Community Bank Mortgage Rates, Fees & Info

BRISTOW, OK

LEI: 54930056PR716B2KIG98

Tax ID: 73-0193350

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Community Bank is a smaller bank specializing in Home Purchase and Refi loans. Community Bank has a high proportion of conventional loans. Their top two markets are Tulsa and Oklahoma City .

    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.

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    Originations

    62

    Origination Dollar Volume (All Markets)

    $7,190,000

    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
    TULSA, OK (FHA|USDA|VA) 58 $6,740,000 $116,207 $0 0.00%
    OKLAHOMA CITY, OK (FHA|USDA|VA) 3 $305,000 $101,667 $0 0.00%
    Outside of Metro Areas 1 $145,000 $145,000 $0 0.00%
    Community Bank's top markets include Tulsa and Oklahoma City among others.

    Their top states include:
  • Oklahoma (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 62 $7,190,000 $115,968 $0 0.00%

    For 2019, Community Bank's most frequently originated type of loan was Conventional, with 62 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 36 $3,630,000 $100,833 $0 0.00%
    Refi 19 $3,255,000 $171,316 $0 0.00%
    Home Improvement 6 $270,000 $45,000 $0 0.00%
    Other 1 $35,000 $35,000 $0 0.00%

    For 2019, Community Bank's most frequently cited loan purpose was Home Purchase, with 36 originations. The 2nd most popular reason was Refi, with 19 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 62 $7,190,000 $115,968 $0 0.00%

    For 2019, Community Bank's most frequently cited loan duration was Other, with 62 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 37 $1,905,000 $51,486 $0 0.00%
    $100k-200k 16 $2,110,000 $131,875 $0 0.00%
    $200k-400k 8 $1,830,000 $228,750 $0 0.00%
    $1MM+ 1 $1,345,000 $1,345,000 $0 0.00%

    2019 saw Community Bank place emphasis on $100,000 or less loans with 37 originations, totaling $1,905,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 16 $2,080,000 $130,000 $0 0.00%
    $50k-75k 15 $1,115,000 $74,333 $0 0.00%
    $50k or less 10 $690,000 $69,000 $0 0.00%
    $150k-250k 5 $545,000 $109,000 $0 0.00%
    $75k-100k 3 $285,000 $95,000 $0 0.00%
    $250k+ 2 $1,390,000 $695,000 $0 0.00%

    Community Bank lent most frequently to those with incomes in the $100k-150k range, with 16 originations. The second most popular income band? $50k-75k, with 15 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 62 $7,190,000 $115,968 $0 0.00%

    Community Bank lent most frequently to those with DTI ratios of Exempt%, with 62 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 42 $5,430,000 $129,286 $0 0.00%
    American Indian 10 $840,000 $84,000 $0 0.00%
    Not applicable 9 $805,000 $89,444 $0 0.00%
    Native Hawaiian or Islander 1 $115,000 $115,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    86.21%

    Community Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    79.03%

    Community Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 62 $7,190,000 $115,968

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 14 $1,010,000 $72,143
    Single Family (1-4 Units):Site-Built 48 $6,180,000 $128,750

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    COMMUNITY BANK SYSTEM, INC. Conventional home mortgage Closing on a mortgage 1 20.0%
    COMMUNITY BANK SYSTEM, INC. Conventional home mortgage Trouble during payment process 3 60.0%
    COMMUNITY BANK SYSTEM, INC. Home equity loan or line of credit (HELOC) Closing on a mortgage 1 20.0%