Marquette Bank Mortgage Rates, Fees & Info

Chicago, IL

LEI: 549300QX0QWWJKEY4R28

Tax ID: 36-2031498

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Mortgage Data

Bank 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, Cape Coral, Kankakee, and Michigan City among others. We have data for 26 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.

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SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
30 Year Conventional Purchase 6.48% 12/2/24
30 Year Conventional Refi 6.33% 12/2/24
30 Year Cash-out Refi 6.69% 12/2/24
30 Year FHA Purchase 7.00% 12/2/24
30 Year FHA Refi 7.25% 12/2/24
15 Year Conventional Purchase 5.88% 12/2/24
15 Year Conventional Refi 6.13% 12/2/24
15 Year Cash-out Refi 6.13% 12/2/24
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






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

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

834

Origination Dollar Volume (All Markets)

$257,160,000

Employee count

344 Show all (5) 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) 781 $245,105,000 $313,835 $2,714 4.16%
Outside of Metro Areas 11 $2,515,000 $228,636 $2,778 3.97%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 8 $1,800,000 $225,000 $3,334 4.11%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 4 $1,600,000 $400,000 $4,019 3.78%
KANKAKEE, IL (FHA|USDA|VA) 4 $780,000 $195,000 $4,401 3.75%
MICHIGAN CITY-LA PORTE, IN (FHA|USDA|VA) 4 $720,000 $180,000 $2,095 3.94%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 2 $630,000 $315,000 $3,398 3.25%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 1 $485,000 $485,000 $3,023 4.00%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 1 $395,000 $395,000 $4,031 4.13%
MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 1 $385,000 $385,000 $2,236 4.38%
BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 1 $285,000 $285,000 $2,433 3.50%
BLOOMINGTON, IL (FHA|USDA|VA) 2 $280,000 $140,000 $2,432 4.13%
KNOXVILLE, TN (FHA|USDA|VA) 1 $275,000 $275,000 $3,040 4.63%
TUCSON, AZ (FHA|USDA|VA) 1 $275,000 $275,000 $2,306 3.75%
Ottawa, IL (FHA|USDA|VA) 1 $265,000 $265,000 $3,884 3.75%
Whitewater, WI (FHA|USDA|VA) 1 $215,000 $215,000 $0 5.00%
LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 1 $175,000 $175,000 $1,784 3.75%
Manitowoc, WI (FHA|USDA|VA) 1 $145,000 $145,000 $2,037 3.63%
DANVILLE, IL (FHA|USDA|VA) 1 $135,000 $135,000 $2,043 3.63%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 1 $125,000 $125,000 $4,836 3.75%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 1 $115,000 $115,000 $3,254 4.25%
Somerset, KY (FHA|USDA|VA) 1 $115,000 $115,000 $2,565 5.25%
Sturgis, MI (FHA|USDA|VA) 1 $105,000 $105,000 $2,459 4.50%
CHAMPAIGN-URBANA, IL (FHA|USDA|VA) 1 $105,000 $105,000 $2,088 4.00%
NILES, MI (FHA|USDA|VA) 1 $85,000 $85,000 $2,238 4.25%
PEORIA, IL (FHA|USDA|VA) 1 $45,000 $45,000 $0 4.88%
Marquette Bank's top markets include Chicago, Phoenix, Cape Coral, Kankakee, and Michigan City among others.

Their top states include:
  • Illinois (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Indiana (FHA|USDA|VA)
  • Arizona (FHA|USDA|VA)
  • Michigan (FHA|USDA|VA)
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 777 $247,685,000 $318,771 $2,466 4.16%
    FHA 57 $9,475,000 $166,228 $6,742 3.99%

    For 2019, Marquette Bank's most frequently originated type of loan was Conventional, with 777 originations. Their 2nd most popular type was FHA, with 57 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 341 $104,565,000 $306,642 $4,711 4.19%
    Refi 274 $121,490,000 $443,394 $1,671 4.01%
    Cash Out Refi 129 $24,065,000 $186,550 $2,050 3.99%
    Home Improvement 61 $4,725,000 $77,459 $152 4.97%
    Other 29 $2,315,000 $79,828 $850 4.70%

