Cbi Bank & Trust Mortgage Rates, Fees & Info

Muscatine, IA

LEI: 5493003X0GM1DHJIWC22

Tax ID: 42-0175400

5 stars - Updated: 12/8/24 - out of 5 stars, based on 26 reviews

Latest/2023 | 2022 Data | 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 and Refi loans. Cbi Bank & Trust has a high proportion of conventional loans. Cbi Bank & Trust has an average proportion of conventional loans. Their top markets by origination volume include: Peoria, Davenport, Muscatine, Galesburg, and Iowa City 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 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% 12/8/24
30 Year Conventional Refi 6.60% 12/8/24
30 Year Cash-out Refi 6.90% 12/8/24
30 Year FHA Purchase 6.27% 12/8/24
30 Year USDA Purchase 6.27% 12/8/24
15 Year Conventional Purchase 6.12% 12/8/24
15 Year Conventional Refi 5.74% 12/8/24
15 Year Cash-out Refi 5.74% 12/8/24
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

681

Origination Dollar Volume (All Markets)

$96,515,000

Awards

CBI Bank & Trust 30 Year Conventional Loans bronze CBI Bank & Trust 30 Year Conventional Loans gold
Show all (2) awards

Relative Rate

Cbi Bank & Trust's average 30 year fixed mortgage rate was 7.21%.

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

This yields a difference of 0.73%.

Relative Fees (Closing Costs)

Cbi Bank & Trust's average total fees/closing costs for a 30 year fixed rate mortgage were $2,654.

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
PEORIA, IL (FHA|USDA|VA) 69 $21,375,000 $309,783 $2,003 7.52%
DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA) 113 $16,735,000 $148,097 $1,750 7.61%
Muscatine, IA (FHA|USDA|VA) 143 $15,405,000 $107,727 $1,965 7.27%
Galesburg, IL (FHA|USDA|VA) 201 $14,535,000 $72,313 $1,662 7.77%
IOWA CITY, IA (FHA|USDA|VA) 75 $10,665,000 $142,200 $1,930 7.44%
Outside of Metro Areas 44 $6,860,000 $155,909 $1,448 7.65%
MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 1 $2,355,000 $2,355,000 $0 0.00%
CEDAR RAPIDS, IA (FHA|USDA|VA) 8 $1,770,000 $221,250 $2,227 7.04%
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 1 $855,000 $855,000 $0 5.38%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 2 $840,000 $420,000 $12,902 6.55%
DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) 2 $540,000 $270,000 $3,481 6.25%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 1 $535,000 $535,000 $0 7.25%
JANESVILLE-BELOIT, WI (FHA|USDA|VA) 3 $505,000 $168,333 $0 0.00%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 1 $465,000 $465,000 $0 0.00%
ST. LOUIS, MO-IL (FHA|USDA|VA) 2 $410,000 $205,000 $3,395 7.25%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 1 $335,000 $335,000 $0 7.50%
AMES, IA (FHA|USDA|VA) 1 $305,000 $305,000 $3,675 6.50%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 1 $305,000 $305,000 $0 8.00%
BLOOMINGTON, IL (FHA|USDA|VA) 1 $295,000 $295,000 $0 0.00%
OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) 1 $295,000 $295,000 $0 7.75%
JACKSONVILLE, FL (FHA|USDA|VA) 1 $255,000 $255,000 $0 0.00%
Macomb, IL (FHA|USDA|VA) 2 $220,000 $110,000 $2,266 6.94%
ROCKFORD, IL (FHA|USDA|VA) 1 $195,000 $195,000 $0 0.00%
Burlington, IA-IL (FHA|USDA|VA) 3 $195,000 $65,000 $914 7.70%
Sterling, IL (FHA|USDA|VA) 1 $135,000 $135,000 $0 0.00%
Marinette, WI-MI (FHA|USDA|VA) 1 $105,000 $105,000 $2,746 7.50%
Clinton, IA (FHA|USDA|VA) 1 $25,000 $25,000 $1 8.03%
Cbi Bank & Trust's top markets include Peoria, Davenport, Muscatine, Galesburg, and Iowa City among others.

Their top states include:
  • Illinois (FHA|USDA|VA)
  • Iowa (FHA|USDA|VA)
  • Missouri (FHA|USDA|VA)
  • Wisconsin (FHA|USDA|VA)
  • Florida (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.

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    Central Bank Illinois
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 492 $73,100,000 $148,577 $1,831 7.35%
    HELOC 145 $10,545,000 $72,724 n/a 8.19%
    Conventional 44 $12,870,000 $292,500 $0 0.00%

    For 2023, Cbi Bank & Trust's most frequently originated type of loan was Conventional, with 492 originations. Their 2nd most popular type was HELOC, with 145 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 354 $65,940,000 $186,271 $2,591 7.13%
    Refi 156 $22,110,000 $141,731 $635 7.88%
    Home Improvement 111 $5,675,000 $51,126 $321 8.11%
    Other 54 $2,200,000 $40,741 $416 7.96%
    Cash Out Refi 6 $590,000 $98,333 $3,145 7.27%

