Alliance Bank Mortgage Rates, Fees & Info

Francesville, IN

LEI: 549300T3JUQ02E9W8I27

Tax ID: 35-0576710

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
  • 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

    Alliance Bank is a smaller bank specializing in Home Purchase, Refi, and Cash Out Refi loans. Alliance Bank has a high proportion of conventional loans. Their top markets by origination volume include: Indianapolis, Lafayette, Terre Haute, Chicago, and Frankfort among others. We have data for 7 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.

    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

    49

    Origination Dollar Volume (All Markets)

    $15,415,000

    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
    INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 3 $5,345,000 $1,781,667 $0 0.00%
    Outside of Metro Areas 28 $4,140,000 $147,857 $0 0.00%
    LAFAYETTE-WEST LAFAYETTE, IN (FHA|USDA|VA) 11 $3,955,000 $359,545 $0 0.00%
    TERRE HAUTE, IN (FHA|USDA|VA) 1 $1,315,000 $1,315,000 $0 0.00%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 4 $500,000 $125,000 $0 0.00%
    Frankfort, IN (FHA|USDA|VA) 1 $125,000 $125,000 $0 0.00%
    Logansport, IN (FHA|USDA|VA) 1 $35,000 $35,000 $0 0.00%
    Alliance Bank's top markets include Indianapolis, Lafayette, Terre Haute, Chicago, and Frankfort among others.

    Their top states include:
  • Indiana (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 49 $15,415,000 $314,592 $0 0.00%

    For 2022, Alliance Bank's most frequently originated type of loan was Conventional, with 49 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 22 $4,200,000 $190,909 $0 0.00%
    Refi 14 $4,380,000 $312,857 $0 0.00%
    Cash Out Refi 13 $6,835,000 $525,769 $0 0.00%

    For 2022, Alliance Bank's most frequently cited loan purpose was Home Purchase, with 22 originations. The 2nd most popular reason was Refi, with 14 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 49 $15,415,000 $314,592 $0 0.00%

    For 2022, Alliance Bank's most frequently cited loan duration was Other, with 49 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 24 $3,490,000 $145,417 $0 0.00%
    $100,000 or less 12 $760,000 $63,333 $0 0.00%
    $200k-400k 8 $1,840,000 $230,000 $0 0.00%
    $1MM+ 4 $8,920,000 $2,230,000 $0 0.00%
    $400k-600k 1 $405,000 $405,000 $0 0.00%

    2022 saw Alliance Bank place emphasis on $100k-200k loans with 24 originations, totaling $3,490,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 10 $1,330,000 $133,000 $0 0.00%
    $100k-150k 7 $1,115,000 $159,286 $0 0.00%
    $75k-100k 7 $1,245,000 $177,857 $0 0.00%
    $50k or less 6 $480,000 $80,000 $0 0.00%
    $150k-250k 3 $395,000 $131,667 $0 0.00%
    $250k+ 1 $405,000 $405,000 $0 0.00%

    Alliance Bank lent most frequently to those with incomes in the $50k-75k range, with 10 originations. The second most popular income band? $100k-150k, with 7 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 49 $15,415,000 $314,592 $0 0.00%

    Alliance Bank lent most frequently to those with DTI ratios of Exempt%, with 49 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 15 $10,445,000 $696,333 $0 0.00%
    White 26 $3,530,000 $135,769 $0 0.00%
    Not provided 8 $1,440,000 $180,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    90.77%

    Alliance Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    85.71%

    Alliance Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 49 $15,415,000 $314,592

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    49 $15,415,000 $314,592