Bank Of Central Florida Mortgage Rates, Fees & Info
Lakeland, FLLEI: 549300GPM8XFBE00Z637
Tax ID: 20-8376899
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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, North Port, Punta Gorda, and Jacksonville among others. We have data for 13 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
83Origination Dollar Volume (All Markets)
$34,755,000Top 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) | 52 | $16,090,000 | $309,423 | $0 | 0.00% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 13 | $7,065,000 | $543,462 | $0 | 0.00% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 6 | $4,860,000 | $810,000 | $0 | 0.00% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 2 | $2,270,000 | $1,135,000 | $0 | 0.00% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 1 | $785,000 | $785,000 | $0 | 0.00% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 2 | $710,000 | $355,000 | $0 | 0.00% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 1 | $595,000 | $595,000 | $0 | 0.00% |
| SEBRING-AVON PARK, FL (FHA|USDA|VA) | 1 | $555,000 | $555,000 | $0 | 0.00% |
| Outside of Metro Areas | 1 | $465,000 | $465,000 | $0 | 0.00% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $0 | 0.00% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $0 | 0.00% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $0 | 0.00% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 83 | $34,755,000 | $418,735 | $0 | 0.00% |
For 2023, Bank Of Central Florida's most frequently originated type of loan was Conventional, with 83 originations.
Loan Reason
For 2023, Bank Of Central Florida's most frequently cited loan purpose was Home Purchase, with 67 originations. The 2nd most popular reason was Home Improvement, with 7 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 83 | $34,755,000 | $418,735 | $0 | 0.00% |
For 2023, Bank Of Central Florida's most frequently cited loan duration was Other, with 83 originations.
Loan Sizing
2023 saw Bank Of Central Florida place emphasis on $200k-400k loans with 39 originations, totaling $10,975,000 in origination value.
Applicant Income
Bank Of Central Florida lent most frequently to those with incomes in the $250k+ range, with 25 originations. The second most popular income band? $100k-150k, with 16 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 83 | $34,755,000 | $418,735 | $0 | 0.00% |
Bank Of Central Florida lent most frequently to those with DTI ratios of Exempt%, with 83 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications92.00%
Bank Of Central Florida has an average approval rate.
Pick Rate
Approvals leading to origination90.36%
Bank Of Central Florida has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 83 | $34,755,000 | $418,735 |