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

  • 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

    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.

    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

    112

    Origination Dollar Volume (All Markets)

    $30,260,000

    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) 112 $30,260,000 $270,179 $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 112 $30,260,000 $270,179 $0 0.00%

    For 2022, Community Savings Bank's most frequently originated type of loan was Conventional, with 112 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 55 $15,355,000 $279,182 $0 0.00%
    Refi 49 $14,185,000 $289,490 $0 0.00%
    Other 7 $695,000 $99,286 $0 0.00%
    Home Improvement 1 $25,000 $25,000 $0 0.00%

    For 2022, Community Savings Bank's most frequently cited loan purpose was Home Purchase, with 55 originations. The 2nd most popular reason was Refi, with 49 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 112 $30,260,000 $270,179 $0 0.00%

    For 2022, Community Savings Bank's most frequently cited loan duration was Other, with 112 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 47 $12,855,000 $273,511 $0 0.00%
    $100k-200k 32 $4,930,000 $154,063 $0 0.00%
    $100,000 or less 15 $1,005,000 $67,000 $0 0.00%
    $400k-600k 9 $4,425,000 $491,667 $0 0.00%
    $600k-1MM 7 $4,935,000 $705,000 $0 0.00%
    $1MM+ 2 $2,110,000 $1,055,000 $0 0.00%

    2022 saw Community Savings Bank place emphasis on $200k-400k loans with 47 originations, totaling $12,855,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 20 $2,800,000 $140,000 $0 0.00%
    $75k-100k 19 $4,665,000 $245,526 $0 0.00%
    $50k-75k 15 $2,665,000 $177,667 $0 0.00%
    $100k-150k 10 $2,140,000 $214,000 $0 0.00%
    $150k-250k 10 $2,820,000 $282,000 $0 0.00%
    $250k+ 2 $810,000 $405,000 $0 0.00%

    Community Savings Bank lent most frequently to those with incomes in the $50k or less range, with 20 originations. The second most popular income band? $75k-100k, with 19 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 112 $30,260,000 $270,179 $0 0.00%

    Community Savings Bank lent most frequently to those with DTI ratios of Exempt%, with 112 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 83 $19,045,000 $229,458 $0 0.00%
    Not applicable 26 $10,260,000 $394,615 $0 0.00%
    Asian 2 $840,000 $420,000 $0 0.00%
    Black 1 $115,000 $115,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    94.74%

    Community Savings Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    88.39%

    Community Savings Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 112 $30,260,000 $270,179

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    112 $30,260,000 $270,179

    Complaints

    Bank Name Product Issue 2022 CPFB Complaints % of Total Issues
    Community Loan Servicing, LLC (formerly known as Bayview Loan Servicing, LLC) FHA mortgage Struggling to pay mortgage 2 66.7%
    Community Loan Servicing, LLC (formerly known as Bayview Loan Servicing, LLC) Other type of mortgage Trouble during payment process 1 33.3%