Sibcy Cline Mortgage Services Rates, Fees & Info

CINCINNATI, OH

LEI: 25490039D55J3ZL21O72

Tax ID: 31-1064236

5 stars - Updated: 4/25/24 - out of 5 stars, based on 14 reviews

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Relative Rates
  • Relative Fees
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & 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. Their top markets by origination volume include: Cincinnati, Dayton, Columbus, Bellefontaine, and Wilmington among others. We have data for 7 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Sibcy Cline Mortgage Services has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Sibcy Cline Mortgage Services is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have relatively high rates.

    We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 5.91% 4/25/24
    30 Year Cash-out Refi 5.90% 4/25/24
    30 Year FHA Purchase 6.05% 4/25/24
    30 Year VA Purchase 6.31% 4/25/24
    30 Year VA Refi 6.27% 4/25/24
    30 Year USDA Purchase 6.27% 4/25/24
    15 Year Conventional Purchase 5.57% 4/25/24
    15 Year Conventional Refi 5.55% 4/25/24
    15 Year Cash-out Refi 5.55% 4/25/24
    These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

    Sibcy Cline Mortgage Services Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Sibcy Cline Mortgage Services. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

    The default purchase price is the median sales price across the US for 2022Q4, per FRED.


    Originations

    192

    Origination Dollar Volume (All Markets)

    $49,770,000
    Show all (5) awards

    Relative Rate

    Sibcy Cline Mortgage Services's average 30 year fixed mortgage rate was 6.71%.

    The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

    This yields a difference of 0.23%.

    Relative Fees (Closing Costs)

    Sibcy Cline Mortgage Services's average total fees/closing costs for a 30 year fixed rate mortgage were $4,378.

    The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $9,089.

    Top Markets

    Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.

    Market Originations Total Value Average Loan Average Fees Average Rate
    CINCINNATI, OH-KY-IN (FHA|USDA|VA) 176 $46,440,000 $263,864 $4,447 6.70%
    DAYTON-KETTERING, OH (FHA|USDA|VA) 8 $1,420,000 $177,500 $3,622 6.78%
    COLUMBUS, OH (FHA|USDA|VA) 2 $850,000 $425,000 $4,098 6.44%
    Outside of Metro Areas 3 $585,000 $195,000 $3,800 6.79%
    Bellefontaine, OH (FHA|USDA|VA) 1 $195,000 $195,000 $3,410 6.50%
    Wilmington, OH (FHA|USDA|VA) 1 $155,000 $155,000 $2,884 6.38%
    Urbana, OH (FHA|USDA|VA) 1 $125,000 $125,000 $3,066 6.88%
    Sibcy Cline Mortgage Services's top markets include Cincinnati, Dayton, Columbus, Bellefontaine, and Wilmington among others.

    Their top states include:
  • Ohio (FHA|USDA|VA)
  • Kentucky (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against SIBCY CLINE MORTGAGE SERVICES based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    The North Side Bank & Trust Company
    Similarity Rank: 168
    Minster Bank
    Similarity Rank: 324
    Forcht Bank
    Similarity Rank: 380
    Day Air Credit Union, Inc
    Similarity Rank: 391
    CINFED Federal Credit Union
    Similarity Rank: 483
    Eagle Savings Bank
    Similarity Rank: 484
    The Old Fort Banking Company
    Similarity Rank: 598
    Somerville Bank
    Similarity Rank: 600
    LCNB National Bank
    Similarity Rank: 621
    FCN Bank
    Similarity Rank: 630

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 158 $40,460,000 $256,076 $3,704 6.73%
    FHA 22 $5,730,000 $260,455 $8,186 6.52%
    VA 12 $3,580,000 $298,333 $6,222 6.68%

    For 2023, Sibcy Cline Mortgage Services's most frequently originated type of loan was Conventional, with 158 originations. Their 2nd most popular type was FHA, with 22 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 190 $49,480,000 $260,421 $4,395 6.70%
    Refi 1 $95,000 $95,000 $2,842 5.88%
    Cash Out Refi 1 $195,000 $195,000 $3,090 7.63%

    For 2023, Sibcy Cline Mortgage Services's most frequently cited loan purpose was Home Purchase, with 190 originations. The 2nd most popular reason was Refi, with 1 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 190 $49,160,000 $258,737 $4,378 6.71%
    15 Year 2 $610,000 $305,000 $4,490 6.13%

