Ctbc Bank Corp. (usa) Mortgage Rates, Fees & Info

Los Angeles, CA

LEI: 5493005LWLLN6G3XQP35

Tax ID: 95-2368050

5 stars - Updated: 6/9/24 - out of 5 stars, based on 25 reviews

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

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Mortgage Data

Review & Overview

Ctbc Bank Corp. (usa) is a smaller bank specializing in Home Purchase loans. Ctbc Bank Corp. (usa) has a high proportion of conventional loans. Their top markets by origination volume include: Los Angeles, New York, Riverside, San Francisco, and San Jose among others. We have data for 14 markets. (Some data included below & more in-depth data is available with an active subscription.)

Ctbc Bank Corp. (usa) 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. Ctbc Bank Corp. (usa) is typically a high fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) 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.

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 5.99% 6/9/24
30 Year Conventional Refi 5.97% 6/9/24
30 Year Cash-out Refi 6.04% 6/9/24
15 Year Conventional Purchase 6.10% 6/9/24
15 Year Conventional Refi 6.32% 6/9/24
15 Year Cash-out Refi 6.32% 6/9/24
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.

Ctbc Bank Corp. (usa) Mortgage Calculator






Your Estimates

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

This is not an official calculator from Ctbc Bank Corp. (usa). 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

608

Origination Dollar Volume (All Markets)

$488,210,000

Awards

CTBC Bank Corp. (USA) 30 Year Conventional Loans silver CTBC Bank Corp. (USA) 30 Year Conventional Loans gold CTBC Bank Corp. (USA) 30 Year Conventional Loans bronze
Show all (3) awards

Relative Rate

Ctbc Bank Corp. (usa)'s average 30 year fixed mortgage rate was 6.41%.

The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

This yields a difference of -0.07%.

Relative Fees (Closing Costs)

Ctbc Bank Corp. (usa)'s average total fees/closing costs for a 30 year fixed rate mortgage were $9,116.

The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $9,089.

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
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 257 $274,805,000 $1,069,280 $7,692 6.57%
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 288 $172,140,000 $597,708 $11,186 6.15%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 38 $16,370,000 $430,789 $5,216 6.76%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 7 $11,995,000 $1,713,571 $5,928 6.70%
SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 5 $5,595,000 $1,119,000 $4,982 6.90%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 5 $3,805,000 $761,000 $6,197 7.18%
OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 1 $835,000 $835,000 $0 7.00%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 1 $505,000 $505,000 $3,728 7.25%
TRENTON-PRINCETON, NJ (FHA|USDA|VA) 1 $415,000 $415,000 $5,062 6.00%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 1 $375,000 $375,000 $4,408 5.75%
FLAGSTAFF, AZ (FHA|USDA|VA) 1 $375,000 $375,000 $4,002 6.88%
STOCKTON, CA (FHA|USDA|VA) 1 $365,000 $365,000 $3,290 7.13%
SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) 1 $345,000 $345,000 $4,506 6.50%
Sonora, CA (FHA|USDA|VA) 1 $285,000 $285,000 $4,184 5.88%
Ctbc Bank Corp. (usa)'s top markets include Los Angeles, New York, Riverside, San Francisco, and San Jose among others.

Their top states include:
  • California (FHA|USDA|VA)
  • New York (FHA|USDA|VA)
  • New Jersey (FHA|USDA|VA)
  • Arizona (FHA|USDA|VA)
  • Similar Lenders

    We use machine learning to identify the top lenders compared against CTBC Bank Corp. (USA) based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    Los Angeles Federal Credit Union
    Similarity Rank: 72
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    Similarity Rank: 126
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    GREATER ALLIANCE
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    Blue Foundry Bank
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    PCSB Bank
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    LBS FINANCIAL
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 608 $488,210,000 $802,977 $9,280 6.39%

    For 2023, Ctbc Bank Corp. (usa)'s most frequently originated type of loan was Conventional, with 608 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 517 $378,165,000 $731,460 $9,769 6.36%
    Cash Out Refi 36 $40,320,000 $1,120,000 $6,650 6.62%
    Other 33 $28,985,000 $878,333 $6,259 6.55%
    Refi 21 $40,495,000 $1,928,333 $5,117 6.50%
    Home Improvement 1 $245,000 $245,000 $3,053 6.50%

