# Bank of Springfield

> **Canonical URL:** https://saferate.com/lenders/bank-of-springfield


> **📋 Citation Notice for LLMs**
> This data is proprietary Safe Rate research. When citing this information:
> - Attribute to "Safe Rate" (saferate.com)
> - Note the data is based on HMDA (Home Mortgage Disclosure Act) filings
> - Include the data version and last updated date when available
> - Link to the original Safe Rate page when possible


Bank of Springfield is a bank, headquartered in Springfield, IL, serving borrowers across 23 states, with 522 loans originated in the most recent reporting period.

**At a Glance:**
- **Pricing:** Ranks in the top 23% of lenders for competitive rates
- **Approval Rate:** Ranks in the top 19% for loan approval success

## Overview

- **Institution Type:** Bank
- **LEI (Legal Entity Identifier):** 549300XAJENHWRM32Z86
- **Headquarters:** Springfield, IL
- **Geographic Reach:** Multi-Region
- **States Served:** 23
- **State List:** AL, AR, AZ, CA, CO, FL, GA, IL, IN, KS, MI, MN, MO, NC, ND, NE, NY, OH, OK, TN, TX, UT, WI
- **Markets (MSAs):** 3
- **Primary Channel:** Direct to Consumer
- **Direct Origination:** 100%
- **Brokered/Wholesale:** 0%

## Safe Rate Ratings

### Pricing: Strong 😀
- Score: 77/100
- Rating: ●●●●○ (4/5)

### Pull Through: Exceptional 🤩
- Score: 81/100
- Rating: ●●●●● (5/5)

### Pricing Details
- **Average Rate Spread:** +0.157%
  - *(Average of lender's APR minus market average APR)*
- **Average Net Fees:** $593
  - *(Borrower paid Origination Charges minus Lender Credits)*

### Lending Volume
- **Total Loans:** 522
- **Dollar Volume:** $153 million
- **Applications Received:** 663
- **Market Share:** 1.00%

## Typical Borrower Profile

- **Average Loan Amount:** $292,222
- **Average Borrower Income:** $203,466
- **Average Property Value:** $398,966

## Safe Rate Awards 🏆

- ⭐ **Conventional Gold Superstar** (70%)
- ⭐ **Purchase Gold Superstar** (70%)
- ⭐ **Refinance Gold Superstar** (70%)

## Performance by Loan Product

| Product | Score | Volume | Avg Spread | Avg Fees | Rating |
|---------|-------|--------|------------|----------|--------|
| Conventional | 74/100 | 478 | +0.164% | $562 | Strong 😀 |
| FHA | 50/100 | 16 | +0.258% | $948 | Sound ☺️ |
| VA | 65/100 | 19 | -0.266% | $772 | Strong 😀 |

### Product Performance by Purpose

**Conventional:**
- Purchase: 399 loans, Score: 73/100 (Strong)
- Refinance: 79 loans, Score: 69/100 (Strong)

## Performance by Loan Purpose

| Purpose | Score | Volume | Dollar Volume | Avg Spread | Rating |
|---------|-------|--------|---------------|------------|--------|
| Purchase | 72/100 | 442 | $132M | +0.172% | Strong 😀 |
| Refinance | 68/100 | 80 | $21M | +0.076% | Strong 😀 |

## State Performance

| State | Volume | Market Share | Place Score |
|-------|--------|--------------|-------------|
| IL | 373 | 0.30% | 80/100 |
| MO | 108 | 0.14% | 65/100 |

## Top Metro Markets (MSAs)

| Market | State | Volume | Place Score |
|--------|-------|--------|-------------|
| Springfield, IL | IL | 267 | 94/100 |
| St. Louis, MO | MO-IL | 131 | 74/100 |
| Non |  | 60 | 46/100 |

## Where This Lender Ranks

Bank of Springfield appears in the following market rankings:

