Pan American Bank & Trust Mortgage Rates, Fees & Info
Melrose Park, ILLEI: 549300R9XZ3VYIG5O043
Tax ID: 36-4056762
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Mortgage Data
Review & Overview
Pan American Bank & Trust is a smaller bank specializing in Refi and Home Purchase loans. Pan American Bank & Trust has a high proportion of conventional loans. Their top (well, only) market is Chicago.Pan American Bank & Trust has an average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders.
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Originations
40Origination Dollar Volume (All Markets)
$35,730,000Top 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) | 40 | $35,730,000 | $893,250 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 40 | $35,730,000 | $893,250 | $0 | 0.00% |
For 2018, Pan American Bank & Trust's most frequently originated type of loan was Conventional, with 40 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Refi | 24 | $21,700,000 | $904,167 | $0 | 0.00% |
| Home Purchase | 15 | $13,995,000 | $933,000 | $0 | 0.00% |
| Home Improvement | 1 | $35,000 | $35,000 | $0 | 0.00% |
For 2018, Pan American Bank & Trust's most frequently cited loan purpose was Refi, with 24 originations. The 2nd most popular reason was Home Purchase, with 15 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 40 | $35,730,000 | $893,250 | $0 | 0.00% |
For 2018, Pan American Bank & Trust's most frequently cited loan duration was Other, with 40 originations.
Loan Sizing
2018 saw Pan American Bank & Trust place emphasis on $200k-400k loans with 14 originations, totaling $3,960,000 in origination value.
Applicant Income
Pan American Bank & Trust lent most frequently to those with incomes in the $150k-250k range, with 7 originations. The second most popular income band? $100k-150k, with 2 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 40 | $35,730,000 | $893,250 | $0 | 0.00% |
Pan American Bank & Trust lent most frequently to those with DTI ratios of Exempt%, with 40 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications88.24%
Pan American Bank & Trust has an average approval rate.
Pick Rate
Approvals leading to origination90.00%
Pan American Bank & Trust has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 40 | $35,730,000 | $893,250 |