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 93 $13,305,000 $143,065 $0 0.00%
    $100,000 or less 65 $4,315,000 $66,385 $0 0.00%
    $200k-400k 54 $14,940,000 $276,667 $0 0.00%
    $400k-600k 15 $7,075,000 $471,667 $0 0.00%
    $1MM+ 8 $15,990,000 $1,998,750 $0 0.00%
    $600k-1MM 5 $3,985,000 $797,000 $0 0.00%

    2022 saw Holcomb Bank place emphasis on $100k-200k loans with 93 originations, totaling $13,305,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 34 $5,700,000 $167,647 $0 0.00%
    $50k-75k 31 $4,475,000 $144,355 $0 0.00%
    $75k-100k 28 $4,700,000 $167,857 $0 0.00%
    $150k-250k 26 $4,630,000 $178,077 $0 0.00%
    $50k or less 26 $2,540,000 $97,692 $0 0.00%
    $250k+ 14 $5,100,000 $364,286 $0 0.00%

    Holcomb Bank lent most frequently to those with incomes in the $100k-150k range, with 34 originations. The second most popular income band? $50k-75k, with 31 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 240 $59,610,000 $248,375 $0 0.00%

    Holcomb Bank lent most frequently to those with DTI ratios of Exempt%, with 240 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 81 $32,465,000 $400,802 $0 0.00%
    White 155 $26,495,000 $170,935 $0 0.00%
    Not provided 2 $440,000 $220,000 $0 0.00%
    Black 2 $210,000 $105,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    93.92%

    Holcomb Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    84.58%

    Holcomb Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 240 $59,610,000 $248,375

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    240 $59,610,000 $248,375