Oxford Bank & Trust Mortgage Rates, Fees & Info

Oak Brook, IL

LEI: 549300VP1VKDLSCAH317

Tax ID: 36-0706170

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

Review & Overview

Oxford Bank & Trust is a smaller bank specializing in Home Purchase loans. Oxford Bank & Trust has a high proportion of conventional loans. Their top markets by origination volume include: Chicago, Detroit, Ann Arbor, Grand Rapids, and Indianapolis among others. We have data for 42 markets. (Some data included below & more in-depth data is available with an active subscription.)

Oxford Bank & Trust has a below 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

434

Origination Dollar Volume (All Markets)

$52,090,000

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
Chicago-Naperville-Elgin, IL-IN-WI (FHA\|USDA\|VA)	65	$32,965,000	$507,154	$0	4.98%
Detroit-Warren-Dearborn, MI (FHA\|USDA\|VA)	103	$4,675,000	$45,388	$0	7.56%
ANN ARBOR, MI (FHA\|USDA\|VA)	35	$2,625,000	$75,000	$0	7.15%
GRAND RAPIDS-KENTWOOD, MI (FHA\|USDA\|VA)	42	$2,540,000	$60,476	$0	7.48%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA\|USDA\|VA)	44	$1,990,000	$45,227	$0	7.73%
Ottawa, IL (FHA\|USDA\|VA)	2	$1,270,000	$635,000	$0	4.33%
TOLEDO, OH (FHA\|USDA\|VA)	15	$695,000	$46,333	$0	7.49%
Outside of Metro Areas	10	$590,000	$59,000	$0	7.32%
DES MOINES-WEST DES MOINES, IA (FHA\|USDA\|VA)	13	$465,000	$35,769	$0	8.26%
ROCKFORD, IL (FHA\|USDA\|VA)	7	$325,000	$46,429	$0	6.78%
ELKHART-GOSHEN, IN (FHA\|USDA\|VA)	8	$300,000	$37,500	$0	7.80%
KANKAKEE, IL (FHA\|USDA\|VA)	6	$270,000	$45,000	$0	6.91%
FLINT, MI (FHA\|USDA\|VA)	7	$265,000	$37,857	$0	7.70%
KOKOMO, IN (FHA\|USDA\|VA)	5	$265,000	$53,000	$0	7.59%
MICHIGAN CITY-LA PORTE, IN (FHA\|USDA\|VA)	6	$260,000	$43,333	$0	7.95%
CEDAR RAPIDS, IA (FHA\|USDA\|VA)	5	$225,000	$45,000	$0	7.54%
JACKSON, MI (FHA\|USDA\|VA)	6	$220,000	$36,667	$0	7.78%
NILES, MI (FHA\|USDA\|VA)	4	$210,000	$52,500	$0	7.68%
LANSING-EAST LANSING, MI (FHA\|USDA\|VA)	6	$210,000	$35,000	$0	7.78%
MONROE, MI (FHA\|USDA\|VA)	4	$180,000	$45,000	$0	7.24%
BATTLE CREEK, MI (FHA\|USDA\|VA)	4	$170,000	$42,500	$0	7.68%
Traverse City, MI (FHA\|USDA\|VA)	2	$170,000	$85,000	$0	6.99%
FORT WAYNE, IN (FHA\|USDA\|VA)	4	$140,000	$35,000	$0	7.49%
Auburn, IN (FHA\|USDA\|VA)	5	$135,000	$27,000	$0	8.24%
CLEVELAND-ELYRIA, OH (FHA\|USDA\|VA)	4	$130,000	$32,500	$0	7.68%
Holland, MI (FHA\|USDA\|VA)	2	$90,000	$45,000	$0	7.99%
LAFAYETTE-WEST LAFAYETTE, IN (FHA\|USDA\|VA)	2	$80,000	$40,000	$0	7.37%
Warsaw, IN (FHA\|USDA\|VA)	2	$70,000	$35,000	$0	8.24%
DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA\|USDA\|VA)	2	$60,000	$30,000	$0	7.87%
Seymour, IN (FHA\|USDA\|VA)	1	$55,000	$55,000	$0	6.99%
Wooster, OH (FHA\|USDA\|VA)	1	$55,000	$55,000	$0	6.99%
MADISON, WI (FHA\|USDA\|VA)	2	$50,000	$25,000	$0	7.49%
Hillsdale, MI (FHA\|USDA\|VA)	1	$45,000	$45,000	$0	7.74%
AMES, IA (FHA\|USDA\|VA)	1	$45,000	$45,000	$0	7.74%
Defiance, OH (FHA\|USDA\|VA)	1	$45,000	$45,000	$0	7.74%
BLOOMINGTON, IL (FHA\|USDA\|VA)	1	$45,000	$45,000	$0	6.99%
PEORIA, IL (FHA\|USDA\|VA)	1	$35,000	$35,000	$0	7.74%
DAYTON-KETTERING, OH (FHA\|USDA\|VA)	1	$35,000	$35,000	$0	8.74%
AKRON, OH (FHA\|USDA\|VA)	1	$25,000	$25,000	$0	7.74%
COLUMBUS, OH (FHA\|USDA\|VA)	1	$25,000	$25,000	$0	7.74%
BLOOMINGTON, IN (FHA\|USDA\|VA)	1	$25,000	$25,000	$0	8.74%
MUSKEGON, MI (FHA\|USDA\|VA)	1	$15,000	$15,000	$0	7.99%

