Allied First Banksb Mortgage Rates, Fees & Info

Oswego, IL

LEI: 549300XRF9LCZ3RX3Q39

Tax ID: 36-3899872

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Mortgage Data

Bank Data

Review & Overview

Allied First Banksb is a smaller bank specializing in Home Purchase and Refi loans. Allied First Banksb has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Chicago, Los Angeles, San Francisco, Tampa, and Orlando among others. We have data for 54 markets. (Some data included below & more in-depth data is available with an active subscription.)

Allied First Banksb 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. 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 about average 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% 3/24/24
30 Year Conventional Refi 6.03% 3/24/24
30 Year Cash-out Refi 6.49% 3/24/24
30 Year FHA Purchase 7.01% 3/24/24
30 Year FHA Refi 6.16% 3/24/24
30 Year VA Purchase 5.37% 3/24/24
30 Year VA Refi 6.27% 3/24/24
30 Year USDA Refi 6.27% 3/24/24
15 Year Conventional Purchase 5.58% 3/24/24
15 Year Conventional Refi 4.99% 3/24/24
15 Year Cash-out Refi 4.99% 3/24/24
15 Year FHA Refi 6.28% 3/24/24
15 Year VA Purchase 5.68% 3/24/24
15 Year VA Refi 5.68% 3/24/24
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

228

Origination Dollar Volume (All Markets)

$51,400,000

Employee count

170

Awards

Allied First Banksb FHA Loans silver
Show all (1) awards

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) 152 $32,330,000 $212,697 $5,816 4.87%
Outside of Metro Areas 8 $1,620,000 $202,500 $5,581 4.28%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 2 $1,380,000 $690,000 $18,557 5.38%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 2 $1,280,000 $640,000 $19,403 5.00%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 3 $1,115,000 $371,667 $8,795 5.17%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 3 $875,000 $291,667 $8,782 4.67%
KANKAKEE, IL (FHA|USDA|VA) 4 $750,000 $187,500 $6,589 4.59%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 3 $505,000 $168,333 $4,381 5.46%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 3 $485,000 $161,667 $3,540 4.21%
ST. LOUIS, MO-IL (FHA|USDA|VA) 2 $460,000 $230,000 $3,227 4.94%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 1 $425,000 $425,000 $4,674 4.88%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 2 $410,000 $205,000 $3,324 4.13%
CLARKSVILLE, TN-KY (FHA|USDA|VA) 1 $405,000 $405,000 $3,128 3.75%
MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 1 $385,000 $385,000 $3,394 4.00%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 1 $375,000 $375,000 $10,662 5.99%
RACINE, WI (FHA|USDA|VA) 1 $345,000 $345,000 $2,602 4.75%
HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) 1 $335,000 $335,000 $7,066 5.00%
LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 1 $315,000 $315,000 $3,990 4.63%
HOUMA-THIBODAUX, LA (FHA|USDA|VA) 1 $295,000 $295,000 $9,031 5.50%
BURLINGTON, NC (FHA|USDA|VA) 1 $295,000 $295,000 $8,439 5.13%
KAHULUI-WAILUKU-LAHAINA, HI (FHA|USDA|VA) 1 $285,000 $285,000 $12,377 6.99%
COLUMBUS, OH (FHA|USDA|VA) 1 $285,000 $285,000 $3,771 4.38%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 1 $275,000 $275,000 $3,499 5.25%
RALEIGH-CARY, NC (FHA|USDA|VA) 1 $275,000 $275,000 $3,850 5.25%
Mayfield, KY (FHA|USDA|VA) 1 $255,000 $255,000 $7,839 4.88%
Hermiston-Pendleton, OR (FHA|USDA|VA) 1 $255,000 $255,000 $0 4.00%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 1 $255,000 $255,000 $3,422 4.88%
MEMPHIS, TN-MS-AR (FHA|USDA|VA) 1 $245,000 $245,000 $3,355 4.38%
CARSON CITY, NV (FHA|USDA|VA) 1 $245,000 $245,000 $6,896 4.50%
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 1 $245,000 $245,000 $0 4.75%
LAS CRUCES, NM (FHA|USDA|VA) 1 $235,000 $235,000 $2,167 4.75%
CHAMBERSBURG-WAYNESBORO, PA (FHA|USDA|VA) 1 $235,000 $235,000 $9,660 6.00%
CHAMPAIGN-URBANA, IL (FHA|USDA|VA) 1 $235,000 $235,000 $2,496 4.75%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 1 $235,000 $235,000 $4,433 4.63%
Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 2 $230,000 $115,000 $3,408 5.25%
SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) 1 $225,000 $225,000 $3,043 5.63%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 1 $215,000 $215,000 $4,237 5.25%
WORCESTER, MA-CT (FHA|USDA|VA) 1 $215,000 $215,000 $3,086 4.38%
OCALA, FL (FHA|USDA|VA) 1 $215,000 $215,000 $3,874 4.38%
ANCHORAGE, AK (FHA|USDA|VA) 1 $215,000 $215,000 $3,145 4.88%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 1 $205,000 $205,000 $4,421 5.13%
PUNTA GORDA, FL (FHA|USDA|VA) 1 $185,000 $185,000 $3,569 4.88%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 1 $185,000 $185,000 $0 4.63%
Ottawa, IL (FHA|USDA|VA) 1 $175,000 $175,000 $1,359 4.25%
Guymon, OK (FHA|USDA|VA) 1 $165,000 $165,000 $6,620 5.13%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 1 $165,000 $165,000 $3,534 4.50%
BLOOMINGTON, IN (FHA|USDA|VA) 1 $155,000 $155,000 $2,742 4.50%
ROCKFORD, IL (FHA|USDA|VA) 1 $155,000 $155,000 $5,733 4.75%
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) 1 $155,000 $155,000 $3,063 5.50%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 1 $155,000 $155,000 $8,285 5.99%
Mountain Home, AR (FHA|USDA|VA) 1 $115,000 $115,000 $2,869 4.63%
DECATUR, AL (FHA|USDA|VA) 1 $115,000 $115,000 $4,718 4.50%
Show Low, AZ (FHA|USDA|VA) 1 $105,000 $105,000 $6,170 5.99%
KNOXVILLE, TN (FHA|USDA|VA) 1 $105,000 $105,000 $4,962 4.50%
Allied First Banksb's top markets include Chicago, Los Angeles, San Francisco, Tampa, and Orlando among others.

