Community State Bank Of Orbisonia Mortgage Rates, Fees & Info

Orbisonia, PA

LEI: 549300YUVOQXC2XL4P90

Tax ID: 23-1354306

5 stars - Updated: 4/18/24 - out of 5 stars, based on 18 reviews

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Relative Rates
  • Relative Fees
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • 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

    Community State Bank Of Orbisonia is a smaller bank specializing in Home Purchase loans. Community State Bank Of Orbisonia has a high proportion of conventional loans. Their top markets by origination volume include: Huntingdon, Chambersburg, Lewistown, Altoona, and Gettysburg among others. We have data for 9 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Community State Bank Of Orbisonia 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. Community State Bank Of Orbisonia is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have relatively high rates.

    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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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.68% 4/18/24
    30 Year Conventional Refi 6.85% 4/18/24
    30 Year Cash-out Refi 6.27% 4/18/24
    15 Year Conventional Purchase 7.24% 4/18/24
    15 Year Conventional Refi 6.55% 4/18/24
    15 Year Cash-out Refi 6.55% 4/18/24
    These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

    Community State Bank Of Orbisonia Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Community State Bank Of Orbisonia. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

    The default purchase price is the median sales price across the US for 2022Q4, per FRED.


    Originations

    308

    Origination Dollar Volume (All Markets)

    $29,270,000

    Awards

    Community State Bank of Orbisonia 30 Year Conventional Loans silver Community State Bank of Orbisonia 30 Year Conventional Loans gold Community State Bank of Orbisonia 30 Year Conventional Loans gold
    Show all (3) awards

    Relative Rate

    Community State Bank Of Orbisonia's average 30 year fixed mortgage rate was 5.87%.

    The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

    This yields a difference of -0.61%.

    Relative Fees (Closing Costs)

    Community State Bank Of Orbisonia's average total fees/closing costs for a 30 year fixed rate mortgage were $3,280.

    The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $9,089.

    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
    Huntingdon, PA (FHA|USDA|VA) 146 $12,440,000 $85,205 $1,297 6.68%
    Outside of Metro Areas 88 $8,250,000 $93,750 $1,421 6.55%
    CHAMBERSBURG-WAYNESBORO, PA (FHA|USDA|VA) 43 $5,205,000 $121,047 $1,409 6.65%
    Lewistown, PA (FHA|USDA|VA) 13 $1,045,000 $80,385 $1,290 6.51%
    ALTOONA, PA (FHA|USDA|VA) 9 $805,000 $89,444 $2,215 6.87%
    GETTYSBURG, PA (FHA|USDA|VA) 3 $765,000 $255,000 $2,267 6.68%
    HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 4 $520,000 $130,000 $3,265 5.89%
    DuBois, PA (FHA|USDA|VA) 1 $165,000 $165,000 $0 7.00%
    JOHNSTOWN, PA (FHA|USDA|VA) 1 $75,000 $75,000 $2,390 6.55%
    Community State Bank Of Orbisonia's top markets include Huntingdon, Chambersburg, Lewistown, Altoona, and Gettysburg among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 308 $29,270,000 $95,032 $1,400 6.63%

    For 2023, Community State Bank Of Orbisonia's most frequently originated type of loan was Conventional, with 308 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 116 $16,530,000 $142,500 $2,946 6.42%
    Home Improvement 81 $4,595,000 $56,728 $545 6.75%
    Other 56 $3,510,000 $62,679 $520 6.71%
    Refi 55 $4,635,000 $84,273 $838 6.82%

    For 2023, Community State Bank Of Orbisonia's most frequently cited loan purpose was Home Purchase, with 116 originations. The 2nd most popular reason was Home Improvement, with 81 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    15 Year 90 $5,920,000 $65,778 $635 6.90%
    10 Year 61 $2,575,000 $42,213 $705 6.66%
    20 Year 58 $7,280,000 $125,517 $2,791 6.95%
    30 Year 49 $9,965,000 $203,367 $3,280 5.87%
    5 Year 26 $660,000 $25,385 $336 6.45%
    Other 16 $830,000 $51,875 $282 6.84%
    30+ year 6 $1,980,000 $330,000 $4,498 5.73%
    1 Year 1 $55,000 $55,000 $0 7.50%
    3 Year 1 $5,000 $5,000 $378 5.45%

