Community Bank Of Mississippi Mortgage Rates, Fees & Info

Forest, MS

LEI: 5493005QK4NV0ZZ5EM64

Tax ID: 64-0154830

5 stars - Updated: 4/14/24 - out of 5 stars, based on 58 reviews

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

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Mortgage Data

Review & Overview

Community Bank Of Mississippi is a smaller bank specializing in Home Purchase and Refi loans. Community Bank Of Mississippi has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Jackson, Gulfport, Crestview, Daphne, and Laurel among others. We have data for 52 markets. (Some data included below & more in-depth data is available with an active subscription.)

Community Bank Of Mississippi 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. Community Bank Of Mississippi is typically an average fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have relatively high rates.

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.

Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
Home Equity Line of Credit (HELOC) 6.27% 4/14/24
30 Year Conventional Purchase 6.66% 4/14/24
30 Year Conventional Refi 6.61% 4/14/24
30 Year Cash-out Refi 6.85% 4/14/24
30 Year FHA Purchase 7.19% 4/14/24
30 Year FHA Refi 7.32% 4/14/24
30 Year VA Purchase 6.30% 4/14/24
30 Year VA Refi 6.20% 4/14/24
30 Year USDA Purchase 6.60% 4/14/24
15 Year Conventional Purchase 6.18% 4/14/24
15 Year Conventional Refi 6.29% 4/14/24
15 Year Cash-out Refi 6.29% 4/14/24
15 Year VA Refi 6.57% 4/14/24
These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

Community Bank Of Mississippi Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from Community Bank Of Mississippi. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

The default purchase price is the median sales price across the US for 2022Q4, per FRED.


Originations

3,405

Origination Dollar Volume (All Markets)

$624,635,000
Show all (11) awards

Relative Rate

Community Bank Of Mississippi's average 30 year fixed mortgage rate was 6.68%.

The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

This yields a difference of 0.2%.

Relative Fees (Closing Costs)

Community Bank Of Mississippi's average total fees/closing costs for a 30 year fixed rate mortgage were $5,587.

The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $9,089.

