# Busey Bank

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


> **📋 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


Busey Bank is a bank, headquartered in Champaign, IL, serving borrowers across 9 states, with 766 loans originated in the most recent reporting period.

**At a Glance:**
- **Pricing:** Ranks in the top 37% of lenders for competitive rates
- **Approval Rate:** Ranks in the top 16% for loan approval success

## Overview

- **Institution Type:** Bank
- **LEI (Legal Entity Identifier):** 549300O7SGM8FH65GQ47
- **Headquarters:** Champaign, IL
- **Geographic Reach:** Multi-Region
- **States Served:** 9
- **State List:** FL, IA, IL, IN, KS, MO, OH, TN, TX
- **Markets (MSAs):** 9
- **Primary Channel:** Direct to Consumer
- **Direct Origination:** 100%
- **Brokered/Wholesale:** 0%

## Safe Rate Ratings

### Pricing: Strong 😀
- Score: 63/100
- Rating: ●●●●○ (4/5)

### Pull Through: Exceptional 🤩
- Score: 84/100
- Rating: ●●●●● (5/5)

### Pricing Details
- **Average Rate Spread:** +0.329%
  - *(Average of lender's APR minus market average APR)*
- **Average Net Fees:** $904
  - *(Borrower paid Origination Charges minus Lender Credits)*

### Lending Volume
- **Total Loans:** 766
- **Dollar Volume:** $168 million
- **Applications Received:** 993
- **Market Share:** 2.00%

## Typical Borrower Profile

- **Average Loan Amount:** $219,034
- **Average Borrower Income:** $150,952
- **Average Property Value:** $293,277

## Safe Rate Awards 🏆

- ⭐ **Conventional Gold Superstar** (77%)
- ⭐ **Purchase Gold Superstar** (70%)
- ⭐ **Refinance Gold Superstar** (63%)

## Performance by Loan Product

| Product | Score | Volume | Avg Spread | Avg Fees | Rating |
|---------|-------|--------|------------|----------|--------|
| Conventional | 77/100 | 714 | +0.338% | $913 | Strong 😀 |
| FHA | 55/100 | 32 | +0.286% | $1,250 | Sound ☺️ |

### Product Performance by Purpose

**Conventional:**
- Purchase: 598 loans, Score: 77/100 (Strong)
- Refinance: 116 loans, Score: 73/100 (Strong)

**FHA:**
- Purchase: 30 loans, Score: 55/100 (Sound)

## Performance by Loan Purpose

| Purpose | Score | Volume | Dollar Volume | Avg Spread | Rating |
|---------|-------|--------|---------------|------------|--------|
| Purchase | 75/100 | 646 | $148M | +0.330% | Strong 😀 |
| Refinance | 72/100 | 120 | $20M | +0.322% | Strong 😀 |

## State Performance

| State | Volume | Market Share | Place Score |
|-------|--------|--------------|-------------|
| IL | 669 | 0.54% | 85/100 |
| IN | 35 | 0.04% | 51/100 |
| FL | 26 | 0.01% | 43/100 |
| MO | 26 | 0.03% | 48/100 |

## Top Metro Markets (MSAs)

| Market | State | Volume | Place Score |
|--------|-------|--------|-------------|
| Champaign | IL | 208 | 100/100 |
| Chicago | IL | 160 | 71/100 |
| St. Louis, MO | MO-IL | 139 | 73/100 |
| Non |  | 50 | 41/100 |
| Peoria, IL | IL | 47 | 62/100 |
| Decatur, IL | IL | 44 | 80/100 |
| Bloomington, IL | IL | 42 | 62/100 |
| Indianapolis | IN | 33 | 54/100 |
| Cape Coral | FL | 11 | 42/100 |

## Where This Lender Ranks

Busey Bank appears in the following market rankings:

