Bankchampaign N.a. Mortgage Rates, Fees & Info

Champaign, IL

LEI: 549300OVNJWJXYPGIU28

Tax ID: 37-1019582

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Mortgage Data

Review & Overview

Bankchampaign N.a. is a smaller bank specializing in Refi and Home Purchase loans. Bankchampaign N.a. has a high proportion of conventional loans. Their top markets by origination volume include: Champaign, Decatur, Bloomington, and Mountain Home 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.

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Originations

91

Origination Dollar Volume (All Markets)

$17,665,000

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) 83 $13,585,000 $163,675 $0 0.00%
Outside of Metro Areas 5 $3,555,000 $711,000 $0 0.00%
DECATUR, IL (FHA|USDA|VA) 1 $325,000 $325,000 $0 0.00%
BLOOMINGTON, IL (FHA|USDA|VA) 1 $105,000 $105,000 $0 0.00%
Mountain Home, AR (FHA|USDA|VA) 1 $95,000 $95,000 $0 0.00%
Bankchampaign N.a.'s top markets include Champaign, Decatur, Bloomington, and Mountain Home among others.

Their top states include:
  • Illinois (FHA|USDA|VA)
  • Arkansas (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 91 $17,665,000 $194,121 $0 0.00%

    For 2019, Bankchampaign N.a.'s most frequently originated type of loan was Conventional, with 91 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 49 $6,045,000 $123,367 $0 0.00%
    Home Purchase 32 $7,740,000 $241,875 $0 0.00%
    Cash Out Refi 8 $3,520,000 $440,000 $0 0.00%
    Home Improvement 2 $360,000 $180,000 $0 0.00%

    For 2019, Bankchampaign N.a.'s most frequently cited loan purpose was Refi, with 49 originations. The 2nd most popular reason was Home Purchase, with 32 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 91 $17,665,000 $194,121 $0 0.00%

    For 2019, Bankchampaign N.a.'s most frequently cited loan duration was Other, with 91 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 54 $3,180,000 $58,889 $0 0.00%
    $100k-200k 16 $2,110,000 $131,875 $0 0.00%
    $200k-400k 13 $3,985,000 $306,538 $0 0.00%
    $1MM+ 3 $4,885,000 $1,628,333 $0 0.00%
    $600k-1MM 3 $2,515,000 $838,333 $0 0.00%
    $400k-600k 2 $990,000 $495,000 $0 0.00%

    2019 saw Bankchampaign N.a. place emphasis on $100,000 or less loans with 54 originations, totaling $3,180,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 12 $970,000 $80,833 $0 0.00%
    $250k+ 11 $1,035,000 $94,091 $0 0.00%
    $150k-250k 9 $1,685,000 $187,222 $0 0.00%
    $100k-150k 8 $890,000 $111,250 $0 0.00%
    $50k-75k 7 $265,000 $37,857 $0 0.00%
    $75k-100k 1 $225,000 $225,000 $0 0.00%

    Bankchampaign N.a. lent most frequently to those with incomes in the $50k or less range, with 12 originations. The second most popular income band? $250k+, with 11 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 91 $17,665,000 $194,121 $0 0.00%

    Bankchampaign N.a. lent most frequently to those with DTI ratios of Exempt%, with 91 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 43 $12,595,000 $292,907 $0 0.00%
    White 35 $3,445,000 $98,429 $0 0.00%
    Asian 12 $1,480,000 $123,333 $0 0.00%
    Not provided 1 $145,000 $145,000 $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

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 91 $17,665,000 $194,121

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 19 $10,925,000 $575,000
    Single Family (1-4 Units):Site-Built 72 $6,740,000 $93,611

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    BANKUNITED, NATIONAL ASSOCIATION Conventional home mortgage Trouble during payment process 1 25.0%
    BANKUNITED, NATIONAL ASSOCIATION Home equity loan or line of credit (HELOC) Struggling to pay mortgage 1 25.0%
    BANKUNITED, NATIONAL ASSOCIATION Other type of mortgage Closing on a mortgage 1 25.0%
    BANKUNITED, NATIONAL ASSOCIATION Other type of mortgage Trouble during payment process 1 25.0%