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
JACKSON, MS (FHA|USDA|VA) 735 $122,635,000 $166,850 $5,107 7.12%
GULFPORT-BILOXI, MS (FHA|USDA|VA) 373 $74,085,000 $198,619 $3,603 7.49%
Outside of Metro Areas 523 $54,565,000 $104,331 $2,532 8.11%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 105 $52,205,000 $497,190 $7,802 7.10%
DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 144 $47,100,000 $327,083 $4,468 6.87%
Laurel, MS (FHA|USDA|VA) 368 $42,740,000 $116,141 $2,585 8.37%
MEMPHIS, TN-MS-AR (FHA|USDA|VA) 211 $37,055,000 $175,616 $4,956 7.09%
BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 94 $29,250,000 $311,170 $4,752 6.71%
HATTIESBURG, MS (FHA|USDA|VA) 171 $27,705,000 $162,018 $3,888 7.75%
MOBILE, AL (FHA|USDA|VA) 130 $23,970,000 $184,385 $3,169 7.32%
Tupelo, MS (FHA|USDA|VA) 161 $21,085,000 $130,963 $2,786 7.39%
PANAMA CITY, FL (FHA|USDA|VA) 58 $19,050,000 $328,448 $8,179 7.04%
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 41 $18,255,000 $445,244 $5,982 7.37%
Meridian, MS (FHA|USDA|VA) 124 $17,510,000 $141,210 $2,824 7.71%
LaGrange, GA-AL (FHA|USDA|VA) 1 $6,625,000 $6,625,000 $0 6.80%
Indianola, MS (FHA|USDA|VA) 59 $4,235,000 $71,780 $2,281 8.03%
Starkville, MS (FHA|USDA|VA) 16 $4,040,000 $252,500 $4,360 7.27%
Oxford, MS (FHA|USDA|VA) 15 $3,485,000 $232,333 $3,789 6.87%
McComb, MS (FHA|USDA|VA) 6 $3,420,000 $570,000 $5,979 7.55%
Cullman, AL (FHA|USDA|VA) 2 $1,920,000 $960,000 $21,120 8.13%
TUSCALOOSA, AL (FHA|USDA|VA) 7 $1,475,000 $210,714 $1,555 7.47%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 2 $1,100,000 $550,000 $0 7.63%
Greenville, MS (FHA|USDA|VA) 8 $830,000 $103,750 $1,687 7.78%
HUNTSVILLE, AL (FHA|USDA|VA) 1 $775,000 $775,000 $14,580 7.25%
Forrest City, AR (FHA|USDA|VA) 1 $665,000 $665,000 $0 7.75%
NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 3 $625,000 $208,333 $6,740 6.55%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 1 $615,000 $615,000 $0 7.00%
Columbus, MS (FHA|USDA|VA) 6 $590,000 $98,333 $3,648 7.40%
SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) 3 $575,000 $191,667 $6,256 6.50%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 1 $565,000 $565,000 $3,117 7.25%
BATON ROUGE, LA (FHA|USDA|VA) 2 $560,000 $280,000 $5,074 7.18%
CINCINNATI, OH-KY-IN (FHA|USDA|VA) 1 $495,000 $495,000 $0 4.99%
Georgetown, SC (FHA|USDA|VA) 1 $495,000 $495,000 $25,277 6.13%
Clarksdale, MS (FHA|USDA|VA) 3 $495,000 $165,000 $2,928 7.63%
Vicksburg, MS (FHA|USDA|VA) 7 $495,000 $70,714 $3,379 7.03%
Picayune, MS (FHA|USDA|VA) 4 $460,000 $115,000 $5,856 6.41%
HOUMA-THIBODAUX, LA (FHA|USDA|VA) 1 $385,000 $385,000 $6,901 7.75%
CHATTANOOGA, TN-GA (FHA|USDA|VA) 1 $305,000 $305,000 $0 9.00%
LAFAYETTE, LA (FHA|USDA|VA) 1 $275,000 $275,000 $4,276 6.75%
Cleveland, MS (FHA|USDA|VA) 1 $255,000 $255,000 $5,390 6.00%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 1 $225,000 $225,000 $2,297 7.25%
MONTGOMERY, AL (FHA|USDA|VA) 1 $175,000 $175,000 $0 4.99%
TALLAHASSEE, FL (FHA|USDA|VA) 1 $175,000 $175,000 $4,761 6.90%
GAINESVILLE, FL (FHA|USDA|VA) 1 $155,000 $155,000 $5,553 6.38%
Talladega-Sylacauga, AL (FHA|USDA|VA) 1 $155,000 $155,000 $0 5.99%
Selma, AL (FHA|USDA|VA) 1 $155,000 $155,000 $0 9.05%
Sevierville, TN (FHA|USDA|VA) 1 $145,000 $145,000 $3,360 6.88%
Grenada, MS (FHA|USDA|VA) 1 $135,000 $135,000 $2,316 7.80%
ANNISTON-OXFORD, AL (FHA|USDA|VA) 1 $105,000 $105,000 $0 7.05%
FLORENCE-MUSCLE SHOALS, AL (FHA|USDA|VA) 1 $105,000 $105,000 $0 5.99%
Corinth, MS (FHA|USDA|VA) 2 $70,000 $35,000 $1,338 8.73%
West Point, MS (FHA|USDA|VA) 1 $65,000 $65,000 $286 5.15%
Community Bank Of Mississippi's top markets include Jackson, Gulfport, Crestview, Daphne, and Laurel among others.

Their top states include:
  • Mississippi (FHA|USDA|VA)
  • Alabama (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Tennessee (FHA|USDA|VA)
  • Georgia (FHA|USDA|VA)
  • Similar Lenders

    We use machine learning to identify the top lenders compared against Community Bank of Mississippi based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    Eglin Federal Credit Union
    Similarity Rank: 74
    MORTGAGE ONE OF THE SOUTH, INC.
    Similarity Rank: 93
    NAVIGATOR CU
    Similarity Rank: 203
    New Horizons Credit Union
    Similarity Rank: 252
    First Citizens National Bank
    Similarity Rank: 288
    Liberty Mortgage Corporation
    Similarity Rank: 348
    Mutual Savings Credit Union
    Similarity Rank: 360
    Orion Federal Credit Union
    Similarity Rank: 420
    ALABAMA CREDIT UNION
    Similarity Rank: 518

