Community Bank Delaware Mortgage Rates, Fees & Info

Lewes, DE

LEI: 254900NCYRSD12LNF831

Tax ID: 65-1260189

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 Delaware is a smaller bank specializing in Home Purchase and Refi loans. Community Bank Delaware has a high proportion of conventional loans. Their top two markets are Salisbury and Dover .

    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

    69

    Origination Dollar Volume (All Markets)

    $22,295,000

    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
    SALISBURY, MD-DE (FHA|USDA|VA) 66 $21,640,000 $327,879 $0 0.00%
    DOVER, DE (FHA|USDA|VA) 3 $655,000 $218,333 $0 0.00%
    Community Bank Delaware's top markets include Salisbury and Dover among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 69 $22,295,000 $323,116 $0 0.00%

    For 2018, Community Bank Delaware's most frequently originated type of loan was Conventional, with 69 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 37 $11,075,000 $299,324 $0 0.00%
    Refi 29 $11,065,000 $381,552 $0 0.00%
    Other 2 $80,000 $40,000 $0 0.00%
    Home Improvement 1 $75,000 $75,000 $0 0.00%

    For 2018, Community Bank Delaware's most frequently cited loan purpose was Home Purchase, with 37 originations. The 2nd most popular reason was Refi, with 29 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 69 $22,295,000 $323,116 $0 0.00%

    For 2018, Community Bank Delaware's most frequently cited loan duration was Other, with 69 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 21 $2,925,000 $139,286 $0 0.00%
    $200k-400k 19 $5,205,000 $273,947 $0 0.00%
    $100,000 or less 9 $595,000 $66,111 $0 0.00%
    $400k-600k 9 $4,315,000 $479,444 $0 0.00%
    $600k-1MM 9 $6,935,000 $770,556 $0 0.00%
    $1MM+ 2 $2,320,000 $1,160,000 $0 0.00%

    2018 saw Community Bank Delaware place emphasis on $100k-200k loans with 21 originations, totaling $2,925,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 20 $10,640,000 $532,000 $0 0.00%
    $150k-250k 18 $5,600,000 $311,111 $0 0.00%
    $50k-75k 7 $965,000 $137,857 $0 0.00%
    $75k-100k 7 $1,885,000 $269,286 $0 0.00%
    $100k-150k 6 $1,630,000 $271,667 $0 0.00%
    $50k or less 6 $610,000 $101,667 $0 0.00%

    Community Bank Delaware lent most frequently to those with incomes in the $250k+ range, with 20 originations. The second most popular income band? $150k-250k, with 18 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 69 $22,295,000 $323,116 $0 0.00%

    Community Bank Delaware lent most frequently to those with DTI ratios of Exempt%, with 69 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 61 $20,735,000 $339,918 $0 0.00%
    Not applicable 5 $965,000 $193,000 $0 0.00%
    Not provided 2 $540,000 $270,000 $0 0.00%
    Black 1 $55,000 $55,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    97.59%

    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 origination
    82.61%

    Community Bank Delaware has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 69 $22,295,000 $323,116

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 7 $1,015,000 $145,000
    Single Family (1-4 Units):Site-Built 62 $21,280,000 $343,226

    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%