Century Bank Of Georgia Mortgage Rates, Fees & Info

Cartersville, GA 30120, GA

LEI: 25490036VZXFDDH37Q07

Tax ID: 58-2444878

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
  • Complaints
  • 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

    Century Bank Of Georgia is a smaller bank specializing in Refi and Home Purchase loans. Century Bank Of Georgia has a high proportion of conventional loans. Their top markets by origination volume include: Atlanta, Cedartown, Calhoun, and Summerville among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Century Bank Of Georgia has an average approval rate when compared to the average across all lenders. They have an average pick rate when compared to similar lenders.

    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.

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    Originations

    72

    Origination Dollar Volume (All Markets)

    $7,230,000

    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
    ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 52 $6,010,000 $115,577 $0 0.00%
    Cedartown, GA (FHA|USDA|VA) 12 $610,000 $50,833 $0 0.00%
    Calhoun, GA (FHA|USDA|VA) 5 $315,000 $63,000 $0 0.00%
    Summerville, GA (FHA|USDA|VA) 3 $295,000 $98,333 $0 0.00%
    Century Bank Of Georgia's top markets include Atlanta, Cedartown, Calhoun, and Summerville among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 72 $7,230,000 $100,417 $0 0.00%

    For 2018, Century Bank Of Georgia's most frequently originated type of loan was Conventional, with 72 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 49 $3,935,000 $80,306 $0 0.00%
    Home Purchase 19 $3,045,000 $160,263 $0 0.00%
    Home Improvement 4 $250,000 $62,500 $0 0.00%

    For 2018, Century Bank Of Georgia's most frequently cited loan purpose was Refi, with 49 originations. The 2nd most popular reason was Home Purchase, with 19 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 72 $7,230,000 $100,417 $0 0.00%

    For 2018, Century Bank Of Georgia's most frequently cited loan duration was Other, with 72 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 50 $2,390,000 $47,800 $0 0.00%
    $100k-200k 16 $2,100,000 $131,250 $0 0.00%
    $200k-400k 3 $845,000 $281,667 $0 0.00%
    $600k-1MM 2 $1,490,000 $745,000 $0 0.00%
    $400k-600k 1 $405,000 $405,000 $0 0.00%

    2018 saw Century Bank Of Georgia place emphasis on $100,000 or less loans with 50 originations, totaling $2,390,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 10 $2,940,000 $294,000 $0 0.00%
    $250k+ 8 $650,000 $81,250 $0 0.00%
    $50k or less 8 $470,000 $58,750 $0 0.00%
    $75k-100k 7 $485,000 $69,286 $0 0.00%
    $50k-75k 6 $410,000 $68,333 $0 0.00%
    $100k-150k 3 $425,000 $141,667 $0 0.00%

    Century Bank Of Georgia lent most frequently to those with incomes in the $150k-250k range, with 10 originations. The second most popular income band? $250k+, with 8 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 72 $7,230,000 $100,417 $0 0.00%

    Century Bank Of Georgia lent most frequently to those with DTI ratios of Exempt%, with 72 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 38 $4,750,000 $125,000 $0 0.00%
    Not applicable 30 $1,850,000 $61,667 $0 0.00%
    Asian Indian 1 $405,000 $405,000 $0 0.00%
    Black 2 $130,000 $65,000 $0 0.00%
    Asian 1 $95,000 $95,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    86.81%

    Century Bank Of Georgia has an average approval rate.

    Pick Rate

    Approvals leading to origination
    90.28%

    Century Bank Of Georgia has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 72 $7,230,000 $100,417

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 5 $725,000 $145,000
    Single Family (1-4 Units):Manufactured 3 $85,000 $28,333
    Single Family (1-4 Units):Site-Built 64 $6,420,000 $100,313

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    CENTRAL BANC MORTGAGE CORPORATION Other type of mortgage Applying for a mortgage or refinancing an existing mortgage 1 100.0%