Community Bank Mortgage Rates, Fees & Info

Carmichaels, PA

LEI: 5493008JDUT3R3K1LZ58

Tax ID: 25-0393033

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

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Community Bank is a smaller bank specializing in Home Purchase and Cash Out Refi loans. Community Bank has a high proportion of conventional loans. Their top markets by origination volume include: Pittsburgh, Wheeling, Weirton, New Castle, and Salisbury among others. We have data for 16 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 6.46% 9/1/24
    30 Year Conventional Refi 6.15% 9/1/24
    30 Year Cash-out Refi 6.39% 9/1/24
    30 Year USDA Purchase 6.27% 9/1/24
    15 Year Conventional Purchase 6.45% 9/1/24
    15 Year Conventional Refi 5.68% 9/1/24
    15 Year Cash-out Refi 5.68% 9/1/24
    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

    295

    Origination Dollar Volume (All Markets)

    $61,645,000

    Awards

    Community Bank 30 Year Conventional Loans gold Community Bank 30 Year Conventional Loans bronze Community Bank 30 Year Conventional Loans gold Community Bank 30 Year Conventional Loans bronze
    Show all (4) awards

    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) 163 $39,045,000 $239,540 $3,999 4.69%
    WHEELING, WV-OH (FHA|USDA|VA) 51 $7,925,000 $155,392 $1,740 4.84%
    Outside of Metro Areas 51 $6,335,000 $124,216 $2,347 4.41%
    WEIRTON-STEUBENVILLE, WV-OH (FHA|USDA|VA) 15 $2,905,000 $193,667 $1,353 5.08%
    New Castle, PA (FHA|USDA|VA) 3 $1,185,000 $395,000 $9,521 4.65%
    SALISBURY, MD-DE (FHA|USDA|VA) 1 $845,000 $845,000 $9,357 5.13%
    NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 1 $785,000 $785,000 $11,435 3.75%
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 1 $435,000 $435,000 $9,474 4.25%
    Salem, OH (FHA|USDA|VA) 1 $395,000 $395,000 $16,661 5.50%
    Somerset, PA (FHA|USDA|VA) 1 $395,000 $395,000 $6,645 3.13%
    Fairmont, WV (FHA|USDA|VA) 1 $345,000 $345,000 $5,448 3.00%
    YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) 2 $310,000 $155,000 $0 5.65%
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 1 $305,000 $305,000 $4,478 3.65%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 1 $285,000 $285,000 $2,803 5.00%
    MORGANTOWN, WV (FHA|USDA|VA) 1 $85,000 $85,000 $305 3.25%
    St. Marys, PA (FHA|USDA|VA) 1 $65,000 $65,000 $260 3.25%
    Community Bank's top markets include Pittsburgh, Wheeling, Weirton, New Castle, and Salisbury among others.

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

    OHIO VALLEY COMMUNITY FEDERAL CREDIT UNION
    Similarity Rank: 35
    First Federal Savings and Loan Association of Greene Co
    Similarity Rank: 49
    TRI BORO
    Similarity Rank: 78
    HANCOCK COUNTY SAVINGS BANK, FSB, INC.
    Similarity Rank: 92
    BAYER HERITAGE
    Similarity Rank: 290
    InFirst Bank
    Similarity Rank: 480
    United Bank
    Similarity Rank: 606
    American Financial Mortgage Corporation
    Similarity Rank: 648
    1st Summit Bank
    Similarity Rank: 729
    WELCOME HOME FINANCE, L.P.
    Similarity Rank: 861

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 295 $61,645,000 $208,966 $3,368 4.67%

    For 2022, Community Bank's most frequently originated type of loan was Conventional, with 295 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 147 $35,555,000 $241,871 $5,487 4.80%
    Cash Out Refi 86 $18,940,000 $220,233 $1,733 4.37%
    Home Improvement 36 $2,340,000 $65,000 $623 4.87%
    Other 15 $1,585,000 $105,667 $924 4.78%
    Refi 11 $3,225,000 $293,182 $2,450 4.40%

    For 2022, Community Bank's most frequently cited loan purpose was Home Purchase, with 147 originations. The 2nd most popular reason was Cash Out Refi, with 86 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 107 $24,495,000 $228,925 $4,223 4.61%
    15 Year 77 $8,105,000 $105,260 $957 5.03%
    10 Year 48 $5,220,000 $108,750 $635 4.50%
    20 Year 28 $7,640,000 $272,857 $1,384 4.37%
    30+ year 27 $12,705,000 $470,556 $10,337 4.31%
    5 Year 4 $1,880,000 $470,000 $0 6.09%
    Other 3 $1,255,000 $418,333 $4,918 4.47%
    3 Year 1 $345,000 $345,000 $0 4.75%

