Charlotte State Bank & Trust Mortgage Rates, Fees & Info

Port Charlotte, FL

LEI: 549300L8L9JJ29KEYQ27

Tax ID: 59-2664950

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

Jump to:

Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • 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

    Charlotte State Bank & Trust is a smaller bank specializing in Home Purchase loans. Charlotte State Bank & Trust has a high proportion of conventional loans. Their top markets by origination volume include: Punta Gorda, Cape Coral, North Port, Arcadia, and Naples among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Charlotte State Bank & Trust 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.

    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.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.


    Originations

    76

    Origination Dollar Volume (All Markets)

    $23,140,000

    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
    PUNTA GORDA, FL (FHA|USDA|VA) 48 $14,490,000 $301,875 $0 0.00%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 7 $2,695,000 $385,000 $0 0.00%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 12 $2,490,000 $207,500 $0 0.00%
    Arcadia, FL (FHA|USDA|VA) 5 $2,365,000 $473,000 $0 0.00%
    NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 4 $1,100,000 $275,000 $0 0.00%
    Charlotte State Bank & Trust's top markets include Punta Gorda, Cape Coral, North Port, Arcadia, and Naples among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 76 $23,140,000 $304,474 $0 0.00%

    For 2019, Charlotte State Bank & Trust's most frequently originated type of loan was Conventional, with 76 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 63 $19,295,000 $306,270 $0 0.00%
    Refi 10 $3,390,000 $339,000 $0 0.00%
    Other 3 $455,000 $151,667 $0 0.00%

    For 2019, Charlotte State Bank & Trust's most frequently cited loan purpose was Home Purchase, with 63 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
    Other 76 $23,140,000 $304,474 $0 0.00%

    For 2019, Charlotte State Bank & Trust's most frequently cited loan duration was Other, with 76 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 33 $9,395,000 $284,697 $0 0.00%
    $100k-200k 17 $2,465,000 $145,000 $0 0.00%
    $400k-600k 11 $5,215,000 $474,091 $0 0.00%
    $100,000 or less 9 $665,000 $73,889 $0 0.00%
    $600k-1MM 4 $2,840,000 $710,000 $0 0.00%
    $1MM+ 2 $2,560,000 $1,280,000 $0 0.00%

    2019 saw Charlotte State Bank & Trust place emphasis on $200k-400k loans with 33 originations, totaling $9,395,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 18 $4,830,000 $268,333 $0 0.00%
    $150k-250k 16 $6,330,000 $395,625 $0 0.00%
    $50k-75k 11 $1,855,000 $168,636 $0 0.00%
    $250k+ 8 $3,220,000 $402,500 $0 0.00%
    $75k-100k 7 $1,455,000 $207,857 $0 0.00%
    $50k or less 6 $670,000 $111,667 $0 0.00%

    Charlotte State Bank & Trust lent most frequently to those with incomes in the $100k-150k range, with 18 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% 76 $23,140,000 $304,474 $0 0.00%

    Charlotte State Bank & Trust lent most frequently to those with DTI ratios of Exempt%, with 76 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 63 $18,905,000 $300,079 $0 0.00%
    Not applicable 9 $3,425,000 $380,556 $0 0.00%
    Black 2 $460,000 $230,000 $0 0.00%
    Not provided 2 $350,000 $175,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    92.31%

    Charlotte State Bank & Trust has an average approval rate.

    Pick Rate

    Approvals leading to origination
    89.47%

    Charlotte State Bank & Trust has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 76 $23,140,000 $304,474

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 2 $1,460,000 $730,000
    Single Family (1-4 Units):Site-Built 74 $21,680,000 $292,973

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    Over 100% 76 $23,140,000 $304,474 $0 0.00%