Their top states include:
  • Illinois (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • California (FHA|USDA|VA)
  • Tennessee (FHA|USDA|VA)
  • Wisconsin (FHA|USDA|VA)
  • 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.

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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 163 $37,005,000 $227,025 $5,219 5.00%
    FHA 52 $11,210,000 $215,577 $7,866 4.53%
    VA 12 $2,850,000 $237,500 $5,706 4.27%
    USDA 1 $335,000 $335,000 $7,066 5.00%

    For 2018, Allied First Banksb's most frequently originated type of loan was Conventional, with 163 originations. Their 2nd most popular type was FHA, with 52 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 136 $28,920,000 $212,647 $6,390 4.82%
    Refi 76 $19,520,000 $256,842 $5,419 4.89%
    Cash Out Refi 16 $2,960,000 $185,000 $3,657 5.05%

    For 2018, Allied First Banksb's most frequently cited loan purpose was Home Purchase, with 136 originations. The 2nd most popular reason was Refi, with 76 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 215 $48,865,000 $227,279 $6,030 4.90%
    15 Year 9 $1,445,000 $160,556 $3,227 4.04%
    20 Year 2 $650,000 $325,000 $3,065 4.19%
    Other 2 $440,000 $220,000 $3,563 4.56%

    For 2018, Allied First Banksb's most frequently cited loan duration was 30 Year, with 215 originations. The 2nd most popular length was 15 Year, with 9 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 175 $37,945,000 $216,829
    $5k+ 19 $7,035,000 $370,263
    $<1k 15 $3,465,000 $231,000
    $3k-4k 7 $705,000 $100,714
    $2k-3k 6 $980,000 $163,333
    $4k-5k 4 $840,000 $210,000

    Allied First Banksb's average total fees were $6,030, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 175 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 154 $34,840,000 $226,234
    5-6% 53 $11,015,000 $207,830
    3-4% 12 $3,010,000 $250,833
    6-7% 6 $1,890,000 $315,000
    7-8% 2 $380,000 $190,000
    2.5-3% 1 $265,000 $265,000