    For 2019, Marquette Bank's most frequently cited loan purpose was Home Purchase, with 341 originations. The 2nd most popular reason was Refi, with 274 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 568 $208,640,000 $367,324 $3,540 4.07%
    15 Year 86 $14,860,000 $172,791 $1,820 3.88%
    20 Year 62 $10,190,000 $164,355 $1,378 4.51%
    5 Year 48 $3,390,000 $70,625 $0 4.78%
    10 Year 29 $3,575,000 $123,276 $1,041 4.47%
    Other 28 $13,960,000 $498,571 $1,432 4.29%
    1 Year 7 $2,395,000 $342,143 $0 6.46%
    3 Year 6 $150,000 $25,000 $0 4.46%

    For 2019, Marquette Bank's most frequently cited loan duration was 30 Year, with 568 originations. The 2nd most popular length was 15 Year, with 86 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 609 $120,865,000 $198,465
    $1k-2k 75 $11,335,000 $151,133
    $2k-3k 22 $7,880,000 $358,182
    $3k-4k 1 $435,000 $435,000
    $4k-5k 1 $455,000 $455,000

    Marquette Bank's average total fees were $3,540, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 609 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 435 $144,785,000 $332,839
    4-5% 275 $99,415,000 $361,509
    5-6% 80 $8,630,000 $107,875
    2.5-3% 8 $2,920,000 $365,000
    6-7% 4 $710,000 $177,500
    <2.5% 2 $40,000 $20,000
    7-8% 2 $250,000 $125,000

    During 2019, Marquette Bank's average interest rate for loans was 4.07%, while their most frequently originated rate bucket for loans was 3-4%, with 435 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 273 $77,185,000 $282,729 $3,307 3.94%
    $100k-200k 258 $38,560,000 $149,457 $3,061 4.12%
    $100,000 or less 181 $9,055,000 $50,028 $1,163 4.63%
    $400k-600k 63 $29,155,000 $462,778 $3,629 3.98%
    $1MM+ 34 $83,730,000 $2,462,647 $2,106 4.16%
    $600k-1MM 25 $19,475,000 $779,000 $3,553 4.05%

    2019 saw Marquette Bank place emphasis on $200k-400k loans with 273 originations, totaling $77,185,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 185 $27,755,000 $150,027 $2,861 4.13%
    $50k or less 147 $16,515,000 $112,347 $2,628 4.32%
    $100k-150k 140 $32,410,000 $231,500 $2,396 4.09%
    $75k-100k 137 $27,205,000 $198,577 $2,865 4.10%
    $150k-250k 96 $29,070,000 $302,813 $2,889 3.90%
    $250k+ 26 $11,850,000 $455,769 $3,084 3.73%

    Marquette Bank lent most frequently to those with incomes in the $50k-75k range, with 185 originations. The second most popular income band? $50k or less, with 147 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 160 $33,670,000 $210,438 $2,522 3.92%
    30-36% 139 $28,415,000 $204,424 $2,269 4.08%
    <20% 52 $8,390,000 $161,346 $2,530 3.97%
    41% 42 $7,950,000 $189,286 $2,713 4.14%
    39% 37 $6,255,000 $169,054 $2,636 4.22%
    40% 37 $6,455,000 $174,459 $2,087 4.33%
    44% 36 $6,290,000 $174,722 $2,502 4.13%
    42% 30 $4,600,000 $153,333 $1,796 4.44%
    38% 27 $6,055,000 $224,259 $3,456 4.14%
    37% 26 $4,730,000 $181,923 $2,677 4.27%
    43% 22 $4,740,000 $215,455 $2,805 4.23%
    >60% 19 $5,395,000 $283,947 $3,041 4.26%
    36% 19 $3,585,000 $188,684 $2,692 4.35%
    48% 19 $3,095,000 $162,895 $3,860 4.10%
    50-60% 16 $3,040,000 $190,000 $6,055 3.82%
    49% 15 $4,165,000 $277,667 $4,576 4.12%
    45% 14 $2,460,000 $175,714 $3,865 4.18%
    47% 12 $2,640,000 $220,000 $4,163 3.94%
    46% 11 $2,405,000 $218,636 $3,334 4.27%

