Barrington Bank & Trust

Rosemont, IL 60018

LEI: C398JSK21YCXWM603F55

Tax ID: 36-4108515

2019 Data | 2018 Data


Overview

Barrington Bank & Trust is a small mortgage company specializing in Home Purchase and Refi loans. Barrington Bank & Trust has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets include Chicago, Los Angeles, Minneapolis, Lake County, and Madison among others. They have an above average approval rate for mortages when compared nationally -- and they have a below average pick rate when compared to the same sample of other lendors. Barrington Bank & Trust is typically a normal fee medium-low fee lendor.


Originations

17,302

Origination Dollar Volume (All Markets)

$4,150,450,000

Product Mix

Loan Type Originations Total Value Average Loan
Conventional 7,818 $2,259,440,000 $289,005
FHA 1,757 $354,795,000 $201,932
VA 7,577 $1,512,495,000 $199,617
USDA 150 $23,720,000 $158,133

Conventional loans are assumed to be 20% downpayment and either fixed/adjustable rate. FHA loans start at 3.5% downpayment and are targeted towards first time homebuyers who will be owner-occupants. USDA loans target agrarian uses such as farms. VA loans are available to members of the military. FHA, USDA and VA loans are typically subsidized by the government so as to have more favorable terms for the borrower.

Loan Reason

Loan Reason Originations Total Value Average Loan
Home Purchase 9,169 $2,190,655,000 $238,920
Home Improvement 47 $5,955,000 $126,702
Other 156 $32,930,000 $211,090
Refi 6,134 $1,501,370,000 $244,762
Cash Out Refi 1,796 $419,540,000 $233,597

Home purchase and refinance loans are typically offered by even the most prudent banks. Cash out refi loans typically carry higher fees-- they allow homeowners to get loans against the equity (appreciated value) of their home, but can be used irresponsibly. Lendors with a high ratio of cash out refi loans may be exposed in the event of an economic downturn, and may be more aggressive with their fee schedules.

