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, San Francisco, Washington, Lakeland, and Denver among others. We have data for 55 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% 5/4/24
30 Year Conventional Refi 6.03% 5/4/24
30 Year Cash-out Refi 6.49% 5/4/24
30 Year FHA Purchase 7.01% 5/4/24
30 Year FHA Refi 6.16% 5/4/24
30 Year VA Purchase 5.37% 5/4/24
30 Year VA Refi 6.27% 5/4/24
30 Year USDA Refi 6.27% 5/4/24
15 Year Conventional Purchase 5.58% 5/4/24
15 Year Conventional Refi 4.99% 5/4/24
15 Year Cash-out Refi 4.99% 5/4/24
15 Year FHA Refi 6.28% 5/4/24
15 Year VA Purchase 5.68% 5/4/24
15 Year VA Refi 5.68% 5/4/24
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

287

Origination Dollar Volume (All Markets)

$74,255,000

Employee count

271

Awards

Allied First Banksb VA Loans silver Allied First Banksb FHA Loans gold Allied First Banksb FHA Loans silver
Show all (3) 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) 193 $48,305,000 $250,285 $4,477 4.05%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 4 $2,250,000 $562,500 $4,982 3.87%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 6 $1,930,000 $321,667 $5,004 3.85%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 7 $1,425,000 $203,571 $6,232 4.38%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 2 $1,150,000 $575,000 $11,297 4.38%
PUNTA GORDA, FL (FHA|USDA|VA) 4 $1,090,000 $272,500 $4,502 3.44%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 3 $1,085,000 $361,667 $3,487 3.79%
Outside of Metro Areas 6 $1,070,000 $178,333 $4,530 3.88%
KANKAKEE, IL (FHA|USDA|VA) 5 $1,035,000 $207,000 $3,085 3.95%
LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 3 $985,000 $328,333 $2,828 3.92%
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 2 $800,000 $400,000 $4,547 3.50%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 1 $755,000 $755,000 $14,482 5.00%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 2 $690,000 $345,000 $6,160 4.25%
ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) 2 $540,000 $270,000 $11,656 6.63%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 3 $525,000 $175,000 $3,675 3.58%
WILMINGTON, NC (FHA|USDA|VA) 2 $500,000 $250,000 $2,508 4.31%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 1 $485,000 $485,000 $5,688 4.25%
ANCHORAGE, AK (FHA|USDA|VA) 1 $465,000 $465,000 $3,196 3.00%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 2 $440,000 $220,000 $6,180 3.38%
SALISBURY, MD-DE (FHA|USDA|VA) 1 $405,000 $405,000 $4,133 3.75%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 1 $395,000 $395,000 $3,064 3.99%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 2 $370,000 $185,000 $3,736 4.63%
HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) 1 $365,000 $365,000 $4,036 4.25%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 1 $325,000 $325,000 $4,721 3.63%
WINSTON-SALEM, NC (FHA|USDA|VA) 1 $325,000 $325,000 $3,233 3.88%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 1 $305,000 $305,000 $8,901 3.50%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 1 $295,000 $295,000 $0 3.50%
FORT COLLINS, CO (FHA|USDA|VA) 1 $295,000 $295,000 $3,962 4.00%
PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) 1 $285,000 $285,000 $3,803 3.88%
SAVANNAH, GA (FHA|USDA|VA) 1 $285,000 $285,000 $3,164 4.75%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 1 $275,000 $275,000 $3,303 4.63%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 1 $275,000 $275,000 $0 4.00%
LYNCHBURG, VA (FHA|USDA|VA) 1 $265,000 $265,000 $2,498 3.99%
WORCESTER, MA-CT (FHA|USDA|VA) 1 $255,000 $255,000 $3,369 7.13%
SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) 1 $255,000 $255,000 $11,004 4.25%
CARSON CITY, NV (FHA|USDA|VA) 1 $245,000 $245,000 $6,709 3.75%
CHAMPAIGN-URBANA, IL (FHA|USDA|VA) 1 $235,000 $235,000 $2,720 3.88%
KANSAS CITY, MO-KS (FHA|USDA|VA) 1 $235,000 $235,000 $6,954 3.63%
ALBANY-LEBANON, OR (FHA|USDA|VA) 1 $235,000 $235,000 $3,544 3.50%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 1 $235,000 $235,000 $6,903 3.99%
Whitewater, WI (FHA|USDA|VA) 1 $235,000 $235,000 $3,272 4.25%
SYRACUSE, NY (FHA|USDA|VA) 1 $215,000 $215,000 $3,606 3.00%
Amsterdam, NY (FHA|USDA|VA) 2 $210,000 $105,000 $3,540 5.44%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 1 $205,000 $205,000 $9,781 5.99%
Oneonta, NY (FHA|USDA|VA) 1 $195,000 $195,000 $9,653 5.99%
Ottawa, IL (FHA|USDA|VA) 1 $185,000 $185,000 $7,877 3.25%
FARGO, ND-MN (FHA|USDA|VA) 1 $175,000 $175,000 $3,291 4.25%
GADSDEN, AL (FHA|USDA|VA) 1 $175,000 $175,000 $5,984 4.00%
PORT ST. LUCIE, FL (FHA|USDA|VA) 1 $175,000 $175,000 $2,830 3.50%
Rochelle, IL (FHA|USDA|VA) 1 $165,000 $165,000 $6,148 3.00%
Bellefontaine, OH (FHA|USDA|VA) 1 $165,000 $165,000 $2,167 3.99%
BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 1 $145,000 $145,000 $2,696 4.38%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 1 $125,000 $125,000 $3,293 3.75%
FORT WAYNE, IN (FHA|USDA|VA) 1 $125,000 $125,000 $2,420 4.50%
DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA) 1 $75,000 $75,000 $2,079 4.75%
Allied First Banksb's top markets include Chicago, San Francisco, Washington, Lakeland, and Denver among others.

