Sibcy Cline Mortgage Services Interest Rate and Cost Review

Is Sibcy Cline Mortgage Services a cheap or expensive mortgage lender? To help you shop for a mortgage, we compare the interest rates and closing costs charged by Sibcy Cline Mortgage Services to those of other lenders for a comparable set of borrowers. Here is our review of Sibcy Cline Mortgage Services nationally:

Review ItemSibcy Cline Mortgage Services
Interest Ratesimilar to other lenders (-0.05%)
Loan Related Closing Costshigher than other lenders (+$316)
National Rate and Closing Cost Star Rating(3.5)

On average, Sibcy Cline Mortgage Services’s interest rates were similar to those of other lenders (-0.05%). On the other hand, its loan related closing costs were higher than those of other lenders, with a difference of +$316. Overall, combining interest rates and closing costs we estimate that Sibcy Cline Mortgage Services tends to be an average cost lender, and give it a National Rate and Closing Costs Rating of 3.5 out of 5 stars. We maintain our independence by not accepting any money from the mortgage lenders we review. To visit Sibcy Cline Mortgage Services, its website is located at: https://mortgage.sibcycline.com.

Sibcy Cline Mortgage Services’s Rate Review by City

Mortgage lenders often set different rates in different geographical markets. For our list of the top mortgage lenders in your area, click here. In particular, among the cities we track Sibcy Cline Mortgage Services was most active in:

  1. Cincinnati, OH
  2. Kettering, OH
  3. Washington Court House, OH
  4. Greendale, IN

Sibcy Cline Mortgage Services’s Rate Review by Mortgage Type

Mortgage lenders also tend to charge different interest rates and closing costs depending on the type of mortgage. In our data, Sibcy Cline Mortgage Services originated Conforming, FHA, Jumbo, USDA and VA mortgages for new home purchases. It also originated Conforming, FHA, Jumbo and VA mortgages for refinances. Its average interest rate and total loan related closing cost difference relative to other lenders for comparable borrowers by mortgages type is as follows.

Purchase/Refinance:
New Purchase MortgagesConformingFHAJumboUSDAVA
Interest Rate Difference+0.02%-0.24%-0.00%-0.07%-0.17%
Loan Related Closing Cost Difference+$473+$15+$192-$1+$108
Cost Adjusted Rate Difference+0.06%-0.24%+0.00%-0.07%-0.16%
National Star Rating(3)(4.5)(3.5)(4)(4.5)
Refinance MortgagesConformingFHAJumboVA
Interest Rate Difference-0.05%-0.02%+0.02%-0.05%
Loan Related Closing Cost Difference+$140+$55+$30-$97
Cost Adjusted Rate Difference-0.04%-0.01%+0.02%-0.05%
Average Star Rating(3.5)(3.5)(3.5)(4)

As a summary, Sibcy Cline Mortgage Services is cheap for FHA, USDA and VA purchase mortgages. It is similar to other lenders for Jumbo purchase mortgages. It is more expensive than other lenders for Conforming purchase mortgages. For refinancing mortgages, Sibcy Cline Mortgage Services is cheap for VA mortgage refinance. It is similar to other lenders for Conforming, FHA and Jumbo mortgage refinance. Nevertheless, individual circumstances can matter a lot for mortgage rates, and we always recommend shopping among several of our top mortgage lenders in your area before signing.

Other information about Sibcy Cline Mortgage Services:

Registered name: Sibcy Cline Mortgage Services, Inc
Registered city and state: Cincinnati, OH, 45236
Regulator: United States Department of Housing and Urban Development (HUD)

* Source of the data is Federal Financial Institutions Examination Council (FFIEC) and is for mortgages originated in the past year. Our comparable mortgages analysis controls for Sibcy Cline Mortgage Services’s distribution of loan term (e.g. 30 year vs 15 year), loan-to-value (LTV), debt-to-income (DTI), loan amount, loan program (e.g. Conforming/FHA), loan purpose (e.g. purchase/refinance), and commuting zone. Cost adjusted rates were computed based on each percent of the loan amount in above average loan related closing costs being worth +0.15 of a percentage point in interest rate. Furthermore, the amounts are regularized using a Bayesian approach to control for small samples.