Community Bank Delaware Mortgage Rates, Fees & Info
Lewes, DELEI: 254900NCYRSD12LNF831
Tax ID: 65-1260189
Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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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 (well, only) market is Salisbury.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
53Origination Dollar Volume (All Markets)
$37,015,000Top 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) | 53 | $37,015,000 | $698,396 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 53 | $37,015,000 | $698,396 | $0 | 0.00% |
For 2024, Community Bank Delaware's most frequently originated type of loan was Conventional, with 53 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 45 | $33,785,000 | $750,778 | $0 | 0.00% |
| Refi | 7 | $2,955,000 | $422,143 | $0 | 0.00% |
| Home Improvement | 1 | $275,000 | $275,000 | $0 | 0.00% |
For 2024, Community Bank Delaware's most frequently cited loan purpose was Home Purchase, with 45 originations. The 2nd most popular reason was Refi, with 7 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 53 | $37,015,000 | $698,396 | $0 | 0.00% |
For 2024, Community Bank Delaware's most frequently cited loan duration was Other, with 53 originations.
Loan Sizing
2024 saw Community Bank Delaware place emphasis on $200k-400k loans with 14 originations, totaling $4,090,000 in origination value.
Applicant Income
Community Bank Delaware lent most frequently to those with incomes in the $250k+ range, with 29 originations. The second most popular income band? $100k-150k, with 6 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 53 | $37,015,000 | $698,396 | $0 | 0.00% |
Community Bank Delaware lent most frequently to those with DTI ratios of Exempt%, with 53 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications97.01%
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 origination77.36%
Community Bank Delaware has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 53 | $37,015,000 | $698,396 |