Charter Bank Mortgage Rates, Fees & Info

CORPUS CHRISTI, TX

LEI: 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

54

Origination Dollar Volume (All Markets)

$9,920,000

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
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%
Charter Bank's top markets include Corpus Christi and Rockport among others.

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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 24 $3,300,000 $137,500 $0 0.00%
    $100,000 or less 17 $1,435,000 $84,412 $0 0.00%
    $200k-400k 9 $2,475,000 $275,000 $0 0.00%
    $400k-600k 3 $1,435,000 $478,333 $0 0.00%
    $1MM+ 1 $1,275,000 $1,275,000 $0 0.00%

    2023 saw Charter Bank place emphasis on $100k-200k loans with 24 originations, totaling $3,300,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 16 $2,480,000 $155,000 $0 0.00%
    $150k-250k 3 $525,000 $175,000 $0 0.00%
    $100k-150k 2 $310,000 $155,000 $0 0.00%
    $75k-100k 2 $400,000 $200,000 $0 0.00%

    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

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 31 $6,205,000 $200,161 $0 0.00%
    White 18 $3,260,000 $181,111 $0 0.00%
    Asian 4 $340,000 $85,000 $0 0.00%
    Black 1 $115,000 $115,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    86.76%

    Charter Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    90.74%

    Charter Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 54 $9,920,000 $183,704

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    54 $9,920,000 $183,704