Central State Bank Mortgage Rates, Fees & Info
Calera, ALLEI: 549300H0IFPIJWI3KL08
Tax ID: 63-0039180
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Mortgage Data
Review & Overview
Central State Bank is a smaller bank specializing in Home Purchase and Refi loans. Central State Bank has a high proportion of conventional loans. Their top markets by origination volume include: Birmingham, Tuscaloosa, North Port, Alexander City, and Daphne among others. We have data for 13 markets. (Some data included below & more in-depth data is available with an active subscription.)Central State Bank 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
98Origination Dollar Volume (All Markets)
$28,970,000Top 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 |
|---|---|---|---|---|---|
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 78 | $18,270,000 | $234,231 | $0 | 0.00% |
| TUSCALOOSA, AL (FHA|USDA|VA) | 3 | $3,775,000 | $1,258,333 | $0 | 0.00% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 1 | $1,745,000 | $1,745,000 | $0 | 0.00% |
| Alexander City, AL (FHA|USDA|VA) | 5 | $1,365,000 | $273,000 | $0 | 0.00% |
| Outside of Metro Areas | 1 | $1,305,000 | $1,305,000 | $0 | 0.00% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 1 | $565,000 | $565,000 | $0 | 0.00% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 2 | $410,000 | $205,000 | $0 | 0.00% |
| AUBURN-OPELIKA, AL (FHA|USDA|VA) | 2 | $400,000 | $200,000 | $0 | 0.00% |
| PANAMA CITY, FL (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $0 | 0.00% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $0 | 0.00% |
| HUNTSVILLE, AL (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $0 | 0.00% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 0.00% |
| Albertville, AL (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 98 | $28,970,000 | $295,612 | $0 | 0.00% |
For 2023, Central State Bank's most frequently originated type of loan was Conventional, with 98 originations.
Loan Reason
For 2023, Central State Bank's most frequently cited loan purpose was Home Purchase, with 57 originations. The 2nd most popular reason was Refi, with 32 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 98 | $28,970,000 | $295,612 | $0 | 0.00% |
For 2023, Central State Bank's most frequently cited loan duration was Other, with 98 originations.
Loan Sizing
2023 saw Central State Bank place emphasis on $200k-400k loans with 36 originations, totaling $9,510,000 in origination value.
Applicant Income
Central State Bank lent most frequently to those with incomes in the $100k-150k range, with 15 originations. The second most popular income band? $150k-250k, with 11 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 98 | $28,970,000 | $295,612 | $0 | 0.00% |
Central State Bank lent most frequently to those with DTI ratios of Exempt%, with 98 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications93.81%
Central State Bank has an average approval rate.
Pick Rate
Approvals leading to origination91.84%
Central State Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 98 | $28,970,000 | $295,612 |