Inb Mortgage Rates, Fees & Info

Springfield, IL

LEI: 549300HGDJQ37M5BE268

Tax ID: 37-0274319

5 stars - Updated: 11/3/24 - out of 5 stars, based on 31 reviews

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

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Mortgage Data

Review & Overview

Inb is a smaller mortgage company specializing in Home Purchase loans. Inb has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Springfield, Peoria, Champaign, Miami, and Bloomington among others. We have data for 48 markets. (Some data included below & more in-depth data is available with an active subscription.)

Inb 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. Inb 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 6.83% 11/3/24
30 Year Conventional Refi 6.64% 11/3/24
30 Year Cash-out Refi 6.80% 11/3/24
30 Year FHA Purchase 7.23% 11/3/24
30 Year FHA Refi 6.67% 11/3/24
30 Year VA Purchase 6.27% 11/3/24
30 Year VA Refi 6.27% 11/3/24
30 Year USDA Purchase 6.90% 11/3/24
15 Year Conventional Purchase 6.02% 11/3/24
15 Year Conventional Refi 6.05% 11/3/24
15 Year Cash-out Refi 6.05% 11/3/24
15 Year FHA Purchase 5.68% 11/3/24
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.

Inb Mortgage Calculator






Your Estimates

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

This is not an official calculator from Inb. 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

972

Origination Dollar Volume (All Markets)

$182,960,000
Show all (8) awards

Relative Rate

Inb's average 30 year fixed mortgage rate was 6.88%.

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

This yields a difference of 0.4%.

Relative Fees (Closing Costs)

Inb's average total fees/closing costs for a 30 year fixed rate mortgage were $3,036.

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
SPRINGFIELD, IL (FHA|USDA|VA) 464 $82,750,000 $178,341 $2,743 7.01%
PEORIA, IL (FHA|USDA|VA) 184 $25,320,000 $137,609 $2,526 7.07%
CHAMPAIGN-URBANA, IL (FHA|USDA|VA) 75 $11,245,000 $149,933 $2,354 7.10%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 4 $10,830,000 $2,707,500 $4,694 6.73%
BLOOMINGTON, IL (FHA|USDA|VA) 43 $8,215,000 $191,047 $2,588 7.03%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 5 $6,175,000 $1,235,000 $7,374 7.65%
Outside of Metro Areas 28 $4,840,000 $172,857 $3,278 6.86%
Lincoln, IL (FHA|USDA|VA) 23 $3,825,000 $166,304 $2,848 6.89%
Galesburg, IL (FHA|USDA|VA) 29 $3,495,000 $120,517 $2,529 6.88%
KILLEEN-TEMPLE, TX (FHA|USDA|VA) 1 $2,505,000 $2,505,000 $0 6.90%
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 2 $2,320,000 $1,160,000 $2,851 6.20%
ST. LOUIS, MO-IL (FHA|USDA|VA) 12 $2,080,000 $173,333 $2,056 7.10%
DECATUR, IL (FHA|USDA|VA) 28 $1,780,000 $63,571 $2,354 7.44%
Key West, FL (FHA|USDA|VA) 1 $1,755,000 $1,755,000 $10,116 6.50%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 4 $1,700,000 $425,000 $3,958 7.20%
Taylorville, IL (FHA|USDA|VA) 12 $1,480,000 $123,333 $2,997 6.76%
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 1 $1,325,000 $1,325,000 $0 6.19%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 5 $1,265,000 $253,000 $4,504 6.98%
Jacksonville, IL (FHA|USDA|VA) 9 $1,125,000 $125,000 $4,490 6.88%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 1 $1,105,000 $1,105,000 $0 7.56%
COLORADO SPRINGS, CO (FHA|USDA|VA) 1 $725,000 $725,000 $2,453 7.38%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 3 $725,000 $241,667 $3,532 6.71%
DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA) 5 $595,000 $119,000 $3,781 6.63%
KANSAS CITY, MO-KS (FHA|USDA|VA) 2 $540,000 $270,000 $0 7.60%
Effingham, IL (FHA|USDA|VA) 1 $445,000 $445,000 $3,045 5.75%
MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 2 $440,000 $220,000 $2,524 6.75%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 1 $415,000 $415,000 $2,794 6.00%
Ottawa, IL (FHA|USDA|VA) 2 $340,000 $170,000 $2,356 6.69%
DANVILLE, IL (FHA|USDA|VA) 4 $330,000 $82,500 $3,205 7.06%
Holland, MI (FHA|USDA|VA) 1 $315,000 $315,000 $3,054 6.50%
COLUMBIA, MO (FHA|USDA|VA) 1 $315,000 $315,000 $0 7.50%
LINCOLN, NE (FHA|USDA|VA) 1 $245,000 $245,000 $2,337 6.50%
HUNTSVILLE, AL (FHA|USDA|VA) 1 $245,000 $245,000 $7,733 6.13%
PUNTA GORDA, FL (FHA|USDA|VA) 1 $235,000 $235,000 $3,753 6.50%
Dixon, IL (FHA|USDA|VA) 1 $225,000 $225,000 $6,744 5.25%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 1 $225,000 $225,000 $4,680 7.13%
WARNER ROBINS, GA (FHA|USDA|VA) 1 $195,000 $195,000 $0 7.50%
Beaver Dam, WI (FHA|USDA|VA) 1 $185,000 $185,000 $4,498 7.75%
WATERTOWN-FORT DRUM, NY (FHA|USDA|VA) 1 $185,000 $185,000 $8,602 6.75%
Pontiac, IL (FHA|USDA|VA) 1 $165,000 $165,000 $2,089 6.63%
Charleston-Mattoon, IL (FHA|USDA|VA) 1 $145,000 $145,000 $2,524 7.75%
Macomb, IL (FHA|USDA|VA) 1 $145,000 $145,000 $2,468 7.13%
ROCKFORD, IL (FHA|USDA|VA) 1 $105,000 $105,000 $3,219 5.63%
LEXINGTON-FAYETTE, KY (FHA|USDA|VA) 1 $105,000 $105,000 $2,466 7.88%
CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 2 $100,000 $50,000 $0 6.81%
BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 1 $55,000 $55,000 $0 7.88%
Fort Madison-Keokuk, IA-IL-MO (FHA|USDA|VA) 1 $55,000 $55,000 $2,548 6.13%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 1 $25,000 $25,000 $2,290 9.00%
Inb's top markets include Springfield, Peoria, Champaign, Miami, and Bloomington among others.

