Four Corners Community Bank Mortgage Rates, Fees & Info
FARMINGTON, NMLEI: 5493005US0S6ULD1GC52
Tax ID: 85-0464375
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Mortgage Data
Review & Overview
Four Corners Community Bank is a smaller bank specializing in Refi and Home Purchase loans. Four Corners Community Bank has a high proportion of conventional loans. Their top markets by origination volume include: Durango, Glenwood Springs, Farmington, Fort Collins, and Waco among others. We have data for 6 markets. (Some data included below & more in-depth data is available with an active subscription.)Four Corners Community Bank has an 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
44Origination Dollar Volume (All Markets)
$22,430,000Top 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 |
---|---|---|---|---|---|
Durango, CO (FHA|USDA|VA) | 7 | $9,025,000 | $1,289,286 | $0 | 0.00% |
Glenwood Springs, CO (FHA|USDA|VA) | 1 | $5,005,000 | $5,005,000 | $0 | 0.00% |
FARMINGTON, NM (FHA|USDA|VA) | 28 | $3,510,000 | $125,357 | $0 | 0.00% |
FORT COLLINS, CO (FHA|USDA|VA) | 1 | $2,465,000 | $2,465,000 | $0 | 0.00% |
WACO, TX (FHA|USDA|VA) | 1 | $1,425,000 | $1,425,000 | $0 | 0.00% |
Outside of Metro Areas | 6 | $1,000,000 | $166,667 | $0 | 0.00% |
Product Mix
Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
---|---|---|---|---|---|
Conventional | 44 | $22,430,000 | $509,773 | $0 | 0.00% |
For 2019, Four Corners Community Bank's most frequently originated type of loan was Conventional, with 44 originations.
Loan Reason
Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
---|---|---|---|---|---|
Refi | 19 | $12,925,000 | $680,263 | $0 | 0.00% |
Home Purchase | 15 | $8,555,000 | $570,333 | $0 | 0.00% |
Home Improvement | 10 | $950,000 | $95,000 | $0 | 0.00% |
For 2019, Four Corners Community Bank's most frequently cited loan purpose was Refi, with 19 originations. The 2nd most popular reason was Home Purchase, with 15 originations.
Loan Duration/Length
Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
---|---|---|---|---|---|
Other | 44 | $22,430,000 | $509,773 | $0 | 0.00% |
For 2019, Four Corners Community Bank's most frequently cited loan duration was Other, with 44 originations.
Loan Sizing
2019 saw Four Corners Community Bank place emphasis on $100,000 or less loans with 17 originations, totaling $1,345,000 in origination value.
Applicant Income
Four Corners Community Bank lent most frequently to those with incomes in the $50k or less range, with 5 originations. The second most popular income band? $150k-250k, with 2 originations.
Applicant Debt to Income Ratio
DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
---|---|---|---|---|---|
Exempt% | 44 | $22,430,000 | $509,773 | $0 | 0.00% |
Four Corners Community Bank lent most frequently to those with DTI ratios of Exempt%, with 44 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications85.94%
Four Corners Community Bank has an average approval rate.
Pick Rate
Approvals leading to origination75.00%
Four Corners Community Bank has a below average pick rate.
Points and Fees
Points | Originations | Total Value | Average Loan |
---|---|---|---|
Exempt | 44 | $22,430,000 | $509,773 |