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 2,395 $447,155,000 $186,704 $3,274 7.97%
    HELOC 797 $125,745,000 $157,773 n/a 6.42%
    FHA 147 $33,225,000 $226,020 $8,182 6.62%
    USDA 36 $6,930,000 $192,500 $5,133 6.41%
    VA 30 $11,580,000 $386,000 $9,018 6.62%

    For 2023, Community Bank Of Mississippi's most frequently originated type of loan was Conventional, with 2,395 originations. Their 2nd most popular type was HELOC, with 797 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 1,449 $372,555,000 $257,112 $5,145 7.16%
    Refi 1,154 $171,090,000 $148,258 $1,971 8.29%
    Other 411 $43,255,000 $105,243 $2,015 6.63%
    Home Improvement 370 $33,570,000 $90,730 $1,519 7.54%
    Cash Out Refi 21 $4,165,000 $198,333 $7,036 6.61%

    For 2023, Community Bank Of Mississippi's most frequently cited loan purpose was Home Purchase, with 1,449 originations. The 2nd most popular reason was Refi, with 1,154 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 1,069 $194,015,000 $181,492 $2,193 8.10%
    30 Year 619 $181,825,000 $293,740 $5,587 6.68%
    10 Year 492 $63,020,000 $128,089 $2,318 5.30%
    5 Year 440 $35,770,000 $81,295 $1,222 8.83%
    1 Year 339 $65,845,000 $194,233 $3,573 8.37%
    3 Year 185 $22,525,000 $121,757 $677 8.69%
    30+ year 168 $43,680,000 $260,000 $6,502 6.88%
    15 Year 62 $9,640,000 $155,484 $3,400 7.51%
    20 Year 31 $8,315,000 $268,226 $4,309 7.61%

    For 2023, Community Bank Of Mississippi's most frequently cited loan duration was Other, with 1,069 originations. The 2nd most popular length was 30 Year, with 619 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 649 $100,215,000 $154,414
    $1k-2k 520 $93,130,000 $179,096
    $2k-3k 173 $36,985,000 $213,786
    $3k-4k 131 $36,855,000 $281,336
    $5k+ 107 $58,325,000 $545,093
    $4k-5k 63 $23,035,000 $365,635

    Community Bank Of Mississippi's average total fees were $5,587, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 649 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    Over 8% 1,408 $154,610,000 $109,808
    7-8% 718 $188,760,000 $262,897
    6-7% 601 $164,055,000 $272,970
    4-5% 375 $55,675,000 $148,467
    5-6% 243 $49,885,000 $205,288
    <2.5% 45 $225,000 $5,000
    3-4% 14 $11,420,000 $815,714

    During 2023, Community Bank Of Mississippi's average interest rate for loans was 6.68%, while their most frequently originated rate bucket for loans was Over 8%, with 1,408 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 1,562 $73,340,000 $46,953 $1,521 7.90%
    $100k-200k 826 $116,110,000 $140,569 $3,781 7.38%
    $200k-400k 701 $198,865,000 $283,688 $5,449 7.11%
    $400k-600k 188 $89,030,000 $473,564 $6,424 6.85%
    $600k-1MM 90 $65,470,000 $727,444 $7,191 6.92%
    $1MM+ 38 $81,820,000 $2,153,158 $10,375 6.95%

    2023 saw Community Bank Of Mississippi place emphasis on $100,000 or less loans with 1,562 originations, totaling $73,340,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 588 $94,930,000 $161,446 $4,066 7.29%
    $50k-75k 499 $50,245,000 $100,691 $3,468 7.17%
    $150k-250k 463 $108,835,000 $235,065 $4,751 7.06%
    $75k-100k 431 $58,705,000 $136,206 $3,472 7.63%
    $50k or less 333 $22,635,000 $67,973 $2,353 7.77%
    $250k+ 322 $124,420,000 $386,398 $5,819 7.07%

