# Morton Community Bank

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

Morton Community Bank is a bank, headquartered in Morton, IL, serving borrowers across 7 states, with 470 loans originated in the most recent reporting period.

**At a Glance:**
- **Pricing:** Ranks in the top 58% of lenders for competitive rates
- **Approval Rate:** Ranks in the top 26% for loan approval success

## Overview

- **Institution Type:** Bank
- **LEI (Legal Entity Identifier):** 549300SNZET0P5BZ3J56
- **Headquarters:** Morton, IL
- **Geographic Reach:** Multi-Region
- **States Served:** 7
- **State List:** FL, IA, IL, IN, KY, MO, TN
- **Markets (MSAs):** 5
- **Primary Channel:** Direct to Consumer
- **Direct Origination:** 100%
- **Brokered/Wholesale:** 0%

## Safe Rate Ratings

### Pricing: Sound ☺️
- Score: 42/100
- Rating: ●●●○○ (3/5)

### Pull Through: Strong 😀
- Score: 74/100
- Rating: ●●●●○ (4/5)

### Pricing Details
- **Average Rate Spread:** +0.452%
  - *(Average of lender's APR minus market average APR)*
- **Average Net Fees:** $683
  - *(Borrower paid Origination Charges minus Lender Credits)*

### Lending Volume
- **Total Loans:** 470
- **Dollar Volume:** $81 million
- **Applications Received:** 616
- **Market Share:** 1.00%

## Typical Borrower Profile

- **Average Loan Amount:** $171,809
- **Average Borrower Income:** $113,877

## Safe Rate Awards 🏆

- ⭐ **Conventional Gold Superstar** (63%)
- ⭐ **Purchase Gold Superstar** (63%)

## Performance by Loan Product

| Product | Score | Volume | Avg Spread | Avg Fees | Rating |
|---------|-------|--------|------------|----------|--------|
| Conventional | 71/100 | 469 | +0.451% | $683 | Strong 😀 |

### Product Performance by Purpose

**Conventional:**
- Purchase: 384 loans, Score: 69/100 (Strong)
- Refinance: 85 loans, Score: 70/100 (Strong)

## Performance by Loan Purpose

| Purpose | Score | Volume | Dollar Volume | Avg Spread | Rating |
|---------|-------|--------|---------------|------------|--------|
| Purchase | 66/100 | 385 | $70M | +0.451% | Strong 😀 |
| Refinance | 68/100 | 85 | $11M | +0.454% | Strong 😀 |

## State Performance

| State | Volume | Market Share | Place Score |
|-------|--------|--------------|-------------|
| IL | 455 | 0.36% | 82/100 |

## Top Metro Markets (MSAs)

| Market | State | Volume | Place Score |
|--------|-------|--------|-------------|
| Peoria, IL | IL | 211 | 85/100 |
| Non |  | 109 | 56/100 |
| Springfield, IL | IL | 53 | 68/100 |
| Bloomington, IL | IL | 50 | 66/100 |
| Champaign | IL | 21 | 57/100 |

## Frequently Asked Questions

### What loan types does Morton Community Bank offer?

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

### Where does Morton Community Bank offer mortgages?

Morton Community Bank offers mortgages in 7 states: FL, IA, IL, IN, KY, MO, TN.

### How competitive are Morton Community Bank's mortgage rates?

Morton Community Bank has a pricing score of 42/100 (Sound), based on analysis of their loan data including average rate spread and fees compared to market benchmarks.
Their average rate spread is 0.452% above market average.

### What type of lender is Morton Community Bank?

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

### What is Morton Community Bank's loan approval success rate?

Morton Community Bank has a pull-through score of 74/100 (Strong). 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:** 2026-05-29
**Canonical URL:** https://saferate.com/lenders/morton-community-bank

### How to Cite

> "Morton Community Bank Mortgage Lender Profile." Safe Rate, 2026. https://saferate.com/lenders/morton-community-bank

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