First Nations Bank Mortgage Rates, Fees & Info

Wheaton, IL

LEI: 549300VUQP8LETNCVK53

Tax ID: 36-2804830

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

    First Nations Bank is a smaller bank specializing in Home Purchase and Refi loans. First Nations Bank has a high proportion of conventional loans. Their top (well, only) market is Chicago.

    First Nations Bank has an above average approval rate when compared to the average across all lenders.

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    Originations

    19

    Origination Dollar Volume (All Markets)

    $12,155,000

    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) 19 $12,155,000 $639,737 $0 0.00%
    First Nations Bank's top markets include and Chicago among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 19 $12,155,000 $639,737 $0 0.00%

    For 2023, First Nations Bank's most frequently originated type of loan was Conventional, with 19 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 13 $6,705,000 $515,769 $0 0.00%
    Refi 6 $5,450,000 $908,333 $0 0.00%

    For 2023, First Nations Bank's most frequently cited loan purpose was Home Purchase, with 13 originations. The 2nd most popular reason was Refi, with 6 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 19 $12,155,000 $639,737 $0 0.00%

    For 2023, First Nations Bank's most frequently cited loan duration was Other, with 19 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 7 $1,935,000 $276,429 $0 0.00%
    $100k-200k 3 $445,000 $148,333 $0 0.00%
    $400k-600k 3 $1,485,000 $495,000 $0 0.00%
    $100,000 or less 2 $140,000 $70,000 $0 0.00%
    $1MM+ 2 $6,740,000 $3,370,000 $0 0.00%
    $600k-1MM 2 $1,410,000 $705,000 $0 0.00%

    2023 saw First Nations Bank place emphasis on $200k-400k loans with 7 originations, totaling $1,935,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 4 $1,580,000 $395,000 $0 0.00%
    $250k+ 2 $930,000 $465,000 $0 0.00%
    $50k-75k 2 $160,000 $80,000 $0 0.00%
    $50k or less 1 $85,000 $85,000 $0 0.00%

    First Nations Bank lent most frequently to those with incomes in the $150k-250k range, with 4 originations. The second most popular income band? $250k+, with 2 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 19 $12,155,000 $639,737 $0 0.00%

    First Nations Bank lent most frequently to those with DTI ratios of Exempt%, with 19 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 9 $9,035,000 $1,003,889 $0 0.00%
    White 8 $2,330,000 $291,250 $0 0.00%
    Asian 1 $705,000 $705,000 $0 0.00%
    Not provided 1 $85,000 $85,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    95.00%

    First Nations Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 19 $12,155,000 $639,737

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    19 $12,155,000 $639,737