Community First Mortgage Rates, Fees & Info
Lakeview, MILEI: 5493006CRT5VJ5L0N291
Tax ID: 38-2608161
Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Community First is a smaller mortgage company specializing in Other and Home Purchase loans. Community First has a high proportion of conventional loans. Their top markets by origination volume include: Grand Rapids, Big Rapids, and Alma among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)Community First 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
29Origination Dollar Volume (All Markets)
$5,305,000Top 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 |
|---|---|---|---|---|---|
| GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) | 18 | $2,840,000 | $157,778 | $0 | 0.00% |
| Big Rapids, MI (FHA|USDA|VA) | 8 | $1,960,000 | $245,000 | $0 | 0.00% |
| Outside of Metro Areas | 2 | $400,000 | $200,000 | $0 | 0.00% |
| Alma, MI (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 0.00% |
Similar Lenders
We use machine learning to identify the top lenders compared against COMMUNITY FIRST based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
Similarity Rank: 64
Similarity Rank: 120
Similarity Rank: 138
Similarity Rank: 322
Similarity Rank: 480
Similarity Rank: 594
Similarity Rank: 918
Similarity Rank: 1020
Similarity Rank: 1071
Similarity Rank: 1275
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 29 | $5,305,000 | $182,931 | $0 | 0.00% |
For 2024, Community First's most frequently originated type of loan was Conventional, with 29 originations.
Loan Reason
For 2024, Community First's most frequently cited loan purpose was Other, with 15 originations. The 2nd most popular reason was Home Purchase, with 9 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 29 | $5,305,000 | $182,931 | $0 | 0.00% |
For 2024, Community First's most frequently cited loan duration was Other, with 29 originations.
Loan Sizing
2024 saw Community First place emphasis on $200k-400k loans with 12 originations, totaling $3,300,000 in origination value.
Applicant Income
Community First lent most frequently to those with incomes in the $50k-75k range, with 11 originations. The second most popular income band? $100k-150k, with 8 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 29 | $5,305,000 | $182,931 | $0 | 0.00% |
Community First lent most frequently to those with DTI ratios of Exempt%, with 29 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 17 | $2,945,000 | $173,235 | $0 | 0.00% |
| Not provided | 11 | $2,325,000 | $211,364 | $0 | 0.00% |
| Black | 1 | $35,000 | $35,000 | $0 | 0.00% |
Approval Rates
Total approvals of all applications94.74%
Community First has an average approval rate.
Pick Rate
Approvals leading to origination86.21%
Community First has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 29 | $5,305,000 | $182,931 |