Castroville State Bank Mortgage Rates, Fees & Info
Castroville, TXLEI: 549300RQGV5F7NXZZ089
Tax ID: 74-1327787
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Castroville State Bank is a smaller bank specializing in Home Purchase loans. Castroville State Bank has a high proportion of conventional loans. Castroville State Bank has a low ratio of conventional loans. Their top markets by origination volume include: San Antonio, Brownsville, and Austin among others. We have data for 3 markets. (Some data included below & more in-depth data is available with an active subscription.)Castroville State Bank has an average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders.
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Originations
68Origination Dollar Volume (All Markets)
$13,310,000Top 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 |
|---|---|---|---|---|---|
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 66 | $12,910,000 | $195,606 | $2,684 | 5.50% |
| BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $0 | 0.00% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 67 | $13,225,000 | $197,388 | $0 | 0.00% |
| Conventional | 1 | $85,000 | $85,000 | $2,684 | 5.50% |
For 2018, Castroville State Bank's most frequently originated type of loan was Conventional, with 67 originations. Their 2nd most popular type was Conventional, with 1 originations.
Loan Reason
For 2018, Castroville State Bank's most frequently cited loan purpose was Home Purchase, with 43 originations. The 2nd most popular reason was Cash Out Refi, with 9 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 68 | $13,310,000 | $195,735 | $2,684 | 5.50% |
For 2018, Castroville State Bank's most frequently cited loan duration was Other, with 68 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 1 | $85,000 | $85,000 |
Castroville State Bank's average total fees were $0, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 1 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 5-6% | 1 | $85,000 | $85,000 |
During 2018, Castroville State Bank's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 5-6%, with 1 originations.
Loan Sizing
2018 saw Castroville State Bank place emphasis on $100k-200k loans with 25 originations, totaling $3,495,000 in origination value.
Applicant Income
Castroville State Bank lent most frequently to those with incomes in the $100k-150k range, with 13 originations. The second most popular income band? $50k-75k, with 12 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 67 | $13,225,000 | $197,388 | $0 | 0.00% |
| 30-36% | 1 | $85,000 | $85,000 | $2,684 | 5.50% |
Castroville State Bank lent most frequently to those with DTI ratios of Exempt%, with 67 originations. The next most common DTI ratio? 30-36%, with 1 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications88.75%
Castroville State Bank has an average approval rate.
Pick Rate
Approvals leading to origination95.59%
Castroville 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 |
|---|---|---|---|
| Exempt | 67 | $13,225,000 | $197,388 |
| NA | 1 | $85,000 | $85,000 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 15 | $1,565,000 | $104,333 |
| Single Family (1-4 Units):Site-Built | 53 | $11,745,000 | $221,604 |
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 40-60% | 1 | $85,000 | $85,000 | $2,684 | 5.50% |
Complaints
| Bank Name | Product | Issue | 2018 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| CIS DIRECT LENDING | FHA mortgage | Trouble during payment process | 1 | 33.3% |
| CIS DIRECT LENDING | Other type of mortgage | Struggling to pay mortgage | 2 | 66.7% |