Community State Bank Of Orbisonia Mortgage Rates, Fees & Info

Orbisonia, PA

LEI: 549300YUVOQXC2XL4P90

Tax ID: 23-1354306

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

Review & Overview

Community State Bank Of Orbisonia is a smaller bank specializing in Home Purchase and Refi 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 State College among others. We have data for 10 markets. (Some data included below & more in-depth data is available with an active subscription.)

Community State Bank Of Orbisonia 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. 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 about average 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%	11/23/24
30 Year Conventional Refi	6.85%	11/23/24
30 Year Cash-out Refi	6.27%	11/23/24
15 Year Conventional Purchase	7.24%	11/23/24
15 Year Conventional Refi	6.55%	11/23/24
15 Year Cash-out Refi	6.55%	11/23/24
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

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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

426

Origination Dollar Volume (All Markets)

$45,370,000

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
Huntingdon, PA (FHA\|USDA\|VA)	221	$20,665,000	$93,507	$1,423	5.04%
Outside of Metro Areas	115	$14,025,000	$121,957	$1,997	4.94%
CHAMBERSBURG-WAYNESBORO, PA (FHA\|USDA\|VA)	50	$6,280,000	$125,600	$1,997	5.29%
Lewistown, PA (FHA\|USDA\|VA)	29	$3,205,000	$110,517	$1,989	4.93%
ALTOONA, PA (FHA\|USDA\|VA)	6	$640,000	$106,667	$3,100	6.01%
STATE COLLEGE, PA (FHA\|USDA\|VA)	1	$255,000	$255,000	$3,821	4.95%
GETTYSBURG, PA (FHA\|USDA\|VA)	1	$185,000	$185,000	$0	4.50%
Somerset, PA (FHA\|USDA\|VA)	1	$45,000	$45,000	$2,960	6.75%
JOHNSTOWN, PA (FHA\|USDA\|VA)	1	$35,000	$35,000	$0	0.00%
DuBois, PA (FHA\|USDA\|VA)	1	$35,000	$35,000	$220	5.75%

Community State Bank Of Orbisonia's top markets include Huntingdon, Chambersburg, Lewistown, Altoona, and State College among others.

Their top states include:

Pennsylvania (FHA|USDA|VA)

Product Mix

Loan Type	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Conventional	426	$45,370,000	$106,502	$1,692	5.05%

For 2022, Community State Bank Of Orbisonia's most frequently originated type of loan was Conventional, with 426 originations.

Loan Reason

Loan Reason	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Home Purchase	180	$25,370,000	$140,944	$2,857	5.37%
Refi	131	$14,225,000	$108,588	$1,330	4.64%
Home Improvement	68	$2,950,000	$43,382	$490	4.87%
Other	47	$2,825,000	$60,106	$727	5.27%

For 2022, Community State Bank Of Orbisonia's most frequently cited loan purpose was Home Purchase, with 180 originations. The 2nd most popular reason was Refi, with 131 originations.

Loan Duration/Length

Loan Length	Originations	Total Value	Average Loan	Average Fees	Average Rate
20 Year	173	$26,135,000	$151,069	$2,900	5.23%
15 Year	102	$7,200,000	$70,588	$853	5.18%
10 Year	75	$3,855,000	$51,400	$453	5.05%
5 Year	36	$1,070,000	$29,722	$207	4.31%
Other	21	$3,345,000	$159,286	$1,563	4.28%
30 Year	17	$3,515,000	$206,765	$3,443	4.89%
30+ year	1	$155,000	$155,000	$3,671	5.45%
1 Year	1	$95,000	$95,000	$0	4.63%

For 2022, Community State Bank Of Orbisonia's most frequently cited loan duration was 20 Year, with 173 originations. The 2nd most popular length was 15 Year, with 102 originations.

Origination Fees/Closing Costs

Origination Fee/Closing Cost	Originations	Total Value	Average Loan
$<1k	363	$36,765,000	$101,281
$1k-2k	9	$1,835,000	$203,889

Community State Bank Of Orbisonia's average total fees were $3,443, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 363 originations.

Interest Rates

Loan Rate	Originations	Total Value	Average Loan
5-6%	146	$12,590,000	$86,233
3-4%	100	$13,080,000	$130,800
4-5%	82	$11,140,000	$135,854
6-7%	75	$7,165,000	$95,533
7-8%	9	$445,000	$49,444
2.5-3%	8	$630,000	$78,750
<2.5%	3	$245,000	$81,667
Over 8%	2	$40,000	$20,000

During 2022, Community State Bank Of Orbisonia's average interest rate for loans was 4.89%, while their most frequently originated rate bucket for loans was 5-6%, with 146 originations.

