Village Bank & Trust Mortgage Rates, Fees & Info
Rosemont, ILLEI: 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 two markets are Chicago and Whitewater .Village Bank & Trust has an above 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
75Origination Dollar Volume (All Markets)
$28,705,000Top 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 |
|---|---|---|---|---|---|
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 74 | $28,370,000 | $383,378 | $0 | 0.00% |
| Whitewater, WI (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 75 | $28,705,000 | $382,733 | $0 | 0.00% |
For 2019, Village Bank & Trust's most frequently originated type of loan was Conventional, with 75 originations.
Loan Reason
For 2019, Village Bank & Trust's most frequently cited loan purpose was Refi, with 48 originations. The 2nd most popular reason was Home Purchase, with 16 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 75 | $28,705,000 | $382,733 | $0 | 0.00% |
For 2019, Village Bank & Trust's most frequently cited loan duration was Other, with 75 originations.
Loan Sizing
2019 saw Village Bank & Trust place emphasis on $200k-400k loans with 26 originations, totaling $7,830,000 in origination value.
Applicant Income
Village Bank & Trust lent most frequently to those with incomes in the $150k-250k range, with 13 originations. The second most popular income band? $250k+, with 8 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 75 | $28,705,000 | $382,733 | $0 | 0.00% |
Village Bank & Trust lent most frequently to those with DTI ratios of Exempt%, with 75 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications97.67%
Village Bank & Trust has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination88.00%
Village Bank & Trust has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 75 | $28,705,000 | $382,733 |