Sente Mortgage Rates, Fees & Info

WILMINGTON, DE

LEI: 549300LP3GMTWS4OB353

Tax ID: 26-0402100

2.2 stars - Updated: 2/25/24 - out of 5 stars, based on 32 reviews

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

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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 39 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 about average 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% 2/25/24
30 Year Conventional Refi 6.67% 2/25/24
30 Year Cash-out Refi 7.00% 2/25/24
30 Year FHA Purchase 7.79% 2/25/24
30 Year FHA Refi 7.38% 2/25/24
30 Year VA Purchase 6.60% 2/25/24
30 Year VA Refi 6.40% 2/25/24
30 Year USDA Purchase 7.14% 2/25/24
15 Year Conventional Purchase 6.36% 2/25/24
15 Year Conventional Refi 6.39% 2/25/24
15 Year Cash-out Refi 6.39% 2/25/24
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

1,016

Origination Dollar Volume (All Markets)

$313,920,000

Relative Rate

Sente Mortgage's average 30 year fixed mortgage rate was 5%.

The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.

This yields a difference of 0.24%.

Relative Fees (Closing Costs)

Sente Mortgage's average total fees/closing costs for a 30 year fixed rate mortgage were $8,605.

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 $4,750.

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) 226 $77,600,000 $343,363 $8,142 4.88%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 213 $75,535,000 $354,624 $9,669 4.94%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 126 $40,930,000 $324,841 $8,849 5.16%
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) 156 $34,380,000 $220,385 $7,169 4.89%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 54 $25,410,000 $470,556 $8,682 4.67%
Outside of Metro Areas 54 $14,440,000 $267,407 $7,290 4.91%
KILLEEN-TEMPLE, TX (FHA|USDA|VA) 45 $10,485,000 $233,000 $8,701 4.64%
Stillwater, OK (FHA|USDA|VA) 33 $5,845,000 $177,121 $7,175 4.80%
CORPUS CHRISTI, TX (FHA|USDA|VA) 7 $4,655,000 $665,000 $19,857 5.87%
Searcy, AR (FHA|USDA|VA) 18 $3,590,000 $199,444 $5,717 4.70%
OKLAHOMA CITY, OK (FHA|USDA|VA) 11 $3,235,000 $294,091 $9,628 4.84%
TULSA, OK (FHA|USDA|VA) 11 $2,035,000 $185,000 $8,104 4.50%
SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) 6 $2,000,000 $333,333 $9,277 4.75%
Huntsville, TX (FHA|USDA|VA) 5 $1,645,000 $329,000 $5,099 4.57%
WICHITA, KS (FHA|USDA|VA) 6 $1,450,000 $241,667 $6,898 5.77%
Granbury, TX (FHA|USDA|VA) 5 $1,435,000 $287,000 $7,102 5.55%
Bartlesville, OK (FHA|USDA|VA) 4 $930,000 $232,500 $8,005 4.62%
FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 4 $800,000 $200,000 $7,053 4.84%
KANSAS CITY, MO-KS (FHA|USDA|VA) 2 $680,000 $340,000 $12,773 5.56%
Kerrville, TX (FHA|USDA|VA) 2 $620,000 $310,000 $9,677 5.00%
Rockport, TX (FHA|USDA|VA) 1 $595,000 $595,000 $13,079 3.88%
Russellville, AR (FHA|USDA|VA) 2 $530,000 $265,000 $6,901 5.31%
Fredericksburg, TX (FHA|USDA|VA) 1 $465,000 $465,000 $10,723 3.75%
Brownwood, TX (FHA|USDA|VA) 2 $420,000 $210,000 $7,892 5.43%
Shawnee, OK (FHA|USDA|VA) 2 $400,000 $200,000 $12,614 6.69%
MIDLAND, TX (FHA|USDA|VA) 1 $385,000 $385,000 $6,708 4.88%
LONGVIEW, TX (FHA|USDA|VA) 1 $385,000 $385,000 $6,917 5.38%
Batesville, AR (FHA|USDA|VA) 2 $350,000 $175,000 $4,611 5.49%
Brenham, TX (FHA|USDA|VA) 1 $345,000 $345,000 $9,242 5.63%
WACO, TX (FHA|USDA|VA) 2 $340,000 $170,000 $8,506 6.62%
COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 1 $305,000 $305,000 $7,095 5.88%
Mineral Wells, TX (FHA|USDA|VA) 1 $285,000 $285,000 $4,793 4.88%
Minden, LA (FHA|USDA|VA) 1 $275,000 $275,000 $7,947 6.63%
Ponca City, OK (FHA|USDA|VA) 3 $275,000 $91,667 $6,288 4.79%
LUBBOCK, TX (FHA|USDA|VA) 1 $195,000 $195,000 $3,952 5.13%
HOT SPRINGS, AR (FHA|USDA|VA) 2 $190,000 $95,000 $3,187 3.94%
Duncan, OK (FHA|USDA|VA) 1 $175,000 $175,000 $10,025 6.13%
Bay City, TX (FHA|USDA|VA) 1 $155,000 $155,000 $5,741 6.99%
FORT SMITH, AR-OK (FHA|USDA|VA) 2 $150,000 $75,000 $3,986 5.38%
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)
  • Kansas (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.

