Sente Mortgage Rates, Fees & Info

WILMINGTON, DE

LEI: 549300LP3GMTWS4OB353

Tax ID: 26-0402100

2.7 stars - out of 5 stars, based on 47 reviews

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

Sente Mortgage is a smaller mortgage company specializing in Home Purchase and Refi loans. Sente Mortgage 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 include Houston, San Antonio, Austin, Dallas, and Little Rock among others. Sente Mortgage has an above average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. Sente Mortgage is typically a high fee lendor.


Originations

2,185

Origination Dollar Volume (All Markets)

$598,145,000

Relative Rate

Sente Mortgage 's average 30 year fixed rate mortgage of loans were 3.28%.

The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.

This yields a difference of 0.13%.

Relative Fees

Sente Mortgage 's average total fees for a 30 year fixed rate mortgage are $6,669.

The average total origination fees for 30 year fixed rate mortgages (for all loan values, including both points & up-front fees in addition to origination fees) are $4,750.

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 508 $158,530,000 $312,067 $6,668 3.14%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 450 $127,360,000 $283,022 $6,850 3.29%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 190 $78,560,000 $413,474 $8,177 3.15%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 227 $65,225,000 $287,335 $6,325 3.24%
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) 288 $56,630,000 $196,632 $5,601 3.11%
KILLEEN-TEMPLE, TX (FHA|USDA|VA) 127 $25,905,000 $203,976 $6,412 3.37%
Outside of Metro Areas 78 $19,310,000 $247,564 $5,449 3.27%
WACO, TX (FHA|USDA|VA) 52 $11,570,000 $222,500 $6,808 3.47%
TOPEKA, KS (FHA|USDA|VA) 70 $10,840,000 $154,857 $5,174 3.24%
KANSAS CITY, MO-KS (FHA|USDA|VA) 36 $8,720,000 $242,222 $5,203 3.15%
Searcy, AR (FHA|USDA|VA) 23 $4,495,000 $195,435 $5,159 3.17%
SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) 12 $3,900,000 $325,000 $6,854 3.07%
Ottawa, KS (FHA|USDA|VA) 20 $3,170,000 $158,500 $5,261 3.19%
COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 9 $2,205,000 $245,000 $6,233 3.05%
FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 7 $1,745,000 $249,286 $4,858 2.93%
Kerrville, TX (FHA|USDA|VA) 6 $1,720,000 $286,667 $6,934 3.18%
WICHITA, KS (FHA|USDA|VA) 6 $1,150,000 $191,667 $3,598 3.19%
LAWRENCE, KS (FHA|USDA|VA) 4 $1,070,000 $267,500 $5,300 3.15%
Brenham, TX (FHA|USDA|VA) 3 $1,025,000 $341,667 $6,605 3.58%
CORPUS CHRISTI, TX (FHA|USDA|VA) 5 $1,005,000 $201,000 $4,656 3.68%
LUBBOCK, TX (FHA|USDA|VA) 5 $975,000 $195,000 $5,052 3.75%
LONGVIEW, TX (FHA|USDA|VA) 3 $945,000 $315,000 $11,589 3.12%
Fredericksburg, TX (FHA|USDA|VA) 3 $925,000 $308,333 $5,412 3.21%
Batesville, AR (FHA|USDA|VA) 5 $835,000 $167,000 $4,624 3.13%
Bay City, TX (FHA|USDA|VA) 2 $720,000 $360,000 $5,433 3.50%
Athens, TX (FHA|USDA|VA) 2 $670,000 $335,000 $6,043 2.62%
Huntsville, TX (FHA|USDA|VA) 1 $545,000 $545,000 $7,950 3.25%
WICHITA FALLS, TX (FHA|USDA|VA) 1 $545,000 $545,000 $12,119 2.99%
Atchison, KS (FHA|USDA|VA) 5 $515,000 $103,000 $4,396 3.45%
Rockport, TX (FHA|USDA|VA) 2 $500,000 $250,000 $5,549 3.43%
HOT SPRINGS, AR (FHA|USDA|VA) 2 $500,000 $250,000 $3,360 3.06%
Warrensburg, MO (FHA|USDA|VA) 3 $405,000 $135,000 $3,049 3.33%
AMARILLO, TX (FHA|USDA|VA) 1 $345,000 $345,000 $3,806 2.63%
Beeville, TX (FHA|USDA|VA) 1 $335,000 $335,000 $5,071 2.88%
Stillwater, OK (FHA|USDA|VA) 1 $325,000 $325,000 $10,912 4.00%
SHERMAN-DENISON, TX (FHA|USDA|VA) 1 $315,000 $315,000 $5,097 3.63%
Granbury, TX (FHA|USDA|VA) 1 $305,000 $305,000 $6,526 3.38%
PINE BLUFF, AR (FHA|USDA|VA) 2 $290,000 $145,000 $7,691 2.94%
Vernon, TX (FHA|USDA|VA) 2 $290,000 $145,000 $4,371 4.00%
Port Lavaca, TX (FHA|USDA|VA) 1 $265,000 $265,000 $6,673 3.13%
Russellville, AR (FHA|USDA|VA) 1 $265,000 $265,000 $2,900 3.13%
MIDLAND, TX (FHA|USDA|VA) 1 $255,000 $255,000 $6,289 2.99%
ST. JOSEPH, MO-KS (FHA|USDA|VA) 1 $245,000 $245,000 $6,883 3.63%
Hays, KS (FHA|USDA|VA) 1 $245,000 $245,000 $9,969 4.13%
Paragould, AR (FHA|USDA|VA) 1 $235,000 $235,000 $7,146 3.13%
Coffeyville, KS (FHA|USDA|VA) 1 $235,000 $235,000 $4,296 2.75%
BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) 1 $225,000 $225,000 $5,819 3.25%
El Campo, TX (FHA|USDA|VA) 2 $210,000 $105,000 $3,657 3.38%
Kingsville, TX (FHA|USDA|VA) 1 $205,000 $205,000 $5,448 2.99%
Sulphur Springs, TX (FHA|USDA|VA) 1 $195,000 $195,000 $5,016 3.63%
MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) 1 $195,000 $195,000 $7,738 2.75%
VICTORIA, TX (FHA|USDA|VA) 1 $195,000 $195,000 $6,645 2.75%
Maryville, MO (FHA|USDA|VA) 2 $180,000 $90,000 $2,566 4.38%
MONROE, LA (FHA|USDA|VA) 1 $175,000 $175,000 $4,193 3.25%
Pearsall, TX (FHA|USDA|VA) 1 $165,000 $165,000 $13,818 3.63%
Winfield, KS (FHA|USDA|VA) 1 $125,000 $125,000 $2,301 2.50%
Sweetwater, TX (FHA|USDA|VA) 1 $65,000 $65,000 $5,951 3.38%
JONESBORO, AR (FHA|USDA|VA) 1 $45,000 $45,000 $3,237 3.13%

