Central Bank Mortgage Rates, Fees & Info

TAMPA, FL

LEI: 549300XF8276TFB0V157

Tax ID: 20-5909064

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
  • Similar Lenders
  • 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 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: Tampa, Orlando, Jacksonville, Punta Gorda, and North Port among others. We have data for 9 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.

    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

    60

    Origination Dollar Volume (All Markets)

    $22,940,000

    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
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 18 $7,350,000 $408,333 $0 0.00%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 13 $5,935,000 $456,538 $0 0.00%
    JACKSONVILLE, FL (FHA|USDA|VA) 10 $3,910,000 $391,000 $0 0.00%
    PUNTA GORDA, FL (FHA|USDA|VA) 9 $1,755,000 $195,000 $0 0.00%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 2 $1,580,000 $790,000 $0 0.00%
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 3 $1,025,000 $341,667 $0 0.00%
    Palatka, FL (FHA|USDA|VA) 2 $540,000 $270,000 $0 0.00%
    HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 2 $490,000 $245,000 $0 0.00%
    PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 1 $355,000 $355,000 $0 0.00%
    Central Bank's top markets include Tampa, Orlando, Jacksonville, Punta Gorda, and North Port among others.

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

    • 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.

    TrustCo Bank
    Similarity Rank: 624
    Suncoast Credit Union
    Similarity Rank: 874
    RAILROAD & INDUSTRIAL
    Similarity Rank: 1056
    SAN ANTONIO CITIZENS
    Similarity Rank: 1105
    Brannen Bank
    Similarity Rank: 1265
    FAIRWINDS CREDIT UNION
    Similarity Rank: 1281
    FIDELITY FUNDING MORTGAGE CORP.
    Similarity Rank: 2460
    PREFERRED LENDING SERVICES, LLC
    Similarity Rank: 2568
    ACHIEVA CREDIT UNION
    Similarity Rank: 2784
    RBC Bank, (Georgia)
    Similarity Rank: 2983

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 60 $22,940,000 $382,333 $0 0.00%

    For 2019, Central Bank's most frequently originated type of loan was Conventional, with 60 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 47 $17,585,000 $374,149 $0 0.00%
    Cash Out Refi 7 $2,325,000 $332,143 $0 0.00%
    Refi 5 $2,675,000 $535,000 $0 0.00%
    Other 1 $355,000 $355,000 $0 0.00%

    For 2019, Central Bank's most frequently cited loan purpose was Home Purchase, with 47 originations. The 2nd most popular reason was Cash Out Refi, with 7 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 60 $22,940,000 $382,333 $0 0.00%

    For 2019, Central Bank's most frequently cited loan duration was Other, with 60 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 23 $6,885,000 $299,348 $0 0.00%
    $100k-200k 12 $1,990,000 $165,833 $0 0.00%
    $400k-600k 12 $6,040,000 $503,333 $0 0.00%
    $600k-1MM 7 $5,435,000 $776,429 $0 0.00%
    $100,000 or less 4 $330,000 $82,500 $0 0.00%
    $1MM+ 2 $2,260,000 $1,130,000 $0 0.00%

    2019 saw Central Bank place emphasis on $200k-400k loans with 23 originations, totaling $6,885,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 16 $6,090,000 $380,625 $0 0.00%
    $100k-150k 13 $4,445,000 $341,923 $0 0.00%
    $250k+ 10 $6,790,000 $679,000 $0 0.00%
    $50k-75k 10 $2,580,000 $258,000 $0 0.00%
    $75k-100k 6 $1,830,000 $305,000 $0 0.00%
    $50k or less 2 $290,000 $145,000 $0 0.00%

    Central Bank lent most frequently to those with incomes in the $150k-250k range, with 16 originations. The second most popular income band? $100k-150k, with 13 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 60 $22,940,000 $382,333 $0 0.00%

    Central Bank lent most frequently to those with DTI ratios of Exempt%, with 60 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 47 $17,405,000 $370,319 $0 0.00%
    Asian 4 $2,220,000 $555,000 $0 0.00%
    Not provided 4 $1,790,000 $447,500 $0 0.00%
    Not applicable 3 $915,000 $305,000 $0 0.00%
    Asian Indian 1 $405,000 $405,000 $0 0.00%
    Black 1 $205,000 $205,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    87.50%

    Central Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    61.67%

    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 60 $22,940,000 $382,333

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 1 $375,000 $375,000
    Single Family (1-4 Units):Manufactured 1 $935,000 $935,000
    Single Family (1-4 Units):Site-Built 58 $21,630,000 $372,931

    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%