Hickory Point Bank And Trust Mortgage Rates, Fees & Info

Decatur, IL

LEI: 549300NN5CG5Q640OV05

Tax ID: 37-1052394

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Mortgage Data

Review & Overview

Hickory Point Bank And Trust is a smaller bank specializing in Home Purchase loans. Hickory Point Bank And Trust has a high proportion of conventional loans. Their top markets by origination volume include: Champaign, Decatur, Springfield, Lincoln, and Miami among others. We have data for 16 markets. (Some data included below & more in-depth data is available with an active subscription.)

Hickory Point Bank And Trust 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.

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.

Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

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SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
30 Year Conventional Purchase 6.62% 12/5/24
30 Year Conventional Refi 6.61% 12/5/24
30 Year Cash-out Refi 6.36% 12/5/24
15 Year Conventional Purchase 6.10% 12/5/24
15 Year Conventional Refi 5.98% 12/5/24
15 Year Cash-out Refi 5.98% 12/5/24
These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

Hickory Point Bank And Trust Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from Hickory Point Bank And Trust. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

The default purchase price is the median sales price across the US for 2022Q4, per FRED.


Originations

244

Origination Dollar Volume (All Markets)

$62,100,000

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
CHAMPAIGN-URBANA, IL (FHA|USDA|VA) 108 $40,450,000 $374,537 $0 0.00%
DECATUR, IL (FHA|USDA|VA) 70 $10,200,000 $145,714 $0 0.00%
SPRINGFIELD, IL (FHA|USDA|VA) 26 $3,270,000 $125,769 $0 0.00%
Outside of Metro Areas 8 $2,140,000 $267,500 $0 0.00%
Lincoln, IL (FHA|USDA|VA) 13 $1,755,000 $135,000 $0 0.00%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 1 $755,000 $755,000 $0 0.00%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 1 $505,000 $505,000 $0 0.00%
Jacksonville, IL (FHA|USDA|VA) 4 $480,000 $120,000 $0 0.00%
BLOOMINGTON, IL (FHA|USDA|VA) 3 $475,000 $158,333 $0 0.00%
Taylorville, IL (FHA|USDA|VA) 2 $460,000 $230,000 $0 0.00%
PEORIA, IL (FHA|USDA|VA) 2 $440,000 $220,000 $0 0.00%
NILES, MI (FHA|USDA|VA) 1 $355,000 $355,000 $0 0.00%
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 1 $325,000 $325,000 $0 0.00%
Charleston-Mattoon, IL (FHA|USDA|VA) 2 $260,000 $130,000 $0 0.00%
DANVILLE, IL (FHA|USDA|VA) 1 $165,000 $165,000 $0 0.00%
ST. LOUIS, MO-IL (FHA|USDA|VA) 1 $65,000 $65,000 $0 0.00%
Hickory Point Bank And Trust's top markets include Champaign, Decatur, Springfield, Lincoln, and Miami among others.

Their top states include:
  • Illinois (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Michigan (FHA|USDA|VA)
  • South Carolina (FHA|USDA|VA)
  • Similar Lenders

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

    UNIVERSITY OF ILLINOIS COMMUNITY
    Similarity Rank: 45
    Petefish, Skiles & Co.
    Similarity Rank: 102
    HEARTLAND
    Similarity Rank: 117
    Marine Bank
    Similarity Rank: 190
    Prairie State Bank and Trust
    Similarity Rank: 240
    First Mid Bank & Trust
    Similarity Rank: 336
    United Community Bank
    Similarity Rank: 585
    Carrollton Bank
    Similarity Rank: 728
    Busey Bank
    Similarity Rank: 864
    Bank of Springfield
    Similarity Rank: 884

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 244 $62,100,000 $254,508 $0 0.00%

    For 2023, Hickory Point Bank And Trust's most frequently originated type of loan was Conventional, with 244 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 222 $43,430,000 $195,631 $0 0.00%
    Cash Out Refi 13 $9,365,000 $720,385 $0 0.00%
    Refi 6 $2,310,000 $385,000 $0 0.00%
    Home Improvement 3 $6,995,000 $2,331,667 $0 0.00%

    For 2023, Hickory Point Bank And Trust's most frequently cited loan purpose was Home Purchase, with 222 originations. The 2nd most popular reason was Cash Out Refi, with 13 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 244 $62,100,000 $254,508 $0 0.00%

    For 2023, Hickory Point Bank And Trust's most frequently cited loan duration was Other, with 244 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 98 $14,220,000 $145,102 $0 0.00%
    $100,000 or less 67 $4,715,000 $70,373 $0 0.00%
    $200k-400k 51 $14,285,000 $280,098 $0 0.00%
    $400k-600k 20 $9,420,000 $471,000 $0 0.00%
    $600k-1MM 5 $3,865,000 $773,000 $0 0.00%
    $1MM+ 3 $15,595,000 $5,198,333 $0 0.00%

    2023 saw Hickory Point Bank And Trust place emphasis on $100k-200k loans with 98 originations, totaling $14,220,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 51 $6,155,000 $120,686 $0 0.00%
    $100k-150k 50 $9,680,000 $193,600 $0 0.00%
    $150k-250k 31 $8,465,000 $273,065 $0 0.00%
    $75k-100k 30 $4,380,000 $146,000 $0 0.00%
    $250k+ 29 $10,985,000 $378,793 $0 0.00%
    $50k or less 29 $2,785,000 $96,034 $0 0.00%

    Hickory Point Bank And Trust lent most frequently to those with incomes in the $50k-75k range, with 51 originations. The second most popular income band? $100k-150k, with 50 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 244 $62,100,000 $254,508 $0 0.00%

    Hickory Point Bank And Trust lent most frequently to those with DTI ratios of Exempt%, with 244 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 159 $28,335,000 $178,208 $0 0.00%
    Not applicable 21 $19,035,000 $906,429 $0 0.00%
    Asian 22 $7,120,000 $323,636 $0 0.00%
    Not provided 33 $5,735,000 $173,788 $0 0.00%
    Black 6 $1,310,000 $218,333 $0 0.00%
    Asian Indian 1 $255,000 $255,000 $0 0.00%
    Filipino 1 $165,000 $165,000 $0 0.00%
    American Indian 1 $145,000 $145,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    90.25%

    Hickory Point Bank And Trust has an average approval rate.

    Pick Rate

    Approvals leading to origination
    82.38%

    Hickory Point Bank And Trust has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 244 $62,100,000 $254,508

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    244 $62,100,000 $254,508