Bankchampaign N.a. Mortgage Rates, Fees & Info
Champaign, ILLEI: 549300OVNJWJXYPGIU28
Tax ID: 37-1019582
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage Data
Review & Overview
Bankchampaign N.a. is a smaller bank specializing in Refi, Home Purchase, and Cash Out Refi loans. Bankchampaign N.a. has a high proportion of conventional loans. Their top markets by origination volume include: Champaign, North Port, Tampa, and Danville among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)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
105Origination Dollar Volume (All Markets)
$24,315,000Top 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) | 101 | $23,075,000 | $228,465 | $0 | 0.00% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 1 | $825,000 | $825,000 | $0 | 0.00% |
| Outside of Metro Areas | 1 | $195,000 | $195,000 | $0 | 0.00% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 0.00% |
| DANVILLE, IL (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 105 | $24,315,000 | $231,571 | $0 | 0.00% |
For 2018, Bankchampaign N.a.'s most frequently originated type of loan was Conventional, with 105 originations.
Loan Reason
For 2018, Bankchampaign N.a.'s most frequently cited loan purpose was Refi, with 55 originations. The 2nd most popular reason was Home Purchase, with 37 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 105 | $24,315,000 | $231,571 | $0 | 0.00% |
For 2018, Bankchampaign N.a.'s most frequently cited loan duration was Other, with 105 originations.
Loan Sizing
2018 saw Bankchampaign N.a. place emphasis on $100,000 or less loans with 64 originations, totaling $3,210,000 in origination value.
Applicant Income
Bankchampaign N.a. lent most frequently to those with incomes in the $50k or less range, with 17 originations. The second most popular income band? $100k-150k, with 12 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 105 | $24,315,000 | $231,571 | $0 | 0.00% |
Bankchampaign N.a. lent most frequently to those with DTI ratios of Exempt%, with 105 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications100.00%
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 origination99.05%
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 | 105 | $24,315,000 | $231,571 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Multifamily:Site-Built | 17 | $13,785,000 | $810,882 |
| Single Family (1-4 Units):Site-Built | 88 | $10,530,000 | $119,659 |
Complaints
| Bank Name | Product | Issue | 2018 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| BANKUNITED, NATIONAL ASSOCIATION | Conventional home mortgage | Struggling to pay mortgage | 1 | 14.3% |
| BANKUNITED, NATIONAL ASSOCIATION | Conventional home mortgage | Trouble during payment process | 4 | 57.1% |
| BANKUNITED, NATIONAL ASSOCIATION | Home equity loan or line of credit (HELOC) | Trouble during payment process | 1 | 14.3% |
| BANKUNITED, NATIONAL ASSOCIATION | Other type of mortgage | Closing on a mortgage | 1 | 14.3% |