Community Bank Mortgage Rates, Fees & Info
lexington, TNLEI: 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
87Origination Dollar Volume (All Markets)
$10,275,000Top 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 |
|---|---|---|---|---|---|
| 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% |
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
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
2018 saw Community Bank place emphasis on $100,000 or less loans with 62 originations, totaling $3,050,000 in origination value.
Applicant Income
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
Approval Rates
Total approvals of all applications90.20%
Community Bank has an average approval rate.
Pick Rate
Approvals leading to origination94.25%
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
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% |