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 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.
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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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
295Origination Dollar Volume (All Markets)
$61,645,000Community Bank - 2022
Community Bank is a 2022 , due to their low .
For 2022, less than of lenders were eligible for this award.
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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% |
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: 35
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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
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
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
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
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
2022 saw Community Bank place emphasis on $100,000 or less loans with 112 originations, totaling $5,820,000 in origination value.
Applicant Income
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
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
Approval Rates
Total approvals of all applications86.15%
Community Bank has an average approval rate.
Pick Rate
Approvals leading to origination90.17%
Community Bank has an average pick rate.
Points and Fees
Points | Originations | Total Value | Average Loan |
---|---|---|---|
NA | 295 | $61,645,000 | $208,966 |
LTV Distribution
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% |