Top Markets

Market Originations Total Value Average Loan
CHICAGO-NAPERVILLE-EVANSTON, IL 4,040 $1,002,040,000 $248,030
Outside of Metro Areas 2,662 $437,410,000 $164,316
LOS ANGELES-LONG BEACH-GLENDALE, CA 732 $400,050,000 $546,516
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI 848 $226,130,000 $266,663
LAKE COUNTY-KENOSHA COUNTY, IL-WI 564 $145,240,000 $257,518
MADISON, WI 438 $123,250,000 $281,393
ELGIN, IL 348 $79,380,000 $228,103
PHOENIX-MESA-CHANDLER, AZ 276 $75,670,000 $274,167
OXNARD-THOUSAND OAKS-VENTURA, CA 103 $54,575,000 $529,854
MILWAUKEE-WAUKESHA, WI 194 $51,010,000 $262,938
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA 203 $45,095,000 $222,143
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA 128 $40,180,000 $313,906
LAS VEGAS-HENDERSON-PARADISE, NV 119 $32,605,000 $273,992
GARY, IN 165 $31,315,000 $189,788
ROCHESTER, MN 148 $30,480,000 $205,946
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV 83 $30,215,000 $364,036
HOUSTON-THE WOODLANDS-SUGAR LAND, TX 122 $27,790,000 $227,787
DENVER-AURORA-LAKEWOOD, CO 64 $25,790,000 $402,969
ANAHEIM-SANTA ANA-IRVINE, CA 42 $25,600,000 $609,524
SAN DIEGO-CHULA VISTA-CARLSBAD, CA 47 $25,195,000 $536,064
TAMPA-ST. PETERSBURG-CLEARWATER, FL 114 $23,220,000 $203,684
DALLAS-PLANO-IRVING, TX 77 $18,165,000 $235,909
GRAND FORKS, ND-MN 95 $17,405,000 $183,211
ST. LOUIS, MO-IL 100 $17,310,000 $173,100
ROCKFORD, IL 126 $16,520,000 $131,111
CHARLOTTE-CONCORD-GASTONIA, NC-SC 85 $16,475,000 $193,824
NEW YORK-JERSEY CITY-WHITE PLAINS, NY-NJ 34 $16,070,000 $472,647
SEATTLE-BELLEVUE-KENT, WA 35 $15,975,000 $456,429
BLOOMINGTON, IL 81 $15,125,000 $186,728
INDIANAPOLIS-CARMEL-ANDERSON, IN 84 $14,840,000 $176,667
ORLANDO-KISSIMMEE-SANFORD, FL 63 $14,515,000 $230,397
DES MOINES-WEST DES MOINES, IA 72 $14,480,000 $201,111
SALT LAKE CITY, UT 48 $14,140,000 $294,583
OAKLAND-BERKELEY-LIVERMORE, CA 26 $13,770,000 $529,615
SACRAMENTO-ROSEVILLE-FOLSOM, CA 38 $13,130,000 $345,526
JACKSONVILLE, FL 62 $12,970,000 $209,194
NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN 47 $12,065,000 $256,702
FORT WORTH-ARLINGTON-GRAPEVINE, TX 51 $11,895,000 $233,235
FORT LAUDERDALE-POMPANO BEACH-SUNRISE, FL 38 $11,730,000 $308,684
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC 49 $11,075,000 $226,020
CAMBRIDGE-NEWTON-FRAMINGHAM, MA 27 $11,025,000 $408,333
NEW BRUNSWICK-LAKEWOOD, NJ 34 $11,000,000 $323,529
BOSTON, MA 27 $10,805,000 $400,185
KANSAS CITY, MO-KS 61 $10,475,000 $171,721
NORTH PORT-SARASOTA-BRADENTON, FL 42 $10,340,000 $246,190
SAN ANTONIO-NEW BRAUNFELS, TX 49 $9,955,000 $203,163
PORTLAND-VANCOUVER-HILLSBORO, OR-WA 28 $9,850,000 $351,786
WARREN-TROY-FARMINGTON HILLS, MI 43 $9,545,000 $221,977
AUSTIN-ROUND ROCK-GEORGETOWN, TX 28 $9,200,000 $328,571
NEWARK, NJ-PA 23 $9,135,000 $397,174
MEMPHIS, TN-MS-AR 54 $9,030,000 $167,222
