Wintrust Bank N.a. Mortgage Rates, Fees & Info
Chicago, ILLEI: 549300RAQJBTN6Z28096
Tax ID: 36-3970472
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Mortgage Data
Review & Overview
Wintrust Bank N.a. is a smaller bank specializing in Home Purchase and Refi loans. Wintrust Bank N.a. 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, Orlando, Flint, and Miami among others. We have data for 20 markets. (Some data included below & more in-depth data is available with an active subscription.)Wintrust Bank N.a. 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.
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Originations
323Origination Dollar Volume (All Markets)
$461,715,000Top 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) | 294 | $292,140,000 | $993,673 | $0 | 0.00% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 5 | $43,095,000 | $8,619,000 | $0 | 0.00% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 2 | $40,340,000 | $20,170,000 | $0 | 0.00% |
| FLINT, MI (FHA|USDA|VA) | 1 | $40,005,000 | $40,005,000 | $0 | 0.00% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 4 | $17,130,000 | $4,282,500 | $0 | 0.00% |
| BATTLE CREEK, MI (FHA|USDA|VA) | 1 | $8,305,000 | $8,305,000 | $0 | 0.00% |
| ALBUQUERQUE, NM (FHA|USDA|VA) | 1 | $8,005,000 | $8,005,000 | $0 | 0.00% |
| BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) | 1 | $3,205,000 | $3,205,000 | $0 | 0.00% |
| Whitewater, WI (FHA|USDA|VA) | 2 | $1,710,000 | $855,000 | $0 | 0.00% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 1 | $1,505,000 | $1,505,000 | $0 | 0.00% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 1 | $1,475,000 | $1,475,000 | $0 | 0.00% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 1 | $825,000 | $825,000 | $0 | 0.00% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 1 | $645,000 | $645,000 | $0 | 0.00% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 1 | $645,000 | $645,000 | $0 | 0.00% |
| MADISON, WI (FHA|USDA|VA) | 2 | $590,000 | $295,000 | $0 | 0.00% |
| PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) | 1 | $575,000 | $575,000 | $0 | 0.00% |
| MICHIGAN CITY-LA PORTE, IN (FHA|USDA|VA) | 1 | $515,000 | $515,000 | $0 | 0.00% |
| TUCSON, AZ (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $0 | 0.00% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $0 | 0.00% |
| Outside of Metro Areas | 1 | $155,000 | $155,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 322 | $461,030,000 | $1,431,770 | $0 | 0.00% |
| FHA | 1 | $685,000 | $685,000 | $0 | 0.00% |
For 2022, Wintrust Bank N.a.'s most frequently originated type of loan was Conventional, with 322 originations. Their 2nd most popular type was FHA, with 1 originations.
Loan Reason
For 2022, Wintrust Bank N.a.'s most frequently cited loan purpose was Home Purchase, with 178 originations. The 2nd most popular reason was Refi, with 105 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 323 | $461,715,000 | $1,429,458 | $0 | 0.00% |
For 2022, Wintrust Bank N.a.'s most frequently cited loan duration was Other, with 323 originations.
Loan Sizing
2022 saw Wintrust Bank N.a. place emphasis on $200k-400k loans with 83 originations, totaling $24,495,000 in origination value.
Applicant Income
Wintrust Bank N.a. lent most frequently to those with incomes in the $250k+ range, with 99 originations. The second most popular income band? $150k-250k, with 67 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 323 | $461,715,000 | $1,429,458 | $0 | 0.00% |
Wintrust Bank N.a. lent most frequently to those with DTI ratios of Exempt%, with 323 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications96.90%
Wintrust Bank N.a. has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination81.42%
Wintrust Bank N.a. has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 323 | $461,715,000 | $1,429,458 |