Community Bank Mortgage Rates, Fees & Info

lexington, TN

LEI: 5493002HHKWZSFP7AI61

Tax ID: 62-1722861

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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: Jackson, Murray, and Paris among others. We have data for 4 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

88

Origination Dollar Volume (All Markets)

$19,160,000

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
JACKSON, TN (FHA|USDA|VA) 54 $13,430,000 $248,704 $0 0.00%
Outside of Metro Areas 31 $5,135,000 $165,645 $0 0.00%
Murray, KY (FHA|USDA|VA) 1 $355,000 $355,000 $0 0.00%
Paris, TN (FHA|USDA|VA) 2 $240,000 $120,000 $0 0.00%
Community Bank's top markets include Jackson, Murray, and Paris among others.

Their top states include:
  • Tennessee (FHA|USDA|VA)
  • Kentucky (FHA|USDA|VA)
  • (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 88 $19,160,000 $217,727 $0 0.00%

    For 2023, Community Bank's most frequently originated type of loan was Conventional, with 88 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 54 $11,050,000 $204,630 $0 0.00%
    Refi 25 $7,265,000 $290,600 $0 0.00%
    Home Improvement 5 $275,000 $55,000 $0 0.00%
    Other 4 $570,000 $142,500 $0 0.00%

    For 2023, Community Bank's most frequently cited loan purpose was Home Purchase, with 54 originations. The 2nd most popular reason was Refi, with 25 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 88 $19,160,000 $217,727 $0 0.00%

    For 2023, Community Bank's most frequently cited loan duration was Other, with 88 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 37 $1,875,000 $50,676 $0 0.00%
    $200k-400k 22 $5,850,000 $265,909 $0 0.00%
    $100k-200k 18 $2,570,000 $142,778 $0 0.00%
    $400k-600k 6 $2,600,000 $433,333 $0 0.00%
    $1MM+ 3 $4,615,000 $1,538,333 $0 0.00%
    $600k-1MM 2 $1,650,000 $825,000 $0 0.00%

    2023 saw Community Bank place emphasis on $100,000 or less loans with 37 originations, totaling $1,875,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 14 $4,760,000 $340,000 $0 0.00%
    $50k or less 12 $1,610,000 $134,167 $0 0.00%
    $100k-150k 9 $1,735,000 $192,778 $0 0.00%
    $75k-100k 9 $815,000 $90,556 $0 0.00%
    $50k-75k 7 $1,595,000 $227,857 $0 0.00%
    $150k-250k 6 $1,570,000 $261,667 $0 0.00%

    Community Bank lent most frequently to those with incomes in the $250k+ range, with 14 originations. The second most popular income band? $50k or less, with 12 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 88 $19,160,000 $217,727 $0 0.00%

    Community Bank lent most frequently to those with DTI ratios of Exempt%, with 88 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 52 $11,720,000 $225,385 $0 0.00%
    Not applicable 30 $7,010,000 $233,667 $0 0.00%
    Black 4 $210,000 $52,500 $0 0.00%
    Asian 1 $205,000 $205,000 $0 0.00%
    Other Asian 1 $15,000 $15,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    94.85%

    Community Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    95.45%

    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 88 $19,160,000 $217,727

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    88 $19,160,000 $217,727