Community First Bank Mortgage Rates, Fees & Info
New Iberia, LALEI: 549300BWRXVFSDCUUY93
Tax ID: 72-1444588
Latest/2023 | 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 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.
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Originations
280Origination Dollar Volume (All Markets)
$60,400,000Top 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) | 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% |
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
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
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
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
Approval Rates
Total approvals of all applications96.34%
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 origination87.14%
Community First Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 280 | $60,400,000 | $215,714 |