Marquette Bank Mortgage Rates, Fees & Info

Chicago, IL

LEI: 549300QX0QWWJKEY4R28

Tax ID: 36-2031498

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

Review & Overview

Marquette Bank is a smaller bank specializing in Home Purchase and Refi loans. Marquette Bank has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: Chicago, Phoenix, Niles, Kankakee, and Naples among others. We have data for 21 markets. (Some data included below & more in-depth data is available with an active subscription.)

Marquette Bank 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. Marquette Bank is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

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.

SimulatedRates™ Mortgage Type	Simulated Rate	Simulation Date
30 Year Conventional Purchase	6.48%	11/17/24
30 Year Conventional Refi	6.33%	11/17/24
30 Year Cash-out Refi	6.69%	11/17/24
30 Year FHA Purchase	7.00%	11/17/24
30 Year FHA Refi	7.25%	11/17/24
15 Year Conventional Purchase	5.88%	11/17/24
15 Year Conventional Refi	6.13%	11/17/24
15 Year Cash-out Refi	6.13%	11/17/24
These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

Marquette Bank Mortgage Calculator

Purchase Price:

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% Deposit:

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This is not an official calculator from Marquette Bank. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

The default purchase price is the median sales price across the US for 2022Q4, per FRED.

Originations

649

Origination Dollar Volume (All Markets)

$239,275,000

Employee count

348

Awards

Show all (2) awards

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)	610	$231,220,000	$379,049	$2,949	4.72%
Outside of Metro Areas	5	$1,585,000	$317,000	$2,538	4.70%
PHOENIX-MESA-CHANDLER, AZ (FHA\|USDA\|VA)	7	$1,525,000	$217,857	$4,174	4.77%
NILES, MI (FHA\|USDA\|VA)	3	$945,000	$315,000	$3,460	4.38%
KANKAKEE, IL (FHA\|USDA\|VA)	4	$650,000	$162,500	$3,483	4.59%
NAPLES-MARCO ISLAND, FL (FHA\|USDA\|VA)	2	$470,000	$235,000	$3,794	4.00%
MICHIGAN CITY-LA PORTE, IN (FHA\|USDA\|VA)	2	$390,000	$195,000	$2,086	3.94%
CAPE CORAL-FORT MYERS, FL (FHA\|USDA\|VA)	2	$320,000	$160,000	$2,539	4.19%
Holland, MI (FHA\|USDA\|VA)	2	$310,000	$155,000	$2,456	4.81%
SANTA FE, NM (FHA\|USDA\|VA)	1	$265,000	$265,000	$0	4.50%
Sturgis, MI (FHA\|USDA\|VA)	1	$255,000	$255,000	$2,575	4.38%
MODESTO, CA (FHA\|USDA\|VA)	1	$195,000	$195,000	$0	5.00%
Escanaba, MI (FHA\|USDA\|VA)	1	$195,000	$195,000	$2,277	3.88%
KNOXVILLE, TN (FHA\|USDA\|VA)	1	$155,000	$155,000	$2,703	4.63%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA\|USDA\|VA)	1	$145,000	$145,000	$2,641	4.63%
PUNTA GORDA, FL (FHA\|USDA\|VA)	1	$135,000	$135,000	$3,220	4.38%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA\|USDA\|VA)	1	$125,000	$125,000	$2,949	4.75%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA\|USDA\|VA)	1	$115,000	$115,000	$2,218	4.38%
MILWAUKEE-WAUKESHA, WI (FHA\|USDA\|VA)	1	$105,000	$105,000	$2,556	4.50%
SOUTH BEND-MISHAWAKA, IN-MI (FHA\|USDA\|VA)	1	$105,000	$105,000	$0	5.25%
Whitewater, WI (FHA\|USDA\|VA)	1	$65,000	$65,000	$0	5.80%

Marquette Bank's top markets include Chicago, Phoenix, Niles, Kankakee, and Naples among others.

