The Bank Of Carbondale Mortgage Rates, Fees & Info

Carbondale, IL

LEI: 549300MJJ1F286G37Q13

Tax ID: 37-0564500

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    The Bank Of Carbondale is a smaller bank specializing in Home Purchase and Refi loans. The Bank Of Carbondale has a high proportion of conventional loans. Their top markets by origination volume include: Carbondale, North Port, St. Louis, and Chicago among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)

    The Bank Of Carbondale has an average approval rate when compared to the average across all lenders. They have an average pick rate when compared to similar lenders. The Bank Of Carbondale is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

    We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

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    Originations

    71

    Origination Dollar Volume (All Markets)

    $10,515,000

    Awards

    The Bank of Carbondale 30 Year Conventional Loans gold The Bank of Carbondale 30 Year Conventional Loans gold
    Show all (2) awards

    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
    CARBONDALE-MARION, IL (FHA|USDA|VA) 63 $7,685,000 $121,984 $1,583 5.17%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 4 $1,010,000 $252,500 $0 5.50%
    ST. LOUIS, MO-IL (FHA|USDA|VA) 1 $945,000 $945,000 $2,023 4.63%
    Outside of Metro Areas 2 $520,000 $260,000 $813 4.75%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 1 $355,000 $355,000 $2,386 4.75%
    The Bank Of Carbondale's top markets include Carbondale, North Port, St. Louis, and Chicago among others.

    Their top states include:
  • Illinois (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Missouri (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against The Bank of Carbondale based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    The Bank of Carbondale
    Similarity Rank: 40
    First Mid Bank & Trust
    Similarity Rank: 145
    Town & Country Banc Mortgage Services
    Similarity Rank: 156
    Peoples National Bank , N.A.
    Similarity Rank: 315
    Community Mortgage Banc Corporation
    Similarity Rank: 520
    Flanagan State Bank
    Similarity Rank: 1197
    TOP FLITE FINANCIAL, INC.
    Similarity Rank: 2288
    Flagstar Bank, FSB
    Similarity Rank: 3024
    USAA Federal Savings Bank
    Similarity Rank: 3616
    Mortgage Research Center, LLC
    Similarity Rank: 5412

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 71 $10,515,000 $148,099 $1,577 5.16%

    For 2018, The Bank Of Carbondale's most frequently originated type of loan was Conventional, with 71 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 46 $5,520,000 $120,000 $1,545 5.15%
    Refi 15 $2,685,000 $179,000 $1,511 5.33%
    Cash Out Refi 5 $825,000 $165,000 $1,874 4.48%
    Other 3 $1,075,000 $358,333 $1,603 5.38%
    Home Improvement 2 $410,000 $205,000 $0 5.38%

    For 2018, The Bank Of Carbondale's most frequently cited loan purpose was Home Purchase, with 46 originations. The 2nd most popular reason was Refi, with 15 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 23 $2,985,000 $129,783 $1,668 5.14%
    20 Year 19 $2,815,000 $148,158 $1,680 5.20%
    15 Year 15 $2,325,000 $155,000 $1,660 4.96%
    Other 5 $1,575,000 $315,000 $1,110 5.23%
    10 Year 4 $350,000 $87,500 $1,233 5.31%
    1 Year 3 $425,000 $141,667 $1,168 5.50%
    5 Year 2 $40,000 $20,000 $350 5.63%

    For 2018, The Bank Of Carbondale's most frequently cited loan duration was 30 Year, with 23 originations. The 2nd most popular length was 20 Year, with 19 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 47 $6,305,000 $134,149

    The Bank Of Carbondale's average total fees were $1,668, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 47 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 39 $4,125,000 $105,769
    4-5% 30 $6,190,000 $206,333
    3-4% 2 $200,000 $100,000

    During 2018, The Bank Of Carbondale's average interest rate for loans was 5.14%, while their most frequently originated rate bucket for loans was 5-6%, with 39 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 35 $1,975,000 $56,429 $1,512 5.27%
    $100k-200k 23 $3,375,000 $146,739 $1,647 5.08%
    $200k-400k 9 $2,315,000 $257,222 $1,717 5.04%
    $400k-600k 2 $870,000 $435,000 $500 5.13%
    $1MM+ 1 $1,035,000 $1,035,000 $0 5.00%
    $600k-1MM 1 $945,000 $945,000 $2,023 4.63%

    2018 saw The Bank Of Carbondale place emphasis on $100,000 or less loans with 35 originations, totaling $1,975,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 16 $1,000,000 $62,500 $1,419 5.31%
    $75k-100k 13 $1,785,000 $137,308 $1,638 5.14%
    $100k-150k 12 $1,520,000 $126,667 $1,648 4.92%
    $50k-75k 10 $1,000,000 $100,000 $1,812 5.18%
    $250k+ 9 $3,215,000 $357,222 $1,262 5.10%
    $150k-250k 4 $650,000 $162,500 $1,297 5.09%

