Community Bank Mortgage Rates, Fees & Info
Topeka, KSLEI: 254900R028OZZTTP5D53
Tax ID: 48-1159799
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Community Bank is a smaller bank specializing in Home Purchase and Refi loans. Community Bank has a high proportion of conventional loans. Their top markets by origination volume include: Topeka, Norwich, Palm Bay, Springfield, and Manhattan among others. We have data for 7 markets. (Some data included below & more in-depth data is available with an active subscription.)Community Bank has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders.
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Originations
197Origination Dollar Volume (All Markets)
$34,885,000Top 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 |
|---|---|---|---|---|---|
| TOPEKA, KS (FHA|USDA|VA) | 190 | $32,770,000 | $172,474 | $0 | 0.00% |
| Outside of Metro Areas | 2 | $570,000 | $285,000 | $0 | 0.00% |
| NORWICH-NEW LONDON, CT (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $0 | 0.00% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $0 | 0.00% |
| SPRINGFIELD, MO (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $0 | 0.00% |
| MANHATTAN, KS (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $0 | 0.00% |
| WICHITA, KS (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 197 | $34,885,000 | $177,081 | $0 | 0.00% |
For 2022, Community Bank's most frequently originated type of loan was Conventional, with 197 originations.
Loan Reason
For 2022, Community Bank's most frequently cited loan purpose was Home Purchase, with 104 originations. The 2nd most popular reason was Refi, with 70 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 197 | $34,885,000 | $177,081 | $0 | 0.00% |
For 2022, Community Bank's most frequently cited loan duration was Other, with 197 originations.
Loan Sizing
2022 saw Community Bank place emphasis on $100,000 or less loans with 68 originations, totaling $3,920,000 in origination value.
Applicant Income
Community Bank lent most frequently to those with incomes in the $100k-150k range, with 51 originations. The second most popular income band? $150k-250k, with 29 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 197 | $34,885,000 | $177,081 | $0 | 0.00% |
Community Bank lent most frequently to those with DTI ratios of Exempt%, with 197 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications94.93%
Community Bank has an average approval rate.
Pick Rate
Approvals leading to origination95.43%
Community Bank has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 197 | $34,885,000 | $177,081 |
Complaints
| Bank Name | Product | Issue | 2022 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| Community Loan Servicing, LLC (formerly known as Bayview Loan Servicing, LLC) | FHA mortgage | Struggling to pay mortgage | 2 | 66.7% |
| Community Loan Servicing, LLC (formerly known as Bayview Loan Servicing, LLC) | Other type of mortgage | Trouble during payment process | 1 | 33.3% |