Community State Bank Mortgage Rates, Fees & Info

Brook, IN

LEI: 549300K6I4IZA57BON59

Tax ID: 35-0242160

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
  • Similar Lenders
  • 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 markets by origination volume include: Chicago, Lafayette, and Indianapolis 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 an above average pick rate when compared to similar lenders. Community State Bank is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have relatively high rates.

    We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

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    Originations

    52

    Origination Dollar Volume (All Markets)

    $5,650,000

    Awards

    Community State Bank 30 Year Conventional Loans gold Community State Bank 30 Year Conventional Loans gold
    Show all (2) awards

    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
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 48 $5,310,000 $110,625 $1,028 5.52%
    Outside of Metro Areas 2 $140,000 $70,000 $0 5.50%
    LAFAYETTE-WEST LAFAYETTE, IN (FHA|USDA|VA) 1 $115,000 $115,000 $1,146 5.50%
    INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 1 $85,000 $85,000 $1,919 5.75%
    Community State Bank's top markets include Chicago, Lafayette, and Indianapolis among others.

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

    • Similar Lenders

    We use machine learning to identify the top lenders compared against Community State Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    UNITED
    Similarity Rank: 28
    Liberty Bank for Savings
    Similarity Rank: 104
    PACIFIC GLOBAL BANK
    Similarity Rank: 408
    The Equitable Bank, S.S.B.
    Similarity Rank: 533
    TECH Credit Union
    Similarity Rank: 759
    DuPage Credit Union
    Similarity Rank: 852
    First Financial Credit Union
    Similarity Rank: 870
    Third Federal Savings and Loan Association of Cleveland
    Similarity Rank: 921
    Community State Bank
    Similarity Rank: 1032
    Landmark Credit Union
    Similarity Rank: 1056

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 52 $5,650,000 $108,654 $1,056 5.52%

    For 2018, Community State Bank's most frequently originated type of loan was Conventional, with 52 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 32 $3,410,000 $106,563 $1,118 5.52%
    Refi 10 $1,370,000 $137,000 $1,106 5.55%
    Cash Out Refi 8 $820,000 $102,500 $734 5.53%
    Home Improvement 1 $5,000 $5,000 $0 5.50%
    Other 1 $45,000 $45,000 $929 5.50%

    For 2018, Community State Bank's most frequently cited loan purpose was Home Purchase, with 32 originations. The 2nd most popular reason was Refi, with 10 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 27 $3,875,000 $143,519 $1,080 5.52%
    20 Year 12 $830,000 $69,167 $943 5.54%
    Other 7 $645,000 $92,143 $1,209 5.50%
    15 Year 5 $275,000 $55,000 $1,103 5.50%
    10 Year 1 $25,000 $25,000 $599 5.75%

    For 2018, Community State Bank's most frequently cited loan duration was 30 Year, with 27 originations. The 2nd most popular length was 20 Year, with 12 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 39 $4,115,000 $105,513

    Community State Bank's average total fees were $1,080, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 39 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 52 $5,650,000 $108,654

    During 2018, Community State Bank's average interest rate for loans was 5.52%, while their most frequently originated rate bucket for loans was 5-6%, with 52 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 35 $1,965,000 $56,143 $992 5.53%
    $100k-200k 9 $1,155,000 $128,333 $1,260 5.50%
    $200k-400k 6 $1,560,000 $260,000 $1,218 5.54%
    $400k-600k 2 $970,000 $485,000 $500 5.50%

    2018 saw Community State Bank place emphasis on $100,000 or less loans with 35 originations, totaling $1,965,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 20 $1,590,000 $79,500 $1,024 5.50%
    $50k or less 12 $550,000 $45,833 $1,162 5.58%
    $100k-150k 8 $990,000 $123,750 $1,010 5.50%
    $150k-250k 5 $1,435,000 $287,000 $1,156 5.55%
    $75k-100k 4 $310,000 $77,500 $836 5.50%

    Community State Bank lent most frequently to those with incomes in the $50k-75k range, with 20 originations. The second most popular income band? $50k or less, with 12 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 22 $2,220,000 $100,909 $1,101 5.51%
    30-36% 14 $1,660,000 $118,571 $1,056 5.50%
    <20% 8 $740,000 $92,500 $1,010 5.59%
    40% 1 $45,000 $45,000 $1,039 5.75%
    42% 1 $85,000 $85,000 $0 5.50%
    44% 1 $15,000 $15,000 $0 5.50%
    37% 1 $65,000 $65,000 $575 5.50%
    38% 1 $45,000 $45,000 $1,089 5.50%

    Community State Bank lent most frequently to those with DTI ratios of 20-30%, with 22 originations. The next most common DTI ratio? 30-36%, with 14 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 47 $4,815,000 $102,447 $1,060 5.53%
    Not applicable 3 $705,000 $235,000 $0 5.50%
    Black 1 $85,000 $85,000 $0 5.50%
    Native Hawaiian or Islander 1 $45,000 $45,000 $929 5.50%

    Approval Rates

    Total approvals of all applications
    91.53%

    Community State Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    96.15%

    Community State Bank has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 52 $5,650,000 $108,654

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Manufactured 1 $55,000 $55,000
    Multifamily:Site-Built 3 $275,000 $91,667
    Single Family (1-4 Units):Manufactured 1 $55,000 $55,000
    Single Family (1-4 Units):Site-Built 47 $5,265,000 $112,021

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 4 $290,000 $72,500 $475 5.56%
    40-60% 7 $935,000 $133,571 $1,141 5.57%
    60-80% 16 $1,870,000 $116,875 $1,263 5.52%
    80-100% 20 $2,410,000 $120,500 $973 5.50%
    Under 20% 5 $145,000 $29,000 $575 5.55%

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    Community Lending of America, Inc. VA mortgage Closing on a mortgage 1 100.0%