Peoples Bank Of Kankakee County Mortgage Rates, Fees & Info
Bourbonnais, ILLEI: 549300WXIUJ8ZTV7X921
Tax ID: 36-2484148
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Peoples Bank Of Kankakee County is a smaller bank specializing in Home Purchase loans. Peoples Bank Of Kankakee County has a high proportion of conventional loans. Their top markets by origination volume include: Kankakee, Chicago, Myrtle Beach, Detroit, and Cape Coral among others. We have data for 8 markets. (Some data included below & more in-depth data is available with an active subscription.)Peoples Bank Of Kankakee County 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
117Origination Dollar Volume (All Markets)
$20,505,000Top 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 |
|---|---|---|---|---|---|
| KANKAKEE, IL (FHA|USDA|VA) | 103 | $17,865,000 | $173,447 | $0 | 0.00% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 3 | $675,000 | $225,000 | $0 | 0.00% |
| Outside of Metro Areas | 5 | $635,000 | $127,000 | $0 | 0.00% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 1 | $435,000 | $435,000 | $0 | 0.00% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $0 | 0.00% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 2 | $330,000 | $165,000 | $0 | 0.00% |
| PEORIA, IL (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 0.00% |
| DANVILLE, IL (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 117 | $20,505,000 | $175,256 | $0 | 0.00% |
For 2023, Peoples Bank Of Kankakee County's most frequently originated type of loan was Conventional, with 117 originations.
Loan Reason
For 2023, Peoples Bank Of Kankakee County's most frequently cited loan purpose was Home Purchase, with 107 originations. The 2nd most popular reason was Cash Out Refi, with 4 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 117 | $20,505,000 | $175,256 | $0 | 0.00% |
For 2023, Peoples Bank Of Kankakee County's most frequently cited loan duration was Other, with 117 originations.
Loan Sizing
2023 saw Peoples Bank Of Kankakee County place emphasis on $100k-200k loans with 47 originations, totaling $6,625,000 in origination value.
Applicant Income
Peoples Bank Of Kankakee County lent most frequently to those with incomes in the $100k-150k range, with 26 originations. The second most popular income band? $50k or less, with 26 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 117 | $20,505,000 | $175,256 | $0 | 0.00% |
Peoples Bank Of Kankakee County lent most frequently to those with DTI ratios of Exempt%, with 117 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications96.35%
Peoples Bank Of Kankakee County has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination74.36%
Peoples Bank Of Kankakee County has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 117 | $20,505,000 | $175,256 |