Their top states include:

Illinois (FHA|USDA|VA)

Michigan (FHA|USDA|VA)

Indiana (FHA|USDA|VA)

Arizona (FHA|USDA|VA)

Florida (FHA|USDA|VA)

Similar Lenders

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

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Product Mix

Loan Type	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Conventional	607	$231,515,000	$381,409	$2,633	4.72%
FHA	42	$7,760,000	$184,762	$6,932	4.63%

For 2018, Marquette Bank's most frequently originated type of loan was Conventional, with 607 originations. Their 2nd most popular type was FHA, with 42 originations.

Loan Reason

Loan Reason	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Home Purchase	331	$90,475,000	$273,338	$4,705	4.70%
Refi	145	$129,685,000	$894,379	$1,285	4.63%
Cash Out Refi	73	$12,865,000	$176,233	$2,037	4.70%
Home Improvement	70	$4,430,000	$63,286	$75	5.00%
Other	30	$1,820,000	$60,667	$522	4.98%

For 2018, Marquette Bank's most frequently cited loan purpose was Home Purchase, with 331 originations. The 2nd most popular reason was Refi, with 145 originations.

Loan Duration/Length

Loan Length	Originations	Total Value	Average Loan	Average Fees	Average Rate
30 Year	416	$161,620,000	$388,510	$4,192	4.72%
5 Year	66	$3,690,000	$55,909	$0	4.91%
15 Year	61	$11,495,000	$188,443	$1,942	4.52%
Other	49	$51,065,000	$1,042,143	$156	4.65%
20 Year	28	$9,210,000	$328,929	$962	4.61%
10 Year	18	$1,220,000	$67,778	$486	5.01%
3 Year	6	$100,000	$16,667	$0	4.39%
1 Year	5	$875,000	$175,000	$0	6.25%

For 2018, Marquette Bank's most frequently cited loan duration was 30 Year, with 416 originations. The 2nd most popular length was 5 Year, with 66 originations.

Origination Fees/Closing Costs

Origination Fee/Closing Cost	Originations	Total Value	Average Loan
$<1k	407	$62,725,000	$154,115
$1k-2k	73	$12,415,000	$170,068
$2k-3k	23	$8,075,000	$351,087
$3k-4k	2	$680,000	$340,000
$4k-5k	1	$255,000	$255,000
$5k+	1	$285,000	$285,000

Marquette Bank's average total fees were $4,192, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 407 originations.

Interest Rates

Loan Rate	Originations	Total Value	Average Loan
4-5%	440	$212,680,000	$483,364
5-6%	128	$18,430,000	$143,984
3-4%	35	$6,985,000	$199,571
6-7%	3	$585,000	$195,000

During 2018, Marquette Bank's average interest rate for loans was 4.72%, while their most frequently originated rate bucket for loans was 4-5%, with 440 originations.

Loan Sizing

Loan Size	Originations	Total Value	Average Loan	Average Fees	Average Rate
$100k-200k	201	$29,245,000	$145,498	$3,502	4.77%
$100,000 or less	170	$7,560,000	$44,471	$734	4.95%
$200k-400k	168	$47,280,000	$281,429	$4,486	4.56%
$1MM+	51	$118,965,000	$2,332,647	$0	4.51%
$400k-600k	31	$15,115,000	$487,581	$4,158	4.60%
$600k-1MM	28	$21,110,000	$753,929	$3,323	4.62%

2018 saw Marquette Bank place emphasis on $100k-200k loans with 201 originations, totaling $29,245,000 in origination value.

Applicant Income

Applicant Income	Originations	Total Value	Average Loan	Average Fees	Average Rate
$50k-75k	134	$18,530,000	$138,284	$3,207	4.80%
$50k or less	125	$12,435,000	$99,480	$2,367	4.82%
$100k-150k	118	$23,370,000	$198,051	$2,942	4.66%
$75k-100k	96	$15,400,000	$160,417	$2,806	4.74%
$150k-250k	43	$13,385,000	$311,279	$3,623	4.40%
$250k+	12	$4,260,000	$355,000	$3,836	4.47%

Marquette Bank lent most frequently to those with incomes in the $50k-75k range, with 134 originations. The second most popular income band? $50k or less, with 125 originations.

