Drummond Community Bank Mortgage Rates, Fees & Info
Chiefland, FLLEI: 254900G3JF710WUIHN65
Tax ID: 59-2976493
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Mortgage Data
Review & Overview
Drummond Community Bank is a smaller bank specializing in loans. Drummond Community Bank has a high proportion of conventional loans. Their top markets by origination volume include: Gainesville, North Port, Ocala, Tampa, and Homosassa Springs among others. We have data for 14 markets. (Some data included below & more in-depth data is available with an active subscription.)Drummond Community 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.
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Originations
382Origination Dollar Volume (All Markets)
$151,820,000Top 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 |
|---|---|---|---|---|---|
| GAINESVILLE, FL (FHA|USDA|VA) | 62 | $30,110,000 | $485,645 | $0 | 0.00% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 63 | $22,945,000 | $364,206 | $0 | 0.00% |
| OCALA, FL (FHA|USDA|VA) | 49 | $19,815,000 | $404,388 | $0 | 0.00% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 43 | $16,795,000 | $390,581 | $0 | 0.00% |
| HOMOSASSA SPRINGS, FL (FHA|USDA|VA) | 48 | $16,650,000 | $346,875 | $0 | 0.00% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 36 | $16,390,000 | $455,278 | $0 | 0.00% |
| Lake City, FL (FHA|USDA|VA) | 33 | $9,965,000 | $301,970 | $0 | 0.00% |
| Outside of Metro Areas | 26 | $7,310,000 | $281,154 | $0 | 0.00% |
| TALLAHASSEE, FL (FHA|USDA|VA) | 13 | $4,905,000 | $377,308 | $0 | 0.00% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 3 | $4,495,000 | $1,498,333 | $0 | 0.00% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 2 | $820,000 | $410,000 | $0 | 0.00% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 2 | $650,000 | $325,000 | $0 | 0.00% |
| THE VILLAGES, FL (FHA|USDA|VA) | 1 | $595,000 | $595,000 | $0 | 0.00% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 382 | $151,820,000 | $397,435 | $0 | 0.00% |
For 2022, Drummond Community Bank's most frequently originated type of loan was Conventional, with 382 originations.
Loan Reason
For 2022, Drummond Community Bank's most frequently cited loan purpose was Home Purchase, with 357 originations. The 2nd most popular reason was Cash Out Refi, with 9 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 382 | $151,820,000 | $397,435 | $0 | 0.00% |
For 2022, Drummond Community Bank's most frequently cited loan duration was Other, with 382 originations.
Loan Sizing
2022 saw Drummond Community Bank place emphasis on $200k-400k loans with 202 originations, totaling $61,580,000 in origination value.
Applicant Income
Drummond Community Bank lent most frequently to those with incomes in the $100k-150k range, with 109 originations. The second most popular income band? $150k-250k, with 90 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 382 | $151,820,000 | $397,435 | $0 | 0.00% |
Drummond Community Bank lent most frequently to those with DTI ratios of Exempt%, with 382 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications90.96%
Drummond Community Bank has an average approval rate.
Pick Rate
Approvals leading to origination80.37%
Drummond Community Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 382 | $151,820,000 | $397,435 |