Alliance Bank Mortgage Rates, Fees & Info
Francesville, INLEI: 549300T3JUQ02E9W8I27
Tax ID: 35-0576710
Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Alliance Bank is a smaller bank specializing in Home Purchase loans. Alliance Bank has a high proportion of conventional loans. Their top markets by origination volume include: Plymouth, Lafayette, Chicago, Peru, and Elkhart among others. We have data for 12 markets. (Some data included below & more in-depth data is available with an active subscription.)Alliance 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.
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Originations
50Origination Dollar Volume (All Markets)
$12,760,000Top 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 |
|---|---|---|---|---|---|
| Plymouth, IN (FHA|USDA|VA) | 2 | $2,860,000 | $1,430,000 | $0 | 0.00% |
| Outside of Metro Areas | 14 | $2,790,000 | $199,286 | $0 | 0.00% |
| LAFAYETTE-WEST LAFAYETTE, IN (FHA|USDA|VA) | 11 | $2,705,000 | $245,909 | $0 | 0.00% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 12 | $1,790,000 | $149,167 | $0 | 0.00% |
| Peru, IN (FHA|USDA|VA) | 1 | $1,365,000 | $1,365,000 | $0 | 0.00% |
| ELKHART-GOSHEN, IN (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $0 | 0.00% |
| Warsaw, IN (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $0 | 0.00% |
| Logansport, IN (FHA|USDA|VA) | 4 | $250,000 | $62,500 | $0 | 0.00% |
| New Castle, IN (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $0 | 0.00% |
| KOKOMO, IN (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 0.00% |
| Crawfordsville, IN (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 0.00% |
| Frankfort, IN (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 50 | $12,760,000 | $255,200 | $0 | 0.00% |
For 2024, Alliance Bank's most frequently originated type of loan was Conventional, with 50 originations.
Loan Reason
For 2024, Alliance Bank's most frequently cited loan purpose was Home Purchase, with 32 originations. The 2nd most popular reason was Refi, with 11 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 50 | $12,760,000 | $255,200 | $0 | 0.00% |
For 2024, Alliance Bank's most frequently cited loan duration was Other, with 50 originations.
Loan Sizing
2024 saw Alliance Bank place emphasis on $100,000 or less loans with 19 originations, totaling $1,245,000 in origination value.
Applicant Income
Alliance Bank lent most frequently to those with incomes in the $50k or less range, with 9 originations. The second most popular income band? $100k-150k, with 6 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 50 | $12,760,000 | $255,200 | $0 | 0.00% |
Alliance Bank lent most frequently to those with DTI ratios of Exempt%, with 50 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications94.03%
Alliance Bank has an average approval rate.
Pick Rate
Approvals leading to origination78.00%
Alliance Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 50 | $12,760,000 | $255,200 |