1786 Mortgage Rates, Fees & Info

OGDEN, IL

LEI: 549300POCKENHFN8BN88

Tax ID: 37-0391060

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Jump to:

Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    1786 is a smaller mortgage company specializing in Home Purchase, Refi, and Cash Out Refi loans. 1786 has a high proportion of conventional loans. Their top markets by origination volume include: Champaign, Danville, and Charleston among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)

    1786 has an above average approval rate when compared to the average across all lenders.

    We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.


    Originations

    64

    Origination Dollar Volume (All Markets)

    $8,580,000

    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) 21 $5,425,000 $258,333 $0 0.00%
    Outside of Metro Areas 26 $1,830,000 $70,385 $0 0.00%
    DANVILLE, IL (FHA|USDA|VA) 8 $900,000 $112,500 $0 0.00%
    Charleston-Mattoon, IL (FHA|USDA|VA) 9 $425,000 $47,222 $0 0.00%
    1786's top markets include Champaign, Danville, and Charleston among others.

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

    • Similar Lenders

    We use machine learning to identify the top lenders compared against 1786 based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    Longview Bank & Trust
    Similarity Rank: 39
    Vibrant Credit Union
    Similarity Rank: 192
    First Midwest Bank
    Similarity Rank: 984
    AMERIFIRST FINANCIAL CORPORATION
    Similarity Rank: 1206
    American Mortgage & Equity Consultants, Inc.
    Similarity Rank: 1380
    QUICKEN LOANS, LLC
    Similarity Rank: 3712

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 64 $8,580,000 $134,063 $0 0.00%

    For 2019, 1786's most frequently originated type of loan was Conventional, with 64 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 22 $2,340,000 $106,364 $0 0.00%
    Refi 18 $1,820,000 $101,111 $0 0.00%
    Cash Out Refi 16 $4,190,000 $261,875 $0 0.00%
    Home Improvement 5 $75,000 $15,000 $0 0.00%
    Other 3 $155,000 $51,667 $0 0.00%

    For 2019, 1786's most frequently cited loan purpose was Home Purchase, with 22 originations. The 2nd most popular reason was Refi, with 18 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 64 $8,580,000 $134,063 $0 0.00%

    For 2019, 1786's most frequently cited loan duration was Other, with 64 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 44 $2,340,000 $53,182 $0 0.00%
    $100k-200k 11 $1,435,000 $130,455 $0 0.00%
    $200k-400k 7 $1,835,000 $262,143 $0 0.00%
    $1MM+ 1 $2,245,000 $2,245,000 $0 0.00%
    $600k-1MM 1 $725,000 $725,000 $0 0.00%

    2019 saw 1786 place emphasis on $100,000 or less loans with 44 originations, totaling $2,340,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 14 $940,000 $67,143 $0 0.00%
    $50k or less 14 $720,000 $51,429 $0 0.00%
    $50k-75k 8 $610,000 $76,250 $0 0.00%
    $150k-250k 4 $360,000 $90,000 $0 0.00%
    $75k-100k 4 $560,000 $140,000 $0 0.00%
    $250k+ 1 $205,000 $205,000 $0 0.00%

    1786 lent most frequently to those with incomes in the $100k-150k range, with 14 originations. The second most popular income band? $50k or less, with 14 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 64 $8,580,000 $134,063 $0 0.00%

    1786 lent most frequently to those with DTI ratios of Exempt%, with 64 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 18 $5,140,000 $285,556 $0 0.00%
    White 45 $3,435,000 $76,333 $0 0.00%
    Black 1 $5,000 $5,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    98.46%

    1786 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 64 $8,580,000 $134,063

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 5 $3,175,000 $635,000
    Single Family (1-4 Units):Manufactured 3 $155,000 $51,667
    Single Family (1-4 Units):Site-Built 56 $5,250,000 $93,750