Community First Bank Mortgage Rates, Fees & Info
Kennewick, WALEI: 5493005F145IP6JL7314
Tax ID: 91-1873460
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Community First Bank is a smaller bank specializing in Home Purchase loans. Community First Bank has a high proportion of conventional loans. They have an average proportion of FHA loans. Their top markets by origination volume include: Kennewick, Moses Lake, Walla Walla, Morehead City, and Sacramento among others. We have data for 9 markets. (Some data included below & more in-depth data is available with an active subscription.)Community First Bank has an above 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
78Origination Dollar Volume (All Markets)
$33,000,000Top 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 |
|---|---|---|---|---|---|
| KENNEWICK-RICHLAND, WA (FHA|USDA|VA) | 59 | $25,225,000 | $427,542 | $0 | 0.00% |
| Moses Lake, WA (FHA|USDA|VA) | 8 | $2,500,000 | $312,500 | $0 | 0.00% |
| WALLA WALLA, WA (FHA|USDA|VA) | 5 | $1,615,000 | $323,000 | $0 | 0.00% |
| Morehead City, NC (FHA|USDA|VA) | 1 | $1,055,000 | $1,055,000 | $0 | 0.00% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 1 | $985,000 | $985,000 | $0 | 0.00% |
| RENO, NV (FHA|USDA|VA) | 1 | $565,000 | $565,000 | $0 | 0.00% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 1 | $515,000 | $515,000 | $0 | 0.00% |
| Hermiston-Pendleton, OR (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $0 | 0.00% |
| Ontario, OR-ID (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 69 | $29,865,000 | $432,826 | $0 | 0.00% |
| FHA | 9 | $3,135,000 | $348,333 | $0 | 0.00% |
For 2023, Community First Bank's most frequently originated type of loan was Conventional, with 69 originations. Their 2nd most popular type was FHA, with 9 originations.
Loan Reason
For 2023, Community First Bank's most frequently cited loan purpose was Home Purchase, with 61 originations. The 2nd most popular reason was Cash Out Refi, with 6 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 78 | $33,000,000 | $423,077 | $0 | 0.00% |
For 2023, Community First Bank's most frequently cited loan duration was Other, with 78 originations.
Loan Sizing
2023 saw Community First Bank place emphasis on $200k-400k loans with 36 originations, totaling $11,450,000 in origination value.
Applicant Income
Community First Bank lent most frequently to those with incomes in the $100k-150k range, with 19 originations. The second most popular income band? $150k-250k, with 19 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 78 | $33,000,000 | $423,077 | $0 | 0.00% |
Community First Bank lent most frequently to those with DTI ratios of Exempt%, with 78 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications96.46%
Community First Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination60.26%
Community First Bank has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 78 | $33,000,000 | $423,077 |