SANTA MARIA-SANTA BARBARA, CA 15 $8,855,000 $590,333
CHARLOTTESVILLE, VA 31 $8,845,000 $285,323
CINCINNATI, OH-KY-IN 58 $8,810,000 $151,897
CAPE CORAL-FORT MYERS, FL 32 $8,720,000 $272,500
PITTSBURGH, PA 60 $8,650,000 $144,167
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL 27 $8,475,000 $313,889
COLUMBIA, SC 43 $8,445,000 $196,395
BALTIMORE-COLUMBIA-TOWSON, MD 37 $8,405,000 $227,162
SAN JOSE-SUNNYVALE-SANTA CLARA, CA 7 $8,275,000 $1,182,143
RICHMOND, VA 42 $8,270,000 $196,905
NASSAU COUNTY-SUFFOLK COUNTY, NY 20 $8,170,000 $408,500
FAYETTEVILLE, NC 51 $8,135,000 $159,510
PALM BAY-MELBOURNE-TITUSVILLE, FL 41 $7,885,000 $192,317
NAPLES-MARCO ISLAND, FL 16 $7,760,000 $485,000
OKLAHOMA CITY, OK 48 $7,410,000 $154,375
RENO, NV 27 $7,365,000 $272,778
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR 44 $7,330,000 $166,591
NEW ORLEANS-METAIRIE, LA 38 $7,090,000 $186,579
BIRMINGHAM-HOOVER, AL 39 $7,075,000 $181,410
MIAMI-MIAMI BEACH-KENDALL, FL 24 $6,920,000 $288,333
LAKELAND-WINTER HAVEN, FL 37 $6,875,000 $185,811
COLORADO SPRINGS, CO 27 $6,695,000 $247,963
BOISE CITY, ID 25 $6,695,000 $267,800
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL 35 $6,635,000 $189,571
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL 25 $6,615,000 $264,600
CLEVELAND-ELYRIA, OH 38 $6,590,000 $173,421
TUCSON, AZ 38 $6,570,000 $172,895
TACOMA-LAKEWOOD, WA 20 $6,540,000 $327,000
FRESNO, CA 22 $6,270,000 $285,000
SPRINGFIELD, MO 38 $6,220,000 $163,684
CLARKSVILLE, TN-KY 32 $6,170,000 $192,813
RACINE, WI 36 $6,110,000 $169,722
LAKE HAVASU CITY-KINGMAN, AZ 38 $5,970,000 $157,105
CAMDEN, NJ 33 $5,955,000 $180,455
RALEIGH-CARY, NC 31 $5,885,000 $189,839
COLUMBUS, OH 40 $5,880,000 $147,000
COLUMBUS, GA-AL 33 $5,785,000 $175,303
AUGUSTA-RICHMOND COUNTY, GA-SC 30 $5,760,000 $192,000
URBAN HONOLULU, HI 11 $5,745,000 $522,273
DETROIT-DEARBORN-LIVONIA, MI 40 $5,680,000 $142,000
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC 35 $5,645,000 $161,286
PHILADELPHIA, PA 29 $5,495,000 $189,483
HUNTSVILLE, AL 26 $5,310,000 $204,231
SAVANNAH, GA 25 $5,305,000 $212,200
OGDEN-CLEARFIELD, UT 19 $5,155,000 $271,316
PENSACOLA-FERRY PASS-BRENT, FL 32 $5,150,000 $160,938
GREENSBORO-HIGH POINT, NC 28 $5,080,000 $181,429
CHARLESTON-NORTH CHARLESTON, SC 23 $5,035,000 $218,913
JANESVILLE-BELOIT, WI 25 $4,995,000 $199,800
OLYMPIA-LACEY-TUMWATER, WA 16 $4,970,000 $310,625
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA 8 $4,970,000 $621,250
FAYETTEVILLE-SPRINGDALE-ROGERS, AR 27 $4,745,000 $175,741
PORTLAND-SOUTH PORTLAND, ME 17 $4,735,000 $278,529
SALEM, OR 18 $4,680,000 $260,000
WORCESTER, MA-CT 17 $4,675,000 $275,000
OCALA, FL 30 $4,670,000 $155,667
HARTFORD-EAST HARTFORD-MIDDLETOWN, CT 21 $4,635,000 $220,714
DAVENPORT-MOLINE-ROCK ISLAND, IA-IL 35 $4,615,000 $131,857
