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 and Home Improvement loans. Siu has a high proportion of conventional loans. Their top markets by origination volume include: Carbondale, Paducah, and Cape Girardeau among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)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. 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.05% | 12/16/24 |
| 30 Year Conventional Refi | 6.01% | 12/16/24 |
| 30 Year Cash-out Refi | 6.29% | 12/16/24 |
| 15 Year Conventional Purchase | 6.04% | 12/16/24 |
| 15 Year Conventional Refi | 6.00% | 12/16/24 |
| 15 Year Cash-out Refi | 6.00% | 12/16/24 |
| 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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
105Origination Dollar Volume (All Markets)
$14,705,000Top 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 |
|---|---|---|---|---|---|
| CARBONDALE-MARION, IL (FHA|USDA|VA) | 81 | $12,615,000 | $155,741 | $1,631 | 4.56% |
| Outside of Metro Areas | 22 | $1,880,000 | $85,455 | $1,598 | 4.59% |
| Paducah, KY-IL (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 4.38% |
| CAPE GIRARDEAU, MO-IL (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $1,660 | 4.25% |
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.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 105 | $14,705,000 | $140,048 | $1,623 | 4.56% |
For 2018, Siu's most frequently originated type of loan was Conventional, with 105 originations.
Loan Reason
For 2018, Siu's most frequently cited loan purpose was Home Purchase, with 63 originations. The 2nd most popular reason was Cash Out Refi, with 24 originations.
Loan Duration/Length
For 2018, Siu's most frequently cited loan duration was 30 Year, with 59 originations. The 2nd most popular length was 15 Year, with 20 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 89 | $8,975,000 | $100,843 |
| $1k-2k | 1 | $165,000 | $165,000 |
| $2k-3k | 1 | $115,000 | $115,000 |
Siu's average total fees were $0, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 89 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 4-5% | 91 | $9,975,000 | $109,615 |
| 5-6% | 8 | $740,000 | $92,500 |
| 3-4% | 6 | $3,990,000 | $665,000 |
During 2018, Siu's average interest rate for loans was 4.65%, while their most frequently originated rate bucket for loans was 4-5%, with 91 originations.
Loan Sizing
2018 saw Siu place emphasis on $100,000 or less loans with 55 originations, totaling $3,865,000 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? $50k or less, with 27 originations.
Applicant Debt to Income Ratio
Siu lent most frequently to those with DTI ratios of 30-36%, with 18 originations. The next most common DTI ratio? 20-30%, with 16 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications88.74%
Siu has an average approval rate.
Pick Rate
Approvals leading to origination72.38%
Siu has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| 1507.25 | 1 | $175,000 | $175,000 |
| NA | 104 | $14,530,000 | $139,712 |