Community Savings Bank Mortgage Rates, Fees & Info
Edgewood, IALEI: 254900SPZRGOBHSHRP90
Tax ID: 42-0192370
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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. They have a low ratio of USDA loans. Their top markets by origination volume include: Cedar Rapids, Dubuque, Des Moines, Milwaukee, and Iowa City 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 an 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.29% | 11/17/24 |
| 30 Year Conventional Refi | 6.17% | 11/17/24 |
| 30 Year Cash-out Refi | 6.14% | 11/17/24 |
| 30 Year USDA Purchase | 6.51% | 11/17/24 |
| 15 Year Conventional Purchase | 5.95% | 11/17/24 |
| 15 Year Conventional Refi | 5.70% | 11/17/24 |
| 15 Year Cash-out Refi | 5.70% | 11/17/24 |
| These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates. | ||
Community Savings Bank Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
221Origination Dollar Volume (All Markets)
$34,015,000Top 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 | 108 | $14,220,000 | $131,667 | $0 | 0.00% |
| CEDAR RAPIDS, IA (FHA|USDA|VA) | 78 | $13,220,000 | $169,487 | $0 | 0.00% |
| DUBUQUE, IA (FHA|USDA|VA) | 15 | $2,545,000 | $169,667 | $0 | 0.00% |
| DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) | 10 | $2,470,000 | $247,000 | $0 | 0.00% |
| MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 1 | $475,000 | $475,000 | $0 | 0.00% |
| IOWA CITY, IA (FHA|USDA|VA) | 2 | $470,000 | $235,000 | $0 | 0.00% |
| WATERLOO-CEDAR FALLS, IA (FHA|USDA|VA) | 6 | $470,000 | $78,333 | $0 | 0.00% |
| ROCHESTER, MN (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $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: 110
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Similarity Rank: 518
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 217 | $33,525,000 | $154,493 | $0 | 0.00% |
| USDA | 4 | $490,000 | $122,500 | $0 | 0.00% |
For 2023, Community Savings Bank's most frequently originated type of loan was Conventional, with 217 originations. Their 2nd most popular type was USDA, with 4 originations.
Loan Reason
For 2023, Community Savings Bank's most frequently cited loan purpose was Home Purchase, with 139 originations. The 2nd most popular reason was Home Improvement, with 42 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 221 | $34,015,000 | $153,914 | $0 | 0.00% |
For 2023, Community Savings Bank's most frequently cited loan duration was Other, with 221 originations.
Loan Sizing
2023 saw Community Savings Bank place emphasis on $100,000 or less loans with 113 originations, totaling $6,085,000 in origination value.
Applicant Income
Community Savings Bank lent most frequently to those with incomes in the $100k-150k range, with 47 originations. The second most popular income band? $50k-75k, with 33 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 221 | $34,015,000 | $153,914 | $0 | 0.00% |
Community Savings Bank lent most frequently to those with DTI ratios of Exempt%, with 221 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications86.86%
Community Savings Bank has an average approval rate.
Pick Rate
Approvals leading to origination92.31%
Community Savings Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 221 | $34,015,000 | $153,914 |