Community Bank Mortgage Rates, Fees & Info
Carmichaels, PALEI: 5493008JDUT3R3K1LZ58
Tax ID: 25-0393033
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Mortgage Data
Review & Overview
Community Bank is a smaller bank specializing in Home Purchase loans. Community Bank has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: Pittsburgh, Columbus, Akron, Wheeling, and Weirton among others. We have data for 15 markets. (Some data included below & more in-depth data is available with an active subscription.)Community Bank has an average approval rate when compared to the average across all lenders. They have an average pick rate when compared to similar lenders. Community Bank is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.
We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.
Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.
Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.
SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.99% | 4/5/25 |
| 30 Year Conventional Refi | 6.72% | 4/5/25 |
| 30 Year Cash-out Refi | 7.23% | 4/5/25 |
| 30 Year FHA Purchase | 7.41% | 4/5/25 |
| 15 Year Conventional Purchase | 6.38% | 4/5/25 |
| 15 Year Conventional Refi | 7.07% | 4/5/25 |
| 15 Year Cash-out Refi | 7.07% | 4/5/25 |
| These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates. | ||
Community Bank Mortgage Calculator
Your Estimates
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This is not an official calculator from Community Bank. It uses our SimulatedRate™
technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.
The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
155Origination Dollar Volume (All Markets)
$27,445,000Awards
Community Bank - 2024
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For 2024, less than of lenders were eligible for this award.
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Relative Rate
Community Bank's average 30 year fixed mortgage rate was
6.99%.
The 2024 average 30 year fixed rate mortgage across all markets and lenders was 6.55%.
This yields a difference of 0.44%.
Relative Fees (Closing Costs)
Community Bank's average total fees/closing costs for a 30 year fixed rate
mortgage were $4,982.
The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including
both points & up-front fees in addition to origination fees) were $8,356.
Top 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 |
|---|---|---|---|---|---|
| PITTSBURGH, PA (FHA|USDA|VA) | 77 | $9,205,000 | $119,545 | $1,965 | 7.06% |
| COLUMBUS, OH (FHA|USDA|VA) | 3 | $3,875,000 | $1,291,667 | $0 | 7.18% |
| AKRON, OH (FHA|USDA|VA) | 1 | $3,825,000 | $3,825,000 | $0 | 6.76% |
| Outside of Metro Areas | 23 | $2,735,000 | $118,913 | $901 | 6.91% |
| WHEELING, WV-OH (FHA|USDA|VA) | 27 | $2,255,000 | $83,519 | $908 | 7.07% |
| WEIRTON-STEUBENVILLE, WV-OH (FHA|USDA|VA) | 13 | $1,735,000 | $133,462 | $1,445 | 7.38% |
| CANTON-MASSILLON, OH (FHA|USDA|VA) | 1 | $1,465,000 | $1,465,000 | $0 | 7.29% |
| Clarksburg, WV (FHA|USDA|VA) | 2 | $1,280,000 | $640,000 | $5,851 | 7.38% |
| Sunbury, PA (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $16,387 | 6.50% |
| HOUMA-THIBODAUX, LA (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $0 | 7.47% |
| Ashtabula, OH (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 7.73% |
| New Castle, PA (FHA|USDA|VA) | 2 | $130,000 | $65,000 | $0 | 7.94% |
| YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 6.70% |
| CUMBERLAND, MD-WV (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $743 | 7.55% |
| MORGANTOWN, WV (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $743 | 7.30% |
Similar Lenders
We use machine learning to identify the top lenders compared against Community Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
Similarity Rank: 68
Similarity Rank: 88
Similarity Rank: 105
Similarity Rank: 120
Similarity Rank: 213
Similarity Rank: 304
Similarity Rank: 372
Similarity Rank: 380
Similarity Rank: 418
Similarity Rank: 816
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 154 | $27,270,000 | $177,078 | $1,601 | 7.09% |
| FHA | 1 | $175,000 | $175,000 | $7,609 | 5.99% |
For 2024, Community Bank's most frequently originated type of loan was Conventional, with 154 originations. Their 2nd most popular type was FHA, with 1 originations.
Loan Reason
For 2024, Community Bank's most frequently cited loan purpose was Home Purchase, with 62 originations. The 2nd most popular reason was Refi, with 38 originations.
Loan Duration/Length
For 2024, Community Bank's most frequently cited loan duration was 15 Year, with 69 originations. The 2nd most popular length was 10 Year, with 35 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 94 | $7,290,000 | $77,553 |
| $1k-2k | 21 | $4,845,000 | $230,714 |
| $5k+ | 2 | $770,000 | $385,000 |
Community Bank's average total fees were $4,982, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 94 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 7-8% | 79 | $11,485,000 | $145,380 |
| 6-7% | 70 | $15,020,000 | $214,571 |
| 5-6% | 4 | $830,000 | $207,500 |
| Over 8% | 1 | $35,000 | $35,000 |
During 2024, Community Bank's average interest rate for loans was 6.99%, while their most frequently originated rate bucket for loans was 7-8%, with 79 originations.
Loan Sizing
2024 saw Community Bank place emphasis on $100,000 or less loans with 88 originations, totaling $4,820,000 in origination value.
Applicant Income
Community Bank lent most frequently to those with incomes in the $50k-75k range, with 30 originations. The second most popular income band? $100k-150k, with 25 originations.
Applicant Debt to Income Ratio
Community Bank lent most frequently to those with DTI ratios of 20-30%, with 29 originations. The next most common DTI ratio? 30-36%, with 24 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications76.68%
Community Bank has a below average approval rate.
Pick Rate
Approvals leading to origination90.32%
Community Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 155 | $27,445,000 | $177,065 |