    Bossier Federal Credit Union
    Similarity Rank: 34
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    PIERREMONT MORTGAGE, INC.
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    First Central Credit Union
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    MAINSTREET FEDERAL CREDIT UNION
    Similarity Rank: 355
    FBT Mortgage, L.L.C.
    Similarity Rank: 540
    ALL WESTERN MORTGAGE, INC.
    Similarity Rank: 546
    FRONTIER COMMUNITY CREDIT UNION
    Similarity Rank: 594
    First Financial Bank
    Similarity Rank: 598

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 706 $233,850,000 $331,232 $7,433 4.89%
    FHA 164 $37,180,000 $226,707 $10,503 5.34%
    VA 131 $40,495,000 $309,122 $11,169 4.58%
    USDA 15 $2,395,000 $159,667 $5,772 4.91%

    For 2022, Sente Mortgage's most frequently originated type of loan was Conventional, with 706 originations. Their 2nd most popular type was FHA, with 164 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 763 $231,295,000 $303,139 $8,762 5.08%
    Refi 151 $53,795,000 $356,258 $6,960 4.36%
    Cash Out Refi 102 $28,830,000 $282,647 $7,731 4.63%

    For 2022, Sente Mortgage's most frequently cited loan purpose was Home Purchase, with 763 originations. The 2nd most popular reason was Refi, with 151 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 945 $298,315,000 $315,677 $8,605 5.00%
    15 Year 55 $12,825,000 $233,182 $5,681 3.82%
    20 Year 10 $1,990,000 $199,000 $6,246 4.61%
    10 Year 4 $170,000 $42,500 $921 4.84%
    Other 2 $620,000 $310,000 $6,826 3.37%

    For 2022, Sente Mortgage's most frequently cited loan duration was 30 Year, with 945 originations. The 2nd most popular length was 15 Year, with 55 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 300 $89,340,000 $297,800
    $5k+ 238 $100,780,000 $423,445
    $2k-3k 190 $46,470,000 $244,579
    $3k-4k 138 $38,050,000 $275,725
    $4k-5k 113 $32,785,000 $290,133
    $<1k 33 $5,875,000 $178,030

    Sente Mortgage's average total fees were $8,605, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 300 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 324 $96,780,000 $298,704
    3-4% 268 $89,590,000 $334,291
    4-5% 247 $76,545,000 $309,899
    6-7% 118 $33,560,000 $284,407
    7-8% 30 $7,370,000 $245,667
    2.5-3% 27 $9,595,000 $355,370
    Over 8% 1 $375,000 $375,000
    <2.5% 1 $105,000 $105,000

