Community State Bank Mortgage Rates, Fees & Info

Union Grove, WI

LEI: 54930098WTIWNSB1OV47

Tax ID: 39-0634530

5 stars - out of 5 stars, based on 14 reviews

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

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Mortgage Data

  • SimulatedRates™
  • Originations
  • Relative Rates
  • Relative Fees
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Similar Lenders
  • 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

    Community State Bank is a smaller bank specializing in loans. Community State Bank has a high proportion of conventional loans. Their top markets by origination volume include: Racine, Whitewater, Chicago, Milwaukee, and Madison among others. We have data for 10 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Community State 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. Community State Bank is typically a low 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 about average 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 6.34% 3/27/23
    30 Year Conventional Refi 6.42% 3/27/23
    30 Year Cash-out Refi 6.56% 3/27/23
    15 Year Conventional Purchase 6.01% 3/27/23
    15 Year Conventional Refi 6.14% 3/27/23
    15 Year Cash-out Refi 6.14% 3/27/23
    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.


    Originations

    203

    Origination Dollar Volume (All Markets)

    $47,435,000

    Relative Rate

    Community State Bank's average 30 year fixed mortgage rate was 4.41%.

    The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.

    This yields a difference of -0.35%.

    Relative Fees (Closing Costs)

    Community State Bank's average total fees/closing costs for a 30 year fixed rate mortgage were $3,394.

    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 $4,750.

    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
    RACINE, WI (FHA|USDA|VA) 102 $22,680,000 $222,353 $2,858 4.62%
    Whitewater, WI (FHA|USDA|VA) 42 $11,840,000 $281,905 $2,714 4.87%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 43 $9,585,000 $222,907 $3,393 4.60%
    MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 7 $1,795,000 $256,429 $2,584 5.02%
    Outside of Metro Areas 4 $910,000 $227,500 $6,724 4.25%
    MADISON, WI (FHA|USDA|VA) 1 $175,000 $175,000 $0 5.50%
    WAUSAU-WESTON, WI (FHA|USDA|VA) 1 $155,000 $155,000 $2,341 4.50%
    FOND DU LAC, WI (FHA|USDA|VA) 1 $105,000 $105,000 $0 4.75%
    Beaver Dam, WI (FHA|USDA|VA) 1 $105,000 $105,000 $1,706 5.13%
    Shawano, WI (FHA|USDA|VA) 1 $85,000 $85,000 $1,764 3.88%
    Community State Bank's top markets include Racine, Whitewater, Chicago, Milwaukee, and Madison among others.

    Their top states include:
  • Wisconsin (FHA|USDA|VA)

    • Similar Lenders

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

    First Savings Bank of Hegewisch
    Similarity Rank: 30
    PyraMax Bank, FSB
    Similarity Rank: 150
    Liberty Bank for Savings
    Similarity Rank: 153
    The Greenwood's State Bank
    Similarity Rank: 378
    Tri City National Bank
    Similarity Rank: 686
    OCEANSIDE MORTGAGE COMPANY
    Similarity Rank: 840
    DuPage Credit Union
    Similarity Rank: 933
    LOANFLIGHT LENDING, LLC
    Similarity Rank: 936
    The Equitable Bank, S.S.B.
    Similarity Rank: 936
    PremierBank
    Similarity Rank: 990

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 203 $47,435,000 $233,670 $2,987 4.68%

    For 2022, Community State Bank's most frequently originated type of loan was Conventional, with 203 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 107 $29,745,000 $277,991 $2,907 4.81%
    Cash Out Refi 36 $7,660,000 $212,778 $4,518 4.66%
    Refi 31 $6,995,000 $225,645 $2,082 4.04%
    Home Improvement 18 $1,750,000 $97,222 $1,700 4.99%
    Other 11 $1,285,000 $116,818 $2,036 4.68%

    For 2022, Community State Bank's most frequently cited loan purpose was Home Purchase, with 107 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 103 $29,075,000 $282,282 $3,394 4.41%
    Other 49 $7,835,000 $159,898 $451 5.89%
    15 Year 25 $4,505,000 $180,200 $2,191 3.58%
    5 Year 16 $2,550,000 $159,375 $0 4.92%
    20 Year 7 $2,335,000 $333,571 $2,473 4.04%
    10 Year 2 $290,000 $145,000 $2,891 3.00%
    3 Year 1 $845,000 $845,000 $0 4.50%

    For 2022, Community State Bank's most frequently cited loan duration was 30 Year, with 103 originations. The 2nd most popular length was Other, with 49 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 64 $18,520,000 $289,375
    $1k-2k 29 $6,535,000 $225,345
    $2k-3k 16 $3,540,000 $221,250
    $3k-4k 12 $2,300,000 $191,667
    $5k+ 10 $3,340,000 $334,000
    $4k-5k 7 $2,015,000 $287,857

