Allied First Banksb Mortgage Rates, Fees & Info
Oswego, ILLEI: 549300XRF9LCZ3RX3Q39
Tax ID: 36-3899872
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Mortgage Data
Review & Overview
Allied First Banksb is a smaller bank specializing in Home Purchase loans. Allied First Banksb has a high proportion of conventional loans. They have an average proportion of FHA loans. Their top markets by origination volume include: Chicago, Punta Gorda, Atlanta, Washington, and Denver among others. We have data for 42 markets. (Some data included below & more in-depth data is available with an active subscription.)Allied First Banksb has a below average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Allied First Banksb is typically an average fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have relatively high rates.
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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.17% | 4/24/24 |
| 30 Year Conventional Refi | 6.03% | 4/24/24 |
| 30 Year Cash-out Refi | 6.49% | 4/24/24 |
| 30 Year FHA Purchase | 7.01% | 4/24/24 |
| 30 Year FHA Refi | 6.16% | 4/24/24 |
| 30 Year VA Purchase | 5.37% | 4/24/24 |
| 30 Year VA Refi | 6.27% | 4/24/24 |
| 30 Year USDA Refi | 6.27% | 4/24/24 |
| 15 Year Conventional Purchase | 5.58% | 4/24/24 |
| 15 Year Conventional Refi | 4.99% | 4/24/24 |
| 15 Year Cash-out Refi | 4.99% | 4/24/24 |
| 15 Year FHA Refi | 6.28% | 4/24/24 |
| 15 Year VA Purchase | 5.68% | 4/24/24 |
| 15 Year VA Refi | 5.68% | 4/24/24 |
| These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates. | ||
Allied First Banksb Mortgage Calculator
Your Estimates
Estimated Loan Payment: Update the calculator values and click calculate payment!
This is not an official calculator from Allied First Banksb. It uses our SimulatedRate™
technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.
The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
161Origination Dollar Volume (All Markets)
$51,385,000Awards
Allied First Banksb - 2023
Allied First Banksb is a 2023 , due to their low .
For 2023, less than of lenders were eligible for this award.
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Relative Rate
Allied First Banksb's average 30 year fixed mortgage rate was
6.38%.
The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.
This yields a difference of -0.1%.
Relative Fees (Closing Costs)
Allied First Banksb's average total fees/closing costs for a 30 year fixed rate
mortgage were $7,638.
The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including
both points & up-front fees in addition to origination fees) were $9,089.
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) | 68 | $20,520,000 | $301,765 | $7,369 | 6.40% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 22 | $7,600,000 | $345,455 | $9,197 | 5.83% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 7 | $2,675,000 | $382,143 | $11,770 | 6.80% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 4 | $2,190,000 | $547,500 | $5,597 | 4.44% |
| Outside of Metro Areas | 7 | $2,025,000 | $289,286 | $3,683 | 5.48% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 2 | $1,110,000 | $555,000 | $4,020 | 6.31% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 4 | $1,090,000 | $272,500 | $6,066 | 6.13% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 1 | $945,000 | $945,000 | $21,009 | 5.75% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 2 | $880,000 | $440,000 | $10,603 | 5.63% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 2 | $860,000 | $430,000 | $8,950 | 4.38% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 2 | $810,000 | $405,000 | $7,459 | 5.88% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 2 | $810,000 | $405,000 | $6,823 | 7.06% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 1 | $715,000 | $715,000 | $10,088 | 5.99% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 2 | $710,000 | $355,000 | $8,726 | 6.44% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 2 | $550,000 | $275,000 | $9,796 | 7.19% |
| Ottawa, IL (FHA|USDA|VA) | 3 | $545,000 | $181,667 | $7,465 | 6.67% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 1 | $545,000 | $545,000 | $6,744 | 6.75% |
| KANKAKEE, IL (FHA|USDA|VA) | 4 | $520,000 | $130,000 | $4,641 | 7.03% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 1 | $515,000 | $515,000 | $5,190 | 5.25% |
| ROCKFORD, IL (FHA|USDA|VA) | 1 | $435,000 | $435,000 | $4,148 | 7.13% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $2,412 | 3.75% |
| PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $8,533 | 6.50% |
| SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $1,894 | 2.75% |
| SAVANNAH, GA (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $4,265 | 8.25% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $1,823 | 2.25% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $1,850 | 2.25% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $5,642 | 5.25% |
| COLUMBUS, OH (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $0 | 6.75% |
| MUSKEGON, MI (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $2,606 | 6.49% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $9,110 | 6.75% |
| HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $13,022 | 7.25% |
| Kennett, MO (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $12,296 | 6.50% |
| JANESVILLE-BELOIT, WI (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $7,589 | 7.00% |
| LAWTON, OK (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $1,343 | 3.63% |
| Pontiac, IL (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $8,213 | 6.63% |
| Rochelle, IL (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $9,314 | 6.99% |
| CHAMPAIGN-URBANA, IL (FHA|USDA|VA) | 2 | $180,000 | $90,000 | $2,785 | 6.38% |
| DECATUR, IL (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $6,145 | 7.49% |
| Galesburg, IL (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $272 | 4.38% |
| PANAMA CITY, FL (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $3,864 | 6.25% |
| MICHIGAN CITY-LA PORTE, IN (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $3,241 | 6.25% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $2,647 | 7.38% |
Similar Lenders
We use machine learning to identify the top lenders compared against Allied First Banksb based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
Similarity Rank: 17
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 117 | $36,455,000 | $311,581 | $6,839 | 6.30% |
| FHA | 26 | $7,320,000 | $281,538 | $10,905 | 6.86% |
| VA | 18 | $7,610,000 | $422,778 | $4,684 | 4.16% |
For 2023, Allied First Banksb's most frequently originated type of loan was Conventional, with 117 originations. Their 2nd most popular type was FHA, with 26 originations.
Loan Reason
For 2023, Allied First Banksb's most frequently cited loan purpose was Home Purchase, with 133 originations. The 2nd most popular reason was Cash Out Refi, with 18 originations.
Loan Duration/Length
For 2023, Allied First Banksb's most frequently cited loan duration was 30 Year, with 144 originations. The 2nd most popular length was Other, with 13 originations.
Origination Fees/Closing Costs
Allied First Banksb's average total fees were $7,638, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 72 originations.
Interest Rates
During 2023, Allied First Banksb's average interest rate for loans was 6.38%, while their most frequently originated rate bucket for loans was 6-7%, with 69 originations.
Loan Sizing
2023 saw Allied First Banksb place emphasis on $200k-400k loans with 86 originations, totaling $24,800,000 in origination value.
Applicant Income
Allied First Banksb lent most frequently to those with incomes in the $150k-250k range, with 44 originations. The second most popular income band? $100k-150k, with 43 originations.
Applicant Debt to Income Ratio
Allied First Banksb lent most frequently to those with DTI ratios of 30-36%, with 37 originations. The next most common DTI ratio? 20-30%, with 22 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications63.98%
Allied First Banksb has a low approval rate. They may have poor market targeting or stringent lending standards.
Pick Rate
Approvals leading to origination-25.47%
Allied First Banksb 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 |
|---|---|---|---|
| NA | 161 | $51,385,000 | $319,161 |