Applicant Debt to Income Ratio

DTI Ratio	Originations	Total Value	Average Loan	Average Fees	Average Rate
30-36%	113	$17,935,000	$158,717	$2,662	4.68%
20-30%	105	$15,015,000	$143,000	$2,458	4.59%
<20%	35	$5,595,000	$159,857	$2,364	4.55%
42%	31	$3,815,000	$123,065	$1,921	4.97%
40%	29	$4,955,000	$170,862	$2,792	4.84%
44%	27	$5,735,000	$212,407	$4,395	4.90%
49%	23	$4,395,000	$191,087	$3,738	4.61%
39%	23	$3,685,000	$160,217	$3,132	4.83%
37%	22	$3,730,000	$169,545	$2,971	4.84%
41%	20	$2,930,000	$146,500	$2,307	4.66%
36%	20	$2,750,000	$137,500	$2,458	4.93%
38%	14	$2,740,000	$195,714	$3,606	5.06%
50-60%	13	$2,295,000	$176,538	$6,612	4.40%
45%	11	$2,355,000	$214,091	$3,954	4.44%
43%	11	$2,095,000	$190,455	$3,830	4.92%
47%	10	$2,450,000	$245,000	$3,606	4.61%
46%	10	$1,760,000	$176,000	$2,989	4.40%
48%	9	$1,975,000	$219,444	$5,117	4.75%
>60%	6	$1,940,000	$323,333	$3,828	4.96%

Marquette Bank lent most frequently to those with DTI ratios of 30-36%, with 113 originations. The next most common DTI ratio? 20-30%, with 105 originations.

Ethnicity Mix

Applicant Ethnicity	Originations	Total Value	Average Loan	Average Fees	Average Rate
Not applicable	100	$143,420,000	$1,434,200	$0	4.64%
White	462	$82,240,000	$178,009	$2,919	4.70%
Black	62	$7,520,000	$121,290	$3,148	4.90%
Not provided	11	$3,505,000	$318,636	$2,439	4.99%
Asian	10	$1,920,000	$192,000	$3,892	4.64%
American Indian	3	$545,000	$181,667	$0	4.92%
Native Hawaiian or Islander	1	$125,000	$125,000	$4,334	4.75%

Approval Rates

Total approvals of all applications
84.54%

Marquette Bank has a below average approval rate.

Pick Rate

Approvals leading to origination
81.82%

Marquette Bank has a below average pick rate.

Points and Fees

Points	Originations	Total Value	Average Loan
NA	649	$239,275,000	$368,683

Occupancy Type Mix

Dwelling Type	Originations	Total Value	Average Loan
Multifamily:Site-Built	102	$146,390,000	$1,435,196
Single Family (1-4 Units):Manufactured	1	$135,000	$135,000
Single Family (1-4 Units):Site-Built	546	$92,750,000	$169,872

LTV Distribution

Loan to Value	Originations	Total Value	Average Loan	Average Fees	Average Rate
20-40%	50	$31,200,000	$624,000	$947	4.60%
40-60%	86	$45,170,000	$525,233	$2,309	4.65%
60-80%	221	$117,705,000	$532,602	$3,255	4.63%
80-100%	203	$40,375,000	$198,892	$4,869	4.78%
Under 20%	89	$4,825,000	$54,213	$22	5.04%

