First Nations Bank Mortgage Rates, Fees & Info
Wheaton, ILLEI: 549300VUQP8LETNCVK53
Tax ID: 36-2804830
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Mortgage Data
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 markets by origination volume include: Chicago, Naples, Kankakee, and Whitewater among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)First Nations Bank has an 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
15Origination Dollar Volume (All Markets)
$4,765,000Top 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 |
|---|---|---|---|---|---|
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 12 | $2,900,000 | $241,667 | $0 | 0.00% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 1 | $1,405,000 | $1,405,000 | $0 | 0.00% |
| KANKAKEE, IL (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $0 | 0.00% |
| Whitewater, WI (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 15 | $4,765,000 | $317,667 | $0 | 0.00% |
For 2019, First Nations Bank's most frequently originated type of loan was Conventional, with 15 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 10 | $3,470,000 | $347,000 | $0 | 0.00% |
| Refi | 4 | $1,180,000 | $295,000 | $0 | 0.00% |
| Cash Out Refi | 1 | $115,000 | $115,000 | $0 | 0.00% |
For 2019, First Nations Bank's most frequently cited loan purpose was Home Purchase, with 10 originations. The 2nd most popular reason was Refi, with 4 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 15 | $4,765,000 | $317,667 | $0 | 0.00% |
For 2019, First Nations Bank's most frequently cited loan duration was Other, with 15 originations.
Loan Sizing
2019 saw First Nations Bank place emphasis on $200k-400k loans with 5 originations, totaling $1,335,000 in origination value.
Applicant Income
| Applicant Income | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $75k-100k | 2 | $180,000 | $90,000 | $0 | 0.00% |
| $150k-250k | 1 | $85,000 | $85,000 | $0 | 0.00% |
| $250k+ | 1 | $265,000 | $265,000 | $0 | 0.00% |
First Nations Bank lent most frequently to those with incomes in the $75k-100k range, with 2 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% | 15 | $4,765,000 | $317,667 | $0 | 0.00% |
First Nations Bank lent most frequently to those with DTI ratios of Exempt%, with 15 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications85.00%
First Nations Bank has a below average approval rate.
Pick Rate
Approvals leading to origination86.67%
First Nations Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 15 | $4,765,000 | $317,667 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Multifamily:Site-Built | 5 | $2,835,000 | $567,000 |
| Single Family (1-4 Units):Site-Built | 10 | $1,930,000 | $193,000 |
Complaints
| Bank Name | Product | Issue | 2019 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| FIRST NATIONAL BANK OF OMAHA | Conventional home mortgage | Closing on a mortgage | 2 | 33.3% |
| FIRST NATIONAL BANK OF OMAHA | Conventional home mortgage | Trouble during payment process | 3 | 50.0% |
| FIRST NATIONAL BANK OF OMAHA | Conventional home mortgage | Struggling to pay mortgage | 1 | 16.7% |