Cfsbank Mortgage Rates, Fees & Info

Charleroi, PA

LEI: 549300GJHCU3PV11PY25

Tax ID: 25-0400413

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

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Mortgage Data

Review & Overview

Cfsbank is a smaller bank specializing in Home Purchase and Refi loans. Cfsbank has a high proportion of conventional loans. Their top markets by origination volume include: Pittsburgh, New Castle, Youngstown, Meadville, and Somerset among others. We have data for 9 markets. (Some data included below & more in-depth data is available with an active subscription.)

Cfsbank 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.

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Originations

345

Origination Dollar Volume (All Markets)

$83,695,000

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
PITTSBURGH, PA (FHA|USDA|VA) 332 $80,060,000 $241,145 $0 0.00%
New Castle, PA (FHA|USDA|VA) 3 $1,125,000 $375,000 $0 0.00%
YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) 1 $985,000 $985,000 $0 0.00%
Meadville, PA (FHA|USDA|VA) 1 $425,000 $425,000 $0 0.00%
Somerset, PA (FHA|USDA|VA) 3 $415,000 $138,333 $0 0.00%
Outside of Metro Areas 2 $290,000 $145,000 $0 0.00%
Lock Haven, PA (FHA|USDA|VA) 1 $215,000 $215,000 $0 0.00%
READING, PA (FHA|USDA|VA) 1 $95,000 $95,000 $0 0.00%
Indiana, PA (FHA|USDA|VA) 1 $85,000 $85,000 $0 0.00%
Cfsbank's top markets include Pittsburgh, New Castle, Youngstown, Meadville, and Somerset among others.

Their top states include:
  • Pennsylvania (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 345 $83,695,000 $242,594 $0 0.00%

    For 2022, Cfsbank's most frequently originated type of loan was Conventional, with 345 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 161 $48,135,000 $298,975 $0 0.00%
    Refi 116 $29,440,000 $253,793 $0 0.00%
    Home Improvement 36 $2,580,000 $71,667 $0 0.00%
    Other 32 $3,540,000 $110,625 $0 0.00%

    For 2022, Cfsbank's most frequently cited loan purpose was Home Purchase, with 161 originations. The 2nd most popular reason was Refi, with 116 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 345 $83,695,000 $242,594 $0 0.00%

    For 2022, Cfsbank's most frequently cited loan duration was Other, with 345 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 111 $5,915,000 $53,288 $0 0.00%
    $100k-200k 93 $13,625,000 $146,505 $0 0.00%
    $200k-400k 80 $22,580,000 $282,250 $0 0.00%
    $400k-600k 30 $14,110,000 $470,333 $0 0.00%
    $600k-1MM 25 $19,195,000 $767,800 $0 0.00%
    $1MM+ 6 $8,270,000 $1,378,333 $0 0.00%

    2022 saw Cfsbank place emphasis on $100,000 or less loans with 111 originations, totaling $5,915,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 56 $11,810,000 $210,893 $0 0.00%
    $150k-250k 55 $16,955,000 $308,273 $0 0.00%
    $50k-75k 39 $4,305,000 $110,385 $0 0.00%
    $75k-100k 37 $5,345,000 $144,459 $0 0.00%
    $250k+ 30 $14,730,000 $491,000 $0 0.00%
    $50k or less 24 $1,460,000 $60,833 $0 0.00%

    Cfsbank lent most frequently to those with incomes in the $100k-150k range, with 56 originations. The second most popular income band? $150k-250k, with 55 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 345 $83,695,000 $242,594 $0 0.00%

    Cfsbank lent most frequently to those with DTI ratios of Exempt%, with 345 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 240 $52,200,000 $217,500 $0 0.00%
    Not applicable 89 $25,015,000 $281,067 $0 0.00%
    Not provided 3 $2,395,000 $798,333 $0 0.00%
    Black 7 $1,925,000 $275,000 $0 0.00%
    Asian Indian 3 $1,115,000 $371,667 $0 0.00%
    Asian 2 $890,000 $445,000 $0 0.00%
    Other Asian 1 $155,000 $155,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    95.92%

    Cfsbank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    91.01%

    Cfsbank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 345 $83,695,000 $242,594

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    345 $83,695,000 $242,594