    During 2022, Sente Mortgage's average interest rate for loans was 5.00%, while their most frequently originated rate bucket for loans was 5-6%, with 324 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 520 $148,630,000 $285,827 $8,391 4.99%
    $100k-200k 243 $37,835,000 $155,700 $6,047 4.96%
    $400k-600k 160 $76,100,000 $475,625 $10,650 4.86%
    $600k-1MM 43 $30,405,000 $707,093 $12,779 4.69%
    $100,000 or less 38 $2,880,000 $75,789 $4,385 4.74%
    $1MM+ 12 $18,070,000 $1,505,833 $20,785 3.75%

    2022 saw Sente Mortgage place emphasis on $200k-400k loans with 520 originations, totaling $148,630,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 265 $84,745,000 $319,792 $8,289 4.97%
    $50k-75k 215 $45,755,000 $212,814 $7,744 4.78%
    $150k-250k 195 $78,475,000 $402,436 $9,724 5.02%
    $75k-100k 169 $43,245,000 $255,888 $8,048 5.10%
    $50k or less 102 $14,580,000 $142,941 $5,917 4.81%
    $250k+ 68 $46,390,000 $682,206 $11,561 4.67%

    Sente Mortgage lent most frequently to those with incomes in the $100k-150k range, with 265 originations. The second most popular income band? $50k-75k, with 215 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 181 $59,405,000 $328,204 $7,918 4.76%
    30-36% 179 $53,135,000 $296,844 $7,722 4.99%
    50-60% 74 $20,910,000 $282,568 $11,700 5.00%
    <20% 56 $18,040,000 $322,143 $7,162 4.74%
    42% 53 $15,805,000 $298,208 $8,578 5.02%
    49% 48 $12,530,000 $261,042 $7,502 5.20%
    43% 43 $12,895,000 $299,884 $8,918 4.79%
    37% 42 $14,770,000 $351,667 $8,245 4.95%
    36% 41 $12,675,000 $309,146 $8,095 4.80%
    44% 38 $10,640,000 $280,000 $7,890 5.02%
    45% 37 $10,875,000 $293,919 $8,952 5.07%
    41% 37 $12,835,000 $346,892 $7,420 4.77%
    39% 35 $10,295,000 $294,143 $8,775 4.88%
    40% 34 $12,010,000 $353,235 $8,549 5.00%
    46% 34 $10,160,000 $298,824 $8,653 5.06%
    38% 30 $11,000,000 $366,667 $9,594 4.81%
    48% 29 $8,985,000 $309,828 $9,401 5.27%
    47% 24 $6,500,000 $270,833 $7,619 5.03%
    >60% 1 $455,000 $455,000 $17,104 2.75%

    Sente Mortgage lent most frequently to those with DTI ratios of 20-30%, with 181 originations. The next most common DTI ratio? 30-36%, with 179 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 863 $267,685,000 $310,180 $8,340 4.97%
    Not provided 40 $14,330,000 $358,250 $8,684 4.45%
    Black 38 $12,730,000 $335,000 $9,935 4.56%
    Asian 46 $12,120,000 $263,478 $8,293 4.90%
    American Indian 24 $5,670,000 $236,250 $7,491 4.86%
    Native Hawaiian or Islander 5 $1,385,000 $277,000 $7,791 4.85%

    Approval Rates

    Total approvals of all applications
    97.91%

    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
    62.01%

    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 1,016 $313,920,000 $308,976

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    1,016 $313,920,000 $308,976

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 41 $9,485,000 $231,341 $5,803 4.52%
    40-60% 88 $26,920,000 $305,909 $6,261 4.54%
    60-80% 247 $82,605,000 $334,433 $7,988 4.84%
    80-100% 602 $184,830,000 $307,027 $8,712 5.07%
    Over 100% 33 $9,915,000 $300,455 $15,248 4.57%
    Under 20% 5 $165,000 $33,000 $1,387 4.80%

    Complaints

    Bank Name Product Issue 2022 CPFB Complaints % of Total Issues
    SANTANDER BANK, NATIONAL ASSOCIATION Conventional home mortgage Trouble during payment process 1 50.0%
    SANTANDER BANK, NATIONAL ASSOCIATION Home equity loan or line of credit (HELOC) Trouble during payment process 1 50.0%