Dedicated Community Bank Mortgage Rates, Fees & Info
Darlington, SCLEI: 5493002Q3RPRW6RCXC39
Tax ID: 57-0805621
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Dedicated Community Bank is a smaller bank specializing in Home Purchase and Refi loans. Dedicated Community Bank has a high proportion of conventional loans. Their top markets by origination volume include: Florence, Asheville, Charleston, Columbia, and Lumberton among others. We have data for 9 markets. (Some data included below & more in-depth data is available with an active subscription.)Dedicated 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
38Origination Dollar Volume (All Markets)
$4,560,000Top 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 |
|---|---|---|---|---|---|
| FLORENCE, SC (FHA|USDA|VA) | 28 | $2,660,000 | $95,000 | $0 | 0.00% |
| ASHEVILLE, NC (FHA|USDA|VA) | 1 | $1,055,000 | $1,055,000 | $0 | 0.00% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 2 | $250,000 | $125,000 | $0 | 0.00% |
| COLUMBIA, SC (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 0.00% |
| Lumberton, NC (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 0.00% |
| Outside of Metro Areas | 2 | $110,000 | $55,000 | $0 | 0.00% |
| Bennettsville, SC (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 0.00% |
| Georgetown, SC (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 0.00% |
| SUMTER, SC (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 0.00% |
Their top states include:
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 38 | $4,560,000 | $120,000 | $0 | 0.00% |
For 2023, Dedicated Community Bank's most frequently originated type of loan was Conventional, with 38 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 19 | $3,065,000 | $161,316 | $0 | 0.00% |
| Refi | 15 | $1,145,000 | $76,333 | $0 | 0.00% |
| Home Improvement | 4 | $350,000 | $87,500 | $0 | 0.00% |
For 2023, Dedicated Community Bank's most frequently cited loan purpose was Home Purchase, with 19 originations. The 2nd most popular reason was Refi, with 15 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 38 | $4,560,000 | $120,000 | $0 | 0.00% |
For 2023, Dedicated Community Bank's most frequently cited loan duration was Other, with 38 originations.
Loan Sizing
2023 saw Dedicated Community Bank place emphasis on $100,000 or less loans with 24 originations, totaling $1,470,000 in origination value.
Applicant Income
Dedicated Community Bank lent most frequently to those with incomes in the $50k-75k range, with 6 originations. The second most popular income band? $50k or less, with 6 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 38 | $4,560,000 | $120,000 | $0 | 0.00% |
Dedicated Community Bank lent most frequently to those with DTI ratios of Exempt%, with 38 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications100.00%
Dedicated 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 origination94.74%
Dedicated Community Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 38 | $4,560,000 | $120,000 |