Community First Bank Mortgage Rates, Fees & Info
New Iberia, LALEI: 549300BWRXVFSDCUUY93
Tax ID: 72-1444588
Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Community First Bank is a smaller bank specializing in Refi and Home Purchase loans. Community First Bank has a high proportion of conventional loans. Their top markets by origination volume include: Lafayette, Baton Rouge, Opelousas, and Morgan City among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)Community First Bank has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders.
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Originations
186Origination Dollar Volume (All Markets)
$29,870,000Top 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 |
|---|---|---|---|---|---|
| LAFAYETTE, LA (FHA|USDA|VA) | 177 | $27,075,000 | $152,966 | $0 | 0.00% |
| BATON ROUGE, LA (FHA|USDA|VA) | 2 | $1,200,000 | $600,000 | $0 | 0.00% |
| Opelousas, LA (FHA|USDA|VA) | 3 | $1,195,000 | $398,333 | $0 | 0.00% |
| Outside of Metro Areas | 3 | $275,000 | $91,667 | $0 | 0.00% |
| Morgan City, LA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 186 | $29,870,000 | $160,591 | $0 | 0.00% |
For 2024, Community First Bank's most frequently originated type of loan was Conventional, with 186 originations.
Loan Reason
For 2024, Community First Bank's most frequently cited loan purpose was Refi, with 94 originations. The 2nd most popular reason was Home Purchase, with 80 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 186 | $29,870,000 | $160,591 | $0 | 0.00% |
For 2024, Community First Bank's most frequently cited loan duration was Other, with 186 originations.
Loan Sizing
2024 saw Community First Bank place emphasis on $100,000 or less loans with 83 originations, totaling $4,725,000 in origination value.
Applicant Income
Community First Bank lent most frequently to those with incomes in the $100k-150k range, with 30 originations. The second most popular income band? $150k-250k, with 26 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 186 | $29,870,000 | $160,591 | $0 | 0.00% |
Community First Bank lent most frequently to those with DTI ratios of Exempt%, with 186 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications93.95%
Community First Bank has an average approval rate.
Pick Rate
Approvals leading to origination91.40%
Community First Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 186 | $29,870,000 | $160,591 |