Petefish Skiles & Co. Mortgage Rates, Fees & Info

Virginia, IL

LEI: 549300032FNX4IOT2T93

Tax ID: 37-0461490

5 stars - Updated: 11/17/24 - out of 5 stars, based on 17 reviews

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

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  • 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

    Petefish Skiles & Co. is a smaller mortgage company specializing in Home Purchase and Refi loans. Petefish Skiles & Co. has a high proportion of conventional loans. Their top markets by origination volume include: Jacksonville, Springfield, Mount Vernon, Effingham, and St. Louis among others. We have data for 17 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Petefish Skiles & Co. has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Petefish Skiles & Co. 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.

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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.84% 11/17/24
    30 Year Conventional Refi 6.65% 11/17/24
    30 Year Cash-out Refi 6.65% 11/17/24
    30 Year USDA Purchase 7.00% 11/17/24
    15 Year Conventional Purchase 6.33% 11/17/24
    15 Year Conventional Refi 6.16% 11/17/24
    15 Year Cash-out Refi 6.16% 11/17/24
    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.

    Petefish Skiles & Co. Mortgage Calculator






    Your Estimates

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

    This is not an official calculator from Petefish Skiles & Co.. 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

    300

    Origination Dollar Volume (All Markets)

    $39,220,000
    Show all (7) awards

    Relative Rate

    Petefish Skiles & Co.'s average 30 year fixed mortgage rate was 6.79%.

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

    This yields a difference of 0.31%.

    Relative Fees (Closing Costs)

    Petefish Skiles & Co.'s average total fees/closing costs for a 30 year fixed rate mortgage were $2,646.

    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
    Outside of Metro Areas 116 $13,820,000 $119,138 $2,690 7.05%
    Jacksonville, IL (FHA|USDA|VA) 59 $7,205,000 $122,119 $1,982 6.83%
    SPRINGFIELD, IL (FHA|USDA|VA) 43 $5,775,000 $134,302 $1,855 6.64%
    Mount Vernon, IL (FHA|USDA|VA) 22 $3,070,000 $139,545 $2,751 7.10%
    Effingham, IL (FHA|USDA|VA) 16 $2,440,000 $152,500 $2,887 6.70%
    ST. LOUIS, MO-IL (FHA|USDA|VA) 8 $1,630,000 $203,750 $2,777 7.48%
    PEORIA, IL (FHA|USDA|VA) 9 $1,475,000 $163,889 $2,561 6.69%
    BLOOMINGTON, IL (FHA|USDA|VA) 5 $945,000 $189,000 $2,821 7.23%
    Centralia, IL (FHA|USDA|VA) 6 $750,000 $125,000 $2,325 7.13%
    Lincoln, IL (FHA|USDA|VA) 4 $560,000 $140,000 $2,492 6.66%
    CHAMPAIGN-URBANA, IL (FHA|USDA|VA) 4 $450,000 $112,500 $3,120 6.91%
    DANVILLE, IL (FHA|USDA|VA) 3 $265,000 $88,333 $2,558 6.79%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 1 $245,000 $245,000 $4,433 6.75%
    DECATUR, IL (FHA|USDA|VA) 1 $225,000 $225,000 $3,794 7.50%
    Ottawa, IL (FHA|USDA|VA) 1 $175,000 $175,000 $1,839 6.25%
    Taylorville, IL (FHA|USDA|VA) 1 $95,000 $95,000 $3,789 7.50%
    Charleston-Mattoon, IL (FHA|USDA|VA) 1 $95,000 $95,000 $2,743 7.13%
    Petefish Skiles & Co.'s top markets include Jacksonville, Springfield, Mount Vernon, Effingham, and St. Louis among others.

    Their top states include:
  • Illinois (FHA|USDA|VA)
  • Missouri (FHA|USDA|VA)
  • Michigan (FHA|USDA|VA)

    • Similar Lenders

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

    Dieterich Bank
    Similarity Rank: 22
    UNIVERSITY OF ILLINOIS COMMUNITY
    Similarity Rank: 45
    Ozarks Federal Savings and Loan Association
    Similarity Rank: 96
    HEARTLAND
    Similarity Rank: 117
    Prairie State Bank and Trust
    Similarity Rank: 160
    Marine Bank
    Similarity Rank: 190
    Petefish, Skiles & Co.
    Similarity Rank: 238
    1ST MIDAMERICA
    Similarity Rank: 286
    FIRST COMMUNITY
    Similarity Rank: 336
    First National Bank of Waterloo
    Similarity Rank: 340

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 243 $33,595,000 $138,251 $2,268 6.95%
    USDA 57 $5,625,000 $98,684 $3,251 6.85%

    For 2023, Petefish Skiles & Co.'s most frequently originated type of loan was Conventional, with 243 originations. Their 2nd most popular type was USDA, with 57 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 213 $27,895,000 $130,962 $2,600 6.84%
    Refi 56 $8,790,000 $156,964 $2,432 6.90%
    Cash Out Refi 23 $2,015,000 $87,609 $1,751 7.45%
    Other 8 $520,000 $65,000 $1,329 7.98%

