Village Bank & Trust Mortgage Rates, Fees & Info

Rosemont, IL

LEI: 549300P7J9S1WSW4VU68

Tax ID: 36-4011679

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Mortgage Data

Review & Overview

Village Bank & Trust is a smaller bank specializing in Refi and Home Purchase loans. Village Bank & Trust has a high proportion of conventional loans. Their top markets by origination volume include: Chicago, Baraboo, and Whitewater among others. We have data for 3 markets. (Some data included below & more in-depth data is available with an active subscription.)

Village Bank & Trust has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.

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Originations

46

Origination Dollar Volume (All Markets)

$20,200,000

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
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 44 $19,320,000 $439,091 $0 0.00%
Baraboo, WI (FHA|USDA|VA) 1 $515,000 $515,000 $0 0.00%
Whitewater, WI (FHA|USDA|VA) 1 $365,000 $365,000 $0 0.00%
Village Bank & Trust's top markets include Chicago, Baraboo, and Whitewater among others.

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

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 46 $20,200,000 $439,130 $0 0.00%

    For 2018, Village Bank & Trust's most frequently originated type of loan was Conventional, with 46 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 23 $8,595,000 $373,696 $0 0.00%
    Home Purchase 17 $9,655,000 $567,941 $0 0.00%
    Cash Out Refi 3 $985,000 $328,333 $0 0.00%
    Home Improvement 2 $560,000 $280,000 $0 0.00%
    Other 1 $405,000 $405,000 $0 0.00%

    For 2018, Village Bank & Trust's most frequently cited loan purpose was Refi, with 23 originations. The 2nd most popular reason was Home Purchase, with 17 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 46 $20,200,000 $439,130 $0 0.00%

    For 2018, Village Bank & Trust's most frequently cited loan duration was Other, with 46 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 16 $4,720,000 $295,000 $0 0.00%
    $400k-600k 15 $7,355,000 $490,333 $0 0.00%
    $100k-200k 9 $1,555,000 $172,778 $0 0.00%
    $1MM+ 4 $4,770,000 $1,192,500 $0 0.00%
    $600k-1MM 2 $1,800,000 $900,000 $0 0.00%

    2018 saw Village Bank & Trust place emphasis on $200k-400k loans with 16 originations, totaling $4,720,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 6 $2,610,000 $435,000 $0 0.00%
    $250k+ 6 $5,380,000 $896,667 $0 0.00%
    $75k-100k 5 $1,215,000 $243,000 $0 0.00%
    $50k or less 3 $745,000 $248,333 $0 0.00%
    $100k-150k 2 $630,000 $315,000 $0 0.00%
    $50k-75k 1 $195,000 $195,000 $0 0.00%

    Village Bank & Trust lent most frequently to those with incomes in the $150k-250k range, with 6 originations. The second most popular income band? $250k+, with 6 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 46 $20,200,000 $439,130 $0 0.00%

    Village Bank & Trust lent most frequently to those with DTI ratios of Exempt%, with 46 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 20 $8,720,000 $436,000 $0 0.00%
    White 22 $8,570,000 $389,545 $0 0.00%
    Asian 3 $2,345,000 $781,667 $0 0.00%
    Not provided 1 $565,000 $565,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    89.83%

    Village Bank & Trust has an average approval rate.

    Pick Rate

    Approvals leading to origination
    89.13%

    Village Bank & Trust has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 46 $20,200,000 $439,130

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 14 $6,510,000 $465,000
    Single Family (1-4 Units):Site-Built 32 $13,690,000 $427,813