DULUTH, MN-WI 23 $4,565,000 $198,478
CHATTANOOGA, TN-GA 27 $4,555,000 $168,704
PROVIDENCE-WARWICK, RI-MA 16 $4,500,000 $281,250
BAKERSFIELD, CA 21 $4,495,000 $214,048
GULFPORT-BILOXI, MS 30 $4,470,000 $149,000
NEW HAVEN-MILFORD, CT 23 $4,445,000 $193,261
KILLEEN-TEMPLE, TX 26 $4,420,000 $170,000
BUFFALO-CHEEKTOWAGA, NY 26 $4,300,000 $165,385
JACKSON, MS 23 $4,255,000 $185,000
DAYTON-KETTERING, OH 30 $4,210,000 $140,333
GREENVILLE-ANDERSON, SC 24 $4,150,000 $172,917
LOUISVILLE/JEFFERSON COUNTY, KY-IN 22 $4,150,000 $188,636
PRESCOTT VALLEY-PRESCOTT, AZ 16 $4,140,000 $258,750
KANKAKEE, IL 25 $4,105,000 $164,200
ALBUQUERQUE, NM 23 $3,935,000 $171,087
WARNER ROBINS, GA 20 $3,920,000 $196,000
KNOXVILLE, TN 22 $3,770,000 $171,364
WINSTON-SALEM, NC 22 $3,750,000 $170,455
BREMERTON-SILVERDALE-PORT ORCHARD, WA 11 $3,725,000 $338,636
SALISBURY, MD-DE 17 $3,665,000 $215,588
WICHITA, KS 27 $3,635,000 $134,630
JACKSONVILLE, NC 25 $3,625,000 $145,000
EAU CLAIRE, WI 18 $3,620,000 $201,111
MODESTO, CA 12 $3,600,000 $300,000
NILES, MI 16 $3,590,000 $224,375
PROVO-OREM, UT 10 $3,560,000 $356,000
FREDERICK-GAITHERSBURG-ROCKVILLE, MD 9 $3,555,000 $395,000
TULSA, OK 22 $3,550,000 $161,364
SPOKANE-SPOKANE VALLEY, WA 17 $3,505,000 $206,176
SYRACUSE, NY 27 $3,455,000 $127,963
MONTGOMERY, AL 23 $3,435,000 $149,348
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ 17 $3,355,000 $197,353
OMAHA-COUNCIL BLUFFS, NE-IA 21 $3,325,000 $158,333
ROCHESTER, NY 19 $3,315,000 $174,474
PANAMA CITY, FL 12 $3,070,000 $255,833
AKRON, OH 17 $3,015,000 $177,353
LANSING-EAST LANSING, MI 23 $3,015,000 $131,087
HOMOSASSA SPRINGS, FL 20 $2,980,000 $149,000
MONTGOMERY COUNTY-BUCKS COUNTY-CHESTER COUNTY, PA 11 $2,905,000 $264,091
DOVER, DE 13 $2,875,000 $221,154
ALBANY-SCHENECTADY-TROY, NY 16 $2,870,000 $179,375
HARRISBURG-CARLISLE, PA 24 $2,830,000 $117,917
MOBILE, AL 22 $2,800,000 $127,273
GRAND RAPIDS-KENTWOOD, MI 19 $2,785,000 $146,579
EL PASO, TX 18 $2,780,000 $154,444
ANCHORAGE, AK 12 $2,750,000 $229,167
GREELEY, CO 9 $2,695,000 $299,444
WILMINGTON, NC 9 $2,685,000 $298,333
DURHAM-CHAPEL HILL, NC 15 $2,685,000 $179,000
WILMINGTON, DE-MD-NJ 12 $2,680,000 $223,333
PORT ST. LUCIE, FL 13 $2,645,000 $203,462
POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY 10 $2,640,000 $264,000
BEND, OR 7 $2,615,000 $373,571
AUBURN-OPELIKA, AL 13 $2,595,000 $199,615
HUNTINGTON-ASHLAND, WV-KY-OH 15 $2,545,000 $169,667
PUEBLO, CO 13 $2,525,000 $194,231
STOCKTON, CA 7 $2,485,000 $355,000
BATON ROUGE, LA 17 $2,445,000 $143,824
SHREVEPORT-BOSSIER CITY, LA 14 $2,430,000 $173,571
ASHEVILLE, NC 10 $2,430,000 $243,000
VISALIA, CA 9 $2,425,000 $269,444
SPRINGFIELD, MA 10 $2,420,000 $242,000
TOLEDO, OH 18 $2,390,000 $132,778
SANTA CRUZ-WATSONVILLE, CA 4 $2,380,000 $595,000
YORK-HANOVER, PA 12 $2,310,000 $192,500
