Holcomb Bank Mortgage Rates, Fees & Info
Rochelle, ILLEI: 549300JRDBJ5RPA6TY76
Tax ID: 36-1226570
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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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
240Origination Dollar Volume (All Markets)
$59,610,000Top 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) | 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% |
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
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
2022 saw Holcomb Bank place emphasis on $100k-200k loans with 93 originations, totaling $13,305,000 in origination value.
Applicant Income
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
Approval Rates
Total approvals of all applications93.92%
Holcomb Bank has an average approval rate.
Pick Rate
Approvals leading to origination84.58%
Holcomb Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 240 | $59,610,000 | $248,375 |