Central State Credit Union Mortgage Rates, Fees & Info
Stockton, CALEI: 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
Review & Overview
Central State Credit Union is a smaller credit union specializing in Home Improvement and Cash Out Refi loans. Central State Credit Union has a high proportion of conventional loans. Their top two markets are Stockton and Truckee .Central State Credit Union 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. 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.
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Originations
8Origination Dollar Volume (All Markets)
$1,880,000Top 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 |
|---|---|---|---|---|---|
| STOCKTON, CA (FHA|USDA|VA) | 6 | $1,020,000 | $170,000 | $3,788 | 4.35% |
| Outside of Metro Areas | 1 | $505,000 | $505,000 | $3,251 | 4.63% |
| Truckee-Grass Valley, CA (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $4,673 | 5.75% |
Their top states include:
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 8 | $1,880,000 | $235,000 | $3,832 | 4.56% |
For 2022, Central State Credit Union's most frequently originated type of loan was Conventional, with 8 originations.
Loan Reason
For 2022, Central State Credit Union's most frequently cited loan purpose was Home Improvement, with 4 originations. The 2nd most popular reason was Cash Out Refi, with 3 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 30 Year | 5 | $1,535,000 | $307,000 | $4,517 | 5.28% |
| 15 Year | 3 | $345,000 | $115,000 | $2,689 | 3.38% |
For 2022, Central State Credit Union's most frequently cited loan duration was 30 Year, with 5 originations. The 2nd most popular length was 15 Year, with 3 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $1k-2k | 5 | $1,075,000 | $215,000 |
| $<1k | 1 | $195,000 | $195,000 |
| $2k-3k | 1 | $125,000 | $125,000 |
| $5k+ | 1 | $485,000 | $485,000 |
Central State Credit Union's average total fees were $4,517, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 5 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 2.5-3% | 2 | $280,000 | $140,000 |
| 4-5% | 2 | $570,000 | $285,000 |
| 5-6% | 2 | $840,000 | $420,000 |
| 3-4% | 1 | $65,000 | $65,000 |
| 6-7% | 1 | $125,000 | $125,000 |
During 2022, Central State Credit Union's average interest rate for loans was 5.28%, while their most frequently originated rate bucket for loans was 2.5-3%, with 2 originations.
Loan Sizing
2022 saw Central State Credit Union place emphasis on $100,000 or less loans with 3 originations, totaling $215,000 in origination value.
Applicant Income
Central State Credit Union lent most frequently to those with incomes in the $250k+ range, with 3 originations. The second most popular income band? $50k or less, with 2 originations.
Applicant Debt to Income Ratio
Central State Credit Union lent most frequently to those with DTI ratios of <20%, with 2 originations. The next most common DTI ratio? 20-30%, with 2 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications80.00%
Central State Credit Union has a below average approval rate.
Pick Rate
Approvals leading to origination50.00%
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 | 8 | $1,880,000 | $235,000 |