BARNSTABLE TOWN, MA 4 $2,310,000 $577,500
DAPHNE-FAIRHOPE-FOLEY, AL 11 $2,305,000 $209,545
ST. CLOUD, MN 12 $2,280,000 $190,000
LAS CRUCES, NM 12 $2,250,000 $187,500
SIERRA VISTA-DOUGLAS, AZ 15 $2,245,000 $149,667
SOUTH BEND-MISHAWAKA, IN-MI 17 $2,185,000 $128,529
ALBANY, GA 17 $2,155,000 $126,765
COEUR D'ALENE, ID 8 $2,150,000 $268,750
ERIE, PA 15 $2,145,000 $143,000
PUNTA GORDA, FL 12 $2,140,000 $178,333
MERCED, CA 7 $2,135,000 $305,000
SAN LUIS OBISPO-PASO ROBLES, CA 5 $2,125,000 $425,000
HAGERSTOWN-MARTINSBURG, MD-WV 11 $2,105,000 $191,364
MADERA, CA 9 $2,075,000 $230,556
LONGVIEW, TX 14 $2,060,000 $147,143
LONGVIEW, WA 9 $2,055,000 $228,333
EUGENE-SPRINGFIELD, OR 10 $2,040,000 $204,000
READING, PA 7 $2,015,000 $287,857
YOUNGSTOWN-WARREN-BOARDMAN, OH-PA 18 $2,010,000 $111,667
APPLETON, WI 11 $2,005,000 $182,273
ROANOKE, VA 10 $2,000,000 $200,000
TEXARKANA, TX-AR 8 $2,000,000 $250,000
KINGSPORT-BRISTOL, TN-VA 16 $1,990,000 $124,375
FARGO, ND-MN 10 $1,970,000 $197,000
VALLEJO, CA 5 $1,945,000 $389,000
GAINESVILLE, FL 12 $1,920,000 $160,000
WACO, TX 10 $1,890,000 $189,000
MEDFORD, OR 7 $1,875,000 $267,857
FORT WAYNE, IN 12 $1,860,000 $155,000
PEORIA, IL 13 $1,845,000 $141,923
HICKORY-LENOIR-MORGANTON, NC 14 $1,840,000 $131,429
YUBA CITY, CA 7 $1,835,000 $262,143
FORT SMITH, AR-OK 13 $1,835,000 $141,154
STAUNTON, VA 12 $1,830,000 $152,500
SALINAS, CA 4 $1,820,000 $455,000
LANCASTER, PA 10 $1,790,000 $179,000
DOTHAN, AL 13 $1,785,000 $137,308
TERRE HAUTE, IN 15 $1,785,000 $119,000
FLINT, MI 11 $1,785,000 $162,273
GREEN BAY, WI 8 $1,780,000 $222,500
DUBUQUE, IA 7 $1,745,000 $249,286
SUMTER, SC 10 $1,720,000 $172,000
BURLINGTON, NC 8 $1,690,000 $211,250
VALDOSTA, GA 10 $1,690,000 $169,000
CHARLESTON, WV 10 $1,690,000 $169,000
LUBBOCK, TX 11 $1,685,000 $153,182
NORWICH-NEW LONDON, CT 6 $1,670,000 $278,333
IDAHO FALLS, ID 8 $1,640,000 $205,000
SPRINGFIELD, IL 7 $1,635,000 $233,571
YUMA, AZ 10 $1,620,000 $162,000
CHEYENNE, WY 6 $1,610,000 $268,333
AMES, IA 8 $1,580,000 $197,500
BANGOR, ME 12 $1,550,000 $129,167
BRIDGEPORT-STAMFORD-NORWALK, CT 4 $1,530,000 $382,500
WAUSAU-WESTON, WI 9 $1,525,000 $169,444
BOULDER, CO 4 $1,520,000 $380,000
WATERTOWN-FORT DRUM, NY 8 $1,520,000 $190,000
MORRISTOWN, TN 11 $1,495,000 $135,909
GREAT FALLS, MT 8 $1,490,000 $186,250
SANTA FE, NM 4 $1,480,000 $370,000
MANHATTAN, KS 7 $1,465,000 $209,286
SEBASTIAN-VERO BEACH, FL 4 $1,460,000 $365,000
JOPLIN, MO 10 $1,450,000 $145,000
KINGSTON, NY 8 $1,440,000 $180,000
MOUNT VERNON-ANACORTES, WA 4 $1,440,000 $360,000
MISSOULA, MT 5 $1,435,000 $287,000
ANN ARBOR, MI 4 $1,430,000 $357,500
NEW BERN, NC 10 $1,430,000 $143,000
BATTLE CREEK, MI 8 $1,410,000 $176,250
JOHNSON CITY, TN 9 $1,405,000 $156,111
BRUNSWICK, GA 5 $1,395,000 $279,000
LEBANON, PA 7 $1,385,000 $197,857
SCRANTON--WILKES-BARRE, PA 13 $1,375,000 $105,769
