Hickory Point Bank And Trust Mortgage Rates, Fees & InfoDecatur, IL
Tax ID: 37-1052394
Latest/2022 | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Review & OverviewHickory Point Bank And Trust is a smaller bank specializing in Home Purchase and Cash Out Refi loans. Hickory Point Bank And Trust has a high proportion of conventional loans. Their top markets by origination volume include: Champaign, Springfield, Decatur, Peoria, and Indianapolis among others. We have data for 15 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. Hickory Point Bank And Trust 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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|Simulated Rate||Simulation Date|
|30 Year Conventional Purchase||6.62%||12/4/23|
|30 Year Conventional Refi||6.61%||12/4/23|
|30 Year Cash-out Refi||6.36%||12/4/23|
|15 Year Conventional Purchase||6.10%||12/4/23|
|15 Year Conventional Refi||5.98%||12/4/23|
|15 Year Cash-out Refi||5.98%||12/4/23|
|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
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This is not an official calculator from Hickory Point Bank And Trust. It uses our SimulatedRate™
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Origination Dollar Volume (All Markets)$91,870,000
Hickory Point Bank and Trust - 2022
Hickory Point Bank and Trust is a 2022 , due to their low .
For 2022, less than of lenders were eligible for this award.
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Hickory Point Bank And Trust's average 30 year fixed mortgage rate was
The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.
This yields a difference of 0.18%.
Relative Fees (Closing Costs)
Hickory Point Bank And Trust's average total fees/closing costs for a 30 year fixed rate
mortgage were $2,132.
The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $4,750.
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)||175||$71,875,000||$410,714||$2,197||4.76%|
|SPRINGFIELD, IL (FHA|USDA|VA)||28||$8,350,000||$298,214||$2,173||5.17%|
|DECATUR, IL (FHA|USDA|VA)||62||$7,390,000||$119,194||$2,088||4.80%|
|Outside of Metro Areas||9||$1,095,000||$121,667||$1,990||4.78%|
|PEORIA, IL (FHA|USDA|VA)||3||$865,000||$288,333||$1,465||3.96%|
|INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA)||2||$570,000||$285,000||$0||5.95%|
|Charleston-Mattoon, IL (FHA|USDA|VA)||1||$285,000||$285,000||$1,823||3.88%|
|Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA)||1||$265,000||$265,000||$4,872||5.63%|
|Ottawa, IL (FHA|USDA|VA)||1||$245,000||$245,000||$2,468||5.38%|
|BLOOMINGTON, IL (FHA|USDA|VA)||2||$210,000||$105,000||$2,332||5.00%|
|TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA)||1||$205,000||$205,000||$2,749||3.63%|
|TUCSON, AZ (FHA|USDA|VA)||1||$165,000||$165,000||$0||4.00%|
|LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA)||1||$155,000||$155,000||$2,607||3.13%|
|DANVILLE, IL (FHA|USDA|VA)||4||$150,000||$37,500||$0||5.00%|
|Taylorville, IL (FHA|USDA|VA)||1||$45,000||$45,000||$0||7.00%|
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.
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|Loan Type||Originations||Total Value||Avg. Loan||Avg. Fees||Avg. Rate|
For 2022, Hickory Point Bank And Trust's most frequently originated type of loan was Conventional, with 292 originations.
|Loan Reason||Originations||Total Value||Avg. Loan||Avg. Fees||Avg. Rate|
|Cash Out Refi||27||$21,845,000||$809,074||$1,737||4.22%|
For 2022, Hickory Point Bank And Trust's most frequently cited loan purpose was Home Purchase, with 242 originations. The 2nd most popular reason was Cash Out Refi, with 27 originations.
For 2022, Hickory Point Bank And Trust's most frequently cited loan duration was 30 Year, with 224 originations. The 2nd most popular length was 5 Year, with 30 originations.
Origination Fees/Closing Costs
|Origination Fee/Closing Cost||Originations||Total Value||Average Loan|
Hickory Point Bank And Trust's average total fees were $2,132, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 205 originations.
|Loan Rate||Originations||Total Value||Average Loan|
During 2022, Hickory Point Bank And Trust's average interest rate for loans was 4.94%, while their most frequently originated rate bucket for loans was 5-6%, with 94 originations.
2022 saw Hickory Point Bank And Trust place emphasis on $100k-200k loans with 110 originations, totaling $15,780,000 in origination value.
Hickory Point Bank And Trust lent most frequently to those with incomes in the $100k-150k range, with 60 originations. The second most popular income band? $50k-75k, with 58 originations.
Applicant Debt to Income Ratio
Hickory Point Bank And Trust lent most frequently to those with DTI ratios of 30-36%, with 72 originations. The next most common DTI ratio? 20-30%, with 66 originations.
Approval RatesTotal approvals of all applications
Hickory Point Bank And Trust has an average approval rate.
Pick RateApprovals leading to origination
Hickory Point Bank And Trust has an average pick rate.
Points and Fees
|Points||Originations||Total Value||Average Loan|