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 Refi and Home Purchase 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, Peoria, Warsaw, Naples, and Phoenix among others. We have data for 34 markets. (Some data included below & more in-depth data is available with an active subscription.)

Marquette Bank 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. 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% 4/28/24
30 Year Conventional Refi 6.33% 4/28/24
30 Year Cash-out Refi 6.69% 4/28/24
30 Year FHA Purchase 7.00% 4/28/24
30 Year FHA Refi 7.25% 4/28/24
15 Year Conventional Purchase 5.88% 4/28/24
15 Year Conventional Refi 6.13% 4/28/24
15 Year Cash-out Refi 6.13% 4/28/24
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

1,192

Origination Dollar Volume (All Markets)

$434,250,000

Employee count

307 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) 1,126 $401,920,000 $356,945 $2,497 2.72%
PEORIA, IL (FHA|USDA|VA) 2 $6,820,000 $3,410,000 $0 3.19%
Warsaw, IN (FHA|USDA|VA) 1 $5,005,000 $5,005,000 $0 2.75%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 2 $3,110,000 $1,555,000 $10,092 2.94%
Outside of Metro Areas 9 $2,615,000 $290,556 $2,698 2.89%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 8 $2,200,000 $275,000 $3,794 2.78%
MICHIGAN CITY-LA PORTE, IN (FHA|USDA|VA) 8 $1,510,000 $188,750 $2,162 2.58%
MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 3 $1,285,000 $428,333 $2,085 3.04%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 1 $1,125,000 $1,125,000 $9,025 2.25%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 2 $760,000 $380,000 $4,344 2.94%
SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) 3 $645,000 $215,000 $2,314 2.71%
KANKAKEE, IL (FHA|USDA|VA) 3 $615,000 $205,000 $1,733 2.54%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 1 $605,000 $605,000 $2,733 2.63%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 2 $570,000 $285,000 $3,013 2.56%
Steamboat Springs, CO (FHA|USDA|VA) 1 $505,000 $505,000 $0 2.75%
SANTA FE, NM (FHA|USDA|VA) 1 $385,000 $385,000 $3,518 2.63%
COLORADO SPRINGS, CO (FHA|USDA|VA) 1 $365,000 $365,000 $3,337 2.38%
GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) 1 $365,000 $365,000 $3,404 3.00%
NILES, MI (FHA|USDA|VA) 1 $355,000 $355,000 $2,517 2.88%
GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 1 $355,000 $355,000 $3,322 2.63%
KANSAS CITY, MO-KS (FHA|USDA|VA) 1 $315,000 $315,000 $2,287 2.75%
Ottawa, IL (FHA|USDA|VA) 2 $290,000 $145,000 $2,779 2.94%
Freeport, IL (FHA|USDA|VA) 1 $285,000 $285,000 $2,747 3.13%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 1 $285,000 $285,000 $4,143 2.63%
MOBILE, AL (FHA|USDA|VA) 1 $275,000 $275,000 $2,842 3.00%
DANVILLE, IL (FHA|USDA|VA) 1 $275,000 $275,000 $7,145 2.38%
Sturgis, MI (FHA|USDA|VA) 1 $225,000 $225,000 $2,795 3.25%
WAUSAU-WESTON, WI (FHA|USDA|VA) 1 $215,000 $215,000 $2,671 2.88%
ALBUQUERQUE, NM (FHA|USDA|VA) 1 $215,000 $215,000 $3,199 3.00%
LAFAYETTE-WEST LAFAYETTE, IN (FHA|USDA|VA) 1 $215,000 $215,000 $4,316 3.25%
Angola, IN (FHA|USDA|VA) 1 $195,000 $195,000 $2,208 3.00%
Whitewater, WI (FHA|USDA|VA) 1 $125,000 $125,000 $0 3.50%
LOUISVILLE, KY (FHA|USDA|VA) 1 $115,000 $115,000 $2,066 2.75%
Dixon, IL (FHA|USDA|VA) 1 $105,000 $105,000 $1,659 2.13%
Marquette Bank's top markets include Chicago, Peoria, Warsaw, Naples, and Phoenix among others.