MANCHESTER-NASHUA, NH 5 $1,375,000 $275,000
FORT COLLINS, CO 5 $1,345,000 $269,000
MACON-BIBB COUNTY, GA 10 $1,330,000 $133,000
HATTIESBURG, MS 9 $1,325,000 $147,222
BEAUMONT-PORT ARTHUR, TX 8 $1,320,000 $165,000
LEXINGTON-FAYETTE, KY 10 $1,320,000 $132,000
EVANSVILLE, IN-KY 8 $1,310,000 $163,750
MORGANTOWN, WV 6 $1,310,000 $218,333
SHEBOYGAN, WI 7 $1,305,000 $186,429
REDDING, CA 5 $1,305,000 $261,000
MICHIGAN CITY-LA PORTE, IN 9 $1,305,000 $145,000
ST. GEORGE, UT 6 $1,300,000 $216,667
NAPA, CA 2 $1,280,000 $640,000
CANTON-MASSILLON, OH 10 $1,280,000 $128,000
ROCKINGHAM COUNTY-STRAFFORD COUNTY, NH 5 $1,275,000 $255,000
BINGHAMTON, NY 10 $1,260,000 $126,000
MUSKEGON, MI 6 $1,240,000 $206,667
AMARILLO, TX 4 $1,240,000 $310,000
LAKE CHARLES, LA 7 $1,235,000 $176,429
CARBONDALE-MARION, IL 7 $1,225,000 $175,000
TYLER, TX 6 $1,200,000 $200,000
TUSCALOOSA, AL 9 $1,185,000 $131,667
KENNEWICK-RICHLAND, WA 3 $1,185,000 $395,000
CHICO, CA 5 $1,185,000 $237,000
ABILENE, TX 10 $1,180,000 $118,000
CORPUS CHRISTI, TX 6 $1,170,000 $195,000
SPARTANBURG, SC 7 $1,155,000 $165,000
WEIRTON-STEUBENVILLE, WV-OH 8 $1,130,000 $141,250
ATHENS-CLARKE COUNTY, GA 6 $1,120,000 $186,667
MIDLAND, TX 4 $1,100,000 $275,000
TALLAHASSEE, FL 6 $1,100,000 $183,333
SEBRING-AVON PARK, FL 11 $1,095,000 $99,545
FLORENCE-MUSCLE SHOALS, AL 9 $1,085,000 $120,556
ELKHART-GOSHEN, IN 7 $1,065,000 $152,143
UTICA-ROME, NY 7 $1,065,000 $152,143
GAINESVILLE, GA 4 $1,060,000 $265,000
FLAGSTAFF, AZ 3 $1,015,000 $338,333
GOLDSBORO, NC 7 $1,015,000 $145,000
LOGAN, UT-ID 3 $1,005,000 $335,000
BLOOMINGTON, IN 4 $990,000 $247,500
CHAMBERSBURG-WAYNESBORO, PA 4 $990,000 $247,500
KAHULUI-WAILUKU-LAHAINA, HI 2 $970,000 $485,000
OCEAN CITY, NJ 3 $965,000 $321,667
WHEELING, WV-OH 7 $955,000 $136,429
OSHKOSH-NEENAH, WI 6 $950,000 $158,333
CHAMPAIGN-URBANA, IL 6 $940,000 $156,667
JACKSON, MI 7 $935,000 $133,571
YAKIMA, WA 4 $930,000 $232,500
ENID, OK 6 $930,000 $155,000
SAN ANGELO, TX 4 $920,000 $230,000
LEWISTON-AUBURN, ME 8 $910,000 $113,750
HILTON HEAD ISLAND-BLUFFTON, SC 4 $910,000 $227,500
JACKSON, TN 5 $895,000 $179,000
LIMA, OH 6 $890,000 $148,333
ALTOONA, PA 7 $885,000 $126,429
JEFFERSON CITY, MO 6 $870,000 $145,000
SIOUX FALLS, SD 6 $860,000 $143,333
POCATELLO, ID 4 $860,000 $215,000
KALAMAZOO-PORTAGE, MI 6 $850,000 $141,667
BOWLING GREEN, KY 6 $850,000 $141,667
ELIZABETHTOWN-FORT KNOX, KY 6 $850,000 $141,667
HINESVILLE, GA 5 $845,000 $169,000
GRANTS PASS, OR 4 $840,000 $210,000
LAFAYETTE, LA 7 $825,000 $117,857
BILLINGS, MT 3 $785,000 $261,667
LAFAYETTE-WEST LAFAYETTE, IN 6 $780,000 $130,000
WALLA WALLA, WA 3 $775,000 $258,333
BELLINGHAM, WA 3 $775,000 $258,333
CORVALLIS, OR 2 $760,000 $380,000
CEDAR RAPIDS, IA 4 $750,000 $187,500
FLORENCE, SC 6 $750,000 $125,000
RAPID CITY, SD 4 $750,000 $187,500
