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 Cash Out Refi 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. 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
143Origination Dollar Volume (All Markets)
$13,345,000Top 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) | 103 | $9,695,000 | $94,126 | $1,833 | 4.29% |
| Outside of Metro Areas | 35 | $3,185,000 | $91,000 | $0 | 4.28% |
| Paducah, KY-IL (FHA|USDA|VA) | 5 | $465,000 | $93,000 | $1,721 | 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 | 143 | $13,345,000 | $93,322 | $1,805 | 4.29% |
For 2019, Siu's most frequently originated type of loan was Conventional, with 143 originations.
Loan Reason
For 2019, Siu's most frequently cited loan purpose was Home Purchase, with 65 originations. The 2nd most popular reason was Cash Out Refi, with 54 originations.
Loan Duration/Length
For 2019, Siu's most frequently cited loan duration was 30 Year, with 71 originations. The 2nd most popular length was 20 Year, with 36 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 62 | $6,940,000 | $111,935 |
| 4-5% | 51 | $5,155,000 | $101,078 |
| 5-6% | 23 | $815,000 | $35,435 |
During 2019, Siu's average interest rate for loans was 4.01%, while their most frequently originated rate bucket for loans was 3-4%, with 62 originations.
Loan Sizing
2019 saw Siu place emphasis on $100,000 or less loans with 88 originations, totaling $4,650,000 in origination value.
Applicant Income
Siu lent most frequently to those with incomes in the $50k or less range, with 35 originations. The second most popular income band? $50k-75k, with 28 originations.
Applicant Debt to Income Ratio
Siu lent most frequently to those with DTI ratios of <20%, with 43 originations. The next most common DTI ratio? 20-30%, with 8 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications73.89%
Siu has a below average approval rate.
Pick Rate
Approvals leading to origination83.92%
Siu has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 143 | $13,345,000 | $93,322 |