Carson Bank Mortgage Rates, Fees & Info

Mulvane, KS

LEI: 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

55

Origination Dollar Volume (All Markets)

$9,405,000

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
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%
Carson Bank's top markets include Wichita, Manhattan, and Winfield among others.

Their top states include:
  • Kansas (FHA|USDA|VA)
  • 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

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 25 $4,005,000 $160,200 $0 0.00%
    Refi 16 $3,500,000 $218,750 $0 0.00%
    Cash Out Refi 11 $1,605,000 $145,909 $0 0.00%
    Other 3 $295,000 $98,333 $0 0.00%

    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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 23 $1,295,000 $56,304 $0 0.00%
    $100k-200k 19 $2,735,000 $143,947 $0 0.00%
    $200k-400k 6 $1,540,000 $256,667 $0 0.00%
    $400k-600k 5 $2,405,000 $481,000 $0 0.00%
    $600k-1MM 2 $1,430,000 $715,000 $0 0.00%

    2019 saw Carson Bank place emphasis on $100,000 or less loans with 23 originations, totaling $1,295,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 14 $2,280,000 $162,857 $0 0.00%
    $75k-100k 7 $975,000 $139,286 $0 0.00%
    $50k-75k 5 $755,000 $151,000 $0 0.00%
    $50k or less 5 $315,000 $63,000 $0 0.00%
    $150k-250k 4 $720,000 $180,000 $0 0.00%
    $250k+ 1 $425,000 $425,000 $0 0.00%

    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

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 34 $5,370,000 $157,941 $0 0.00%
    Not applicable 19 $3,935,000 $207,105 $0 0.00%
    Asian 2 $100,000 $50,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    95.00%

    Carson Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    96.36%

    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%