Siu Mortgage Rates, Fees & Info

Carbondale, IL

LEI: 549300VLXW0YGTWFT173

Tax ID: 37-0722141

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

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • 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 markets by origination volume include: Carbondale, Paducah, and St. Louis 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. 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 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.

    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% 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






    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

    160

    Origination Dollar Volume (All Markets)

    $21,890,000

    Awards

    SIU 30 Year Conventional Loans gold SIU 30 Year Conventional Loans gold SIU 30 Year Conventional Loans gold
    Show all (3) awards

    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) 114 $16,140,000 $141,579 $1,759 4.59%
    Outside of Metro Areas 39 $5,045,000 $129,359 $1,957 4.63%
    Paducah, KY-IL (FHA|USDA|VA) 6 $580,000 $96,667 $1,701 4.60%
    ST. LOUIS, MO-IL (FHA|USDA|VA) 1 $125,000 $125,000 $1,854 3.00%
    Siu's top markets include Carbondale, Paducah, and St. Louis 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: 20
    First Mid Bank & Trust
    Similarity Rank: 144
    Peoples National Bank , N.A.
    Similarity Rank: 182
    Banterra Bank
    Similarity Rank: 520
    Community Mortgage Banc Corporation
    Similarity Rank: 1026
    FLAT BRANCH MORTGAGE, INC.
    Similarity Rank: 1673
    NAVY FEDERAL CREDIT UNION
    Similarity Rank: 1768
    GERSHMAN INVESTMENT CORP.
    Similarity Rank: 4125
    USAA Federal Savings Bank
    Similarity Rank: 5028
    Mortgage Research Center, LLC
    Similarity Rank: 6482

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 160 $21,890,000 $136,813 $1,801 4.59%

    For 2022, Siu's most frequently originated type of loan was Conventional, with 160 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 117 $15,575,000 $133,120 $1,779 4.82%
    Cash Out Refi 22 $2,770,000 $125,909 $1,964 4.05%
    Refi 15 $2,805,000 $187,000 $1,637 3.93%
    Home Improvement 6 $740,000 $123,333 $2,093 3.96%

    For 2022, Siu's most frequently cited loan purpose was Home Purchase, with 117 originations. The 2nd most popular reason was Cash Out Refi, with 22 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 115 $14,295,000 $124,304 $1,786 4.78%
    15 Year 31 $3,005,000 $96,935 $1,875 4.23%
    20 Year 11 $3,995,000 $363,182 $1,617 4.22%
    10 Year 3 $595,000 $198,333 $1,974 2.67%

    For 2022, Siu's most frequently cited loan duration was 30 Year, with 115 originations. The 2nd most popular length was 15 Year, with 31 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 145 $17,295,000 $119,276
    $1k-2k 2 $130,000 $65,000
    $2k-3k 2 $220,000 $110,000
    $4k-5k 1 $245,000 $245,000

    Siu's average total fees were $1,786, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 145 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 53 $6,305,000 $118,962
    5-6% 48 $6,160,000 $128,333
    3-4% 42 $7,330,000 $174,524
    2.5-3% 7 $1,075,000 $153,571
    6-7% 6 $460,000 $76,667
    <2.5% 3 $425,000 $141,667
    7-8% 1 $135,000 $135,000

    During 2022, Siu's average interest rate for loans was 4.78%, while their most frequently originated rate bucket for loans was 4-5%, with 53 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 70 $9,510,000 $135,857 $1,756 4.52%
    $100,000 or less 67 $4,515,000 $67,388 $1,761 4.74%
    $200k-400k 20 $5,170,000 $258,500 $2,169 4.40%
    $1MM+ 1 $1,475,000 $1,475,000 $0 3.50%
    $400k-600k 1 $435,000 $435,000 $0 6.00%
    $600k-1MM 1 $785,000 $785,000 $0 3.50%

    2022 saw Siu place emphasis on $100k-200k loans with 70 originations, totaling $9,510,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 44 $4,880,000 $110,909 $1,680 4.39%
    $50k or less 37 $3,005,000 $81,216 $1,649 4.76%
    $100k-150k 29 $4,665,000 $160,862 $2,073 4.67%
    $75k-100k 28 $3,350,000 $119,643 $1,876 4.89%
    $150k-250k 14 $2,320,000 $165,714 $1,800 4.21%

    Siu lent most frequently to those with incomes in the $50k-75k range, with 44 originations. The second most popular income band? $50k or less, with 37 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 47 $5,905,000 $125,638 $1,877 4.57%
    30-36% 29 $3,095,000 $106,724 $1,672 4.70%
    <20% 23 $2,365,000 $102,826 $1,716 4.83%
    38% 8 $970,000 $121,250 $1,898 4.84%
    36% 6 $600,000 $100,000 $1,805 4.90%
    44% 6 $720,000 $120,000 $1,500 4.23%
    37% 6 $670,000 $111,667 $1,870 4.42%
    42% 5 $685,000 $137,000 $1,643 4.08%
    39% 4 $460,000 $115,000 $1,749 4.25%
    43% 4 $450,000 $112,500 $1,937 4.66%
    49% 3 $525,000 $175,000 $2,263 4.42%
    41% 3 $545,000 $181,667 $2,122 4.13%
    45% 2 $470,000 $235,000 $1,941 4.75%
    40% 2 $280,000 $140,000 $1,795 4.31%
    46% 1 $45,000 $45,000 $1,743 4.63%
    48% 1 $105,000 $105,000 $1,465 3.50%

    Siu lent most frequently to those with DTI ratios of 20-30%, with 47 originations. The next most common DTI ratio? 30-36%, with 29 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 145 $17,515,000 $120,793 $1,809 4.61%
    Not applicable 7 $3,235,000 $462,143 $0 4.04%
    Black 3 $395,000 $131,667 $1,511 4.79%
    Asian 2 $350,000 $175,000 $2,268 3.88%
    Not provided 2 $210,000 $105,000 $1,550 5.94%
    American Indian 1 $185,000 $185,000 $1,544 4.50%

    Approval Rates

    Total approvals of all applications
    83.26%

    Siu has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    82.50%

    Siu has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 160 $21,890,000 $136,813

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    160 $21,890,000 $136,813

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 1 $45,000 $45,000 $1,739 3.25%
    40-60% 13 $1,845,000 $141,923 $1,783 4.22%
    60-80% 58 $9,560,000 $164,828 $1,942 4.41%
    80-100% 86 $10,300,000 $119,767 $1,708 4.78%
    Under 20% 2 $140,000 $70,000 $1,655 5.06%