Siu Mortgage Rates, Fees & Info
Carbondale, ILLEI: 549300VLXW0YGTWFT173
Tax ID: 37-0722141
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Mortgage Data
Review & Overview
Siu is a smaller mortgage company specializing in Home Purchase loans. Siu has a high proportion of conventional loans. Their top two markets are Carbondale and Paducah .Siu 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. Siu 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 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
---|---|---|
30 Year Conventional Purchase | 6.05% | 12/7/24 |
30 Year Conventional Refi | 6.01% | 12/7/24 |
30 Year Cash-out Refi | 6.29% | 12/7/24 |
15 Year Conventional Purchase | 6.04% | 12/7/24 |
15 Year Conventional Refi | 6.00% | 12/7/24 |
15 Year Cash-out Refi | 6.00% | 12/7/24 |
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. |
Siu Mortgage Calculator
Your Estimates
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This is not an official calculator from Siu. 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
103Origination Dollar Volume (All Markets)
$14,365,000SIU - 2023
SIU is a 2023 , due to their low .
For 2023, less than of lenders were eligible for this award.
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Relative Rate
Siu's average 30 year fixed mortgage rate was
6.04%.
The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.
This yields a difference of -0.44%.
Relative Fees (Closing Costs)
Siu's average total fees/closing costs for a 30 year fixed rate
mortgage were $1,991.
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 |
---|---|---|---|---|---|
CARBONDALE-MARION, IL (FHA|USDA|VA) | 69 | $10,895,000 | $157,899 | $2,009 | 5.88% |
Outside of Metro Areas | 32 | $3,300,000 | $103,125 | $1,908 | 6.50% |
Paducah, KY-IL (FHA|USDA|VA) | 2 | $170,000 | $85,000 | $2,104 | 7.00% |
Similar Lenders
We use machine learning to identify the top lenders compared against SIU based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
Similarity Rank: 6
Similarity Rank: 128
Similarity Rank: 168
Similarity Rank: 299
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Similarity Rank: 2184
Similarity Rank: 2415
Similarity Rank: 3645
Similarity Rank: 11312
Similarity Rank: 12435
Product Mix
Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
---|---|---|---|---|---|
Conventional | 103 | $14,365,000 | $139,466 | $1,983 | 6.09% |
For 2023, Siu's most frequently originated type of loan was Conventional, with 103 originations.
Loan Reason
For 2023, Siu's most frequently cited loan purpose was Home Purchase, with 79 originations. The 2nd most popular reason was Cash Out Refi, with 11 originations.
Loan Duration/Length
Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
---|---|---|---|---|---|
30 Year | 90 | $13,060,000 | $145,111 | $1,991 | 6.04% |
20 Year | 8 | $1,050,000 | $131,250 | $0 | 6.22% |
15 Year | 5 | $255,000 | $51,000 | $1,738 | 6.78% |
For 2023, Siu's most frequently cited loan duration was 30 Year, with 90 originations. The 2nd most popular length was 20 Year, with 8 originations.
Origination Fees/Closing Costs
Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
---|---|---|---|
$<1k | 91 | $12,945,000 | $142,253 |
$3k-4k | 2 | $300,000 | $150,000 |
Siu's average total fees were $1,991, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 91 originations.
Interest Rates
During 2023, Siu's average interest rate for loans was 6.04%, while their most frequently originated rate bucket for loans was 5-6%, with 48 originations.
Loan Sizing
2023 saw Siu place emphasis on $100k-200k loans with 43 originations, totaling $5,985,000 in origination value.
Applicant Income
Siu lent most frequently to those with incomes in the $50k-75k range, with 31 originations. The second most popular income band? $75k-100k, with 22 originations.
Applicant Debt to Income Ratio
Siu lent most frequently to those with DTI ratios of 20-30%, with 37 originations. The next most common DTI ratio? 30-36%, with 16 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications88.46%
Siu has an average approval rate.
Pick Rate
Approvals leading to origination70.87%
Siu has a below average pick rate.
Points and Fees
Points | Originations | Total Value | Average Loan |
---|---|---|---|
NA | 103 | $14,365,000 | $139,466 |