Hickory Point Bank And Trust Mortgage Rates, Fees & Info

Decatur, IL

LEI: 549300NN5CG5Q640OV05

Tax ID: 37-1052394

5 stars - Updated: 12/4/23 - out of 5 stars, based on 17 reviews

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

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Relative Rates
  • Relative Fees
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • 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

    Hickory 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.

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

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

    SimulatedRates™

    Mortgage Type     		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






    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

    292

    Origination Dollar Volume (All Markets)

    $91,870,000
    Show all (5) awards

    Relative Rate

    Hickory Point Bank And Trust's average 30 year fixed mortgage rate was 4.94%.

    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.

    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) 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%
    Hickory Point Bank And Trust's top markets include Champaign, Springfield, Decatur, Peoria, and Indianapolis among others.

    Their top states include:
  • Illinois (FHA|USDA|VA)
  • Indiana (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Arizona (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.

    First State Bank
    Similarity Rank: 27
    HEARTLAND
    Similarity Rank: 84
    Alliance Community Bank
    Similarity Rank: 144
    UNIVERSITY OF ILLINOIS COMMUNITY
    Similarity Rank: 216
    Prairie State Bank and Trust
    Similarity Rank: 270
    Hickory Point Bank and Trust
    Similarity Rank: 570
    CIBM Bank
    Similarity Rank: 576
    Iroquois Federal Savings and Loan Association
    Similarity Rank: 621
    United Community Bank
    Similarity Rank: 650
    Petefish, Skiles & Co.
    Similarity Rank: 713

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 292 $91,870,000 $314,623 $2,173 4.81%

    For 2022, Hickory Point Bank And Trust's most frequently originated type of loan was Conventional, with 292 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 242 $66,040,000 $272,893 $2,248 4.94%
    Cash Out Refi 27 $21,845,000 $809,074 $1,737 4.22%
    Refi 18 $3,490,000 $193,889 $1,748 3.97%
    Other 5 $495,000 $99,000 $1,641 4.86%

    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.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 224 $42,810,000 $191,116 $2,132 4.94%
    5 Year 30 $23,080,000 $769,333 $0 4.77%
    15 Year 22 $5,750,000 $261,364 $2,614 3.61%
    20 Year 10 $1,560,000 $156,000 $2,192 5.49%
    3 Year 4 $18,550,000 $4,637,500 $0 3.38%
    10 Year 2 $120,000 $60,000 $1,913 3.44%

    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
    $<1k 205 $40,425,000 $197,195
    $1k-2k 21 $5,935,000 $282,619
    $3k-4k 2 $890,000 $445,000
    $4k-5k 2 $520,000 $260,000
    $2k-3k 1 $265,000 $265,000

    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.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 94 $19,100,000 $203,191
    3-4% 82 $19,930,000 $243,049
    4-5% 74 $24,530,000 $331,486
    6-7% 25 $3,325,000 $133,000
    2.5-3% 9 $23,655,000 $2,628,333
    7-8% 6 $900,000 $150,000
    <2.5% 2 $430,000 $215,000

    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.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 110 $15,780,000 $143,455 $2,118 4.85%
    $200k-400k 88 $24,040,000 $273,182 $2,259 4.81%
    $100,000 or less 66 $4,040,000 $61,212 $1,930 4.93%
    $400k-600k 15 $7,155,000 $477,000 $2,567 4.73%
    $1MM+ 10 $38,950,000 $3,895,000 $2,357 3.93%
    $600k-1MM 3 $1,905,000 $635,000 $2,807 4.54%

    2022 saw Hickory Point Bank And Trust place emphasis on $100k-200k loans with 110 originations, totaling $15,780,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 60 $13,590,000 $226,500 $2,298 4.62%
    $50k-75k 58 $7,410,000 $127,759 $2,067 4.91%
    $150k-250k 45 $11,035,000 $245,222 $2,159 5.21%
    $50k or less 42 $3,940,000 $93,810 $2,063 4.79%
    $75k-100k 31 $5,505,000 $177,581 $2,120 4.83%
    $250k+ 23 $8,765,000 $381,087 $2,499 4.73%

    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

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 72 $15,720,000 $218,333 $2,112 4.77%
    20-30% 66 $11,420,000 $173,030 $2,142 4.94%
    <20% 33 $6,585,000 $199,545 $2,177 4.77%
    37% 10 $2,090,000 $209,000 $2,387 5.30%
    42% 9 $1,295,000 $143,889 $2,094 4.75%
    45% 9 $2,145,000 $238,333 $2,216 5.20%
    36% 7 $1,275,000 $182,143 $2,607 5.05%
    47% 7 $1,255,000 $179,286 $2,184 5.00%
    43% 7 $995,000 $142,143 $2,855 4.05%
    48% 7 $1,455,000 $207,857 $2,058 5.11%
    38% 6 $1,190,000 $198,333 $1,999 4.79%
    41% 5 $905,000 $181,000 $2,102 4.90%
    46% 5 $1,095,000 $219,000 $2,060 4.28%
    44% 4 $820,000 $205,000 $2,051 5.03%
    40% 4 $760,000 $190,000 $1,870 4.28%
    49% 3 $525,000 $175,000 $2,312 4.54%
    39% 2 $330,000 $165,000 $2,466 6.06%
    50-60% 1 $275,000 $275,000 $2,629 4.00%

    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.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 31 $41,395,000 $1,335,323 $0 4.54%
    White 203 $38,315,000 $188,744 $2,161 4.87%
    Asian 19 $4,525,000 $238,158 $2,321 4.64%
    Not provided 28 $4,410,000 $157,500 $2,143 4.78%
    Black 7 $2,385,000 $340,714 $2,306 4.70%
    Asian Indian 1 $325,000 $325,000 $1,852 6.00%
    Korean 1 $215,000 $215,000 $2,133 5.38%
    Chinese 1 $165,000 $165,000 $1,962 5.38%
    American Indian 1 $135,000 $135,000 $2,395 5.25%

    Approval Rates

    Total approvals of all applications
    90.48%

    Hickory Point Bank And Trust has an average approval rate.

    Pick Rate

    Approvals leading to origination
    89.73%

    Hickory Point Bank And Trust has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 292 $91,870,000 $314,623

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    292 $91,870,000 $314,623

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 14 $9,430,000 $673,571 $1,912 4.68%
    40-60% 27 $16,975,000 $628,704 $2,123 4.63%
    60-80% 97 $32,105,000 $330,979 $2,117 4.76%
    80-100% 141 $31,285,000 $221,879 $2,232 4.91%
    Under 20% 12 $1,960,000 $163,333 $1,630 4.73%