Senb Bank Mortgage Rates, Fees & Info
Moline, ILLEI: 5493007US5XO6WCOMQ49
Tax ID: 36-2440502
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Mortgage Data
Review & Overview
Senb Bank is a smaller bank specializing in Home Purchase loans. Senb Bank has a high proportion of conventional loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Davenport, Chicago, Janesville, Cape Coral, and Ocala among others. We have data for 24 markets. (Some data included below & more in-depth data is available with an active subscription.)Senb 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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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.33% | 12/16/24 |
| 30 Year Conventional Refi | 6.27% | 12/16/24 |
| 30 Year USDA Purchase | 6.56% | 12/16/24 |
| 15 Year Conventional Purchase | 5.99% | 12/16/24 |
| 15 Year Conventional Refi | 5.97% | 12/16/24 |
| 15 Year Cash-out Refi | 5.97% | 12/16/24 |
| 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. | ||
Senb Bank Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
210Origination Dollar Volume (All Markets)
$42,930,000Top 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 |
|---|---|---|---|---|---|
| DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA) | 143 | $20,965,000 | $146,608 | $0 | 0.00% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 2 | $3,760,000 | $1,880,000 | $0 | 0.00% |
| JANESVILLE-BELOIT, WI (FHA|USDA|VA) | 16 | $2,910,000 | $181,875 | $0 | 0.00% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 4 | $2,380,000 | $595,000 | $0 | 0.00% |
| OCALA, FL (FHA|USDA|VA) | 1 | $2,005,000 | $2,005,000 | $0 | 0.00% |
| ROCKFORD, IL (FHA|USDA|VA) | 14 | $1,770,000 | $126,429 | $0 | 0.00% |
| Outside of Metro Areas | 6 | $1,710,000 | $285,000 | $0 | 0.00% |
| Clinton, IA (FHA|USDA|VA) | 3 | $1,355,000 | $451,667 | $0 | 0.00% |
| Key West, FL (FHA|USDA|VA) | 2 | $1,100,000 | $550,000 | $0 | 0.00% |
| MADISON, WI (FHA|USDA|VA) | 2 | $920,000 | $460,000 | $0 | 0.00% |
| IOWA CITY, IA (FHA|USDA|VA) | 2 | $870,000 | $435,000 | $0 | 0.00% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 2 | $700,000 | $350,000 | $0 | 0.00% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $0 | 0.00% |
| PEORIA, IL (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $0 | 0.00% |
| ST. CLOUD, MN (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 0.00% |
| Sterling, IL (FHA|USDA|VA) | 2 | $250,000 | $125,000 | $0 | 0.00% |
| TUSCALOOSA, AL (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $0 | 0.00% |
| BLOOMINGTON, IL (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $0 | 0.00% |
| DUBUQUE, IA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 0.00% |
| Ottawa, IL (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $0 | 0.00% |
| Fort Madison-Keokuk, IA-IL-MO (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 0.00% |
| Burlington, IA-IL (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 0.00% |
| Muscatine, IA (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 0.00% |
| Galesburg, IL (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 0.00% |
Similar Lenders
We use machine learning to identify the top lenders compared against SENB Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
Similarity Rank: 50
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 200 | $41,860,000 | $209,300 | $0 | 0.00% |
| USDA | 10 | $1,070,000 | $107,000 | $0 | 0.00% |
For 2023, Senb Bank's most frequently originated type of loan was Conventional, with 200 originations. Their 2nd most popular type was USDA, with 10 originations.
Loan Reason
For 2023, Senb Bank's most frequently cited loan purpose was Home Purchase, with 172 originations. The 2nd most popular reason was Refi, with 23 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 210 | $42,930,000 | $204,429 | $0 | 0.00% |
For 2023, Senb Bank's most frequently cited loan duration was Other, with 210 originations.
Loan Sizing
2023 saw Senb Bank place emphasis on $100k-200k loans with 81 originations, totaling $10,995,000 in origination value.
Applicant Income
Senb Bank lent most frequently to those with incomes in the $50k or less range, with 40 originations. The second most popular income band? $50k-75k, with 39 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 210 | $42,930,000 | $204,429 | $0 | 0.00% |
Senb Bank lent most frequently to those with DTI ratios of Exempt%, with 210 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications95.56%
Senb 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 origination87.14%
Senb Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 210 | $42,930,000 | $204,429 |