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 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, Dallas, Morgan City, and Opelousas among others. We have data for 12 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
325Origination Dollar Volume (All Markets)
$67,015,000Top 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) | 291 | $53,535,000 | $183,969 | $0 | 0.00% |
| BATON ROUGE, LA (FHA|USDA|VA) | 7 | $3,605,000 | $515,000 | $0 | 0.00% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 1 | $2,065,000 | $2,065,000 | $0 | 0.00% |
| Morgan City, LA (FHA|USDA|VA) | 11 | $1,995,000 | $181,364 | $0 | 0.00% |
| Opelousas, LA (FHA|USDA|VA) | 7 | $1,395,000 | $199,286 | $0 | 0.00% |
| Brookhaven, MS (FHA|USDA|VA) | 1 | $1,225,000 | $1,225,000 | $0 | 0.00% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 1 | $1,205,000 | $1,205,000 | $0 | 0.00% |
| Outside of Metro Areas | 2 | $680,000 | $340,000 | $0 | 0.00% |
| LAKE CHARLES, LA (FHA|USDA|VA) | 1 | $675,000 | $675,000 | $0 | 0.00% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $0 | 0.00% |
| NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 0.00% |
| Natchitoches, LA (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 325 | $67,015,000 | $206,200 | $0 | 0.00% |
For 2022, Community First Bank's most frequently originated type of loan was Conventional, with 325 originations.
Loan Reason
For 2022, Community First Bank's most frequently cited loan purpose was Refi, with 178 originations. The 2nd most popular reason was Home Purchase, with 135 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 325 | $67,015,000 | $206,200 | $0 | 0.00% |
For 2022, Community First Bank's most frequently cited loan duration was Other, with 325 originations.
Loan Sizing
2022 saw Community First Bank place emphasis on $100,000 or less loans with 153 originations, totaling $7,975,000 in origination value.
Applicant Income
Community First Bank lent most frequently to those with incomes in the $50k or less range, with 51 originations. The second most popular income band? $50k-75k, with 44 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 325 | $67,015,000 | $206,200 | $0 | 0.00% |
Community First Bank lent most frequently to those with DTI ratios of Exempt%, with 325 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications98.35%
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 origination90.15%
Community First Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 325 | $67,015,000 | $206,200 |
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% |