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

Cicero, IL

LEI: 21380054U5NKZKBQ4128

Tax ID: 36-0882755

Latest/2023 | 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, Refi, and Cash Out Refi loans. Central Federal Savings And Loan Association has a high proportion of conventional loans. Their top markets by origination volume include: Chicago, Ottawa, and Pontiac among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)

    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

    82

    Origination Dollar Volume (All Markets)

    $21,000,000

    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) 79 $20,525,000 $259,810 $0 0.00%
    Ottawa, IL (FHA|USDA|VA) 1 $205,000 $205,000 $0 0.00%
    Pontiac, IL (FHA|USDA|VA) 1 $165,000 $165,000 $0 0.00%
    Outside of Metro Areas 1 $105,000 $105,000 $0 0.00%
    Central Federal Savings And Loan Association's top markets include Chicago, Ottawa, and Pontiac among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 82 $21,000,000 $256,098 $0 0.00%

    For 2022, Central Federal Savings And Loan Association's most frequently originated type of loan was Conventional, with 82 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 41 $12,215,000 $297,927 $0 0.00%
    Refi 21 $4,495,000 $214,048 $0 0.00%
    Cash Out Refi 20 $4,290,000 $214,500 $0 0.00%

    For 2022, Central Federal Savings And Loan Association's most frequently cited loan purpose was Home Purchase, with 41 originations. The 2nd most popular reason was Refi, with 21 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 82 $21,000,000 $256,098 $0 0.00%

    For 2022, Central Federal Savings And Loan Association's most frequently cited loan duration was Other, with 82 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 31 $8,465,000 $273,065 $0 0.00%
    $100k-200k 27 $3,925,000 $145,370 $0 0.00%
    $100,000 or less 10 $730,000 $73,000 $0 0.00%
    $400k-600k 10 $4,770,000 $477,000 $0 0.00%
    $600k-1MM 4 $3,110,000 $777,500 $0 0.00%

    2022 saw Central Federal Savings And Loan Association place emphasis on $200k-400k loans with 31 originations, totaling $8,465,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 22 $5,620,000 $255,455 $0 0.00%
    $75k-100k 14 $2,570,000 $183,571 $0 0.00%
    $50k-75k 13 $2,615,000 $201,154 $0 0.00%
    $50k or less 12 $1,490,000 $124,167 $0 0.00%
    $150k-250k 10 $4,240,000 $424,000 $0 0.00%
    $250k+ 6 $2,570,000 $428,333 $0 0.00%

    Central Federal Savings And Loan Association lent most frequently to those with incomes in the $100k-150k range, with 22 originations. The second most popular income band? $75k-100k, with 14 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 82 $21,000,000 $256,098 $0 0.00%

    Central Federal Savings And Loan Association lent most frequently to those with DTI ratios of Exempt%, with 82 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 75 $18,855,000 $251,400 $0 0.00%
    Asian 3 $1,545,000 $515,000 $0 0.00%
    Not provided 2 $400,000 $200,000 $0 0.00%
    Black 1 $105,000 $105,000 $0 0.00%
    American Indian 1 $95,000 $95,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    91.45%

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

    Pick Rate

    Approvals leading to origination
    79.27%

    Central Federal Savings And Loan Association has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 82 $21,000,000 $256,098

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    82 $21,000,000 $256,098