Community First Mortgage Rates, Fees & Info
Lakeview, MILEI: 5493006CRT5VJ5L0N291
Tax ID: 38-2608161
Latest/2023 | 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 Home Purchase and Cash Out Refi loans. Community First has a high proportion of conventional loans. Their top markets by origination volume include: Grand Rapids, Big Rapids, Mount Pleasant, Alma, and Detroit among others. We have data for 7 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
232Origination Dollar Volume (All Markets)
$25,050,000Top 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) | 165 | $17,435,000 | $105,667 | $0 | 0.00% |
| Big Rapids, MI (FHA|USDA|VA) | 35 | $4,235,000 | $121,000 | $0 | 0.00% |
| Outside of Metro Areas | 19 | $2,215,000 | $116,579 | $0 | 0.00% |
| Mount Pleasant, MI (FHA|USDA|VA) | 4 | $370,000 | $92,500 | $0 | 0.00% |
| Alma, MI (FHA|USDA|VA) | 5 | $325,000 | $65,000 | $0 | 0.00% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 2 | $270,000 | $135,000 | $0 | 0.00% |
| LANSING-EAST LANSING, MI (FHA|USDA|VA) | 2 | $200,000 | $100,000 | $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: 306
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Similarity Rank: 630
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Similarity Rank: 952
Similarity Rank: 1040
Similarity Rank: 1312
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 232 | $25,050,000 | $107,974 | $0 | 0.00% |
For 2021, Community First's most frequently originated type of loan was Conventional, with 232 originations.
Loan Reason
For 2021, Community First's most frequently cited loan purpose was Home Purchase, with 97 originations. The 2nd most popular reason was Cash Out Refi, with 68 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 232 | $25,050,000 | $107,974 | $0 | 0.00% |
For 2021, Community First's most frequently cited loan duration was Other, with 232 originations.
Loan Sizing
2021 saw Community First place emphasis on $100,000 or less loans with 132 originations, totaling $7,970,000 in origination value.
Applicant Income
Community First lent most frequently to those with incomes in the $50k or less range, with 109 originations. The second most popular income band? $50k-75k, with 64 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 232 | $25,050,000 | $107,974 | $0 | 0.00% |
Community First lent most frequently to those with DTI ratios of Exempt%, with 232 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications87.89%
Community First has an average approval rate.
Pick Rate
Approvals leading to origination80.17%
Community First has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 232 | $25,050,000 | $107,974 |
Complaints
| Bank Name | Product | Issue | 2021 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| COMMUNITY BANK SYSTEM, INC. | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 50.0% |
| COMMUNITY BANK SYSTEM, INC. | Home equity loan or line of credit (HELOC) | Closing on a mortgage | 1 | 50.0% |