# First National Bank of Waterloo

> **Canonical URL:** https://saferate.com/lenders/first-national-bank-of-waterloo


> **📋 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


First National Bank of Waterloo is a bank, headquartered in Waterloo, IL, serving borrowers across 3 states, with 119 loans originated in the most recent reporting period.

**At a Glance:**
- **Pricing:** Ranks in the top 22% of lenders for competitive rates
- **Approval Rate:** Ranks in the top 44% for loan approval success

## Overview

- **Institution Type:** Bank
- **LEI (Legal Entity Identifier):** 5493002GOGIUXB84JB89
- **Headquarters:** Waterloo, IL
- **Geographic Reach:** Regional
- **States Served:** 3
- **State List:** FL, IL, MO
- **Markets (MSAs):** 2
- **Primary Channel:** Direct to Consumer
- **Direct Origination:** 100%
- **Brokered/Wholesale:** 0%

## Safe Rate Ratings

### Pricing: Strong 😀
- Score: 78/100
- Rating: ●●●●○ (4/5)

### Pull Through: Sound ☺️
- Score: 56/100
- Rating: ●●●○○ (3/5)

### Pricing Details
- **Average Rate Spread:** -0.188%
  - *(Average of lender's APR minus market average APR)*
- **Average Net Fees:** $507
  - *(Borrower paid Origination Charges minus Lender Credits)*

### Lending Volume
- **Total Loans:** 119
- **Dollar Volume:** $27 million
- **Applications Received:** 143
- **Market Share:** 0.00%

## Typical Borrower Profile

- **Average Loan Amount:** $228,613
- **Average Borrower Income:** $131,193
- **Average Property Value:** $372,983

## Performance by Loan Product

| Product | Score | Volume | Avg Spread | Avg Fees | Rating |
|---------|-------|--------|------------|----------|--------|
| Conventional | 36/100 | 118 | -0.188% | $511 | Acceptable 🙂 |

### Product Performance by Purpose

**Conventional:**
- Purchase: 74 loans, Score: 33/100 (Acceptable)
- Refinance: 44 loans, Score: 48/100 (Sound)

## Performance by Loan Purpose

| Purpose | Score | Volume | Dollar Volume | Avg Spread | Rating |
|---------|-------|--------|---------------|------------|--------|
| Purchase | 33/100 | 75 | $20M | -0.142% | Acceptable 🙂 |
| Refinance | 46/100 | 44 | $7M | -0.270% | Sound ☺️ |

## State Performance

| State | Volume | Market Share | Place Score |
|-------|--------|--------------|-------------|
| IL | 109 | 0.09% | 70/100 |

## Top Metro Markets (MSAs)

| Market | State | Volume | Place Score |
|--------|-------|--------|-------------|
| St. Louis, MO | MO-IL | 98 | 74/100 |
| Non |  | 20 | 35/100 |

## Frequently Asked Questions

### What loan types does First National Bank of Waterloo offer?

First National Bank of Waterloo offers the following mortgage loan types: Conventional. Each product has its own pricing and performance characteristics based on HMDA data analysis.

### Where does First National Bank of Waterloo offer mortgages?

First National Bank of Waterloo offers mortgages in 3 states: FL, IL, MO.

### How competitive are First National Bank of Waterloo's mortgage rates?

First National Bank of Waterloo has a pricing score of 78/100 (Strong), based on analysis of their loan data including average rate spread and fees compared to market benchmarks.
Their average rate spread is 0.188% below market average.

### What type of lender is First National Bank of Waterloo?

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

### What is First National Bank of Waterloo's loan approval success rate?

First National Bank of Waterloo has a pull-through score of 56/100 (Sound). 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/first-national-bank-of-waterloo

### How to Cite

> "First National Bank of Waterloo Mortgage Lender Profile." Safe Rate, 2026. https://saferate.com/lenders/first-national-bank-of-waterloo

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