Community Partners Savings Bank Mortgage Rates, Fees & Info

Salem, IL

LEI: 549300HXQLIV5UBQEF05

Tax ID: 37-0399845

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Review & Overview

Community Partners Savings Bank is a smaller bank specializing in Home Purchase and Cash Out Refi loans. Community Partners Savings Bank has a high proportion of conventional loans. Their top markets by origination volume include: Centralia, Peoria, Mount Vernon, Carbondale, and St. Louis among others. We have data for 6 markets. (Some data included below & more in-depth data is available with an active subscription.)

Community Partners Savings Bank 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

227

Origination Dollar Volume (All Markets)

$18,715,000

Top 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
Centralia, IL (FHA\|USDA\|VA)	100	$8,270,000	$82,700	$0	0.00%
PEORIA, IL (FHA\|USDA\|VA)	49	$4,595,000	$93,776	$0	0.00%
Outside of Metro Areas	58	$3,960,000	$68,276	$0	0.00%
Mount Vernon, IL (FHA\|USDA\|VA)	14	$1,060,000	$75,714	$0	0.00%
CARBONDALE-MARION, IL (FHA\|USDA\|VA)	2	$610,000	$305,000	$0	0.00%
ST. LOUIS, MO-IL (FHA\|USDA\|VA)	4	$220,000	$55,000	$0	0.00%

Community Partners Savings Bank's top markets include Centralia, Peoria, Mount Vernon, Carbondale, and St. Louis among others.

Their top states include:

Illinois (FHA|USDA|VA)

Product Mix

Loan Type	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Conventional	227	$18,715,000	$82,445	$0	0.00%

For 2022, Community Partners Savings Bank's most frequently originated type of loan was Conventional, with 227 originations.

Loan Reason

Loan Reason	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Home Purchase	102	$10,150,000	$99,510	$0	0.00%
Cash Out Refi	52	$4,540,000	$87,308	$0	0.00%
Refi	45	$2,935,000	$65,222	$0	0.00%
Other	20	$770,000	$38,500	$0	0.00%
Home Improvement	8	$320,000	$40,000	$0	0.00%

For 2022, Community Partners Savings Bank's most frequently cited loan purpose was Home Purchase, with 102 originations. The 2nd most popular reason was Cash Out Refi, with 52 originations.

Loan Duration/Length

Loan Length	Originations	Total Value	Average Loan	Average Fees	Average Rate
Other	227	$18,715,000	$82,445	$0	0.00%

For 2022, Community Partners Savings Bank's most frequently cited loan duration was Other, with 227 originations.

Loan Sizing

Loan Size	Originations	Total Value	Average Loan	Average Fees	Average Rate
$100,000 or less	159	$7,965,000	$50,094	$0	0.00%
$100k-200k	57	$7,645,000	$134,123	$0	0.00%
$200k-400k	11	$3,105,000	$282,273	$0	0.00%

2022 saw Community Partners Savings Bank place emphasis on $100,000 or less loans with 159 originations, totaling $7,965,000 in origination value.

Applicant Income

Applicant Income	Originations	Total Value	Average Loan	Average Fees	Average Rate
$50k or less	61	$3,585,000	$58,770	$0	0.00%
$100k-150k	50	$5,570,000	$111,400	$0	0.00%
$50k-75k	46	$3,370,000	$73,261	$0	0.00%
$75k-100k	37	$3,315,000	$89,595	$0	0.00%
$150k-250k	11	$1,445,000	$131,364	$0	0.00%
$250k+	4	$190,000	$47,500	$0	0.00%

Community Partners Savings Bank lent most frequently to those with incomes in the $50k or less range, with 61 originations. The second most popular income band? $100k-150k, with 50 originations.

Applicant Debt to Income Ratio

DTI Ratio	Originations	Total Value	Average Loan	Average Fees	Average Rate
Exempt%	227	$18,715,000	$82,445	$0	0.00%

Community Partners Savings Bank lent most frequently to those with DTI ratios of Exempt%, with 227 originations.

Ethnicity Mix

Applicant Ethnicity	Originations	Total Value	Average Loan	Average Fees	Average Rate
White	200	$17,000,000	$85,000	$0	0.00%
Not applicable	16	$1,150,000	$71,875	$0	0.00%
Not provided	11	$565,000	$51,364	$0	0.00%

Approval Rates

Total approvals of all applications
87.65%

Community Partners Savings Bank has an average approval rate.

Pick Rate

Approvals leading to origination
76.21%

Community Partners Savings Bank has a below average pick rate.

Points and Fees

Points	Originations	Total Value	Average Loan
Exempt	227	$18,715,000	$82,445

Occupancy Type Mix

Dwelling Type	Originations	Total Value	Average Loan
	227	$18,715,000	$82,445

Complaints

Bank Name	Product	Issue	2022 CPFB Complaints	% of Total Issues
Community Loan Servicing, LLC (formerly known as Bayview Loan Servicing, LLC)	FHA mortgage	Struggling to pay mortgage	2	66.7%
Community Loan Servicing, LLC (formerly known as Bayview Loan Servicing, LLC)	Other type of mortgage	Trouble during payment process	1	33.3%