The Bank Of Edwardsville Mortgage Rates, Fees & Info
EDWARDSVILLE, ILLEI: 549300SP2BPE296CC590
Tax ID: 37-0259190
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Mortgage Data
Review & Overview
The Bank Of Edwardsville is a smaller bank specializing in Home Purchase loans. The Bank Of Edwardsville 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.) They have a low ratio of USDA loans. Their top markets by origination volume include: St. Louis, Nashville, Crestview, Waterloo, and Springfield among others. We have data for 30 markets. (Some data included below & more in-depth data is available with an active subscription.)The Bank Of Edwardsville 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. The Bank Of Edwardsville 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.
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Originations
852Origination Dollar Volume (All Markets)
$134,810,000Awards
THE BANK OF EDWARDSVILLE - 2018
THE BANK OF EDWARDSVILLE is a 2018 , due to their low .
For 2018, 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 |
|---|---|---|---|---|---|
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 801 | $125,955,000 | $157,247 | $1,958 | 4.84% |
| Outside of Metro Areas | 17 | $1,855,000 | $109,118 | $1,918 | 5.00% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 2 | $820,000 | $410,000 | $1,859 | 4.78% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $4,060 | 4.50% |
| WATERLOO-CEDAR FALLS, IA (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $2,311 | 4.25% |
| SPRINGFIELD, IL (FHA|USDA|VA) | 2 | $380,000 | $190,000 | $2,252 | 4.94% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $2,386 | 3.98% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $3,683 | 4.80% |
| Farmington, MO (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $1,891 | 3.75% |
| Centralia, IL (FHA|USDA|VA) | 2 | $270,000 | $135,000 | $1,575 | 5.13% |
| RENO, NV (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $3,575 | 4.20% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 2 | $260,000 | $130,000 | $4,341 | 5.06% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $2,658 | 4.40% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $2,622 | 5.75% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $2,553 | 3.98% |
| FARGO, ND-MN (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $2,410 | 4.75% |
| Mount Vernon, IL (FHA|USDA|VA) | 2 | $200,000 | $100,000 | $1,642 | 4.88% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $3,073 | 5.88% |
| DULUTH, MN-WI (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $2,262 | 4.20% |
| PEORIA, IL (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $2,600 | 4.50% |
| CARBONDALE-MARION, IL (FHA|USDA|VA) | 2 | $180,000 | $90,000 | $2,540 | 4.94% |
| Taylorville, IL (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $5,529 | 4.25% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $1,724 | 4.50% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $2,660 | 4.88% |
| SALT LAKE CITY, UT (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $2,312 | 4.40% |
| CHAMPAIGN-URBANA, IL (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $1,989 | 4.75% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $3,339 | 4.88% |
| Whitewater, WI (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $2,550 | 4.50% |
| Lincoln, IL (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $1,821 | 4.10% |
| Ottawa, IL (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $2,052 | 5.50% |
Similar Lenders
We use machine learning to identify the top lenders compared against THE BANK OF EDWARDSVILLE 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
For 2018, The Bank Of Edwardsville's most frequently originated type of loan was Conventional, with 815 originations. Their 2nd most popular type was FHA, with 23 originations.
Loan Reason
For 2018, The Bank Of Edwardsville's most frequently cited loan purpose was Home Purchase, with 615 originations. The 2nd most popular reason was Refi, with 121 originations.
Loan Duration/Length
For 2018, The Bank Of Edwardsville's most frequently cited loan duration was 30 Year, with 570 originations. The 2nd most popular length was 15 Year, with 88 originations.
Origination Fees/Closing Costs
The Bank Of Edwardsville's average total fees were $2,137, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 724 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 4-5% | 576 | $100,850,000 | $175,087 |
| 5-6% | 224 | $22,640,000 | $101,071 |
| 3-4% | 43 | $11,045,000 | $256,860 |
| 6-7% | 8 | $230,000 | $28,750 |
During 2018, The Bank Of Edwardsville's average interest rate for loans was 4.88%, while their most frequently originated rate bucket for loans was 4-5%, with 576 originations.
Loan Sizing
2018 saw The Bank Of Edwardsville place emphasis on $100,000 or less loans with 330 originations, totaling $20,980,000 in origination value.
Applicant Income
The Bank Of Edwardsville lent most frequently to those with incomes in the $50k or less range, with 235 originations. The second most popular income band? $50k-75k, with 175 originations.
Applicant Debt to Income Ratio
The Bank Of Edwardsville lent most frequently to those with DTI ratios of 20-30%, with 202 originations. The next most common DTI ratio? 30-36%, with 186 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications89.40%
The Bank Of Edwardsville has an average approval rate.
Pick Rate
Approvals leading to origination86.15%
The Bank Of Edwardsville has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 852 | $134,810,000 | $158,228 |
Occupancy Type Mix
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2018 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| TD BANK US HOLDING COMPANY | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 10 | 9.8% |
| TD BANK US HOLDING COMPANY | Conventional home mortgage | Closing on a mortgage | 4 | 3.9% |
| TD BANK US HOLDING COMPANY | Conventional home mortgage | Incorrect information on your report | 1 | 1.0% |
| TD BANK US HOLDING COMPANY | Conventional home mortgage | Struggling to pay mortgage | 6 | 5.9% |
| TD BANK US HOLDING COMPANY | Conventional home mortgage | Trouble during payment process | 30 | 29.4% |
| TD BANK US HOLDING COMPANY | FHA mortgage | Incorrect information on your report | 1 | 1.0% |
| TD BANK US HOLDING COMPANY | FHA mortgage | Struggling to pay mortgage | 4 | 3.9% |
| TD BANK US HOLDING COMPANY | FHA mortgage | Trouble during payment process | 1 | 1.0% |
| TD BANK US HOLDING COMPANY | Home equity loan or line of credit (HELOC) | Applying for a mortgage or refinancing an existing mortgage | 8 | 7.8% |
| TD BANK US HOLDING COMPANY | Home equity loan or line of credit (HELOC) | Closing on a mortgage | 3 | 2.9% |
| TD BANK US HOLDING COMPANY | Home equity loan or line of credit (HELOC) | Incorrect information on your report | 1 | 1.0% |
| TD BANK US HOLDING COMPANY | Home equity loan or line of credit (HELOC) | Problem with a credit reporting company's investigation into an existing problem | 1 | 1.0% |
| TD BANK US HOLDING COMPANY | Home equity loan or line of credit (HELOC) | Struggling to pay mortgage | 3 | 2.9% |
| TD BANK US HOLDING COMPANY | Home equity loan or line of credit (HELOC) | Trouble during payment process | 14 | 13.7% |
| TD BANK US HOLDING COMPANY | Other type of mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 1.0% |
| TD BANK US HOLDING COMPANY | Other type of mortgage | Closing on a mortgage | 3 | 2.9% |
| TD BANK US HOLDING COMPANY | Other type of mortgage | Struggling to pay mortgage | 4 | 3.9% |
| TD BANK US HOLDING COMPANY | Other type of mortgage | Trouble during payment process | 7 | 6.9% |