Carson Bank Mortgage Rates, Fees & Info
Mulvane, KSLEI: 254900ZVK94NEC553D12
Tax ID: 48-0345810
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Mortgage Data
Review & Overview
Carson Bank is a smaller bank specializing in Home Purchase and Refi loans. Carson Bank has a high proportion of conventional loans. Their top markets by origination volume include: Wichita, Manhattan, and Winfield among others. We have data for 3 markets. (Some data included below & more in-depth data is available with an active subscription.)Carson Bank has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders.
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Originations
55Origination Dollar Volume (All Markets)
$9,405,000Top 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 |
|---|---|---|---|---|---|
| WICHITA, KS (FHA|USDA|VA) | 53 | $8,545,000 | $161,226 | $0 | 0.00% |
| MANHATTAN, KS (FHA|USDA|VA) | 1 | $755,000 | $755,000 | $0 | 0.00% |
| Winfield, KS (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 55 | $9,405,000 | $171,000 | $0 | 0.00% |
For 2019, Carson Bank's most frequently originated type of loan was Conventional, with 55 originations.
Loan Reason
For 2019, Carson Bank's most frequently cited loan purpose was Home Purchase, with 25 originations. The 2nd most popular reason was Refi, with 16 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 55 | $9,405,000 | $171,000 | $0 | 0.00% |
For 2019, Carson Bank's most frequently cited loan duration was Other, with 55 originations.
Loan Sizing
2019 saw Carson Bank place emphasis on $100,000 or less loans with 23 originations, totaling $1,295,000 in origination value.
Applicant Income
Carson Bank lent most frequently to those with incomes in the $100k-150k range, with 14 originations. The second most popular income band? $75k-100k, with 7 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 55 | $9,405,000 | $171,000 | $0 | 0.00% |
Carson Bank lent most frequently to those with DTI ratios of Exempt%, with 55 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications95.00%
Carson Bank has an average approval rate.
Pick Rate
Approvals leading to origination96.36%
Carson Bank has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 55 | $9,405,000 | $171,000 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Multifamily:Site-Built | 5 | $2,375,000 | $475,000 |
| Single Family (1-4 Units):Site-Built | 50 | $7,030,000 | $140,600 |
Complaints
| Bank Name | Product | Issue | 2019 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| CrossCountry Mortgage LLC | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 7 | 26.9% |
| CrossCountry Mortgage LLC | Conventional home mortgage | Problem with a credit reporting company's investigation into an existing problem | 1 | 3.8% |
| CrossCountry Mortgage LLC | Conventional home mortgage | Struggling to pay mortgage | 1 | 3.8% |
| CrossCountry Mortgage LLC | Conventional home mortgage | Trouble during payment process | 1 | 3.8% |
| CrossCountry Mortgage LLC | FHA mortgage | Applying for a mortgage or refinancing an existing mortgage | 3 | 11.5% |
| CrossCountry Mortgage LLC | FHA mortgage | Closing on a mortgage | 4 | 15.4% |
| CrossCountry Mortgage LLC | FHA mortgage | Trouble during payment process | 3 | 11.5% |
| CrossCountry Mortgage LLC | Other type of mortgage | Closing on a mortgage | 2 | 7.7% |
| CrossCountry Mortgage LLC | Other type of mortgage | Trouble during payment process | 2 | 7.7% |
| CrossCountry Mortgage LLC | VA mortgage | Closing on a mortgage | 1 | 3.8% |
| CrossCountry Mortgage LLC | VA mortgage | Trouble during payment process | 1 | 3.8% |