Oxford Bank & Trust's top markets include Chicago, Detroit, Ann Arbor, Grand Rapids, and Indianapolis among others.

Their top states include:

Illinois (FHA|USDA|VA)

Michigan (FHA|USDA|VA)

Indiana (FHA|USDA|VA)

Ohio (FHA|USDA|VA)

Iowa (FHA|USDA|VA)

Product Mix

Loan Type	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Conventional	434	$52,090,000	$120,023	$0	7.17%

For 2021, Oxford Bank & Trust's most frequently originated type of loan was Conventional, with 434 originations.

Loan Reason

Loan Reason	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Home Purchase	413	$44,715,000	$108,269	$0	7.29%
Cash Out Refi	11	$3,965,000	$360,455	$0	3.67%
Refi	10	$3,410,000	$341,000	$0	5.32%

For 2021, Oxford Bank & Trust's most frequently cited loan purpose was Home Purchase, with 413 originations. The 2nd most popular reason was Cash Out Refi, with 11 originations.

Loan Duration/Length

Loan Length	Originations	Total Value	Average Loan	Average Fees	Average Rate
20 Year	161	$9,085,000	$56,429	$0	7.30%
15 Year	110	$3,870,000	$35,182	$0	7.83%
Other	98	$13,490,000	$137,653	$0	7.20%
10 Year	27	$1,615,000	$59,815	$0	7.79%
5 Year	27	$20,275,000	$750,926	$0	4.14%
1 Year	10	$3,210,000	$321,000	$0	4.11%
3 Year	1	$545,000	$545,000	$0	4.00%

For 2021, Oxford Bank & Trust's most frequently cited loan duration was 20 Year, with 161 originations. The 2nd most popular length was 15 Year, with 110 originations.

Interest Rates

Loan Rate	Originations	Total Value	Average Loan
6-7%	191	$12,115,000	$63,429
7-8%	145	$5,435,000	$37,483
Over 8%	49	$1,315,000	$26,837
3-4%	28	$23,410,000	$836,071
4-5%	15	$7,715,000	$514,333
5-6%	3	$885,000	$295,000
<2.5%	1	$105,000	$105,000

During 2021, Oxford Bank & Trust's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 6-7%, with 191 originations.

Loan Sizing

Loan Size	Originations	Total Value	Average Loan	Average Fees	Average Rate
$100,000 or less	369	$16,665,000	$45,163	$0	7.56%
$100k-200k	22	$2,880,000	$130,909	$0	6.43%
$600k-1MM	15	$11,275,000	$751,667	$0	4.02%
$200k-400k	11	$3,355,000	$305,000	$0	4.23%
$400k-600k	10	$4,650,000	$465,000	$0	4.12%
$1MM+	7	$13,265,000	$1,895,000	$0	3.82%

2021 saw Oxford Bank & Trust place emphasis on $100,000 or less loans with 369 originations, totaling $16,665,000 in origination value.

