Greater Community Bank Mortgage Rates, Fees & Info
Rome, GALEI: 5493003ZQXBSRU5RO172
Tax ID: 58-2207414
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage Data
Review & Overview
Greater Community Bank is a smaller bank specializing in Home Purchase and Refi loans. Greater Community Bank has a high proportion of conventional loans. Their top markets by origination volume include: Miami, Rome, Atlanta, Calhoun, and Jacksonville among others. We have data for 8 markets. (Some data included below & more in-depth data is available with an active subscription.)Greater Community Bank has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.
We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.
Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.
Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.
Originations
21Origination Dollar Volume (All Markets)
$9,655,000Top 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 |
|---|---|---|---|---|---|
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 1 | $3,685,000 | $3,685,000 | $0 | 0.00% |
| ROME, GA (FHA|USDA|VA) | 12 | $2,970,000 | $247,500 | $0 | 0.00% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 1 | $1,035,000 | $1,035,000 | $0 | 0.00% |
| Calhoun, GA (FHA|USDA|VA) | 3 | $745,000 | $248,333 | $0 | 0.00% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 1 | $495,000 | $495,000 | $0 | 0.00% |
| PANAMA CITY, FL (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $0 | 0.00% |
| DALTON, GA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 0.00% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 21 | $9,655,000 | $459,762 | $0 | 0.00% |
For 2023, Greater Community Bank's most frequently originated type of loan was Conventional, with 21 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 15 | $7,635,000 | $509,000 | $0 | 0.00% |
| Refi | 6 | $2,020,000 | $336,667 | $0 | 0.00% |
For 2023, Greater Community Bank's most frequently cited loan purpose was Home Purchase, with 15 originations. The 2nd most popular reason was Refi, with 6 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 21 | $9,655,000 | $459,762 | $0 | 0.00% |
For 2023, Greater Community Bank's most frequently cited loan duration was Other, with 21 originations.
Loan Sizing
2023 saw Greater Community Bank place emphasis on $100,000 or less loans with 7 originations, totaling $465,000 in origination value.
Applicant Income
Greater Community Bank lent most frequently to those with incomes in the $100k-150k range, with 4 originations. The second most popular income band? $150k-250k, with 3 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 21 | $9,655,000 | $459,762 | $0 | 0.00% |
Greater Community Bank lent most frequently to those with DTI ratios of Exempt%, with 21 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications80.65%
Greater Community Bank has a below average approval rate.
Pick Rate
Approvals leading to origination80.95%
Greater Community Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 21 | $9,655,000 | $459,762 |