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

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,142 $423,260,000 $370,630 $2,372 2.72%
    FHA 50 $10,990,000 $219,800 $7,846 2.79%

    For 2021, Marquette Bank's most frequently originated type of loan was Conventional, with 1,142 originations. Their 2nd most popular type was FHA, with 50 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 531 $236,265,000 $444,944 $1,784 2.67%
    Home Purchase 342 $138,640,000 $405,380 $4,933 2.94%
    Cash Out Refi 239 $53,215,000 $222,657 $1,898 2.76%
    Home Improvement 62 $2,970,000 $47,903 $336 1.80%
    Other 18 $3,160,000 $175,556 $1,623 2.97%

    For 2021, Marquette Bank's most frequently cited loan purpose was Refi, with 531 originations. The 2nd most popular reason was Home Purchase, with 342 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 700 $330,940,000 $472,771 $3,242 2.96%
    15 Year 227 $45,365,000 $199,846 $1,909 2.34%
    20 Year 121 $26,785,000 $221,364 $1,886 2.60%
    10 Year 61 $8,895,000 $145,820 $1,688 2.36%
    5 Year 41 $2,725,000 $66,463 $0 0.99%
    Other 38 $19,140,000 $503,684 $1,126 3.30%
    1 Year 3 $395,000 $131,667 $0 4.58%
    3 Year 1 $5,000 $5,000 $0 4.00%

    For 2021, Marquette Bank's most frequently cited loan duration was 30 Year, with 700 originations. The 2nd most popular length was 15 Year, with 227 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 955 $220,035,000 $230,403
    $1k-2k 60 $10,990,000 $183,167
    $3k-4k 15 $6,725,000 $448,333
    $2k-3k 13 $4,235,000 $325,769

    Marquette Bank's average total fees were $3,242, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 955 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 567 $176,855,000 $311,914
    <2.5% 362 $67,950,000 $187,707
    3-4% 250 $188,120,000 $752,480
    4-5% 7 $865,000 $123,571
    5-6% 6 $460,000 $76,667

    During 2021, Marquette Bank's average interest rate for loans was 2.96%, while their most frequently originated rate bucket for loans was 2.5-3%, with 567 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 461 $128,875,000 $279,555 $2,865 2.73%
    $100k-200k 411 $62,215,000 $151,375 $2,231 2.69%
    $100,000 or less 132 $7,330,000 $55,530 $1,246 2.27%
    $400k-600k 84 $39,040,000 $464,762 $3,909 2.90%
    $1MM+ 62 $164,260,000 $2,649,355 $6,753 3.37%
    $600k-1MM 42 $32,530,000 $774,524 $2,733 3.14%

    2021 saw Marquette Bank place emphasis on $200k-400k loans with 461 originations, totaling $128,875,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 274 $67,370,000 $245,876 $2,512 2.61%
    $50k-75k 234 $39,310,000 $167,991 $2,518 2.69%
    $75k-100k 227 $47,895,000 $210,991 $2,356 2.60%
    $150k-250k 157 $55,155,000 $351,306 $2,769 2.70%
    $50k or less 148 $19,880,000 $134,324 $2,528 2.68%
    $250k+ 41 $19,915,000 $485,732 $3,168 2.68%

    Marquette Bank lent most frequently to those with incomes in the $100k-150k range, with 274 originations. The second most popular income band? $50k-75k, with 234 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 250 $58,370,000 $233,480 $2,307 2.59%
    30-36% 195 $44,125,000 $226,282 $2,412 2.62%
    <20% 95 $17,735,000 $186,684 $2,013 2.48%
    44% 52 $11,990,000 $230,577 $3,029 2.84%
    42% 48 $9,730,000 $202,708 $2,182 2.63%
    41% 46 $10,050,000 $218,478 $2,615 2.56%
    39% 46 $11,930,000 $259,348 $2,629 2.83%
    40% 45 $11,045,000 $245,444 $2,666 2.70%
    38% 41 $10,435,000 $254,512 $2,414 2.77%
    49% 39 $7,905,000 $202,692 $2,732 2.72%
    37% 37 $8,345,000 $225,541 $2,179 2.63%
    43% 32 $8,150,000 $254,688 $3,381 2.75%
    36% 31 $10,245,000 $330,484 $2,819 2.66%
    45% 29 $6,145,000 $211,897 $2,942 2.68%
    46% 29 $6,965,000 $240,172 $3,004 2.82%
    48% 28 $7,290,000 $260,357 $2,261 2.71%
    47% 25 $5,055,000 $202,200 $2,591 2.65%
    50-60% 14 $3,080,000 $220,000 $6,692 2.55%
    >60% 9 $2,785,000 $309,444 $2,944 3.03%

