Community Bank Of Pickens County Mortgage Rates, Fees & Info

Jasper, GA

LEI: 254900A4WMCRPWZCPS41

Tax ID: 58-2516675

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

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • 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 Bank Of Pickens County is a smaller bank specializing in Home Purchase and Refi loans. Community Bank Of Pickens County has a high proportion of conventional loans. Their top markets by origination volume include: Atlanta, Dalton, Hinesville, Calhoun, and Valdosta among others. We have data for 6 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Community Bank Of Pickens County has an above average approval rate when compared to the average across all lenders. They have an above 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

    79

    Origination Dollar Volume (All Markets)

    $11,555,000

    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
    ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 67 $9,875,000 $147,388 $0 0.00%
    Outside of Metro Areas 8 $1,300,000 $162,500 $0 0.00%
    DALTON, GA (FHA|USDA|VA) 1 $275,000 $275,000 $0 0.00%
    HINESVILLE, GA (FHA|USDA|VA) 1 $65,000 $65,000 $0 0.00%
    Calhoun, GA (FHA|USDA|VA) 1 $25,000 $25,000 $0 0.00%
    VALDOSTA, GA (FHA|USDA|VA) 1 $15,000 $15,000 $0 0.00%
    Community Bank Of Pickens County's top markets include Atlanta, Dalton, Hinesville, Calhoun, and Valdosta among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 79 $11,555,000 $146,266 $0 0.00%

    For 2018, Community Bank Of Pickens County's most frequently originated type of loan was Conventional, with 79 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 42 $5,310,000 $126,429 $0 0.00%
    Refi 30 $4,500,000 $150,000 $0 0.00%
    Other 4 $210,000 $52,500 $0 0.00%
    Home Improvement 3 $1,535,000 $511,667 $0 0.00%

    For 2018, Community Bank Of Pickens County's most frequently cited loan purpose was Home Purchase, with 42 originations. The 2nd most popular reason was Refi, with 30 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 79 $11,555,000 $146,266 $0 0.00%

    For 2018, Community Bank Of Pickens County's most frequently cited loan duration was Other, with 79 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 44 $2,350,000 $53,409 $0 0.00%
    $100k-200k 18 $2,710,000 $150,556 $0 0.00%
    $200k-400k 13 $3,605,000 $277,308 $0 0.00%
    $400k-600k 3 $1,395,000 $465,000 $0 0.00%
    $1MM+ 1 $1,495,000 $1,495,000 $0 0.00%

    2018 saw Community Bank Of Pickens County place emphasis on $100,000 or less loans with 44 originations, totaling $2,350,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 23 $1,685,000 $73,261 $0 0.00%
    $50k-75k 14 $1,760,000 $125,714 $0 0.00%
    $75k-100k 10 $1,440,000 $144,000 $0 0.00%
    $100k-150k 9 $1,085,000 $120,556 $0 0.00%
    $150k-250k 5 $655,000 $131,000 $0 0.00%
    $250k+ 4 $1,090,000 $272,500 $0 0.00%

    Community Bank Of Pickens County lent most frequently to those with incomes in the $50k or less range, with 23 originations. The second most popular income band? $50k-75k, with 14 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 79 $11,555,000 $146,266 $0 0.00%

    Community Bank Of Pickens County lent most frequently to those with DTI ratios of Exempt%, with 79 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 66 $7,440,000 $112,727 $0 0.00%
    Not applicable 11 $3,465,000 $315,000 $0 0.00%
    Black 2 $650,000 $325,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    93.02%

    Community Bank Of Pickens County has an average approval rate.

    Pick Rate

    Approvals leading to origination
    98.73%

    Community Bank Of Pickens County has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 79 $11,555,000 $146,266

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 1 $1,495,000 $1,495,000
    Single Family (1-4 Units):Manufactured 9 $625,000 $69,444
    Single Family (1-4 Units):Site-Built 69 $9,435,000 $136,739

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    Community Lending of America, Inc. VA mortgage Closing on a mortgage 1 100.0%