Bank Details

Branches

Bank Name	Branch	Branch Type	Deposits (000's)
Marquette Bank	10000 West 151st Street Orland Park, IL 60462	Limited, Administrative	$0
Marquette Bank	10350 S Cicero Ave Oak Lawn, IL 60453	Full Service B&M	$82,095
Marquette Bank	15730 West 127th Street Lemont, IL 60439	Full Service B&M	$53,980
Marquette Bank	17865 South Wolf Road Orland Park, IL 60467	Full Service B&M	$113,293
Marquette Bank	1876 W. Airport Rd Romeoville, IL 60446	Full Service B&M	$16,642
Marquette Bank	234 Bolingbrook Drive Bolingbrook, IL 60440	Full Service B&M	$28,916
Marquette Bank	2570 East Lincoln Highway New Lenox, IL 60451	Full Service B&M	$50,922
Marquette Bank	3030 West Cermak Road Chicago, IL 60623	Full Service B&M	$7,744
Marquette Bank	3521 Archer Avenue Chicago, IL 60609	Full Service B&M	$40,278
Marquette Bank	5400 South Kedzie Avenue Chicago, IL 60632	Full Service B&M	$26,605
Marquette Bank	5700 West 159th Street Oak Forest, IL 60452	Full Service B&M	$88,445
Marquette Bank	615 West 31st Street Chicago, IL 60616	Full Service B&M	$50,719
Marquette Bank	6155 South Pulaski Road Chicago, IL 60629	Full Service B&M	$85,598
Marquette Bank	6316 South Western Avenue Chicago, IL 60636	Full Service B&M	$70,562
Marquette Bank	7447 West 63rd Street Summit, IL 60501	Full Service B&M	$53,651
Marquette Bank	7560 West 159th Street Orland Park, IL 60462	Full Service B&M	$109,972
Marquette Bank	8020 South Harlem Avenue Bridgeview, IL 60455	Full Service B&M	$48,319
Marquette Bank	8855 South Ridgeland Avenue Oak Lawn, IL 60453	Full Service B&M	$63,090
Marquette Bank	9335 South Kedzie Evergreen Park, IL 60805	Full Service B&M	$76,898
Marquette Bank	9503 South Roberts Road Hickory Hills, IL 60457	Full Service B&M	$51,948
Marquette Bank	9533 West 143rd Street Orland Park, IL 60462	Full Service B&M	$162,190
Marquette Bank	9858 South Western Avenue Chicago, IL 60805	Full Service B&M	$20,738
Marquette Bank	Www.Emarquettebank.Com Orland Park, IL 60462	Full Service Cyber Office	$20,264

For 2018, Marquette Bank had 23 branches.

Yearly Performance Overview

Bank Income

Item	Value (in 000's)
Total interest income	$54,783
Net interest income	$51,257
Total noninterest income	$15,763
Gross Fiduciary activities income	$1,781
Service charges on deposit accounts	$6,131
Trading account gains and fees	$0
Additional Noninterest Income	$7,851
Pre-tax net operating income	$16,859
Securities gains (or losses, -)	$0
Income before extraordinary items	$12,143
Discontinued Operations (Extraordinary gains, net)	$0
Net income of bank and minority interests	$12,143
Minority interest net income	$0
Net income	$12,143
Sale, conversion, retirement of capital stock, net	$0
Net operating income	$12,143

Marquette Bank's gross interest income from loans was $54,783,000.
Marquette Bank's net interest income from loans was $51,257,000.
Marquette Bank's fee based income from loans was $6,131,000.
Marquette Bank's net income from loans was $12,143,000.

Bank Expenses

Item	Value (in 000's)
Total interest expense	$3,526
Provision for credit losses	$870
Total noninterest expense	$49,291
Salaries and employee benefits	$25,645
Premises and equipment expense	$8,195
Additional noninterest expense	$15,451
Applicable income taxes	$4,716
Net charge-offs	$625
Cash dividends	$11,000

Marquette Bank's interest expense for loans was $3,526,000.
Marquette Bank's payroll and benefits expense were $25,645,000.
Marquette Bank's property, plant and equipment expenses $8,195,000.

Loan Performance

Type of Loan	% of Loans Noncurrent (30+ days, end of period snapshot)
All loans	1.0%
Real Estate loans	1.0%
Construction & Land Development loans	0.0%
Nonfarm, nonresidential loans	3.0%
Multifamily residential loans	0.0%
1-4 family residential loans	0.0%
HELOC loans	0.0%
All other family	1.0%
Commercial & industrial loans	0.0%
Personal loans	10.0%
Credit card loans	0.0%
Other individual loans	10.0%
Auto loans	0.0%
Other consumer loans	10.0%
Unsecured commercial real estate loans	0.0%