    For 2023, Petefish Skiles & Co.'s most frequently cited loan purpose was Home Purchase, with 213 originations. The 2nd most popular reason was Refi, with 56 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 239 $32,325,000 $135,251 $2,646 6.79%
    Other 32 $2,990,000 $93,438 $1,184 8.09%
    15 Year 13 $2,095,000 $161,154 $2,101 6.58%
    3 Year 11 $1,335,000 $121,364 $0 6.61%
    10 Year 3 $225,000 $75,000 $568 7.68%
    1 Year 2 $250,000 $125,000 $1,084 7.50%

    For 2023, Petefish Skiles & Co.'s most frequently cited loan duration was 30 Year, with 239 originations. The 2nd most popular length was Other, with 32 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 175 $22,025,000 $125,857
    $1k-2k 79 $10,035,000 $127,025
    $2k-3k 17 $2,705,000 $159,118
    $3k-4k 4 $820,000 $205,000
    $4k-5k 3 $795,000 $265,000
    $5k+ 3 $865,000 $288,333

    Petefish Skiles & Co.'s average total fees were $2,646, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 175 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 158 $19,190,000 $121,456
    7-8% 90 $13,760,000 $152,889
    5-6% 32 $3,790,000 $118,438
    Over 8% 19 $2,235,000 $117,632
    4-5% 1 $245,000 $245,000

    During 2023, Petefish Skiles & Co.'s average interest rate for loans was 6.79%, while their most frequently originated rate bucket for loans was 6-7%, with 158 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 129 $8,275,000 $64,147 $2,099 6.95%
    $100k-200k 118 $16,180,000 $137,119 $2,626 6.86%
    $200k-400k 48 $12,540,000 $261,250 $2,990 7.01%
    $400k-600k 5 $2,225,000 $445,000 $2,888 7.30%

    2023 saw Petefish Skiles & Co. place emphasis on $100,000 or less loans with 129 originations, totaling $8,275,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 80 $8,780,000 $109,750 $2,490 6.76%
    $50k or less 63 $4,975,000 $78,968 $2,301 6.89%
    $100k-150k 55 $8,615,000 $156,636 $2,547 6.90%
    $75k-100k 49 $5,835,000 $119,082 $2,455 7.05%
    $150k-250k 38 $7,590,000 $199,737 $2,714 7.23%
    $250k+ 12 $3,050,000 $254,167 $2,150 7.03%

    Petefish Skiles & Co. lent most frequently to those with incomes in the $50k-75k range, with 80 originations. The second most popular income band? $50k or less, with 63 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 93 $11,185,000 $120,269 $2,591 6.75%
    30-36% 81 $10,935,000 $135,000 $2,504 7.00%
    <20% 38 $4,190,000 $110,263 $2,131 6.71%
    36% 11 $1,335,000 $121,364 $2,352 7.34%
    40% 10 $1,350,000 $135,000 $1,906 7.37%
    39% 9 $1,145,000 $127,222 $2,676 6.77%
    44% 7 $1,445,000 $206,429 $2,641 7.04%
    42% 6 $690,000 $115,000 $2,020 7.77%
    38% 6 $1,130,000 $188,333 $3,088 7.23%
    41% 6 $780,000 $130,000 $2,324 6.99%
    43% 5 $825,000 $165,000 $2,501 7.08%
    45% 4 $660,000 $165,000 $3,406 6.66%
    50-60% 4 $1,020,000 $255,000 $1,864 7.31%
    49% 3 $535,000 $178,333 $2,755 7.14%
    46% 3 $385,000 $128,333 $2,075 6.88%
    37% 3 $425,000 $141,667 $3,461 7.63%
    48% 3 $295,000 $98,333 $1,882 6.50%
    >60% 1 $115,000 $115,000 $0 6.75%
    47% 1 $65,000 $65,000 $2,154 8.40%

    Petefish Skiles & Co. lent most frequently to those with DTI ratios of 20-30%, with 93 originations. The next most common DTI ratio? 30-36%, with 81 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 293 $38,335,000 $130,836 $2,460 6.93%
    Not applicable 3 $375,000 $125,000 $0 6.75%
    Black 2 $260,000 $130,000 $1,686 7.38%
    American Indian 1 $145,000 $145,000 $4,885 7.88%
    Asian 1 $105,000 $105,000 $3,631 6.88%

    Approval Rates

    Total approvals of all applications
    78.02%

    Petefish Skiles & Co. has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    71.33%

    Petefish Skiles & Co. has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 300 $39,220,000 $130,733

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    300 $39,220,000 $130,733

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 17 $1,235,000 $72,647 $1,451 7.51%
    40-60% 26 $2,740,000 $105,385 $1,661 6.65%
    60-80% 90 $13,210,000 $146,778 $2,372 6.83%
    80-100% 157 $21,215,000 $135,127 $2,799 6.88%
    Over 100% 1 $125,000 $125,000 $3,850 7.25%
    Under 20% 9 $695,000 $77,222 $913 8.52%