Drummond Community Bank Mortgage Rates, Fees & InfoChiefland, FL
Tax ID: 59-2976493
Latest/2022 | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Review & OverviewDrummond Community Bank is a smaller bank specializing in Home Purchase 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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Origination Dollar Volume (All Markets)$151,820,000
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%|
|Loan Type||Originations||Total Value||Avg. Loan||Avg. Fees||Avg. Rate|
For 2022, Drummond Community Bank's most frequently originated type of loan was Conventional, with 382 originations.
|Loan Reason||Originations||Total Value||Avg. Loan||Avg. Fees||Avg. Rate|
|Cash Out Refi||9||$2,615,000||$290,556||$0||0.00%|
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 Length||Originations||Total Value||Average Loan||Average Fees||Average Rate|
For 2022, Drummond Community Bank's most frequently cited loan duration was Other, with 382 originations.
2022 saw Drummond Community Bank place emphasis on $200k-400k loans with 202 originations, totaling $61,580,000 in origination value.
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|
Drummond Community Bank lent most frequently to those with DTI ratios of Exempt%, with 382 originations.
Approval RatesTotal approvals of all applications
Drummond Community Bank has an average approval rate.
Pick RateApprovals leading to origination
Drummond Community Bank has a below average pick rate.
Points and Fees
|Points||Originations||Total Value||Average Loan|