Bank Of O'fallon Mortgage Rates, Fees & Info

O'Fallon, IL

LEI: 549300ZJ52ZRS3Q0S589

Tax ID: 37-0795749

Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Jump to:

Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Bank Of O'fallon is a smaller bank specializing in Home Purchase loans. Bank Of O'fallon has a high proportion of conventional loans. Their top markets by origination volume include: St. Louis, Chicago, Carbondale, Cape Coral, and Orlando among others. We have data for 6 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Bank Of O'fallon has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders.

    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.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.


    Originations

    117

    Origination Dollar Volume (All Markets)

    $26,785,000

    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
    ST. LOUIS, MO-IL (FHA|USDA|VA) 111 $23,765,000 $214,099 $0 0.00%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 1 $935,000 $935,000 $0 0.00%
    CARBONDALE-MARION, IL (FHA|USDA|VA) 2 $790,000 $395,000 $0 0.00%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 1 $765,000 $765,000 $0 0.00%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 1 $345,000 $345,000 $0 0.00%
    KANSAS CITY, MO-KS (FHA|USDA|VA) 1 $185,000 $185,000 $0 0.00%
    Bank Of O'fallon's top markets include St. Louis, Chicago, Carbondale, Cape Coral, and Orlando among others.

    Their top states include:
  • Illinois (FHA|USDA|VA)
  • Missouri (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 117 $26,785,000 $228,932 $0 0.00%

    For 2024, Bank Of O'fallon's most frequently originated type of loan was Conventional, with 117 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 84 $21,740,000 $258,810 $0 0.00%
    Cash Out Refi 20 $4,220,000 $211,000 $0 0.00%
    Other 7 $515,000 $73,571 $0 0.00%
    Home Improvement 4 $240,000 $60,000 $0 0.00%
    Refi 2 $70,000 $35,000 $0 0.00%

    For 2024, Bank Of O'fallon's most frequently cited loan purpose was Home Purchase, with 84 originations. The 2nd most popular reason was Cash Out Refi, with 20 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 117 $26,785,000 $228,932 $0 0.00%

    For 2024, Bank Of O'fallon's most frequently cited loan duration was Other, with 117 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 43 $6,345,000 $147,558 $0 0.00%
    $100,000 or less 32 $2,030,000 $63,438 $0 0.00%
    $200k-400k 26 $7,030,000 $270,385 $0 0.00%
    $400k-600k 7 $3,315,000 $473,571 $0 0.00%
    $600k-1MM 7 $5,895,000 $842,143 $0 0.00%
    $1MM+ 2 $2,170,000 $1,085,000 $0 0.00%

    2024 saw Bank Of O'fallon place emphasis on $100k-200k loans with 43 originations, totaling $6,345,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $75k-100k 16 $2,370,000 $148,125 $0 0.00%
    $100k-150k 15 $2,915,000 $194,333 $0 0.00%
    $50k-75k 15 $1,965,000 $131,000 $0 0.00%
    $150k-250k 13 $4,225,000 $325,000 $0 0.00%
    $250k+ 11 $5,205,000 $473,182 $0 0.00%
    $50k or less 10 $1,000,000 $100,000 $0 0.00%

    Bank Of O'fallon lent most frequently to those with incomes in the $75k-100k range, with 16 originations. The second most popular income band? $100k-150k, with 15 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 117 $26,785,000 $228,932 $0 0.00%

    Bank Of O'fallon lent most frequently to those with DTI ratios of Exempt%, with 117 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 72 $16,240,000 $225,556 $0 0.00%
    Not applicable 37 $9,105,000 $246,081 $0 0.00%
    Black 5 $775,000 $155,000 $0 0.00%
    Not provided 3 $665,000 $221,667 $0 0.00%

    Approval Rates

    Total approvals of all applications
    98.45%

    Bank Of O'fallon 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
    91.45%

    Bank Of O'fallon has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 117 $26,785,000 $228,932

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    117 $26,785,000 $228,932