First Trust Bank Of Illinois Mortgage Rates, Fees & Info
Kankakee, ILLEI: 549300T3MSPBPSPZLR85
Tax ID: 36-4203015
Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
First Trust Bank Of Illinois is a smaller bank specializing in Home Purchase loans. First Trust Bank Of Illinois has a high proportion of conventional loans. Their top markets by origination volume include: Kankakee, Chicago, and Coldwater among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)First Trust Bank Of Illinois has an average approval rate when compared to the average across all lenders. They have an average pick rate when compared to similar lenders.
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Originations
67Origination Dollar Volume (All Markets)
$8,345,000Top 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 |
|---|---|---|---|---|---|
| KANKAKEE, IL (FHA|USDA|VA) | 51 | $5,115,000 | $100,294 | $0 | 0.00% |
| Outside of Metro Areas | 11 | $1,695,000 | $154,091 | $0 | 0.00% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 4 | $1,040,000 | $260,000 | $0 | 0.00% |
| Coldwater, MI (FHA|USDA|VA) | 1 | $495,000 | $495,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 67 | $8,345,000 | $124,552 | $0 | 0.00% |
For 2024, First Trust Bank Of Illinois's most frequently originated type of loan was Conventional, with 67 originations.
Loan Reason
For 2024, First Trust Bank Of Illinois's most frequently cited loan purpose was Home Purchase, with 33 originations. The 2nd most popular reason was Refi, with 12 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 67 | $8,345,000 | $124,552 | $0 | 0.00% |
For 2024, First Trust Bank Of Illinois's most frequently cited loan duration was Other, with 67 originations.
Loan Sizing
2024 saw First Trust Bank Of Illinois place emphasis on $100,000 or less loans with 35 originations, totaling $1,915,000 in origination value.
Applicant Income
First Trust Bank Of Illinois lent most frequently to those with incomes in the $100k-150k range, with 14 originations. The second most popular income band? $150k-250k, with 13 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 67 | $8,345,000 | $124,552 | $0 | 0.00% |
First Trust Bank Of Illinois lent most frequently to those with DTI ratios of Exempt%, with 67 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications83.72%
First Trust Bank Of Illinois has a below average approval rate.
Pick Rate
Approvals leading to origination92.54%
First Trust Bank Of Illinois has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 67 | $8,345,000 | $124,552 |