Dedicated Community Bank Mortgage Rates, Fees & Info
Darlington, SCLEI: 5493002Q3RPRW6RCXC39
Tax ID: 57-0805621
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Mortgage Data
Review & Overview
Dedicated Community Bank is a smaller bank specializing in Refi and Home Purchase loans. Dedicated Community Bank has a high proportion of conventional loans. Their top two markets are Florence and Charleston .Dedicated Community Bank has an average approval rate when compared to the average across all lenders. They have an average pick rate when compared to similar lenders.
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Originations
32Origination Dollar Volume (All Markets)
$2,940,000Top 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) | 30 | $2,320,000 | $77,333 | $0 | 0.00% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 1 | $615,000 | $615,000 | $0 | 0.00% |
| Outside of Metro Areas | 1 | $5,000 | $5,000 | $0 | 0.00% |
Their top states include:
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 32 | $2,940,000 | $91,875 | $0 | 0.00% |
For 2018, Dedicated Community Bank's most frequently originated type of loan was Conventional, with 32 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Refi | 24 | $2,150,000 | $89,583 | $0 | 0.00% |
| Home Purchase | 6 | $660,000 | $110,000 | $0 | 0.00% |
| Home Improvement | 2 | $130,000 | $65,000 | $0 | 0.00% |
For 2018, Dedicated Community Bank's most frequently cited loan purpose was Refi, with 24 originations. The 2nd most popular reason was Home Purchase, with 6 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 32 | $2,940,000 | $91,875 | $0 | 0.00% |
For 2018, Dedicated Community Bank's most frequently cited loan duration was Other, with 32 originations.
Loan Sizing
2018 saw Dedicated Community Bank place emphasis on $100,000 or less loans with 22 originations, totaling $1,170,000 in origination value.
Applicant Income
Dedicated Community Bank lent most frequently to those with incomes in the $50k-75k range, with 8 originations. The second most popular income band? $50k or less, with 7 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 32 | $2,940,000 | $91,875 | $0 | 0.00% |
Dedicated Community Bank lent most frequently to those with DTI ratios of Exempt%, with 32 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 25 | $2,525,000 | $101,000 | $0 | 0.00% |
| Not applicable | 5 | $375,000 | $75,000 | $0 | 0.00% |
| Black | 2 | $40,000 | $20,000 | $0 | 0.00% |
Approval Rates
Total approvals of all applications89.74%
Dedicated Community Bank has an average approval rate.
Pick Rate
Approvals leading to origination90.63%
Dedicated Community Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 32 | $2,940,000 | $91,875 |