Dedicated Community Bank Mortgage Rates, Fees & Info

Darlington, SC

LEI: 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

38

Origination Dollar Volume (All Markets)

$4,560,000

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
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%
Dedicated Community Bank's top markets include Florence, Asheville, Charleston, Columbia, and Lumberton among others.

Their top states include:
  • South Carolina (FHA|USDA|VA)
  • North Carolina (FHA|USDA|VA)
  • 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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 24 $1,470,000 $61,250 $0 0.00%
    $100k-200k 12 $1,620,000 $135,000 $0 0.00%
    $1MM+ 1 $1,055,000 $1,055,000 $0 0.00%
    $400k-600k 1 $415,000 $415,000 $0 0.00%

    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

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 6 $490,000 $81,667 $0 0.00%
    $50k or less 6 $360,000 $60,000 $0 0.00%
    $75k-100k 4 $270,000 $67,500 $0 0.00%
    $150k-250k 2 $190,000 $95,000 $0 0.00%
    $100k-150k 1 $415,000 $415,000 $0 0.00%

    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

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 19 $2,835,000 $149,211 $0 0.00%
    White 13 $1,255,000 $96,538 $0 0.00%
    Black 5 $385,000 $77,000 $0 0.00%
    Asian 1 $85,000 $85,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    100.00%

    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 origination
    94.74%

    Dedicated Community Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 38 $4,560,000 $120,000

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    38 $4,560,000 $120,000