Charter West Bank Mortgage Rates, Fees & Info
West Point, NELEI: 549300GG5XNEIGHQTG04
Tax ID: 47-0679592
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage Data
Review & Overview
Charter West Bank is a smaller bank specializing in Home Purchase loans. Charter West Bank has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Omaha, Lincoln, Grand Island, Columbus, and Hastings among others. We have data for 41 markets. (Some data included below & more in-depth data is available with an active subscription.)Charter West 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. Charter West 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 | 6.49% | 12/2/24 |
| 30 Year Conventional Refi | 6.40% | 12/2/24 |
| 30 Year Cash-out Refi | 6.65% | 12/2/24 |
| 30 Year FHA Purchase | 7.13% | 12/2/24 |
| 30 Year FHA Refi | 7.27% | 12/2/24 |
| 30 Year VA Purchase | 5.99% | 12/2/24 |
| 30 Year VA Refi | 5.98% | 12/2/24 |
| 30 Year USDA Purchase | 6.70% | 12/2/24 |
| 15 Year Conventional Purchase | 5.87% | 12/2/24 |
| 15 Year Conventional Refi | 6.12% | 12/2/24 |
| 15 Year Cash-out Refi | 6.12% | 12/2/24 |
| 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. | ||
Charter West Bank Mortgage Calculator
Your Estimates
Estimated Loan Payment: Update the calculator values and click calculate payment!
This is not an official calculator from Charter West Bank. 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
1,779Origination Dollar Volume (All Markets)
$407,685,000Awards
CHARTER WEST BANK - 2022
CHARTER WEST BANK is a 2022 , due to their low .
For 2022, less than of lenders were eligible for this award.
Work for CHARTER WEST BANK?
Use this award on your own site. Either save and use the images below, or pass the provided image embed code to your development team.
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 |
|---|---|---|---|---|---|
| OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) | 920 | $232,230,000 | $252,424 | $4,700 | 5.10% |
| LINCOLN, NE (FHA|USDA|VA) | 213 | $51,925,000 | $243,779 | $3,931 | 5.04% |
| Outside of Metro Areas | 240 | $37,030,000 | $154,292 | $3,949 | 5.01% |
| GRAND ISLAND, NE (FHA|USDA|VA) | 107 | $21,145,000 | $197,617 | $4,660 | 5.06% |
| Columbus, NE (FHA|USDA|VA) | 83 | $17,715,000 | $213,434 | $4,697 | 5.11% |
| Hastings, NE (FHA|USDA|VA) | 66 | $11,980,000 | $181,515 | $4,214 | 5.13% |
| Fremont, NE (FHA|USDA|VA) | 22 | $3,870,000 | $175,909 | $3,982 | 4.92% |
| Lexington, NE (FHA|USDA|VA) | 21 | $3,665,000 | $174,524 | $4,159 | 4.96% |
| Norfolk, NE (FHA|USDA|VA) | 19 | $3,315,000 | $174,474 | $5,186 | 5.43% |
| Kearney, NE (FHA|USDA|VA) | 11 | $2,875,000 | $261,364 | $3,927 | 5.43% |
| Beatrice, NE (FHA|USDA|VA) | 15 | $2,825,000 | $188,333 | $3,741 | 4.60% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 8 | $2,720,000 | $340,000 | $4,346 | 4.75% |
| North Platte, NE (FHA|USDA|VA) | 10 | $1,980,000 | $198,000 | $3,205 | 4.80% |
| DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) | 4 | $1,580,000 | $395,000 | $6,968 | 4.72% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 3 | $1,165,000 | $388,333 | $2,261 | 5.29% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 2 | $920,000 | $460,000 | $3,450 | 5.44% |
| SIOUX CITY, IA-NE-SD (FHA|USDA|VA) | 8 | $820,000 | $102,500 | $3,336 | 5.72% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 2 | $820,000 | $410,000 | $7,043 | 4.19% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 2 | $770,000 | $385,000 | $6,074 | 4.50% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 2 | $690,000 | $345,000 | $3,201 | 4.25% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 1 | $645,000 | $645,000 | $3,672 | 5.50% |
| Great Bend, KS (FHA|USDA|VA) | 1 | $645,000 | $645,000 | $7,710 | 4.63% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 1 | $645,000 | $645,000 | $3,957 | 2.50% |
| NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) | 1 | $645,000 | $645,000 | $5,335 | 4.88% |
| JACKSON, MS (FHA|USDA|VA) | 1 | $535,000 | $535,000 | $12,614 | 5.13% |
| FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) | 1 | $525,000 | $525,000 | $5,508 | 5.63% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 1 | $465,000 | $465,000 | $5,151 | 5.75% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $17,641 | 5.25% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $11,569 | 2.63% |
| JEFFERSON CITY, MO (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $2,460 | 5.63% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $11,162 | 5.75% |
| CHEYENNE, WY (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $2,804 | 6.13% |
| FORT WAYNE, IN (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $1,937 | 5.99% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $9,155 | 5.75% |
| ALBUQUERQUE, NM (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $3,571 | 3.50% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $3,279 | 5.25% |
| LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $3,715 | 5.13% |
| DuBois, PA (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $3,527 | 6.25% |
| Yankton, SD (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $1,789 | 5.63% |
| Ottumwa, IA (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $3,059 | 4.25% |
| Harrison, AR (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $2,552 | 8.13% |
Similar Lenders
We use machine learning to identify the top lenders compared against CHARTER WEST BANK based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
Similarity Rank: 91
Similarity Rank: 132
Similarity Rank: 176
Similarity Rank: 279
Similarity Rank: 330
Similarity Rank: 792
Similarity Rank: 836
Similarity Rank: 867
Similarity Rank: 912
Similarity Rank: 1260
Product Mix
For 2022, Charter West Bank's most frequently originated type of loan was Conventional, with 1,201 originations. Their 2nd most popular type was FHA, with 384 originations.
Loan Reason
For 2022, Charter West Bank's most frequently cited loan purpose was Home Purchase, with 1,529 originations. The 2nd most popular reason was Cash Out Refi, with 123 originations.
Loan Duration/Length
For 2022, Charter West Bank's most frequently cited loan duration was 30 Year, with 1,580 originations. The 2nd most popular length was 20 Year, with 73 originations.
Origination Fees/Closing Costs
Charter West Bank's average total fees were $4,597, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 688 originations.
Interest Rates
During 2022, Charter West Bank's average interest rate for loans was 5.10%, while their most frequently originated rate bucket for loans was 5-6%, with 644 originations.
Loan Sizing
2022 saw Charter West Bank place emphasis on $200k-400k loans with 746 originations, totaling $200,670,000 in origination value.
Applicant Income
Charter West Bank lent most frequently to those with incomes in the $50k-75k range, with 496 originations. The second most popular income band? $50k or less, with 354 originations.
Applicant Debt to Income Ratio
Charter West Bank lent most frequently to those with DTI ratios of 30-36%, with 299 originations. The next most common DTI ratio? 20-30%, with 237 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications95.50%
Charter West 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 origination79.26%
Charter West Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 1,779 | $407,685,000 | $229,165 |