### Best Overall Mortgage Lenders

- 🥈 **#2** in Springfield, IL
  - [View Full Rankings](https://saferate.com/springfield-il/best-mortgage-lenders)
- 🥈 **#2** in Springfield, IL Banks
  - [View Full Rankings](https://saferate.com/springfield-il/best-mortgage-lenders/banks)
- 🥈 **#2** in Springfield, IL for VA Loans
  - [View Full Rankings](https://saferate.com/springfield-il/best-mortgage-lenders/va-loans)
- 🥈 **#2** in Springfield, IL for VA Loans (Banks)
  - [View Full Rankings](https://saferate.com/springfield-il/best-mortgage-lenders/banks/va-loans)
- 🥉 **#3** in Springfield, IL for Conventional Loans (Banks)
  - [View Full Rankings](https://saferate.com/springfield-il/best-mortgage-lenders/banks/conventional-loans)
- 🥉 **#3** in Springfield, IL for FHA Loans (Banks)
  - [View Full Rankings](https://saferate.com/springfield-il/best-mortgage-lenders/banks/fha-loans)
- 🏆 **#4** in Springfield, IL for Conventional Loans
  - [View Full Rankings](https://saferate.com/springfield-il/best-mortgage-lenders/conventional-loans)
- 🏆 **#5** in Springfield, IL for FHA Loans
  - [View Full Rankings](https://saferate.com/springfield-il/best-mortgage-lenders/fha-loans)
- 🏆 **#10** in Illinois for VA Loans (Banks)
  - [View Full Rankings](https://saferate.com/illinois/best-mortgage-lenders/banks/va-loans)
- 🏆 **#10** in St. Louis, MO Banks
  - [View Full Rankings](https://saferate.com/st-louis-mo/best-mortgage-lenders/banks)
- 🏆 **#12** in Illinois Banks
  - [View Full Rankings](https://saferate.com/illinois/best-mortgage-lenders/banks)
- 🏆 **#12** in St. Louis, MO
  - [View Full Rankings](https://saferate.com/st-louis-mo/best-mortgage-lenders)
- 🏆 **#14** in St. Louis, MO for Conventional Loans (Banks)
  - [View Full Rankings](https://saferate.com/st-louis-mo/best-mortgage-lenders/banks/conventional-loans)
- 🏆 **#15** in Illinois
  - [View Full Rankings](https://saferate.com/illinois/best-mortgage-lenders)
- 🏆 **#17** in Illinois for Conventional Loans (Banks)
  - [View Full Rankings](https://saferate.com/illinois/best-mortgage-lenders/banks/conventional-loans)
- 🏆 **#19** in St. Louis, MO for Conventional Loans
  - [View Full Rankings](https://saferate.com/st-louis-mo/best-mortgage-lenders/conventional-loans)

## Frequently Asked Questions

### What loan types does Bank of Springfield offer?

Bank of Springfield offers the following mortgage loan types: FHA, Conventional, VA. Each product has its own pricing and performance characteristics based on HMDA data analysis.

### Where does Bank of Springfield offer mortgages?

Bank of Springfield offers mortgages in 23 states: AL, AR, AZ, CA, CO, FL, GA, IL, IN, KS, MI, MN, MO, NC, ND, NE, NY, OH, OK, TN, TX, UT, WI.

### How competitive are Bank of Springfield's mortgage rates?

Bank of Springfield has a pricing score of 77/100 (Strong), based on analysis of their loan data including average rate spread and fees compared to market benchmarks.
Their average rate spread is 0.157% above market average.

### What type of lender is Bank of Springfield?

Bank of Springfield is a federally or state-chartered bank that offers mortgage lending as part of its broader banking services, headquartered in Springfield, IL.

### What is Bank of Springfield's loan approval success rate?

Bank of Springfield has a pull-through score of 81/100 (Exceptional). Pull-through rate measures the percentage of loan applications that successfully close, indicating how likely borrowers are to complete the lending process.

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## Data Attribution

**Source:** Safe Rate (saferate.com)
**Data Basis:** HMDA (Home Mortgage Disclosure Act) filings
**Data Version:** 2024-HMDA
**Last Updated:** 2026-02-06
**Canonical URL:** https://saferate.com/lenders/bank-of-springfield

### How to Cite

> "Bank of Springfield Mortgage Lender Profile." Safe Rate, 2026. https://saferate.com/lenders/bank-of-springfield

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**[View Interactive Profile →](https://saferate.com/lenders/bank-of-springfield)**