Community Bank Mortgage Rates, Fees & Info

Carmichaels, PA

LEI: 5493008JDUT3R3K1LZ58

Tax ID: 25-0393033

5 stars - Updated: 4/5/25 - out of 5 stars, based on 12 reviews

Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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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

Estimated Loan Payment: Update the calculator values and click calculate payment!

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

155

Origination Dollar Volume (All Markets)

$27,445,000

Awards

Community Bank 30 Year Conventional Loans silver
Show all (1) awards

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%
Community Bank's top markets include Pittsburgh, Columbus, Akron, Wheeling, and Weirton among others.

Their top states include:
  • Pennsylvania (FHA|USDA|VA)
  • Ohio (FHA|USDA|VA)
  • West Virginia (FHA|USDA|VA)
  • Maryland (FHA|USDA|VA)
  • Louisiana (FHA|USDA|VA)
  • 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.

    TRI BORO
    Similarity Rank: 68
    BAYER HERITAGE
    Similarity Rank: 120
    Sail Mortgage Corp.
    Similarity Rank: 213
    DEVELOPER'S MORTGAGE COMPANY
    Similarity Rank: 372
    Washington Financial Bank
    Similarity Rank: 380
    SOMERSET TRUST COMPANY
    Similarity Rank: 418
    State Financial Network, LLC
    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

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 62 $19,360,000 $312,258 $4,902 7.16%
    Refi 38 $3,920,000 $103,158 $510 7.08%
    Home Improvement 33 $2,785,000 $84,394 $616 6.96%
    Other 21 $1,325,000 $63,095 $711 7.06%
    Cash Out Refi 1 $55,000 $55,000 $3,490 7.50%

    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

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    15 Year 69 $6,235,000 $90,362 $701 7.19%
    10 Year 35 $8,085,000 $231,000 $508 7.04%
    30 Year 26 $5,690,000 $218,846 $4,982 6.99%
    20 Year 20 $2,100,000 $105,000 $452 6.88%
    5 Year 2 $640,000 $320,000 $0 7.35%
    Other 2 $4,200,000 $2,100,000 $0 7.26%
    30+ year 1 $495,000 $495,000 $9,936 7.63%

    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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 88 $4,820,000 $54,773 $750 7.12%
    $100k-200k 36 $4,560,000 $126,667 $2,182 7.10%
    $200k-400k 22 $6,200,000 $281,818 $4,308 6.91%
    $1MM+ 3 $7,815,000 $2,605,000 $0 6.95%
    $400k-600k 3 $1,465,000 $488,333 $9,936 7.21%
    $600k-1MM 3 $2,585,000 $861,667 $5,851 7.42%

    2024 saw Community Bank place emphasis on $100,000 or less loans with 88 originations, totaling $4,820,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 30 $2,660,000 $88,667 $1,271 6.88%
    $100k-150k 25 $3,065,000 $122,600 $2,425 7.11%
    $150k-250k 21 $3,885,000 $185,000 $2,244 7.05%
    $50k or less 21 $1,335,000 $63,571 $1,397 7.08%
    $75k-100k 18 $1,730,000 $96,111 $965 6.98%
    $250k+ 2 $500,000 $250,000 $709 7.49%

    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

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 29 $2,705,000 $93,276 $1,328 7.08%
    30-36% 24 $2,380,000 $99,167 $2,374 6.90%
    <20% 14 $1,400,000 $100,000 $1,323 6.93%
    44% 10 $1,440,000 $144,000 $1,330 7.01%
    43% 8 $950,000 $118,750 $1,142 7.01%
    38% 7 $555,000 $79,286 $543 7.16%
    41% 4 $380,000 $95,000 $691 6.70%
    36% 4 $490,000 $122,500 $1,647 7.12%
    42% 3 $145,000 $48,333 $1,855 7.77%
    39% 3 $175,000 $58,333 $642 6.72%
    46% 2 $270,000 $135,000 $3,249 6.87%
    37% 2 $80,000 $40,000 $545 7.15%
    45% 2 $300,000 $150,000 $5,590 6.81%
    49% 1 $905,000 $905,000 $5,851 7.00%
    48% 1 $495,000 $495,000 $9,936 7.63%
    40% 1 $135,000 $135,000 $661 7.38%

    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

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 34 $13,980,000 $411,176 $0 7.39%
    White 113 $12,585,000 $111,372 $1,658 7.01%
    Not provided 6 $740,000 $123,333 $1,927 7.08%
    Black 2 $140,000 $70,000 $676 6.65%

    Approval Rates

    Total approvals of all applications
    76.68%

    Community Bank has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    90.32%

    Community Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 155 $27,445,000 $177,065

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    155 $27,445,000 $177,065

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 32 $2,410,000 $75,313 $682 7.05%
    40-60% 23 $2,135,000 $92,826 $798 6.95%
    60-80% 51 $17,155,000 $336,373 $3,025 7.19%
    80-100% 24 $4,300,000 $179,167 $4,003 7.04%
    Over 100% 1 $375,000 $375,000 $0 7.75%
    Under 20% 24 $1,070,000 $44,583 $673 7.08%