Landmark Community Bank Mortgage Rates, Fees & Info

Pittston, PA

LEI: 549300F2X31IJ1AVQ527

Tax ID: 23-3058683

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

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Landmark Community Bank is a smaller bank specializing in Refi and Home Purchase loans. Landmark Community Bank has a high proportion of conventional loans. Their top markets by origination volume include: Scranton, East Stroudsburg, and Allentown among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Landmark Community Bank has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. 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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    Originations

    67

    Origination Dollar Volume (All Markets)

    $13,565,000

    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
    SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) 64 $12,480,000 $195,000 $0 3.04%
    Outside of Metro Areas 1 $855,000 $855,000 $0 3.00%
    EAST STROUDSBURG, PA (FHA|USDA|VA) 1 $185,000 $185,000 $0 3.25%
    ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 1 $45,000 $45,000 $0 3.25%
    Landmark Community Bank's top markets include Scranton, East Stroudsburg, and Allentown among others.

    Their top states include:
  • Pennsylvania (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 67 $13,565,000 $202,463 $0 3.05%

    For 2021, Landmark Community Bank's most frequently originated type of loan was Conventional, with 67 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 31 $5,295,000 $170,806 $0 2.89%
    Home Purchase 27 $7,015,000 $259,815 $0 3.10%
    Home Improvement 6 $680,000 $113,333 $0 3.71%
    Other 3 $575,000 $191,667 $0 2.83%

    For 2021, Landmark Community Bank's most frequently cited loan purpose was Refi, with 31 originations. The 2nd most popular reason was Home Purchase, with 27 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 24 $5,640,000 $235,000 $0 2.78%
    15 Year 23 $2,985,000 $129,783 $0 3.23%
    10 Year 9 $1,815,000 $201,667 $0 3.26%
    20 Year 6 $860,000 $143,333 $0 3.17%
    30+ year 4 $2,120,000 $530,000 $0 3.06%
    Other 1 $145,000 $145,000 $0 2.50%

    For 2021, Landmark Community Bank's most frequently cited loan duration was 30 Year, with 24 originations. The 2nd most popular length was 15 Year, with 23 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 27 $4,185,000 $155,000
    2.5-3% 21 $5,945,000 $283,095
    <2.5% 16 $3,200,000 $200,000
    4-5% 3 $235,000 $78,333

    During 2021, Landmark Community Bank's average interest rate for loans was 2.78%, while their most frequently originated rate bucket for loans was 3-4%, with 27 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 25 $3,515,000 $140,600 $0 3.05%
    $200k-400k 21 $5,825,000 $277,381 $0 2.77%
    $100,000 or less 16 $950,000 $59,375 $0 3.38%
    $400k-600k 3 $1,415,000 $471,667 $0 2.96%
    $1MM+ 1 $1,005,000 $1,005,000 $0 3.50%
    $600k-1MM 1 $855,000 $855,000 $0 3.00%

    2021 saw Landmark Community Bank place emphasis on $100k-200k loans with 25 originations, totaling $3,515,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 18 $2,310,000 $128,333 $0 2.88%
    $100k-150k 14 $2,920,000 $208,571 $0 2.90%
    $75k-100k 9 $2,095,000 $232,778 $0 2.90%
    $150k-250k 8 $2,080,000 $260,000 $0 2.84%
    $50k or less 7 $605,000 $86,429 $0 3.27%
    $250k+ 5 $2,015,000 $403,000 $0 3.34%

    Landmark Community Bank lent most frequently to those with incomes in the $50k-75k range, with 18 originations. The second most popular income band? $100k-150k, with 14 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 67 $13,565,000 $202,463 $0 3.05%

    Landmark Community Bank lent most frequently to those with DTI ratios of Exempt%, with 67 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 58 $11,300,000 $194,828 $0 2.98%
    Not applicable 6 $1,540,000 $256,667 $0 3.87%
    Asian 1 $285,000 $285,000 $0 2.88%
    Asian Indian 1 $275,000 $275,000 $0 2.50%
    Black 1 $165,000 $165,000 $0 2.63%

    Approval Rates

    Total approvals of all applications
    88.24%

    Landmark Community Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    88.06%

    Landmark Community Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 67 $13,565,000 $202,463

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    67 $13,565,000 $202,463

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 6 $520,000 $86,667 $0 3.39%
    40-60% 8 $1,490,000 $186,250 $0 2.89%
    60-80% 33 $6,025,000 $182,576 $0 2.99%
    80-100% 16 $5,240,000 $327,500 $0 2.92%
    Over 100% 1 $135,000 $135,000 $0 3.75%
    Under 20% 3 $155,000 $51,667 $0 3.77%

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    Landmark Mortgage LLC Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 100.0%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Landmark Community Bank 1000 Wyoming Ave Wyoming, PA 18644 Full Service B&M $51,592
    Landmark Community Bank 2 South Main Street Pittston, PA 18640 Full Service B&M $151,002
    Landmark Community Bank 3016 Pittston Avenue Scranton, PA 18503 Full Service B&M $28,470
    Landmark Community Bank 383 South Poplar Street Hazleton, PA 18201 Full Service B&M $55,965
    Landmark Community Bank 781 Airport Road Hazle Township, PA 18202 Full Service B&M $21,409

    For 2021, Landmark Community Bank had 5 branches.

    Yearly Performance Overview