Sente Mortgage 's top markets include Houston, San Antonio, Austin, Dallas, and Little Rock among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 1,595 $466,335,000 $292,373 $5,857 3.23%
FHA 335 $67,185,000 $200,552 $8,430 3.33%
VA 218 $59,080,000 $271,009 $7,994 2.95%
USDA 37 $5,545,000 $149,865 $5,317 3.22%

For the 2021 period, Sente Mortgage 's most frequently originated loan type of loans were Conventional, with 1,595 originations. Their 2nd most popular type is FHA, with 335 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Home Purchase 1,465 $397,175,000 $271,109 $6,934 3.25%
Refi 484 $138,470,000 $286,095 $5,208 3.02%
Cash Out Refi 236 $62,500,000 $264,831 $6,029 3.38%

For the 2021, Sente Mortgage 's most frequently cited loan purpose of loans were Home Purchase, with 1,465 originations. The 2nd most popular reason of loans were Refi, with 484 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 1,932 $539,390,000 $279,187 $6,669 3.28%
15 Year 192 $46,070,000 $239,948 $4,810 2.70%
20 Year 38 $7,980,000 $210,000 $5,080 3.16%
10 Year 18 $3,730,000 $207,222 $4,647 2.49%
Other 5 $975,000 $195,000 $4,024 3.03%

For the 2021, Sente Mortgage 's most frequently cited loan length of loans were 30 Year, with 1,932 originations. The 2nd most popular length of loans were 15 Year, with 192 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$1k-2k 1,114 $281,540,000 $252,729
$2k-3k 415 $98,085,000 $236,349
$3k-4k 340 $103,540,000 $304,529
$5k+ 229 $98,105,000 $428,406
$<1k 86 $16,680,000 $193,953

$6,669 of loans were Sente Mortgage 's average total fees, while their most frequently occuring range of origination fees were in the $1k-2k bucket, with 1,114 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
3-4% 1,289 $355,865,000 $276,078
2.5-3% 681 $190,355,000 $279,523
<2.5% 128 $34,840,000 $272,188
4-5% 87 $17,085,000 $196,379

