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, Panama City, and Brownsville 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

87

Origination Dollar Volume (All Markets)

$10,275,000

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) 40 $6,410,000 $160,250 $0 0.00%
Outside of Metro Areas 45 $3,495,000 $77,667 $0 0.00%
PANAMA CITY, FL (FHA|USDA|VA) 1 $305,000 $305,000 $0 0.00%
Brownsville, TN (FHA|USDA|VA) 1 $65,000 $65,000 $0 0.00%
Community Bank's top markets include Jackson, Panama City, and Brownsville among others.

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

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 87 $10,275,000 $118,103 $0 0.00%

    For 2018, Community Bank's most frequently originated type of loan was Conventional, with 87 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 50 $6,350,000 $127,000 $0 0.00%
    Refi 25 $3,275,000 $131,000 $0 0.00%
    Home Improvement 9 $585,000 $65,000 $0 0.00%
    Other 3 $65,000 $21,667 $0 0.00%

    For 2018, Community Bank's most frequently cited loan purpose was Home Purchase, with 50 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 87 $10,275,000 $118,103 $0 0.00%

    For 2018, Community Bank's most frequently cited loan duration was Other, with 87 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 62 $3,050,000 $49,194 $0 0.00%
    $100k-200k 15 $2,045,000 $136,333 $0 0.00%
    $200k-400k 6 $1,690,000 $281,667 $0 0.00%
    $400k-600k 2 $990,000 $495,000 $0 0.00%
    $1MM+ 1 $1,845,000 $1,845,000 $0 0.00%
    $600k-1MM 1 $655,000 $655,000 $0 0.00%

    2018 saw Community Bank place emphasis on $100,000 or less loans with 62 originations, totaling $3,050,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 16 $1,080,000 $67,500 $0 0.00%
    $50k or less 16 $610,000 $38,125 $0 0.00%
    $100k-150k 12 $1,030,000 $85,833 $0 0.00%
    $75k-100k 12 $1,050,000 $87,500 $0 0.00%
    $150k-250k 7 $725,000 $103,571 $0 0.00%
    $250k+ 6 $1,710,000 $285,000 $0 0.00%

    Community Bank lent most frequently to those with incomes in the $50k-75k range, with 16 originations. The second most popular income band? $50k or less, with 16 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 87 $10,275,000 $118,103 $0 0.00%

    Community Bank lent most frequently to those with DTI ratios of Exempt%, with 87 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 63 $6,495,000 $103,095 $0 0.00%
    Not applicable 14 $3,270,000 $233,571 $0 0.00%
    Black 8 $360,000 $45,000 $0 0.00%
    Asian 2 $150,000 $75,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    90.20%

    Community Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    94.25%

    Community Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 87 $10,275,000 $118,103

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 4 $1,080,000 $270,000
    Single Family (1-4 Units):Manufactured 8 $190,000 $23,750
    Single Family (1-4 Units):Site-Built 75 $9,005,000 $120,067

    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%