Bank Of Central Florida Mortgage Rates, Fees & Info
Lakeland, FLLEI: 549300GPM8XFBE00Z637
Tax ID: 20-8376899
Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Bank Of Central Florida is a smaller bank specializing in Home Purchase loans. Bank Of Central Florida has a high proportion of conventional loans. Their top markets by origination volume include: Lakeland, Tampa, Asheville, Gainesville, and Punta Gorda among others. We have data for 8 markets. (Some data included below & more in-depth data is available with an active subscription.)Bank Of Central Florida 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
59Origination Dollar Volume (All Markets)
$33,575,000Top 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 |
|---|---|---|---|---|---|
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 39 | $15,925,000 | $408,333 | $0 | 0.00% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 12 | $12,150,000 | $1,012,500 | $0 | 0.00% |
| ASHEVILLE, NC (FHA|USDA|VA) | 1 | $2,005,000 | $2,005,000 | $0 | 0.00% |
| GAINESVILLE, FL (FHA|USDA|VA) | 2 | $1,220,000 | $610,000 | $0 | 0.00% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 1 | $805,000 | $805,000 | $0 | 0.00% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 1 | $605,000 | $605,000 | $0 | 0.00% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 1 | $465,000 | $465,000 | $0 | 0.00% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 2 | $400,000 | $200,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 59 | $33,575,000 | $569,068 | $0 | 0.00% |
For 2024, Bank Of Central Florida's most frequently originated type of loan was Conventional, with 59 originations.
Loan Reason
For 2024, Bank Of Central Florida's most frequently cited loan purpose was Home Purchase, with 48 originations. The 2nd most popular reason was Refi, with 7 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 59 | $33,575,000 | $569,068 | $0 | 0.00% |
For 2024, Bank Of Central Florida's most frequently cited loan duration was Other, with 59 originations.
Loan Sizing
2024 saw Bank Of Central Florida place emphasis on $200k-400k loans with 26 originations, totaling $6,980,000 in origination value.
Applicant Income
Bank Of Central Florida lent most frequently to those with incomes in the $250k+ range, with 17 originations. The second most popular income band? $150k-250k, with 5 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 59 | $33,575,000 | $569,068 | $0 | 0.00% |
Bank Of Central Florida lent most frequently to those with DTI ratios of Exempt%, with 59 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications96.97%
Bank Of Central Florida has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination91.53%
Bank Of Central Florida has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 59 | $33,575,000 | $569,068 |