    Marquette Bank lent most frequently to those with DTI ratios of 20-30%, with 250 originations. The next most common DTI ratio? 30-36%, with 195 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 981 $233,945,000 $238,476 $2,490 2.65%
    Not applicable 90 $176,740,000 $1,963,778 $0 3.53%
    Black 84 $15,510,000 $184,643 $3,441 2.81%
    Asian 23 $6,305,000 $274,130 $2,694 2.80%
    Not provided 10 $1,420,000 $142,000 $2,116 2.55%
    American Indian 4 $330,000 $82,500 $786 1.13%

    Approval Rates

    Total approvals of all applications
    93.52%

    Marquette Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    89.43%

    Marquette Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 1,192 $434,250,000 $364,304

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    1,192 $434,250,000 $364,304

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 95 $28,215,000 $297,000 $2,022 2.71%
    40-60% 239 $93,225,000 $390,063 $2,023 2.63%
    60-80% 557 $244,655,000 $439,237 $2,297 2.81%
    80-100% 245 $65,695,000 $268,143 $4,378 2.85%
    Under 20% 56 $2,460,000 $43,929 $98 1.74%

    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 $97,359
    Marquette Bank 15730 West 127th Street Lemont, IL 60439 Full Service B&M $73,889
    Marquette Bank 17865 South Wolf Road Orland Park, IL 60467 Full Service B&M $143,435
    Marquette Bank 1876 W. Airport Rd Romeoville, IL 60446 Full Service B&M $22,150
    Marquette Bank 234 Bolingbrook Drive Bolingbrook, IL 60440 Full Service B&M $36,480
    Marquette Bank 2570 East Lincoln Highway New Lenox, IL 60451 Full Service B&M $68,014
    Marquette Bank 3435 West 111th Street Chicago, IL 60655 Full Service B&M $39,616
    Marquette Bank 3521 Archer Avenue Chicago, IL 60609 Full Service B&M $60,704
    Marquette Bank 5400 South Kedzie Avenue Chicago, IL 60632 Full Service B&M $41,340
    Marquette Bank 5700 West 159th Street Oak Forest, IL 60452 Full Service B&M $116,622
    Marquette Bank 615 West 31st Street Chicago, IL 60616 Full Service B&M $101,735
    Marquette Bank 6155 South Pulaski Road Chicago, IL 60629 Full Service B&M $98,240
    Marquette Bank 6316 South Western Avenue Chicago, IL 60636 Full Service B&M $88,934
    Marquette Bank 7447 West 63rd Street Summit, IL 60501 Full Service B&M $70,314
    Marquette Bank 7560 West 159th Street Orland Park, IL 60462 Full Service B&M $121,409
    Marquette Bank 8020 South Harlem Avenue Bridgeview, IL 60455 Full Service B&M $58,682
    Marquette Bank 8855 South Ridgeland Avenue Oak Lawn, IL 60453 Full Service B&M $78,472
    Marquette Bank 9335 South Kedzie Evergreen Park, IL 60805 Full Service B&M $87,475
    Marquette Bank 9503 South Roberts Road Hickory Hills, IL 60457 Full Service B&M $59,828
    Marquette Bank 9533 West 143rd Street Orland Park, IL 60462 Full Service B&M $187,122
    Marquette Bank Www.Emarquettebank.Com Orland Park, IL 60462 Full Service Cyber Office $13,225

    For 2021, Marquette Bank had 22 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $55,153
    Net interest income $53,077
    Total noninterest income $17,872
    Gross Fiduciary activities income $2,032
    Service charges on deposit accounts $4,238
    Trading account gains and fees $0
    Additional Noninterest Income $11,602
    Pre-tax net operating income $14,965
    Securities gains (or losses, -) $0
    Income before extraordinary items $11,085
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $11,085
    Minority interest net income $0
    Net income $11,085
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $11,085

