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 Home Purchase loans. Banterra Bank has a high proportion of conventional loans. Their top markets by origination volume include: Phoenix, Owensboro, Evansville, Provo, and Heber among others. We have data for 20 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. 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 | 6.70% | 4/5/25 |
| 30 Year Conventional Refi | 6.85% | 4/5/25 |
| 30 Year Cash-out Refi | 6.56% | 4/5/25 |
| 30 Year FHA Purchase | 7.56% | 4/5/25 |
| 30 Year FHA Refi | 7.23% | 4/5/25 |
| 30 Year VA Purchase | 6.72% | 4/5/25 |
| 30 Year USDA Purchase | 7.51% | 4/5/25 |
| 15 Year Conventional Purchase | 6.20% | 4/5/25 |
| 15 Year Conventional Refi | 5.78% | 4/5/25 |
| 15 Year Cash-out Refi | 5.78% | 4/5/25 |
| 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. | ||
Banterra Bank Mortgage Calculator
Your Estimates
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This is not an official calculator from Banterra Bank. It uses our SimulatedRate™
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
181Origination Dollar Volume (All Markets)
$76,675,000Relative Rate
Banterra Bank's average 30 year fixed mortgage rate was
6.56%.
The 2024 average 30 year fixed rate mortgage across all markets and lenders was 6.55%.
This yields a difference of 0.01%.
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 |
|---|---|---|---|---|---|
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 13 | $13,555,000 | $1,042,692 | $0 | 6.59% |
| OWENSBORO, KY (FHA|USDA|VA) | 2 | $8,630,000 | $4,315,000 | $0 | 6.69% |
| EVANSVILLE, IN-KY (FHA|USDA|VA) | 29 | $7,875,000 | $271,552 | $0 | 7.29% |
| PROVO-OREM, UT (FHA|USDA|VA) | 6 | $7,210,000 | $1,201,667 | $0 | 6.83% |
| Heber, UT (FHA|USDA|VA) | 5 | $7,195,000 | $1,439,000 | $0 | 7.14% |
| CARBONDALE-MARION, IL (FHA|USDA|VA) | 34 | $6,900,000 | $202,941 | $0 | 6.87% |
| SALT LAKE CITY, UT (FHA|USDA|VA) | 4 | $5,790,000 | $1,447,500 | $0 | 6.59% |
| Outside of Metro Areas | 41 | $5,445,000 | $132,805 | $0 | 6.98% |
| CAPE GIRARDEAU, MO-IL (FHA|USDA|VA) | 26 | $4,920,000 | $189,231 | $0 | 6.76% |
| OGDEN-CLEARFIELD, UT (FHA|USDA|VA) | 3 | $2,975,000 | $991,667 | $0 | 6.54% |
| Paducah, KY-IL (FHA|USDA|VA) | 9 | $1,205,000 | $133,889 | $0 | 6.74% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 1 | $1,005,000 | $1,005,000 | $0 | 6.75% |
| ST. GEORGE, UT (FHA|USDA|VA) | 1 | $995,000 | $995,000 | $0 | 6.38% |
| TUCSON, AZ (FHA|USDA|VA) | 1 | $655,000 | $655,000 | $0 | 7.00% |
| YUMA, AZ (FHA|USDA|VA) | 1 | $625,000 | $625,000 | $0 | 7.00% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 1 | $565,000 | $565,000 | $0 | 6.62% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 1 | $485,000 | $485,000 | $0 | 6.50% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $0 | 7.75% |
| Mount Vernon, IL (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $0 | 5.99% |
| Sikeston, MO (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 6.49% |
Similar Lenders
We use machine learning to identify the top lenders compared against Banterra Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
Similarity Rank: 6
Similarity Rank: 117
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 181 | $76,675,000 | $423,619 | $0 | 6.90% |
For 2024, Banterra Bank's most frequently originated type of loan was Conventional, with 181 originations.
Loan Reason
For 2024, Banterra Bank's most frequently cited loan purpose was Home Purchase, with 151 originations. The 2nd most popular reason was Refi, with 14 originations.
Loan Duration/Length
For 2024, Banterra Bank's most frequently cited loan duration was 30 Year, with 115 originations. The 2nd most popular length was 5 Year, with 29 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 118 | $36,910,000 | $312,797 |
| $1k-2k | 23 | $23,965,000 | $1,041,957 |
| $2k-3k | 2 | $430,000 | $215,000 |
Banterra Bank's average total fees were $0, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 118 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 101 | $49,625,000 | $491,337 |
| 7-8% | 41 | $17,255,000 | $420,854 |
| 5-6% | 22 | $8,390,000 | $381,364 |
| Over 8% | 16 | $1,250,000 | $78,125 |
During 2024, Banterra Bank's average interest rate for loans was 6.56%, while their most frequently originated rate bucket for loans was 6-7%, with 101 originations.
Loan Sizing
2024 saw Banterra Bank place emphasis on $100k-200k loans with 52 originations, totaling $7,340,000 in origination value.
Applicant Income
Banterra Bank lent most frequently to those with incomes in the $250k+ range, with 40 originations. The second most popular income band? $150k-250k, with 27 originations.
Applicant Debt to Income Ratio
Banterra Bank lent most frequently to those with DTI ratios of 20-30%, with 38 originations. The next most common DTI ratio? 30-36%, with 24 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications81.10%
Banterra Bank has a below average approval rate.
Pick Rate
Approvals leading to origination52.49%
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 |
|---|---|---|---|
| 0.0 | 143 | $61,305,000 | $428,706 |
| NA | 38 | $15,370,000 | $404,474 |