Charter Bank Mortgage Rates, Fees & Info
CORPUS CHRISTI, TXLEI: 254900695MEPYT475810
Tax ID: 74-1461883
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Mortgage Data
Review & Overview
Charter Bank is a smaller bank specializing in Home Purchase and Refi loans. Charter Bank has a high proportion of conventional loans. Their top two markets are Corpus Christi and Rockport .Charter Bank has an average approval rate when compared to the average across all lenders. They have an average pick rate when compared to similar lenders.
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Originations
54Origination Dollar Volume (All Markets)
$9,920,000Top 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 |
|---|---|---|---|---|---|
| CORPUS CHRISTI, TX (FHA|USDA|VA) | 50 | $8,660,000 | $173,200 | $0 | 0.00% |
| Rockport, TX (FHA|USDA|VA) | 4 | $1,260,000 | $315,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 54 | $9,920,000 | $183,704 | $0 | 0.00% |
For 2023, Charter Bank's most frequently originated type of loan was Conventional, with 54 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 40 | $6,600,000 | $165,000 | $0 | 0.00% |
| Refi | 10 | $2,810,000 | $281,000 | $0 | 0.00% |
| Home Improvement | 4 | $510,000 | $127,500 | $0 | 0.00% |
For 2023, Charter Bank's most frequently cited loan purpose was Home Purchase, with 40 originations. The 2nd most popular reason was Refi, with 10 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 54 | $9,920,000 | $183,704 | $0 | 0.00% |
For 2023, Charter Bank's most frequently cited loan duration was Other, with 54 originations.
Loan Sizing
2023 saw Charter Bank place emphasis on $100k-200k loans with 24 originations, totaling $3,300,000 in origination value.
Applicant Income
Charter Bank lent most frequently to those with incomes in the $250k+ range, with 16 originations. The second most popular income band? $150k-250k, with 3 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 54 | $9,920,000 | $183,704 | $0 | 0.00% |
Charter Bank lent most frequently to those with DTI ratios of Exempt%, with 54 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications86.76%
Charter Bank has an average approval rate.
Pick Rate
Approvals leading to origination90.74%
Charter Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 54 | $9,920,000 | $183,704 |