Central Bank Illinois Mortgage Rates, Fees & Info
Geneseo, ILLEI: 549300ZM3TKJVUYB3676
Tax ID: 36-0886040
Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Central Bank Illinois is a smaller bank specializing in Home Purchase and Refi loans. Central Bank Illinois has a high proportion of conventional loans. Their top markets by origination volume include: Ottawa, Chicago, Rochelle, Rockford, and Sterling among others. We have data for 19 markets. (Some data included below & more in-depth data is available with an active subscription.)Central Bank Illinois 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.
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.
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Originations
306Origination Dollar Volume (All Markets)
$60,910,000Top 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 |
|---|---|---|---|---|---|
| Ottawa, IL (FHA|USDA|VA) | 118 | $16,910,000 | $143,305 | $0 | 0.00% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 15 | $8,365,000 | $557,667 | $0 | 0.00% |
| Rochelle, IL (FHA|USDA|VA) | 52 | $8,240,000 | $158,462 | $0 | 0.00% |
| ROCKFORD, IL (FHA|USDA|VA) | 8 | $7,370,000 | $921,250 | $0 | 0.00% |
| Sterling, IL (FHA|USDA|VA) | 37 | $4,725,000 | $127,703 | $0 | 0.00% |
| DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA) | 35 | $4,665,000 | $133,286 | $0 | 0.00% |
| PEORIA, IL (FHA|USDA|VA) | 8 | $2,670,000 | $333,750 | $0 | 0.00% |
| Outside of Metro Areas | 9 | $1,815,000 | $201,667 | $0 | 0.00% |
| Dixon, IL (FHA|USDA|VA) | 8 | $1,550,000 | $193,750 | $0 | 0.00% |
| CEDAR RAPIDS, IA (FHA|USDA|VA) | 1 | $975,000 | $975,000 | $0 | 0.00% |
| KAHULUI-WAILUKU-LAHAINA, HI (FHA|USDA|VA) | 1 | $685,000 | $685,000 | $0 | 0.00% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 2 | $590,000 | $295,000 | $0 | 0.00% |
| Clinton, IA (FHA|USDA|VA) | 6 | $590,000 | $98,333 | $0 | 0.00% |
| MADISON, WI (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $0 | 0.00% |
| MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $0 | 0.00% |
| BLOOMINGTON, IL (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $0 | 0.00% |
| TULSA, OK (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $0 | 0.00% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 0.00% |
| WINCHESTER, VA-WV (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 0.00% |
Similar Lenders
We use machine learning to identify the top lenders compared against Central Bank Illinois based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
Similarity Rank: 36
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Similarity Rank: 300
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 306 | $60,910,000 | $199,052 | $0 | 0.00% |
For 2024, Central Bank Illinois's most frequently originated type of loan was Conventional, with 306 originations.
Loan Reason
For 2024, Central Bank Illinois's most frequently cited loan purpose was Home Purchase, with 186 originations. The 2nd most popular reason was Refi, with 74 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 306 | $60,910,000 | $199,052 | $0 | 0.00% |
For 2024, Central Bank Illinois's most frequently cited loan duration was Other, with 306 originations.
Loan Sizing
2024 saw Central Bank Illinois place emphasis on $100,000 or less loans with 141 originations, totaling $8,215,000 in origination value.
Applicant Income
Central Bank Illinois lent most frequently to those with incomes in the $50k-75k range, with 57 originations. The second most popular income band? $100k-150k, with 55 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 306 | $60,910,000 | $199,052 | $0 | 0.00% |
Central Bank Illinois lent most frequently to those with DTI ratios of Exempt%, with 306 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications96.17%
Central Bank Illinois has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination84.97%
Central Bank Illinois has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 306 | $60,910,000 | $199,052 |