First Trust Bank Of Illinois Mortgage Rates, Fees & Info

Kankakee, IL

LEI: 549300T3MSPBPSPZLR85

Tax ID: 36-4203015

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

Jump to:

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

    First Trust Bank Of Illinois is a smaller bank specializing in Home Purchase and Refi loans. First Trust Bank Of Illinois has a high proportion of conventional loans. Their top markets by origination volume include: Kankakee, North Port, Chicago, Branson, and Sebring among others. We have data for 6 markets. (Some data included below & more in-depth data is available with an active subscription.)

    First Trust Bank Of Illinois 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.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.


    Originations

    77

    Origination Dollar Volume (All Markets)

    $13,895,000

    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
    KANKAKEE, IL (FHA|USDA|VA) 61 $8,185,000 $134,180 $0 0.00%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 1 $2,235,000 $2,235,000 $0 0.00%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 2 $1,910,000 $955,000 $0 0.00%
    Outside of Metro Areas 11 $765,000 $69,545 $0 0.00%
    Branson, MO (FHA|USDA|VA) 1 $455,000 $455,000 $0 0.00%
    SEBRING-AVON PARK, FL (FHA|USDA|VA) 1 $345,000 $345,000 $0 0.00%
    First Trust Bank Of Illinois's top markets include Kankakee, North Port, Chicago, Branson, and Sebring among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 77 $13,895,000 $180,455 $0 0.00%

    For 2023, First Trust Bank Of Illinois's most frequently originated type of loan was Conventional, with 77 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 45 $9,565,000 $212,556 $0 0.00%
    Home Improvement 13 $525,000 $40,385 $0 0.00%
    Refi 8 $3,150,000 $393,750 $0 0.00%
    Other 7 $325,000 $46,429 $0 0.00%
    Cash Out Refi 4 $330,000 $82,500 $0 0.00%

    For 2023, First Trust Bank Of Illinois's most frequently cited loan purpose was Home Purchase, with 45 originations. The 2nd most popular reason was Home Improvement, with 13 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 77 $13,895,000 $180,455 $0 0.00%

    For 2023, First Trust Bank Of Illinois's most frequently cited loan duration was Other, with 77 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 40 $2,020,000 $50,500 $0 0.00%
    $100k-200k 23 $3,155,000 $137,174 $0 0.00%
    $200k-400k 8 $2,130,000 $266,250 $0 0.00%
    $1MM+ 3 $4,955,000 $1,651,667 $0 0.00%
    $400k-600k 2 $960,000 $480,000 $0 0.00%
    $600k-1MM 1 $675,000 $675,000 $0 0.00%

    2023 saw First Trust Bank Of Illinois place emphasis on $100,000 or less loans with 40 originations, totaling $2,020,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 16 $1,360,000 $85,000 $0 0.00%
    $75k-100k 16 $2,040,000 $127,500 $0 0.00%
    $100k-150k 15 $1,645,000 $109,667 $0 0.00%
    $50k or less 11 $825,000 $75,000 $0 0.00%
    $150k-250k 8 $800,000 $100,000 $0 0.00%
    $250k+ 6 $2,900,000 $483,333 $0 0.00%

    First Trust Bank Of Illinois lent most frequently to those with incomes in the $50k-75k range, with 16 originations. The second most popular income band? $75k-100k, with 16 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 77 $13,895,000 $180,455 $0 0.00%

    First Trust Bank Of Illinois lent most frequently to those with DTI ratios of Exempt%, with 77 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 71 $11,285,000 $158,944 $0 0.00%
    Not applicable 3 $2,335,000 $778,333 $0 0.00%
    Black 2 $180,000 $90,000 $0 0.00%
    Not provided 1 $95,000 $95,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    90.43%

    First Trust Bank Of Illinois has an average approval rate.

    Pick Rate

    Approvals leading to origination
    89.61%

    First Trust Bank Of Illinois has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 77 $13,895,000 $180,455

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    77 $13,895,000 $180,455