During 2021, Sente Mortgage 's average interest rate of loans were 3.28%, while their most frequently originated rate bucket of loans were 3-4%, with 1,289 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$200k-400k 1,032 $288,760,000 $279,806 $6,820 3.20%
$100k-200k 684 $106,390,000 $155,541 $5,019 3.24%
$400k-600k 295 $143,235,000 $485,542 $8,570 3.17%
$100,000 or less 118 $9,460,000 $80,169 $3,813 3.40%
$600k-1MM 42 $32,220,000 $767,143 $10,246 3.14%
$1MM+ 14 $18,080,000 $1,291,429 $16,243 3.08%

2021 saw Sente Mortgage place emphasis on $200k-400k loans with 1,032 originations, totaling $288,760,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$50k-75k 493 $96,955,000 $196,663 $6,172 3.25%
$100k-150k 475 $139,205,000 $293,063 $6,485 3.22%
$75k-100k 392 $95,970,000 $244,821 $6,346 3.26%
$150k-250k 373 $138,565,000 $371,488 $7,231 3.20%
$50k or less 295 $44,105,000 $149,508 $5,015 3.19%
$250k+ 151 $81,645,000 $540,695 $8,525 3.10%

Sente Mortgage lent most frequently to those with incomes in the $50k-75k range, with 493 originations. The second most popular income band? $100k-150k, with 475 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
20-30% 469 $126,475,000 $269,670 $5,832 3.20%
30-36% 399 $112,465,000 $281,867 $6,389 3.22%
<20% 179 $53,435,000 $298,520 $5,834 3.05%
50-60% 103 $24,215,000 $235,097 $8,660 3.15%
40% 91 $23,745,000 $260,934 $6,270 3.29%
42% 88 $23,830,000 $270,795 $6,532 3.30%
44% 85 $22,715,000 $267,235 $7,150 3.31%
38% 84 $21,130,000 $251,548 $6,300 3.27%
49% 80 $19,510,000 $243,875 $6,866 3.29%
41% 79 $23,615,000 $298,924 $6,944 3.24%
36% 77 $23,095,000 $299,935 $7,269 3.17%
43% 77 $21,085,000 $273,831 $6,248 3.23%
39% 68 $19,490,000 $286,618 $6,314 3.32%
37% 68 $19,170,000 $281,912 $5,881 3.21%
45% 68 $19,270,000 $283,382 $6,844 3.28%
47% 61 $15,875,000 $260,246 $7,340 3.29%
48% 56 $14,900,000 $266,071 $6,452 3.24%
46% 50 $13,380,000 $267,600 $6,555 3.18%
>60% 3 $745,000 $248,333 $9,732 2.67%

Sente Mortgage lent most frequently to those with DTI ratios of 20-30%, with 469 originations. The next most common DTI ratio? 30-36%, with 399 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 1,833 $507,445,000 $276,839 $6,437 3.22%
Not provided 136 $35,110,000 $258,162 $5,902 3.10%
Asian 92 $23,380,000 $254,130 $6,342 3.19%
Black 94 $23,080,000 $245,532 $7,101 3.29%
American Indian 17 $4,465,000 $262,647 $8,748 3.18%
Asian Indian 4 $2,030,000 $507,500 $7,229 3.03%
Native Hawaiian 3 $865,000 $288,333 $8,099 3.24%
Filipino 2 $530,000 $265,000 $6,542 3.19%
Korean 1 $525,000 $525,000 $11,629 2.99%
Guamanian 1 $325,000 $325,000 $15,966 2.88%
Chinese 1 $245,000 $245,000 $3,660 2.38%
Other Asian 1 $145,000 $145,000 $4,077 3.13%

Approval Rates

Total approvals of all applications
98.83%

Sente Mortgage 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
68.14%

Sente Mortgage has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

Points and Fees

Points Originations Total Value Average Loan
NA 2,185 $598,145,000 $273,751

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
2,185 $598,145,000 $273,751

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 82 $22,090,000 $269,390 $5,999 2.98%
40-60% 218 $61,770,000 $283,349 $5,323 3.02%
60-80% 659 $197,835,000 $300,205 $6,115 3.27%
80-100% 1,157 $298,785,000 $258,241 $6,631 3.25%
Over 100% 61 $16,675,000 $273,361 $11,693 2.96%
Under 20% 8 $990,000 $123,750 $4,627 2.90%

Complaints

Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
SENTE MORTGAGE Conventional home mortgage Trouble during payment process 1 100.0%