Sente Mortgage Rates, Fees & Info

WILMINGTON, DE

LEI: 549300LP3GMTWS4OB353

Tax ID: 26-0402100

2.5 stars - Updated: 6/9/24 - out of 5 stars, based on 26 reviews

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

Jump to:

Mortgage Data

Review & Overview

Sente Mortgage is a smaller mortgage company specializing in Home Purchase 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 by origination volume include: Houston, San Antonio, Dallas, Little Rock, and Austin among others. We have data for 45 markets. (Some data included below & more in-depth data is available with an active subscription.)

Sente Mortgage 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. Sente Mortgage is typically a high 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 6.98% 6/9/24
30 Year Conventional Refi 6.67% 6/9/24
30 Year Cash-out Refi 7.00% 6/9/24
30 Year FHA Purchase 7.79% 6/9/24
30 Year FHA Refi 7.38% 6/9/24
30 Year VA Purchase 6.60% 6/9/24
30 Year VA Refi 6.40% 6/9/24
30 Year USDA Purchase 7.14% 6/9/24
15 Year Conventional Purchase 6.36% 6/9/24
15 Year Conventional Refi 6.39% 6/9/24
15 Year Cash-out Refi 6.39% 6/9/24
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.

Sente Mortgage Mortgage Calculator






Your Estimates

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

This is not an official calculator from Sente Mortgage. 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

679

Origination Dollar Volume (All Markets)

$215,955,000

Relative Rate

Sente Mortgage's average 30 year fixed mortgage rate was 6.91%.

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

This yields a difference of 0.43%.

Relative Fees (Closing Costs)

Sente Mortgage's average total fees/closing costs for a 30 year fixed rate mortgage were $10,272.

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
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 136 $55,930,000 $411,250 $10,001 6.93%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 128 $44,770,000 $349,766 $12,194 6.73%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 92 $31,590,000 $343,370 $10,231 6.88%
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) 125 $27,905,000 $223,240 $8,208 6.98%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 28 $12,720,000 $454,286 $12,686 7.03%
Outside of Metro Areas 22 $5,610,000 $255,000 $9,244 6.92%
Stillwater, OK (FHA|USDA|VA) 19 $4,485,000 $236,053 $10,992 7.15%
KILLEEN-TEMPLE, TX (FHA|USDA|VA) 17 $4,205,000 $247,353 $9,213 6.57%
SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) 7 $3,515,000 $502,143 $13,955 6.46%
TULSA, OK (FHA|USDA|VA) 15 $3,095,000 $206,333 $10,329 6.78%
Searcy, AR (FHA|USDA|VA) 16 $2,950,000 $184,375 $7,551 6.93%
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 9 $2,935,000 $326,111 $10,913 7.11%
Fredericksburg, TX (FHA|USDA|VA) 2 $1,270,000 $635,000 $14,955 7.18%
Huntsville, TX (FHA|USDA|VA) 3 $1,255,000 $418,333 $6,589 7.41%
OKLAHOMA CITY, OK (FHA|USDA|VA) 8 $1,200,000 $150,000 $8,945 7.06%
ABILENE, TX (FHA|USDA|VA) 2 $1,190,000 $595,000 $24,050 6.94%
JONESBORO, AR (FHA|USDA|VA) 6 $1,130,000 $188,333 $6,601 7.48%
Blytheville, AR (FHA|USDA|VA) 7 $1,065,000 $152,143 $6,296 7.57%
Minden, LA (FHA|USDA|VA) 2 $950,000 $475,000 $8,905 6.94%
COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 2 $790,000 $395,000 $21,574 6.81%
FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 3 $685,000 $228,333 $6,578 7.04%
Brenham, TX (FHA|USDA|VA) 2 $510,000 $255,000 $5,447 6.69%
Dodge City, KS (FHA|USDA|VA) 1 $485,000 $485,000 $20,110 6.99%
Paragould, AR (FHA|USDA|VA) 3 $465,000 $155,000 $6,186 7.71%
Ponca City, OK (FHA|USDA|VA) 1 $425,000 $425,000 $14,012 6.75%
TYLER, TX (FHA|USDA|VA) 2 $420,000 $210,000 $9,898 5.94%
NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 1 $395,000 $395,000 $9,849 7.38%
Athens, TX (FHA|USDA|VA) 1 $385,000 $385,000 $9,653 7.75%
AMARILLO, TX (FHA|USDA|VA) 2 $360,000 $180,000 $4,058 7.50%
FORT SMITH, AR-OK (FHA|USDA|VA) 1 $315,000 $315,000 $10,907 6.75%
BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) 1 $315,000 $315,000 $5,871 7.75%
Bartlesville, OK (FHA|USDA|VA) 1 $315,000 $315,000 $16,349 6.12%
LONGVIEW, TX (FHA|USDA|VA) 1 $275,000 $275,000 $7,623 6.88%
Greenwood, SC (FHA|USDA|VA) 1 $275,000 $275,000 $7,667 7.13%
CORPUS CHRISTI, TX (FHA|USDA|VA) 2 $250,000 $125,000 $5,839 7.25%
Batesville, AR (FHA|USDA|VA) 1 $215,000 $215,000 $7,482 6.63%
MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) 1 $195,000 $195,000 $6,175 6.25%
BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) 1 $155,000 $155,000 $0 7.13%
Weatherford, OK (FHA|USDA|VA) 1 $155,000 $155,000 $10,739 6.99%
Shawnee, OK (FHA|USDA|VA) 1 $145,000 $145,000 $9,616 6.63%
Forrest City, AR (FHA|USDA|VA) 1 $135,000 $135,000 $6,868 7.25%
Russellville, AR (FHA|USDA|VA) 1 $135,000 $135,000 $4,957 7.13%
Lufkin, TX (FHA|USDA|VA) 1 $135,000 $135,000 $5,176 6.38%
Coffeyville, KS (FHA|USDA|VA) 1 $135,000 $135,000 $9,789 6.50%
Chillicothe, OH (FHA|USDA|VA) 1 $115,000 $115,000 $6,266 7.00%
Sente Mortgage's top markets include Houston, San Antonio, Dallas, Little Rock, and Austin among others.