Their top states include:
  • Illinois (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • California (FHA|USDA|VA)
  • Virginia (FHA|USDA|VA)
  • New York (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.

    Liberty Bank for Savings
    Similarity Rank: 85
    POINT BREEZE
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    EDUCATORS CREDIT UNION
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    FIRST FINANCIAL OF MARYLAND
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    UNITED
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    Southern Lkaes Credit Union
    Similarity Rank: 513
    APL
    Similarity Rank: 605
    NEAL COMMUNITIES FUNDING, LLC
    Similarity Rank: 616

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 213 $57,085,000 $268,005 $3,970 4.13%
    FHA 50 $11,420,000 $228,400 $7,445 3.86%
    VA 23 $5,535,000 $240,652 $4,681 3.89%
    USDA 1 $215,000 $215,000 $5,617 4.25%

    For 2019, Allied First Banksb's most frequently originated type of loan was Conventional, with 213 originations. Their 2nd most popular type was FHA, with 50 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 132 $32,020,000 $242,576 $5,941 4.29%
    Refi 104 $28,380,000 $272,885 $3,433 3.75%
    Cash Out Refi 51 $13,855,000 $271,667 $3,791 4.13%

    For 2019, Allied First Banksb's most frequently cited loan purpose was Home Purchase, with 132 originations. The 2nd most popular reason was Refi, with 104 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 251 $65,365,000 $260,418 $4,907 4.15%
    15 Year 20 $4,560,000 $228,000 $3,032 3.56%
    20 Year 10 $2,640,000 $264,000 $2,463 3.49%
    Other 4 $1,180,000 $295,000 $2,288 3.69%
    10 Year 2 $510,000 $255,000 $4,248 2.88%

    For 2019, Allied First Banksb's most frequently cited loan duration was 30 Year, with 251 originations. The 2nd most popular length was 15 Year, with 20 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 235 $60,245,000 $256,362
    $<1k 26 $6,480,000 $249,231
    $5k+ 13 $4,345,000 $334,231
    $3k-4k 4 $870,000 $217,500
    $2k-3k 3 $875,000 $291,667
    $4k-5k 1 $135,000 $135,000

    Allied First Banksb's average total fees were $4,907, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 235 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 173 $47,195,000 $272,803
    4-5% 90 $21,050,000 $233,889
    2.5-3% 8 $2,250,000 $281,250
    5-6% 8 $2,240,000 $280,000
    6-7% 6 $1,130,000 $188,333
    7-8% 2 $390,000 $195,000

