Bankchampaign N.a. Mortgage Rates, Fees & Info

Champaign, IL

LEI: 549300OVNJWJXYPGIU28

Tax ID: 37-1019582

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

Jump to:

Mortgage Data

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

    Bankchampaign N.a. is a smaller bank specializing in Home Purchase and Refi loans. Bankchampaign N.a. has a high proportion of conventional loans. Their top two markets are Champaign and North Port .

    Bankchampaign N.a. 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.

    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.


    Originations

    43

    Origination Dollar Volume (All Markets)

    $6,145,000

    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) 42 $5,300,000 $126,190 $0 0.00%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 1 $845,000 $845,000 $0 0.00%
    Bankchampaign N.a.'s top markets include Champaign and North Port among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 43 $6,145,000 $142,907 $0 0.00%

    For 2023, Bankchampaign N.a.'s most frequently originated type of loan was Conventional, with 43 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 20 $2,780,000 $139,000 $0 0.00%
    Refi 20 $2,250,000 $112,500 $0 0.00%
    Cash Out Refi 3 $1,115,000 $371,667 $0 0.00%

    For 2023, Bankchampaign N.a.'s most frequently cited loan purpose was Home Purchase, with 20 originations. The 2nd most popular reason was Refi, with 20 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 43 $6,145,000 $142,907 $0 0.00%

    For 2023, Bankchampaign N.a.'s most frequently cited loan duration was Other, with 43 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 21 $1,335,000 $63,571 $0 0.00%
    $100k-200k 16 $2,200,000 $137,500 $0 0.00%
    $200k-400k 3 $745,000 $248,333 $0 0.00%
    $400k-600k 2 $1,020,000 $510,000 $0 0.00%
    $600k-1MM 1 $845,000 $845,000 $0 0.00%

    2023 saw Bankchampaign N.a. place emphasis on $100,000 or less loans with 21 originations, totaling $1,335,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 7 $785,000 $112,143 $0 0.00%
    $250k+ 3 $145,000 $48,333 $0 0.00%
    $100k-150k 1 $85,000 $85,000 $0 0.00%
    $150k-250k 1 $155,000 $155,000 $0 0.00%

    Bankchampaign N.a. lent most frequently to those with incomes in the $50k or less range, with 7 originations. The second most popular income band? $250k+, with 3 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 43 $6,145,000 $142,907 $0 0.00%

    Bankchampaign N.a. lent most frequently to those with DTI ratios of Exempt%, with 43 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 30 $4,870,000 $162,333 $0 0.00%
    White 12 $1,190,000 $99,167 $0 0.00%
    Black 1 $85,000 $85,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    100.00%

    Bankchampaign N.a. has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    95.35%

    Bankchampaign N.a. 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 43 $6,145,000 $142,907

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    43 $6,145,000 $142,907