Center Street Lending Viii Mortgage Rates, Fees & Info
SACRAMENTO, CALEI: 5493001XZBZCQEIYKY53
Tax ID: 84-2416060
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Mortgage Data
Review & Overview
Center Street Lending Viii is a smaller mortgage company specializing in Home Purchase and Refi loans. Center Street Lending Viii has a high proportion of conventional loans.Center Street Lending Viii has a below average approval rate when compared to the average across all lenders. They typically have relatively high rates.
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 | 6.27% | 11/30/23 |
| 30 Year Conventional Refi | 6.27% | 11/30/23 |
| 30 Year Cash-out Refi | 6.27% | 11/30/23 |
| 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. | ||
Center Street Lending Viii Mortgage Calculator
Your Estimates
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This is not an official calculator from Center Street Lending Viii. It uses our SimulatedRate™
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
957Origination Dollar Volume (All Markets)
$961,795,000Relative Rate
Center Street Lending Viii's average 30 year fixed mortgage rate was
6.4%.
The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.
This yields a difference of 1.64%.
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 |
|---|---|---|---|---|---|
| Outside of Metro Areas | 957 | $961,795,000 | $1,005,010 | $0 | 8.96% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 957 | $961,795,000 | $1,005,010 | $0 | 8.96% |
For 2022, Center Street Lending Viii's most frequently originated type of loan was Conventional, with 957 originations.
Loan Reason
For 2022, Center Street Lending Viii's most frequently cited loan purpose was Home Purchase, with 591 originations. The 2nd most popular reason was Refi, with 203 originations.
Loan Duration/Length
For 2022, Center Street Lending Viii's most frequently cited loan duration was 1 Year, with 602 originations. The 2nd most popular length was Other, with 334 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| Over 8% | 687 | $583,745,000 | $849,702 |
| 7-8% | 223 | $340,615,000 | $1,527,422 |
| 6-7% | 33 | $34,425,000 | $1,043,182 |
| 5-6% | 9 | $1,725,000 | $191,667 |
| 4-5% | 5 | $1,285,000 | $257,000 |
During 2022, Center Street Lending Viii's average interest rate for loans was 6.40%, while their most frequently originated rate bucket for loans was Over 8%, with 687 originations.
Loan Sizing
2022 saw Center Street Lending Viii place emphasis on $1MM+ loans with 318 originations, totaling $646,850,000 in origination value.
Ethnicity Mix
Approval Rates
Total approvals of all applications69.75%
Center Street Lending Viii has a low approval rate. They may have poor market targeting or stringent lending standards.
Pick Rate
Approvals leading to originationPoints and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 957 | $961,795,000 | $1,005,010 |