    For 2022, Community Bank's most frequently cited loan duration was 30 Year, with 107 originations. The 2nd most popular length was 15 Year, with 77 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 192 $26,840,000 $139,792
    $2k-3k 28 $12,280,000 $438,571
    $1k-2k 21 $3,255,000 $155,000
    $3k-4k 4 $1,520,000 $380,000
    $5k+ 4 $2,210,000 $552,500
    $4k-5k 2 $1,330,000 $665,000

    Community Bank's average total fees were $4,223, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 192 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 96 $22,890,000 $238,438
    5-6% 76 $17,880,000 $235,263
    4-5% 70 $10,830,000 $154,714
    6-7% 37 $4,495,000 $121,486
    2.5-3% 11 $3,135,000 $285,000
    <2.5% 3 $2,255,000 $751,667
    7-8% 2 $160,000 $80,000

    During 2022, Community Bank's average interest rate for loans was 4.61%, while their most frequently originated rate bucket for loans was 3-4%, with 96 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 112 $5,820,000 $51,964 $1,065 4.79%
    $100k-200k 85 $12,175,000 $143,235 $2,695 4.74%
    $200k-400k 60 $17,130,000 $285,500 $5,200 4.58%
    $400k-600k 25 $12,275,000 $491,000 $9,047 4.42%
    $600k-1MM 10 $7,210,000 $721,000 $9,287 4.17%
    $1MM+ 3 $7,035,000 $2,345,000 $0 3.77%

    2022 saw Community Bank place emphasis on $100,000 or less loans with 112 originations, totaling $5,820,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 58 $6,530,000 $112,586 $2,187 4.55%
    $100k-150k 54 $12,260,000 $227,037 $4,403 4.49%
    $50k or less 45 $3,215,000 $71,444 $1,597 4.38%
    $150k-250k 41 $15,225,000 $371,341 $5,853 4.52%
    $75k-100k 38 $4,930,000 $129,737 $2,273 4.86%
    $250k+ 14 $6,730,000 $480,714 $6,336 4.10%

    Community Bank lent most frequently to those with incomes in the $50k-75k range, with 58 originations. The second most popular income band? $100k-150k, with 54 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 87 $14,815,000 $170,287 $3,129 4.28%
    30-36% 54 $11,370,000 $210,556 $3,921 4.70%
    <20% 33 $5,155,000 $156,212 $2,447 4.27%
    38% 14 $2,960,000 $211,429 $3,736 4.68%
    37% 12 $2,150,000 $179,167 $4,029 5.21%
    39% 10 $1,460,000 $146,000 $1,550 4.87%
    36% 10 $1,250,000 $125,000 $2,546 4.84%
    42% 8 $1,460,000 $182,500 $3,479 4.92%
    40% 6 $1,500,000 $250,000 $5,154 3.92%
    41% 5 $2,335,000 $467,000 $7,446 4.60%
    50-60% 3 $1,215,000 $405,000 $5,885 4.46%
    43% 1 $785,000 $785,000 $8,300 5.63%
    44% 1 $15,000 $15,000 $604 6.24%
    45% 1 $35,000 $35,000 $3,224 3.38%
    48% 1 $205,000 $205,000 $279 4.50%
    49% 1 $45,000 $45,000 $604 7.25%

    Community Bank lent most frequently to those with DTI ratios of 20-30%, with 87 originations. The next most common DTI ratio? 30-36%, with 54 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 241 $46,695,000 $193,755 $3,332 4.52%
    Not applicable 41 $12,075,000 $294,512 $0 5.59%
    Not provided 8 $2,230,000 $278,750 $5,399 4.72%
    Asian Indian 1 $215,000 $215,000 $3,907 3.88%
    Asian 1 $175,000 $175,000 $740 3.63%
    American Indian 2 $140,000 $70,000 $300 3.88%
    Black 1 $115,000 $115,000 $3,956 6.63%

    Approval Rates

    Total approvals of all applications
    86.15%

    Community Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    90.17%

    Community Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 295 $61,645,000 $208,966

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    295 $61,645,000 $208,966

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 28 $1,860,000 $66,429 $871 4.58%
    40-60% 39 $6,085,000 $156,026 $1,983 4.20%
    60-80% 89 $26,885,000 $302,079 $3,829 4.54%
    80-100% 104 $25,360,000 $243,846 $5,389 4.86%
    Under 20% 35 $1,455,000 $41,571 $605 5.04%

    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%