Siu Mortgage Rates, Fees & Info

Carbondale, IL

LEI: 549300VLXW0YGTWFT173

Tax ID: 37-0722141

5 stars - Updated: 11/17/24 - out of 5 stars, based on 10 reviews

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Relative Rates
  • Relative Fees
  • 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

    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.

    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 6.05% 11/17/24
    30 Year Conventional Refi 6.01% 11/17/24
    30 Year Cash-out Refi 6.29% 11/17/24
    15 Year Conventional Purchase 6.04% 11/17/24
    15 Year Conventional Refi 6.00% 11/17/24
    15 Year Cash-out Refi 6.00% 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.

    Siu Mortgage Calculator






    Your Estimates

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

    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

    103

    Origination Dollar Volume (All Markets)

    $14,365,000
    Show all (6) awards

    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%
    Siu's top markets include Carbondale and Paducah among others.

    Their top states include:
  • Illinois (FHA|USDA|VA)

    • 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.

    SIU
    Similarity Rank: 6
    Peoples National Bank , N.A.
    Similarity Rank: 128
    First Mid Bank & Trust
    Similarity Rank: 168
    Banterra Bank
    Similarity Rank: 299
    Mortgage Research Center, LLC
    Similarity Rank: 1836
    FirstTrust Home Loans, Inc.
    Similarity Rank: 2184
    GERSHMAN INVESTMENT CORP.
    Similarity Rank: 2415
    FLAT BRANCH MORTGAGE, INC.
    Similarity Rank: 3645
    Flagstar Bank, FSB
    Similarity Rank: 11312
    U.S. Bank
    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

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 79 $10,545,000 $133,481 $1,928 6.15%
    Cash Out Refi 11 $1,465,000 $133,182 $2,289 6.40%
    Refi 8 $1,800,000 $225,000 $2,155 5.63%
    Home Improvement 5 $555,000 $111,000 $2,126 5.25%

    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

    Loan Rate Originations Total Value Average Loan
    5-6% 48 $7,880,000 $164,167
    6-7% 34 $4,060,000 $119,412
    7-8% 10 $750,000 $75,000
    4-5% 7 $1,135,000 $162,143
    3-4% 2 $310,000 $155,000
    Over 8% 2 $230,000 $115,000

    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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 43 $5,985,000 $139,186 $1,832 6.05%
    $100,000 or less 40 $2,680,000 $67,000 $2,001 6.31%
    $200k-400k 18 $4,860,000 $270,000 $2,249 5.78%
    $400k-600k 2 $840,000 $420,000 $1,822 5.50%

    2023 saw Siu place emphasis on $100k-200k loans with 43 originations, totaling $5,985,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 31 $3,255,000 $105,000 $1,979 6.19%
    $75k-100k 22 $3,390,000 $154,091 $1,858 6.02%
    $100k-150k 21 $4,025,000 $191,667 $2,112 5.96%
    $50k or less 18 $1,450,000 $80,556 $2,034 6.46%
    $150k-250k 7 $1,145,000 $163,571 $1,968 5.50%
    $250k+ 3 $955,000 $318,333 $1,931 5.50%

    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

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 37 $6,535,000 $176,622 $2,025 5.88%
    30-36% 16 $2,010,000 $125,625 $2,105 5.98%
    <20% 16 $1,370,000 $85,625 $1,855 6.11%
    42% 6 $740,000 $123,333 $1,702 6.94%
    36% 5 $725,000 $145,000 $1,823 6.03%
    >60% 3 $355,000 $118,333 $0 5.00%
    38% 3 $275,000 $91,667 $1,982 5.92%
    41% 3 $305,000 $101,667 $1,714 6.54%
    50-60% 3 $375,000 $125,000 $0 7.67%
    43% 2 $410,000 $205,000 $2,241 5.81%
    40% 2 $410,000 $205,000 $2,130 6.00%
    37% 2 $270,000 $135,000 $1,808 6.25%
    39% 2 $390,000 $195,000 $2,465 6.25%
    46% 1 $45,000 $45,000 $2,029 6.88%
    44% 1 $135,000 $135,000 $0 6.25%
    48% 1 $15,000 $15,000 $0 8.00%

    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

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 96 $13,020,000 $135,625 $1,996 6.08%
    Not provided 2 $760,000 $380,000 $1,737 5.50%
    Black 3 $235,000 $78,333 $1,844 6.71%
    Asian 1 $205,000 $205,000 $1,629 6.00%
    Not applicable 1 $145,000 $145,000 $0 6.75%

    Approval Rates

    Total approvals of all applications
    88.46%

    Siu has an average approval rate.

    Pick Rate

    Approvals leading to origination
    70.87%

    Siu has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 103 $14,365,000 $139,466

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    103 $14,365,000 $139,466

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 1 $85,000 $85,000 $2,287 6.25%
    40-60% 9 $715,000 $79,444 $1,926 6.15%
    60-80% 38 $6,110,000 $160,789 $2,084 6.11%
    80-100% 55 $7,455,000 $135,545 $1,915 6.07%