Center Street Lending Viii Mortgage Rates, Fees & Info

SACRAMENTO, CA

LEI: 5493001XZBZCQEIYKY53

Tax ID: 84-2416060

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • 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 an average approval rate when compared to the average across all lenders. They have an 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.

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

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.27% 11/17/24
    30 Year Conventional Refi 6.27% 11/17/24
    30 Year Cash-out Refi 6.27% 11/17/24
    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

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Center Street Lending Viii. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

    The default purchase price is the median sales price across the US for 2022Q4, per FRED.


    Originations

    949

    Origination Dollar Volume (All Markets)

    $928,925,000

    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 949 $928,925,000 $978,846 $0 8.27%
    Center Street Lending Viii's top markets include

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 949 $928,925,000 $978,846 $0 8.27%

    For 2021, Center Street Lending Viii's most frequently originated type of loan was Conventional, with 949 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 608 $568,060,000 $934,309 $0 8.24%
    Refi 186 $229,590,000 $1,234,355 $0 8.73%
    Cash Out Refi 155 $131,275,000 $846,935 $0 7.82%

    For 2021, Center Street Lending Viii's most frequently cited loan purpose was Home Purchase, with 608 originations. The 2nd most popular reason was Refi, with 186 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    1 Year 482 $462,140,000 $958,797 $0 8.45%
    Other 424 $445,580,000 $1,050,896 $0 8.34%
    30+ year 43 $21,205,000 $493,140 $0 5.51%

    For 2021, Center Street Lending Viii's most frequently cited loan duration was 1 Year, with 482 originations. The 2nd most popular length was Other, with 424 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    Over 8% 513 $402,195,000 $784,006
    7-8% 335 $422,285,000 $1,260,552
    6-7% 68 $95,390,000 $1,402,794
    4-5% 17 $5,765,000 $339,118
    5-6% 16 $3,290,000 $205,625

    During 2021, Center Street Lending Viii's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was Over 8%, with 513 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $1MM+ 275 $633,395,000 $2,303,255 $0 8.05%
    $200k-400k 233 $66,745,000 $286,459 $0 8.41%
    $600k-1MM 185 $145,845,000 $788,351 $0 8.26%
    $400k-600k 129 $63,725,000 $493,992 $0 8.46%
    $100k-200k 118 $18,410,000 $156,017 $0 8.31%
    $100,000 or less 9 $805,000 $89,444 $0 8.20%

    2021 saw Center Street Lending Viii place emphasis on $1MM+ loans with 275 originations, totaling $633,395,000 in origination value.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 882 $869,640,000 $985,986 $0 8.29%
    Korean 34 $35,550,000 $1,045,588 $0 7.73%
    Asian Indian 11 $10,785,000 $980,455 $0 8.25%
    Vietnamese 7 $4,445,000 $635,000 $0 7.86%
    Chinese 4 $2,500,000 $625,000 $0 7.97%
    Other Asian 3 $2,375,000 $791,667 $0 9.24%
    Native Hawaiian or Islander 2 $2,100,000 $1,050,000 $0 8.00%
    Black 5 $1,035,000 $207,000 $0 8.74%
    Japanese 1 $495,000 $495,000 $0 8.50%

    Approval Rates

    Total approvals of all applications
    73.45%

    Center Street Lending Viii has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    91.57%

    Center Street Lending Viii has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 949 $928,925,000 $978,846

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    949 $928,925,000 $978,846

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 10 $7,680,000 $768,000 $0 7.93%
    40-60% 33 $49,045,000 $1,486,212 $0 7.61%
    60-80% 246 $213,300,000 $867,073 $0 7.75%
    80-100% 234 $202,940,000 $867,265 $0 8.30%
    Over 100% 348 $438,560,000 $1,260,230 $0 8.61%
    Under 20% 3 $1,515,000 $505,000 $0 10.67%

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    Central Mortgage Funding, LLC Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 100.0%