Deposits

Type	Value (in 000's)
Total deposits	$1,293,194
Deposits held in domestic offices	$1,293,194
Deposits by Individuals, partnerships, and corporations	$1,283,574
Deposits by U.S. Government	$10
Deposits by States and political subdivisions in the U.S.	$9,588
Deposits by Commercial banks and other depository institutions in U.S.	$22
Deposits by Banks in foreign countries	$0
Deposits by Foreign governments and official institutions	$0
Transaction accounts	$19,004
Demand deposits	$17,309
Nontransaction accounts	$1,274,190
Money market deposit accounts (MMDAs)	$593,465
Other savings deposits (excluding MMDAs)	$479,531
Total time deposits	$201,194
Total time and savings deposits	$1,275,885
Noninterest-bearing deposits	$240,552
Interest-bearing deposits	$1,052,642
Retail deposits	$1,250,409
IRAs and Keogh plan accounts	$54,950
Brokered deposits	$0
Deposits held in foreign offices	$0

Assets

Asset	Value (in 000's)
Total Assets	$1,530,355
Cash & Balances due from depository institutions	$27,828
Interest-bearing balances	$2,368
Total securities	$186,107
Federal funds sold & reverse repurchase	$0
Net loans and leases	$1,162,293
Loan and leases loss allowance	$13,134
Trading account assets	$0
Bank premises and fixed assets	$49,066
Other real estate owned	$4,539
Goodwill and other intangibles	$35,671
All other assets	$64,851

Liabilities

Liabilities	Value (in 000's)
Total liabilities and capital	$1,530,355
Total Liabilities	$1,358,809
Total deposits	$1,293,194
Interest-bearing deposits	$1,052,642
Deposits held in domestic offices	$1,293,194
% insured (estimated)	$91
Federal funds purchased and repurchase agreements	$52,568
Trading liabilities	$0
Other borrowed funds	$0
Subordinated debt	$0
All other liabilities	$13,047

Issued Loan Types

Type	Value (in 000's)
Net loans and leases	$1,162,293
Loan and leases loss allowance	$13,134
Total loans and leases (domestic)	$1,175,427
All real estate loans	$1,152,364
Real estate loans in domestic offices	$1,152,364
Construction and development loans	$45,766
Residential 1-4 family construction	$13,768
Other construction, all land development and other land	$31,998
Loans secured by nonfarm nonresidential properties	$341,920
Nonfarm nonresidential secured by owner-occupied properties	$67,447
Commercial real estate & other non-farm, non-residential	$274,473
Multifamily residential real estate	$463,494
1-4 family residential loans	$301,184
Farmland loans	$0
Loans held in foreign offices	$0
Farm loans	$0
Commercial and industrial loans	$16,393
To non-U.S. addressees	$0
Loans to individuals	$643
Credit card loans	$0
Related Plans	$387
Consumer Auto Loans	$10
Other loans to individuals	$246
All other loans & leases	$6,027
Loans to foreign governments and official institutions	$0
Other loans	$2,672
Loans to depository institutions and acceptances of other banks	$0
Loans not secured by real estate	$0
Loans secured by real estate to non-U.S. addressees	$0
Restructured Loans & leases	$8,223
Non 1-4 family restructured loans & leases	$3,884
Total loans and leases (foreign)	$0

Marquette Bank had $1,162,293,000 of loans outstanding in 2018. $1,152,364,000 of loans were in real estate loans. $45,766,000 of loans were in development loans. $463,494,000 of loans were in multifamily mortgage loans. $301,184,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $10,000 of loans were in the auto loan category.

Small Business Loans

Categorization	# of Loans in Category	$ amount of loans (in 000's)	Average $/loan
Nonfarm, nonresidential loans - <$1MM	250	$62,061	$248,244
Nonfarm, nonresidential loans - <$100k	35	$1,524	$43,543
Nonfarm, nonresidential loans - $100-250k	77	$8,071	$104,818
Nonfarm, nonresidential loans - $250k-1MM	138	$52,466	$380,188
Commercial & Industrial, US addressed loans - <$1MM	122	$8,527	$69,893
Commercial & Industrial, US addressed loans - <$100k	88	$2,128	$24,182
Commercial & Industrial, US addressed loans - $100-250k	13	$617	$47,462
Commercial & Industrial, US addressed loans - $250k-1MM	21	$5,782	$275,333