Their top states include:
  • Illinois (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)
  • New York (FHA|USDA|VA)
  • Missouri (FHA|USDA|VA)
  • Similar Lenders

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

    UNIVERSITY OF ILLINOIS COMMUNITY
    Similarity Rank: 45
    First Savings Bank of Hegewisch
    Similarity Rank: 46
    Petefish, Skiles & Co.
    Similarity Rank: 102
    HEARTLAND
    Similarity Rank: 117
    Prairie State Bank and Trust
    Similarity Rank: 128
    Marine Bank
    Similarity Rank: 190
    IAA Credit Union
    Similarity Rank: 203
    Bank of Pontiac
    Similarity Rank: 266

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 848 $160,160,000 $188,868 $2,212 7.10%
    FHA 77 $12,235,000 $158,896 $5,319 6.47%
    VA 43 $10,025,000 $233,140 $5,683 6.45%
    USDA 4 $540,000 $135,000 $3,836 6.72%

    For 2023, Inb's most frequently originated type of loan was Conventional, with 848 originations. Their 2nd most popular type was FHA, with 77 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 807 $158,215,000 $196,053 $2,972 6.94%
    Refi 89 $18,355,000 $206,236 $1,662 7.38%
    Home Improvement 36 $2,870,000 $79,722 $513 7.28%
    Other 28 $1,770,000 $63,214 $470 7.65%
    Cash Out Refi 12 $1,750,000 $145,833 $2,499 7.30%

    For 2023, Inb's most frequently cited loan purpose was Home Purchase, with 807 originations. The 2nd most popular reason was Refi, with 89 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 610 $117,800,000 $193,115 $3,036 6.88%
    5 Year 163 $28,225,000 $173,160 $458 7.34%
    Other 83 $11,245,000 $135,482 $978 7.51%
    1 Year 55 $10,505,000 $191,000 $0 7.38%
    15 Year 44 $9,120,000 $207,273 $2,470 6.47%
    20 Year 9 $1,955,000 $217,222 $2,895 6.68%
    3 Year 4 $3,250,000 $812,500 $0 7.30%
    10 Year 4 $860,000 $215,000 $2,124 6.30%

    For 2023, Inb's most frequently cited loan duration was 30 Year, with 610 originations. The 2nd most popular length was 5 Year, with 163 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 626 $120,690,000 $192,796
    $1k-2k 44 $8,340,000 $189,545
    $2k-3k 10 $2,160,000 $216,000
    $4k-5k 3 $985,000 $328,333
    $5k+ 3 $985,000 $328,333
    $3k-4k 2 $420,000 $210,000

