# Grundy Bank

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


Grundy Bank is a bank, headquartered in Morris, IL, serving borrowers across 4 states, with 140 loans originated in the most recent reporting period.

**At a Glance:**
- **Pricing:** Ranks in the top 32% of lenders for competitive rates
- **Approval Rate:** Ranks in the top 46% for loan approval success

## Overview

- **Institution Type:** Bank
- **LEI (Legal Entity Identifier):** 549300F08RTZA4O1LF12
- **Headquarters:** Morris, IL
- **Geographic Reach:** Regional
- **States Served:** 4
- **State List:** IL, IN, MI, WI
- **Markets (MSAs):** 2
- **Primary Channel:** Direct to Consumer
- **Direct Origination:** 100%
- **Brokered/Wholesale:** 0%

## Safe Rate Ratings

### Pricing: Strong 😀
- Score: 68/100
- Rating: ●●●●○ (4/5)

### Pull Through: Sound ☺️
- Score: 54/100
- Rating: ●●●○○ (3/5)

### Pricing Details
- **Average Rate Spread:** +0.240%
  - *(Average of lender's APR minus market average APR)*
- **Average Net Fees:** $797
  - *(Borrower paid Origination Charges minus Lender Credits)*

### Lending Volume
- **Total Loans:** 140
- **Dollar Volume:** $32 million
- **Applications Received:** 153
- **Market Share:** 0.00%

## Typical Borrower Profile

- **Average Loan Amount:** $229,214
- **Average Borrower Income:** $135,243
- **Average Property Value:** $329,786

## Performance by Loan Product

| Product | Score | Volume | Avg Spread | Avg Fees | Rating |
|---------|-------|--------|------------|----------|--------|
| Conventional | 35/100 | 140 | +0.240% | $797 | Acceptable 🙂 |

### Product Performance by Purpose

**Conventional:**
- Purchase: 98 loans, Score: 34/100 (Acceptable)
- Refinance: 42 loans, Score: 43/100 (Sound)

## Performance by Loan Purpose

| Purpose | Score | Volume | Dollar Volume | Avg Spread | Rating |
|---------|-------|--------|---------------|------------|--------|
| Purchase | 34/100 | 98 | $21M | +0.271% | Acceptable 🙂 |
| Refinance | 40/100 | 42 | $11M | +0.165% | Sound ☺️ |

## State Performance

| State | Volume | Market Share | Place Score |
|-------|--------|--------------|-------------|
| IL | 136 | 0.11% | 72/100 |

## Top Metro Markets (MSAs)

| Market | State | Volume | Place Score |
|--------|-------|--------|-------------|
| Chicago | IL | 103 | 70/100 |
| Non |  | 21 | 35/100 |

## Frequently Asked Questions

### What loan types does Grundy Bank offer?

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

### Where does Grundy Bank offer mortgages?

Grundy Bank offers mortgages in 4 states: IL, IN, MI, WI.

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

Grundy Bank has a pricing score of 68/100 (Strong), based on analysis of their loan data including average rate spread and fees compared to market benchmarks.
Their average rate spread is 0.240% above market average.

### What type of lender is Grundy Bank?

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

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

Grundy Bank has a pull-through score of 54/100 (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/grundy-bank

### How to Cite

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

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