Central Savings F.s.b. Mortgage Rates, Fees & Info

Chicago, IL

LEI: 549300T3SYU6TOQN7174

Tax ID: 36-0881960

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
  • Complaints
  • 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

    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. 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

    17

    Origination Dollar Volume (All Markets)

    $8,055,000

    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
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 17 $8,055,000 $473,824 $0 0.00%
    Central Savings F.s.b.'s top markets include and Chicago among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 17 $8,055,000 $473,824 $0 0.00%

    For 2019, Central Savings F.s.b.'s most frequently originated type of loan was Conventional, with 17 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 10 $3,720,000 $372,000 $0 0.00%
    Refi 6 $4,210,000 $701,667 $0 0.00%
    Home Improvement 1 $125,000 $125,000 $0 0.00%

    For 2019, Central Savings F.s.b.'s most frequently cited loan purpose was Home Purchase, with 10 originations. The 2nd most popular reason was Refi, with 6 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 17 $8,055,000 $473,824 $0 0.00%

    For 2019, Central Savings F.s.b.'s most frequently cited loan duration was Other, with 17 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $400k-600k 7 $3,365,000 $480,714 $0 0.00%
    $200k-400k 5 $1,605,000 $321,000 $0 0.00%
    $100k-200k 3 $425,000 $141,667 $0 0.00%
    $1MM+ 2 $2,660,000 $1,330,000 $0 0.00%

    2019 saw Central Savings F.s.b. place emphasis on $400k-600k loans with 7 originations, totaling $3,365,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 7 $2,275,000 $325,000 $0 0.00%
    $50k-75k 1 $125,000 $125,000 $0 0.00%

    Central Savings F.s.b. lent most frequently to those with incomes in the $50k or less range, with 7 originations. The second most popular income band? $50k-75k, with 1 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 17 $8,055,000 $473,824 $0 0.00%

    Central Savings F.s.b. lent most frequently to those with DTI ratios of Exempt%, with 17 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 9 $5,655,000 $628,333 $0 0.00%
    Asian 4 $1,300,000 $325,000 $0 0.00%
    White 4 $1,100,000 $275,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    95.24%

    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 origination
    82.35%

    Central Savings F.s.b. has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 17 $8,055,000 $473,824

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 4 $3,510,000 $877,500
    Single Family (1-4 Units):Site-Built 13 $4,545,000 $349,615

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    CENTERSTATE BANK CORPORATION Conventional home mortgage Trouble during payment process 1 50.0%
    CENTERSTATE BANK CORPORATION VA mortgage Applying for a mortgage or refinancing an existing mortgage 1 50.0%