    Community State Bank's average total fees were $3,394, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 64 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 59 $16,375,000 $277,542
    4-5% 54 $12,010,000 $222,407
    5-6% 52 $11,230,000 $215,962
    6-7% 20 $4,060,000 $203,000
    2.5-3% 15 $3,385,000 $225,667
    7-8% 2 $240,000 $120,000
    Over 8% 1 $135,000 $135,000

    During 2022, Community State Bank's average interest rate for loans was 4.41%, while their most frequently originated rate bucket for loans was 3-4%, with 59 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 78 $11,600,000 $148,718 $3,043 4.70%
    $200k-400k 67 $19,285,000 $287,836 $3,375 4.57%
    $100,000 or less 32 $1,930,000 $60,313 $1,537 5.02%
    $400k-600k 19 $9,165,000 $482,368 $3,498 4.61%
    $600k-1MM 6 $4,340,000 $723,333 $2,276 4.21%
    $1MM+ 1 $1,115,000 $1,115,000 $516 3.38%

    2022 saw Community State Bank place emphasis on $100k-200k loans with 78 originations, totaling $11,600,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 41 $9,305,000 $226,951 $2,511 4.46%
    $150k-250k 40 $11,530,000 $288,250 $3,585 4.45%
    $50k-75k 34 $5,570,000 $163,824 $2,782 4.65%
    $75k-100k 31 $5,795,000 $186,935 $3,214 4.47%
    $250k+ 16 $5,770,000 $360,625 $3,216 4.52%
    $50k or less 8 $1,070,000 $133,750 $3,064 3.75%

    Community State Bank lent most frequently to those with incomes in the $100k-150k range, with 41 originations. The second most popular income band? $150k-250k, with 40 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 47 $10,975,000 $233,511 $2,831 4.16%
    30-36% 32 $7,440,000 $232,500 $2,753 4.21%
    <20% 19 $4,015,000 $211,316 $2,295 4.24%
    >60% 10 $1,290,000 $129,000 $0 5.98%
    38% 10 $2,560,000 $256,000 $3,001 4.53%
    43% 7 $2,415,000 $345,000 $6,197 3.95%
    40% 6 $1,430,000 $238,333 $3,757 4.73%
    36% 6 $1,570,000 $261,667 $3,467 5.15%
    37% 6 $1,420,000 $236,667 $1,773 4.35%
    39% 5 $595,000 $119,000 $3,066 4.65%
    44% 4 $1,290,000 $322,500 $4,486 5.34%
    45% 4 $1,150,000 $287,500 $2,653 4.11%
    47% 4 $780,000 $195,000 $4,661 4.09%
    42% 4 $1,260,000 $315,000 $1,385 5.28%
    50-60% 4 $1,110,000 $277,500 $0 5.15%
    48% 3 $575,000 $191,667 $1,599 4.54%
    49% 1 $125,000 $125,000 $2,810 5.13%
    41% 1 $35,000 $35,000 $0 5.50%

    Community State Bank lent most frequently to those with DTI ratios of 20-30%, with 47 originations. The next most common DTI ratio? 30-36%, with 32 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 167 $38,435,000 $230,150 $3,015 4.46%
    Not applicable 29 $7,295,000 $251,552 $0 5.91%
    Not provided 4 $1,120,000 $280,000 $1,911 4.38%
    Asian 2 $410,000 $205,000 $0 5.50%
    Native Hawaiian or Islander 1 $175,000 $175,000 $2,376 5.00%

    Approval Rates

    Total approvals of all applications
    91.25%

    Community State Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    81.77%

    Community State Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 203 $47,435,000 $233,670

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    203 $47,435,000 $233,670

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 32 $4,510,000 $140,938 $2,105 4.38%
    40-60% 27 $6,245,000 $231,296 $2,379 4.38%
    60-80% 87 $24,235,000 $278,563 $3,909 4.84%
    80-100% 35 $9,615,000 $274,714 $3,205 4.57%
    Over 100% 3 $1,665,000 $555,000 $0 4.92%
    Under 20% 18 $930,000 $51,667 $791 5.03%

    Complaints

    Bank Name Product Issue 2022 CPFB Complaints % of Total Issues
    Community Loan Servicing, LLC (formerly known as Bayview Loan Servicing, LLC) FHA mortgage Struggling to pay mortgage 2 66.7%
    Community Loan Servicing, LLC (formerly known as Bayview Loan Servicing, LLC) Other type of mortgage Trouble during payment process 1 33.3%