Cibm Bank Mortgage Rates, Fees & Info
Champaign, ILLEI: 549300RIPPSJXAQKZ383
Tax ID: 37-0158730
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Mortgage Data
Review & Overview
Cibm Bank is a smaller bank specializing in Home Purchase loans. Cibm Bank has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Chicago, Milwaukee, New York, Whitewater, and Sheboygan among others. We have data for 98 markets. (Some data included below & more in-depth data is available with an active subscription.)Cibm 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. Cibm Bank is typically an average 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 relatively high 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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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.80% | 11/17/24 |
| 30 Year Conventional Refi | 6.60% | 11/17/24 |
| 30 Year Cash-out Refi | 6.84% | 11/17/24 |
| 30 Year FHA Purchase | 7.54% | 11/17/24 |
| 30 Year VA Purchase | 6.54% | 11/17/24 |
| 30 Year VA Refi | 6.43% | 11/17/24 |
| 30 Year USDA Purchase | 7.27% | 11/17/24 |
| 15 Year Conventional Purchase | 5.93% | 11/17/24 |
| 15 Year Conventional Refi | 5.95% | 11/17/24 |
| 15 Year Cash-out Refi | 5.95% | 11/17/24 |
| 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. | ||
Cibm Bank Mortgage Calculator
Your Estimates
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This is not an official calculator from Cibm 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
906Origination Dollar Volume (All Markets)
$270,190,000Awards
CIBM Bank - 2023
CIBM Bank is a 2023 , due to their low .
For 2023, less than of lenders were eligible for this award.
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Relative Rate
Cibm Bank's average 30 year fixed mortgage rate was
6.75%.
The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.
This yields a difference of 0.27%.
Relative Fees (Closing Costs)
Cibm Bank's average total fees/closing costs for a 30 year fixed rate
mortgage were $5,727.
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 $9,089.
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 |
|---|---|---|---|---|---|
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 365 | $106,635,000 | $292,151 | $6,222 | 6.75% |
| MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 96 | $25,310,000 | $263,646 | $3,359 | 6.71% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 43 | $20,715,000 | $481,744 | $7,242 | 6.74% |
| Whitewater, WI (FHA|USDA|VA) | 20 | $9,490,000 | $474,500 | $4,595 | 6.97% |
| SHEBOYGAN, WI (FHA|USDA|VA) | 47 | $9,025,000 | $192,021 | $3,169 | 6.72% |
| PEORIA, IL (FHA|USDA|VA) | 65 | $8,215,000 | $126,385 | $3,724 | 6.45% |
| WORCESTER, MA-CT (FHA|USDA|VA) | 24 | $7,950,000 | $331,250 | $6,405 | 6.92% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 11 | $7,025,000 | $638,636 | $5,107 | 6.11% |
| CHAMPAIGN-URBANA, IL (FHA|USDA|VA) | 6 | $6,580,000 | $1,096,667 | $4,014 | 6.93% |
| BLOOMINGTON, IL (FHA|USDA|VA) | 10 | $5,910,000 | $591,000 | $5,697 | 6.94% |
| SPRINGFIELD, MA (FHA|USDA|VA) | 18 | $4,260,000 | $236,667 | $7,247 | 6.94% |
| PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) | 12 | $4,040,000 | $336,667 | $7,764 | 6.84% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 8 | $3,490,000 | $436,250 | $8,706 | 7.22% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 7 | $2,645,000 | $377,857 | $7,651 | 6.23% |
| Outside of Metro Areas | 12 | $2,480,000 | $206,667 | $4,520 | 7.16% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 7 | $2,025,000 | $289,286 | $4,843 | 6.86% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 4 | $1,930,000 | $482,500 | $3,548 | 6.75% |
| ROCKFORD, IL (FHA|USDA|VA) | 14 | $1,930,000 | $137,857 | $5,352 | 6.69% |
| Lebanon, NH-VT (FHA|USDA|VA) | 1 | $1,835,000 | $1,835,000 | $9,719 | 4.38% |
| RACINE, WI (FHA|USDA|VA) | 4 | $1,810,000 | $452,500 | $5,055 | 6.97% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 6 | $1,790,000 | $298,333 | $5,318 | 6.63% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 3 | $1,725,000 | $575,000 | $9,072 | 7.13% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 5 | $1,425,000 | $285,000 | $5,172 | 6.40% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 5 | $1,365,000 | $273,000 | $7,946 | 5.80% |
| BARNSTABLE TOWN, MA (FHA|USDA|VA) | 3 | $1,175,000 | $391,667 | $4,080 | 5.58% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 3 | $1,085,000 | $361,667 | $8,055 | 6.75% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 2 | $1,040,000 | $520,000 | $7,408 | 6.00% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 3 | $1,015,000 | $338,333 | $4,643 | 7.00% |
| MADISON, WI (FHA|USDA|VA) | 2 | $1,010,000 | $505,000 | $2,425 | 6.56% |
| DECATUR, IL (FHA|USDA|VA) | 13 | $975,000 | $75,000 | $2,641 | 4.27% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 4 | $960,000 | $240,000 | $9,257 | 5.66% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 1 | $955,000 | $955,000 | $7,201 | 4.63% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 2 | $840,000 | $420,000 | $7,702 | 6.63% |
| Ottawa, IL (FHA|USDA|VA) | 4 | $730,000 | $182,500 | $5,608 | 6.41% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 1 | $725,000 | $725,000 | $5,740 | 7.50% |
| COLUMBUS, OH (FHA|USDA|VA) | 1 | $725,000 | $725,000 | $5,178 | 6.13% |
| FOND DU LAC, WI (FHA|USDA|VA) | 3 | $665,000 | $221,667 | $3,233 | 6.21% |
| SPRINGFIELD, IL (FHA|USDA|VA) | 3 | $605,000 | $201,667 | $3,926 | 6.62% |
| KILLEEN-TEMPLE, TX (FHA|USDA|VA) | 2 | $600,000 | $300,000 | $8,463 | 6.82% |
| BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) | 1 | $595,000 | $595,000 | $6,343 | 7.50% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 1 | $585,000 | $585,000 | $5,042 | 7.50% |
| El Dorado, AR (FHA|USDA|VA) | 1 | $565,000 | $565,000 | $6,159 | 7.13% |
| Torrington, CT (FHA|USDA|VA) | 1 | $555,000 | $555,000 | $18,880 | 7.63% |
| JANESVILLE-BELOIT, WI (FHA|USDA|VA) | 2 | $540,000 | $270,000 | $5,071 | 6.56% |
