Central Bank Mortgage Rates, Fees & Info
TAMPA, FLLEI: 549300XF8276TFB0V157
Tax ID: 20-5909064
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Mortgage Data
Review & Overview
Central Bank is a smaller bank specializing in Home Purchase loans. Central Bank has a high proportion of conventional loans. Their top markets by origination volume include: Orlando, Tampa, Punta Gorda, Cape Coral, and Jacksonville among others. We have data for 10 markets. (Some data included below & more in-depth data is available with an active subscription.)Central Bank has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.
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Originations
37Origination Dollar Volume (All Markets)
$20,175,000Top 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 |
|---|---|---|---|---|---|
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 7 | $6,565,000 | $937,857 | $0 | 0.00% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 9 | $6,375,000 | $708,333 | $0 | 0.00% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 5 | $1,605,000 | $321,000 | $0 | 0.00% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 7 | $1,595,000 | $227,857 | $0 | 0.00% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 3 | $975,000 | $325,000 | $0 | 0.00% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 1 | $905,000 | $905,000 | $0 | 0.00% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 1 | $755,000 | $755,000 | $0 | 0.00% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 2 | $740,000 | $370,000 | $0 | 0.00% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $0 | 0.00% |
| OCALA, FL (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 0.00% |
Similar Lenders
We use machine learning to identify the top lenders compared against Central Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 37 | $20,175,000 | $545,270 | $0 | 0.00% |
For 2024, Central Bank's most frequently originated type of loan was Conventional, with 37 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 32 | $17,810,000 | $556,563 | $0 | 0.00% |
| Refi | 4 | $1,910,000 | $477,500 | $0 | 0.00% |
| Other | 1 | $455,000 | $455,000 | $0 | 0.00% |
For 2024, Central Bank's most frequently cited loan purpose was Home Purchase, with 32 originations. The 2nd most popular reason was Refi, with 4 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 37 | $20,175,000 | $545,270 | $0 | 0.00% |
For 2024, Central Bank's most frequently cited loan duration was Other, with 37 originations.
Loan Sizing
2024 saw Central Bank place emphasis on $200k-400k loans with 16 originations, totaling $5,100,000 in origination value.
Applicant Income
Central Bank lent most frequently to those with incomes in the $250k+ range, with 15 originations. The second most popular income band? $100k-150k, with 10 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 37 | $20,175,000 | $545,270 | $0 | 0.00% |
Central Bank lent most frequently to those with DTI ratios of Exempt%, with 37 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications84.62%
Central Bank has a below average approval rate.
Pick Rate
Approvals leading to origination21.62%
Central Bank 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 |
|---|---|---|---|
| Exempt | 37 | $20,175,000 | $545,270 |