    During 2019, Allied First Banksb's average interest rate for loans was 4.15%, while their most frequently originated rate bucket for loans was 3-4%, with 173 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 158 $43,300,000 $274,051 $4,842 4.02%
    $100k-200k 84 $13,290,000 $158,214 $4,375 4.16%
    $400k-600k 32 $14,320,000 $447,500 $4,243 3.84%
    $100,000 or less 10 $800,000 $80,000 $2,702 4.51%
    $600k-1MM 3 $2,545,000 $848,333 $12,415 4.92%

    2019 saw Allied First Banksb place emphasis on $200k-400k loans with 158 originations, totaling $43,300,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 69 $18,765,000 $271,957 $4,182 3.97%
    $50k-75k 60 $13,300,000 $221,667 $4,893 4.19%
    $75k-100k 55 $12,175,000 $221,364 $5,036 4.08%
    $150k-250k 46 $15,290,000 $332,391 $4,110 4.04%
    $50k or less 39 $7,785,000 $199,615 $4,955 4.06%
    $250k+ 16 $6,540,000 $408,750 $5,327 4.11%

    Allied First Banksb lent most frequently to those with incomes in the $100k-150k range, with 69 originations. The second most popular income band? $50k-75k, with 60 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 60 $16,010,000 $266,833 $4,135 4.09%
    30-36% 58 $13,580,000 $234,138 $4,440 4.18%
    44% 17 $4,105,000 $241,471 $4,308 4.34%
    <20% 16 $4,060,000 $253,750 $3,581 3.91%
    38% 14 $3,990,000 $285,000 $4,097 3.87%
    39% 14 $4,000,000 $285,714 $4,200 4.04%
    36% 13 $4,055,000 $311,923 $3,875 3.89%
    50-60% 12 $3,200,000 $266,667 $7,315 4.01%
    40% 10 $2,400,000 $240,000 $5,338 4.09%
    41% 10 $2,520,000 $252,000 $4,959 3.93%
    37% 9 $2,915,000 $323,889 $7,189 4.49%
    42% 8 $2,450,000 $306,250 $4,824 4.16%
    49% 7 $1,865,000 $266,429 $4,953 3.93%
    43% 7 $1,505,000 $215,000 $3,879 4.25%
    45% 6 $1,270,000 $211,667 $5,881 3.90%
    48% 4 $1,070,000 $267,500 $3,063 3.75%
    46% 4 $970,000 $242,500 $8,124 4.47%
    47% 3 $625,000 $208,333 $5,707 4.13%
    >60% 1 $205,000 $205,000 $8,242 3.99%

    Allied First Banksb lent most frequently to those with DTI ratios of 20-30%, with 60 originations. The next most common DTI ratio? 30-36%, with 58 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 250 $64,240,000 $256,960 $4,598 4.09%
    Not provided 21 $6,135,000 $292,143 $4,996 4.01%
    Black 11 $2,565,000 $233,182 $4,980 3.90%
    Asian 4 $1,040,000 $260,000 $5,235 3.72%
    Asian Indian 1 $275,000 $275,000 $3,524 3.38%

    Approval Rates

    Total approvals of all applications
    96.96%

    Allied First Banksb has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    77.35%

    Allied First Banksb has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 287 $74,255,000 $258,728

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 287 $74,255,000 $258,728

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 7 $1,215,000 $173,571 $3,187 3.62%
    40-60% 13 $4,315,000 $331,923 $2,712 3.69%
    60-80% 107 $28,565,000 $266,963 $3,651 4.14%
    80-100% 157 $39,325,000 $250,478 $5,534 4.07%
    Over 100% 2 $570,000 $285,000 $7,171 3.94%
    Under 20% 1 $265,000 $265,000 $4,294 3.13%

    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 $80,885

    For 2019, Allied First Banksb had 1 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $3,582
    Net interest income $2,823
    Total noninterest income $62,186
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $75
    Trading account gains and fees $0
    Additional Noninterest Income $62,111
    Pre-tax net operating income $4,444
    Securities gains (or losses, -) $58
    Income before extraordinary items $3,242
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $3,242
    Minority interest net income $0
    Net income $3,242
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $3,196

