Dieterich Bank Mortgage Rates, Fees & InfoEffingham, IL
Tax ID: 37-0274310
Latest/2022 | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Review & OverviewDieterich Bank is a smaller bank specializing in Home Purchase and Cash Out Refi loans. Dieterich Bank has a high proportion of conventional loans. They have a low ratio of USDA loans. Their top markets by origination volume include: St. Louis, Effingham, Tyler, Dallas, and Charleston among others. We have data for 24 markets. (Some data included below & more in-depth data is available with an active subscription.)
Dieterich Bank has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Dieterich Bank 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 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.
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|Simulated Rate||Simulation Date|
|30 Year Conventional Purchase||6.35%||11/30/23|
|30 Year Conventional Refi||6.29%||11/30/23|
|30 Year Cash-out Refi||6.31%||11/30/23|
|30 Year FHA Purchase||6.27%||11/30/23|
|30 Year USDA Purchase||6.90%||11/30/23|
|15 Year Conventional Purchase||6.43%||11/30/23|
|15 Year Conventional Refi||6.27%||11/30/23|
|15 Year Cash-out Refi||6.27%||11/30/23|
|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.|
Dieterich Bank Mortgage Calculator
Your EstimatesEstimated Loan Payment: Update the calculator values and click calculate payment!
This is not an official calculator from Dieterich Bank. It uses our SimulatedRate™
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Origination Dollar Volume (All Markets)$88,150,000
Dieterich Bank's average 30 year fixed mortgage rate was
The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.
This yields a difference of -0.05%.
Relative Fees (Closing Costs)
Dieterich Bank's average total fees/closing costs for a 30 year fixed rate
mortgage were $2,007.
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.
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)||76||$31,140,000||$409,737||$1,819||4.62%|
|Effingham, IL (FHA|USDA|VA)||137||$22,625,000||$165,146||$1,655||4.57%|
|Outside of Metro Areas||93||$11,935,000||$128,333||$1,496||4.59%|
|TYLER, TX (FHA|USDA|VA)||1||$6,805,000||$6,805,000||$0||4.10%|
|Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA)||1||$6,805,000||$6,805,000||$0||4.10%|
|Charleston-Mattoon, IL (FHA|USDA|VA)||24||$3,250,000||$135,417||$1,521||4.45%|
|KANSAS CITY, MO-KS (FHA|USDA|VA)||1||$1,045,000||$1,045,000||$0||4.25%|
|DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA)||1||$885,000||$885,000||$1,067||5.37%|
|Sikeston, MO (FHA|USDA|VA)||2||$550,000||$275,000||$0||3.75%|
|CLARKSVILLE, TN-KY (FHA|USDA|VA)||2||$550,000||$275,000||$3,143||5.56%|
|CARBONDALE-MARION, IL (FHA|USDA|VA)||2||$370,000||$185,000||$1,991||5.00%|
|INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA)||1||$275,000||$275,000||$1,125||4.86%|
|PEORIA, IL (FHA|USDA|VA)||2||$260,000||$130,000||$2,237||4.71%|
|MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA)||1||$205,000||$205,000||$3,077||4.38%|
|Centralia, IL (FHA|USDA|VA)||1||$195,000||$195,000||$1,711||6.38%|
|SPRINGFIELD, OH (FHA|USDA|VA)||1||$185,000||$185,000||$2,914||5.13%|
|GRAND JUNCTION, CO (FHA|USDA|VA)||1||$165,000||$165,000||$2,165||5.25%|
|Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA)||1||$155,000||$155,000||$4,469||4.75%|
|ELIZABETHTOWN-FORT KNOX, KY (FHA|USDA|VA)||1||$145,000||$145,000||$2,415||5.50%|
|BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA)||1||$135,000||$135,000||$2,960||3.25%|
|Mount Vernon, IL (FHA|USDA|VA)||1||$135,000||$135,000||$1,727||5.13%|
|DECATUR, IL (FHA|USDA|VA)||1||$135,000||$135,000||$2,090||4.03%|
|Sedalia, MO (FHA|USDA|VA)||1||$125,000||$125,000||$1,735||5.25%|
|MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA)||1||$75,000||$75,000||$1,840||4.63%|
We use machine learning to identify the top lenders compared against Dieterich Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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|Loan Type||Originations||Total Value||Avg. Loan||Avg. Fees||Avg. Rate|
For 2022, Dieterich Bank's most frequently originated type of loan was Conventional, with 342 originations. Their 2nd most popular type was USDA, with 12 originations.
For 2022, Dieterich Bank's most frequently cited loan purpose was Home Purchase, with 221 originations. The 2nd most popular reason was Cash Out Refi, with 60 originations.
For 2022, Dieterich Bank's most frequently cited loan duration was 30 Year, with 172 originations. The 2nd most popular length was 5 Year, with 70 originations.
Origination Fees/Closing Costs
|Origination Fee/Closing Cost||Originations||Total Value||Average Loan|
Dieterich Bank's average total fees were $2,007, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 276 originations.
|Loan Rate||Originations||Total Value||Average Loan|
During 2022, Dieterich Bank's average interest rate for loans was 4.71%, while their most frequently originated rate bucket for loans was 4-5%, with 167 originations.
2022 saw Dieterich Bank place emphasis on $100k-200k loans with 138 originations, totaling $19,810,000 in origination value.
Dieterich Bank lent most frequently to those with incomes in the $100k-150k range, with 74 originations. The second most popular income band? $50k-75k, with 70 originations.
Applicant Debt to Income Ratio
Dieterich Bank lent most frequently to those with DTI ratios of 20-30%, with 71 originations. The next most common DTI ratio? 30-36%, with 52 originations.
Approval RatesTotal approvals of all applications
Dieterich Bank has an average approval rate.
Pick RateApprovals leading to origination
Dieterich Bank has a below average pick rate.
Points and Fees
|Points||Originations||Total Value||Average Loan|