Cbi Bank & Trust Mortgage Rates, Fees & Info

Muscatine, IA

LEI: 5493003X0GM1DHJIWC22

Tax ID: 42-0175400

5 stars - Updated: 2/19/24 - out of 5 stars, based on 25 reviews

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

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Mortgage Data

Review & Overview

Cbi Bank & Trust is a smaller bank specializing in Home Purchase loans. Cbi Bank & Trust has a high proportion of conventional loans. Their top markets by origination volume include: Iowa City, Muscatine, Galesburg, Peoria, and Davenport among others. We have data for 27 markets. (Some data included below & more in-depth data is available with an active subscription.)

Cbi Bank & Trust 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. Cbi Bank & Trust 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 6.85% 2/19/24
30 Year Conventional Refi 6.60% 2/19/24
30 Year Cash-out Refi 6.90% 2/19/24
30 Year FHA Purchase 6.27% 2/19/24
30 Year USDA Purchase 6.27% 2/19/24
15 Year Conventional Purchase 6.12% 2/19/24
15 Year Conventional Refi 5.74% 2/19/24
15 Year Cash-out Refi 5.74% 2/19/24
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.

Cbi Bank & Trust Mortgage Calculator






Your Estimates

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

This is not an official calculator from Cbi Bank & Trust. 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

602

Origination Dollar Volume (All Markets)

$100,310,000
Show all (5) awards

Relative Rate

Cbi Bank & Trust's average 30 year fixed mortgage rate was 5.33%.

The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.

This yields a difference of 0.57%.

Relative Fees (Closing Costs)

Cbi Bank & Trust's average total fees/closing costs for a 30 year fixed rate mortgage were $2,465.

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 $4,750.

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
IOWA CITY, IA (FHA|USDA|VA) 80 $18,330,000 $229,125 $1,996 5.20%
Muscatine, IA (FHA|USDA|VA) 124 $17,380,000 $140,161 $2,017 5.41%
Galesburg, IL (FHA|USDA|VA) 181 $17,035,000 $94,116 $2,040 5.49%
PEORIA, IL (FHA|USDA|VA) 72 $13,560,000 $188,333 $2,263 5.23%
DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA) 71 $11,985,000 $168,803 $2,089 5.17%
CHAMPAIGN-URBANA, IL (FHA|USDA|VA) 1 $10,605,000 $10,605,000 $0 3.75%
Outside of Metro Areas 34 $3,610,000 $106,176 $1,996 5.27%
CEDAR RAPIDS, IA (FHA|USDA|VA) 12 $1,790,000 $149,167 $2,652 5.28%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 2 $620,000 $310,000 $11,216 5.94%
Burlington, IA-IL (FHA|USDA|VA) 4 $580,000 $145,000 $1,881 5.45%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 1 $495,000 $495,000 $0 5.25%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 1 $445,000 $445,000 $0 5.13%
SPRINGFIELD, IL (FHA|USDA|VA) 2 $420,000 $210,000 $2,136 4.43%
DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) 2 $330,000 $165,000 $0 6.25%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 1 $325,000 $325,000 $5,712 6.00%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 1 $325,000 $325,000 $6,002 5.88%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 1 $315,000 $315,000 $3,359 3.13%
OKLAHOMA CITY, OK (FHA|USDA|VA) 1 $285,000 $285,000 $0 6.00%
Ottumwa, IA (FHA|USDA|VA) 1 $245,000 $245,000 $0 3.50%
BLOOMINGTON, IL (FHA|USDA|VA) 2 $230,000 $115,000 $2,432 5.81%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 1 $225,000 $225,000 $2,276 4.13%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 1 $225,000 $225,000 $3,650 5.25%
Clinton, IA (FHA|USDA|VA) 1 $215,000 $215,000 $4,240 6.50%
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 1 $205,000 $205,000 $2,669 3.25%
Macomb, IL (FHA|USDA|VA) 2 $190,000 $95,000 $2,188 4.00%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 1 $175,000 $175,000 $0 4.13%
OCALA, FL (FHA|USDA|VA) 1 $165,000 $165,000 $0 7.13%
Cbi Bank & Trust's top markets include Iowa City, Muscatine, Galesburg, Peoria, and Davenport among others.

Their top states include:
  • Illinois (FHA|USDA|VA)
  • Iowa (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)
  • Arizona (FHA|USDA|VA)
  • Similar Lenders

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

    Marine Bank
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    GAS AND ELECTRIC CREDIT UNION
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 602 $100,310,000 $166,628 $2,124 5.33%

    For 2022, Cbi Bank & Trust's most frequently originated type of loan was Conventional, with 602 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 396 $80,650,000 $203,662 $2,393 5.34%
    Refi 130 $12,870,000 $99,000 $1,193 5.31%
    Cash Out Refi 28 $4,280,000 $152,857 $2,957 4.86%
    Home Improvement 26 $1,390,000 $53,462 $493 5.45%
    Other 22 $1,120,000 $50,909 $867 5.73%

