Senb Bank Mortgage Rates, Fees & Info

Moline, IL

LEI: 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.

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 6.33% 3/28/24
30 Year Conventional Refi 6.27% 3/28/24
30 Year USDA Purchase 6.56% 3/28/24
15 Year Conventional Purchase 5.99% 3/28/24
15 Year Conventional Refi 5.97% 3/28/24
15 Year Cash-out Refi 5.97% 3/28/24
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






Your Estimates

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

This is not an official calculator from Senb Bank. 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

210

Origination Dollar Volume (All Markets)

$42,930,000

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
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%
Senb Bank's top markets include Davenport, Chicago, Janesville, Cape Coral, and Ocala among others.

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

    EDUCATORS CREDIT UNION
    Similarity Rank: 50
    ASCENTRA
    Similarity Rank: 60
    R.I.A. Federal Credit Union
    Similarity Rank: 99
    Rock Valley Credit Union
    Similarity Rank: 120
    ILLINOIS STATE CREDIT UNION
    Similarity Rank: 132
    GAS AND ELECTRIC CREDIT UNION
    Similarity Rank: 155
    Stillman Bank
    Similarity Rank: 171
    DuTrac Community Credit Union
    Similarity Rank: 220
    State Bank of Cross Plains
    Similarity Rank: 221
    First Community Credit Union
    Similarity Rank: 238

    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

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 172 $33,280,000 $193,488 $0 0.00%
    Refi 23 $6,785,000 $295,000 $0 0.00%
    Other 9 $615,000 $68,333 $0 0.00%
    Home Improvement 6 $2,250,000 $375,000 $0 0.00%

    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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 81 $10,995,000 $135,741 $0 0.00%
    $100,000 or less 68 $4,440,000 $65,294 $0 0.00%
    $200k-400k 37 $9,975,000 $269,595 $0 0.00%
    $400k-600k 15 $7,295,000 $486,333 $0 0.00%
    $600k-1MM 7 $4,965,000 $709,286 $0 0.00%
    $1MM+ 2 $5,260,000 $2,630,000 $0 0.00%

    2023 saw Senb Bank place emphasis on $100k-200k loans with 81 originations, totaling $10,995,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 40 $3,720,000 $93,000 $0 0.00%
    $50k-75k 39 $4,195,000 $107,564 $0 0.00%
    $150k-250k 32 $8,440,000 $263,750 $0 0.00%
    $75k-100k 31 $4,665,000 $150,484 $0 0.00%
    $100k-150k 28 $5,850,000 $208,929 $0 0.00%
    $250k+ 20 $13,120,000 $656,000 $0 0.00%

    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

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 176 $35,700,000 $202,841 $0 0.00%
    Not provided 10 $3,250,000 $325,000 $0 0.00%
    Not applicable 18 $2,670,000 $148,333 $0 0.00%
    Black 3 $865,000 $288,333 $0 0.00%
    American Indian 3 $445,000 $148,333 $0 0.00%

    Approval Rates

    Total approvals of all applications
    95.56%

    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 origination
    87.14%

    Senb Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 210 $42,930,000 $204,429

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    210 $42,930,000 $204,429