Sentinel Federal Credit Union Mortgage Rates, Fees & Info
Ellsworth, SDLEI: 549300SQN9E467RQOF48
Tax ID: 46-0248915
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Sentinel Federal Credit Union is a smaller credit union specializing in Refi, Cash Out Refi, and Home Purchase loans. Sentinel Federal Credit Union has a high proportion of conventional loans. Their top (well, only) market is Rapid City.Sentinel Federal Credit Union 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.
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Originations
50Origination Dollar Volume (All Markets)
$4,560,000Top 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 |
---|---|---|---|---|---|
RAPID CITY, SD (FHA|USDA|VA) | 35 | $3,075,000 | $87,857 | $1,360 | 5.51% |
Outside of Metro Areas | 15 | $1,485,000 | $99,000 | $2,071 | 4.93% |
Their top states include:
Product Mix
Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
---|---|---|---|---|---|
Conventional | 50 | $4,560,000 | $91,200 | $1,567 | 5.33% |
For 2018, Sentinel Federal Credit Union's most frequently originated type of loan was Conventional, with 50 originations.
Loan Reason
For 2018, Sentinel Federal Credit Union's most frequently cited loan purpose was Refi, with 19 originations. The 2nd most popular reason was Cash Out Refi, with 11 originations.
Loan Duration/Length
For 2018, Sentinel Federal Credit Union's most frequently cited loan duration was 15 Year, with 27 originations. The 2nd most popular length was 10 Year, with 13 originations.
Origination Fees/Closing Costs
Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
---|---|---|---|
$<1k | 30 | $1,400,000 | $46,667 |
$1k-2k | 11 | $1,425,000 | $129,545 |
$2k-3k | 5 | $935,000 | $187,000 |
$3k-4k | 2 | $590,000 | $295,000 |
Sentinel Federal Credit Union's average total fees were $0, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 30 originations.
Interest Rates
Loan Rate | Originations | Total Value | Average Loan |
---|---|---|---|
5-6% | 21 | $1,235,000 | $58,810 |
4-5% | 14 | $1,770,000 | $126,429 |
6-7% | 7 | $475,000 | $67,857 |
3-4% | 5 | $815,000 | $163,000 |
7-8% | 2 | $90,000 | $45,000 |
During 2018, Sentinel Federal Credit Union's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 5-6%, with 21 originations.
Loan Sizing
2018 saw Sentinel Federal Credit Union place emphasis on $100,000 or less loans with 32 originations, totaling $1,410,000 in origination value.
Applicant Income
Sentinel Federal Credit Union lent most frequently to those with incomes in the $75k-100k range, with 18 originations. The second most popular income band? $50k-75k, with 11 originations.
Applicant Debt to Income Ratio
Sentinel Federal Credit Union lent most frequently to those with DTI ratios of 30-36%, with 10 originations. The next most common DTI ratio? <20%, with 5 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications96.55%
Sentinel Federal Credit Union has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination88.00%
Sentinel Federal Credit Union has an average pick rate.
Points and Fees
Points | Originations | Total Value | Average Loan |
---|---|---|---|
NA | 50 | $4,560,000 | $91,200 |
Occupancy Type Mix
Dwelling Type | Originations | Total Value | Average Loan |
---|---|---|---|
Single Family (1-4 Units):Manufactured | 8 | $710,000 | $88,750 |
Single Family (1-4 Units):Site-Built | 42 | $3,850,000 | $91,667 |
LTV Distribution
Complaints
Bank Name | Product | Issue | 2018 CPFB Complaints | % of Total Issues |
---|---|---|---|---|
SANTANDER BANK, NATIONAL ASSOCIATION | Other type of mortgage | Closing on a mortgage | 1 | 1.2% |
SANTANDER BANK, NATIONAL ASSOCIATION | Other type of mortgage | Trouble during payment process | 10 | 12.0% |
SANTANDER BANK, NATIONAL ASSOCIATION | Home equity loan or line of credit (HELOC) | Trouble during payment process | 9 | 10.8% |
SANTANDER BANK, NATIONAL ASSOCIATION | Other type of mortgage | Struggling to pay mortgage | 6 | 7.2% |
SANTANDER BANK, NATIONAL ASSOCIATION | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 2 | 2.4% |
SANTANDER BANK, NATIONAL ASSOCIATION | Conventional home mortgage | Closing on a mortgage | 2 | 2.4% |
SANTANDER BANK, NATIONAL ASSOCIATION | Conventional home mortgage | Problem with a credit reporting company's investigation into an existing problem | 2 | 2.4% |
SANTANDER BANK, NATIONAL ASSOCIATION | Conventional home mortgage | Struggling to pay mortgage | 7 | 8.4% |
SANTANDER BANK, NATIONAL ASSOCIATION | Conventional home mortgage | Trouble during payment process | 39 | 47.0% |
SANTANDER BANK, NATIONAL ASSOCIATION | FHA mortgage | Trouble during payment process | 1 | 1.2% |
SANTANDER BANK, NATIONAL ASSOCIATION | Home equity loan or line of credit (HELOC) | Applying for a mortgage or refinancing an existing mortgage | 2 | 2.4% |
SANTANDER BANK, NATIONAL ASSOCIATION | Home equity loan or line of credit (HELOC) | Closing on a mortgage | 1 | 1.2% |
SANTANDER BANK, NATIONAL ASSOCIATION | Home equity loan or line of credit (HELOC) | Struggling to pay mortgage | 1 | 1.2% |