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, Laurel, Memphis, and Crestview among others. We have data for 56 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 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) | 6.27% | 11/17/24 |
| 30 Year Conventional Purchase | 6.66% | 11/17/24 |
| 30 Year Conventional Refi | 6.61% | 11/17/24 |
| 30 Year Cash-out Refi | 6.85% | 11/17/24 |
| 30 Year FHA Purchase | 7.19% | 11/17/24 |
| 30 Year FHA Refi | 7.32% | 11/17/24 |
| 30 Year VA Purchase | 6.30% | 11/17/24 |
| 30 Year VA Refi | 6.20% | 11/17/24 |
| 30 Year USDA Purchase | 6.60% | 11/17/24 |
| 15 Year Conventional Purchase | 6.18% | 11/17/24 |
| 15 Year Conventional Refi | 6.29% | 11/17/24 |
| 15 Year Cash-out Refi | 6.29% | 11/17/24 |
| 15 Year VA Refi | 6.57% | 11/17/24 |
| 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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
4,140Origination Dollar Volume (All Markets)
$709,200,000Awards
Community Bank of Mississippi - 2022
Community Bank of Mississippi is a 2022 , due to their low .
For 2022, less than of lenders were eligible for this award.
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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) | 825 | $145,285,000 | $176,103 | $4,496 | 4.53% |
| GULFPORT-BILOXI, MS (FHA|USDA|VA) | 468 | $79,190,000 | $169,209 | $3,562 | 4.92% |
| Outside of Metro Areas | 657 | $73,725,000 | $112,215 | $2,513 | 5.48% |
| Laurel, MS (FHA|USDA|VA) | 453 | $55,485,000 | $122,483 | $2,533 | 5.71% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 333 | $52,405,000 | $157,372 | $4,636 | 4.72% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 94 | $44,360,000 | $471,915 | $6,542 | 4.55% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 151 | $43,415,000 | $287,517 | $3,945 | 4.57% |
| HATTIESBURG, MS (FHA|USDA|VA) | 249 | $39,615,000 | $159,096 | $3,551 | 4.92% |
| Tupelo, MS (FHA|USDA|VA) | 218 | $32,790,000 | $150,413 | $3,003 | 4.47% |
| MOBILE, AL (FHA|USDA|VA) | 188 | $29,530,000 | $157,074 | $3,511 | 4.68% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 76 | $24,500,000 | $322,368 | $3,922 | 4.55% |
| PANAMA CITY, FL (FHA|USDA|VA) | 62 | $21,650,000 | $349,194 | $8,179 | 4.71% |
| Meridian, MS (FHA|USDA|VA) | 119 | $17,205,000 | $144,580 | $2,986 | 5.01% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 33 | $8,885,000 | $269,242 | $6,867 | 4.74% |
| Oxford, MS (FHA|USDA|VA) | 24 | $5,100,000 | $212,500 | $2,546 | 4.65% |
| Indianola, MS (FHA|USDA|VA) | 54 | $4,720,000 | $87,407 | $2,782 | 4.83% |
| Starkville, MS (FHA|USDA|VA) | 22 | $3,810,000 | $173,182 | $4,559 | 5.33% |
| Alexander City, AL (FHA|USDA|VA) | 3 | $3,125,000 | $1,041,667 | $3,708 | 3.63% |
| MONTGOMERY, AL (FHA|USDA|VA) | 4 | $2,170,000 | $542,500 | $4,485 | 5.06% |
| Vicksburg, MS (FHA|USDA|VA) | 11 | $2,035,000 | $185,000 | $3,753 | 4.58% |
| TUSCALOOSA, AL (FHA|USDA|VA) | 3 | $2,005,000 | $668,333 | $4,441 | 6.05% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 3 | $1,825,000 | $608,333 | $3,405 | 4.40% |
| Cullman, AL (FHA|USDA|VA) | 4 | $1,390,000 | $347,500 | $6,723 | 5.83% |
| Picayune, MS (FHA|USDA|VA) | 4 | $1,380,000 | $345,000 | $3,475 | 4.56% |
| Greenville, MS (FHA|USDA|VA) | 13 | $1,375,000 | $105,769 | $2,919 | 5.24% |
| McComb, MS (FHA|USDA|VA) | 12 | $1,350,000 | $112,500 | $5,553 | 3.07% |
| Columbus, MS (FHA|USDA|VA) | 8 | $1,090,000 | $136,250 | $3,575 | 4.28% |
| ASHEVILLE, NC (FHA|USDA|VA) | 1 | $985,000 | $985,000 | $4,586 | 5.88% |
| Jasper, AL (FHA|USDA|VA) | 1 | $945,000 | $945,000 | $13,865 | 6.29% |
| Clarksdale, MS (FHA|USDA|VA) | 5 | $895,000 | $179,000 | $3,201 | 4.01% |
| Corinth, MS (FHA|USDA|VA) | 1 | $655,000 | $655,000 | $3,853 | 5.50% |
| NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) | 3 | $595,000 | $198,333 | $0 | 3.80% |
| Cleveland, MS (FHA|USDA|VA) | 5 | $525,000 | $105,000 | $2,078 | 4.53% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 2 | $510,000 | $255,000 | $6,102 | 5.75% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 1 | $465,000 | $465,000 | $0 | 5.10% |
| Greenwood, MS (FHA|USDA|VA) | 3 | $445,000 | $148,333 | $1,938 | 5.72% |
| AUBURN-OPELIKA, AL (FHA|USDA|VA) | 3 | $425,000 | $141,667 | $0 | 5.13% |
| Albertville, AL (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $4,111 | 5.50% |
