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. Their top markets by origination volume include: Kennewick, Spokane, Walla Walla, Ellensburg, and Bellingham among others. We have data for 7 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
65Origination Dollar Volume (All Markets)
$27,525,000Top 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) | 58 | $23,160,000 | $399,310 | $0 | 0.00% |
| SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) | 2 | $1,010,000 | $505,000 | $0 | 0.00% |
| WALLA WALLA, WA (FHA|USDA|VA) | 1 | $935,000 | $935,000 | $0 | 0.00% |
| Ellensburg, WA (FHA|USDA|VA) | 1 | $925,000 | $925,000 | $0 | 0.00% |
| BELLINGHAM, WA (FHA|USDA|VA) | 1 | $545,000 | $545,000 | $0 | 0.00% |
| Centralia, WA (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $0 | 0.00% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 65 | $27,525,000 | $423,462 | $0 | 0.00% |
For 2022, Community First Bank's most frequently originated type of loan was Conventional, with 65 originations.
Loan Reason
For 2022, Community First Bank's most frequently cited loan purpose was Home Purchase, with 51 originations. The 2nd most popular reason was Cash Out Refi, with 7 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 65 | $27,525,000 | $423,462 | $0 | 0.00% |
For 2022, Community First Bank's most frequently cited loan duration was Other, with 65 originations.
Loan Sizing
2022 saw Community First Bank place emphasis on $200k-400k loans with 26 originations, totaling $7,330,000 in origination value.
Applicant Income
Community First Bank lent most frequently to those with incomes in the $250k+ range, with 16 originations. The second most popular income band? $150k-250k, with 15 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 65 | $27,525,000 | $423,462 | $0 | 0.00% |
Community First Bank lent most frequently to those with DTI ratios of Exempt%, with 65 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 54 | $20,750,000 | $384,259 | $0 | 0.00% |
| Not applicable | 11 | $6,775,000 | $615,909 | $0 | 0.00% |
Approval Rates
Total approvals of all applications97.83%
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 origination-210.77%
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 | 65 | $27,525,000 | $423,462 |
Complaints
| Bank Name | Product | Issue | 2022 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| Community Loan Servicing, LLC (formerly known as Bayview Loan Servicing, LLC) | FHA mortgage | Struggling to pay mortgage | 2 | 66.7% |
| Community Loan Servicing, LLC (formerly known as Bayview Loan Servicing, LLC) | Other type of mortgage | Trouble during payment process | 1 | 33.3% |