Community First Bank Mortgage Rates, Fees & Info

New Iberia, LA

LEI: 549300BWRXVFSDCUUY93

Tax ID: 72-1444588

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

Jump to:

Mortgage Data

Review & Overview

Community First Bank is a smaller bank specializing in Home Purchase and Refi loans. Community First Bank has a high proportion of conventional loans. Their top markets by origination volume include: Lafayette, Crestview, Lake Charles, Baton Rouge, and Opelousas among others. We have data for 11 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 a below average pick rate when compared to similar lenders.

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.


Originations

280

Origination Dollar Volume (All Markets)

$60,400,000

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
LAFAYETTE, LA (FHA|USDA|VA) 252 $45,770,000 $181,627 $0 0.00%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 3 $5,345,000 $1,781,667 $0 0.00%
LAKE CHARLES, LA (FHA|USDA|VA) 2 $3,950,000 $1,975,000 $0 0.00%
BATON ROUGE, LA (FHA|USDA|VA) 6 $1,350,000 $225,000 $0 0.00%
Opelousas, LA (FHA|USDA|VA) 5 $1,045,000 $209,000 $0 0.00%
Key West, FL (FHA|USDA|VA) 1 $915,000 $915,000 $0 0.00%
HOUMA-THIBODAUX, LA (FHA|USDA|VA) 1 $625,000 $625,000 $0 0.00%
Morgan City, LA (FHA|USDA|VA) 7 $565,000 $80,714 $0 0.00%
NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 1 $375,000 $375,000 $0 0.00%
Bay City, TX (FHA|USDA|VA) 1 $235,000 $235,000 $0 0.00%
Vicksburg, MS (FHA|USDA|VA) 1 $225,000 $225,000 $0 0.00%
Community First Bank's top markets include Lafayette, Crestview, Lake Charles, Baton Rouge, and Opelousas among others.

Their top states include:
  • Louisiana (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)
  • Mississippi (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 280 $60,400,000 $215,714 $0 0.00%

    For 2023, Community First Bank's most frequently originated type of loan was Conventional, with 280 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 136 $36,620,000 $269,265 $0 0.00%
    Refi 128 $22,560,000 $176,250 $0 0.00%
    Home Improvement 9 $665,000 $73,889 $0 0.00%
    Other 7 $555,000 $79,286 $0 0.00%

    For 2023, Community First Bank's most frequently cited loan purpose was Home Purchase, with 136 originations. The 2nd most popular reason was Refi, with 128 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 280 $60,400,000 $215,714 $0 0.00%

    For 2023, Community First Bank's most frequently cited loan duration was Other, with 280 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 128 $7,100,000 $55,469 $0 0.00%
    $100k-200k 66 $9,570,000 $145,000 $0 0.00%
    $200k-400k 52 $14,910,000 $286,731 $0 0.00%
    $400k-600k 16 $7,570,000 $473,125 $0 0.00%
    $600k-1MM 12 $9,070,000 $755,833 $0 0.00%
    $1MM+ 6 $12,180,000 $2,030,000 $0 0.00%

    2023 saw Community First Bank place emphasis on $100,000 or less loans with 128 originations, totaling $7,100,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 41 $6,215,000 $151,585 $0 0.00%
    $50k-75k 37 $3,835,000 $103,649 $0 0.00%
    $150k-250k 26 $7,930,000 $305,000 $0 0.00%
    $250k+ 23 $8,815,000 $383,261 $0 0.00%
    $50k or less 22 $1,540,000 $70,000 $0 0.00%
    $75k-100k 22 $2,390,000 $108,636 $0 0.00%

    Community First Bank lent most frequently to those with incomes in the $100k-150k range, with 41 originations. The second most popular income band? $50k-75k, with 37 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 280 $60,400,000 $215,714 $0 0.00%

    Community First Bank lent most frequently to those with DTI ratios of Exempt%, with 280 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 108 $29,610,000 $274,167 $0 0.00%
    White 147 $27,515,000 $187,177 $0 0.00%
    Black 17 $1,705,000 $100,294 $0 0.00%
    Not provided 5 $895,000 $179,000 $0 0.00%
    Asian 3 $675,000 $225,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    96.34%

    Community First Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    87.14%

    Community First Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 280 $60,400,000 $215,714

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    280 $60,400,000 $215,714