Inb Mortgage Rates, Fees & Info

Springfield, IL

LEI: 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






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

1,219

Origination Dollar Volume (All Markets)

$441,575,000
Show all (8) awards

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%
Inb's top markets include St. Louis, Springfield, Peoria, Champaign, and Bloomington among others.

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

    Alliance Community Bank
    Similarity Rank: 45
    D.W. BROWN MORTGAGE CORP.
    Similarity Rank: 59
    First Savings Bank of Hegewisch
    Similarity Rank: 64
    First State Bank
    Similarity Rank: 90
    HEARTLAND
    Similarity Rank: 108
    Liberty Bank for Savings
    Similarity Rank: 116
    UNIVERSITY OF ILLINOIS COMMUNITY
    Similarity Rank: 162
    FINANCIAL PLUS
    Similarity Rank: 198

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,111 $421,685,000 $379,554 $2,054 5.04%
    FHA 59 $9,375,000 $158,898 $5,103 5.04%
    VA 39 $9,405,000 $241,154 $5,548 5.06%
    USDA 10 $1,110,000 $111,000 $3,390 4.49%

    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

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 946 $349,460,000 $369,408 $2,614 5.15%
    Refi 177 $80,395,000 $454,209 $1,571 4.65%
    Cash Out Refi 43 $6,255,000 $145,465 $2,445 4.51%
    Home Improvement 31 $4,155,000 $134,032 $334 4.94%
    Other 22 $1,310,000 $59,545 $477 4.87%

    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

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 703 $135,615,000 $192,909 $2,661 5.22%
    5 Year 215 $87,555,000 $407,233 $0 5.13%
    Other 124 $158,870,000 $1,281,210 $1,055 4.67%
    15 Year 94 $15,750,000 $167,553 $2,166 4.38%
    1 Year 39 $27,725,000 $710,897 $0 4.54%
    20 Year 22 $3,310,000 $150,455 $2,117 5.13%
    10 Year 18 $9,600,000 $533,333 $1,817 4.11%
    3 Year 4 $3,150,000 $787,500 $0 4.56%

    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

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 796 $148,350,000 $186,369
    $1k-2k 51 $11,765,000 $230,686
    $2k-3k 15 $3,125,000 $208,333
    $3k-4k 4 $890,000 $222,500
    $4k-5k 1 $235,000 $235,000
    $5k+ 1 $425,000 $425,000

    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

    Loan Rate Originations Total Value Average Loan
    5-6% 398 $94,760,000 $238,090
    4-5% 324 $137,860,000 $425,494
    3-4% 263 $171,785,000 $653,175
    6-7% 184 $29,740,000 $161,630
    7-8% 29 $3,865,000 $133,276
    2.5-3% 16 $2,650,000 $165,625
    <2.5% 3 $705,000 $235,000
    Over 8% 2 $210,000 $105,000

    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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 443 $28,105,000 $63,442 $1,701 5.18%
    $100k-200k 401 $59,065,000 $147,294 $2,452 5.11%
    $200k-400k 268 $74,130,000 $276,604 $2,704 4.88%
    $400k-600k 58 $27,520,000 $474,483 $3,957 4.73%
    $1MM+ 30 $239,400,000 $7,980,000 $6,175 4.64%
    $600k-1MM 19 $13,355,000 $702,895 $4,007 4.38%

    2022 saw Inb place emphasis on $100,000 or less loans with 443 originations, totaling $28,105,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 211 $28,055,000 $132,962 $2,413 5.03%
    $100k-150k 194 $41,110,000 $211,907 $2,586 5.08%
    $50k or less 188 $17,680,000 $94,043 $2,203 5.35%
    $75k-100k 175 $29,545,000 $168,829 $2,493 5.09%
    $150k-250k 128 $30,620,000 $239,219 $2,577 5.04%
    $250k+ 95 $29,205,000 $307,421 $2,700 4.78%

    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

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 207 $37,545,000 $181,377 $2,338 4.87%
    30-36% 193 $35,785,000 $185,415 $2,426 5.10%
    <20% 80 $12,030,000 $150,375 $2,053 4.65%
    44% 38 $8,050,000 $211,842 $2,845 5.41%
    45% 37 $7,915,000 $213,919 $2,272 5.43%
    41% 36 $6,510,000 $180,833 $2,181 5.25%
    36% 34 $5,400,000 $158,824 $2,237 4.87%
    42% 33 $5,735,000 $173,788 $2,402 5.32%
    38% 33 $5,905,000 $178,939 $2,265 5.25%
    40% 33 $5,785,000 $175,303 $2,317 5.76%
    43% 33 $6,465,000 $195,909 $2,352 4.74%
    47% 32 $6,450,000 $201,563 $3,094 5.14%
    39% 27 $4,635,000 $171,667 $1,993 5.16%
    48% 24 $4,040,000 $168,333 $2,756 5.13%
    49% 24 $4,700,000 $195,833 $3,524 5.25%
    37% 23 $3,795,000 $165,000 $1,961 5.28%
    50-60% 19 $4,505,000 $237,105 $4,420 5.43%
    46% 13 $3,005,000 $231,154 $1,827 5.05%
    >60% 1 $205,000 $205,000 $1,887 5.88%

    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

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 202 $262,090,000 $1,297,475 $0 4.88%
    White 796 $139,140,000 $174,799 $2,442 5.06%
    Not provided 126 $23,030,000 $182,778 $2,204 5.26%
    Asian 29 $7,005,000 $241,552 $2,609 4.58%
    Black 47 $6,675,000 $142,021 $2,911 5.15%
    Asian Indian 10 $2,170,000 $217,000 $2,308 5.03%
    Other Asian 3 $675,000 $225,000 $2,467 4.63%
    American Indian 4 $510,000 $127,500 $1,714 4.59%
    Filipino 1 $205,000 $205,000 $1,737 5.38%
    Chinese 1 $75,000 $75,000 $2,494 7.63%

    Approval Rates

    Total approvals of all applications
    94.30%

    Inb has an average approval rate.

    Pick Rate

    Approvals leading to origination
    85.73%

    Inb has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 1,219 $441,575,000 $362,244

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    1,219 $441,575,000 $362,244

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 45 $5,115,000 $113,667 $787 5.14%
    40-60% 89 $47,155,000 $529,831 $1,959 4.55%
    60-80% 368 $246,500,000 $669,837 $2,376 4.91%
    80-100% 657 $134,905,000 $205,335 $2,551 5.19%
    Over 100% 9 $2,555,000 $283,889 $11,529 4.82%
    Under 20% 50 $5,010,000 $100,200 $135 4.83%