    During 2018, Allied First Banksb's average interest rate for loans was 4.90%, while their most frequently originated rate bucket for loans was 4-5%, with 154 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 103 $27,905,000 $270,922 $6,460 4.82%
    $100k-200k 96 $15,350,000 $159,896 $4,888 4.79%
    $100,000 or less 16 $1,360,000 $85,000 $4,955 5.51%
    $400k-600k 10 $4,300,000 $430,000 $6,546 4.68%
    $600k-1MM 3 $2,485,000 $828,333 $20,713 5.67%

    2018 saw Allied First Banksb place emphasis on $200k-400k loans with 103 originations, totaling $27,905,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 58 $11,030,000 $190,172 $5,874 4.81%
    $100k-150k 55 $13,005,000 $236,455 $6,119 4.81%
    $75k-100k 39 $8,525,000 $218,590 $5,133 4.88%
    $150k-250k 38 $11,870,000 $312,368 $6,832 5.05%
    $50k or less 28 $4,090,000 $146,071 $5,560 4.82%
    $250k+ 6 $1,950,000 $325,000 $5,153 4.92%

    Allied First Banksb lent most frequently to those with incomes in the $50k-75k range, with 58 originations. The second most popular income band? $100k-150k, with 55 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 51 $11,875,000 $232,843 $5,028 4.98%
    20-30% 35 $7,615,000 $217,571 $4,556 4.86%
    50-60% 19 $4,005,000 $210,789 $7,903 4.46%
    42% 15 $4,235,000 $282,333 $7,506 4.98%
    39% 11 $2,815,000 $255,909 $6,143 4.72%
    38% 10 $2,720,000 $272,000 $7,037 4.79%
    37% 9 $1,725,000 $191,667 $6,634 5.13%
    47% 9 $1,915,000 $212,778 $6,437 4.90%
    46% 8 $1,770,000 $221,250 $6,953 4.83%
    41% 7 $1,575,000 $225,000 $6,671 5.07%
    49% 7 $1,495,000 $213,571 $3,970 4.82%
    36% 7 $1,835,000 $262,143 $7,425 5.23%
    45% 7 $1,365,000 $195,000 $5,459 4.82%
    <20% 6 $850,000 $141,667 $5,034 4.81%
    40% 6 $1,500,000 $250,000 $7,082 4.60%
    43% 6 $1,140,000 $190,000 $4,553 4.89%
    48% 6 $1,160,000 $193,333 $5,036 4.65%
    44% 5 $895,000 $179,000 $6,323 4.95%
    >60% 2 $460,000 $230,000 $6,318 4.38%

    Allied First Banksb lent most frequently to those with DTI ratios of 30-36%, with 51 originations. The next most common DTI ratio? 20-30%, with 35 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 184 $42,260,000 $229,674 $5,776 4.81%
    Black 17 $3,845,000 $226,176 $6,559 4.82%
    Asian 16 $3,140,000 $196,250 $6,761 5.36%
    Not provided 10 $1,910,000 $191,000 $5,094 5.03%
    Other Asian 1 $245,000 $245,000 $0 4.75%

    Approval Rates

    Total approvals of all applications
    90.00%

    Allied First Banksb has an average approval rate.

    Pick Rate

    Approvals leading to origination
    74.12%

    Allied First Banksb has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 228 $51,400,000 $225,439

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 1 $255,000 $255,000
    Single Family (1-4 Units):Site-Built 227 $51,145,000 $225,308

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    40-60% 13 $2,855,000 $219,615 $3,850 4.88%
    60-80% 84 $19,570,000 $232,976 $5,391 5.08%
    80-100% 128 $28,620,000 $223,594 $6,403 4.72%
    Over 100% 1 $205,000 $205,000 $8,682 4.38%
    Under 20% 2 $150,000 $75,000 $3,711 4.50%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Allied First Bank,sb 3201 Orchard Rd Oswego, IL 60543 Full Service B&M $72,560

    For 2018, Allied First Banksb had 1 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $3,107
    Net interest income $2,696
    Total noninterest income $19,769
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $88
    Trading account gains and fees $0
    Additional Noninterest Income $19,681
    Pre-tax net operating income $-436
    Securities gains (or losses, -) $0
    Income before extraordinary items $-322
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $-322
    Minority interest net income $0
    Net income $-322
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $-322

