Banterra Bank Mortgage Rates, Fees & InfoMarion, IL
Tax ID: 37-0723369
Latest/2022 | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Review & OverviewBanterra Bank is a smaller bank specializing in loans. Banterra Bank has a high proportion of conventional loans. Their top markets by origination volume include: Evansville, Carbondale, Phoenix, Cape Girardeau, and Salt Lake City among others. We have data for 26 markets. (Some data included below & more in-depth data is available with an active subscription.)
Banterra 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. Banterra 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.
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|Simulated Rate||Simulation Date|
|30 Year Conventional Purchase||7.12%||3/28/23|
|30 Year Conventional Refi||7.21%||3/28/23|
|30 Year Cash-out Refi||6.84%||3/28/23|
|30 Year FHA Purchase||6.27%||3/28/23|
|30 Year USDA Purchase||6.97%||3/28/23|
|30 Year USDA Refi||6.27%||3/28/23|
|15 Year Conventional Purchase||6.49%||3/28/23|
|15 Year Conventional Refi||5.88%||3/28/23|
|15 Year Cash-out Refi||5.88%||3/28/23|
|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.|
Origination Dollar Volume (All Markets)$72,145,000
Banterra 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 0.26%.
Relative Fees (Closing Costs)
Banterra Bank's average total fees/closing costs for a 30 year fixed rate
mortgage were $3,124.
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|
|EVANSVILLE, IN-KY (FHA|USDA|VA)||39||$12,045,000||$308,846||$2,442||4.74%|
|CARBONDALE-MARION, IL (FHA|USDA|VA)||66||$9,520,000||$144,242||$2,601||5.19%|
|Outside of Metro Areas||69||$8,595,000||$124,565||$2,379||5.08%|
|PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA)||19||$8,045,000||$423,421||$6,394||4.59%|
|CAPE GIRARDEAU, MO-IL (FHA|USDA|VA)||33||$6,455,000||$195,606||$2,975||5.02%|
|SALT LAKE CITY, UT (FHA|USDA|VA)||3||$5,345,000||$1,781,667||$4,028||4.58%|
|PROVO-OREM, UT (FHA|USDA|VA)||1||$4,125,000||$4,125,000||$0||4.00%|
|Heber, UT (FHA|USDA|VA)||2||$4,060,000||$2,030,000||$11,574||4.44%|
|Paducah, KY-IL (FHA|USDA|VA)||22||$3,480,000||$158,182||$2,561||4.71%|
|BOWLING GREEN, KY (FHA|USDA|VA)||1||$3,105,000||$3,105,000||$0||5.53%|
|ST. LOUIS, MO-IL (FHA|USDA|VA)||3||$1,515,000||$505,000||$3,293||5.11%|
|TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA)||1||$1,045,000||$1,045,000||$8,071||3.75%|
|NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN (FHA|USDA|VA)||2||$640,000||$320,000||$3,424||3.25%|
|SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA)||1||$565,000||$565,000||$3,114||2.38%|
|Sevierville, TN (FHA|USDA|VA)||1||$505,000||$505,000||$0||6.74%|
|PANAMA CITY, FL (FHA|USDA|VA)||1||$465,000||$465,000||$0||6.15%|
|Mount Vernon, IL (FHA|USDA|VA)||6||$410,000||$68,333||$2,332||4.31%|
|PUNTA GORDA, FL (FHA|USDA|VA)||1||$385,000||$385,000||$4,464||5.13%|
|Centralia, IL (FHA|USDA|VA)||2||$370,000||$185,000||$2,463||4.13%|
|LEXINGTON-FAYETTE, KY (FHA|USDA|VA)||1||$355,000||$355,000||$3,307||6.56%|
|DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA)||1||$285,000||$285,000||$3,678||4.75%|
|Vincennes, IN (FHA|USDA|VA)||2||$210,000||$105,000||$0||4.38%|
|Sikeston, MO (FHA|USDA|VA)||1||$185,000||$185,000||$0||4.75%|
|ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA)||1||$175,000||$175,000||$0||5.75%|
|CLARKSVILLE, TN-KY (FHA|USDA|VA)||1||$135,000||$135,000||$0||4.50%|
|JEFFERSON CITY, MO (FHA|USDA|VA)||1||$125,000||$125,000||$2,633||4.13%|
|Loan Type||Originations||Total Value||Avg. Loan||Avg. Fees||Avg. Rate|
For 2022, Banterra Bank's most frequently originated type of loan was Conventional, with 281 originations.
For 2022, Banterra Bank's most frequently cited loan purpose was Home Purchase, with 181 originations. The 2nd most popular reason was Refi, with 41 originations.
For 2022, Banterra Bank's most frequently cited loan duration was 30 Year, with 176 originations. The 2nd most popular length was 5 Year, with 36 originations.
Origination Fees/Closing Costs
|Origination Fee/Closing Cost||Originations||Total Value||Average Loan|
Banterra Bank's average total fees were $3,124, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 178 originations.
During 2022, Banterra Bank's average interest rate for loans was 5.02%, while their most frequently originated rate bucket for loans was 4-5%, with 79 originations.
2022 saw Banterra Bank place emphasis on $100,000 or less loans with 101 originations, totaling $5,945,000 in origination value.
Banterra Bank lent most frequently to those with incomes in the $100k-150k range, with 55 originations. The second most popular income band? $50k or less, with 51 originations.
Applicant Debt to Income Ratio
Banterra Bank lent most frequently to those with DTI ratios of 20-30%, with 77 originations. The next most common DTI ratio? 30-36%, with 50 originations.
Approval RatesTotal approvals of all applications
Banterra Bank has a below average approval rate.
Pick RateApprovals leading to origination
Banterra Bank 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|