North Shore Trust And Savings Mortgage Rates, Fees & Info

Waukegan, IL

LEI: 549300WIE2SKOKI8PF63

Tax ID: 36-1558290

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Mortgage Data

Review & Overview

North Shore Trust And Savings is a smaller mortgage company specializing in Home Purchase loans. North Shore Trust And Savings has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: Chicago, Cape Coral, Ottawa, Whitewater, and Phoenix among others. We have data for 14 markets. (Some data included below & more in-depth data is available with an active subscription.)

North Shore Trust And Savings has an above 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

101

Origination Dollar Volume (All Markets)

$29,595,000

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) 84 $24,190,000 $287,976 $0 0.00%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 1 $1,465,000 $1,465,000 $0 0.00%
Ottawa, IL (FHA|USDA|VA) 2 $690,000 $345,000 $0 0.00%
Whitewater, WI (FHA|USDA|VA) 3 $665,000 $221,667 $0 0.00%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 1 $435,000 $435,000 $0 0.00%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 1 $405,000 $405,000 $0 0.00%
RACINE, WI (FHA|USDA|VA) 2 $390,000 $195,000 $0 0.00%
CINCINNATI, OH-KY-IN (FHA|USDA|VA) 1 $305,000 $305,000 $0 0.00%
KANKAKEE, IL (FHA|USDA|VA) 1 $245,000 $245,000 $0 0.00%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 1 $225,000 $225,000 $0 0.00%
JANESVILLE-BELOIT, WI (FHA|USDA|VA) 1 $195,000 $195,000 $0 0.00%
Outside of Metro Areas 1 $185,000 $185,000 $0 0.00%
IOWA CITY, IA (FHA|USDA|VA) 1 $145,000 $145,000 $0 0.00%
ROCKFORD, IL (FHA|USDA|VA) 1 $55,000 $55,000 $0 0.00%
North Shore Trust And Savings's top markets include Chicago, Cape Coral, Ottawa, Whitewater, and Phoenix among others.

Their top states include:
  • Illinois (FHA|USDA|VA)
  • Wisconsin (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Arizona (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 100 $29,440,000 $294,400 $0 0.00%
    FHA 1 $155,000 $155,000 $0 0.00%

    For 2023, North Shore Trust And Savings's most frequently originated type of loan was Conventional, with 100 originations. Their 2nd most popular type was FHA, with 1 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 83 $23,705,000 $285,602 $0 0.00%
    Cash Out Refi 9 $4,945,000 $549,444 $0 0.00%
    Home Improvement 5 $465,000 $93,000 $0 0.00%
    Other 2 $60,000 $30,000 $0 0.00%
    Refi 2 $420,000 $210,000 $0 0.00%

    For 2023, North Shore Trust And Savings's most frequently cited loan purpose was Home Purchase, with 83 originations. The 2nd most popular reason was Cash Out Refi, with 9 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 101 $29,595,000 $293,020 $0 0.00%

    For 2023, North Shore Trust And Savings's most frequently cited loan duration was Other, with 101 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 45 $12,365,000 $274,778 $0 0.00%
    $100k-200k 28 $4,370,000 $156,071 $0 0.00%
    $400k-600k 13 $5,975,000 $459,615 $0 0.00%
    $100,000 or less 10 $600,000 $60,000 $0 0.00%
    $600k-1MM 3 $2,195,000 $731,667 $0 0.00%
    $1MM+ 2 $4,090,000 $2,045,000 $0 0.00%

    2023 saw North Shore Trust And Savings place emphasis on $200k-400k loans with 45 originations, totaling $12,365,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 31 $7,795,000 $251,452 $0 0.00%
    $150k-250k 21 $7,985,000 $380,238 $0 0.00%
    $75k-100k 15 $3,125,000 $208,333 $0 0.00%
    $50k-75k 13 $2,305,000 $177,308 $0 0.00%
    $50k or less 11 $1,265,000 $115,000 $0 0.00%
    $250k+ 8 $6,820,000 $852,500 $0 0.00%

    North Shore Trust And Savings lent most frequently to those with incomes in the $100k-150k range, with 31 originations. The second most popular income band? $150k-250k, with 21 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 101 $29,595,000 $293,020 $0 0.00%

    North Shore Trust And Savings lent most frequently to those with DTI ratios of Exempt%, with 101 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 88 $25,950,000 $294,886 $0 0.00%
    Not provided 7 $2,225,000 $317,857 $0 0.00%
    Black 4 $1,120,000 $280,000 $0 0.00%
    Not applicable 2 $300,000 $150,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    91.56%

    North Shore Trust And Savings has an average approval rate.

    Pick Rate

    Approvals leading to origination
    62.38%

    North Shore Trust And Savings 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
    Exempt 101 $29,595,000 $293,020

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    101 $29,595,000 $293,020