### Best Overall Mortgage Lenders

- 🥇 **#1** in Illinois Banks
  - [View Full Rankings](https://saferate.com/illinois/best-mortgage-lenders/banks)
- 🥇 **#1** in Champaign
  - [View Full Rankings](https://saferate.com/champaign/best-mortgage-lenders)
- 🥇 **#1** in Champaign Banks
  - [View Full Rankings](https://saferate.com/champaign/best-mortgage-lenders/banks)
- 🥇 **#1** in Champaign for Conventional Loans
  - [View Full Rankings](https://saferate.com/champaign/best-mortgage-lenders/conventional-loans)
- 🥇 **#1** in Champaign for Conventional Loans (Banks)
  - [View Full Rankings](https://saferate.com/champaign/best-mortgage-lenders/banks/conventional-loans)
- 🥇 **#1** in Decatur, IL
  - [View Full Rankings](https://saferate.com/decatur-il/best-mortgage-lenders)
- 🥇 **#1** in Decatur, IL Banks
  - [View Full Rankings](https://saferate.com/decatur-il/best-mortgage-lenders/banks)
- 🥇 **#1** in Decatur, IL for Conventional Loans (Banks)
  - [View Full Rankings](https://saferate.com/decatur-il/best-mortgage-lenders/banks/conventional-loans)
- 🥇 **#1** in Bloomington, IL Banks
  - [View Full Rankings](https://saferate.com/bloomington-il/best-mortgage-lenders/banks)
- 🥈 **#2** in Champaign for FHA Loans (Banks)
  - [View Full Rankings](https://saferate.com/champaign/best-mortgage-lenders/banks/fha-loans)
- 🥈 **#2** in Peoria, IL Banks
  - [View Full Rankings](https://saferate.com/peoria-il/best-mortgage-lenders/banks)
- 🥈 **#2** in Decatur, IL for Conventional Loans
  - [View Full Rankings](https://saferate.com/decatur-il/best-mortgage-lenders/conventional-loans)
- 🥈 **#2** in Decatur, IL for FHA Loans (Banks)
  - [View Full Rankings](https://saferate.com/decatur-il/best-mortgage-lenders/banks/fha-loans)
- 🥈 **#2** in Bloomington, IL
  - [View Full Rankings](https://saferate.com/bloomington-il/best-mortgage-lenders)
- 🥈 **#2** in Bloomington, IL for Conventional Loans (Banks)
  - [View Full Rankings](https://saferate.com/bloomington-il/best-mortgage-lenders/banks/conventional-loans)
- 🥉 **#3** in Illinois
  - [View Full Rankings](https://saferate.com/illinois/best-mortgage-lenders)
- 🥉 **#3** in Peoria, IL
  - [View Full Rankings](https://saferate.com/peoria-il/best-mortgage-lenders)
- 🏆 **#4** in Illinois for Conventional Loans (Banks)
  - [View Full Rankings](https://saferate.com/illinois/best-mortgage-lenders/banks/conventional-loans)
- 🏆 **#4** in Peoria, IL for Conventional Loans (Banks)
  - [View Full Rankings](https://saferate.com/peoria-il/best-mortgage-lenders/banks/conventional-loans)
- 🏆 **#4** in Decatur, IL for FHA Loans
  - [View Full Rankings](https://saferate.com/decatur-il/best-mortgage-lenders/fha-loans)

## Frequently Asked Questions

### What loan types does Busey Bank offer?

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

### Where does Busey Bank offer mortgages?

Busey Bank offers mortgages in 9 states: FL, IA, IL, IN, KS, MO, OH, TN, TX.

### How competitive are Busey Bank's mortgage rates?

Busey Bank has a pricing score of 63/100 (Strong), based on analysis of their loan data including average rate spread and fees compared to market benchmarks.
Their average rate spread is 0.329% above market average.

### What type of lender is Busey Bank?

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

### What is Busey Bank's loan approval success rate?

Busey Bank has a pull-through score of 84/100 (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/busey-bank

### How to Cite

> "Busey Bank Mortgage Lender Profile." Safe Rate, 2026. https://saferate.com/lenders/busey-bank

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