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, Ocala, Miami, and Punta Gorda among others. We have data for 15 markets. (Some data included below & more in-depth data is available with an active subscription.)Central Bank 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.
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Originations
48Origination Dollar Volume (All Markets)
$33,330,000Top 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) | 11 | $16,015,000 | $1,455,909 | $0 | 0.00% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 10 | $5,540,000 | $554,000 | $0 | 0.00% |
| OCALA, FL (FHA|USDA|VA) | 3 | $2,675,000 | $891,667 | $0 | 0.00% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 3 | $1,625,000 | $541,667 | $0 | 0.00% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 4 | $1,500,000 | $375,000 | $0 | 0.00% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 3 | $1,375,000 | $458,333 | $0 | 0.00% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 5 | $1,185,000 | $237,000 | $0 | 0.00% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 2 | $1,030,000 | $515,000 | $0 | 0.00% |
| Palatka, FL (FHA|USDA|VA) | 1 | $805,000 | $805,000 | $0 | 0.00% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $0 | 0.00% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $0 | 0.00% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $0 | 0.00% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $0 | 0.00% |
| TALLAHASSEE, FL (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 0.00% |
| GAINESVILLE, FL (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $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 | 48 | $33,330,000 | $694,375 | $0 | 0.00% |
For 2023, Central Bank's most frequently originated type of loan was Conventional, with 48 originations.
Loan Reason
For 2023, Central Bank's most frequently cited loan purpose was Home Purchase, with 44 originations. The 2nd most popular reason was Refi, with 2 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 48 | $33,330,000 | $694,375 | $0 | 0.00% |
For 2023, Central Bank's most frequently cited loan duration was Other, with 48 originations.
Loan Sizing
2023 saw Central Bank place emphasis on $200k-400k loans with 18 originations, totaling $5,120,000 in origination value.
Applicant Income
Central Bank lent most frequently to those with incomes in the $250k+ range, with 17 originations. The second most popular income band? $100k-150k, with 11 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 48 | $33,330,000 | $694,375 | $0 | 0.00% |
Central Bank lent most frequently to those with DTI ratios of Exempt%, with 48 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications91.95%
Central Bank has an average approval rate.
Pick Rate
Approvals leading to origination35.42%
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 | 48 | $33,330,000 | $694,375 |