Greater Community Bank Mortgage Rates, Fees & Info

Rome, GA

LEI: 5493003ZQXBSRU5RO172

Tax ID: 58-2207414

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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: Atlanta, Calhoun, Rome, Cedartown, and Fort Payne among others. We have data for 6 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.

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Originations

57

Origination Dollar Volume (All Markets)

$12,555,000

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
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 4 $5,380,000 $1,345,000 $0 0.00%
Calhoun, GA (FHA|USDA|VA) 9 $3,045,000 $338,333 $0 0.00%
ROME, GA (FHA|USDA|VA) 28 $2,550,000 $91,071 $0 0.00%
Cedartown, GA (FHA|USDA|VA) 13 $1,115,000 $85,769 $0 0.00%
Outside of Metro Areas 2 $330,000 $165,000 $0 0.00%
Fort Payne, AL (FHA|USDA|VA) 1 $135,000 $135,000 $0 0.00%
Greater Community Bank's top markets include Atlanta, Calhoun, Rome, Cedartown, and Fort Payne among others.

Their top states include:
  • Georgia (FHA|USDA|VA)
  • Alabama (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 57 $12,555,000 $220,263 $0 0.00%

    For 2018, Greater Community Bank's most frequently originated type of loan was Conventional, with 57 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 27 $8,105,000 $300,185 $0 0.00%
    Refi 27 $3,685,000 $136,481 $0 0.00%
    Home Improvement 2 $630,000 $315,000 $0 0.00%
    Other 1 $135,000 $135,000 $0 0.00%

    For 2018, Greater Community Bank's most frequently cited loan purpose was Home Purchase, with 27 originations. The 2nd most popular reason was Refi, with 27 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 57 $12,555,000 $220,263 $0 0.00%

    For 2018, Greater Community Bank's most frequently cited loan duration was Other, with 57 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 35 $1,775,000 $50,714 $0 0.00%
    $100k-200k 9 $1,155,000 $128,333 $0 0.00%
    $200k-400k 7 $1,895,000 $270,714 $0 0.00%
    $1MM+ 3 $5,905,000 $1,968,333 $0 0.00%
    $600k-1MM 2 $1,310,000 $655,000 $0 0.00%
    $400k-600k 1 $515,000 $515,000 $0 0.00%

    2018 saw Greater Community Bank place emphasis on $100,000 or less loans with 35 originations, totaling $1,775,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 8 $530,000 $66,250 $0 0.00%
    $250k+ 7 $835,000 $119,286 $0 0.00%
    $50k-75k 5 $395,000 $79,000 $0 0.00%
    $150k-250k 4 $840,000 $210,000 $0 0.00%
    $50k or less 3 $185,000 $61,667 $0 0.00%
    $75k-100k 3 $115,000 $38,333 $0 0.00%

    Greater Community Bank lent most frequently to those with incomes in the $100k-150k range, with 8 originations. The second most popular income band? $250k+, with 7 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 57 $12,555,000 $220,263 $0 0.00%

    Greater Community Bank lent most frequently to those with DTI ratios of Exempt%, with 57 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 27 $9,655,000 $357,593 $0 0.00%
    White 27 $2,225,000 $82,407 $0 0.00%
    Asian 1 $655,000 $655,000 $0 0.00%
    Black 2 $20,000 $10,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    86.30%

    Greater Community Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    89.47%

    Greater Community Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 57 $12,555,000 $220,263

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 11 $8,365,000 $760,455
    Single Family (1-4 Units):Manufactured 4 $170,000 $42,500
    Single Family (1-4 Units):Site-Built 42 $4,020,000 $95,714