Central Bank Mortgage Rates, Fees & Info
Houston, TXLEI: 5493005J49KPXDXUC959
Tax ID: 74-1249903
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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, Albuquerque, Austin, and Bozeman among others. We have data for 11 markets. (Some data included below & more in-depth data is available with an active subscription.)Central Bank has an average approval rate when compared to the average across all lenders. They have a below 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.82% | 4/17/25 |
| 30 Year Conventional Refi | 6.47% | 4/17/25 |
| 30 Year Cash-out Refi | 7.62% | 4/17/25 |
| 30 Year FHA Purchase | 6.72% | 4/17/25 |
| 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. | ||
Central Bank Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
291Origination Dollar Volume (All Markets)
$70,275,000Top 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) | 203 | $51,155,000 | $251,995 | $0 | 0.00% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 70 | $11,230,000 | $160,429 | $0 | 0.00% |
| Outside of Metro Areas | 2 | $2,580,000 | $1,290,000 | $0 | 0.00% |
| ALBUQUERQUE, NM (FHA|USDA|VA) | 1 | $1,435,000 | $1,435,000 | $0 | 0.00% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 5 | $1,295,000 | $259,000 | $0 | 0.00% |
| Bozeman, MT (FHA|USDA|VA) | 1 | $925,000 | $925,000 | $0 | 0.00% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 3 | $755,000 | $251,667 | $0 | 0.00% |
| BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) | 2 | $310,000 | $155,000 | $0 | 0.00% |
| COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 0.00% |
| Rockport, TX (FHA|USDA|VA) | 2 | $220,000 | $110,000 | $0 | 0.00% |
| WICHITA FALLS, TX (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 0.00% |
Similar Lenders
We use machine learning to identify the top lenders compared against Central Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 277 | $67,215,000 | $242,653 | $0 | 0.00% |
| FHA | 13 | $2,815,000 | $216,538 | $0 | 0.00% |
| VA | 1 | $245,000 | $245,000 | $0 | 0.00% |
For 2022, Central Bank's most frequently originated type of loan was Conventional, with 277 originations. Their 2nd most popular type was FHA, with 13 originations.
Loan Reason
For 2022, Central Bank's most frequently cited loan purpose was Home Improvement, with 159 originations. The 2nd most popular reason was Home Purchase, with 95 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 291 | $70,275,000 | $241,495 | $0 | 0.00% |
For 2022, Central Bank's most frequently cited loan duration was Other, with 291 originations.
Loan Sizing
2022 saw Central Bank place emphasis on $100k-200k loans with 96 originations, totaling $12,510,000 in origination value.
Applicant Income
Central Bank lent most frequently to those with incomes in the $150k-250k range, with 108 originations. The second most popular income band? $250k+, with 80 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 291 | $70,275,000 | $241,495 | $0 | 0.00% |
Central Bank lent most frequently to those with DTI ratios of Exempt%, with 291 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications86.07%
Central Bank has an average approval rate.
Pick Rate
Approvals leading to origination64.95%
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 | 291 | $70,275,000 | $241,495 |