Community State Bank Mortgage Rates, Fees & Info
Ankeny, IALEI: 549300JVXDPLF4P32H95
Tax ID: 42-0839178
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Community State Bank is a smaller bank specializing in Home Purchase loans. Community State Bank has a high proportion of conventional loans. Their top markets by origination volume include: Des Moines, Ames, and Cedar Rapids among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)Community State 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
177Origination Dollar Volume (All Markets)
$57,115,000Top 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 |
|---|---|---|---|---|---|
| DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) | 168 | $55,320,000 | $329,286 | $0 | 0.00% |
| AMES, IA (FHA|USDA|VA) | 7 | $1,575,000 | $225,000 | $0 | 0.00% |
| Outside of Metro Areas | 1 | $155,000 | $155,000 | $0 | 0.00% |
| CEDAR RAPIDS, IA (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 177 | $57,115,000 | $322,684 | $0 | 0.00% |
For 2023, Community State Bank's most frequently originated type of loan was Conventional, with 177 originations.
Loan Reason
For 2023, Community State Bank's most frequently cited loan purpose was Home Purchase, with 115 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 | 177 | $57,115,000 | $322,684 | $0 | 0.00% |
For 2023, Community State Bank's most frequently cited loan duration was Other, with 177 originations.
Loan Sizing
2023 saw Community State Bank place emphasis on $200k-400k loans with 70 originations, totaling $21,420,000 in origination value.
Applicant Income
Community State Bank lent most frequently to those with incomes in the $50k-75k range, with 15 originations. The second most popular income band? $100k-150k, with 13 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 177 | $57,115,000 | $322,684 | $0 | 0.00% |
Community State Bank lent most frequently to those with DTI ratios of Exempt%, with 177 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications91.67%
Community State Bank has an average approval rate.
Pick Rate
Approvals leading to origination89.27%
Community State Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 177 | $57,115,000 | $322,684 |