MCALLEN-EDINBURG-MISSION, TX 5 $745,000 $149,000
ALEXANDRIA, LA 5 $735,000 $147,000
LINCOLN, NE 4 $700,000 $175,000
GRAND ISLAND, NE 3 $695,000 $231,667
KOKOMO, IN 5 $695,000 $139,000
GREENVILLE, NC 4 $680,000 $170,000
LEWISTON, ID-WA 4 $660,000 $165,000
HOT SPRINGS, AR 5 $655,000 $131,000
MANKATO, MN 4 $650,000 $162,500
ATLANTIC CITY-HAMMONTON, NJ 4 $620,000 $155,000
FOND DU LAC, WI 3 $615,000 $205,000
MONROE, LA 4 $600,000 $150,000
BROWNSVILLE-HARLINGEN, TX 4 $580,000 $145,000
WICHITA FALLS, TX 4 $580,000 $145,000
LAWTON, OK 4 $570,000 $142,500
HARRISONBURG, VA 2 $570,000 $285,000
PARKERSBURG-VIENNA, WV 4 $570,000 $142,500
HOUMA-THIBODAUX, LA 3 $565,000 $188,333
TOPEKA, KS 5 $555,000 $111,000
ALBANY-LEBANON, OR 2 $550,000 $275,000
WILLIAMSPORT, PA 5 $545,000 $109,000
WINCHESTER, VA-WV 3 $535,000 $178,333
MUNCIE, IN 5 $525,000 $105,000
WENATCHEE, WA 2 $520,000 $260,000
TWIN FALLS, ID 3 $515,000 $171,667
FARMINGTON, NM 3 $515,000 $171,667
DECATUR, AL 3 $505,000 $168,333
COLLEGE STATION-BRYAN, TX 3 $505,000 $168,333
WATERLOO-CEDAR FALLS, IA 4 $500,000 $125,000
TRENTON-PRINCETON, NJ 2 $490,000 $245,000
JONESBORO, AR 4 $480,000 $120,000
HAMMOND, LA 3 $465,000 $155,000
ANNISTON-OXFORD, AL 5 $455,000 $91,000
THE VILLAGES, FL 3 $445,000 $148,333
VINELAND-BRIDGETON, NJ 4 $440,000 $110,000
ST. JOSEPH, MO-KS 3 $435,000 $145,000
ELMIRA, NY 2 $420,000 $210,000
CUMBERLAND, MD-WV 3 $415,000 $138,333
STATE COLLEGE, PA 3 $415,000 $138,333
LYNCHBURG, VA 4 $410,000 $102,500
LA CROSSE-ONALASKA, WI-MN 3 $405,000 $135,000
CLEVELAND, TN 3 $405,000 $135,000
SPRINGFIELD, OH 4 $400,000 $100,000
CALIFORNIA-LEXINGTON PARK, MD 2 $400,000 $200,000
EAST STROUDSBURG, PA 3 $395,000 $131,667
GLENS FALLS, NY 4 $390,000 $97,500
DANVILLE, IL 4 $380,000 $95,000
GADSDEN, AL 3 $375,000 $125,000
HANFORD-CORCORAN, CA 1 $365,000 $365,000
MANSFIELD, OH 2 $360,000 $180,000
FAIRBANKS, AK 2 $360,000 $180,000
SHERMAN-DENISON, TX 3 $335,000 $111,667
EL CENTRO, CA 2 $330,000 $165,000
PITTSFIELD, MA 2 $330,000 $165,000
ROME, GA 3 $325,000 $108,333
GRAND JUNCTION, CO 3 $325,000 $108,333
SIOUX CITY, IA-NE-SD 2 $320,000 $160,000
SAGINAW, MI 3 $315,000 $105,000
OWENSBORO, KY 3 $315,000 $105,000
GETTYSBURG, PA 1 $295,000 $295,000
PINE BLUFF, AR 3 $275,000 $91,667
COLUMBUS, IN 2 $270,000 $135,000
SANTA ROSA-PETALUMA, CA 1 $265,000 $265,000
DALTON, GA 3 $255,000 $85,000
CAPE GIRARDEAU, MO-IL 2 $250,000 $125,000
ROCKY MOUNT, NC 2 $250,000 $125,000
MIDLAND, MI 2 $240,000 $120,000
ODESSA, TX 1 $235,000 $235,000
BLOOMSBURG-BERWICK, PA 1 $225,000 $225,000
ITHACA, NY 2 $220,000 $110,000
JOHNSTOWN, PA 3 $215,000 $71,667
CASPER, WY 1 $195,000 $195,000
IOWA CITY, IA 1 $185,000 $185,000
BISMARCK, ND 1 $155,000 $155,000
BAY CITY, MI 2 $140,000 $70,000
BECKLEY, WV 1 $125,000 $125,000
VICTORIA, TX 1 $125,000 $125,000
COLUMBIA, MO 1 $55,000 $55,000

