Marquette Bank Mortgage Rates, Fees & Info
Chicago, ILLEI: 549300QX0QWWJKEY4R28
Tax ID: 36-2031498
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Mortgage 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, South Bend, Phoenix, Nashville, and Kankakee among others. We have data for 19 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 an average 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.
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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
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This is not an official calculator from Marquette Bank. It uses our SimulatedRate™
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
613Origination Dollar Volume (All Markets)
$309,065,000Awards
Marquette Bank - 2022
Marquette Bank is a 2022 , due to their low .
For 2022, less than of lenders were eligible for this award.
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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) | 586 | $290,560,000 | $495,836 | $3,125 | 4.18% |
| SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) | 1 | $10,005,000 | $10,005,000 | $0 | 2.95% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 7 | $2,765,000 | $395,000 | $3,667 | 4.64% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 1 | $645,000 | $645,000 | $4,766 | 3.38% |
| KANKAKEE, IL (FHA|USDA|VA) | 2 | $620,000 | $310,000 | $6,872 | 4.25% |
| MICHIGAN CITY-LA PORTE, IN (FHA|USDA|VA) | 2 | $600,000 | $300,000 | $2,059 | 3.88% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 2 | $510,000 | $255,000 | $4,646 | 5.19% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $4,859 | 3.13% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $3,711 | 3.63% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $0 | 7.63% |
| Sturgis, MI (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $9,619 | 5.63% |
| Steamboat Springs, CO (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $0 | 6.00% |
| MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $1,990 | 4.75% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $3,236 | 4.13% |
| Bardstown, KY (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $4,861 | 4.50% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $0 | 2.88% |
| Outside of Metro Areas | 1 | $195,000 | $195,000 | $2,326 | 5.38% |
| JANESVILLE-BELOIT, WI (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $2,093 | 2.75% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $2,990 | 5.63% |
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 | 577 | $301,255,000 | $522,106 | $2,845 | 4.17% |
| FHA | 36 | $7,810,000 | $216,944 | $7,847 | 4.65% |
For 2022, Marquette Bank's most frequently originated type of loan was Conventional, with 577 originations. Their 2nd most popular type was FHA, with 36 originations.
Loan Reason
For 2022, Marquette Bank's most frequently cited loan purpose was Home Purchase, with 306 originations. The 2nd most popular reason was Refi, with 112 originations.
Loan Duration/Length
For 2022, Marquette Bank's most frequently cited loan duration was 30 Year, with 381 originations. The 2nd most popular length was 5 Year, with 66 originations.
Origination Fees/Closing Costs
Marquette Bank's average total fees were $4,818, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 400 originations.
Interest Rates
During 2022, Marquette Bank's average interest rate for loans was 4.61%, while their most frequently originated rate bucket for loans was 3-4%, with 167 originations.
Loan Sizing
2022 saw Marquette Bank place emphasis on $200k-400k loans with 175 originations, totaling $50,215,000 in origination value.
Applicant Income
Marquette Bank lent most frequently to those with incomes in the $100k-150k range, with 126 originations. The second most popular income band? $50k-75k, with 106 originations.
Applicant Debt to Income Ratio
Marquette Bank lent most frequently to those with DTI ratios of 30-36%, with 114 originations. The next most common DTI ratio? 20-30%, with 96 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications90.20%
Marquette Bank has an average approval rate.
Pick Rate
Approvals leading to origination83.69%
Marquette Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 613 | $309,065,000 | $504,184 |