    For 2023, Sibcy Cline Mortgage Services's most frequently cited loan duration was 30 Year, with 190 originations. The 2nd most popular length was 15 Year, with 2 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 148 $36,150,000 $244,257
    $3k-4k 17 $6,065,000 $356,765
    $2k-3k 16 $4,360,000 $272,500
    $<1k 5 $1,395,000 $279,000
    $5k+ 4 $1,020,000 $255,000
    $4k-5k 2 $780,000 $390,000

    Sibcy Cline Mortgage Services's average total fees were $4,378, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 148 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 123 $31,425,000 $255,488
    7-8% 44 $12,820,000 $291,364
    5-6% 21 $4,825,000 $229,762
    Over 8% 4 $700,000 $175,000

    During 2023, Sibcy Cline Mortgage Services's average interest rate for loans was 6.71%, while their most frequently originated rate bucket for loans was 6-7%, with 123 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 100 $26,520,000 $265,200 $4,555 6.74%
    $100k-200k 65 $10,375,000 $159,615 $3,474 6.66%
    $400k-600k 19 $8,885,000 $467,632 $6,012 6.65%
    $100,000 or less 4 $300,000 $75,000 $2,775 6.22%
    $600k-1MM 3 $2,595,000 $865,000 $6,873 7.25%
    $1MM+ 1 $1,095,000 $1,095,000 $8,516 6.50%

    2023 saw Sibcy Cline Mortgage Services place emphasis on $200k-400k loans with 100 originations, totaling $26,520,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 54 $14,870,000 $275,370 $4,675 6.63%
    $50k-75k 48 $8,830,000 $183,958 $3,712 6.68%
    $150k-250k 33 $11,685,000 $354,091 $4,659 6.73%
    $75k-100k 31 $7,035,000 $226,935 $4,647 6.89%
    $50k or less 19 $2,635,000 $138,684 $3,629 6.53%
    $250k+ 7 $4,715,000 $673,571 $5,686 6.93%

    Sibcy Cline Mortgage Services lent most frequently to those with incomes in the $100k-150k range, with 54 originations. The second most popular income band? $50k-75k, with 48 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 42 $10,090,000 $240,238 $4,132 6.71%
    20-30% 39 $10,265,000 $263,205 $3,948 6.62%
    49% 12 $3,310,000 $275,833 $3,876 6.92%
    37% 11 $2,565,000 $233,182 $3,646 7.13%
    47% 10 $2,910,000 $291,000 $6,352 6.58%
    36% 10 $2,840,000 $284,000 $4,588 6.83%
    43% 9 $1,805,000 $200,556 $4,389 6.44%
    <20% 9 $2,525,000 $280,556 $3,515 6.53%
    44% 9 $2,245,000 $249,444 $4,338 6.68%
    48% 7 $2,005,000 $286,429 $5,753 6.61%
    45% 7 $1,695,000 $242,143 $3,673 6.73%
    42% 6 $1,890,000 $315,000 $4,402 6.83%
    38% 5 $1,075,000 $215,000 $5,513 6.23%
    41% 4 $1,230,000 $307,500 $4,863 6.69%
    40% 4 $1,500,000 $375,000 $6,140 7.09%
    39% 4 $870,000 $217,500 $4,261 6.84%
    46% 3 $635,000 $211,667 $6,856 6.46%
    50-60% 1 $315,000 $315,000 $3,009 7.13%

    Sibcy Cline Mortgage Services lent most frequently to those with DTI ratios of 30-36%, with 42 originations. The next most common DTI ratio? 20-30%, with 39 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 156 $40,420,000 $259,103 $4,369 6.69%
    Not provided 14 $3,490,000 $249,286 $3,998 6.87%
    Asian 9 $2,875,000 $319,444 $4,168 6.93%
    Black 10 $2,390,000 $239,000 $5,492 6.64%
    American Indian 1 $225,000 $225,000 $3,523 6.38%
    Native Hawaiian or Islander 1 $185,000 $185,000 $5,142 7.25%
    Not applicable 1 $185,000 $185,000 $3,101 5.50%

    Approval Rates

    Total approvals of all applications
    91.51%

    Sibcy Cline Mortgage Services has an average approval rate.

    Pick Rate

    Approvals leading to origination
    70.83%

    Sibcy Cline Mortgage Services has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 192 $49,770,000 $259,219

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    192 $49,770,000 $259,219

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 2 $160,000 $80,000 $2,680 6.19%
    40-60% 12 $3,680,000 $306,667 $3,595 6.70%
    60-80% 53 $12,335,000 $232,736 $3,861 6.67%
    80-100% 124 $33,180,000 $267,581 $4,615 6.73%
    Over 100% 1 $415,000 $415,000 $16,624 6.50%