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, Cash Out Refi, and Other loans. Community First has a high proportion of conventional loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Grand Rapids, Big Rapids, Mount Pleasant, Lansing, and Traverse City 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 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
134Origination Dollar Volume (All Markets)
$16,410,000Top 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) | 93 | $12,235,000 | $131,559 | $0 | 0.00% |
| Outside of Metro Areas | 16 | $1,900,000 | $118,750 | $0 | 0.00% |
| Big Rapids, MI (FHA|USDA|VA) | 21 | $1,645,000 | $78,333 | $0 | 0.00% |
| Mount Pleasant, MI (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $0 | 0.00% |
| LANSING-EAST LANSING, MI (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 0.00% |
| Traverse City, MI (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 0.00% |
| Sturgis, MI (FHA|USDA|VA) | 1 | $15,000 | $15,000 | $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: 286
Similarity Rank: 318
Similarity Rank: 544
Similarity Rank: 560
Similarity Rank: 600
Similarity Rank: 704
Similarity Rank: 756
Similarity Rank: 840
Similarity Rank: 860
Similarity Rank: 930
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 132 | $16,160,000 | $122,424 | $0 | 0.00% |
| USDA | 2 | $250,000 | $125,000 | $0 | 0.00% |
For 2022, Community First's most frequently originated type of loan was Conventional, with 132 originations. Their 2nd most popular type was USDA, with 2 originations.
Loan Reason
For 2022, Community First's most frequently cited loan purpose was Home Purchase, with 53 originations. The 2nd most popular reason was Cash Out Refi, with 34 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 134 | $16,410,000 | $122,463 | $0 | 0.00% |
For 2022, Community First's most frequently cited loan duration was Other, with 134 originations.
Loan Sizing
2022 saw Community First place emphasis on $100,000 or less loans with 69 originations, totaling $3,655,000 in origination value.
Applicant Income
Community First lent most frequently to those with incomes in the $50k or less range, with 58 originations. The second most popular income band? $50k-75k, with 36 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 134 | $16,410,000 | $122,463 | $0 | 0.00% |
Community First lent most frequently to those with DTI ratios of Exempt%, with 134 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications90.76%
Community First has an average approval rate.
Pick Rate
Approvals leading to origination75.37%
Community First has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 134 | $16,410,000 | $122,463 |
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% |