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

Jump to:

Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • 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 Refi and Home Purchase loans. First Nations Bank has a high proportion of conventional loans. Their top (well, only) market is Chicago.

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

    20

    Origination Dollar Volume (All Markets)

    $16,600,000

    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) 20 $16,600,000 $830,000 $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 20 $16,600,000 $830,000 $0 0.00%

    For 2018, First Nations Bank's most frequently originated type of loan was Conventional, with 20 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 10 $9,370,000 $937,000 $0 0.00%
    Home Purchase 9 $7,195,000 $799,444 $0 0.00%
    Home Improvement 1 $35,000 $35,000 $0 0.00%

    For 2018, First Nations Bank's most frequently cited loan purpose was Refi, with 10 originations. The 2nd most popular reason was Home Purchase, with 9 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 20 $16,600,000 $830,000 $0 0.00%

    For 2018, First Nations Bank's most frequently cited loan duration was Other, with 20 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $600k-1MM 8 $6,620,000 $827,500 $0 0.00%
    $1MM+ 4 $7,640,000 $1,910,000 $0 0.00%
    $200k-400k 3 $975,000 $325,000 $0 0.00%
    $100k-200k 2 $280,000 $140,000 $0 0.00%
    $400k-600k 2 $1,050,000 $525,000 $0 0.00%
    $100,000 or less 1 $35,000 $35,000 $0 0.00%

    2018 saw First Nations Bank place emphasis on $600k-1MM loans with 8 originations, totaling $6,620,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 3 $1,165,000 $388,333 $0 0.00%
    $150k-250k 1 $955,000 $955,000 $0 0.00%
    $250k+ 1 $355,000 $355,000 $0 0.00%
    $75k-100k 1 $115,000 $115,000 $0 0.00%

    First Nations Bank lent most frequently to those with incomes in the $100k-150k range, with 3 originations. The second most popular income band? $150k-250k, with 1 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 20 $16,600,000 $830,000 $0 0.00%

    First Nations Bank lent most frequently to those with DTI ratios of Exempt%, with 20 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 12 $12,910,000 $1,075,833 $0 0.00%
    White 8 $3,690,000 $461,250 $0 0.00%

    Approval Rates

    Total approvals of all applications
    77.78%

    First Nations Bank has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    95.00%

    First Nations Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 20 $16,600,000 $830,000

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 13 $13,845,000 $1,065,000
    Single Family (1-4 Units):Site-Built 7 $2,755,000 $393,571

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    FIRST NATIONAL BANK OF OMAHA Home equity loan or line of credit (HELOC) Closing on a mortgage 1 50.0%
    FIRST NATIONAL BANK OF OMAHA Conventional home mortgage Struggling to pay mortgage 1 50.0%