Central State Credit Union Mortgage Rates, Fees & Info

Stockton, CA

LEI: 254900Q9OGO5Z0CLLF57

Tax ID: 94-0362029

Latest/2024 | 2023 Data | 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

    Central State Credit Union is a smaller credit union specializing in Home Purchase loans. Central State Credit Union has a high proportion of conventional loans. Their top (well, only) market is Stockton.

    Central State Credit Union has a below average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Central State Credit Union is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

    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

    9

    Origination Dollar Volume (All Markets)

    $1,335,000

    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
    STOCKTON, CA (FHA|USDA|VA) 6 $970,000 $161,667 $3,335 4.40%
    Outside of Metro Areas 3 $365,000 $121,667 $3,460 4.33%
    Central State Credit Union's top markets include and Stockton among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 9 $1,335,000 $148,333 $3,376 4.38%

    For 2018, Central State Credit Union's most frequently originated type of loan was Conventional, with 9 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 5 $855,000 $171,000 $3,665 4.30%
    Refi 2 $230,000 $115,000 $2,737 4.25%
    Home Improvement 1 $105,000 $105,000 $3,264 4.75%
    Cash Out Refi 1 $145,000 $145,000 $3,324 4.63%

    For 2018, Central State Credit Union's most frequently cited loan purpose was Home Purchase, with 5 originations. The 2nd most popular reason was Refi, with 2 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 6 $940,000 $156,667 $3,503 4.25%
    20 Year 3 $395,000 $131,667 $3,123 4.63%

    For 2018, Central State Credit Union's most frequently cited loan duration was 30 Year, with 6 originations. The 2nd most popular length was 20 Year, with 3 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 5 $745,000 $149,000
    $1k-2k 3 $405,000 $135,000
    $2k-3k 1 $185,000 $185,000

    Central State Credit Union's average total fees were $3,503, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 5 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 7 $1,135,000 $162,143
    3-4% 2 $200,000 $100,000

    During 2018, Central State Credit Union's average interest rate for loans was 4.25%, while their most frequently originated rate bucket for loans was 4-5%, with 7 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 7 $1,025,000 $146,429 $3,441 4.38%
    $100,000 or less 1 $85,000 $85,000 $2,691 4.00%
    $200k-400k 1 $225,000 $225,000 $3,611 4.75%

    2018 saw Central State Credit Union place emphasis on $100k-200k loans with 7 originations, totaling $1,025,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 6 $990,000 $165,000 $3,520 4.42%
    $50k or less 3 $345,000 $115,000 $3,089 4.29%

    Central State Credit Union lent most frequently to those with incomes in the $50k-75k range, with 6 originations. The second most popular income band? $50k or less, with 3 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 4 $480,000 $120,000 $3,144 4.19%
    36% 2 $290,000 $145,000 $3,053 4.56%
    30-36% 1 $185,000 $185,000 $4,782 4.63%
    40% 1 $225,000 $225,000 $3,611 4.75%
    45% 1 $155,000 $155,000 $3,313 4.13%

    Central State Credit Union lent most frequently to those with DTI ratios of 20-30%, with 4 originations. The next most common DTI ratio? 36%, with 2 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not provided 4 $570,000 $142,500 $3,354 4.25%
    White 3 $435,000 $145,000 $3,609 4.63%
    Asian 2 $330,000 $165,000 $3,072 4.25%

    Approval Rates

    Total approvals of all applications
    66.67%

    Central State Credit Union has a low approval rate. They may have poor market targeting or stringent lending standards.

    Pick Rate

    Approvals leading to origination
    44.44%

    Central State Credit Union has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 9 $1,335,000 $148,333

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 9 $1,335,000 $148,333

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 2 $190,000 $95,000 $2,978 4.38%
    40-60% 1 $175,000 $175,000 $2,830 4.38%
    60-80% 4 $600,000 $150,000 $3,667 4.22%
    80-100% 2 $370,000 $185,000 $3,467 4.69%

    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%