    For 2022, Cbi Bank & Trust's most frequently cited loan purpose was Home Purchase, with 396 originations. The 2nd most popular reason was Refi, with 130 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 257 $45,135,000 $175,623 $2,465 5.33%
    5 Year 171 $25,145,000 $147,047 $263 5.39%
    Other 90 $18,770,000 $208,556 $305 5.80%
    15 Year 43 $5,605,000 $130,349 $2,663 4.47%
    1 Year 13 $1,645,000 $126,538 $0 5.93%
    10 Year 13 $2,275,000 $175,000 $2,082 4.17%
    3 Year 8 $640,000 $80,000 $436 5.31%
    20 Year 7 $1,095,000 $156,429 $2,948 4.42%

    For 2022, Cbi Bank & Trust's most frequently cited loan duration was 30 Year, with 257 originations. The 2nd most popular length was 5 Year, with 171 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 248 $33,110,000 $133,508
    $1k-2k 96 $17,470,000 $181,979
    $2k-3k 20 $4,070,000 $203,500
    $3k-4k 4 $870,000 $217,500
    $4k-5k 3 $1,225,000 $408,333
    $5k+ 1 $245,000 $245,000

    Cbi Bank & Trust's average total fees were $2,465, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 248 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 237 $35,345,000 $149,135
    4-5% 133 $21,485,000 $161,541
    6-7% 103 $11,155,000 $108,301
    3-4% 73 $25,115,000 $344,041
    7-8% 38 $4,170,000 $109,737
    2.5-3% 12 $2,060,000 $171,667
    <2.5% 5 $755,000 $151,000
    Over 8% 1 $225,000 $225,000

    During 2022, Cbi Bank & Trust's average interest rate for loans was 5.33%, while their most frequently originated rate bucket for loans was 5-6%, with 237 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 293 $15,775,000 $53,840 $1,546 5.51%
    $100k-200k 165 $23,835,000 $144,455 $2,364 5.23%
    $200k-400k 109 $29,645,000 $271,972 $2,673 5.11%
    $400k-600k 23 $10,735,000 $466,739 $3,579 5.07%
    $600k-1MM 8 $5,490,000 $686,250 $2,346 5.03%
    $1MM+ 4 $14,830,000 $3,707,500 $0 4.11%

    2022 saw Cbi Bank & Trust place emphasis on $100,000 or less loans with 293 originations, totaling $15,775,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 116 $18,900,000 $162,931 $2,200 5.34%
    $50k or less 99 $6,215,000 $62,778 $1,812 5.60%
    $50k-75k 88 $9,040,000 $102,727 $2,030 5.35%
    $75k-100k 75 $10,645,000 $141,933 $2,335 5.42%
    $150k-250k 70 $13,590,000 $194,143 $2,049 5.11%
    $250k+ 39 $9,165,000 $235,000 $2,928 5.30%

    Cbi Bank & Trust lent most frequently to those with incomes in the $100k-150k range, with 116 originations. The second most popular income band? $50k or less, with 99 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 112 $14,990,000 $133,839 $2,183 5.39%
    <20% 79 $10,995,000 $139,177 $2,124 4.99%
    30-36% 70 $9,540,000 $136,286 $1,872 5.21%
    41% 16 $2,710,000 $169,375 $2,482 5.01%
    42% 14 $1,850,000 $132,143 $2,623 5.43%
    37% 14 $2,480,000 $177,143 $2,350 5.82%
    43% 13 $1,915,000 $147,308 $2,199 5.80%
    39% 12 $2,610,000 $217,500 $2,291 6.07%
    36% 10 $1,300,000 $130,000 $1,938 4.72%
    40% 9 $1,455,000 $161,667 $2,317 6.07%
    49% 8 $1,600,000 $200,000 $2,158 5.53%
    38% 8 $1,710,000 $213,750 $1,970 5.09%
    44% 8 $700,000 $87,500 $1,604 5.71%
    45% 7 $1,375,000 $196,429 $2,374 4.88%
    48% 7 $1,275,000 $182,143 $2,012 4.78%
    50-60% 7 $1,315,000 $187,857 $1,726 5.93%
    46% 6 $1,150,000 $191,667 $1,959 4.73%
    47% 6 $500,000 $83,333 $2,210 5.13%
    >60% 2 $320,000 $160,000 $375 6.65%

    Cbi Bank & Trust lent most frequently to those with DTI ratios of 20-30%, with 112 originations. The next most common DTI ratio? <20%, with 79 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 472 $66,320,000 $140,508 $2,103 5.33%
    Not applicable 94 $28,100,000 $298,936 $0 5.14%
    Not provided 17 $3,045,000 $179,118 $1,873 5.77%
    Asian 4 $1,300,000 $325,000 $6,552 5.03%
    Black 12 $1,240,000 $103,333 $2,345 6.15%
    American Indian 3 $305,000 $101,667 $2,278 6.13%

    Approval Rates

    Total approvals of all applications
    90.96%

    Cbi Bank & Trust has an average approval rate.

    Pick Rate

    Approvals leading to origination
    87.04%

    Cbi Bank & Trust has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    99.0 1 $15,000 $15,000
    NA 601 $100,295,000 $166,880

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    602 $100,310,000 $166,628

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 57 $4,545,000 $79,737 $1,099 5.63%
    40-60% 81 $10,905,000 $134,630 $2,143 5.27%
    60-80% 201 $36,265,000 $180,423 $2,568 5.17%
    80-100% 203 $45,265,000 $222,980 $2,363 5.30%
    Under 20% 60 $3,330,000 $55,500 $338 5.77%