    Allied First Banksb's gross interest income from loans was $3,582,000.
    Allied First Banksb's net interest income from loans was $2,823,000.
    Allied First Banksb's fee based income from loans was $75,000.
    Allied First Banksb's net income from loans was $3,242,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $759
    Provision for credit losses $0
    Total noninterest expense $60,565
    Salaries and employee benefits $41,436
    Premises and equipment expense $1,222
    Additional noninterest expense $17,907
    Applicable income taxes $1,260
    Net charge-offs $-8
    Cash dividends $0

    Allied First Banksb's interest expense for loans was $759,000.
    Allied First Banksb's payroll and benefits expense were $41,436,000.
    Allied First Banksb's property, plant and equipment expenses $1,222,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 0.0%
    Real Estate loans 0.0%
    Construction & Land Development loans 0.0%
    Nonfarm, nonresidential loans 0.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 0.0%
    HELOC loans 0.0%
    All other family 0.0%
    Commercial & industrial loans 0.0%
    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 $96,029
    Deposits held in domestic offices $96,029
    Deposits by Individuals, partnerships, and corporations $77,471
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $3,675
    Deposits by Commercial banks and other depository institutions in U.S. $14,883
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $38,991
    Demand deposits $31,288
    Nontransaction accounts $57,038
    Money market deposit accounts (MMDAs) $24,063
    Other savings deposits (excluding MMDAs) $13,693
    Total time deposits $19,283
    Total time and savings deposits $64,741
    Noninterest-bearing deposits $31,723
    Interest-bearing deposits $64,307
    Retail deposits $87,322
    IRAs and Keogh plan accounts $2,561
    Brokered deposits $7,188
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $109,679
    Cash & Balances due from depository institutions $25,999
    Interest-bearing balances $21,623
    Total securities $7,904
    Federal funds sold & reverse repurchase $0
    Net loans and leases $65,717
    Loan and leases loss allowance $680
    Trading account assets $0
    Bank premises and fixed assets $7,737
    Other real estate owned $75
    Goodwill and other intangibles $0
    All other assets $2,247

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $109,679
    Total Liabilities $96,620
    Total deposits $96,029
    Interest-bearing deposits $64,307
    Deposits held in domestic offices $96,029
    % insured (estimated) $88
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $591

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $65,717
    Loan and leases loss allowance $680
    Total loans and leases (domestic) $66,397
    All real estate loans $61,373
    Real estate loans in domestic offices $61,373
    Construction and development loans $919
    Residential 1-4 family construction $919
    Other construction, all land development and other land $0
    Loans secured by nonfarm nonresidential properties $6,090
    Nonfarm nonresidential secured by owner-occupied properties $0
    Commercial real estate & other non-farm, non-residential $6,090
    Multifamily residential real estate $0
    1-4 family residential loans $54,364
    Farmland loans $0
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $4,285
    To non-U.S. addressees $0
    Loans to individuals $741
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $78
    Other loans to individuals $663
    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 $2,505
    Non 1-4 family restructured loans & leases $1,072
    Total loans and leases (foreign) $0

    Allied First Banksb had $65,717,000 of loans outstanding in 2019. $61,373,000 of loans were in real estate loans. $919,000 of loans were in development loans. $0 of loans were in multifamily mortgage loans. $54,364,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $78,000 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 23 $6,090 $264,783
    Nonfarm, nonresidential loans - <$100k 2 $84 $42,000
    Nonfarm, nonresidential loans - $100-250k 13 $1,530 $117,692
    Nonfarm, nonresidential loans - $250k-1MM 8 $4,476 $559,500
    Commercial & Industrial, US addressed loans - <$1MM 38 $4,285 $112,763
    Commercial & Industrial, US addressed loans - <$100k 14 $132 $9,429
    Commercial & Industrial, US addressed loans - $100-250k 13 $1,377 $105,923
    Commercial & Industrial, US addressed loans - $250k-1MM 11 $2,776 $252,364