    The Bank Of Carbondale lent most frequently to those with incomes in the $50k or less range, with 16 originations. The second most popular income band? $75k-100k, with 13 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 19 $2,005,000 $105,526 $1,387 5.11%
    <20% 12 $2,790,000 $232,500 $1,635 5.15%
    30-36% 10 $1,300,000 $130,000 $1,550 4.88%
    42% 5 $575,000 $115,000 $1,611 5.10%
    >60% 2 $140,000 $70,000 $0 5.75%
    39% 2 $140,000 $70,000 $1,700 5.19%
    41% 2 $480,000 $240,000 $0 5.25%
    45% 2 $290,000 $145,000 $2,090 5.38%
    46% 2 $570,000 $285,000 $2,204 4.63%
    48% 2 $190,000 $95,000 $1,224 5.63%
    40% 1 $105,000 $105,000 $1,700 5.00%
    50-60% 1 $15,000 $15,000 $0 5.25%
    37% 1 $225,000 $225,000 $1,451 5.75%
    36% 1 $225,000 $225,000 $1,931 5.25%

    The Bank Of Carbondale lent most frequently to those with DTI ratios of 20-30%, with 19 originations. The next most common DTI ratio? <20%, with 12 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 57 $8,605,000 $150,965 $1,593 5.10%
    Not applicable 6 $1,330,000 $221,667 $0 5.42%
    Not provided 3 $255,000 $85,000 $1,056 5.25%
    Black 4 $190,000 $47,500 $1,519 5.41%
    Asian 1 $135,000 $135,000 $1,657 5.75%

    Approval Rates

    Total approvals of all applications
    85.87%

    The Bank Of Carbondale has an average approval rate.

    Pick Rate

    Approvals leading to origination
    90.14%

    The Bank Of Carbondale has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    400.0 1 $55,000 $55,000
    NA 70 $10,460,000 $149,429

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Manufactured 1 $395,000 $395,000
    Multifamily:Site-Built 1 $1,035,000 $1,035,000
    Single Family (1-4 Units):Manufactured 3 $235,000 $78,333
    Single Family (1-4 Units):Site-Built 66 $8,850,000 $134,091

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 5 $325,000 $65,000 $2,157 4.80%
    40-60% 7 $675,000 $96,429 $1,622 4.80%
    60-80% 32 $6,320,000 $197,500 $1,504 5.19%
    80-100% 23 $2,715,000 $118,043 $1,635 5.27%
    Under 20% 4 $480,000 $120,000 $350 5.38%

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    TD BANK US HOLDING COMPANY Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 10 9.8%
    TD BANK US HOLDING COMPANY Conventional home mortgage Closing on a mortgage 4 3.9%
    TD BANK US HOLDING COMPANY Conventional home mortgage Incorrect information on your report 1 1.0%
    TD BANK US HOLDING COMPANY Conventional home mortgage Struggling to pay mortgage 6 5.9%
    TD BANK US HOLDING COMPANY Conventional home mortgage Trouble during payment process 30 29.4%
    TD BANK US HOLDING COMPANY FHA mortgage Incorrect information on your report 1 1.0%
    TD BANK US HOLDING COMPANY FHA mortgage Struggling to pay mortgage 4 3.9%
    TD BANK US HOLDING COMPANY FHA mortgage Trouble during payment process 1 1.0%
    TD BANK US HOLDING COMPANY Home equity loan or line of credit (HELOC) Applying for a mortgage or refinancing an existing mortgage 8 7.8%
    TD BANK US HOLDING COMPANY Home equity loan or line of credit (HELOC) Closing on a mortgage 3 2.9%
    TD BANK US HOLDING COMPANY Home equity loan or line of credit (HELOC) Incorrect information on your report 1 1.0%
    TD BANK US HOLDING COMPANY Home equity loan or line of credit (HELOC) Problem with a credit reporting company's investigation into an existing problem 1 1.0%
    TD BANK US HOLDING COMPANY Home equity loan or line of credit (HELOC) Struggling to pay mortgage 3 2.9%
    TD BANK US HOLDING COMPANY Home equity loan or line of credit (HELOC) Trouble during payment process 14 13.7%
    TD BANK US HOLDING COMPANY Other type of mortgage Applying for a mortgage or refinancing an existing mortgage 1 1.0%
    TD BANK US HOLDING COMPANY Other type of mortgage Closing on a mortgage 3 2.9%
    TD BANK US HOLDING COMPANY Other type of mortgage Struggling to pay mortgage 4 3.9%
    TD BANK US HOLDING COMPANY Other type of mortgage Trouble during payment process 7 6.9%