What loan types does First American Bank offer?

First American Bank offers the following mortgage loan types: Conventional. Each product has its own pricing score and performance metrics.

Where does First American Bank offer mortgages?

First American Bank offers mortgages in 12 states: AZ, FL, IL, IN, KY, MI, MO, NC, NH, NJ, VA, WI.

How competitive are First American Bank's mortgage rates?

First American Bank has an overall pricing score of 78.4/100, based on analysis of their loan data including average spread and fees compared to market benchmarks.

What type of lender is First American Bank?

First American Bank is a Bank headquartered in Elk Grove Village, IL.

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First American Bank

Bank•Elk Grove Village, ILHQ•Direct•Reviews near you on Google

First American Bank has 264 closed loans in our dataset — fully analyzed and benchmarked against peers across the 5 Ps of Mortgage Shopping.

Ratings· each scored 1–5 against peer lenders

Pricing

Strong

4/5

vs. all lenders

Pull-through

Sound

3/5

closing strength

Product

Sound

3/5

Conventional

Place

Strong

4/5

Multi-Region · 4 mkts

Promptness

Not enough data

—/5

No quote responses measured yet

Awards

Conventional

Superstar

Summary

What They Do Well

Competitive pricing compared to the market
Lower than average lender fees

Explore another lender or local market

Report Card

First American Bank performance at a glance

Overall Performance· Pricing & closing strength

Pricing

Rate competitiveness

Strong

+13.8 bps above market avg

4/5

Pull Through

Closing strength

Sound

Top 60% of lenders

3/5

By Loan Product· Specialization by type

Conventional

264 loans · 0.14% above market

Sound

Top 60% of lenders

3/5

By Loan Purpose· Transaction purpose mix

Purchase

143 loans · 0.19% above market

Acceptable

Bottom 40% of lenders

2/5

Refinance

121 loans · 0.08% above market

Sound

Top 60% of lenders

3/5

By Location· Geographic coverage

Geographic Reach

Multi-Regional · 5 markets

Sound

Top 60% of lenders

3/5

Loan Product Performance

Performance by Loan Product

Loan Type	Overall	Product	Pricing	Pull Through	Volume	Mix	Spread	Fees
Conventional	Strong	Sound	Strong	Sound	264	100.0%	+0.138%Above	$1,203Fees

Conventional

Overall

Strong

Product

Sound

Pricing

Strong

Pull Through

Sound

Volume264

Mix100.0%

Spread

+0.138%Above

Fees

$1,203Fees

Loan Purpose Performance

Performance by Loan Purpose

Purpose	Overall	Product	Pricing	Pull Through	Volume	Mix	Spread	Fees
Purchase	Sound	Acceptable	Strong	Acceptable	143	54.2%	+0.188%Above	$1,101Fees
Refinance	Sound	Sound	Exceptional	Acceptable	121	45.8%	+0.077%Above	$1,330Fees

Purchase

Overall

Sound

Product

Acceptable

Pricing

Strong

Pull Through

Acceptable

Volume143

Mix54.2%

Spread

+0.188%Above

Fees

$1,101Fees

Refinance

Overall

Sound

Product

Sound

Pricing

Exceptional

Pull Through

Acceptable

Volume121

Mix45.8%

Spread

+0.077%Above

Fees

$1,330Fees

At a Glance

Lender Overview

Lending Activity

Loans Originated

264

Applications

515

Volume

$68 million

Pricing & Closing

Avg Rate Spread

+0.138%

vs. market APOR

Avg Net Fees

$1,203

Origination − Credits

Pullthrough Rate

51.3%

Applications → Closed

Typical Borrower

Avg Loan Amount

$260,152

Avg Borrower Income

$165,193

Avg Property Value

$456,061

Geographic Coverage

Geographic Performance

Metro Areas

markets with activity

States Served

of 50 states + DC

Avg Place Specialization

Strong

4/5

States with Loan Originations

12Full-year 2024 · HMDA

Loans originated

< 2020+None

Northeast2

NHNJ

Midwest5

ILINMIMOWI

South4

FLKYNCVA

West1

Top Metro Areas by Place Specialization Score

Chicago, ILMetro

Volume 141Mix 53.41% of portfolio

72/100

Strong

Elgin, ILMetro

Volume 27Mix 10.23% of portfolio

60/100

Sound

Lake County, ILMetro

Volume 22Mix 8.33% of portfolio

60/100

Sound

Kankakee, ILMetro

Volume 12Mix 4.55% of portfolio

54/100

Sound

Top States by Place Specialization Score

IllinoisState

Volume 206Mix 78.03% of portfolio

75/100

Strong

WisconsinState

Volume 25Mix 9.47% of portfolio

51/100

Sound

FloridaState

Volume 15Mix 5.68% of portfolio

40/100

Sound

How We Rank Lenders

Our rankings use an equal-weight average of scores across the 5 Ps — Pricing, Product, Pull-Through, and Place — with lender promptness blending in as the fifth once a lender has responded to real shopper quote requests.

Our Point System (Max 50 Points)

10/ 50 pts

Pricing

How competitively a lender prices vs. the market benchmark (20%).

10/ 50 pts

Product

Performance on your specific loan type (20%).

10/ 50 pts

Pull Through

How reliably a lender closes the loans it starts (20%).

10/ 50 pts

Place

Depth of a lender's expertise in your local market (20%).

10/ 50 pts

Promptness

How quickly a lender answers real quote requests — blended in once they respond (20%).

Champion(80%+ = 40-50 points)

Superstar(60-79% = 30-39 points)

Data Integrity & Updates

Data is updated quarterly based on the latest HMDA filings and proprietary SafeRate analysis. All metrics are calculated using standardized methodologies to ensure fair comparison across lenders.

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The 5 PsRankings are calculated from observed lender differences on closed loans across Pricing, Pull-through, Product, and Place, plus Promptness when a lender has answered real shopper quote requests.

No Pay to PlayLenders cannot buy their way to the top. Rankings are 100% earned.

HMDA 2024Built using publicly available originated loan data from the federal government.

Peer BenchmarkedPerformance is normalized and benchmarked against peer institutions.