The First National Bank Of Raymond Mortgage Rates, Fees & Info
Raymond, ILLEI: 549300ZK7EAZ7CRGCU94
Tax ID: 37-0274800
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Mortgage Data
Review & Overview
The First National Bank Of Raymond is a smaller bank specializing in Refi, Cash Out Refi, and Home Purchase loans. The First National Bank Of Raymond has a high proportion of conventional loans. Their top markets by origination volume include: St. Louis, Springfield, Taylorville, Pittsburgh, and Chicago among others. We have data for 9 markets. (Some data included below & more in-depth data is available with an active subscription.)The First National Bank Of Raymond 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. The First National Bank Of Raymond is typically a low 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.
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Originations
58Origination Dollar Volume (All Markets)
$5,830,000Awards
The First National Bank of Raymond - 2019
The First National Bank of Raymond is a 2019 , due to their low .
For 2019, less than of lenders were eligible for this award.
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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 |
|---|---|---|---|---|---|
| Outside of Metro Areas | 21 | $1,445,000 | $68,810 | $711 | 5.10% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 15 | $1,155,000 | $77,000 | $897 | 4.73% |
| SPRINGFIELD, IL (FHA|USDA|VA) | 7 | $1,045,000 | $149,286 | $853 | 5.47% |
| Taylorville, IL (FHA|USDA|VA) | 10 | $660,000 | $66,000 | $621 | 4.89% |
| PITTSBURGH, PA (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $3,342 | 3.63% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $5,414 | 3.75% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $3,142 | 3.88% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $2,342 | 4.25% |
| OWENSBORO, KY (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $2,048 | 3.50% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 58 | $5,830,000 | $100,517 | $1,032 | 4.90% |
For 2019, The First National Bank Of Raymond's most frequently originated type of loan was Conventional, with 58 originations.
Loan Reason
For 2019, The First National Bank Of Raymond's most frequently cited loan purpose was Refi, with 21 originations. The 2nd most popular reason was Cash Out Refi, with 17 originations.
Loan Duration/Length
For 2019, The First National Bank Of Raymond's most frequently cited loan duration was Other, with 21 originations. The 2nd most popular length was 30 Year, with 14 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 48 | $5,040,000 | $105,000 |
The First National Bank Of Raymond's average total fees were $1,633, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 48 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 20 | $820,000 | $41,000 |
| 3-4% | 19 | $2,935,000 | $154,474 |
| 4-5% | 9 | $1,285,000 | $142,778 |
| 5-6% | 9 | $715,000 | $79,444 |
| 2.5-3% | 1 | $75,000 | $75,000 |
During 2019, The First National Bank Of Raymond's average interest rate for loans was 4.05%, while their most frequently originated rate bucket for loans was 6-7%, with 20 originations.
Loan Sizing
2019 saw The First National Bank Of Raymond place emphasis on $100,000 or less loans with 38 originations, totaling $1,540,000 in origination value.
Applicant Income
The First National Bank Of Raymond lent most frequently to those with incomes in the $50k or less range, with 16 originations. The second most popular income band? $100k-150k, with 13 originations.
Applicant Debt to Income Ratio
The First National Bank Of Raymond lent most frequently to those with DTI ratios of 20-30%, with 10 originations. The next most common DTI ratio? 30-36%, with 9 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 57 | $5,695,000 | $99,912 | $1,032 | 4.89% |
| Not applicable | 1 | $135,000 | $135,000 | $0 | 5.25% |
Approval Rates
Total approvals of all applications100.00%
The First National Bank Of Raymond has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination91.38%
The First National Bank Of Raymond has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 58 | $5,830,000 | $100,517 |