Cfsbank Mortgage Rates, Fees & Info
Charleroi, PALEI: 549300GJHCU3PV11PY25
Tax ID: 25-0400413
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Mortgage Data
Review & Overview
Cfsbank is a smaller bank specializing in Home Purchase loans. Cfsbank has a high proportion of conventional loans. They have a low ratio of USDA loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: Pittsburgh, New Castle, Beckley, Johnstown, and Indiana among others. We have data for 13 markets. (Some data included below & more in-depth data is available with an active subscription.)Cfsbank has an 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
196Origination Dollar Volume (All Markets)
$42,020,000Top 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 |
|---|---|---|---|---|---|
| PITTSBURGH, PA (FHA|USDA|VA) | 178 | $35,020,000 | $196,742 | $0 | 0.00% |
| Outside of Metro Areas | 4 | $1,850,000 | $462,500 | $0 | 0.00% |
| New Castle, PA (FHA|USDA|VA) | 3 | $1,155,000 | $385,000 | $0 | 0.00% |
| BECKLEY, WV (FHA|USDA|VA) | 1 | $1,015,000 | $1,015,000 | $0 | 0.00% |
| JOHNSTOWN, PA (FHA|USDA|VA) | 2 | $820,000 | $410,000 | $0 | 0.00% |
| Indiana, PA (FHA|USDA|VA) | 1 | $525,000 | $525,000 | $0 | 0.00% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $0 | 0.00% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $0 | 0.00% |
| YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $0 | 0.00% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $0 | 0.00% |
| HARRISBURG-CARLISLE, PA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 0.00% |
| Somerset, PA (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 0.00% |
| ERIE, PA (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 0.00% |
Product Mix
For 2024, Cfsbank's most frequently originated type of loan was Conventional, with 176 originations. Their 2nd most popular type was USDA, with 11 originations.
Loan Reason
For 2024, Cfsbank's most frequently cited loan purpose was Home Purchase, with 137 originations. The 2nd most popular reason was Home Improvement, with 23 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 196 | $42,020,000 | $214,388 | $0 | 0.00% |
For 2024, Cfsbank's most frequently cited loan duration was Other, with 196 originations.
Loan Sizing
2024 saw Cfsbank place emphasis on $100,000 or less loans with 61 originations, totaling $3,535,000 in origination value.
Applicant Income
Cfsbank lent most frequently to those with incomes in the $100k-150k range, with 41 originations. The second most popular income band? $50k-75k, with 40 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 196 | $42,020,000 | $214,388 | $0 | 0.00% |
Cfsbank lent most frequently to those with DTI ratios of Exempt%, with 196 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications88.89%
Cfsbank has an average approval rate.
Pick Rate
Approvals leading to origination82.14%
Cfsbank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 196 | $42,020,000 | $214,388 |