First Trust Bank Of Illinois Mortgage Rates, Fees & Info
Kankakee, ILLEI: 549300T3MSPBPSPZLR85
Tax ID: 36-4203015
Latest/2023 | 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 and Refi loans. First Trust Bank Of Illinois has a high proportion of conventional loans. Their top markets by origination volume include: Kankakee, Chicago, Champaign, Phoenix, and Austin among others. We have data for 9 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 an above average pick rate when compared to similar lenders.
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Originations
114Origination Dollar Volume (All Markets)
$17,290,000Top 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) | 94 | $12,570,000 | $133,723 | $0 | 0.00% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 3 | $2,235,000 | $745,000 | $0 | 0.00% |
| Outside of Metro Areas | 9 | $805,000 | $89,444 | $0 | 0.00% |
| CHAMPAIGN-URBANA, IL (FHA|USDA|VA) | 2 | $630,000 | $315,000 | $0 | 0.00% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 1 | $435,000 | $435,000 | $0 | 0.00% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $0 | 0.00% |
| Ottawa, IL (FHA|USDA|VA) | 2 | $200,000 | $100,000 | $0 | 0.00% |
| CARBONDALE-MARION, IL (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 0.00% |
| Pontiac, IL (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 114 | $17,290,000 | $151,667 | $0 | 0.00% |
For 2022, First Trust Bank Of Illinois's most frequently originated type of loan was Conventional, with 114 originations.
Loan Reason
For 2022, First Trust Bank Of Illinois's most frequently cited loan purpose was Home Purchase, with 72 originations. The 2nd most popular reason was Refi, with 16 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 114 | $17,290,000 | $151,667 | $0 | 0.00% |
For 2022, First Trust Bank Of Illinois's most frequently cited loan duration was Other, with 114 originations.
Loan Sizing
2022 saw First Trust Bank Of Illinois place emphasis on $100,000 or less loans with 50 originations, totaling $3,070,000 in origination value.
Applicant Income
First Trust Bank Of Illinois lent most frequently to those with incomes in the $50k-75k range, with 26 originations. The second most popular income band? $50k or less, with 23 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 114 | $17,290,000 | $151,667 | $0 | 0.00% |
First Trust Bank Of Illinois lent most frequently to those with DTI ratios of Exempt%, with 114 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications90.37%
First Trust Bank Of Illinois has an average approval rate.
Pick Rate
Approvals leading to origination92.98%
First Trust Bank Of Illinois has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 114 | $17,290,000 | $151,667 |
Complaints
| Bank Name | Product | Issue | 2022 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| FIRST CITIZENS BANCSHARES, INC. | Home equity loan or line of credit (HELOC) | Applying for a mortgage or refinancing an existing mortgage | 1 | 100.0% |