First Central Savings Bank Mortgage Rates, Fees & Info
Glen Cove, NYLEI: 549300F1COXL6UBFCP55
Tax ID: 52-2140279
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
First Central Savings Bank is a smaller bank specializing in Refi and Home Improvement loans. First Central Savings Bank has a high proportion of conventional loans. Their top (well, only) market is New York.First Central Savings 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
12Origination Dollar Volume (All Markets)
$38,160,000Top 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 |
---|---|---|---|---|---|
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 12 | $38,160,000 | $3,180,000 | $0 | 5.48% |
Similar Lenders
We use machine learning to identify the top lenders compared against First Central Savings Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
Similarity Rank: 55
Similarity Rank: 63
Similarity Rank: 66
Similarity Rank: 80
Similarity Rank: 120
Similarity Rank: 120
Similarity Rank: 125
Similarity Rank: 156
Similarity Rank: 231
Similarity Rank: 248
Product Mix
Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
---|---|---|---|---|---|
Conventional | 12 | $38,160,000 | $3,180,000 | $0 | 5.48% |
For 2018, First Central Savings Bank's most frequently originated type of loan was Conventional, with 12 originations.
Loan Reason
For 2018, First Central Savings Bank's most frequently cited loan purpose was Refi, with 5 originations. The 2nd most popular reason was Home Improvement, with 4 originations.
Loan Duration/Length
For 2018, First Central Savings Bank's most frequently cited loan duration was 10 Year, with 3 originations. The 2nd most popular length was 3 Year, with 3 originations.
Interest Rates
Loan Rate | Originations | Total Value | Average Loan |
---|---|---|---|
6-7% | 5 | $24,455,000 | $4,891,000 |
4-5% | 3 | $2,765,000 | $921,667 |
3-4% | 2 | $3,610,000 | $1,805,000 |
5-6% | 2 | $7,330,000 | $3,665,000 |
During 2018, First Central Savings Bank's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 6-7%, with 5 originations.
Loan Sizing
Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
---|---|---|---|---|---|
$1MM+ | 9 | $35,875,000 | $3,986,111 | $0 | 5.72% |
$600k-1MM | 3 | $2,285,000 | $761,667 | $0 | 4.75% |
2018 saw First Central Savings Bank place emphasis on $1MM+ loans with 9 originations, totaling $35,875,000 in origination value.
Ethnicity Mix
Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
---|---|---|---|---|---|
Not applicable | 12 | $38,160,000 | $3,180,000 | $0 | 5.48% |
Approval Rates
Total approvals of all applications93.75%
First Central Savings Bank has an average approval rate.
Pick Rate
Approvals leading to origination75.00%
First Central Savings Bank has a below average pick rate.
Points and Fees
Points | Originations | Total Value | Average Loan |
---|---|---|---|
NA | 12 | $38,160,000 | $3,180,000 |
Occupancy Type Mix
Dwelling Type | Originations | Total Value | Average Loan |
---|---|---|---|
Multifamily:Site-Built | 11 | $37,435,000 | $3,403,182 |
Single Family (1-4 Units):Site-Built | 1 | $725,000 | $725,000 |
LTV Distribution
Loan to Value | Originations | Total Value | Average Loan | Average Fees | Average Rate |
---|---|---|---|---|---|
20-40% | 3 | $5,765,000 | $1,921,667 | $0 | 5.17% |
40-60% | 5 | $12,675,000 | $2,535,000 | $0 | 4.95% |
60-80% | 4 | $19,720,000 | $4,930,000 | $0 | 6.38% |
Complaints
Bank Name | Product | Issue | 2018 CPFB Complaints | % of Total Issues |
---|---|---|---|---|
FIRST HORIZON BANK | Home equity loan or line of credit (HELOC) | Problem with a credit reporting company's investigation into an existing problem | 1 | 7.1% |
FIRST HORIZON BANK | Other type of mortgage | Trouble during payment process | 1 | 7.1% |
FIRST HORIZON BANK | Conventional home mortgage | Struggling to pay mortgage | 3 | 21.4% |
FIRST HORIZON BANK | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 7.1% |
FIRST HORIZON BANK | Conventional home mortgage | Trouble during payment process | 5 | 35.7% |
FIRST HORIZON BANK | FHA mortgage | Trouble during payment process | 1 | 7.1% |
FIRST HORIZON BANK | Home equity loan or line of credit (HELOC) | Incorrect information on your report | 1 | 7.1% |
FIRST HORIZON BANK | Home equity loan or line of credit (HELOC) | Trouble during payment process | 1 | 7.1% |