Lendors vary in competitiveness at the per market level-- meaning they may have better terms, deals or promotions based on the mortgaged property's location.

Interest Rate & Spreads

Loan Rate Originations Total Value Average Loan
2.5-3% 47 $15,575,000 $331,383
3-4% 9,277 $2,296,285,000 $247,525
4-5% 6,834 $1,613,510,000 $236,100
5-6% 1,075 $210,885,000 $196,172
6-7% 65 $12,885,000 $198,231
7-8% 1 $675,000 $675,000
Over 8% 2 $370,000 $185,000

Loan Sizing

Loan Size Originations Total Value Average Loan
$100,000 or less 2,134 $161,050,000 $75,469
$100k-200k 6,380 $962,440,000 $150,853
$200k-400k 6,750 $1,859,650,000 $275,504
$400k-600k 1,482 $697,610,000 $470,722
$600k-1000k 454 $328,040,000 $722,555
$Over $1MM 102 $141,660,000 $1,388,824

Different banks have different objectives. Some banks focus solely on high net worth individuals. Others focus on FHA loans for lower income applicants. Knowing what a bank specializes in allows better optimization given the applicant's financial situation.

LTV Distribution

Loan to Value Originations Total Value Average Loan
20-40% 384 $71,760,000 $186,875
40-60% 979 $274,575,000 $280,465
60-80% 3,331 $1,009,435,000 $303,043
80-100% 8,123 $1,875,535,000 $230,892
Over 100% 657 $160,055,000 $243,615
Under 20% 37 $4,625,000 $125,000

LTV, or loan-to-value, is the amount loaned relative to a home's value. Lower LTV lending implies a larger downpayment-- reducing risk to the lendor. FHA loans will nearly always have a higher LTV due to the lower downpayment requirements. Higher LTVs may also mean a bank is charging higher fees or interest rates to compensate for their risk exposure.

Applicant Income

Applicant Income Originations Total Value Average Loan
$100k-150k 2,513 $754,215,000 $300,125
$150k-250k 1,553 $607,475,000 $391,162
$50k-75k 3,599 $674,555,000 $187,428
$50k-or less 2,612 $333,610,000 $127,722
$75k-100k 2,328 $559,160,000 $240,189
$Over $250k 751 $422,195,000 $562,177

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan
White 12,724 $3,101,190,000 $243,728
Not provided 1,860 $442,360,000 $237,828
Black 1,974 $406,930,000 $206,145
Asian 476 $134,040,000 $281,597
American Indian 155 $28,485,000 $183,774
Asian Indian 36 $11,740,000 $326,111
Native Hawaiian 27 $7,905,000 $292,778
Other Asian 15 $4,915,000 $327,667
Not applicable 7 $4,815,000 $687,857
Filipino 11 $3,505,000 $318,636
Other Pacific Islander 4 $1,490,000 $372,500
Chinese 7 $1,375,000 $196,429
Guamanian 2 $540,000 $270,000
Japanese 1 $455,000 $455,000
Vietnamese 1 $335,000 $335,000
Native Hawiian 1 $195,000 $195,000
Korean 1 $175,000 $175,000

Approval Rates

Total approvals of all applications
92.70%

A high approval rate means banks are more selective in who they market to or that they are loosey-goosey with who they lend to. Low approval rates may mean a lendor is more stringent in their lending standards.

Pick Rate

Approvals leading to origination
58.16%

A bank's pick rate is how often they are chosen by an applicant once approved. A high pick rate typically means the bank has some sort of advantage-- either the best terms (rates/fees), fastest closing time or even the best customer service. Banks with <75% pick rate may need further investigation as to why they are not more competitive.

Points and Fees

Points Originations Total Value Average Loan
NA 17,302 $4,150,450,000 $239,883

Origination Fees

Origination Fee Originations Total Value Average Loan
$<1k 4,041 $707,375,000 $175,049
$1k-2k 9,061 $2,219,045,000 $244,901
$2k-3k 2,255 $557,665,000 $247,302
$3k-4k 1,389 $420,795,000 $302,948
$5k+ 545 $236,905,000 $434,688

Banks make money on their float/interest spread (fees charged to borrowers vs fees they pay for their capital), for servicing loans, as well as charging origination fees when a loan is disbursed. Modern low-cost efficient lendors can have fees totaling less than $500 for many mortgages-- as low as $250 in some cases. Average lendors will be in the $1k-2k range and high cost lendors will be even more. The costs incurred by the bank will be similar no matter the loan amount, so this is to be viewed as a profit center for most banks.

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
Multifamily:Site-Built 4 $7,560,000 $1,890,000
Single Family (1-4 Units):Manufactured 815 $104,375,000 $128,067
Single Family (1-4 Units):Site-Built 16,483 $4,038,515,000 $245,011