The Bank Of Herrin Mortgage Rates, Fees & Info
Herrin, ILLEI: 549300XYHH9IPC6FQW89
Tax ID: 37-0207950
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
The Bank Of Herrin is a smaller bank specializing in Home Purchase and Refi loans. The Bank Of Herrin has a high proportion of conventional loans. Their top markets by origination volume include: Carbondale, St. Louis, Naples, Cape Coral, and Paducah among others. We have data for 7 markets. (Some data included below & more in-depth data is available with an active subscription.)The Bank Of Herrin has an average approval rate when compared to the average across all lenders. They have an average pick rate when compared to similar lenders.
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Originations
99Origination Dollar Volume (All Markets)
$16,125,000Top 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 |
|---|---|---|---|---|---|
| CARBONDALE-MARION, IL (FHA|USDA|VA) | 81 | $13,235,000 | $163,395 | $0 | 0.00% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 5 | $1,145,000 | $229,000 | $0 | 0.00% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 1 | $825,000 | $825,000 | $0 | 0.00% |
| Outside of Metro Areas | 9 | $505,000 | $56,111 | $0 | 0.00% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 0.00% |
| Paducah, KY-IL (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 0.00% |
| Mount Vernon, IL (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 99 | $16,125,000 | $162,879 | $0 | 0.00% |
For 2018, The Bank Of Herrin's most frequently originated type of loan was Conventional, with 99 originations.
Loan Reason
For 2018, The Bank Of Herrin's most frequently cited loan purpose was Home Purchase, with 52 originations. The 2nd most popular reason was Refi, with 32 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 99 | $16,125,000 | $162,879 | $0 | 0.00% |
For 2018, The Bank Of Herrin's most frequently cited loan duration was Other, with 99 originations.
Loan Sizing
2018 saw The Bank Of Herrin place emphasis on $100,000 or less loans with 53 originations, totaling $2,535,000 in origination value.
Applicant Income
The Bank Of Herrin lent most frequently to those with incomes in the $50k-75k range, with 20 originations. The second most popular income band? $75k-100k, with 15 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 99 | $16,125,000 | $162,879 | $0 | 0.00% |
The Bank Of Herrin lent most frequently to those with DTI ratios of Exempt%, with 99 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 84 | $12,260,000 | $145,952 | $0 | 0.00% |
| Not applicable | 15 | $3,865,000 | $257,667 | $0 | 0.00% |
Approval Rates
Total approvals of all applications78.20%
The Bank Of Herrin has a below average approval rate.
Pick Rate
Approvals leading to origination94.95%
The Bank Of Herrin has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 99 | $16,125,000 | $162,879 |
Occupancy Type Mix
Complaints
| Bank Name | Product | Issue | 2018 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| TD BANK US HOLDING COMPANY | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 10 | 9.8% |
| TD BANK US HOLDING COMPANY | Conventional home mortgage | Closing on a mortgage | 4 | 3.9% |
| TD BANK US HOLDING COMPANY | Conventional home mortgage | Incorrect information on your report | 1 | 1.0% |
| TD BANK US HOLDING COMPANY | Conventional home mortgage | Struggling to pay mortgage | 6 | 5.9% |
| TD BANK US HOLDING COMPANY | Conventional home mortgage | Trouble during payment process | 30 | 29.4% |
| TD BANK US HOLDING COMPANY | FHA mortgage | Incorrect information on your report | 1 | 1.0% |
| TD BANK US HOLDING COMPANY | FHA mortgage | Struggling to pay mortgage | 4 | 3.9% |
| TD BANK US HOLDING COMPANY | FHA mortgage | Trouble during payment process | 1 | 1.0% |
| TD BANK US HOLDING COMPANY | Home equity loan or line of credit (HELOC) | Applying for a mortgage or refinancing an existing mortgage | 8 | 7.8% |
| TD BANK US HOLDING COMPANY | Home equity loan or line of credit (HELOC) | Closing on a mortgage | 3 | 2.9% |
| TD BANK US HOLDING COMPANY | Home equity loan or line of credit (HELOC) | Incorrect information on your report | 1 | 1.0% |
| TD BANK US HOLDING COMPANY | Home equity loan or line of credit (HELOC) | Problem with a credit reporting company's investigation into an existing problem | 1 | 1.0% |
| TD BANK US HOLDING COMPANY | Home equity loan or line of credit (HELOC) | Struggling to pay mortgage | 3 | 2.9% |
| TD BANK US HOLDING COMPANY | Home equity loan or line of credit (HELOC) | Trouble during payment process | 14 | 13.7% |
| TD BANK US HOLDING COMPANY | Other type of mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 1.0% |
| TD BANK US HOLDING COMPANY | Other type of mortgage | Closing on a mortgage | 3 | 2.9% |
| TD BANK US HOLDING COMPANY | Other type of mortgage | Struggling to pay mortgage | 4 | 3.9% |
| TD BANK US HOLDING COMPANY | Other type of mortgage | Trouble during payment process | 7 | 6.9% |