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, Daphne, Paris, Crestview, and Lawrenceburg among others. We have data for 9 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

129

Origination Dollar Volume (All Markets)

$30,305,000

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) 70 $19,000,000 $271,429 $0 0.00%
Outside of Metro Areas 50 $8,650,000 $173,000 $0 0.00%
DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 2 $1,090,000 $545,000 $0 0.00%
Paris, TN (FHA|USDA|VA) 2 $670,000 $335,000 $0 0.00%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 1 $505,000 $505,000 $0 0.00%
Lawrenceburg, TN (FHA|USDA|VA) 1 $205,000 $205,000 $0 0.00%
Martin, TN (FHA|USDA|VA) 1 $105,000 $105,000 $0 0.00%
DULUTH, MN-WI (FHA|USDA|VA) 1 $55,000 $55,000 $0 0.00%
Dyersburg, TN (FHA|USDA|VA) 1 $25,000 $25,000 $0 0.00%
Community Bank's top markets include Jackson, Daphne, Paris, Crestview, and Lawrenceburg among others.

Their top states include:
  • Tennessee (FHA|USDA|VA)
  • Alabama (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Minnesota (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 129 $30,305,000 $234,922 $0 0.00%

    For 2022, Community Bank's most frequently originated type of loan was Conventional, with 129 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 66 $17,640,000 $267,273 $0 0.00%
    Refi 51 $11,365,000 $222,843 $0 0.00%
    Home Improvement 8 $430,000 $53,750 $0 0.00%
    Other 4 $870,000 $217,500 $0 0.00%

    For 2022, Community Bank's most frequently cited loan purpose was Home Purchase, with 66 originations. The 2nd most popular reason was Refi, with 51 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 129 $30,305,000 $234,922 $0 0.00%

    For 2022, Community Bank's most frequently cited loan duration was Other, with 129 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 46 $2,570,000 $55,870 $0 0.00%
    $100k-200k 44 $6,310,000 $143,409 $0 0.00%
    $200k-400k 20 $5,940,000 $297,000 $0 0.00%
    $400k-600k 9 $4,685,000 $520,556 $0 0.00%
    $600k-1MM 6 $5,040,000 $840,000 $0 0.00%
    $1MM+ 4 $5,760,000 $1,440,000 $0 0.00%

    2022 saw Community Bank place emphasis on $100,000 or less loans with 46 originations, totaling $2,570,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $75k-100k 21 $3,295,000 $156,905 $0 0.00%
    $250k+ 19 $6,395,000 $336,579 $0 0.00%
    $50k or less 17 $1,265,000 $74,412 $0 0.00%
    $50k-75k 14 $1,620,000 $115,714 $0 0.00%
    $100k-150k 13 $2,015,000 $155,000 $0 0.00%
    $150k-250k 13 $2,985,000 $229,615 $0 0.00%

    Community Bank lent most frequently to those with incomes in the $75k-100k range, with 21 originations. The second most popular income band? $250k+, with 19 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 129 $30,305,000 $234,922 $0 0.00%

    Community Bank lent most frequently to those with DTI ratios of Exempt%, with 129 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 96 $17,730,000 $184,688 $0 0.00%
    Not applicable 29 $12,105,000 $417,414 $0 0.00%
    Black 3 $275,000 $91,667 $0 0.00%
    Asian 1 $195,000 $195,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    97.76%

    Community Bank 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
    98.45%

    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 129 $30,305,000 $234,922

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    129 $30,305,000 $234,922

    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%