Central Federal Savings And Loan Association Mortgage Rates, Fees & Info
Cicero, ILLEI: 21380054U5NKZKBQ4128
Tax ID: 36-0882755
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Mortgage Data
Review & Overview
Central Federal Savings And Loan Association is a smaller mortgage company specializing in Home Purchase loans. Central Federal Savings And Loan Association has a high proportion of conventional loans. Their top (well, only) market is Chicago.Central Federal Savings And Loan Association has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.
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Originations
62Origination Dollar Volume (All Markets)
$30,900,000Top 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 |
|---|---|---|---|---|---|
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 62 | $30,900,000 | $498,387 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 62 | $30,900,000 | $498,387 | $0 | 0.00% |
For 2023, Central Federal Savings And Loan Association's most frequently originated type of loan was Conventional, with 62 originations.
Loan Reason
For 2023, Central Federal Savings And Loan Association's most frequently cited loan purpose was Home Purchase, with 49 originations. The 2nd most popular reason was Cash Out Refi, with 7 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 62 | $30,900,000 | $498,387 | $0 | 0.00% |
For 2023, Central Federal Savings And Loan Association's most frequently cited loan duration was Other, with 62 originations.
Loan Sizing
2023 saw Central Federal Savings And Loan Association place emphasis on $600k-1MM loans with 20 originations, totaling $16,020,000 in origination value.
Applicant Income
Central Federal Savings And Loan Association lent most frequently to those with incomes in the $250k+ range, with 28 originations. The second most popular income band? $150k-250k, with 12 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 62 | $30,900,000 | $498,387 | $0 | 0.00% |
Central Federal Savings And Loan Association lent most frequently to those with DTI ratios of Exempt%, with 62 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications96.88%
Central Federal Savings And Loan Association has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination72.58%
Central Federal Savings And Loan Association has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 62 | $30,900,000 | $498,387 |