Dieterich Bank Mortgage Rates, Fees & Info

Effingham, IL

LEI: 549300LTSES0DE01Z405

Tax ID: 37-0274310

Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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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 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 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.

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    Originations

    243

    Origination Dollar Volume (All Markets)

    $54,785,000
    Show all (6) 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
    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%
    Dieterich Bank's top markets include Effingham, St. Louis, Dallas, Kansas City, and Charleston among others.

    Their top states include:
  • Illinois (FHA|USDA|VA)
  • Missouri (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)
  • Montana (FHA|USDA|VA)
  • Michigan (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.

    Dieterich Bank
    Similarity Rank: 22
    Prairie State Bank and Trust
    Similarity Rank: 32
    Petefish, Skiles & Co.
    Similarity Rank: 68
    Ozarks Federal Savings and Loan Association
    Similarity Rank: 96
    1ST MIDAMERICA
    Similarity Rank: 286
    CNB Bank And Trust, N.A.
    Similarity Rank: 323
    FIRST COMMUNITY
    Similarity Rank: 336
    First National Bank of Waterloo
    Similarity Rank: 340
    United Bank of Union
    Similarity Rank: 360
    VANTAGE Credit Union
    Similarity Rank: 371

    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

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 150 $46,240,000 $308,267 $1,834 6.43%
    Other 32 $2,820,000 $88,125 $899 7.10%
    Refi 28 $2,690,000 $96,071 $895 6.16%
    Home Improvement 18 $1,490,000 $82,778 $808 7.30%
    Cash Out Refi 15 $1,545,000 $103,000 $1,210 6.31%

    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

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 107 $20,635,000 $192,850 $1,828 6.25%
    15 Year 46 $3,090,000 $67,174 $935 7.04%
    5 Year 39 $14,775,000 $378,846 $714 6.91%
    1 Year 21 $4,535,000 $215,952 $1,375 6.58%
    20 Year 11 $1,475,000 $134,091 $1,438 6.29%
    10 Year 9 $585,000 $65,000 $876 6.17%
    Other 6 $450,000 $75,000 $797 6.16%
    3 Year 4 $9,240,000 $2,310,000 $0 6.94%

    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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 97 $5,165,000 $53,247 $994 6.82%
    $100k-200k 75 $10,455,000 $139,400 $1,671 6.29%
    $200k-400k 51 $14,235,000 $279,118 $1,852 6.41%
    $400k-600k 8 $3,660,000 $457,500 $1,821 6.34%
    $1MM+ 7 $17,575,000 $2,510,714 $0 6.91%
    $600k-1MM 5 $3,695,000 $739,000 $3,157 6.17%

    2023 saw Dieterich Bank place emphasis on $100,000 or less loans with 97 originations, totaling $5,165,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 51 $9,005,000 $176,569 $1,513 6.45%
    $75k-100k 46 $7,110,000 $154,565 $1,607 6.42%
    $50k-75k 40 $4,480,000 $112,000 $1,511 6.37%
    $150k-250k 29 $5,555,000 $191,552 $1,400 6.83%
    $50k or less 28 $2,870,000 $102,500 $1,258 6.06%
    $250k+ 7 $1,975,000 $282,143 $1,630 6.06%

    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

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 48 $7,430,000 $154,792 $1,505 6.29%
    30-36% 47 $6,735,000 $143,298 $1,396 6.67%
    <20% 25 $2,105,000 $84,200 $1,262 6.27%
    39% 15 $2,465,000 $164,333 $1,703 6.76%
    41% 10 $1,200,000 $120,000 $1,275 6.20%
    38% 10 $1,700,000 $170,000 $1,677 6.22%
    42% 9 $1,515,000 $168,333 $1,259 6.49%
    40% 8 $1,610,000 $201,250 $1,496 6.49%
    >60% 6 $1,350,000 $225,000 $1,230 6.13%
    37% 4 $820,000 $205,000 $2,039 6.64%
    36% 4 $560,000 $140,000 $1,885 6.02%
    50-60% 3 $755,000 $251,667 $1,890 5.59%
    46% 2 $560,000 $280,000 $1,813 5.98%
    48% 2 $710,000 $355,000 $2,430 6.02%

    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

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 203 $30,955,000 $152,488 $1,481 6.42%
    Not applicable 36 $23,290,000 $646,944 $0 7.19%
    Not provided 4 $540,000 $135,000 $1,207 6.67%

    Approval Rates

    Total approvals of all applications
    90.14%

    Dieterich Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    70.37%

    Dieterich Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 243 $54,785,000 $225,453

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    243 $54,785,000 $225,453

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 37 $3,585,000 $96,892 $962 6.51%
    40-60% 42 $8,370,000 $199,286 $1,402 6.29%
    60-80% 69 $28,635,000 $415,000 $1,765 6.52%
    80-100% 62 $12,590,000 $203,065 $1,994 6.45%
    Under 20% 33 $1,605,000 $48,636 $786 7.13%