    For 2023, Cbi Bank & Trust's most frequently cited loan purpose was Home Purchase, with 354 originations. The 2nd most popular reason was Refi, with 156 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    5 Year 282 $32,960,000 $116,879 $250 7.67%
    30 Year 179 $29,505,000 $164,832 $2,654 7.21%
    Other 151 $20,275,000 $134,272 $378 7.78%
    1 Year 28 $5,750,000 $205,357 $0 8.63%
    15 Year 23 $3,085,000 $134,130 $2,349 6.43%
    20 Year 7 $685,000 $97,857 $1,990 7.27%
    3 Year 6 $4,050,000 $675,000 $420 7.09%
    10 Year 5 $205,000 $41,000 $2,267 6.48%

    For 2023, Cbi Bank & Trust's most frequently cited loan duration was 5 Year, with 282 originations. The 2nd most popular length was 30 Year, with 179 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 200 $18,860,000 $94,300
    $1k-2k 97 $14,555,000 $150,052
    $2k-3k 17 $3,035,000 $178,529
    $5k+ 2 $840,000 $420,000
    $4k-5k 1 $385,000 $385,000

    Cbi Bank & Trust's average total fees were $2,654, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 200 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    7-8% 278 $33,440,000 $120,288
    Over 8% 168 $14,060,000 $83,690
    6-7% 159 $22,365,000 $140,660
    5-6% 28 $13,320,000 $475,714
    3-4% 4 $460,000 $115,000

    During 2023, Cbi Bank & Trust's average interest rate for loans was 7.21%, while their most frequently originated rate bucket for loans was 7-8%, with 278 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 400 $18,730,000 $46,825 $1,035 7.69%
    $100k-200k 163 $23,165,000 $142,117 $2,551 7.33%
    $200k-400k 92 $25,460,000 $276,739 $2,972 7.28%
    $400k-600k 14 $6,710,000 $479,286 $3,761 7.46%
    $1MM+ 7 $18,905,000 $2,700,714 $0 6.52%
    $600k-1MM 5 $3,545,000 $709,000 $0 7.09%

    2023 saw Cbi Bank & Trust place emphasis on $100,000 or less loans with 400 originations, totaling $18,730,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 125 $15,965,000 $127,720 $1,952 7.78%
    $50k-75k 123 $10,135,000 $82,398 $1,747 7.56%
    $50k or less 105 $5,685,000 $54,143 $1,599 7.26%
    $75k-100k 82 $6,890,000 $84,024 $1,736 7.62%
    $150k-250k 78 $10,570,000 $135,513 $1,777 7.74%
    $250k+ 41 $11,945,000 $291,341 $3,471 7.39%

    Cbi Bank & Trust lent most frequently to those with incomes in the $100k-150k range, with 125 originations. The second most popular income band? $50k-75k, with 123 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 160 $14,430,000 $90,188 $1,682 7.56%
    30-36% 91 $8,845,000 $97,198 $1,640 7.59%
    <20% 60 $5,250,000 $87,500 $2,191 7.42%
    Exempt% 44 $12,870,000 $292,500 $0 0.00%
    37% 19 $2,405,000 $126,579 $1,754 7.96%
    44% 17 $1,955,000 $115,000 $2,292 7.63%
    39% 16 $990,000 $61,875 $1,087 8.37%
    36% 16 $1,530,000 $95,625 $1,762 7.67%
    41% 15 $1,405,000 $93,667 $2,250 7.60%
    43% 13 $1,805,000 $138,846 $1,991 7.65%
    42% 11 $1,065,000 $96,818 $2,095 8.08%
    38% 11 $1,805,000 $164,091 $2,426 7.36%
    40% 10 $750,000 $75,000 $1,366 7.43%
    45% 8 $950,000 $118,750 $2,092 7.89%
    50-60% 6 $540,000 $90,000 $2,693 7.77%
    46% 4 $900,000 $225,000 $2,463 7.28%
    48% 4 $450,000 $112,500 $2,410 7.44%
    >60% 3 $435,000 $145,000 $1,340 8.19%
    47% 2 $280,000 $140,000 $3,145 7.75%

    Cbi Bank & Trust lent most frequently to those with DTI ratios of 20-30%, with 160 originations. The next most common DTI ratio? 30-36%, with 91 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 538 $58,250,000 $108,271 $1,843 7.57%
    Not applicable 96 $32,480,000 $338,333 $0 7.35%
    Not provided 27 $2,165,000 $80,185 $1,385 7.59%
    Black 10 $1,780,000 $178,000 $1,870 7.83%
    Asian 5 $1,115,000 $223,000 $2,015 7.53%
    Asian Indian 1 $375,000 $375,000 $2,130 6.88%
    American Indian 3 $245,000 $81,667 $2,778 7.17%
    Native Hawaiian or Islander 1 $105,000 $105,000 $0 7.49%

    Approval Rates

    Total approvals of all applications
    87.60%

    Cbi Bank & Trust has an average approval rate.

    Pick Rate

    Approvals leading to origination
    89.72%

    Cbi Bank & Trust has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    129.0 1 $35,000 $35,000
    99.0 2 $70,000 $35,000
    Exempt 44 $12,870,000 $292,500
    NA 634 $83,540,000 $131,767

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    681 $96,515,000 $141,725

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 122 $7,650,000 $62,705 $627 7.98%
    40-60% 80 $12,020,000 $150,250 $1,654 7.11%
    60-80% 151 $32,265,000 $213,675 $2,532 7.32%
    80-100% 162 $26,220,000 $161,852 $2,495 7.28%
    Over 100% 2 $470,000 $235,000 $0 7.00%
    Under 20% 120 $5,020,000 $41,833 $326 8.00%