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 Home Purchase and Refi loans. Village Bank & Trust has a high proportion of conventional loans. Their top markets by origination volume include: Chicago, San Antonio, Los Angeles, Niles, and Punta Gorda among others. We have data for 26 markets. (Some data included below & more in-depth data is available with an active subscription.)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
114Origination Dollar Volume (All Markets)
$89,610,000Top 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) | 75 | $44,115,000 | $588,200 | $0 | 0.00% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 3 | $25,335,000 | $8,445,000 | $0 | 0.00% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 3 | $2,425,000 | $808,333 | $0 | 0.00% |
| NILES, MI (FHA|USDA|VA) | 3 | $2,145,000 | $715,000 | $0 | 0.00% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 1 | $1,505,000 | $1,505,000 | $0 | 0.00% |
| Outside of Metro Areas | 3 | $1,345,000 | $448,333 | $0 | 0.00% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 2 | $1,300,000 | $650,000 | $0 | 0.00% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 3 | $1,145,000 | $381,667 | $0 | 0.00% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 1 | $1,005,000 | $1,005,000 | $0 | 0.00% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 1 | $1,005,000 | $1,005,000 | $0 | 0.00% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 1 | $1,005,000 | $1,005,000 | $0 | 0.00% |
| ANN ARBOR, MI (FHA|USDA|VA) | 2 | $860,000 | $430,000 | $0 | 0.00% |
| MORRISTOWN, TN (FHA|USDA|VA) | 1 | $795,000 | $795,000 | $0 | 0.00% |
| Kalispell, MT (FHA|USDA|VA) | 2 | $660,000 | $330,000 | $0 | 0.00% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 1 | $625,000 | $625,000 | $0 | 0.00% |
| LUBBOCK, TX (FHA|USDA|VA) | 1 | $585,000 | $585,000 | $0 | 0.00% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 1 | $585,000 | $585,000 | $0 | 0.00% |
| MADISON, WI (FHA|USDA|VA) | 2 | $580,000 | $290,000 | $0 | 0.00% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 1 | $515,000 | $515,000 | $0 | 0.00% |
| MICHIGAN CITY-LA PORTE, IN (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $0 | 0.00% |
| THE VILLAGES, FL (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $0 | 0.00% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $0 | 0.00% |
| APPLETON, WI (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $0 | 0.00% |
| FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $0 | 0.00% |
| SPRINGFIELD, MA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 0.00% |
| GETTYSBURG, PA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 114 | $89,610,000 | $786,053 | $0 | 0.00% |
For 2022, Village Bank & Trust's most frequently originated type of loan was Conventional, with 114 originations.
Loan Reason
For 2022, Village Bank & Trust's most frequently cited loan purpose was Home Purchase, with 66 originations. The 2nd most popular reason was Refi, with 41 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 114 | $89,610,000 | $786,053 | $0 | 0.00% |
For 2022, Village Bank & Trust's most frequently cited loan duration was Other, with 114 originations.
Loan Sizing
2022 saw Village Bank & Trust place emphasis on $200k-400k loans with 33 originations, totaling $9,545,000 in origination value.
Applicant Income
Village Bank & Trust lent most frequently to those with incomes in the $250k+ range, with 26 originations. The second most popular income band? $150k-250k, with 23 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 114 | $89,610,000 | $786,053 | $0 | 0.00% |
Village Bank & Trust lent most frequently to those with DTI ratios of Exempt%, with 114 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications97.92%
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 origination86.84%
Village Bank & Trust has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 114 | $89,610,000 | $786,053 |