Sibcy Cline Mortgage Services Rates, Fees & Info

CINCINNATI, OH

LEI: 25490039D55J3ZL21O72

Tax ID: 31-1064236

5 stars - out of 5 stars, based on 28 reviews

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

Sibcy Cline Mortgage Services is a smaller mortgage company specializing in Home Purchase loans. Sibcy Cline Mortgage Services has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets include Cincinnati, Dayton, Wilmington, Springfield, and Urbana among others. Sibcy Cline Mortgage Services has an above average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. Sibcy Cline Mortgage Services is typically an average fee lendor.


Originations

771

Origination Dollar Volume (All Markets)

$187,875,000

Awards

SIBCY CLINE MORTGAGE SERVICES  FHA Loans bronze SIBCY CLINE MORTGAGE SERVICES  30 Year Conventional Loans bronze SIBCY CLINE MORTGAGE SERVICES  FHA Loans gold SIBCY CLINE MORTGAGE SERVICES  FHA Loans gold
Show all (4) awards

Relative Rate

Sibcy Cline Mortgage Services 's average 30 year fixed rate mortgage of loans were 2.97%.

The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.

This yields a difference of -0.18%.

Relative Fees

Sibcy Cline Mortgage Services 's average total fees for a 30 year fixed rate mortgage are $3,784.

The average total origination fees for 30 year fixed rate mortgages (for all loan values, including both points & up-front fees in addition to origination fees) are $4,750.

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
CINCINNATI, OH-KY-IN (FHA|USDA|VA) 714 $177,550,000 $248,669 $3,700 2.91%
DAYTON-KETTERING, OH (FHA|USDA|VA) 42 $7,010,000 $166,905 $3,629 2.99%
Outside of Metro Areas 6 $1,310,000 $218,333 $3,507 2.88%
Wilmington, OH (FHA|USDA|VA) 4 $1,010,000 $252,500 $6,728 3.41%
SPRINGFIELD, OH (FHA|USDA|VA) 3 $675,000 $225,000 $5,560 2.58%
Urbana, OH (FHA|USDA|VA) 1 $165,000 $165,000 $3,333 3.25%
Greenville, OH (FHA|USDA|VA) 1 $155,000 $155,000 $4,686 2.25%

Sibcy Cline Mortgage Services 's top markets include Cincinnati, Dayton, Wilmington, Springfield, and Urbana among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 667 $165,825,000 $248,613 $3,314 2.95%
FHA 61 $11,135,000 $182,541 $6,229 2.79%
VA 38 $10,120,000 $266,316 $7,038 2.57%
USDA 5 $795,000 $159,000 $4,453 2.58%

For the 2021 period, Sibcy Cline Mortgage Services 's most frequently originated loan type of loans were Conventional, with 667 originations. Their 2nd most popular type is FHA, with 61 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Home Purchase 638 $156,510,000 $245,313 $3,859 2.96%
Refi 121 $28,185,000 $232,934 $2,897 2.68%
Cash Out Refi 12 $3,180,000 $265,000 $4,629 3.08%

For the 2021, Sibcy Cline Mortgage Services 's most frequently cited loan purpose of loans were Home Purchase, with 638 originations. The 2nd most popular reason of loans were Refi, with 121 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 697 $171,585,000 $246,176 $3,784 2.97%
15 Year 66 $14,570,000 $220,758 $3,111 2.35%
20 Year 7 $1,715,000 $245,000 $2,996 2.84%
10 Year 1 $5,000 $5,000 $0 5.50%

For the 2021, Sibcy Cline Mortgage Services 's most frequently cited loan length of loans were 30 Year, with 697 originations. The 2nd most popular length of loans were 15 Year, with 66 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$1k-2k 663 $155,715,000 $234,864
$2k-3k 59 $18,305,000 $310,254
$<1k 35 $8,965,000 $256,143
$3k-4k 14 $4,890,000 $349,286

$3,784 of loans were Sibcy Cline Mortgage Services 's average total fees, while their most frequently occuring range of origination fees were in the $1k-2k bucket, with 663 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
2.5-3% 373 $95,005,000 $254,705
3-4% 231 $49,995,000 $216,429
<2.5% 152 $40,760,000 $268,158
4-5% 14 $2,110,000 $150,714
5-6% 1 $5,000 $5,000