Their top states include:
  • Texas (FHA|USDA|VA)
  • Arkansas (FHA|USDA|VA)
  • Oklahoma (FHA|USDA|VA)
  • Louisiana (FHA|USDA|VA)
  • South Carolina (FHA|USDA|VA)
  • Similar Lenders

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

    CoreFirst Bank & Trust
    Similarity Rank: 90
    Bank of the Flint Hills
    Similarity Rank: 120
    PIERREMONT MORTGAGE, INC.
    Similarity Rank: 132
    Azura Credit Union
    Similarity Rank: 140
    Envista Credit Union
    Similarity Rank: 198
    HOMEAMERICAN MORTGAGE CORPORATION
    Similarity Rank: 220
    AMOCO
    Similarity Rank: 258
    MAINSTREET FEDERAL CREDIT UNION
    Similarity Rank: 280
    Home Federal Bank
    Similarity Rank: 340
    GIBRALTAR MORTGAGE SERVICES, LLC
    Similarity Rank: 360

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 372 $133,800,000 $359,677 $8,803 7.03%
    FHA 195 $47,955,000 $245,923 $11,815 6.79%
    VA 96 $31,920,000 $332,500 $11,805 6.68%
    USDA 16 $2,280,000 $142,500 $7,057 6.98%

    For 2023, Sente Mortgage's most frequently originated type of loan was Conventional, with 372 originations. Their 2nd most popular type was FHA, with 195 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 569 $173,615,000 $305,123 $9,978 6.92%
    Refi 82 $34,550,000 $421,341 $10,561 6.82%
    Cash Out Refi 28 $7,790,000 $278,214 $10,656 6.93%

    For 2023, Sente Mortgage's most frequently cited loan purpose was Home Purchase, with 569 originations. The 2nd most popular reason was Refi, with 82 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 657 $211,335,000 $321,667 $10,272 6.91%
    10 Year 11 $135,000 $12,273 $67 7.28%
    15 Year 7 $3,435,000 $490,714 $8,312 6.09%
    20 Year 4 $1,050,000 $262,500 $9,557 7.28%

    For 2023, Sente Mortgage's most frequently cited loan duration was 30 Year, with 657 originations. The 2nd most popular length was 10 Year, with 11 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $5k+ 252 $103,380,000 $410,238
    $4k-5k 109 $28,335,000 $259,954
    $1k-2k 106 $36,000,000 $339,623
    $2k-3k 89 $20,845,000 $234,213
    $3k-4k 80 $19,550,000 $244,375
    $<1k 30 $4,850,000 $161,667

