Banterra Bank Mortgage Rates, Fees & Info
Marion, ILLEI: 549300NGCDNC9174EF79
Tax ID: 37-0723369
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Mortgage Data
Review & Overview
Banterra 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.
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 | 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. | ||
Originations
281Origination Dollar Volume (All Markets)
$72,145,000Relative Rate
Banterra Bank's average 30 year fixed mortgage rate was
5.02%.
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.
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 |
|---|---|---|---|---|---|
| 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% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 281 | $72,145,000 | $256,744 | $2,964 | 4.93% |
For 2022, Banterra Bank's most frequently originated type of loan was Conventional, with 281 originations.
Loan Reason
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.
Loan Duration/Length
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
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.
Interest Rates
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.
Loan Sizing
2022 saw Banterra Bank place emphasis on $100,000 or less loans with 101 originations, totaling $5,945,000 in origination value.
Applicant Income
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.
Ethnicity Mix
Approval Rates
Total approvals of all applications82.78%
Banterra Bank has a below average approval rate.
Pick Rate
Approvals leading to origination54.45%
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 |
|---|---|---|---|
| NA | 281 | $72,145,000 | $256,744 |