Bankchampaign N.a. Mortgage Rates, Fees & Info
Champaign, ILLEI: 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
91Origination Dollar Volume (All Markets)
$17,665,000Top 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) | 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% |
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
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
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
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
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 originationPoints 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% |