Center Street Lending Viii Mortgage Rates, Fees & Info

SACRAMENTO, CA

LEI: 5493001XZBZCQEIYKY53

Tax ID: 84-2416060

Latest/2024 | 2023 Data | 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

    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.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

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    Originations

    475

    Origination Dollar Volume (All Markets)

    $294,695,000

    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
    Outside of Metro Areas 475 $294,695,000 $620,411 $0 8.88%
    Center Street Lending Viii's top markets include

    Their top states include:
  • California (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Georgia (FHA|USDA|VA)
  • North Carolina (FHA|USDA|VA)
  • Maryland (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 475 $294,695,000 $620,411 $0 8.88%

    For 2019, Center Street Lending Viii's most frequently originated type of loan was Conventional, with 475 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 325 $174,475,000 $536,846 $0 8.94%
    Cash Out Refi 81 $46,225,000 $570,679 $0 8.66%
    Refi 69 $73,995,000 $1,072,391 $0 8.86%

    For 2019, Center Street Lending Viii's most frequently cited loan purpose was Home Purchase, with 325 originations. The 2nd most popular reason was Cash Out Refi, with 81 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30+ year 235 $193,145,000 $821,894 $0 8.74%
    Other 224 $95,990,000 $428,527 $0 9.03%
    30 Year 9 $3,395,000 $377,222 $0 8.29%
    15 Year 7 $2,165,000 $309,286 $0 9.49%

    For 2019, Center Street Lending Viii's most frequently cited loan duration was 30+ year, with 235 originations. The 2nd most popular length was Other, with 224 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    Over 8% 418 $228,020,000 $545,502
    7-8% 49 $62,475,000 $1,275,000
    6-7% 8 $4,200,000 $525,000

    During 2019, Center Street Lending Viii's average interest rate for loans was 8.29%, while their most frequently originated rate bucket for loans was Over 8%, with 418 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 116 $33,440,000 $288,276 $0 8.94%
    $100k-200k 98 $14,840,000 $151,429 $0 8.91%
    $400k-600k 92 $45,490,000 $494,457 $0 8.97%
    $600k-1MM 82 $61,790,000 $753,537 $0 8.80%
    $1MM+ 73 $137,855,000 $1,888,425 $0 8.60%
    $100,000 or less 14 $1,280,000 $91,429 $0 9.50%

    2019 saw Center Street Lending Viii place emphasis on $200k-400k loans with 116 originations, totaling $33,440,000 in origination value.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 434 $264,280,000 $608,940 $0 8.91%
    Asian 41 $30,415,000 $741,829 $0 8.63%

    Approval Rates

    Total approvals of all applications
    65.25%

    Center Street Lending Viii has a low approval rate. They may have poor market targeting or stringent lending standards.

    Pick Rate

    Approvals leading to origination

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 475 $294,695,000 $620,411

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 21 $25,555,000 $1,216,905
    Single Family (1-4 Units):Site-Built 454 $269,140,000 $592,819

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 7 $5,175,000 $739,286 $0 8.45%
    40-60% 73 $62,495,000 $856,096 $0 8.91%
    60-80% 299 $174,775,000 $584,532 $0 8.96%
    80-100% 17 $9,375,000 $551,471 $0 9.06%
    Over 100% 1 $2,235,000 $2,235,000 $0 7.50%
    Under 20% 1 $215,000 $215,000 $0 9.99%

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    CENTERSTATE BANK CORPORATION Conventional home mortgage Trouble during payment process 1 50.0%
    CENTERSTATE BANK CORPORATION VA mortgage Applying for a mortgage or refinancing an existing mortgage 1 50.0%