    Marquette Bank lent most frequently to those with DTI ratios of 20-30%, with 160 originations. The next most common DTI ratio? 30-36%, with 139 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 644 $134,180,000 $208,354 $2,657 4.06%
    Not applicable 90 $108,670,000 $1,207,444 $0 4.40%
    Black 79 $9,755,000 $123,481 $3,352 4.44%
    Asian 13 $3,365,000 $258,846 $3,859 4.40%
    Not provided 4 $650,000 $162,500 $5,605 4.53%
    American Indian 3 $435,000 $145,000 $1,864 4.71%
    Native Hawaiian or Islander 1 $105,000 $105,000 $0 5.75%

    Approval Rates

    Total approvals of all applications
    86.56%

    Marquette Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    85.97%

    Marquette Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 834 $257,160,000 $308,345

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 69 $100,735,000 $1,459,928
    Single Family (1-4 Units):Manufactured 1 $115,000 $115,000
    Single Family (1-4 Units):Site-Built 764 $156,310,000 $204,594

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 62 $12,660,000 $204,194 $1,298 4.44%
    40-60% 105 $38,725,000 $368,810 $2,350 4.16%
    60-80% 337 $146,825,000 $435,682 $2,706 4.00%
    80-100% 251 $54,835,000 $218,466 $4,275 4.08%
    Under 20% 79 $4,115,000 $52,089 $103 5.01%

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    Market Place Mortgage Corp. FHA mortgage Applying for a mortgage or refinancing an existing mortgage 1 50.0%
    Market Place Mortgage Corp. FHA mortgage Closing on a mortgage 1 50.0%

    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 $82,229
    Marquette Bank 15730 West 127th Street Lemont, IL 60439 Full Service B&M $57,216
    Marquette Bank 17865 South Wolf Road Orland Park, IL 60467 Full Service B&M $119,692
    Marquette Bank 1876 W. Airport Rd Romeoville, IL 60446 Full Service B&M $19,593
    Marquette Bank 234 Bolingbrook Drive Bolingbrook, IL 60440 Full Service B&M $28,030
    Marquette Bank 2570 East Lincoln Highway New Lenox, IL 60451 Full Service B&M $48,533
    Marquette Bank 3030 West Cermak Road Chicago, IL 60623 Full Service B&M $7,649
    Marquette Bank 3521 Archer Avenue Chicago, IL 60609 Full Service B&M $45,560
    Marquette Bank 5400 South Kedzie Avenue Chicago, IL 60632 Full Service B&M $29,296
    Marquette Bank 5700 West 159th Street Oak Forest, IL 60452 Full Service B&M $88,954
    Marquette Bank 615 West 31st Street Chicago, IL 60616 Full Service B&M $70,256
    Marquette Bank 6155 South Pulaski Road Chicago, IL 60629 Full Service B&M $83,915
    Marquette Bank 6316 South Western Avenue Chicago, IL 60636 Full Service B&M $67,901
    Marquette Bank 7447 West 63rd Street Summit, IL 60501 Full Service B&M $55,757
    Marquette Bank 7560 West 159th Street Orland Park, IL 60462 Full Service B&M $111,834
    Marquette Bank 8020 South Harlem Avenue Bridgeview, IL 60455 Full Service B&M $51,823
    Marquette Bank 8855 South Ridgeland Avenue Oak Lawn, IL 60453 Full Service B&M $67,308
    Marquette Bank 9335 South Kedzie Evergreen Park, IL 60805 Full Service B&M $75,215
    Marquette Bank 9503 South Roberts Road Hickory Hills, IL 60457 Full Service B&M $49,788
    Marquette Bank 9533 West 143rd Street Orland Park, IL 60462 Full Service B&M $164,518
    Marquette Bank 9858 South Western Avenue Chicago, IL 60805 Full Service B&M $21,349
    Marquette Bank Www.Emarquettebank.Com Orland Park, IL 60462 Full Service Cyber Office $10,042

    For 2019, Marquette Bank had 23 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $57,546
    Net interest income $50,814
    Total noninterest income $17,354
    Gross Fiduciary activities income $1,795
    Service charges on deposit accounts $5,759
    Trading account gains and fees $0
    Additional Noninterest Income $9,800
    Pre-tax net operating income $15,160
    Securities gains (or losses, -) $0
    Income before extraordinary items $11,238
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $11,238
    Minority interest net income $0
    Net income $11,238
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $11,238

