The Bank Of Edwardsville Mortgage Rates, Fees & Info

EDWARDSVILLE, IL

LEI: 549300SP2BPE296CC590

Tax ID: 37-0259190

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    The Bank Of Edwardsville is a smaller bank specializing in Home Purchase and Refi 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, Centralia, Springfield, Crestview, and Carbondale among others. We have data for 17 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.

    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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    Originations

    877

    Origination Dollar Volume (All Markets)

    $131,225,000

    Awards

    THE BANK OF EDWARDSVILLE 30 Year Conventional Loans gold THE BANK OF EDWARDSVILLE FHA Loans silver THE BANK OF EDWARDSVILLE 30 Year Conventional Loans gold THE BANK OF EDWARDSVILLE FHA Loans gold
    Show all (4) 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
    ST. LOUIS, MO-IL (FHA|USDA|VA) 833 $123,555,000 $148,325 $1,930 4.74%
    Outside of Metro Areas 13 $2,545,000 $195,769 $2,150 4.63%
    Centralia, IL (FHA|USDA|VA) 10 $1,000,000 $100,000 $1,889 4.33%
    SPRINGFIELD, IL (FHA|USDA|VA) 3 $745,000 $248,333 $1,779 4.54%
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 1 $425,000 $425,000 $4,589 4.50%
    CARBONDALE-MARION, IL (FHA|USDA|VA) 4 $410,000 $102,500 $1,799 5.51%
    CHAMPAIGN-URBANA, IL (FHA|USDA|VA) 2 $390,000 $195,000 $1,493 4.06%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 2 $360,000 $180,000 $2,372 3.81%
    JACKSONVILLE, FL (FHA|USDA|VA) 1 $305,000 $305,000 $2,924 4.25%
    Albertville, AL (FHA|USDA|VA) 1 $295,000 $295,000 $2,897 4.50%
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 1 $235,000 $235,000 $2,431 3.25%
    FARGO, ND-MN (FHA|USDA|VA) 1 $225,000 $225,000 $2,601 4.38%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 1 $215,000 $215,000 $2,969 4.00%
    KANSAS CITY, MO-KS (FHA|USDA|VA) 1 $215,000 $215,000 $2,011 3.25%
    NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 1 $125,000 $125,000 $1,817 6.70%
    KOKOMO, IN (FHA|USDA|VA) 1 $115,000 $115,000 $2,054 3.88%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 1 $65,000 $65,000 $2,852 3.50%
    The Bank Of Edwardsville's top markets include St. Louis, Centralia, Springfield, Crestview, and Carbondale among others.

    Their top states include:
  • Illinois (FHA|USDA|VA)
  • Missouri (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Alabama (FHA|USDA|VA)
  • Arizona (FHA|USDA|VA)

    • 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.

    WEST COMMUNITY
    Similarity Rank: 190
    United Bank of Union
    Similarity Rank: 275
    D.W. BROWN MORTGAGE CORP.
    Similarity Rank: 302
    ELECTRO SAVINGS CREDIT UNION
    Similarity Rank: 396
    Dieterich Bank
    Similarity Rank: 442
    CapGrow Home Mortgage, LLC
    Similarity Rank: 450
    Ozarks Federal Savings and Loan Association
    Similarity Rank: 490
    ALLTRU Federal Credit Union
    Similarity Rank: 780
    JERSEY STATE BANK
    Similarity Rank: 792
    First Mid Bank & Trust
    Similarity Rank: 1020

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 682 $116,430,000 $170,718 $1,785 4.53%
    HELOC 148 $9,470,000 $63,986 n/a 5.78%
    FHA 41 $4,725,000 $115,244 $4,274 4.12%
    USDA 6 $600,000 $100,000 $3,014 4.50%

    For 2019, The Bank Of Edwardsville's most frequently originated type of loan was Conventional, with 682 originations. Their 2nd most popular type was HELOC, with 148 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 419 $59,435,000 $141,850 $2,213 4.67%
    Refi 265 $52,505,000 $198,132 $1,487 4.45%
    Other 79 $5,015,000 $63,481 $0 5.93%
    Cash Out Refi 73 $12,015,000 $164,589 $2,025 4.17%
    Home Improvement 41 $2,255,000 $55,000 $697 5.68%

    For 2019, The Bank Of Edwardsville's most frequently cited loan purpose was Home Purchase, with 419 originations. The 2nd most popular reason was Refi, with 265 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 464 $79,280,000 $170,862 $2,109 4.61%
    10 Year 164 $10,480,000 $63,902 $1,525 5.66%
    15 Year 110 $15,920,000 $144,727 $1,702 4.00%
    Other 72 $14,660,000 $203,611 $1,451 4.49%
    20 Year 36 $7,140,000 $198,333 $1,741 4.34%
    5 Year 23 $2,425,000 $105,435 $411 5.24%
    30+ year 3 $695,000 $231,667 $3,028 3.75%
    3 Year 3 $445,000 $148,333 $2,133 5.05%
    1 Year 2 $180,000 $90,000 $0 5.73%

    For 2019, The Bank Of Edwardsville's most frequently cited loan duration was 30 Year, with 464 originations. The 2nd most popular length was 10 Year, with 164 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 665 $112,575,000 $169,286
    $1k-2k 19 $2,105,000 $110,789
    $2k-3k 5 $945,000 $189,000
    $5k+ 2 $370,000 $185,000
    $3k-4k 1 $205,000 $205,000

    The Bank Of Edwardsville's average total fees were $2,109, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 665 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 383 $65,035,000 $169,804
    5-6% 228 $19,670,000 $86,272
    3-4% 219 $41,965,000 $191,621
    6-7% 25 $3,345,000 $133,800
    7-8% 22 $1,210,000 $55,000

