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
Jump to:
Mortgage Data
Review & Overview
First Central Savings Bank is a smaller bank specializing in Home Purchase loans. First Central Savings Bank has a high proportion of conventional loans. Their top markets by origination volume include: New York, Miami, Boston, Tampa, and Orlando among others. We have data for 18 markets. (Some data included below & more in-depth data is available with an active subscription.)First Central Savings Bank has an above average approval rate when compared to the average across all lenders. They have an above 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.
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.
Originations
478Origination Dollar Volume (All Markets)
$311,510,000Top 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) | 439 | $295,815,000 | $673,838 | $0 | 0.00% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 14 | $6,110,000 | $436,429 | $0 | 0.00% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 4 | $1,670,000 | $417,500 | $0 | 0.00% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 5 | $1,415,000 | $283,000 | $0 | 0.00% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 3 | $1,025,000 | $341,667 | $0 | 0.00% |
| KINGSTON, NY (FHA|USDA|VA) | 1 | $935,000 | $935,000 | $0 | 0.00% |
| HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) | 1 | $765,000 | $765,000 | $0 | 0.00% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 1 | $745,000 | $745,000 | $0 | 0.00% |
| Outside of Metro Areas | 1 | $465,000 | $465,000 | $0 | 0.00% |
| PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $0 | 0.00% |
| ITHACA, NY (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $0 | 0.00% |
| Hudson, NY (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $0 | 0.00% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $0 | 0.00% |
| BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $0 | 0.00% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $0 | 0.00% |
| ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $0 | 0.00% |
| POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 0.00% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 0.00% |
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: 30
Similarity Rank: 51
Similarity Rank: 124
Similarity Rank: 142
Similarity Rank: 201
Similarity Rank: 481
Similarity Rank: 540
Similarity Rank: 644
Similarity Rank: 664
Similarity Rank: 680
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 478 | $311,510,000 | $651,695 | $0 | 0.00% |
For 2022, First Central Savings Bank's most frequently originated type of loan was Conventional, with 478 originations.
Loan Reason
For 2022, First Central Savings Bank's most frequently cited loan purpose was Home Purchase, with 394 originations. The 2nd most popular reason was Cash Out Refi, with 46 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 478 | $311,510,000 | $651,695 | $0 | 0.00% |
For 2022, First Central Savings Bank's most frequently cited loan duration was Other, with 478 originations.
Loan Sizing
2022 saw First Central Savings Bank place emphasis on $600k-1MM loans with 189 originations, totaling $142,915,000 in origination value.
Applicant Income
First Central Savings Bank lent most frequently to those with incomes in the $100k-150k range, with 112 originations. The second most popular income band? $75k-100k, with 89 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 478 | $311,510,000 | $651,695 | $0 | 0.00% |
First Central Savings Bank lent most frequently to those with DTI ratios of Exempt%, with 478 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications97.30%
First Central Savings Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination99.16%
First Central Savings Bank has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 478 | $311,510,000 | $651,695 |
Complaints
| Bank Name | Product | Issue | 2022 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| FIRST CITIZENS BANCSHARES, INC. | Home equity loan or line of credit (HELOC) | Applying for a mortgage or refinancing an existing mortgage | 1 | 100.0% |