| West Point, MS (FHA|USDA|VA) | 2 | $380,000 | $190,000 | $2,183 | 4.83% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $0 | 5.50% |
| Talladega-Sylacauga, AL (FHA|USDA|VA) | 2 | $360,000 | $180,000 | $3,139 | 3.44% |
| Atmore, AL (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $8,583 | 4.63% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $1,340 | 6.25% |
| HUNTSVILLE, AL (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 4.00% |
| Selma, AL (FHA|USDA|VA) | 2 | $150,000 | $75,000 | $0 | 5.75% |
| Brookhaven, MS (FHA|USDA|VA) | 3 | $145,000 | $48,333 | $5,160 | 2.36% |
| Troy, AL (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $4,013 | 6.88% |
| ANNISTON-OXFORD, AL (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $4,064 | 3.74% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 7.25% |
| DOTHAN, AL (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $2,719 | 3.85% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 3.00% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 3.75% |
| FLORENCE-MUSCLE SHOALS, AL (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 3.00% |
| Blytheville, AR (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $906 | 3.95% |
| Grenada, MS (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 7.00% |
| FORT SMITH, AR-OK (FHA|USDA|VA) | 1 | $15,000 | $15,000 | $246 | 4.75% |
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.
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Product Mix
For 2022, Community Bank Of Mississippi's most frequently originated type of loan was Conventional, with 3,018 originations. Their 2nd most popular type was HELOC, with 802 originations.
Loan Reason
For 2022, Community Bank Of Mississippi's most frequently cited loan purpose was Home Purchase, with 1,760 originations. The 2nd most popular reason was Refi, with 1,517 originations.
Loan Duration/Length
For 2022, Community Bank Of Mississippi's most frequently cited loan duration was Other, with 1,139 originations. The 2nd most popular length was 30 Year, with 1,027 originations.
Origination Fees/Closing Costs
Community Bank Of Mississippi's average total fees were $4,978, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 917 originations.
Interest Rates
During 2022, Community Bank Of Mississippi's average interest rate for loans was 4.83%, while their most frequently originated rate bucket for loans was 4-5%, with 1,107 originations.
Loan Sizing
2022 saw Community Bank Of Mississippi place emphasis on $100,000 or less loans with 1,787 originations, totaling $85,045,000 in origination value.
Applicant Income
Community Bank Of Mississippi lent most frequently to those with incomes in the $100k-150k range, with 696 originations. The second most popular income band? $50k-75k, with 662 originations.
Applicant Debt to Income Ratio
Community Bank Of Mississippi lent most frequently to those with DTI ratios of 20-30%, with 670 originations. The next most common DTI ratio? 30-36%, with 536 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications96.36%
Community Bank Of Mississippi has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination86.38%
Community Bank Of Mississippi has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| 100.0 | 2 | $10,000 | $5,000 |
| 150.0 | 5 | $95,000 | $19,000 |
| 155.0 | 1 | $15,000 | $15,000 |
| 170.0 | 1 | $5,000 | $5,000 |
| 171.64 | 1 | $5,000 | $5,000 |
| 18.43 | 1 | $5,000 | $5,000 |
| 200.0 | 1 | $15,000 | $15,000 |
| 237.16 | 1 | $15,000 | $15,000 |
| 238.0 | 2 | $30,000 | $15,000 |
| 250.0 | 1 | $15,000 | $15,000 |
| 255.0 | 1 | $15,000 | $15,000 |
| 258.0 | 1 | $15,000 | $15,000 |
| 270.0 | 1 | $15,000 | $15,000 |
| 279.0 | 1 | $15,000 | $15,000 |
| 285.0 | 1 | $15,000 | $15,000 |
| 286.55 | 1 | $15,000 | $15,000 |
| 300.0 | 1 | $15,000 | $15,000 |
| 310.0 | 2 | $30,000 | $15,000 |
| 352.33 | 1 | $25,000 | $25,000 |
| 360.32 | 1 | $5,000 | $5,000 |
| 370.25 | 1 | $15,000 | $15,000 |
| 390.0 | 1 | $25,000 | $25,000 |
| 432.18 | 1 | $35,000 | $35,000 |
| 438.0 | 1 | $25,000 | $25,000 |
| 470.0 | 1 | $35,000 | $35,000 |
| 633.33 | 1 | $35,000 | $35,000 |
| 674.32 | 1 | $55,000 | $55,000 |
| 677.01 | 1 | $55,000 | $55,000 |
| 88.0 | 3 | $25,000 | $8,333 |
| 894.41 | 1 | $75,000 | $75,000 |
| NA | 4,101 | $708,445,000 | $172,749 |
LTV Distribution
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% |