    During 2019, The Bank Of Edwardsville's average interest rate for loans was 4.61%, while their most frequently originated rate bucket for loans was 4-5%, with 383 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 352 $20,200,000 $57,386 $1,963 5.16%
    $100k-200k 296 $42,960,000 $145,135 $1,965 4.54%
    $200k-400k 203 $54,035,000 $266,182 $1,866 4.28%
    $400k-600k 23 $10,085,000 $438,478 $2,048 4.33%
    $1MM+ 2 $2,980,000 $1,490,000 $3,960 5.33%
    $600k-1MM 1 $965,000 $965,000 $2,444 3.88%

    2019 saw The Bank Of Edwardsville place emphasis on $100,000 or less loans with 352 originations, totaling $20,200,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 202 $37,600,000 $186,139 $1,903 4.68%
    $50k or less 198 $15,610,000 $78,838 $2,079 4.88%
    $50k-75k 171 $20,305,000 $118,743 $1,950 4.66%
    $75k-100k 146 $22,910,000 $156,918 $1,850 4.61%
    $150k-250k 93 $20,185,000 $217,043 $1,841 4.68%
    $250k+ 27 $8,005,000 $296,481 $2,306 5.13%

    The Bank Of Edwardsville lent most frequently to those with incomes in the $100k-150k range, with 202 originations. The second most popular income band? $50k or less, with 198 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 246 $37,240,000 $151,382 $1,886 4.68%
    30-36% 211 $31,705,000 $150,261 $1,927 4.80%
    <20% 91 $12,195,000 $134,011 $1,813 4.81%
    36% 44 $6,200,000 $140,909 $1,876 4.88%
    38% 38 $5,130,000 $135,000 $1,748 4.85%
    37% 32 $4,810,000 $150,313 $1,916 4.74%
    41% 29 $4,385,000 $151,207 $1,691 4.70%
    40% 28 $3,920,000 $140,000 $2,025 4.78%
    42% 20 $3,320,000 $166,000 $2,074 4.58%
    45% 19 $2,985,000 $157,105 $2,126 4.43%
    39% 18 $2,730,000 $151,667 $1,768 4.82%
    44% 17 $2,635,000 $155,000 $2,346 4.27%
    43% 16 $2,510,000 $156,875 $1,996 4.34%
    50-60% 14 $2,170,000 $155,000 $3,841 4.59%
    49% 9 $1,615,000 $179,444 $2,137 4.03%
    48% 8 $1,230,000 $153,750 $2,013 4.58%
    46% 7 $855,000 $122,143 $2,135 4.57%
    >60% 3 $265,000 $88,333 $1,533 5.75%
    47% 2 $190,000 $95,000 $2,597 4.69%

    The Bank Of Edwardsville lent most frequently to those with DTI ratios of 20-30%, with 246 originations. The next most common DTI ratio? 30-36%, with 211 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 762 $114,820,000 $150,682 $1,924 4.69%
    Not provided 38 $5,690,000 $149,737 $1,961 4.35%
    Black 48 $5,460,000 $113,750 $2,137 5.36%
    Not applicable 21 $4,275,000 $203,571 $0 5.12%
    Asian 7 $845,000 $120,714 $1,965 5.02%
    Asian Indian 1 $135,000 $135,000 $4,520 3.75%

    Approval Rates

    Total approvals of all applications
    89.82%

    The Bank Of Edwardsville has an average approval rate.

    Pick Rate

    Approvals leading to origination
    86.32%

    The Bank Of Edwardsville has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 877 $131,225,000 $149,629

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 4 $2,880,000 $720,000
    Single Family (1-4 Units):Manufactured 2 $150,000 $75,000
    Single Family (1-4 Units):Site-Built 871 $128,195,000 $147,181

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 74 $5,140,000 $69,459 $1,657 5.41%
    40-60% 75 $11,585,000 $154,467 $1,624 4.61%
    60-80% 265 $45,255,000 $170,774 $1,709 4.44%
    80-100% 388 $65,250,000 $168,170 $2,167 4.60%
    Over 100% 8 $1,630,000 $203,750 $2,176 4.74%
    Under 20% 67 $2,365,000 $35,299 $1,035 5.92%

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    TD BANK US HOLDING COMPANY Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 7 6.9%
    TD BANK US HOLDING COMPANY Conventional home mortgage Closing on a mortgage 10 9.8%
    TD BANK US HOLDING COMPANY Conventional home mortgage Struggling to pay mortgage 7 6.9%
    TD BANK US HOLDING COMPANY Conventional home mortgage Trouble during payment process 34 33.3%
    TD BANK US HOLDING COMPANY FHA mortgage Struggling to pay mortgage 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 4 3.9%
    TD BANK US HOLDING COMPANY Home equity loan or line of credit (HELOC) Closing on a mortgage 4 3.9%
    TD BANK US HOLDING COMPANY Home equity loan or line of credit (HELOC) Incorrect information on your report 2 2.0%
    TD BANK US HOLDING COMPANY Home equity loan or line of credit (HELOC) Struggling to pay mortgage 7 6.9%
    TD BANK US HOLDING COMPANY Home equity loan or line of credit (HELOC) Trouble during payment process 13 12.7%
    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 Incorrect information on your report 2 2.0%
    TD BANK US HOLDING COMPANY Other type of mortgage Struggling to pay mortgage 2 2.0%
    TD BANK US HOLDING COMPANY Other type of mortgage Trouble during payment process 7 6.9%
    TD BANK US HOLDING COMPANY Reverse mortgage Closing on a mortgage 1 1.0%