Center City Mortgage And Investments Rates, Fees & Info
NEW PHILADELPHIA, PALEI: 549300QXJAPKTQHC4S45
Tax ID: 83-1560419
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage Data
Review & Overview
Center City Mortgage And Investments is a smaller mortgage company specializing in Home Purchase and Refi loans. Center City Mortgage And Investments has a high proportion of conventional loans. Their top markets by origination volume include: Philadelphia, New York, Atlantic City, Allentown, and Reading among others. We have data for 9 markets. (Some data included below & more in-depth data is available with an active subscription.)Center City Mortgage And Investments 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. Center City Mortgage And Investments 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 about average 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.
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.
SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.63% | 4/21/24 |
| 30 Year Conventional Refi | 6.47% | 4/21/24 |
| 30 Year Cash-out Refi | 6.76% | 4/21/24 |
| 30 Year FHA Purchase | 7.02% | 4/21/24 |
| 30 Year FHA Refi | 6.27% | 4/21/24 |
| 15 Year Conventional Purchase | 6.01% | 4/21/24 |
| These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates. | ||
Center City Mortgage And Investments Mortgage Calculator
Your Estimates
Estimated Loan Payment: Update the calculator values and click calculate payment!
This is not an official calculator from Center City Mortgage And Investments. It uses our SimulatedRate™
technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.
The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
389Origination Dollar Volume (All Markets)
$114,055,000Top 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 |
|---|---|---|---|---|---|
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 366 | $108,380,000 | $296,120 | $4,645 | 3.24% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 5 | $1,635,000 | $327,000 | $3,613 | 3.25% |
| ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) | 6 | $1,630,000 | $271,667 | $3,412 | 3.23% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 4 | $740,000 | $185,000 | $4,331 | 3.28% |
| READING, PA (FHA|USDA|VA) | 1 | $515,000 | $515,000 | $5,706 | 2.99% |
| OCEAN CITY, NJ (FHA|USDA|VA) | 3 | $485,000 | $161,667 | $4,133 | 3.25% |
| Outside of Metro Areas | 2 | $270,000 | $135,000 | $3,477 | 3.12% |
| LANCASTER, PA (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $3,475 | 2.88% |
| VINELAND-BRIDGETON, NJ (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $3,249 | 3.25% |
Their top states include:
Similar Lenders
We use machine learning to identify the top lenders compared against Center City Mortgage and Investments based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
Similarity Rank: 589
Similarity Rank: 625
Similarity Rank: 640
Similarity Rank: 1258
Similarity Rank: 1340
Similarity Rank: 1585
Similarity Rank: 1932
Similarity Rank: 1950
Similarity Rank: 1971
Similarity Rank: 1978
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 389 | $114,055,000 | $293,201 | $4,595 | 3.23% |
For 2020, Center City Mortgage And Investments's most frequently originated type of loan was Conventional, with 389 originations.
Loan Reason
For 2020, Center City Mortgage And Investments's most frequently cited loan purpose was Home Purchase, with 231 originations. The 2nd most popular reason was Refi, with 101 originations.
Loan Duration/Length
For 2020, Center City Mortgage And Investments's most frequently cited loan duration was 30 Year, with 340 originations. The 2nd most popular length was 15 Year, with 32 originations.
Origination Fees/Closing Costs
Center City Mortgage And Investments's average total fees were $4,631, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 288 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 198 | $59,780,000 | $301,919 |
| 2.5-3% | 168 | $49,280,000 | $293,333 |
| 4-5% | 21 | $4,055,000 | $193,095 |
| <2.5% | 2 | $940,000 | $470,000 |
During 2020, Center City Mortgage And Investments's average interest rate for loans was 3.27%, while their most frequently originated rate bucket for loans was 3-4%, with 198 originations.
Loan Sizing
2020 saw Center City Mortgage And Investments place emphasis on $200k-400k loans with 198 originations, totaling $56,560,000 in origination value.
Applicant Income
Center City Mortgage And Investments lent most frequently to those with incomes in the $100k-150k range, with 109 originations. The second most popular income band? $150k-250k, with 94 originations.
Applicant Debt to Income Ratio
Center City Mortgage And Investments lent most frequently to those with DTI ratios of 20-30%, with 135 originations. The next most common DTI ratio? 30-36%, with 67 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications97.07%
Center City Mortgage And Investments has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination46.53%
Center City Mortgage And Investments has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 389 | $114,055,000 | $293,201 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Site-Built | 389 | $114,055,000 | $293,201 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2020 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| CONTOUR MORTGAGE CORPORATION | Conventional home mortgage | Struggling to pay mortgage | 1 | 20.0% |
| CONTOUR MORTGAGE CORPORATION | Conventional home mortgage | Trouble during payment process | 1 | 20.0% |
| CONTOUR MORTGAGE CORPORATION | Other type of mortgage | Closing on a mortgage | 1 | 20.0% |
| CONTOUR MORTGAGE CORPORATION | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 20.0% |
| CONTOUR MORTGAGE CORPORATION | Conventional home mortgage | Closing on a mortgage | 1 | 20.0% |