Community Bank Delaware Mortgage Rates, Fees & Info
Lewes, DELEI: 254900NCYRSD12LNF831
Tax ID: 65-1260189
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Mortgage Data
Review & Overview
Community Bank Delaware is a smaller bank specializing in Home Purchase loans. Community Bank Delaware has a high proportion of conventional loans. Their top markets by origination volume include: Salisbury, Dover, and Orlando among others. We have data for 3 markets. (Some data included below & more in-depth data is available with an active subscription.)Community Bank Delaware 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
91Origination Dollar Volume (All Markets)
$49,335,000Top 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 |
|---|---|---|---|---|---|
| SALISBURY, MD-DE (FHA|USDA|VA) | 85 | $46,095,000 | $542,294 | $0 | 0.00% |
| DOVER, DE (FHA|USDA|VA) | 5 | $2,275,000 | $455,000 | $0 | 0.00% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 1 | $965,000 | $965,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 91 | $49,335,000 | $542,143 | $0 | 0.00% |
For 2023, Community Bank Delaware's most frequently originated type of loan was Conventional, with 91 originations.
Loan Reason
For 2023, Community Bank Delaware's most frequently cited loan purpose was Home Purchase, with 73 originations. The 2nd most popular reason was Refi, with 11 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 91 | $49,335,000 | $542,143 | $0 | 0.00% |
For 2023, Community Bank Delaware's most frequently cited loan duration was Other, with 91 originations.
Loan Sizing
2023 saw Community Bank Delaware place emphasis on $200k-400k loans with 34 originations, totaling $9,380,000 in origination value.
Applicant Income
Community Bank Delaware lent most frequently to those with incomes in the $250k+ range, with 27 originations. The second most popular income band? $100k-150k, with 20 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 91 | $49,335,000 | $542,143 | $0 | 0.00% |
Community Bank Delaware lent most frequently to those with DTI ratios of Exempt%, with 91 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications98.13%
Community Bank Delaware has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination84.62%
Community Bank Delaware has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 91 | $49,335,000 | $542,143 |