Community Savings Bank Mortgage Rates, Fees & Info
Edgewood, IALEI: 254900SPZRGOBHSHRP90
Tax ID: 42-0192370
Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage Data
Review & Overview
Community Savings Bank is a smaller bank specializing in Home Purchase loans. Community Savings Bank has a high proportion of conventional loans. Their top markets by origination volume include: Cedar Rapids, Dubuque, Des Moines, Waterloo, and Ames among others. We have data for 8 markets. (Some data included below & more in-depth data is available with an active subscription.)Community Savings Bank 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.
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.
Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.
Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.
Originations
160Origination Dollar Volume (All Markets)
$22,060,000Top 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 |
|---|---|---|---|---|---|
| Outside of Metro Areas | 86 | $11,430,000 | $132,907 | $0 | 0.00% |
| CEDAR RAPIDS, IA (FHA|USDA|VA) | 49 | $6,105,000 | $124,592 | $0 | 0.00% |
| DUBUQUE, IA (FHA|USDA|VA) | 13 | $2,235,000 | $171,923 | $0 | 0.00% |
| DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) | 3 | $1,145,000 | $381,667 | $0 | 0.00% |
| WATERLOO-CEDAR FALLS, IA (FHA|USDA|VA) | 6 | $520,000 | $86,667 | $0 | 0.00% |
| AMES, IA (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $0 | 0.00% |
| IOWA CITY, IA (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 0.00% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 0.00% |
Similar Lenders
We use machine learning to identify the top lenders compared against Community Savings Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
Similarity Rank: 35
Similarity Rank: 84
Similarity Rank: 96
Similarity Rank: 104
Similarity Rank: 140
Similarity Rank: 143
Similarity Rank: 234
Similarity Rank: 549
Similarity Rank: 640
Similarity Rank: 1386
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 151 | $20,685,000 | $136,987 | $0 | 0.00% |
| USDA | 9 | $1,375,000 | $152,778 | $0 | 0.00% |
For 2024, Community Savings Bank's most frequently originated type of loan was Conventional, with 151 originations. Their 2nd most popular type was USDA, with 9 originations.
Loan Reason
For 2024, Community Savings Bank's most frequently cited loan purpose was Home Purchase, with 93 originations. The 2nd most popular reason was Home Improvement, with 27 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 160 | $22,060,000 | $137,875 | $0 | 0.00% |
For 2024, Community Savings Bank's most frequently cited loan duration was Other, with 160 originations.
Loan Sizing
2024 saw Community Savings Bank place emphasis on $100,000 or less loans with 76 originations, totaling $3,930,000 in origination value.
Applicant Income
Community Savings Bank lent most frequently to those with incomes in the $100k-150k range, with 40 originations. The second most popular income band? $50k-75k, with 29 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 160 | $22,060,000 | $137,875 | $0 | 0.00% |
Community Savings Bank lent most frequently to those with DTI ratios of Exempt%, with 160 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications82.38%
Community Savings Bank has a below average approval rate.
Pick Rate
Approvals leading to origination83.75%
Community Savings Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 160 | $22,060,000 | $137,875 |