    Marquette Bank's gross interest income from loans was $57,546,000.
    Marquette Bank's net interest income from loans was $50,814,000.
    Marquette Bank's fee based income from loans was $5,759,000.
    Marquette Bank's net income from loans was $11,238,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $6,732
    Provision for credit losses $1,640
    Total noninterest expense $51,368
    Salaries and employee benefits $26,229
    Premises and equipment expense $8,456
    Additional noninterest expense $16,683
    Applicable income taxes $3,922
    Net charge-offs $782
    Cash dividends $10,500

    Marquette Bank's interest expense for loans was $6,732,000.
    Marquette Bank's payroll and benefits expense were $26,229,000.
    Marquette Bank's property, plant and equipment expenses $8,456,000.

    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 4.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 1.0%
    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 $1,375,240
    Deposits held in domestic offices $1,375,240
    Deposits by Individuals, partnerships, and corporations $1,361,492
    Deposits by U.S. Government $11
    Deposits by States and political subdivisions in the U.S. $13,715
    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 $18,224
    Demand deposits $17,143
    Nontransaction accounts $1,357,016
    Money market deposit accounts (MMDAs) $594,786
    Other savings deposits (excluding MMDAs) $515,545
    Total time deposits $246,685
    Total time and savings deposits $1,358,097
    Noninterest-bearing deposits $249,075
    Interest-bearing deposits $1,126,165
    Retail deposits $1,309,917
    IRAs and Keogh plan accounts $53,805
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $1,619,703
    Cash & Balances due from depository institutions $47,517
    Interest-bearing balances $16,840
    Total securities $228,965
    Federal funds sold & reverse repurchase $0
    Net loans and leases $1,193,540
    Loan and leases loss allowance $13,992
    Trading account assets $0
    Bank premises and fixed assets $51,467
    Other real estate owned $2,730
    Goodwill and other intangibles $35,604
    All other assets $59,880

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $1,619,703
    Total Liabilities $1,444,396
    Total deposits $1,375,240
    Interest-bearing deposits $1,126,165
    Deposits held in domestic offices $1,375,240
    % insured (estimated) $88
    Federal funds purchased and repurchase agreements $56,839
    Trading liabilities $0
    Other borrowed funds $1,929
    Subordinated debt $0
    All other liabilities $10,388

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $1,193,540
    Loan and leases loss allowance $13,992
    Total loans and leases (domestic) $1,207,532
    All real estate loans $1,184,840
    Real estate loans in domestic offices $1,184,840
    Construction and development loans $56,409
    Residential 1-4 family construction $19,512
    Other construction, all land development and other land $36,897
    Loans secured by nonfarm nonresidential properties $308,477
    Nonfarm nonresidential secured by owner-occupied properties $53,805
    Commercial real estate & other non-farm, non-residential $254,672
    Multifamily residential real estate $525,909
    1-4 family residential loans $294,045
    Farmland loans $0
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $17,392
    To non-U.S. addressees $0
    Loans to individuals $560
    Credit card loans $0
    Related Plans $364
    Consumer Auto Loans $2
    Other loans to individuals $194
    All other loans & leases $4,740
    Loans to foreign governments and official institutions $0
    Other loans $3,352
    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 $7,650
    Non 1-4 family restructured loans & leases $4,135
    Total loans and leases (foreign) $0

    Marquette Bank had $1,193,540,000 of loans outstanding in 2019. $1,184,840,000 of loans were in real estate loans. $56,409,000 of loans were in development loans. $525,909,000 of loans were in multifamily mortgage loans. $294,045,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $2,000 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 244 $61,225 $250,922
    Nonfarm, nonresidential loans - <$100k 33 $1,440 $43,636
    Nonfarm, nonresidential loans - $100-250k 74 $8,396 $113,459
    Nonfarm, nonresidential loans - $250k-1MM 137 $51,389 $375,102
    Commercial & Industrial, US addressed loans - <$1MM 165 $9,248 $56,048
    Commercial & Industrial, US addressed loans - <$100k 117 $2,387 $20,402
    Commercial & Industrial, US addressed loans - $100-250k 27 $2,091 $77,444
    Commercial & Industrial, US addressed loans - $250k-1MM 21 $4,770 $227,143