During 2021, Sibcy Cline Mortgage Services 's average interest rate of loans were 2.97%, while their most frequently originated rate bucket of loans were 2.5-3%, with 373 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$200k-400k 351 $96,865,000 $275,969 $3,910 2.84%
$100k-200k 281 $43,225,000 $153,826 $3,360 3.00%
$400k-600k 76 $36,620,000 $481,842 $4,314 2.76%
$100,000 or less 53 $4,005,000 $75,566 $2,920 3.17%
$600k-1MM 10 $7,160,000 $716,000 $6,351 3.08%

2021 saw Sibcy Cline Mortgage Services place emphasis on $200k-400k loans with 351 originations, totaling $96,865,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$100k-150k 186 $52,140,000 $280,323 $3,587 2.88%
$50k-75k 168 $31,770,000 $189,107 $3,718 2.89%
$75k-100k 143 $31,985,000 $223,671 $3,589 2.94%
$50k or less 127 $17,755,000 $139,803 $3,433 3.01%
$150k-250k 116 $40,760,000 $351,379 $4,291 2.86%
$250k+ 31 $13,465,000 $434,355 $4,064 2.95%

Sibcy Cline Mortgage Services lent most frequently to those with incomes in the $100k-150k range, with 186 originations. The second most popular income band? $50k-75k, with 168 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
20-30% 217 $55,275,000 $254,724 $3,507 2.87%
30-36% 150 $37,660,000 $251,067 $3,863 2.96%
<20% 80 $17,850,000 $223,125 $3,288 2.83%
37% 42 $9,110,000 $216,905 $3,711 3.03%
38% 30 $6,960,000 $232,000 $3,837 2.89%
40% 30 $7,740,000 $258,000 $3,938 3.02%
41% 30 $8,600,000 $286,667 $4,226 2.98%
39% 27 $5,765,000 $213,519 $3,384 2.95%
36% 26 $5,620,000 $216,154 $3,643 2.97%
42% 23 $6,645,000 $288,913 $3,738 2.93%
49% 21 $4,335,000 $206,429 $4,286 2.80%
44% 21 $4,675,000 $222,619 $4,680 2.93%
43% 18 $4,890,000 $271,667 $3,520 2.97%
48% 16 $3,450,000 $215,625 $4,336 2.83%
45% 12 $2,970,000 $247,500 $4,062 2.96%
46% 12 $2,070,000 $172,500 $3,968 3.09%
47% 9 $2,165,000 $240,556 $3,546 2.99%
50-60% 4 $1,300,000 $325,000 $4,405 2.88%
>60% 2 $510,000 $255,000 $2,909 2.50%

Sibcy Cline Mortgage Services lent most frequently to those with DTI ratios of 20-30%, with 217 originations. The next most common DTI ratio? 30-36%, with 150 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 676 $162,920,000 $241,006 $3,683 2.92%
Asian 36 $10,560,000 $293,333 $3,663 2.90%
Not provided 27 $7,205,000 $266,852 $4,380 2.83%
Black 30 $6,640,000 $221,333 $3,962 3.04%
Not applicable 1 $415,000 $415,000 $3,629 2.88%
Asian Indian 1 $135,000 $135,000 $4,318 2.00%

Approval Rates

Total approvals of all applications
96.13%

Sibcy Cline Mortgage Services has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

Pick Rate

Approvals leading to origination
75.30%

Sibcy Cline Mortgage Services has a below average pick rate.

Points and Fees

Points Originations Total Value Average Loan
NA 771 $187,875,000 $243,677

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
771 $187,875,000 $243,677

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 11 $1,135,000 $103,182 $2,661 2.69%
40-60% 59 $11,895,000 $201,610 $3,016 2.69%
60-80% 235 $60,175,000 $256,064 $3,316 2.97%
80-100% 454 $111,940,000 $246,564 $3,884 2.92%
Over 100% 11 $2,725,000 $247,727 $10,436 2.68%
Under 20% 1 $5,000 $5,000 $0 5.50%