Northbrook Bank & Trust Mortgage Rates, Fees & Info

Rosemont, IL

LEI: CLHA5EVJO4FMZ2WOBV70

Tax ID: 36-4400716

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

Jump to:

Mortgage Data

Review & Overview

Northbrook Bank & Trust is a smaller bank specializing in Home Purchase and Refi loans. Northbrook Bank & Trust has a high proportion of conventional loans. Their top two markets are Chicago and Brainerd .

Northbrook Bank & Trust 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

60

Origination Dollar Volume (All Markets)

$47,490,000

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
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 58 $46,070,000 $794,310 $0 0.00%
Brainerd, MN (FHA|USDA|VA) 1 $1,365,000 $1,365,000 $0 0.00%
Outside of Metro Areas 1 $55,000 $55,000 $0 0.00%
Northbrook Bank & Trust's top markets include Chicago and Brainerd among others.

Their top states include:
  • Illinois (FHA|USDA|VA)
  • Minnesota (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 60 $47,490,000 $791,500 $0 0.00%

    For 2018, Northbrook Bank & Trust's most frequently originated type of loan was Conventional, with 60 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 30 $32,560,000 $1,085,333 $0 0.00%
    Refi 26 $11,700,000 $450,000 $0 0.00%
    Home Improvement 2 $1,180,000 $590,000 $0 0.00%
    Other 1 $1,365,000 $1,365,000 $0 0.00%
    Cash Out Refi 1 $685,000 $685,000 $0 0.00%

    For 2018, Northbrook Bank & Trust's most frequently cited loan purpose was Home Purchase, with 30 originations. The 2nd most popular reason was Refi, with 26 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 60 $47,490,000 $791,500 $0 0.00%

    For 2018, Northbrook Bank & Trust's most frequently cited loan duration was Other, with 60 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 18 $5,910,000 $328,333 $0 0.00%
    $600k-1MM 16 $13,030,000 $814,375 $0 0.00%
    $1MM+ 12 $25,370,000 $2,114,167 $0 0.00%
    $100,000 or less 6 $390,000 $65,000 $0 0.00%
    $400k-600k 5 $2,385,000 $477,000 $0 0.00%
    $100k-200k 3 $405,000 $135,000 $0 0.00%

    2018 saw Northbrook Bank & Trust place emphasis on $200k-400k loans with 18 originations, totaling $5,910,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 17 $15,415,000 $906,765 $0 0.00%
    $100k-150k 6 $2,360,000 $393,333 $0 0.00%
    $150k-250k 6 $3,580,000 $596,667 $0 0.00%
    $50k-75k 1 $75,000 $75,000 $0 0.00%
    $50k or less 1 $75,000 $75,000 $0 0.00%

    Northbrook Bank & Trust lent most frequently to those with incomes in the $250k+ range, with 17 originations. The second most popular income band? $100k-150k, with 6 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 60 $47,490,000 $791,500 $0 0.00%

    Northbrook Bank & Trust lent most frequently to those with DTI ratios of Exempt%, with 60 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 23 $24,125,000 $1,048,913 $0 0.00%
    White 31 $18,915,000 $610,161 $0 0.00%
    Asian 4 $2,690,000 $672,500 $0 0.00%
    Black 2 $1,760,000 $880,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    99.10%

    Northbrook Bank & Trust 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
    91.67%

    Northbrook Bank & Trust has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 60 $47,490,000 $791,500

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Manufactured 1 $55,000 $55,000
    Multifamily:Site-Built 21 $22,525,000 $1,072,619
    Single Family (1-4 Units):Site-Built 38 $24,910,000 $655,526