Community First Mortgage Rates, Fees & Info
Lakeview, MILEI: 5493006CRT5VJ5L0N291
Tax ID: 38-2608161
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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 Mount Pleasant 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 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
33Origination Dollar Volume (All Markets)
$3,855,000Top 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) | 23 | $2,665,000 | $115,870 | $0 | 0.00% |
| Big Rapids, MI (FHA|USDA|VA) | 7 | $715,000 | $102,143 | $0 | 0.00% |
| Outside of Metro Areas | 2 | $360,000 | $180,000 | $0 | 0.00% |
| Mount Pleasant, MI (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $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: 98
Similarity Rank: 130
Similarity Rank: 168
Similarity Rank: 253
Similarity Rank: 315
Similarity Rank: 400
Similarity Rank: 400
Similarity Rank: 488
Similarity Rank: 528
Similarity Rank: 552
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 33 | $3,855,000 | $116,818 | $0 | 0.00% |
For 2023, Community First's most frequently originated type of loan was Conventional, with 33 originations.
Loan Reason
For 2023, Community First's most frequently cited loan purpose was Other, with 11 originations. The 2nd most popular reason was Home Improvement, with 7 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 33 | $3,855,000 | $116,818 | $0 | 0.00% |
For 2023, Community First's most frequently cited loan duration was Other, with 33 originations.
Loan Sizing
2023 saw Community First place emphasis on $100,000 or less loans with 19 originations, totaling $1,095,000 in origination value.
Applicant Income
Community First lent most frequently to those with incomes in the $50k or less range, with 15 originations. The second most popular income band? $100k-150k, with 5 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 33 | $3,855,000 | $116,818 | $0 | 0.00% |
Community First lent most frequently to those with DTI ratios of Exempt%, with 33 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 20 | $2,390,000 | $119,500 | $0 | 0.00% |
| Not provided | 13 | $1,465,000 | $112,692 | $0 | 0.00% |
Approval Rates
Total approvals of all applications84.75%
Community First has a below average approval rate.
Pick Rate
Approvals leading to origination57.58%
Community First has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 33 | $3,855,000 | $116,818 |