    Allied First Banksb's gross interest income from loans was $3,107,000.
    Allied First Banksb's net interest income from loans was $2,696,000.
    Allied First Banksb's fee based income from loans was $88,000.
    Allied First Banksb's net income from loans was $-322,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $411
    Provision for credit losses $-133
    Total noninterest expense $23,034
    Salaries and employee benefits $14,890
    Premises and equipment expense $1,048
    Additional noninterest expense $7,096
    Applicable income taxes $-114
    Net charge-offs $-51
    Cash dividends $0

    Allied First Banksb's interest expense for loans was $411,000.
    Allied First Banksb's payroll and benefits expense were $14,890,000.
    Allied First Banksb's property, plant and equipment expenses $1,048,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 5.0%
    Real Estate loans 5.0%
    Construction & Land Development loans 0.0%
    Nonfarm, nonresidential loans 0.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 6.0%
    HELOC loans 0.0%
    All other family 8.0%
    Commercial & industrial loans 6.0%
    Personal loans 0.0%
    Credit card loans 0.0%
    Other individual loans 0.0%
    Auto loans 0.0%
    Other consumer loans 0.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $75,182
    Deposits held in domestic offices $75,182
    Deposits by Individuals, partnerships, and corporations $73,082
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $57
    Deposits by Commercial banks and other depository institutions in U.S. $2,043
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $30,444
    Demand deposits $22,885
    Nontransaction accounts $44,738
    Money market deposit accounts (MMDAs) $19,800
    Other savings deposits (excluding MMDAs) $13,501
    Total time deposits $11,437
    Total time and savings deposits $52,297
    Noninterest-bearing deposits $23,401
    Interest-bearing deposits $51,781
    Retail deposits $69,870
    IRAs and Keogh plan accounts $1,138
    Brokered deposits $5,055
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $85,222
    Cash & Balances due from depository institutions $13,544
    Interest-bearing balances $10,148
    Total securities $7,350
    Federal funds sold & reverse repurchase $0
    Net loans and leases $53,218
    Loan and leases loss allowance $672
    Trading account assets $0
    Bank premises and fixed assets $7,955
    Other real estate owned $149
    Goodwill and other intangibles $0
    All other assets $3,006

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $85,222
    Total Liabilities $75,602
    Total deposits $75,182
    Interest-bearing deposits $51,781
    Deposits held in domestic offices $75,182
    % insured (estimated) $95
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $420

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $53,218
    Loan and leases loss allowance $672
    Total loans and leases (domestic) $53,890
    All real estate loans $49,447
    Real estate loans in domestic offices $49,447
    Construction and development loans $771
    Residential 1-4 family construction $771
    Other construction, all land development and other land $0
    Loans secured by nonfarm nonresidential properties $6,679
    Nonfarm nonresidential secured by owner-occupied properties $0
    Commercial real estate & other non-farm, non-residential $6,679
    Multifamily residential real estate $0
    1-4 family residential loans $41,997
    Farmland loans $0
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $3,287
    To non-U.S. addressees $0
    Loans to individuals $1,160
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $95
    Other loans to individuals $1,065
    All other loans & leases $0
    Loans to foreign governments and official institutions $0
    Other loans $0
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $0
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $1,398
    Non 1-4 family restructured loans & leases $1,106
    Total loans and leases (foreign) $0

    Allied First Banksb had $53,218,000 of loans outstanding in 2018. $49,447,000 of loans were in real estate loans. $771,000 of loans were in development loans. $0 of loans were in multifamily mortgage loans. $41,997,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $95,000 of loans were in the auto loan category.

    Small Business Loans

    Categorization # of Loans in Category $ amount of loans (in 000's) Average $/loan
    Nonfarm, nonresidential loans - <$1MM 25 $6,679 $267,160
    Nonfarm, nonresidential loans - <$100k 3 $112 $37,333
    Nonfarm, nonresidential loans - $100-250k 11 $1,337 $121,545
    Nonfarm, nonresidential loans - $250k-1MM 11 $5,230 $475,455
    Commercial & Industrial, US addressed loans - <$1MM 48 $3,287 $68,479
    Commercial & Industrial, US addressed loans - <$100k 16 $289 $18,063
    Commercial & Industrial, US addressed loans - $100-250k 10 $872 $87,200
    Commercial & Industrial, US addressed loans - $250k-1MM 22 $2,126 $96,636