Collinsville Building And Loan Association Mortgage Rates, Fees & Info

Collinsville, IL

LEI: 549300QV6YJK6ZDZPV54

Tax ID: 37-0223930

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Mortgage Data

Review & Overview

Collinsville Building And Loan Association is a smaller mortgage company specializing in Home Purchase loans. Collinsville Building And Loan Association has a high proportion of conventional loans. Their top (well, only) market is St. Louis.

Collinsville Building And Loan Association 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

47

Origination Dollar Volume (All Markets)

$6,855,000

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
ST. LOUIS, MO-IL (FHA|USDA|VA) 47 $6,855,000 $145,851 $0 0.00%
Collinsville Building And Loan Association's top markets include and St. Louis among others.

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

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 47 $6,855,000 $145,851 $0 0.00%

    For 2023, Collinsville Building And Loan Association's most frequently originated type of loan was Conventional, with 47 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 23 $4,915,000 $213,696 $0 0.00%
    Home Improvement 10 $460,000 $46,000 $0 0.00%
    Other 10 $780,000 $78,000 $0 0.00%
    Refi 4 $700,000 $175,000 $0 0.00%

    For 2023, Collinsville Building And Loan Association's most frequently cited loan purpose was Home Purchase, with 23 originations. The 2nd most popular reason was Home Improvement, with 10 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 47 $6,855,000 $145,851 $0 0.00%

    For 2023, Collinsville Building And Loan Association's most frequently cited loan duration was Other, with 47 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 22 $1,200,000 $54,545 $0 0.00%
    $100k-200k 13 $1,765,000 $135,769 $0 0.00%
    $200k-400k 11 $3,435,000 $312,273 $0 0.00%
    $400k-600k 1 $455,000 $455,000 $0 0.00%

    2023 saw Collinsville Building And Loan Association place emphasis on $100,000 or less loans with 22 originations, totaling $1,200,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 15 $2,425,000 $161,667 $0 0.00%
    $150k-250k 14 $2,430,000 $173,571 $0 0.00%
    $75k-100k 8 $1,060,000 $132,500 $0 0.00%
    $50k-75k 7 $765,000 $109,286 $0 0.00%
    $50k or less 2 $70,000 $35,000 $0 0.00%
    $250k+ 1 $105,000 $105,000 $0 0.00%

    Collinsville Building And Loan Association lent most frequently to those with incomes in the $100k-150k range, with 15 originations. The second most popular income band? $150k-250k, with 14 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 47 $6,855,000 $145,851 $0 0.00%

    Collinsville Building And Loan Association lent most frequently to those with DTI ratios of Exempt%, with 47 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 42 $6,170,000 $146,905 $0 0.00%
    Not provided 5 $685,000 $137,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    92.19%

    Collinsville Building And Loan Association has an average approval rate.

    Pick Rate

    Approvals leading to origination
    78.72%

    Collinsville Building And Loan Association has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 47 $6,855,000 $145,851

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    47 $6,855,000 $145,851