Century Bank Of Georgia Mortgage Rates, Fees & Info
Cartersville, GA 30120, GALEI: 25490036VZXFDDH37Q07
Tax ID: 58-2444878
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
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, Panama City, Calhoun, and Summerville among others. We have data for 6 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 a below average pick rate when compared to similar lenders.
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Originations
57Origination Dollar Volume (All Markets)
$9,515,000Top 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 |
|---|---|---|---|---|---|
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 39 | $7,185,000 | $184,231 | $0 | 0.00% |
| Cedartown, GA (FHA|USDA|VA) | 10 | $1,100,000 | $110,000 | $0 | 0.00% |
| PANAMA CITY, FL (FHA|USDA|VA) | 1 | $555,000 | $555,000 | $0 | 0.00% |
| Calhoun, GA (FHA|USDA|VA) | 5 | $535,000 | $107,000 | $0 | 0.00% |
| Outside of Metro Areas | 1 | $105,000 | $105,000 | $0 | 0.00% |
| Summerville, GA (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 57 | $9,515,000 | $166,930 | $0 | 0.00% |
For 2019, Century Bank Of Georgia's most frequently originated type of loan was Conventional, with 57 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Refi | 35 | $5,945,000 | $169,857 | $0 | 0.00% |
| Home Purchase | 20 | $2,940,000 | $147,000 | $0 | 0.00% |
| Other | 2 | $630,000 | $315,000 | $0 | 0.00% |
For 2019, Century Bank Of Georgia's most frequently cited loan purpose was Refi, with 35 originations. The 2nd most popular reason was Home Purchase, with 20 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 57 | $9,515,000 | $166,930 | $0 | 0.00% |
For 2019, Century Bank Of Georgia's most frequently cited loan duration was Other, with 57 originations.
Loan Sizing
2019 saw Century Bank Of Georgia place emphasis on $100,000 or less loans with 25 originations, totaling $1,345,000 in origination value.
Applicant Income
Century Bank Of Georgia lent most frequently to those with incomes in the $150k-250k range, with 12 originations. The second most popular income band? $100k-150k, with 8 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 57 | $9,515,000 | $166,930 | $0 | 0.00% |
Century Bank Of Georgia lent most frequently to those with DTI ratios of Exempt%, with 57 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications76.19%
Century Bank Of Georgia has a below average approval rate.
Pick Rate
Approvals leading to origination87.72%
Century Bank Of Georgia has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 57 | $9,515,000 | $166,930 |
Occupancy Type Mix
Complaints
| Bank Name | Product | Issue | 2019 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| CENTERSTATE BANK CORPORATION | Conventional home mortgage | Trouble during payment process | 1 | 50.0% |
| CENTERSTATE BANK CORPORATION | VA mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 50.0% |