Rockford Bank And Trust Company Mortgage Rates, Fees & Info
ROCKFORD, ILLEI: 549300LH0RW78R3R3Z48
Tax ID: 42-1524032
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Mortgage Data
Review & Overview
Rockford Bank And Trust Company is a smaller bank specializing in Refi and Home Purchase loans. Rockford Bank And Trust Company has a high proportion of conventional loans. Their top markets by origination volume include: Rockford, Janesville, Phoenix, Chicago, and San Antonio among others. We have data for 7 markets. (Some data included below & more in-depth data is available with an active subscription.)Rockford Bank And Trust Company 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
85Origination Dollar Volume (All Markets)
$15,095,000Top 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 |
|---|---|---|---|---|---|
| ROCKFORD, IL (FHA|USDA|VA) | 69 | $12,065,000 | $174,855 | $0 | 0.00% |
| JANESVILLE-BELOIT, WI (FHA|USDA|VA) | 8 | $910,000 | $113,750 | $0 | 0.00% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 1 | $525,000 | $525,000 | $0 | 0.00% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 2 | $510,000 | $255,000 | $0 | 0.00% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $0 | 0.00% |
| Outside of Metro Areas | 3 | $455,000 | $151,667 | $0 | 0.00% |
| MADISON, WI (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 85 | $15,095,000 | $177,588 | $0 | 0.00% |
For 2018, Rockford Bank And Trust Company's most frequently originated type of loan was Conventional, with 85 originations.
Loan Reason
For 2018, Rockford Bank And Trust Company's most frequently cited loan purpose was Refi, with 42 originations. The 2nd most popular reason was Home Purchase, with 39 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 85 | $15,095,000 | $177,588 | $0 | 0.00% |
For 2018, Rockford Bank And Trust Company's most frequently cited loan duration was Other, with 85 originations.
Loan Sizing
2018 saw Rockford Bank And Trust Company place emphasis on $100,000 or less loans with 38 originations, totaling $2,150,000 in origination value.
Applicant Income
Rockford Bank And Trust Company lent most frequently to those with incomes in the $150k-250k range, with 13 originations. The second most popular income band? $250k+, with 13 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 85 | $15,095,000 | $177,588 | $0 | 0.00% |
Rockford Bank And Trust Company lent most frequently to those with DTI ratios of Exempt%, with 85 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications94.68%
Rockford Bank And Trust Company has an average approval rate.
Pick Rate
Approvals leading to origination95.29%
Rockford Bank And Trust Company 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 | 85 | $15,095,000 | $177,588 |