    Inb's average total fees were $3,036, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 626 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 441 $96,595,000 $219,036
    7-8% 434 $66,950,000 $154,263
    5-6% 66 $12,020,000 $182,121
    Over 8% 30 $7,140,000 $238,000
    4-5% 1 $255,000 $255,000

    During 2023, Inb's average interest rate for loans was 6.88%, while their most frequently originated rate bucket for loans was 6-7%, with 441 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 363 $53,025,000 $146,074 $2,787 6.89%
    $100,000 or less 330 $18,660,000 $56,545 $1,782 7.23%
    $200k-400k 224 $61,590,000 $274,955 $3,447 6.96%
    $400k-600k 29 $13,355,000 $460,517 $2,714 6.85%
    $600k-1MM 14 $10,400,000 $742,857 $3,188 6.93%
    $1MM+ 12 $25,930,000 $2,160,833 $8,227 6.86%

    2023 saw Inb place emphasis on $100k-200k loans with 363 originations, totaling $53,025,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 174 $25,620,000 $147,241 $2,669 6.82%
    $100k-150k 160 $29,550,000 $184,688 $2,963 7.22%
    $50k or less 151 $13,835,000 $91,623 $2,289 6.74%
    $75k-100k 140 $23,340,000 $166,714 $3,213 6.89%
    $150k-250k 104 $25,760,000 $247,692 $2,776 7.12%
    $250k+ 95 $29,215,000 $307,526 $3,203 7.12%

    Inb lent most frequently to those with incomes in the $50k-75k range, with 174 originations. The second most popular income band? $100k-150k, with 160 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 140 $26,900,000 $192,143 $2,510 6.98%
    30-36% 126 $20,920,000 $166,032 $2,411 6.99%
    42% 38 $6,020,000 $158,421 $2,324 6.91%
    38% 35 $5,905,000 $168,714 $3,087 6.93%
    <20% 32 $5,240,000 $163,750 $2,448 6.98%
    47% 32 $6,600,000 $206,250 $2,907 6.98%
    49% 32 $7,080,000 $221,250 $2,881 7.01%
    44% 31 $5,595,000 $180,484 $2,580 6.83%
    46% 30 $7,200,000 $240,000 $2,677 6.84%
    39% 29 $5,775,000 $199,138 $2,681 6.84%
    37% 29 $4,565,000 $157,414 $3,063 6.82%
    40% 28 $4,970,000 $177,500 $2,731 6.90%
    45% 27 $5,075,000 $187,963 $3,051 6.76%
    36% 27 $4,245,000 $157,222 $3,087 6.84%
    43% 27 $6,435,000 $238,333 $2,490 6.81%
    48% 26 $5,090,000 $195,769 $3,204 7.00%
    50-60% 23 $4,885,000 $212,391 $6,186 6.70%
    41% 22 $3,960,000 $180,000 $2,946 6.83%
    >60% 3 $505,000 $168,333 $1,675 7.29%

    Inb lent most frequently to those with DTI ratios of 20-30%, with 140 originations. The next most common DTI ratio? 30-36%, with 126 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 649 $116,575,000 $179,622 $2,781 6.94%
    Not applicable 137 $33,935,000 $247,701 $0 7.35%
    Not provided 78 $14,930,000 $191,410 $2,898 7.05%
    Asian 29 $6,975,000 $240,517 $2,525 6.84%
    Black 62 $6,650,000 $107,258 $3,088 7.15%
    Asian Indian 11 $2,675,000 $243,182 $2,116 7.05%
    Korean 1 $515,000 $515,000 $2,706 5.63%
    American Indian 3 $315,000 $105,000 $2,146 7.08%
    Chinese 1 $295,000 $295,000 $1,511 7.50%
    Vietnamese 1 $95,000 $95,000 $3,039 6.50%

    Approval Rates

    Total approvals of all applications
    93.79%

    Inb has an average approval rate.

    Pick Rate

    Approvals leading to origination
    85.70%

    Inb has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 972 $182,960,000 $188,230

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    972 $182,960,000 $188,230

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 44 $8,060,000 $183,182 $1,543 7.19%
    40-60% 67 $20,615,000 $307,687 $2,439 7.10%
    60-80% 268 $46,270,000 $172,649 $2,575 7.20%
    80-100% 542 $104,280,000 $192,399 $3,020 6.87%
    Over 100% 7 $1,525,000 $217,857 $9,318 6.79%
    Under 20% 44 $2,210,000 $50,227 $71 7.58%