Dieterich Bank Mortgage Rates, Fees & Info
Effingham, ILLEI: 549300LTSES0DE01Z405
Tax ID: 37-0274310
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Mortgage Data
Review & Overview
Dieterich Bank is a smaller bank specializing in Home Purchase 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: Effingham, St. Louis, Dallas, Kansas City, and Charleston among others. We have data for 11 markets. (Some data included below & more in-depth data is available with an active subscription.)Dieterich Bank 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. 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 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.35% | 4/19/24 |
| 30 Year Conventional Refi | 6.29% | 4/19/24 |
| 30 Year Cash-out Refi | 6.31% | 4/19/24 |
| 30 Year FHA Purchase | 6.27% | 4/19/24 |
| 30 Year USDA Purchase | 6.90% | 4/19/24 |
| 15 Year Conventional Purchase | 6.43% | 4/19/24 |
| 15 Year Conventional Refi | 6.27% | 4/19/24 |
| 15 Year Cash-out Refi | 6.27% | 4/19/24 |
| 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. | ||
Dieterich Bank Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
243Origination Dollar Volume (All Markets)
$54,785,000Awards
Dieterich Bank - 2023
Dieterich Bank is a 2023 , due to their low .
For 2023, less than of lenders were eligible for this award.
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Relative Rate
Dieterich Bank's average 30 year fixed mortgage rate was
6.25%.
The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.
This yields a difference of -0.23%.
Relative Fees (Closing Costs)
Dieterich Bank's average total fees/closing costs for a 30 year fixed rate
mortgage were $1,828.
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 |
|---|---|---|---|---|---|
| Effingham, IL (FHA|USDA|VA) | 108 | $18,370,000 | $170,093 | $1,589 | 6.49% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 43 | $17,395,000 | $404,535 | $1,568 | 6.60% |
| Outside of Metro Areas | 74 | $8,060,000 | $108,919 | $1,294 | 6.43% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 1 | $6,465,000 | $6,465,000 | $0 | 6.50% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 1 | $2,365,000 | $2,365,000 | $0 | 8.15% |
| Charleston-Mattoon, IL (FHA|USDA|VA) | 9 | $1,135,000 | $126,111 | $1,268 | 6.89% |
| Kalispell, MT (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $0 | 6.63% |
| CARBONDALE-MARION, IL (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $2,511 | 6.75% |
| DANVILLE, IL (FHA|USDA|VA) | 3 | $135,000 | $45,000 | $0 | 8.25% |
| CHAMPAIGN-URBANA, IL (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $1,877 | 6.88% |
| TERRE HAUTE, IN (FHA|USDA|VA) | 1 | $15,000 | $15,000 | $1,369 | 7.48% |
Similar Lenders
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.
Similarity Rank: 22
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 238 | $54,220,000 | $227,815 | $1,431 | 6.53% |
| USDA | 5 | $565,000 | $113,000 | $3,196 | 7.03% |
For 2023, Dieterich Bank's most frequently originated type of loan was Conventional, with 238 originations. Their 2nd most popular type was USDA, with 5 originations.
Loan Reason
For 2023, Dieterich Bank's most frequently cited loan purpose was Home Purchase, with 150 originations. The 2nd most popular reason was Other, with 32 originations.
Loan Duration/Length
For 2023, Dieterich Bank's most frequently cited loan duration was 30 Year, with 107 originations. The 2nd most popular length was 15 Year, with 46 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 193 | $29,515,000 | $152,927 |
Dieterich Bank's average total fees were $1,828, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 193 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 123 | $35,235,000 | $286,463 |
| 7-8% | 47 | $7,195,000 | $153,085 |
| 5-6% | 41 | $5,625,000 | $137,195 |
| 4-5% | 17 | $3,355,000 | $197,353 |
| Over 8% | 15 | $3,375,000 | $225,000 |
During 2023, Dieterich Bank's average interest rate for loans was 6.25%, while their most frequently originated rate bucket for loans was 6-7%, with 123 originations.
Loan Sizing
2023 saw Dieterich Bank place emphasis on $100,000 or less loans with 97 originations, totaling $5,165,000 in origination value.
Applicant Income
Dieterich Bank lent most frequently to those with incomes in the $100k-150k range, with 51 originations. The second most popular income band? $75k-100k, with 46 originations.
Applicant Debt to Income Ratio
Dieterich Bank lent most frequently to those with DTI ratios of 20-30%, with 48 originations. The next most common DTI ratio? 30-36%, with 47 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications90.14%
Dieterich Bank has an average approval rate.
Pick Rate
Approvals leading to origination70.37%
Dieterich Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 243 | $54,785,000 | $225,453 |