Community State Bank Mortgage Rates, Fees & Info

Ankeny, IA

LEI: 549300JVXDPLF4P32H95

Tax ID: 42-0839178

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

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Community State Bank is a smaller bank specializing in Home Purchase and Refi loans. Community State Bank has a high proportion of conventional loans. Their top two markets are Des Moines and Ames .

    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

    116

    Origination Dollar Volume (All Markets)

    $31,410,000

    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
    DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) 112 $30,650,000 $273,661 $0 0.00%
    AMES, IA (FHA|USDA|VA) 2 $630,000 $315,000 $0 0.00%
    Outside of Metro Areas 2 $130,000 $65,000 $0 0.00%
    Community State Bank's top markets include Des Moines and Ames among others.

    Their top states include:
  • Iowa (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 116 $31,410,000 $270,776 $0 0.00%

    For 2022, Community State Bank's most frequently originated type of loan was Conventional, with 116 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 62 $15,730,000 $253,710 $0 0.00%
    Refi 19 $12,955,000 $681,842 $0 0.00%
    Home Improvement 18 $1,160,000 $64,444 $0 0.00%
    Other 12 $750,000 $62,500 $0 0.00%
    Cash Out Refi 5 $815,000 $163,000 $0 0.00%

    For 2022, Community State Bank's most frequently cited loan purpose was Home Purchase, with 62 originations. The 2nd most popular reason was Refi, with 19 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 116 $31,410,000 $270,776 $0 0.00%

    For 2022, Community State Bank's most frequently cited loan duration was Other, with 116 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 44 $2,200,000 $50,000 $0 0.00%
    $200k-400k 39 $11,185,000 $286,795 $0 0.00%
    $100k-200k 27 $3,925,000 $145,370 $0 0.00%
    $400k-600k 3 $1,395,000 $465,000 $0 0.00%
    $1MM+ 2 $12,060,000 $6,030,000 $0 0.00%
    $600k-1MM 1 $645,000 $645,000 $0 0.00%

    2022 saw Community State Bank place emphasis on $100,000 or less loans with 44 originations, totaling $2,200,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 13 $835,000 $64,231 $0 0.00%
    $75k-100k 13 $1,105,000 $85,000 $0 0.00%
    $100k-150k 12 $1,490,000 $124,167 $0 0.00%
    $50k or less 12 $1,260,000 $105,000 $0 0.00%
    $250k+ 7 $1,775,000 $253,571 $0 0.00%
    $150k-250k 6 $1,150,000 $191,667 $0 0.00%

    Community State Bank lent most frequently to those with incomes in the $50k-75k range, with 13 originations. The second most popular income band? $75k-100k, with 13 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 116 $31,410,000 $270,776 $0 0.00%

    Community State Bank lent most frequently to those with DTI ratios of Exempt%, with 116 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 45 $22,505,000 $500,111 $0 0.00%
    White 63 $7,845,000 $124,524 $0 0.00%
    Asian 4 $630,000 $157,500 $0 0.00%
    Not provided 3 $285,000 $95,000 $0 0.00%
    Black 1 $145,000 $145,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    90.86%

    Community State Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    75.00%

    Community State Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 116 $31,410,000 $270,776

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    116 $31,410,000 $270,776

    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%