Loan Sizing

Loan Size	Originations	Total Value	Average Loan	Average Fees	Average Rate
$100,000 or less	262	$12,780,000	$48,779	$868	5.15%
$100k-200k	115	$16,175,000	$140,652	$2,623	4.99%
$200k-400k	39	$10,465,000	$268,333	$3,764	4.70%
$400k-600k	6	$2,900,000	$483,333	$5,196	4.73%
$600k-1MM	4	$3,050,000	$762,500	$7,318	4.03%

2022 saw Community State Bank Of Orbisonia place emphasis on $100,000 or less loans with 262 originations, totaling $12,780,000 in origination value.

Applicant Income

Applicant Income	Originations	Total Value	Average Loan	Average Fees	Average Rate
$50k-75k	125	$10,285,000	$82,280	$1,512	4.93%
$50k or less	89	$7,065,000	$79,382	$1,400	5.14%
$100k-150k	77	$10,235,000	$132,922	$1,725	4.98%
$75k-100k	77	$8,865,000	$115,130	$1,937	5.15%
$150k-250k	32	$5,550,000	$173,438	$2,583	5.19%
$250k+	5	$975,000	$195,000	$3,329	4.84%

Community State Bank Of Orbisonia lent most frequently to those with incomes in the $50k-75k range, with 125 originations. The second most popular income band? $50k or less, with 89 originations.

Applicant Debt to Income Ratio

DTI Ratio	Originations	Total Value	Average Loan	Average Fees	Average Rate
20-30%	107	$11,605,000	$108,458	$1,898	5.14%
30-36%	80	$7,590,000	$94,875	$1,616	4.98%
<20%	64	$4,060,000	$63,438	$1,197	4.82%
50-60%	22	$2,560,000	$116,364	$2,021	5.57%
42%	17	$1,555,000	$91,471	$1,155	5.54%
38%	17	$1,675,000	$98,529	$1,691	5.10%
40%	17	$1,865,000	$109,706	$1,933	4.67%
36%	16	$1,950,000	$121,875	$2,181	5.19%
39%	14	$1,440,000	$102,857	$1,590	5.12%
>60%	13	$3,025,000	$232,692	$2,968	4.94%
43%	8	$1,770,000	$221,250	$2,321	3.85%
41%	7	$1,275,000	$182,143	$2,416	5.18%
37%	7	$675,000	$96,429	$1,861	4.50%
49%	4	$800,000	$200,000	$1,108	5.02%
44%	4	$450,000	$112,500	$1,404	5.86%
46%	3	$375,000	$125,000	$1,866	5.18%
48%	2	$50,000	$25,000	$473	5.03%
45%	2	$150,000	$75,000	$2,196	5.48%
47%	1	$105,000	$105,000	$0	6.50%

Community State Bank Of Orbisonia lent most frequently to those with DTI ratios of 20-30%, with 107 originations. The next most common DTI ratio? 30-36%, with 80 originations.

Ethnicity Mix

Applicant Ethnicity	Originations	Total Value	Average Loan	Average Fees	Average Rate
White	410	$43,280,000	$105,561	$1,692	5.05%
Not applicable	16	$2,090,000	$130,625	$0	5.08%

Approval Rates

Total approvals of all applications
92.56%

Community State Bank Of Orbisonia has an average approval rate.

Pick Rate

Approvals leading to origination
80.52%

Community State Bank Of Orbisonia has a below average pick rate.

Points and Fees

Points	Originations	Total Value	Average Loan
NA	426	$45,370,000	$106,502

Occupancy Type Mix

Dwelling Type	Originations	Total Value	Average Loan
	426	$45,370,000	$106,502

LTV Distribution

Loan to Value	Originations	Total Value	Average Loan	Average Fees	Average Rate
20-40%	77	$5,315,000	$69,026	$835	4.97%
40-60%	59	$7,025,000	$119,068	$1,475	4.79%
60-80%	141	$20,105,000	$142,589	$2,506	5.00%
80-100%	78	$11,000,000	$141,026	$2,587	5.01%
Over 100%	1	$85,000	$85,000	$2,076	4.45%
Under 20%	70	$1,840,000	$26,286	$419	5.51%

Complaints

Bank Name	Product	Issue	2022 CPFB Complaints	% of Total Issues
Community Loan Servicing, LLC (formerly known as Bayview Loan Servicing, LLC)	FHA mortgage	Struggling to pay mortgage	2	66.7%
Community Loan Servicing, LLC (formerly known as Bayview Loan Servicing, LLC)	Other type of mortgage	Trouble during payment process	1	33.3%