    Community Bank Of Mississippi lent most frequently to those with incomes in the $100k-150k range, with 588 originations. The second most popular income band? $50k-75k, with 499 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 511 $85,715,000 $167,740 $3,222 7.29%
    30-36% 454 $81,570,000 $179,670 $3,564 7.06%
    <20% 257 $50,685,000 $197,218 $3,194 7.09%
    36% 103 $17,845,000 $173,252 $3,833 7.03%
    42% 102 $21,160,000 $207,451 $4,521 6.76%
    39% 102 $19,920,000 $195,294 $3,953 6.85%
    41% 101 $19,085,000 $188,960 $4,127 7.20%
    40% 94 $15,560,000 $165,532 $3,436 7.20%
    50-60% 90 $19,430,000 $215,889 $6,745 6.74%
    37% 85 $16,255,000 $191,235 $3,729 7.03%
    38% 78 $11,610,000 $148,846 $3,272 7.06%
    43% 53 $10,655,000 $201,038 $4,679 6.98%
    44% 33 $7,405,000 $224,394 $4,004 7.00%
    45% 32 $6,580,000 $205,625 $5,232 6.78%
    46% 32 $6,070,000 $189,688 $5,077 6.29%
    >60% 30 $5,180,000 $172,667 $2,739 8.67%
    48% 27 $6,725,000 $249,074 $5,458 7.27%
    49% 26 $6,870,000 $264,231 $6,752 6.68%
    47% 24 $6,420,000 $267,500 $5,222 7.11%

    Community Bank Of Mississippi lent most frequently to those with DTI ratios of 20-30%, with 511 originations. The next most common DTI ratio? 30-36%, with 454 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 2,194 $400,760,000 $182,662 $3,812 7.28%
    Not applicable 701 $154,275,000 $220,078 $5,475 8.32%
    Black 432 $47,770,000 $110,579 $3,675 7.47%
    Asian 41 $11,345,000 $276,707 $4,637 7.03%
    Not provided 31 $9,355,000 $301,774 $6,687 7.15%
    Other Asian 2 $590,000 $295,000 $5,557 7.13%
    American Indian 3 $435,000 $145,000 $7,429 8.10%
    Native Hawaiian or Islander 1 $105,000 $105,000 $3,095 8.75%

    Approval Rates

    Total approvals of all applications
    93.82%

    Community Bank Of Mississippi has an average approval rate.

    Pick Rate

    Approvals leading to origination
    78.91%

    Community Bank Of Mississippi has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    105.0 3 $15,000 $5,000
    150.0 1 $25,000 $25,000
    175.0 1 $25,000 $25,000
    183.0 1 $5,000 $5,000
    200.0 1 $15,000 $15,000
    238.0 2 $40,000 $20,000
    238.79 1 $5,000 $5,000
    248.0 1 $5,000 $5,000
    263.0 1 $15,000 $15,000
    268.0 1 $5,000 $5,000
    271.0 1 $15,000 $15,000
    287.71 1 $5,000 $5,000
    295.0 1 $15,000 $15,000
    300.0 1 $15,000 $15,000
    305.0 1 $15,000 $15,000
    315.0 1 $15,000 $15,000
    376.0 1 $25,000 $25,000
    383.0 2 $30,000 $15,000
    388.0 1 $15,000 $15,000
    390.0 1 $25,000 $25,000
    398.0 1 $15,000 $15,000
    463.0 1 $25,000 $25,000
    515.7 1 $35,000 $35,000
    530.0 1 $35,000 $35,000
    585.0 1 $45,000 $45,000
    671.17 1 $35,000 $35,000
    795.25 1 $35,000 $35,000
    88.0 2 $50,000 $25,000
    NA 3,372 $624,030,000 $185,062

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    3,405 $624,635,000 $183,446

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 581 $68,465,000 $117,840 $1,979 7.43%
    40-60% 524 $94,800,000 $180,916 $2,809 7.94%
    60-80% 827 $220,285,000 $266,366 $4,121 7.80%
    80-100% 899 $209,635,000 $233,187 $5,149 7.51%
    Over 100% 15 $4,475,000 $298,333 $8,484 7.47%
    Under 20% 559 $26,975,000 $48,256 $1,386 6.80%