Central Bank Mortgage Rates, Fees & Info
Houston, TXLEI: 5493005J49KPXDXUC959
Tax ID: 74-1249903
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Central Bank is a smaller bank specializing in Home Improvement and Home Purchase loans. Central Bank has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: Houston, Dallas, Austin, Corpus Christi, and Rockport among others. We have data for 8 markets. (Some data included below & more in-depth data is available with an active subscription.)Central Bank has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.
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Originations
175Origination Dollar Volume (All Markets)
$42,675,000Top 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 |
|---|---|---|---|---|---|
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 125 | $36,825,000 | $294,600 | $0 | 0.00% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 27 | $3,035,000 | $112,407 | $0 | 0.00% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 16 | $2,300,000 | $143,750 | $0 | 0.00% |
| CORPUS CHRISTI, TX (FHA|USDA|VA) | 2 | $190,000 | $95,000 | $0 | 0.00% |
| Rockport, TX (FHA|USDA|VA) | 2 | $120,000 | $60,000 | $0 | 0.00% |
| LUBBOCK, TX (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 0.00% |
| BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 0.00% |
| COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 170 | $41,290,000 | $242,882 | $0 | 0.00% |
| FHA | 5 | $1,385,000 | $277,000 | $0 | 0.00% |
For 2023, Central Bank's most frequently originated type of loan was Conventional, with 170 originations. Their 2nd most popular type was FHA, with 5 originations.
Loan Reason
For 2023, Central Bank's most frequently cited loan purpose was Home Improvement, with 88 originations. The 2nd most popular reason was Home Purchase, with 56 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 175 | $42,675,000 | $243,857 | $0 | 0.00% |
For 2023, Central Bank's most frequently cited loan duration was Other, with 175 originations.
Loan Sizing
2023 saw Central Bank place emphasis on $100k-200k loans with 66 originations, totaling $9,110,000 in origination value.
Applicant Income
Central Bank lent most frequently to those with incomes in the $250k+ range, with 75 originations. The second most popular income band? $150k-250k, with 55 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 175 | $42,675,000 | $243,857 | $0 | 0.00% |
Central Bank lent most frequently to those with DTI ratios of Exempt%, with 175 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications90.72%
Central Bank has an average approval rate.
Pick Rate
Approvals leading to origination69.14%
Central Bank has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 175 | $42,675,000 | $243,857 |