Dieterich Bank Mortgage Rates, Fees & Info

Effingham, IL

LEI: 549300LTSES0DE01Z405

Tax ID: 37-0274310

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

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Dieterich 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.

    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 6.35% 4/28/24
    30 Year Conventional Refi 6.29% 4/28/24
    30 Year Cash-out Refi 6.31% 4/28/24
    30 Year FHA Purchase 6.27% 4/28/24
    30 Year USDA Purchase 6.90% 4/28/24
    15 Year Conventional Purchase 6.43% 4/28/24
    15 Year Conventional Refi 6.27% 4/28/24
    15 Year Cash-out Refi 6.27% 4/28/24
    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






    Your Estimates

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

    This is not an official calculator from Dieterich Bank. 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

    354

    Origination Dollar Volume (All Markets)

    $88,150,000
    Show all (5) awards

    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
    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%
    Dieterich Bank's top markets include St. Louis, Effingham, Tyler, Dallas, and Charleston among others.

    Their top states include:
  • Illinois (FHA|USDA|VA)
  • Missouri (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)
  • Colorado (FHA|USDA|VA)
  • Kansas (FHA|USDA|VA)

    • 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.

    D.W. BROWN MORTGAGE CORP.
    Similarity Rank: 59
    Prairie State Bank and Trust
    Similarity Rank: 72
    Ozarks Federal Savings and Loan Association
    Similarity Rank: 126
    Petefish, Skiles & Co.
    Similarity Rank: 217
    Gateway Metro Federal Credit Union
    Similarity Rank: 240
    First National Bank of Waterloo
    Similarity Rank: 240
    MORTGAGE SOLUTIONS LLC
    Similarity Rank: 368
    United Bank of Union
    Similarity Rank: 450
    JERSEY STATE BANK
    Similarity Rank: 452
    Bank of Washington
    Similarity Rank: 728

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 342 $86,710,000 $253,538 $1,593 4.57%
    USDA 12 $1,440,000 $120,000 $3,372 5.14%

    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.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 221 $54,905,000 $248,439 $1,959 4.69%
    Cash Out Refi 60 $25,310,000 $421,833 $1,296 4.39%
    Other 39 $3,505,000 $89,872 $1,015 4.51%
    Refi 23 $3,885,000 $168,913 $1,414 4.25%
    Home Improvement 11 $545,000 $49,545 $761 4.72%

    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.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 172 $32,470,000 $188,779 $2,007 4.71%
    5 Year 70 $37,800,000 $540,000 $671 4.53%
    15 Year 66 $8,460,000 $128,182 $1,225 4.42%
    1 Year 18 $3,900,000 $216,667 $867 4.45%
    20 Year 12 $1,350,000 $112,500 $1,218 4.50%
    Other 10 $3,540,000 $354,000 $918 4.55%
    10 Year 5 $245,000 $49,000 $877 4.35%
    3 Year 1 $385,000 $385,000 $0 5.54%

    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
    $<1k 276 $45,960,000 $166,522
    $1k-2k 2 $330,000 $165,000
    $2k-3k 1 $135,000 $135,000

    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.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 167 $45,175,000 $270,509
    3-4% 85 $22,745,000 $267,588
    5-6% 72 $16,300,000 $226,389
    6-7% 23 $2,995,000 $130,217
    2.5-3% 7 $935,000 $133,571

    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.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 138 $19,810,000 $143,551 $1,802 4.64%
    $100,000 or less 106 $5,970,000 $56,321 $1,204 4.61%
    $200k-400k 83 $22,895,000 $275,843 $1,964 4.51%
    $1MM+ 11 $30,525,000 $2,775,000 $0 4.36%
    $400k-600k 11 $5,065,000 $460,455 $2,016 4.61%
    $600k-1MM 5 $3,885,000 $777,000 $1,795 4.64%

    2022 saw Dieterich Bank place emphasis on $100k-200k loans with 138 originations, totaling $19,810,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 74 $11,240,000 $151,892 $1,460 4.74%
    $50k-75k 70 $10,210,000 $145,857 $1,851 4.66%
    $50k or less 55 $5,385,000 $97,909 $1,746 4.65%
    $75k-100k 51 $9,445,000 $185,196 $1,632 4.45%
    $150k-250k 42 $9,600,000 $228,571 $1,687 4.41%
    $250k+ 6 $2,160,000 $360,000 $1,427 4.74%

    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

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 71 $10,125,000 $142,606 $1,631 4.57%
    30-36% 52 $8,670,000 $166,731 $1,840 4.66%
    <20% 35 $5,335,000 $152,429 $1,441 4.61%
    38% 21 $3,695,000 $175,952 $1,749 4.95%
    42% 21 $4,445,000 $211,667 $1,574 4.85%
    36% 19 $3,455,000 $181,842 $1,797 4.67%
    41% 19 $2,775,000 $146,053 $1,552 4.42%
    40% 16 $2,940,000 $183,750 $1,506 4.23%
    37% 7 $1,205,000 $172,143 $1,976 4.37%
    39% 5 $1,215,000 $243,000 $2,401 4.13%
    >60% 4 $690,000 $172,500 $841 4.92%
    49% 3 $365,000 $121,667 $1,762 4.74%
    50-60% 3 $545,000 $181,667 $1,948 3.99%
    46% 2 $260,000 $130,000 $1,950 5.12%
    48% 1 $705,000 $705,000 $2,230 4.03%

    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.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 299 $47,735,000 $159,649 $1,655 4.61%
    Not applicable 47 $38,085,000 $810,319 $0 4.51%
    Asian 2 $1,190,000 $595,000 $2,469 4.20%
    Not provided 5 $885,000 $177,000 $2,177 4.43%
    Black 1 $255,000 $255,000 $3,003 4.50%

    Approval Rates

    Total approvals of all applications
    88.80%

    Dieterich Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    74.58%

    Dieterich Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 354 $88,150,000 $249,011

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    354 $88,150,000 $249,011

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 35 $3,605,000 $103,000 $1,115 4.61%
    40-60% 48 $24,500,000 $510,417 $1,605 4.43%
    60-80% 111 $29,395,000 $264,820 $1,845 4.51%
    80-100% 133 $29,805,000 $224,098 $1,961 4.69%
    Under 20% 27 $845,000 $31,296 $529 4.69%