Bank Of O'fallon Mortgage Rates, Fees & Info

O'Fallon, IL

LEI: 549300ZJ52ZRS3Q0S589

Tax ID: 37-0795749

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

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, Carbondale, and Cape Coral among others. We have data for 4 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.

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Originations

139

Origination Dollar Volume (All Markets)

$30,055,000

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)	126	$27,100,000	$215,079	$0	0.00%
Outside of Metro Areas	7	$1,555,000	$222,143	$0	0.00%
CARBONDALE-MARION, IL (FHA\|USDA\|VA)	5	$985,000	$197,000	$0	0.00%
CAPE CORAL-FORT MYERS, FL (FHA\|USDA\|VA)	1	$415,000	$415,000	$0	0.00%

Bank Of O'fallon's top markets include St. Louis, Carbondale, and Cape Coral among others.

Their top states include:

Illinois (FHA|USDA|VA)

Missouri (FHA|USDA|VA)

Georgia (FHA|USDA|VA)

Florida (FHA|USDA|VA)

Arkansas (FHA|USDA|VA)

Product Mix

Loan Type	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Conventional	139	$30,055,000	$216,223	$0	0.00%

For 2022, Bank Of O'fallon's most frequently originated type of loan was Conventional, with 139 originations.

Loan Reason

Loan Reason	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Home Purchase	92	$20,230,000	$219,891	$0	0.00%
Cash Out Refi	21	$4,835,000	$230,238	$0	0.00%
Home Improvement	9	$1,215,000	$135,000	$0	0.00%
Refi	9	$2,785,000	$309,444	$0	0.00%
Other	8	$990,000	$123,750	$0	0.00%

For 2022, Bank Of O'fallon's most frequently cited loan purpose was Home Purchase, with 92 originations. The 2nd most popular reason was Cash Out Refi, with 21 originations.

Loan Duration/Length

Loan Length	Originations	Total Value	Average Loan	Average Fees	Average Rate
Other	139	$30,055,000	$216,223	$0	0.00%

For 2022, Bank Of O'fallon's most frequently cited loan duration was Other, with 139 originations.

Loan Sizing

Loan Size	Originations	Total Value	Average Loan	Average Fees	Average Rate
$100k-200k	54	$7,750,000	$143,519	$0	0.00%
$100,000 or less	36	$2,810,000	$78,056	$0	0.00%
$200k-400k	33	$8,805,000	$266,818	$0	0.00%
$400k-600k	7	$3,125,000	$446,429	$0	0.00%
$600k-1MM	6	$4,100,000	$683,333	$0	0.00%
$1MM+	3	$3,465,000	$1,155,000	$0	0.00%

2022 saw Bank Of O'fallon place emphasis on $100k-200k loans with 54 originations, totaling $7,750,000 in origination value.

Applicant Income

Applicant Income	Originations	Total Value	Average Loan	Average Fees	Average Rate
$150k-250k	29	$8,555,000	$295,000	$0	0.00%
$100k-150k	27	$4,695,000	$173,889	$0	0.00%
$50k-75k	18	$2,480,000	$137,778	$0	0.00%
$75k-100k	18	$3,450,000	$191,667	$0	0.00%
$50k or less	16	$1,620,000	$101,250	$0	0.00%
$250k+	9	$3,975,000	$441,667	$0	0.00%

Bank Of O'fallon lent most frequently to those with incomes in the $150k-250k range, with 29 originations. The second most popular income band? $100k-150k, with 27 originations.

Applicant Debt to Income Ratio

DTI Ratio	Originations	Total Value	Average Loan	Average Fees	Average Rate
Exempt%	139	$30,055,000	$216,223	$0	0.00%

Bank Of O'fallon lent most frequently to those with DTI ratios of Exempt%, with 139 originations.

Ethnicity Mix

Applicant Ethnicity	Originations	Total Value	Average Loan	Average Fees	Average Rate
White	101	$20,845,000	$206,386	$0	0.00%
Not applicable	22	$5,280,000	$240,000	$0	0.00%
Not provided	11	$2,825,000	$256,818	$0	0.00%
Black	3	$765,000	$255,000	$0	0.00%
Korean	1	$275,000	$275,000	$0	0.00%
Asian	1	$65,000	$65,000	$0	0.00%

Approval Rates

Total approvals of all applications
100.00%

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
92.09%

Bank Of O'fallon has an average pick rate.

Points and Fees

Points	Originations	Total Value	Average Loan
Exempt	139	$30,055,000	$216,223

Occupancy Type Mix

Dwelling Type	Originations	Total Value	Average Loan
	139	$30,055,000	$216,223

Complaints

Bank Name	Product	Issue	2022 CPFB Complaints	% of Total Issues
BANK OF NEW YORK MELLON CORPORATION, THE	Reverse mortgage	Struggling to pay mortgage	1	100.0%