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

Jump to:

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 average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.

    We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.


    Originations

    53

    Origination Dollar Volume (All Markets)

    $20,815,000

    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) 45 $18,975,000 $421,667 $0 0.00%
    DOVER, DE (FHA|USDA|VA) 8 $1,840,000 $230,000 $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 53 $20,815,000 $392,736 $0 0.00%

    For 2019, 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 35 $10,875,000 $310,714 $0 0.00%
    Refi 17 $9,905,000 $582,647 $0 0.00%
    Home Improvement 1 $35,000 $35,000 $0 0.00%

    For 2019, Community Bank Delaware's most frequently cited loan purpose was Home Purchase, with 35 originations. The 2nd most popular reason was Refi, with 17 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 53 $20,815,000 $392,736 $0 0.00%

    For 2019, Community Bank Delaware's most frequently cited loan duration was Other, with 53 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 18 $4,630,000 $257,222 $0 0.00%
    $100k-200k 15 $2,125,000 $141,667 $0 0.00%
    $100,000 or less 8 $560,000 $70,000 $0 0.00%
    $600k-1MM 6 $4,510,000 $751,667 $0 0.00%
    $1MM+ 4 $7,950,000 $1,987,500 $0 0.00%
    $400k-600k 2 $1,040,000 $520,000 $0 0.00%

    2019 saw Community Bank Delaware place emphasis on $200k-400k loans with 18 originations, totaling $4,630,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 13 $2,435,000 $187,308 $0 0.00%
    $250k+ 8 $6,150,000 $768,750 $0 0.00%
    $150k-250k 5 $1,295,000 $259,000 $0 0.00%
    $75k-100k 5 $555,000 $111,000 $0 0.00%
    $50k-75k 4 $610,000 $152,500 $0 0.00%
    $50k or less 3 $355,000 $118,333 $0 0.00%

    Community Bank Delaware lent most frequently to those with incomes in the $100k-150k range, with 13 originations. The second most popular income band? $250k+, with 8 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 53 $20,815,000 $392,736 $0 0.00%

    Community Bank Delaware lent most frequently to those with DTI ratios of Exempt%, with 53 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 15 $9,415,000 $627,667 $0 0.00%
    White 19 $6,815,000 $358,684 $0 0.00%
    Not provided 19 $4,585,000 $241,316 $0 0.00%

    Approval Rates

    Total approvals of all applications
    86.96%

    Community Bank Delaware has an average approval rate.

    Pick Rate

    Approvals leading to origination
    86.79%

    Community Bank Delaware has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 53 $20,815,000 $392,736

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 1 $3,505,000 $3,505,000
    Single Family (1-4 Units):Manufactured 9 $1,145,000 $127,222
    Single Family (1-4 Units):Site-Built 43 $16,165,000 $375,930

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    COMMUNITY BANK SYSTEM, INC. Conventional home mortgage Closing on a mortgage 1 20.0%
    COMMUNITY BANK SYSTEM, INC. Conventional home mortgage Trouble during payment process 3 60.0%
    COMMUNITY BANK SYSTEM, INC. Home equity loan or line of credit (HELOC) Closing on a mortgage 1 20.0%