Applicant Income

Applicant Income	Originations	Total Value	Average Loan	Average Fees	Average Rate
$50k or less	158	$6,140,000	$38,861	$0	7.72%
$50k-75k	139	$7,035,000	$50,612	$0	7.48%
$75k-100k	57	$3,415,000	$59,912	$0	7.42%
$100k-150k	26	$1,960,000	$75,385	$0	7.25%
$150k-250k	6	$740,000	$123,333	$0	7.03%

Oxford Bank & Trust lent most frequently to those with incomes in the $50k or less range, with 158 originations. The second most popular income band? $50k-75k, with 139 originations.

Applicant Debt to Income Ratio

DTI Ratio	Originations	Total Value	Average Loan	Average Fees	Average Rate
20-30%	134	$6,280,000	$46,866	$0	7.60%
30-36%	113	$5,995,000	$53,053	$0	7.55%
39%	34	$1,620,000	$47,647	$0	7.40%
<20%	32	$1,740,000	$54,375	$0	7.62%
36%	25	$1,215,000	$48,600	$0	7.57%
38%	20	$1,060,000	$53,000	$0	7.43%
37%	14	$710,000	$50,714	$0	7.49%
40%	10	$430,000	$43,000	$0	7.29%
41%	2	$140,000	$70,000	$0	6.62%
44%	1	$65,000	$65,000	$0	7.99%
>60%	1	$35,000	$35,000	$0	8.74%

Oxford Bank & Trust lent most frequently to those with DTI ratios of 20-30%, with 134 originations. The next most common DTI ratio? 30-36%, with 113 originations.

Ethnicity Mix

Applicant Ethnicity	Originations	Total Value	Average Loan	Average Fees	Average Rate
Not applicable	43	$29,875,000	$694,767	$0	4.01%
White	368	$20,390,000	$55,408	$0	7.54%
Black	18	$1,150,000	$63,889	$0	7.13%
Asian	2	$510,000	$255,000	$0	5.62%
American Indian	2	$110,000	$55,000	$0	7.99%
Native Hawaiian or Islander	1	$55,000	$55,000	$0	6.99%

Approval Rates

Total approvals of all applications
30.69%

Oxford Bank & Trust has a low approval rate. They may have poor market targeting or stringent lending standards.

Pick Rate

Approvals leading to origination
47.70%

Oxford Bank & Trust has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

Points and Fees

Points	Originations	Total Value	Average Loan
0.0	49	$2,555,000	$52,143
499.0	336	$16,310,000	$48,542
NA	49	$33,225,000	$678,061

Occupancy Type Mix

Dwelling Type	Originations	Total Value	Average Loan
	434	$52,090,000	$120,023

LTV Distribution

Loan to Value	Originations	Total Value	Average Loan	Average Fees	Average Rate
20-40%	16	$1,460,000	$91,250	$0	6.70%
40-60%	62	$5,890,000	$95,000	$0	7.32%
60-80%	208	$32,320,000	$155,385	$0	7.04%
80-100%	141	$10,435,000	$74,007	$0	7.46%
Over 100%	1	$425,000	$425,000	$0	4.25%
Under 20%	6	$1,560,000	$260,000	$0	5.04%

Bank Details

Branches

Bank Name	Branch	Branch Type	Deposits (000's)
Oxford Bank & Trust	1111 West 22nd Street, Suite 800 Oak Brook, IL 60523	Full Service B&M	$40,810
Oxford Bank & Trust	115 North Addison Road Addison, IL 60101	Limited, Drive-thru	$0
Oxford Bank & Trust	1260 Book Road Naperville, IL 60563	Full Service B&M	$62,275
Oxford Bank & Trust	13440 Route 59 Plainfield, IL 60585	Full Service B&M	$57,286
Oxford Bank & Trust	1520 West Lake Street Addison, IL 60101	Full Service B&M	$197,468
Oxford Bank & Trust	205 North Addison Road Addison, IL 60101	Full Service B&M	$147,627
Oxford Bank & Trust	2920 83rd St Naperville, IL 60564	Full Service B&M	$69,914
Oxford Bank & Trust	6495 S. Cass Ave Westmont, IL 60559	Full Service B&M	$93,855

For 2021, Oxford Bank & Trust had 8 branches.