Charter Bank Mortgage Rates, Fees & Info
Pascagoula, MSLEI: 549300U4QV4Y11A08O63
Tax ID: 26-1658489
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Mortgage Data
Review & Overview
Charter Bank is a smaller bank specializing in Home Purchase and Refi loans. Charter Bank has a high proportion of conventional loans. Their top markets by origination volume include: Gulfport, Jackson, Pensacola, Laurel, and Columbus among others. We have data for 10 markets. (Some data included below & more in-depth data is available with an active subscription.)Charter Bank has an average approval rate when compared to the average across all lenders. They have an average pick rate when compared to similar lenders.
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Originations
81Origination Dollar Volume (All Markets)
$10,995,000Top 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 |
|---|---|---|---|---|---|
| GULFPORT-BILOXI, MS (FHA|USDA|VA) | 68 | $8,560,000 | $125,882 | $0 | 0.00% |
| JACKSON, MS (FHA|USDA|VA) | 2 | $820,000 | $410,000 | $0 | 0.00% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 1 | $515,000 | $515,000 | $0 | 0.00% |
| Laurel, MS (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $0 | 0.00% |
| Columbus, MS (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $0 | 0.00% |
| Oxford, MS (FHA|USDA|VA) | 2 | $220,000 | $110,000 | $0 | 0.00% |
| MOBILE, AL (FHA|USDA|VA) | 2 | $150,000 | $75,000 | $0 | 0.00% |
| Outside of Metro Areas | 2 | $140,000 | $70,000 | $0 | 0.00% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 0.00% |
| HATTIESBURG, MS (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 81 | $10,995,000 | $135,741 | $0 | 0.00% |
For 2018, Charter Bank's most frequently originated type of loan was Conventional, with 81 originations.
Loan Reason
For 2018, Charter Bank's most frequently cited loan purpose was Home Purchase, with 41 originations. The 2nd most popular reason was Refi, with 24 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 81 | $10,995,000 | $135,741 | $0 | 0.00% |
For 2018, Charter Bank's most frequently cited loan duration was Other, with 81 originations.
Loan Sizing
2018 saw Charter Bank place emphasis on $100,000 or less loans with 42 originations, totaling $2,290,000 in origination value.
Applicant Income
Charter Bank lent most frequently to those with incomes in the $150k-250k range, with 15 originations. The second most popular income band? $100k-150k, with 12 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications88.12%
Charter Bank has an average approval rate.
Pick Rate
Approvals leading to origination90.12%
Charter Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 81 | $10,995,000 | $135,741 |