Central Federal Savings And Loan Association Mortgage Rates, Fees & Info

Cicero, IL

LEI: 21380054U5NKZKBQ4128

Tax ID: 36-0882755

Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • 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

    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 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

    19

    Origination Dollar Volume (All Markets)

    $8,555,000

    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
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 19 $8,555,000 $450,263 $0 0.00%
    Central Federal Savings And Loan Association's top markets include and Chicago among others.

    Their top states include:
  • Illinois (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 19 $8,555,000 $450,263 $0 0.00%

    For 2024, Central Federal Savings And Loan Association's most frequently originated type of loan was Conventional, with 19 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 13 $7,555,000 $581,154 $0 0.00%
    Cash Out Refi 5 $705,000 $141,000 $0 0.00%
    Home Improvement 1 $295,000 $295,000 $0 0.00%

    For 2024, Central Federal Savings And Loan Association's most frequently cited loan purpose was Home Purchase, with 13 originations. The 2nd most popular reason was Cash Out Refi, with 5 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 19 $8,555,000 $450,263 $0 0.00%

    For 2024, Central Federal Savings And Loan Association's most frequently cited loan duration was Other, with 19 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 6 $950,000 $158,333 $0 0.00%
    $200k-400k 4 $1,240,000 $310,000 $0 0.00%
    $100,000 or less 3 $145,000 $48,333 $0 0.00%
    $1MM+ 3 $3,415,000 $1,138,333 $0 0.00%
    $600k-1MM 3 $2,805,000 $935,000 $0 0.00%

    2024 saw Central Federal Savings And Loan Association place emphasis on $100k-200k loans with 6 originations, totaling $950,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 6 $6,220,000 $1,036,667 $0 0.00%
    $100k-150k 3 $855,000 $285,000 $0 0.00%
    $50k or less 3 $275,000 $91,667 $0 0.00%
    $75k-100k 3 $605,000 $201,667 $0 0.00%
    $150k-250k 2 $320,000 $160,000 $0 0.00%
    $50k-75k 2 $280,000 $140,000 $0 0.00%

    Central Federal Savings And Loan Association lent most frequently to those with incomes in the $250k+ range, with 6 originations. The second most popular income band? $100k-150k, with 3 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 19 $8,555,000 $450,263 $0 0.00%

    Central Federal Savings And Loan Association lent most frequently to those with DTI ratios of Exempt%, with 19 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 17 $6,345,000 $373,235 $0 0.00%
    Asian 2 $2,210,000 $1,105,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    89.47%

    Central Federal Savings And Loan Association has an average approval rate.

    Pick Rate

    Approvals leading to origination
    63.16%

    Central Federal Savings And Loan Association has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 19 $8,555,000 $450,263

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    19 $8,555,000 $450,263