    For 2023, Community State Bank Of Orbisonia's most frequently cited loan duration was 15 Year, with 90 originations. The 2nd most popular length was 10 Year, with 61 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 258 $21,070,000 $81,667
    $1k-2k 6 $1,110,000 $185,000

    Community State Bank Of Orbisonia's average total fees were $3,280, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 258 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 199 $13,895,000 $69,824
    5-6% 57 $8,705,000 $152,719
    7-8% 46 $6,400,000 $139,130
    Over 8% 6 $270,000 $45,000

    During 2023, Community State Bank Of Orbisonia's average interest rate for loans was 5.87%, while their most frequently originated rate bucket for loans was 6-7%, with 199 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 204 $9,070,000 $44,461 $811 6.73%
    $100k-200k 66 $8,630,000 $130,758 $2,315 6.43%
    $200k-400k 33 $9,055,000 $274,394 $3,819 6.39%
    $400k-600k 5 $2,515,000 $503,000 $4,898 6.80%

    2023 saw Community State Bank Of Orbisonia place emphasis on $100,000 or less loans with 204 originations, totaling $9,070,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 80 $4,730,000 $59,125 $1,300 6.58%
    $50k-75k 67 $4,155,000 $62,015 $1,163 6.52%
    $75k-100k 57 $5,585,000 $97,982 $1,541 6.58%
    $100k-150k 49 $5,705,000 $116,429 $1,563 6.61%
    $150k-250k 28 $4,270,000 $152,500 $1,549 6.64%
    $250k+ 9 $1,535,000 $170,556 $2,434 6.59%

    Community State Bank Of Orbisonia lent most frequently to those with incomes in the $50k or less range, with 80 originations. The second most popular income band? $50k-75k, with 67 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 81 $5,725,000 $70,679 $1,385 6.54%
    30-36% 48 $5,300,000 $110,417 $1,704 6.43%
    <20% 31 $2,185,000 $70,484 $964 6.76%
    36% 16 $1,050,000 $65,625 $863 6.67%
    50-60% 16 $2,180,000 $136,250 $1,657 6.51%
    42% 14 $1,300,000 $92,857 $1,119 6.56%
    41% 14 $1,660,000 $118,571 $1,890 6.23%
    39% 12 $930,000 $77,500 $1,551 6.59%
    37% 11 $1,235,000 $112,273 $2,102 6.60%
    >60% 10 $1,100,000 $110,000 $998 6.96%
    38% 9 $795,000 $88,333 $2,007 6.42%
    40% 7 $605,000 $86,429 $884 6.92%
    43% 7 $395,000 $56,429 $280 6.85%
    48% 5 $975,000 $195,000 $2,470 6.38%
    44% 3 $225,000 $75,000 $523 7.17%
    46% 2 $160,000 $80,000 $1,859 6.08%
    45% 2 $60,000 $30,000 $238 7.00%
    47% 1 $45,000 $45,000 $0 7.75%
    49% 1 $55,000 $55,000 $0 7.50%

    Community State Bank Of Orbisonia lent most frequently to those with DTI ratios of 20-30%, with 81 originations. The next most common DTI ratio? 30-36%, with 48 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 289 $25,725,000 $89,014 $1,392 6.59%
    Not applicable 15 $2,825,000 $188,333 $0 7.50%
    Asian Indian 2 $540,000 $270,000 $3,062 6.60%
    American Indian 1 $135,000 $135,000 $2,982 5.45%
    Black 1 $45,000 $45,000 $298 7.00%

    Approval Rates

    Total approvals of all applications
    89.64%

    Community State Bank Of Orbisonia has an average approval rate.

    Pick Rate

    Approvals leading to origination
    87.66%

    Community State Bank Of Orbisonia has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 308 $29,270,000 $95,032

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    308 $29,270,000 $95,032

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 68 $4,910,000 $72,206 $804 6.75%
    40-60% 39 $4,955,000 $127,051 $1,649 6.68%
    60-80% 85 $11,995,000 $141,118 $2,483 6.52%
    80-100% 34 $4,980,000 $146,471 $2,947 6.36%
    Over 100% 2 $120,000 $60,000 $0 7.38%
    Under 20% 80 $2,310,000 $28,875 $353 6.71%