Greater Community Bank Mortgage Rates, Fees & Info
Rome, GALEI: 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
57Origination Dollar Volume (All Markets)
$12,555,000Top 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 |
|---|---|---|---|---|---|
| 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% |
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
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
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
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
Approval Rates
Total approvals of all applications86.30%
Greater Community Bank has an average approval rate.
Pick Rate
Approvals leading to origination89.47%
Greater Community Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 57 | $12,555,000 | $220,263 |