Central Savings F.s.b. Mortgage Rates, Fees & Info
Chicago, ILLEI: 549300T3SYU6TOQN7174
Tax ID: 36-0881960
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Mortgage Data
Review & Overview
Central Savings F.s.b. is a smaller mortgage company specializing in Home Purchase and Refi loans. Central Savings F.s.b. has a high proportion of conventional loans. Their top (well, only) market is Chicago.Central Savings F.s.b. has an above average approval rate when compared to the average across all lenders.
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Originations
11Origination Dollar Volume (All Markets)
$3,365,000Top 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 |
---|---|---|---|---|---|
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 11 | $3,365,000 | $305,909 | $0 | 0.00% |
Product Mix
Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
---|---|---|---|---|---|
Conventional | 11 | $3,365,000 | $305,909 | $0 | 0.00% |
For 2018, Central Savings F.s.b.'s most frequently originated type of loan was Conventional, with 11 originations.
Loan Reason
Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
---|---|---|---|---|---|
Home Purchase | 6 | $1,800,000 | $300,000 | $0 | 0.00% |
Refi | 3 | $1,015,000 | $338,333 | $0 | 0.00% |
Home Improvement | 2 | $550,000 | $275,000 | $0 | 0.00% |
For 2018, Central Savings F.s.b.'s most frequently cited loan purpose was Home Purchase, with 6 originations. The 2nd most popular reason was Refi, with 3 originations.
Loan Duration/Length
Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
---|---|---|---|---|---|
Other | 11 | $3,365,000 | $305,909 | $0 | 0.00% |
For 2018, Central Savings F.s.b.'s most frequently cited loan duration was Other, with 11 originations.
Loan Sizing
Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
---|---|---|---|---|---|
$200k-400k | 8 | $2,490,000 | $311,250 | $0 | 0.00% |
$100k-200k | 2 | $290,000 | $145,000 | $0 | 0.00% |
$400k-600k | 1 | $585,000 | $585,000 | $0 | 0.00% |
2018 saw Central Savings F.s.b. place emphasis on $200k-400k loans with 8 originations, totaling $2,490,000 in origination value.
Applicant Income
Applicant Income | Originations | Total Value | Average Loan | Average Fees | Average Rate |
---|---|---|---|---|---|
$50k or less | 3 | $825,000 | $275,000 | $0 | 0.00% |
$75k-100k | 1 | $155,000 | $155,000 | $0 | 0.00% |
Central Savings F.s.b. lent most frequently to those with incomes in the $50k or less range, with 3 originations. The second most popular income band? $75k-100k, with 1 originations.
Applicant Debt to Income Ratio
DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
---|---|---|---|---|---|
Exempt% | 11 | $3,365,000 | $305,909 | $0 | 0.00% |
Central Savings F.s.b. lent most frequently to those with DTI ratios of Exempt%, with 11 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications100.00%
Central Savings F.s.b. has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to originationPoints and Fees
Points | Originations | Total Value | Average Loan |
---|---|---|---|
Exempt | 11 | $3,365,000 | $305,909 |
Occupancy Type Mix
Dwelling Type | Originations | Total Value | Average Loan |
---|---|---|---|
Multifamily:Site-Built | 3 | $1,165,000 | $388,333 |
Single Family (1-4 Units):Site-Built | 8 | $2,200,000 | $275,000 |
Complaints
Bank Name | Product | Issue | 2018 CPFB Complaints | % of Total Issues |
---|---|---|---|---|
CENTRAL BANC MORTGAGE CORPORATION | Other type of mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 100.0% |