Community West Bank Mortgage Rates, Fees & Info

Goleta, CA

LEI: 549300FKX3KC0CFK2D88

Tax ID: 77-0194455

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

Review & Overview

Community West Bank is a smaller bank specializing in Home Purchase loans. Community West Bank has a high proportion of conventional loans. Their top markets by origination volume include: Santa Maria, Oxnard, Los Angeles, San Jose, and San Luis Obispo among others. We have data for 9 markets. (Some data included below & more in-depth data is available with an active subscription.)

Community West 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.

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Originations

239

Origination Dollar Volume (All Markets)

$55,455,000

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
SANTA MARIA-SANTA BARBARA, CA (FHA\|USDA\|VA)	54	$12,190,000	$225,741	$0	0.00%
OXNARD-THOUSAND OAKS-VENTURA, CA (FHA\|USDA\|VA)	61	$11,365,000	$186,311	$0	0.00%
Los Angeles-Long Beach-Anaheim, CA (FHA\|USDA\|VA)	31	$10,415,000	$335,968	$0	0.00%
SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA\|USDA\|VA)	38	$8,740,000	$230,000	$0	0.00%
SAN LUIS OBISPO-PASO ROBLES, CA (FHA\|USDA\|VA)	20	$4,340,000	$217,000	$0	0.00%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA\|USDA\|VA)	16	$2,980,000	$186,250	$0	0.00%
San Francisco-Oakland-Berkeley, CA (FHA\|USDA\|VA)	10	$2,900,000	$290,000	$0	0.00%
SANTA CRUZ-WATSONVILLE, CA (FHA\|USDA\|VA)	6	$1,640,000	$273,333	$0	0.00%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA\|USDA\|VA)	3	$885,000	$295,000	$0	0.00%

Community West Bank's top markets include Santa Maria, Oxnard, Los Angeles, San Jose, and San Luis Obispo among others.

Their top states include:

California (FHA|USDA|VA)

Product Mix

Loan Type	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Conventional	239	$55,455,000	$232,029	$0	0.00%

For 2023, Community West Bank's most frequently originated type of loan was Conventional, with 239 originations.

Loan Reason

Loan Reason	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Home Purchase	219	$52,215,000	$238,425	$0	0.00%
Cash Out Refi	18	$2,710,000	$150,556	$0	0.00%
Refi	2	$530,000	$265,000	$0	0.00%

For 2023, Community West Bank's most frequently cited loan purpose was Home Purchase, with 219 originations. The 2nd most popular reason was Cash Out Refi, with 18 originations.

Loan Duration/Length

Loan Length	Originations	Total Value	Average Loan	Average Fees	Average Rate
Other	239	$55,455,000	$232,029	$0	0.00%

For 2023, Community West Bank's most frequently cited loan duration was Other, with 239 originations.

Loan Sizing

Loan Size	Originations	Total Value	Average Loan	Average Fees	Average Rate
$200k-400k	115	$31,305,000	$272,217	$0	0.00%
$100k-200k	82	$12,590,000	$153,537	$0	0.00%
$100,000 or less	23	$1,855,000	$80,652	$0	0.00%
$400k-600k	16	$7,230,000	$451,875	$0	0.00%
$600k-1MM	3	$2,475,000	$825,000	$0	0.00%

2023 saw Community West Bank place emphasis on $200k-400k loans with 115 originations, totaling $31,305,000 in origination value.

Applicant Income

Applicant Income	Originations	Total Value	Average Loan	Average Fees	Average Rate
$100k-150k	79	$20,225,000	$256,013	$0	0.00%
$50k-75k	47	$6,545,000	$139,255	$0	0.00%
$75k-100k	47	$9,095,000	$193,511	$0	0.00%
$150k-250k	40	$10,700,000	$267,500	$0	0.00%
$250k+	22	$8,500,000	$386,364	$0	0.00%
$50k or less	4	$390,000	$97,500	$0	0.00%

Community West Bank lent most frequently to those with incomes in the $100k-150k range, with 79 originations. The second most popular income band? $50k-75k, with 47 originations.

Applicant Debt to Income Ratio

DTI Ratio	Originations	Total Value	Average Loan	Average Fees	Average Rate
Exempt%	239	$55,455,000	$232,029	$0	0.00%

Community West Bank lent most frequently to those with DTI ratios of Exempt%, with 239 originations.

Ethnicity Mix

Applicant Ethnicity	Originations	Total Value	Average Loan	Average Fees	Average Rate
White	171	$38,655,000	$226,053	$0	0.00%
Not provided	35	$8,175,000	$233,571	$0	0.00%
Asian	14	$3,440,000	$245,714	$0	0.00%
American Indian	6	$1,600,000	$266,667	$0	0.00%
Black	6	$1,430,000	$238,333	$0	0.00%
Other Asian	3	$1,025,000	$341,667	$0	0.00%
Filipino	2	$550,000	$275,000	$0	0.00%
Japanese	1	$295,000	$295,000	$0	0.00%
Vietnamese	1	$285,000	$285,000	$0	0.00%

Approval Rates

Total approvals of all applications
87.50%

Community West Bank has an average approval rate.

Pick Rate

Approvals leading to origination
72.38%

Community West Bank has a below average pick rate.

Points and Fees

Points	Originations	Total Value	Average Loan
Exempt	239	$55,455,000	$232,029

Occupancy Type Mix

Dwelling Type	Originations	Total Value	Average Loan
	239	$55,455,000	$232,029