Community Bank Of Mississippi Mortgage Rates, Fees & Info
Forest, MSLEI: 5493005QK4NV0ZZ5EM64
Tax ID: 64-0154830
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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, Laurel, and Daphne among others. We have data for 50 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 a low 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 about average 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 6.72% | 4/5/25 |
| 30 Year Conventional Purchase | 7.27% | 4/5/25 |
| 30 Year Conventional Refi | 7.43% | 4/5/25 |
| 30 Year Cash-out Refi | 7.23% | 4/5/25 |
| 30 Year FHA Purchase | 6.95% | 4/5/25 |
| 30 Year FHA Refi | 6.69% | 4/5/25 |
| 30 Year VA Purchase | 6.48% | 4/5/25 |
| 30 Year USDA Purchase | 6.73% | 4/5/25 |
| 15 Year Conventional Purchase | 4.22% | 4/5/25 |
| 15 Year Conventional Refi | 7.04% | 4/5/25 |
| 15 Year Cash-out Refi | 7.04% | 4/5/25 |
| 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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
3,490Origination Dollar Volume (All Markets)
$635,870,000Awards
Community Bank of Mississippi - 2024
Community Bank of Mississippi is a 2024 , due to their low .
For 2024, less than of lenders were eligible for this award.
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Relative Rate
Community Bank Of Mississippi's average 30 year fixed mortgage rate was
6.48%.
The 2024 average 30 year fixed rate mortgage across all markets and lenders was 6.55%.
This yields a difference of -0.07%.
Relative Fees (Closing Costs)
Community Bank Of Mississippi's average total fees/closing costs for a 30 year fixed rate
mortgage were $5,702.
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 $8,356.
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) | 750 | $121,460,000 | $161,947 | $5,456 | 7.51% |
| GULFPORT-BILOXI, MS (FHA|USDA|VA) | 408 | $79,990,000 | $196,054 | $3,670 | 8.01% |
| Outside of Metro Areas | 503 | $57,955,000 | $115,219 | $2,742 | 8.66% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 109 | $50,125,000 | $459,862 | $9,184 | 7.38% |
| Laurel, MS (FHA|USDA|VA) | 397 | $49,215,000 | $123,967 | $2,834 | 8.48% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 156 | $43,060,000 | $276,026 | $5,379 | 7.63% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 117 | $38,135,000 | $325,940 | $3,281 | 7.93% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 224 | $34,360,000 | $153,393 | $4,745 | 7.66% |
| HATTIESBURG, MS (FHA|USDA|VA) | 179 | $32,725,000 | $182,821 | $3,780 | 8.22% |
| MOBILE, AL (FHA|USDA|VA) | 140 | $24,950,000 | $178,214 | $4,317 | 8.07% |
| PANAMA CITY, FL (FHA|USDA|VA) | 66 | $20,000,000 | $303,030 | $6,936 | 7.53% |
| Tupelo, MS (FHA|USDA|VA) | 133 | $17,735,000 | $133,346 | $3,568 | 7.67% |
| Meridian, MS (FHA|USDA|VA) | 111 | $13,785,000 | $124,189 | $3,511 | 7.76% |
| ANNISTON-OXFORD, AL (FHA|USDA|VA) | 2 | $11,720,000 | $5,860,000 | $0 | 7.37% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 33 | $9,445,000 | $286,212 | $5,556 | 7.45% |
| HUNTSVILLE, AL (FHA|USDA|VA) | 2 | $7,490,000 | $3,745,000 | $0 | 7.50% |
| Indianola, MS (FHA|USDA|VA) | 67 | $4,785,000 | $71,418 | $2,277 | 8.39% |
| Starkville, MS (FHA|USDA|VA) | 17 | $3,735,000 | $219,706 | $2,019 | 7.68% |
| Oxford, MS (FHA|USDA|VA) | 15 | $3,385,000 | $225,667 | $4,570 | 8.16% |
| TUSCALOOSA, AL (FHA|USDA|VA) | 6 | $1,400,000 | $233,333 | $3,378 | 8.06% |
| Talladega-Sylacauga, AL (FHA|USDA|VA) | 3 | $845,000 | $281,667 | $943 | 7.16% |
| AUBURN-OPELIKA, AL (FHA|USDA|VA) | 3 | $685,000 | $228,333 | $6,045 | 8.55% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 1 | $555,000 | $555,000 | $0 | 8.75% |
| SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) | 3 | $525,000 | $175,000 | $2,986 | 6.96% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 2 | $510,000 | $255,000 | $7,481 | 6.87% |
| Cleveland, MS (FHA|USDA|VA) | 4 | $490,000 | $122,500 | $3,782 | 7.98% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $0 | 5.99% |
| CLARKSVILLE, TN-KY (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $13,410 | 6.75% |
| Greenwood, MS (FHA|USDA|VA) | 3 | $415,000 | $138,333 | $3,867 | 8.51% |
