North Shore Trust And Savings Mortgage Rates, Fees & Info
Waukegan, ILLEI: 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
101Origination Dollar Volume (All Markets)
$29,595,000Top 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) | 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% |
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
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
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
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
Approval Rates
Total approvals of all applications91.56%
North Shore Trust And Savings has an average approval rate.
Pick Rate
Approvals leading to origination62.38%
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 |