Cfsbank Mortgage Rates, Fees & Info
Charleroi, PALEI: 549300GJHCU3PV11PY25
Tax ID: 25-0400413
Latest/2023 | 2022 Data | 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
345Origination Dollar Volume (All Markets)
$83,695,000Top 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) | 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% |
Their top states include:
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
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
2022 saw Cfsbank place emphasis on $100,000 or less loans with 111 originations, totaling $5,915,000 in origination value.
Applicant Income
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
Approval Rates
Total approvals of all applications95.92%
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 origination91.01%
Cfsbank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 345 | $83,695,000 | $242,594 |