Centric Bank Mortgage Rates, Fees & Info
Harrisburg, PALEI: 549300INPBRHB0MQ7S63
Tax ID: 23-0510610
Latest/2022 | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Centric Bank is a smaller bank specializing in Home Purchase and Refi loans. Centric Bank has a high proportion of conventional loans. Their top markets by origination volume include: Harrisburg, Philadelphia, Lancaster, New York, and York among others. We have data for 14 markets. (Some data included below & more in-depth data is available with an active subscription.)Centric Bank has an above 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
122Origination Dollar Volume (All Markets)
$69,910,000Top 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 |
|---|---|---|---|---|---|
| HARRISBURG-CARLISLE, PA (FHA|USDA|VA) | 65 | $24,775,000 | $381,154 | $0 | 0.00% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 21 | $24,665,000 | $1,174,524 | $0 | 0.00% |
| LANCASTER, PA (FHA|USDA|VA) | 14 | $9,590,000 | $685,000 | $0 | 0.00% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 3 | $5,155,000 | $1,718,333 | $0 | 0.00% |
| YORK-HANOVER, PA (FHA|USDA|VA) | 10 | $2,510,000 | $251,000 | $0 | 0.00% |
| OCEAN CITY, NJ (FHA|USDA|VA) | 1 | $1,905,000 | $1,905,000 | $0 | 0.00% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 1 | $435,000 | $435,000 | $0 | 0.00% |
| LEBANON, PA (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 0.00% |
| GETTYSBURG, PA (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 0.00% |
| Huntingdon, PA (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 0.00% |
| CHAMBERSBURG-WAYNESBORO, PA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 0.00% |
| Outside of Metro Areas | 1 | $115,000 | $115,000 | $0 | 0.00% |
| ALTOONA, PA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 0.00% |
| PITTSBURGH, PA (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 0.00% |
Their top states include:
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 122 | $69,910,000 | $573,033 | $0 | 0.00% |
For 2022, Centric Bank's most frequently originated type of loan was Conventional, with 122 originations.
Loan Reason
For 2022, Centric Bank's most frequently cited loan purpose was Home Purchase, with 69 originations. The 2nd most popular reason was Refi, with 25 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 122 | $69,910,000 | $573,033 | $0 | 0.00% |
For 2022, Centric Bank's most frequently cited loan duration was Other, with 122 originations.
Loan Sizing
2022 saw Centric Bank place emphasis on $200k-400k loans with 35 originations, totaling $10,155,000 in origination value.
Applicant Income
Centric Bank lent most frequently to those with incomes in the $100k-150k range, with 20 originations. The second most popular income band? $150k-250k, with 16 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 122 | $69,910,000 | $573,033 | $0 | 0.00% |
Centric Bank lent most frequently to those with DTI ratios of Exempt%, with 122 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications91.45%
Centric Bank has an average approval rate.
Pick Rate
Approvals leading to origination86.07%
Centric Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 122 | $69,910,000 | $573,033 |