Cendera Bank N.a. Mortgage Rates, Fees & Info

BELLS, TX

LEI: 549300BFTWW1HFL7JF90

Tax ID: 75-0135768

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

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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

    Cendera Bank N.a. is a smaller bank specializing in Home Purchase and Refi loans. Cendera Bank N.a. has a high proportion of conventional loans. Their top markets by origination volume include: Dallas, Bonham, Sherman, Houston, and Austin among others. We have data for 9 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Cendera Bank N.a. 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. Cendera Bank N.a. 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.

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    Originations

    43

    Origination Dollar Volume (All Markets)

    $12,135,000

    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
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 27 $9,555,000 $353,889 $6,493 6.17%
    Bonham, TX (FHA|USDA|VA) 5 $445,000 $89,000 $3,889 6.75%
    SHERMAN-DENISON, TX (FHA|USDA|VA) 3 $425,000 $141,667 $4,102 7.00%
    Outside of Metro Areas 2 $410,000 $205,000 $371,499 6.38%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 2 $400,000 $200,000 $5,482 6.38%
    AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 1 $385,000 $385,000 $6,825 6.50%
    Granbury, TX (FHA|USDA|VA) 1 $235,000 $235,000 $6,275 6.50%
    Athens, TX (FHA|USDA|VA) 1 $155,000 $155,000 $4,818 6.50%
    GRAND JUNCTION, CO (FHA|USDA|VA) 1 $125,000 $125,000 $2,759 6.25%
    Cendera Bank N.a.'s top markets include Dallas, Bonham, Sherman, Houston, and Austin among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 43 $12,135,000 $282,209 $27,184 6.34%

    For 2019, Cendera Bank N.a.'s most frequently originated type of loan was Conventional, with 43 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 24 $7,820,000 $325,833 $43,211 6.23%
    Refi 10 $3,060,000 $306,000 $5,416 6.30%
    Other 7 $925,000 $132,143 $3,556 6.71%
    Home Improvement 2 $330,000 $165,000 $4,044 6.50%

    For 2019, Cendera Bank N.a.'s most frequently cited loan purpose was Home Purchase, with 24 originations. The 2nd most popular reason was Refi, with 10 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    20 Year 14 $4,250,000 $303,571 $6,748 6.27%
    Other 12 $4,470,000 $372,500 $6,675 6.06%
    30 Year 9 $2,405,000 $267,222 $86,379 6.61%
    15 Year 4 $410,000 $102,500 $3,668 6.25%
    30+ year 2 $420,000 $210,000 $5,715 6.50%
    1 Year 1 $155,000 $155,000 $4,313 6.50%
    10 Year 1 $25,000 $25,000 $2,451 8.00%

    For 2019, Cendera Bank N.a.'s most frequently cited loan duration was 20 Year, with 14 originations. The 2nd most popular length was Other, with 12 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $2k-3k 10 $2,270,000 $227,000
    $<1k 7 $525,000 $75,000
    $1k-2k 7 $1,135,000 $162,143
    $4k-5k 5 $1,855,000 $371,000
    $3k-4k 4 $1,090,000 $272,500
    $5k+ 2 $1,820,000 $910,000

    Cendera Bank N.a.'s average total fees were $86,379, while their most frequently occuring range of origination fees (closing costs) were in the $2k-3k bucket, with 10 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 30 $8,700,000 $290,000
    5-6% 11 $3,375,000 $306,818
    7-8% 1 $25,000 $25,000
    Over 8% 1 $35,000 $35,000

    During 2019, Cendera Bank N.a.'s average interest rate for loans was 6.61%, while their most frequently originated rate bucket for loans was 6-7%, with 30 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 15 $3,905,000 $260,333 $58,553 6.22%
    $100k-200k 13 $1,845,000 $141,923 $4,333 6.19%
    $100,000 or less 7 $355,000 $50,714 $2,222 6.89%
    $400k-600k 4 $1,850,000 $462,500 $8,181 6.50%
    $600k-1MM 3 $2,575,000 $858,333 $13,827 6.08%
    $1MM+ 1 $1,605,000 $1,605,000 $0 6.25%

    2019 saw Cendera Bank N.a. place emphasis on $200k-400k loans with 15 originations, totaling $3,905,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 9 $4,005,000 $445,000 $8,097 6.11%
    $100k-150k 8 $1,870,000 $233,750 $96,899 6.47%
    $50k or less 7 $695,000 $99,286 $3,374 6.43%
    $150k-250k 4 $1,150,000 $287,500 $7,345 6.50%
    $50k-75k 4 $480,000 $120,000 $3,928 7.00%
    $75k-100k 3 $495,000 $165,000 $5,200 6.17%

    Cendera Bank N.a. lent most frequently to those with incomes in the $250k+ range, with 9 originations. The second most popular income band? $100k-150k, with 8 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 12 $2,310,000 $192,500 $65,477 6.46%
    <20% 11 $3,355,000 $305,000 $6,934 6.30%
    30-36% 6 $860,000 $143,333 $4,598 6.46%
    43% 2 $600,000 $300,000 $6,203 6.50%
    45% 1 $155,000 $155,000 $4,313 6.50%
    37% 1 $975,000 $975,000 $15,013 6.50%
    38% 1 $315,000 $315,000 $7,133 6.50%
    42% 1 $125,000 $125,000 $2,759 6.25%

    Cendera Bank N.a. lent most frequently to those with DTI ratios of 20-30%, with 12 originations. The next most common DTI ratio? <20%, with 11 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 34 $8,560,000 $251,765 $27,875 6.41%
    Not applicable 8 $3,440,000 $430,000 $0 6.03%
    Not provided 1 $135,000 $135,000 $4,381 6.25%

    Approval Rates

    Total approvals of all applications
    90.74%

    Cendera Bank N.a. has an average approval rate.

    Pick Rate

    Approvals leading to origination
    86.05%

    Cendera Bank N.a. has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 43 $12,135,000 $282,209

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 1 $755,000 $755,000
    Single Family (1-4 Units):Manufactured 2 $260,000 $130,000
    Single Family (1-4 Units):Site-Built 40 $11,120,000 $278,000

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 3 $555,000 $185,000 $5,101 6.75%
    40-60% 5 $585,000 $117,000 $3,284 6.90%
    60-80% 25 $6,395,000 $255,800 $6,523 6.17%
    80-100% 5 $1,485,000 $297,000 $151,794 6.45%
    Over 100% 3 $2,805,000 $935,000 $0 6.17%
    Under 20% 2 $310,000 $155,000 $4,817 6.38%

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    CENTERSTATE BANK CORPORATION Conventional home mortgage Trouble during payment process 1 50.0%
    CENTERSTATE BANK CORPORATION VA mortgage Applying for a mortgage or refinancing an existing mortgage 1 50.0%