    Marquette Bank's gross interest income from loans was $55,153,000.
    Marquette Bank's net interest income from loans was $53,077,000.
    Marquette Bank's fee based income from loans was $4,238,000.
    Marquette Bank's net income from loans was $11,085,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $2,076
    Provision for credit losses $2,388
    Total noninterest expense $53,596
    Salaries and employee benefits $27,352
    Premises and equipment expense $8,919
    Additional noninterest expense $17,325
    Applicable income taxes $3,880
    Net charge-offs $2,231
    Cash dividends $6,000

    Marquette Bank's interest expense for loans was $2,076,000.
    Marquette Bank's payroll and benefits expense were $27,352,000.
    Marquette Bank's property, plant and equipment expenses $8,919,000.

    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 1.0%
    HELOC loans 1.0%
    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 $1,740,228
    Deposits held in domestic offices $1,740,228
    Deposits by Individuals, partnerships, and corporations $1,723,868
    Deposits by U.S. Government $70
    Deposits by States and political subdivisions in the U.S. $16,268
    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 $649,224
    Demand deposits $382,604
    Nontransaction accounts $1,091,004
    Money market deposit accounts (MMDAs) $181,635
    Other savings deposits (excluding MMDAs) $702,879
    Total time deposits $206,490
    Total time and savings deposits $1,357,624
    Noninterest-bearing deposits $382,604
    Interest-bearing deposits $1,357,624
    Retail deposits $1,678,215
    IRAs and Keogh plan accounts $50,572
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $2,020,608
    Cash & Balances due from depository institutions $109,480
    Interest-bearing balances $74,715
    Total securities $488,664
    Federal funds sold & reverse repurchase $0
    Net loans and leases $1,268,715
    Loan and leases loss allowance $14,443
    Trading account assets $0
    Bank premises and fixed assets $51,480
    Other real estate owned $1,000
    Goodwill and other intangibles $35,779
    All other assets $65,490

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $2,020,608
    Total Liabilities $1,841,806
    Total deposits $1,740,228
    Interest-bearing deposits $1,357,624
    Deposits held in domestic offices $1,740,228
    % insured (estimated) $86
    Federal funds purchased and repurchase agreements $88,444
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $13,134

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $1,268,715
    Loan and leases loss allowance $14,443
    Total loans and leases (domestic) $1,283,158
    All real estate loans $1,267,318
    Real estate loans in domestic offices $1,267,318
    Construction and development loans $51,869
    Residential 1-4 family construction $12,089
    Other construction, all land development and other land $39,780
    Loans secured by nonfarm nonresidential properties $275,061
    Nonfarm nonresidential secured by owner-occupied properties $30,195
    Commercial real estate & other non-farm, non-residential $244,866
    Multifamily residential real estate $679,338
    1-4 family residential loans $260,226
    Farmland loans $824
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $13,800
    To non-U.S. addressees $0
    Loans to individuals $364
    Credit card loans $0
    Related Plans $189
    Consumer Auto Loans $0
    Other loans to individuals $175
    All other loans & leases $1,676
    Loans to foreign governments and official institutions $0
    Other loans $1,140
    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 $6,704
    Non 1-4 family restructured loans & leases $4,057
    Total loans and leases (foreign) $0

    Marquette Bank had $1,268,715,000 of loans outstanding in 2021. $1,267,318,000 of loans were in real estate loans. $51,869,000 of loans were in development loans. $679,338,000 of loans were in multifamily mortgage loans. $260,226,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $0 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 214 $51,584 $241,047
    Nonfarm, nonresidential loans - <$100k 28 $817 $29,179
    Nonfarm, nonresidential loans - $100-250k 70 $7,333 $104,757
    Nonfarm, nonresidential loans - $250k-1MM 116 $43,434 $374,431
    Commercial & Industrial, US addressed loans - <$1MM 159 $7,335 $46,132
    Commercial & Industrial, US addressed loans - <$100k 112 $2,254 $20,125
    Commercial & Industrial, US addressed loans - $100-250k 33 $1,996 $60,485
    Commercial & Industrial, US addressed loans - $250k-1MM 14 $3,085 $220,357
    Farmland loans - <$1MM 1 $249 $249,000
    Farmland loans - $250k-1MM 1 $249 $249,000