Cypress Bank Ssb Mortgage Rates, Fees & Info
Pittsburg, TXLEI: 549300I4IUWMEMGLST06
Tax ID: 75-6233226
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Cypress Bank Ssb is a smaller bank specializing in Home Purchase and Refi loans. Cypress Bank Ssb has a high proportion of conventional loans. Their top markets by origination volume include: Mount Pleasant, Dallas, Longview, and Palestine among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)Cypress Bank Ssb 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
70Origination Dollar Volume (All Markets)
$14,130,000Top 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 |
|---|---|---|---|---|---|
| Mount Pleasant, TX (FHA|USDA|VA) | 44 | $7,750,000 | $176,136 | $0 | 0.00% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 10 | $2,670,000 | $267,000 | $0 | 0.00% |
| Outside of Metro Areas | 12 | $1,920,000 | $160,000 | $0 | 0.00% |
| LONGVIEW, TX (FHA|USDA|VA) | 3 | $1,695,000 | $565,000 | $0 | 0.00% |
| Palestine, TX (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 70 | $14,130,000 | $201,857 | $0 | 0.00% |
For 2023, Cypress Bank Ssb's most frequently originated type of loan was Conventional, with 70 originations.
Loan Reason
For 2023, Cypress Bank Ssb's most frequently cited loan purpose was Home Purchase, with 42 originations. The 2nd most popular reason was Refi, with 17 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 70 | $14,130,000 | $201,857 | $0 | 0.00% |
For 2023, Cypress Bank Ssb's most frequently cited loan duration was Other, with 70 originations.
Loan Sizing
2023 saw Cypress Bank Ssb place emphasis on $100,000 or less loans with 30 originations, totaling $1,930,000 in origination value.
Applicant Income
Cypress Bank Ssb lent most frequently to those with incomes in the $150k-250k range, with 13 originations. The second most popular income band? $50k-75k, with 12 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 70 | $14,130,000 | $201,857 | $0 | 0.00% |
Cypress Bank Ssb lent most frequently to those with DTI ratios of Exempt%, with 70 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications78.23%
Cypress Bank Ssb has a below average approval rate.
Pick Rate
Approvals leading to origination62.86%
Cypress Bank Ssb has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 70 | $14,130,000 | $201,857 |