Banterra Bank Mortgage Rates, Fees & Info

Marion, IL

LEI: 549300NGCDNC9174EF79

Tax ID: 37-0723369

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

    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: 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.

    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 7.12% 4/28/24
    30 Year Conventional Refi 7.21% 4/28/24
    30 Year Cash-out Refi 6.84% 4/28/24
    30 Year FHA Purchase 6.27% 4/28/24
    30 Year USDA Purchase 6.97% 4/28/24
    30 Year USDA Refi 6.27% 4/28/24
    15 Year Conventional Purchase 6.49% 4/28/24
    15 Year Conventional Refi 5.88% 4/28/24
    15 Year Cash-out Refi 5.88% 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.

    Banterra Bank Mortgage Calculator






    Your Estimates

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

    This is not an official calculator from Banterra 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

    281

    Origination Dollar Volume (All Markets)

    $72,145,000

    Awards

    Banterra Bank 30 Year Conventional Loans gold Banterra Bank 30 Year Conventional Loans silver Banterra Bank 30 Year Conventional Loans bronze Banterra Bank 30 Year Conventional Loans gold
    Show all (4) 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
    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%
    Banterra Bank's top markets include Evansville, Carbondale, Phoenix, Cape Girardeau, and Salt Lake City among others.

    Their top states include:
  • Illinois (FHA|USDA|VA)
  • Utah (FHA|USDA|VA)
  • Indiana (FHA|USDA|VA)
  • Arizona (FHA|USDA|VA)
  • Kentucky (FHA|USDA|VA)

    • 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.

    SIU
    Similarity Rank: 20
    EVANSVILLE
    Similarity Rank: 21
    CRANE
    Similarity Rank: 34
    BOONVILLE FEDERAL SAVINGS BANK
    Similarity Rank: 42
    First Mid Bank & Trust
    Similarity Rank: 144
    Peoples National Bank , N.A.
    Similarity Rank: 182
    Heritage Federal Credit Union
    Similarity Rank: 232
    The Bank of Missouri
    Similarity Rank: 235
    First State Community Bank
    Similarity Rank: 336
    The Paducah Bank and Trust Company
    Similarity Rank: 375

    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

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 181 $52,285,000 $288,867 $3,215 5.05%
    Refi 41 $9,395,000 $229,146 $2,372 4.67%
    Cash Out Refi 38 $8,070,000 $212,368 $3,109 4.32%
    Other 19 $2,035,000 $107,105 $1,755 5.59%
    Home Improvement 2 $360,000 $180,000 $2,176 4.43%

    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

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 176 $37,180,000 $211,250 $3,124 5.02%
    5 Year 36 $13,490,000 $374,722 $150 5.28%
    15 Year 32 $5,680,000 $177,500 $2,629 4.04%
    10 Year 13 $4,825,000 $371,154 $1,195 5.33%
    20 Year 13 $1,435,000 $110,385 $2,421 4.73%
    Other 7 $7,885,000 $1,126,429 $2,867 4.15%
    3 Year 2 $210,000 $105,000 $0 6.60%
    30+ year 1 $1,255,000 $1,255,000 $11,574 4.88%
    1 Year 1 $185,000 $185,000 $0 4.75%

    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
    $<1k 178 $35,300,000 $198,315
    $1k-2k 26 $3,890,000 $149,615
    $2k-3k 15 $2,975,000 $198,333
    $3k-4k 6 $1,410,000 $235,000
    $5k+ 4 $1,520,000 $380,000
    $4k-5k 3 $1,135,000 $378,333

    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

    Loan Rate Originations Total Value Average Loan
    4-5% 79 $19,685,000 $249,177
    5-6% 71 $17,635,000 $248,380
    3-4% 67 $23,685,000 $353,507
    6-7% 38 $7,150,000 $188,158
    7-8% 12 $870,000 $72,500
    2.5-3% 10 $2,220,000 $222,000
    Over 8% 2 $70,000 $35,000
    <2.5% 2 $830,000 $415,000

    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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 101 $5,945,000 $58,861 $2,280 5.28%
    $100k-200k 81 $11,615,000 $143,395 $2,607 4.75%
    $200k-400k 63 $18,045,000 $286,429 $3,274 4.74%
    $400k-600k 21 $10,365,000 $493,571 $3,704 4.77%
    $1MM+ 9 $22,255,000 $2,472,778 $9,822 4.63%
    $600k-1MM 6 $3,920,000 $653,333 $8,513 4.61%

    2022 saw Banterra Bank place emphasis on $100,000 or less loans with 101 originations, totaling $5,945,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 55 $12,115,000 $220,273 $3,553 4.87%
    $50k or less 51 $4,575,000 $89,706 $2,285 5.09%
    $50k-75k 48 $5,670,000 $118,125 $2,472 4.96%
    $150k-250k 37 $11,385,000 $307,703 $3,519 4.78%
    $75k-100k 24 $2,780,000 $115,833 $2,613 5.15%
    $250k+ 21 $9,485,000 $451,667 $3,998 4.57%

    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

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 77 $15,345,000 $199,286 $2,882 4.98%
    30-36% 50 $9,420,000 $188,400 $2,638 5.07%
    <20% 38 $6,740,000 $177,368 $2,483 4.83%
    40% 11 $2,795,000 $254,091 $4,325 4.76%
    38% 9 $2,945,000 $327,222 $4,964 4.58%
    41% 8 $1,220,000 $152,500 $2,973 5.00%
    45% 8 $1,190,000 $148,750 $2,800 3.69%
    39% 5 $955,000 $191,000 $4,639 5.33%
    47% 5 $1,285,000 $257,000 $3,382 5.00%
    43% 5 $1,075,000 $215,000 $2,830 4.31%
    36% 5 $875,000 $175,000 $2,329 4.92%
    42% 4 $480,000 $120,000 $3,636 5.71%
    37% 2 $310,000 $155,000 $2,289 4.71%
    44% 2 $570,000 $285,000 $2,618 3.75%
    46% 1 $125,000 $125,000 $2,102 6.25%
    48% 1 $525,000 $525,000 $4,192 3.38%
    49% 1 $375,000 $375,000 $4,456 4.13%

    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

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 223 $42,125,000 $188,901 $2,855 4.92%
    Not applicable 41 $25,265,000 $616,220 $0 4.92%
    Not provided 8 $2,780,000 $347,500 $4,134 5.32%
    Black 4 $1,310,000 $327,500 $7,120 5.39%
    Asian 3 $485,000 $161,667 $2,793 4.32%
    American Indian 2 $180,000 $90,000 $2,594 4.82%

    Approval Rates

    Total approvals of all applications
    82.78%

    Banterra Bank has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    54.45%

    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

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    281 $72,145,000 $256,744

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 15 $1,685,000 $112,333 $2,363 5.26%
    40-60% 34 $5,880,000 $172,941 $2,936 5.04%
    60-80% 99 $25,355,000 $256,111 $3,260 4.70%
    80-100% 128 $38,980,000 $304,531 $2,873 5.05%
    Over 100% 1 $45,000 $45,000 $1,141 4.80%
    Under 20% 2 $60,000 $30,000 $885 5.17%