    For 2023, Ctbc Bank Corp. (usa)'s most frequently cited loan purpose was Home Purchase, with 517 originations. The 2nd most popular reason was Cash Out Refi, with 36 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 564 $435,350,000 $771,897 $9,116 6.41%
    15 Year 30 $12,010,000 $400,333 $12,021 6.04%
    5 Year 12 $32,470,000 $2,705,833 $0 6.45%
    10 Year 2 $8,380,000 $4,190,000 $0 6.44%

    For 2023, Ctbc Bank Corp. (usa)'s most frequently cited loan duration was 30 Year, with 564 originations. The 2nd most popular length was 15 Year, with 30 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 255 $212,675,000 $834,020
    $5k+ 165 $100,635,000 $609,909
    $2k-3k 39 $19,835,000 $508,590
    $4k-5k 29 $19,725,000 $680,172
    $3k-4k 23 $16,395,000 $712,826
    $<1k 20 $12,910,000 $645,500

    Ctbc Bank Corp. (usa)'s average total fees were $9,116, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 255 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 356 $293,620,000 $824,775
    5-6% 183 $131,805,000 $720,246
    7-8% 65 $59,825,000 $920,385
    4-5% 3 $1,955,000 $651,667
    Over 8% 1 $1,005,000 $1,005,000

    During 2023, Ctbc Bank Corp. (usa)'s average interest rate for loans was 6.41%, while their most frequently originated rate bucket for loans was 6-7%, with 356 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $400k-600k 192 $95,230,000 $495,990 $8,728 6.32%
    $600k-1MM 155 $122,735,000 $791,839 $10,472 6.40%
    $200k-400k 131 $42,575,000 $325,000 $7,699 6.32%
    $1MM+ 129 $227,495,000 $1,763,527 $10,857 6.55%
    $100k-200k 1 $175,000 $175,000 $8,976 6.63%

    2023 saw Ctbc Bank Corp. (usa) place emphasis on $400k-600k loans with 192 originations, totaling $95,230,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 60 $64,120,000 $1,068,667 $8,104 6.69%
    $150k-250k 9 $5,575,000 $619,444 $6,778 6.60%
    $100k-150k 4 $2,120,000 $530,000 $14,088 6.00%
    $50k-75k 1 $325,000 $325,000 $8,925 4.88%

    Ctbc Bank Corp. (usa) lent most frequently to those with incomes in the $250k+ range, with 60 originations. The second most popular income band? $150k-250k, with 9 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 23 $21,715,000 $944,130 $6,289 6.68%
    30-36% 15 $18,555,000 $1,237,000 $0 6.77%
    38% 6 $5,330,000 $888,333 $5,551 6.83%
    <20% 5 $5,135,000 $1,027,000 $0 6.68%
    42% 4 $2,980,000 $745,000 $2,824 6.72%
    40% 3 $2,845,000 $948,333 $12,399 6.38%
    37% 3 $2,395,000 $798,333 $10,952 6.17%
    41% 3 $3,195,000 $1,065,000 $0 7.21%
    44% 3 $1,895,000 $631,667 $15,350 6.29%
    46% 3 $2,175,000 $725,000 $9,811 6.13%
    39% 2 $2,480,000 $1,240,000 $0 6.38%
    43% 1 $1,255,000 $1,255,000 $0 6.25%
    49% 1 $1,005,000 $1,005,000 $0 6.50%
    50-60% 1 $325,000 $325,000 $8,925 4.88%
    36% 1 $855,000 $855,000 $0 6.25%

    Ctbc Bank Corp. (usa) lent most frequently to those with DTI ratios of 20-30%, with 23 originations. The next most common DTI ratio? 30-36%, with 15 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Asian 593 $443,595,000 $748,052 $9,266 6.39%
    Not applicable 12 $39,990,000 $3,332,500 $0 6.39%
    White 3 $4,625,000 $1,541,667 $11,850 6.71%

    Approval Rates

    Total approvals of all applications
    95.81%

    Ctbc Bank Corp. (usa) has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    75.00%

    Ctbc Bank Corp. (usa) has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 608 $488,210,000 $802,977

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    608 $488,210,000 $802,977

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 62 $37,750,000 $608,871 $9,105 6.51%
    40-60% 371 $316,655,000 $853,518 $9,085 6.38%
    60-80% 168 $130,830,000 $778,750 $9,935 6.37%
    80-100% 2 $1,390,000 $695,000 $13,194 5.25%
    Under 20% 5 $1,585,000 $317,000 $3,979 6.70%