| DAYTON-KETTERING, OH (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $2,498 | 7.65% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $10,891 | 7.00% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $8,515 | 5.88% |
| KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $4,861 | 6.88% |
| McComb, MS (FHA|USDA|VA) | 3 | $375,000 | $125,000 | $7,535 | 4.13% |
| JACKSON, TN (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $0 | 8.00% |
| HOT SPRINGS, AR (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $0 | 7.00% |
| West Point, MS (FHA|USDA|VA) | 2 | $310,000 | $155,000 | $0 | 8.95% |
| COLUMBUS, GA-AL (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $6,949 | 5.75% |
| Columbus, MS (FHA|USDA|VA) | 3 | $305,000 | $101,667 | $1,676 | 8.63% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $0 | 8.75% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $8,968 | 6.75% |
| Vicksburg, MS (FHA|USDA|VA) | 3 | $235,000 | $78,333 | $0 | 7.08% |
| Malvern, AR (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $7,535 | 6.50% |
| Greenville, MS (FHA|USDA|VA) | 5 | $195,000 | $39,000 | $152 | 7.07% |
| EL PASO, TX (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $4,501 | 8.50% |
| TALLAHASSEE, FL (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $4,940 | 7.50% |
| Brookhaven, MS (FHA|USDA|VA) | 2 | $170,000 | $85,000 | $7,674 | 3.25% |
| Grenada, MS (FHA|USDA|VA) | 2 | $100,000 | $50,000 | $0 | 6.99% |
| Corinth, MS (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $1,762 | 8.65% |
| VALDOSTA, GA (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 7.80% |
Similar Lenders
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Product Mix
For 2024, Community Bank Of Mississippi's most frequently originated type of loan was Conventional, with 2,410 originations. Their 2nd most popular type was HELOC, with 824 originations.
Loan Reason
For 2024, Community Bank Of Mississippi's most frequently cited loan purpose was Home Purchase, with 1,452 originations. The 2nd most popular reason was Refi, with 1,263 originations.
Loan Duration/Length
For 2024, Community Bank Of Mississippi's most frequently cited loan duration was Other, with 1,083 originations. The 2nd most popular length was 30 Year, with 552 originations.
Origination Fees/Closing Costs
Community Bank Of Mississippi's average total fees were $5,702, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 570 originations.
Interest Rates
During 2024, Community Bank Of Mississippi's average interest rate for loans was 6.48%, while their most frequently originated rate bucket for loans was Over 8%, with 1,791 originations.
Loan Sizing
2024 saw Community Bank Of Mississippi place emphasis on $100,000 or less loans with 1,579 originations, totaling $73,165,000 in origination value.
Applicant Income
Community Bank Of Mississippi lent most frequently to those with incomes in the $100k-150k range, with 583 originations. The second most popular income band? $150k-250k, with 499 originations.
Applicant Debt to Income Ratio
Community Bank Of Mississippi lent most frequently to those with DTI ratios of 20-30%, with 493 originations. The next most common DTI ratio? 30-36%, with 450 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications92.72%
Community Bank Of Mississippi has an average approval rate.
Pick Rate
Approvals leading to origination80.34%
Community Bank Of Mississippi has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| 0.0 | 1 | $15,000 | $15,000 |
| 104.0 | 1 | $5,000 | $5,000 |
| 150.0 | 3 | $55,000 | $18,333 |
| 205.0 | 1 | $5,000 | $5,000 |
| 238.0 | 1 | $5,000 | $5,000 |
| 264.78 | 1 | $15,000 | $15,000 |
| 275.0 | 2 | $50,000 | $25,000 |
| 276.0 | 1 | $15,000 | $15,000 |
| 290.0 | 1 | $15,000 | $15,000 |
| 300.0 | 1 | $15,000 | $15,000 |
| 320.0 | 1 | $15,000 | $15,000 |
| 340.0 | 1 | $15,000 | $15,000 |
| 350.0 | 2 | $50,000 | $25,000 |
| 423.0 | 1 | $15,000 | $15,000 |
| 443.0 | 1 | $25,000 | $25,000 |
| 457.25 | 1 | $475,000 | $475,000 |
| 459.23 | 1 | $35,000 | $35,000 |
| 533.0 | 1 | $35,000 | $35,000 |
| 536.0 | 1 | $35,000 | $35,000 |
| 650.0 | 1 | $55,000 | $55,000 |
| 88.0 | 1 | $5,000 | $5,000 |
| NA | 3,465 | $634,915,000 | $183,237 |