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, San Jose, Oxnard, Los Angeles, and San Diego among others. We have data for 8 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

284

Origination Dollar Volume (All Markets)

$66,790,000

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)	68	$16,620,000	$244,412	$0	0.00%
SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA\|USDA\|VA)	58	$13,480,000	$232,414	$0	0.00%
OXNARD-THOUSAND OAKS-VENTURA, CA (FHA\|USDA\|VA)	66	$13,380,000	$202,727	$0	0.00%
Los Angeles-Long Beach-Anaheim, CA (FHA\|USDA\|VA)	37	$12,365,000	$334,189	$0	0.00%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA\|USDA\|VA)	27	$4,815,000	$178,333	$0	0.00%
SAN LUIS OBISPO-PASO ROBLES, CA (FHA\|USDA\|VA)	15	$3,275,000	$218,333	$0	0.00%
SANTA CRUZ-WATSONVILLE, CA (FHA\|USDA\|VA)	8	$2,110,000	$263,750	$0	0.00%
San Francisco-Oakland-Berkeley, CA (FHA\|USDA\|VA)	5	$745,000	$149,000	$0	0.00%

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

Their top states include:

California (FHA|USDA|VA)

Product Mix

Loan Type	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Conventional	284	$66,790,000	$235,176	$0	0.00%

For 2022, Community West Bank's most frequently originated type of loan was Conventional, with 284 originations.

Loan Reason

Loan Reason	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Home Purchase	225	$55,045,000	$244,644	$0	0.00%
Refi	30	$6,190,000	$206,333	$0	0.00%
Cash Out Refi	29	$5,555,000	$191,552	$0	0.00%

For 2022, Community West Bank's most frequently cited loan purpose was Home Purchase, with 225 originations. The 2nd most popular reason was Refi, with 30 originations.

Loan Duration/Length

Loan Length	Originations	Total Value	Average Loan	Average Fees	Average Rate
Other	284	$66,790,000	$235,176	$0	0.00%

For 2022, Community West Bank's most frequently cited loan duration was Other, with 284 originations.

Loan Sizing

Loan Size	Originations	Total Value	Average Loan	Average Fees	Average Rate
$200k-400k	137	$37,365,000	$272,737	$0	0.00%
$100k-200k	97	$14,545,000	$149,948	$0	0.00%
$100,000 or less	24	$1,810,000	$75,417	$0	0.00%
$400k-600k	23	$10,675,000	$464,130	$0	0.00%
$600k-1MM	3	$2,395,000	$798,333	$0	0.00%

2022 saw Community West Bank place emphasis on $200k-400k loans with 137 originations, totaling $37,365,000 in origination value.

Applicant Income

Applicant Income	Originations	Total Value	Average Loan	Average Fees	Average Rate
$100k-150k	76	$19,880,000	$261,579	$0	0.00%
$50k-75k	64	$10,390,000	$162,344	$0	0.00%
$75k-100k	63	$13,855,000	$219,921	$0	0.00%
$150k-250k	52	$14,870,000	$285,962	$0	0.00%
$250k+	17	$6,575,000	$386,765	$0	0.00%
$50k or less	12	$1,220,000	$101,667	$0	0.00%

Community West Bank lent most frequently to those with incomes in the $100k-150k range, with 76 originations. The second most popular income band? $50k-75k, with 64 originations.

Applicant Debt to Income Ratio

DTI Ratio	Originations	Total Value	Average Loan	Average Fees	Average Rate
Exempt%	284	$66,790,000	$235,176	$0	0.00%

Community West Bank lent most frequently to those with DTI ratios of Exempt%, with 284 originations.

Ethnicity Mix

Applicant Ethnicity	Originations	Total Value	Average Loan	Average Fees	Average Rate
White	214	$49,510,000	$231,355	$0	0.00%
Not provided	36	$9,700,000	$269,444	$0	0.00%
Asian	19	$4,145,000	$218,158	$0	0.00%
American Indian	11	$2,335,000	$212,273	$0	0.00%
Black	1	$405,000	$405,000	$0	0.00%
Native Hawaiian or Islander	1	$315,000	$315,000	$0	0.00%
Chinese	1	$265,000	$265,000	$0	0.00%
Native Hawaiian	1	$115,000	$115,000	$0	0.00%

Approval Rates

Total approvals of all applications
84.38%

Community West Bank has a below average approval rate.

Pick Rate

Approvals leading to origination
66.90%

Community West Bank has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

Points and Fees

Points	Originations	Total Value	Average Loan
Exempt	284	$66,790,000	$235,176

Occupancy Type Mix

Dwelling Type	Originations	Total Value	Average Loan
	284	$66,790,000	$235,176

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%