Community Bank Mortgage Rates, Fees & Info

Dunlap, IA

LEI: 549300FVMNIRTHZI8Z30

Tax ID: 42-0225290

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

    Community Bank is a smaller bank specializing in Home Purchase, Refi, and Cash Out Refi loans. Community Bank has a high proportion of conventional loans. Their top (well, only) market is Omaha.

    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.

    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

    33

    Origination Dollar Volume (All Markets)

    $1,975,000

    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
    OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) 13 $1,065,000 $81,923 $0 0.00%
    Outside of Metro Areas 20 $910,000 $45,500 $0 0.00%
    Community Bank's top markets include and Omaha among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 33 $1,975,000 $59,848 $0 0.00%

    For 2018, Community Bank's most frequently originated type of loan was Conventional, with 33 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 17 $995,000 $58,529 $0 0.00%
    Refi 7 $465,000 $66,429 $0 0.00%
    Cash Out Refi 6 $460,000 $76,667 $0 0.00%
    Other 2 $40,000 $20,000 $0 0.00%
    Home Improvement 1 $15,000 $15,000 $0 0.00%

    For 2018, Community Bank's most frequently cited loan purpose was Home Purchase, with 17 originations. The 2nd most popular reason was Refi, with 7 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 33 $1,975,000 $59,848 $0 0.00%

    For 2018, Community Bank's most frequently cited loan duration was Other, with 33 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 28 $1,230,000 $43,929 $0 0.00%
    $100k-200k 4 $480,000 $120,000 $0 0.00%
    $200k-400k 1 $265,000 $265,000 $0 0.00%

    2018 saw Community Bank place emphasis on $100,000 or less loans with 28 originations, totaling $1,230,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 10 $360,000 $36,000 $0 0.00%
    $50k-75k 9 $595,000 $66,111 $0 0.00%
    $75k-100k 7 $435,000 $62,143 $0 0.00%
    $100k-150k 4 $230,000 $57,500 $0 0.00%
    $150k-250k 1 $265,000 $265,000 $0 0.00%

    Community Bank lent most frequently to those with incomes in the $50k or less range, with 10 originations. The second most popular income band? $50k-75k, with 9 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 33 $1,975,000 $59,848 $0 0.00%

    Community Bank lent most frequently to those with DTI ratios of Exempt%, with 33 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 32 $1,910,000 $59,688 $0 0.00%
    Not applicable 1 $65,000 $65,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    85.42%

    Community Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    75.76%

    Community Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 33 $1,975,000 $59,848

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 3 $225,000 $75,000
    Single Family (1-4 Units):Site-Built 30 $1,750,000 $58,333

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    Community Lending of America, Inc. VA mortgage Closing on a mortgage 1 100.0%