Inb Mortgage Rates, Fees & Info
Springfield, ILLEI: 549300HGDJQ37M5BE268
Tax ID: 37-0274319
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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 a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) They have a low ratio of USDA loans. Their top markets by origination volume include: St. Louis, Springfield, Peoria, Champaign, and Bloomington among others. We have data for 53 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% | 10/29/24 |
| 30 Year Conventional Refi | 6.64% | 10/29/24 |
| 30 Year Cash-out Refi | 6.80% | 10/29/24 |
| 30 Year FHA Purchase | 7.23% | 10/29/24 |
| 30 Year FHA Refi | 6.67% | 10/29/24 |
| 30 Year VA Purchase | 6.27% | 10/29/24 |
| 30 Year VA Refi | 6.27% | 10/29/24 |
| 30 Year USDA Purchase | 6.90% | 10/29/24 |
| 15 Year Conventional Purchase | 6.02% | 10/29/24 |
| 15 Year Conventional Refi | 6.05% | 10/29/24 |
| 15 Year Cash-out Refi | 6.05% | 10/29/24 |
| 15 Year FHA Purchase | 5.68% | 10/29/24 |
| 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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
1,219Origination Dollar Volume (All Markets)
$441,575,000Awards
INB - 2022
INB is a 2022 , due to their low .
For 2022, less than of lenders were eligible for this award.
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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 |
|---|---|---|---|---|---|
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 39 | $179,885,000 | $4,612,436 | $2,225 | 4.16% |
| SPRINGFIELD, IL (FHA|USDA|VA) | 521 | $93,115,000 | $178,724 | $2,304 | 5.08% |
| PEORIA, IL (FHA|USDA|VA) | 243 | $33,565,000 | $138,128 | $2,082 | 5.07% |
| CHAMPAIGN-URBANA, IL (FHA|USDA|VA) | 135 | $32,975,000 | $244,259 | $2,247 | 4.99% |
| BLOOMINGTON, IL (FHA|USDA|VA) | 48 | $16,800,000 | $350,000 | $2,285 | 5.21% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 9 | $10,685,000 | $1,187,222 | $3,566 | 5.15% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 2 | $8,990,000 | $4,495,000 | $5,339 | 5.06% |
| CARBONDALE-MARION, IL (FHA|USDA|VA) | 2 | $8,520,000 | $4,260,000 | $0 | 4.98% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 3 | $7,115,000 | $2,371,667 | $9,080 | 5.38% |
| Outside of Metro Areas | 40 | $6,340,000 | $158,500 | $2,578 | 5.23% |
| Lincoln, IL (FHA|USDA|VA) | 40 | $6,260,000 | $156,500 | $3,017 | 4.80% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 1 | $5,635,000 | $5,635,000 | $0 | 6.25% |
| Galesburg, IL (FHA|USDA|VA) | 34 | $4,040,000 | $118,824 | $2,122 | 5.60% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 3 | $3,365,000 | $1,121,667 | $3,629 | 4.17% |
| Taylorville, IL (FHA|USDA|VA) | 14 | $2,780,000 | $198,571 | $3,017 | 5.21% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 10 | $2,550,000 | $255,000 | $4,824 | 5.10% |
| PROVO-OREM, UT (FHA|USDA|VA) | 1 | $1,475,000 | $1,475,000 | $5,469 | 4.88% |
| Sevierville, TN (FHA|USDA|VA) | 3 | $1,385,000 | $461,667 | $3,704 | 4.41% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 1 | $1,345,000 | $1,345,000 | $0 | 5.00% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 2 | $1,180,000 | $590,000 | $5,938 | 5.56% |
| DECATUR, IL (FHA|USDA|VA) | 12 | $1,090,000 | $90,833 | $3,175 | 5.11% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 3 | $1,035,000 | $345,000 | $12,951 | 4.54% |
| Jacksonville, IL (FHA|USDA|VA) | 8 | $1,020,000 | $127,500 | $1,984 | 4.27% |
| THE VILLAGES, FL (FHA|USDA|VA) | 2 | $940,000 | $470,000 | $3,526 | 5.00% |
| NILES, MI (FHA|USDA|VA) | 2 | $880,000 | $440,000 | $3,219 | 5.66% |
| OSHKOSH-NEENAH, WI (FHA|USDA|VA) | 1 | $845,000 | $845,000 | $2,961 | 4.25% |
| DANVILLE, IL (FHA|USDA|VA) | 10 | $710,000 | $71,000 | $2,221 | 5.28% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 1 | $655,000 | $655,000 | $4,308 | 5.25% |
| Laramie, WY (FHA|USDA|VA) | 1 | $625,000 | $625,000 | $3,450 | 4.88% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $1,683 | 6.38% |
| COLUMBIA, MO (FHA|USDA|VA) | 2 | $430,000 | $215,000 | $0 | 4.50% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $3,395 | 3.25% |
| Nogales, AZ (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $3,550 | 3.63% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $0 | 4.25% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $8,473 | 2.75% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 2 | $310,000 | $155,000 | $2,121 | 4.75% |
| ASHEVILLE, NC (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $5,455 | 3.88% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $4,553 | 4.25% |
| PANAMA CITY, FL (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $3,397 | 4.88% |
| BATTLE CREEK, MI (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $13,138 | 6.13% |
| DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $2,474 | 6.13% |
| Fort Madison-Keokuk, IA-IL-MO (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $1,964 | 5.63% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $3,104 | 4.13% |
| Pontiac, IL (FHA|USDA|VA) | 2 | $220,000 | $110,000 | $1,842 | 4.75% |
| Charleston-Mattoon, IL (FHA|USDA|VA) | 2 | $220,000 | $110,000 | $1,799 | 4.94% |
| DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $5,420 | 5.00% |
| TOLEDO, OH (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $3,842 | 6.50% |
| Traverse City, MI (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 5.00% |
| Burlington, IA-IL (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $2,887 | 6.50% |
| PITTSBURGH, PA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $4,658 | 4.13% |
| Ottawa, IL (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $3,312 | 3.88% |
| TERRE HAUTE, IN (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 4.50% |
| Macomb, IL (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $2,002 | 5.63% |
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.
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Product Mix
For 2022, Inb's most frequently originated type of loan was Conventional, with 1,111 originations. Their 2nd most popular type was FHA, with 59 originations.
Loan Reason
For 2022, Inb's most frequently cited loan purpose was Home Purchase, with 946 originations. The 2nd most popular reason was Refi, with 177 originations.
Loan Duration/Length
For 2022, Inb's most frequently cited loan duration was 30 Year, with 703 originations. The 2nd most popular length was 5 Year, with 215 originations.
Origination Fees/Closing Costs
Inb's average total fees were $2,661, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 796 originations.
Interest Rates
During 2022, Inb's average interest rate for loans was 5.22%, while their most frequently originated rate bucket for loans was 5-6%, with 398 originations.
Loan Sizing
2022 saw Inb place emphasis on $100,000 or less loans with 443 originations, totaling $28,105,000 in origination value.
Applicant Income
Inb lent most frequently to those with incomes in the $50k-75k range, with 211 originations. The second most popular income band? $100k-150k, with 194 originations.
Applicant Debt to Income Ratio
Inb lent most frequently to those with DTI ratios of 20-30%, with 207 originations. The next most common DTI ratio? 30-36%, with 193 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications94.30%
Inb has an average approval rate.
Pick Rate
Approvals leading to origination85.73%
Inb has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 1,219 | $441,575,000 | $362,244 |