Centerbank Mortgage Rates, Fees & Info
Milford, OHLEI: 549300JICBJ5KEDP3217
Tax ID: 31-1657741
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Centerbank is a smaller bank specializing in Home Purchase loans. Centerbank has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: Cincinnati, Dayton, Hilton Head Island, Miami, and Chicago among others. We have data for 15 markets. (Some data included below & more in-depth data is available with an active subscription.)Centerbank 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
182Origination Dollar Volume (All Markets)
$58,110,000Top 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 |
|---|---|---|---|---|---|
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 163 | $50,965,000 | $312,669 | $0 | 0.00% |
| DAYTON-KETTERING, OH (FHA|USDA|VA) | 4 | $990,000 | $247,500 | $0 | 0.00% |
| Outside of Metro Areas | 2 | $940,000 | $470,000 | $0 | 0.00% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 1 | $775,000 | $775,000 | $0 | 0.00% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 1 | $645,000 | $645,000 | $0 | 0.00% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 1 | $625,000 | $625,000 | $0 | 0.00% |
| COLUMBUS, OH (FHA|USDA|VA) | 1 | $565,000 | $565,000 | $0 | 0.00% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 2 | $560,000 | $280,000 | $0 | 0.00% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 1 | $535,000 | $535,000 | $0 | 0.00% |
| SALT LAKE CITY, UT (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $0 | 0.00% |
| Fallon, NV (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $0 | 0.00% |
| Celina, OH (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $0 | 0.00% |
| MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 0.00% |
| LEXINGTON-FAYETTE, KY (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 0.00% |
| Bucyrus-Galion, OH (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 | 171 | $55,175,000 | $322,661 | $0 | 0.00% |
| FHA | 6 | $1,380,000 | $230,000 | $0 | 0.00% |
| VA | 5 | $1,555,000 | $311,000 | $0 | 0.00% |
For 2022, Centerbank's most frequently originated type of loan was Conventional, with 171 originations. Their 2nd most popular type was FHA, with 6 originations.
Loan Reason
For 2022, Centerbank's most frequently cited loan purpose was Home Purchase, with 129 originations. The 2nd most popular reason was Cash Out Refi, with 29 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 182 | $58,110,000 | $319,286 | $0 | 0.00% |
For 2022, Centerbank's most frequently cited loan duration was Other, with 182 originations.
Loan Sizing
2022 saw Centerbank place emphasis on $200k-400k loans with 91 originations, totaling $26,135,000 in origination value.
Applicant Income
Centerbank lent most frequently to those with incomes in the $100k-150k range, with 50 originations. The second most popular income band? $50k-75k, with 34 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 182 | $58,110,000 | $319,286 | $0 | 0.00% |
Centerbank lent most frequently to those with DTI ratios of Exempt%, with 182 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications94.17%
Centerbank has an average approval rate.
Pick Rate
Approvals leading to origination85.71%
Centerbank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 182 | $58,110,000 | $319,286 |