    Sente Mortgage's average total fees were $10,272, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 252 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 359 $114,275,000 $318,315
    7-8% 246 $73,620,000 $299,268
    5-6% 57 $22,305,000 $391,316
    Over 8% 16 $4,960,000 $310,000
    4-5% 1 $795,000 $795,000

    During 2023, Sente Mortgage's average interest rate for loans was 6.91%, while their most frequently originated rate bucket for loans was 6-7%, with 359 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 340 $98,710,000 $290,324 $9,978 6.91%
    $100k-200k 151 $23,355,000 $154,669 $7,275 6.94%
    $400k-600k 103 $48,615,000 $471,990 $13,500 6.84%
    $600k-1MM 45 $31,895,000 $708,778 $15,268 6.82%
    $100,000 or less 33 $1,905,000 $57,727 $3,427 7.18%
    $1MM+ 7 $11,475,000 $1,639,286 $19,191 6.48%

    2023 saw Sente Mortgage place emphasis on $200k-400k loans with 340 originations, totaling $98,710,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 170 $54,020,000 $317,765 $10,089 6.98%
    $75k-100k 141 $35,095,000 $248,901 $10,211 6.85%
    $150k-250k 133 $56,655,000 $425,977 $11,603 6.94%
    $50k-75k 122 $22,770,000 $186,639 $8,219 6.86%
    $250k+ 64 $39,390,000 $615,469 $13,144 6.87%
    $50k or less 49 $8,025,000 $163,776 $6,396 6.90%

    Sente Mortgage lent most frequently to those with incomes in the $100k-150k range, with 170 originations. The second most popular income band? $75k-100k, with 141 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 103 $31,395,000 $304,806 $8,478 6.90%
    20-30% 93 $29,235,000 $314,355 $9,631 6.89%
    50-60% 82 $25,260,000 $308,049 $12,965 6.77%
    43% 34 $10,780,000 $317,059 $10,636 6.98%
    48% 34 $11,930,000 $350,882 $10,464 7.08%
    47% 32 $9,280,000 $290,000 $10,233 6.82%
    38% 31 $11,425,000 $368,548 $10,909 6.75%
    44% 31 $10,085,000 $325,323 $9,394 7.09%
    36% 30 $8,340,000 $278,000 $9,567 6.92%
    49% 30 $10,310,000 $343,667 $11,278 7.19%
    39% 30 $10,190,000 $339,667 $9,293 6.87%
    41% 28 $6,920,000 $247,143 $8,885 6.95%
    42% 27 $8,855,000 $327,963 $9,077 7.10%
    <20% 23 $6,815,000 $296,304 $7,398 7.07%
    37% 20 $8,420,000 $421,000 $11,126 6.78%
    40% 19 $6,145,000 $323,421 $10,273 6.79%
    45% 16 $5,430,000 $339,375 $11,197 6.79%
    46% 14 $4,400,000 $314,286 $9,517 6.69%
    >60% 2 $740,000 $370,000 $20,661 6.81%

    Sente Mortgage lent most frequently to those with DTI ratios of 30-36%, with 103 originations. The next most common DTI ratio? 20-30%, with 93 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 566 $176,260,000 $311,413 $9,746 6.91%
    Black 44 $15,130,000 $343,864 $12,696 6.77%
    Not provided 34 $13,510,000 $397,353 $10,722 7.18%
    Asian 26 $8,970,000 $345,000 $11,867 6.83%
    American Indian 7 $1,455,000 $207,857 $10,930 6.77%
    Native Hawaiian or Islander 2 $630,000 $315,000 $8,569 6.63%

    Approval Rates

    Total approvals of all applications
    98.50%

    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
    35.20%

    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 679 $215,955,000 $318,049

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    679 $215,955,000 $318,049

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 21 $5,625,000 $267,857 $7,283 6.96%
    40-60% 53 $14,295,000 $269,717 $8,774 6.93%
    60-80% 143 $58,685,000 $410,385 $10,127 6.98%
    80-100% 430 $131,120,000 $304,930 $10,395 6.88%
    Over 100% 21 $6,095,000 $290,238 $14,458 6.60%
    Under 20% 11 $135,000 $12,273 $67 7.28%