Community Savings Bank Mortgage Rates, Fees & Info

Chicago, IL

LEI: 254900XX2FPZR1Y4FO11

Tax ID: 36-0939290

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

Review & Overview

Community Savings Bank is a smaller bank specializing in Home Purchase and Refi loans. Community Savings Bank has a high proportion of conventional loans. Their top (well, only) market is Chicago.

Community Savings Bank has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.

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Originations

60

Origination Dollar Volume (All Markets)

$19,710,000

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
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 60 $19,710,000 $328,500 $0 0.00%
Community Savings Bank's top markets include and Chicago among others.

Their top states include:
  • Illinois (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 60 $19,710,000 $328,500 $0 0.00%

    For 2023, Community Savings Bank's most frequently originated type of loan was Conventional, with 60 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 30 $10,920,000 $364,000 $0 0.00%
    Refi 22 $7,770,000 $353,182 $0 0.00%
    Other 7 $945,000 $135,000 $0 0.00%
    Home Improvement 1 $75,000 $75,000 $0 0.00%

    For 2023, Community Savings Bank's most frequently cited loan purpose was Home Purchase, with 30 originations. The 2nd most popular reason was Refi, with 22 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 60 $19,710,000 $328,500 $0 0.00%

    For 2023, Community Savings Bank's most frequently cited loan duration was Other, with 60 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 23 $6,085,000 $264,565 $0 0.00%
    $100,000 or less 11 $595,000 $54,091 $0 0.00%
    $100k-200k 10 $1,470,000 $147,000 $0 0.00%
    $600k-1MM 8 $6,160,000 $770,000 $0 0.00%
    $400k-600k 6 $2,810,000 $468,333 $0 0.00%
    $1MM+ 2 $2,590,000 $1,295,000 $0 0.00%

    2023 saw Community Savings Bank place emphasis on $200k-400k loans with 23 originations, totaling $6,085,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 12 $1,850,000 $154,167 $0 0.00%
    $100k-150k 10 $2,040,000 $204,000 $0 0.00%
    $75k-100k 8 $1,660,000 $207,500 $0 0.00%
    $150k-250k 6 $1,620,000 $270,000 $0 0.00%
    $50k-75k 5 $1,235,000 $247,000 $0 0.00%
    $250k+ 1 $605,000 $605,000 $0 0.00%

    Community Savings Bank lent most frequently to those with incomes in the $50k or less range, with 12 originations. The second most popular income band? $100k-150k, with 10 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 60 $19,710,000 $328,500 $0 0.00%

    Community Savings Bank lent most frequently to those with DTI ratios of Exempt%, with 60 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 41 $9,395,000 $229,146 $0 0.00%
    Not applicable 15 $9,215,000 $614,333 $0 0.00%
    Asian 2 $660,000 $330,000 $0 0.00%
    Black 2 $440,000 $220,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    94.44%

    Community Savings Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    88.33%

    Community Savings Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 60 $19,710,000 $328,500

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    60 $19,710,000 $328,500