| PITTSFIELD, MA (FHA|USDA|VA) | 2 | $520,000 | $260,000 | $9,666 | 6.00% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 2 | $470,000 | $235,000 | $5,402 | 5.25% |
| Manitowoc, WI (FHA|USDA|VA) | 3 | $465,000 | $155,000 | $2,399 | 4.63% |
| TALLAHASSEE, FL (FHA|USDA|VA) | 1 | $465,000 | $465,000 | $17,097 | 5.75% |
| OCEAN CITY, NJ (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $0 | 5.63% |
| COLUMBIA, SC (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $10,965 | 6.63% |
| POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $12,041 | 7.00% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 2 | $400,000 | $200,000 | $6,615 | 6.56% |
| OGDEN-CLEARFIELD, UT (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $4,601 | 7.50% |
| RICHMOND, VA (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $3,937 | 7.13% |
| GOLDSBORO, NC (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $7,053 | 7.50% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $6,157 | 5.00% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $8,703 | 6.88% |
| ALBUQUERQUE, NM (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $5,557 | 7.38% |
| Seneca, SC (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $7,595 | 6.88% |
| THE VILLAGES, FL (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $4,933 | 6.25% |
| Galesburg, IL (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $4,581 | 7.38% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $4,298 | 7.00% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 2 | $360,000 | $180,000 | $2,365 | 6.94% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $5,445 | 6.63% |
| KNOXVILLE, TN (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $4,532 | 7.50% |
| KANKAKEE, IL (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $11,260 | 7.75% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $4,801 | 5.63% |
| DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $6,385 | 6.50% |
| ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $11,573 | 6.75% |
| McMinnville, TN (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $9,295 | 7.13% |
| LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $7,336 | 7.50% |
| WAUSAU-WESTON, WI (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $3,536 | 6.13% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $6,556 | 6.63% |
| Sevierville, TN (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $4,377 | 7.50% |
| KALAMAZOO-PORTAGE, MI (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $2,999 | 6.00% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $7,695 | 7.50% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $6,290 | 6.50% |
| CEDAR RAPIDS, IA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $2,992 | 7.38% |
| OCALA, FL (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $3,847 | 6.50% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $6,663 | 6.12% |
| SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $1,902 | 6.38% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $4,330 | 4.75% |
| LA CROSSE-ONALASKA, WI-MN (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $3,988 | 4.75% |
| APPLETON, WI (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $6,012 | 7.63% |
| Beaver Dam, WI (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $2,283 | 6.00% |
| Marquette, MI (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $2,760 | 6.38% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $4,101 | 8.00% |
| Pontiac, IL (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $2,308 | 7.50% |
| Iron Mountain, MI-WI (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $3,251 | 7.63% |
| Lincoln, IL (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $3,307 | 6.38% |
| Sterling, IL (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $4,407 | 6.75% |
| Platteville, WI (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $2,802 | 7.13% |
| MICHIGAN CITY-LA PORTE, IN (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 6.99% |
| Freeport, IL (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $3,206 | 6.50% |
| CARBONDALE-MARION, IL (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 7.13% |
| DANVILLE, IL (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $2,061 | 7.00% |
| Macomb, IL (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $2,595 | 6.38% |
| Escanaba, MI (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $1,728 | 6.50% |
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Product Mix
For 2023, Cibm Bank's most frequently originated type of loan was Conventional, with 753 originations. Their 2nd most popular type was FHA, with 130 originations.
Loan Reason
For 2023, Cibm Bank's most frequently cited loan purpose was Home Purchase, with 804 originations. The 2nd most popular reason was Cash Out Refi, with 52 originations.
Loan Duration/Length
For 2023, Cibm Bank's most frequently cited loan duration was 30 Year, with 817 originations. The 2nd most popular length was 15 Year, with 54 originations.
Origination Fees/Closing Costs
Cibm Bank's average total fees were $5,727, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 398 originations.
Interest Rates
During 2023, Cibm Bank's average interest rate for loans was 6.75%, while their most frequently originated rate bucket for loans was 6-7%, with 388 originations.
Loan Sizing
2023 saw Cibm Bank place emphasis on $200k-400k loans with 418 originations, totaling $119,870,000 in origination value.
Applicant Income
Cibm Bank lent most frequently to those with incomes in the $100k-150k range, with 206 originations. The second most popular income band? $50k-75k, with 183 originations.
Applicant Debt to Income Ratio
Cibm Bank lent most frequently to those with DTI ratios of 30-36%, with 164 originations. The next most common DTI ratio? 20-30%, with 139 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications93.85%
Cibm Bank has an average approval rate.
Pick Rate
Approvals leading to origination74.28%
Cibm Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 906 | $270,190,000 | $298,223 |