Southerntrust Bank Mortgage Rates, Fees & Info

Goreville, IL

LEI: 5493001ONS27RG5HKB81

Tax ID: 20-2862630

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

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • 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

    Southerntrust Bank is a smaller bank specializing in Home Purchase, Home Improvement, and Refi loans. Southerntrust Bank has a high proportion of conventional loans. Their top markets by origination volume include: Carbondale, Paducah, Murray, Centralia, and Fort Madison among others. We have data for 6 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Southerntrust Bank 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.

    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.

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    Originations

    105

    Origination Dollar Volume (All Markets)

    $14,345,000

    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
    CARBONDALE-MARION, IL (FHA|USDA|VA) 89 $12,685,000 $142,528 $0 0.00%
    Outside of Metro Areas 12 $1,120,000 $93,333 $0 0.00%
    Paducah, KY-IL (FHA|USDA|VA) 1 $335,000 $335,000 $0 0.00%
    Murray, KY (FHA|USDA|VA) 1 $135,000 $135,000 $0 0.00%
    Centralia, IL (FHA|USDA|VA) 1 $45,000 $45,000 $0 0.00%
    Fort Madison-Keokuk, IA-IL-MO (FHA|USDA|VA) 1 $25,000 $25,000 $0 0.00%
    Southerntrust Bank's top markets include Carbondale, Paducah, Murray, Centralia, and Fort Madison among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 105 $14,345,000 $136,619 $0 0.00%

    For 2022, Southerntrust Bank's most frequently originated type of loan was Conventional, with 105 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 35 $4,195,000 $119,857 $0 0.00%
    Home Improvement 27 $4,025,000 $149,074 $0 0.00%
    Cash Out Refi 20 $1,800,000 $90,000 $0 0.00%
    Refi 18 $4,150,000 $230,556 $0 0.00%
    Other 5 $175,000 $35,000 $0 0.00%

    For 2022, Southerntrust Bank's most frequently cited loan purpose was Home Purchase, with 35 originations. The 2nd most popular reason was Home Improvement, with 27 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 105 $14,345,000 $136,619 $0 0.00%

    For 2022, Southerntrust Bank's most frequently cited loan duration was Other, with 105 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 59 $3,305,000 $56,017 $0 0.00%
    $100k-200k 23 $3,285,000 $142,826 $0 0.00%
    $200k-400k 19 $4,875,000 $256,579 $0 0.00%
    $600k-1MM 3 $2,445,000 $815,000 $0 0.00%
    $400k-600k 1 $435,000 $435,000 $0 0.00%

    2022 saw Southerntrust Bank place emphasis on $100,000 or less loans with 59 originations, totaling $3,305,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 16 $1,610,000 $100,625 $0 0.00%
    $75k-100k 16 $2,000,000 $125,000 $0 0.00%
    $50k or less 13 $905,000 $69,615 $0 0.00%
    $150k-250k 11 $1,655,000 $150,455 $0 0.00%
    $50k-75k 11 $755,000 $68,636 $0 0.00%
    $250k+ 5 $2,935,000 $587,000 $0 0.00%

    Southerntrust Bank lent most frequently to those with incomes in the $100k-150k range, with 16 originations. The second most popular income band? $75k-100k, with 16 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 105 $14,345,000 $136,619 $0 0.00%

    Southerntrust Bank lent most frequently to those with DTI ratios of Exempt%, with 105 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 72 $9,860,000 $136,944 $0 0.00%
    Not applicable 33 $4,485,000 $135,909 $0 0.00%

    Approval Rates

    Total approvals of all applications
    96.21%

    Southerntrust Bank 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
    87.62%

    Southerntrust Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 105 $14,345,000 $136,619

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    105 $14,345,000 $136,619