Community Bank Of The Chesapeake Mortgage Rates, Fees & Info
WALDORF, MDLEI: 549300G9EOR2GPHM0550
Tax ID: 52-0692188
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Community Bank Of The Chesapeake is a smaller bank specializing in Home Purchase, Refi, and Cash Out Refi loans. Community Bank Of The Chesapeake has a high proportion of conventional loans. Their top markets by origination volume include: Washington, Baltimore, Richmond, California, and Charleston among others. We have data for 12 markets. (Some data included below & more in-depth data is available with an active subscription.)Community Bank Of The Chesapeake 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
122Origination Dollar Volume (All Markets)
$80,960,000Top 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 |
|---|---|---|---|---|---|
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 55 | $25,255,000 | $459,182 | $0 | 0.00% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 6 | $15,640,000 | $2,606,667 | $0 | 0.00% |
| RICHMOND, VA (FHA|USDA|VA) | 1 | $15,205,000 | $15,205,000 | $0 | 0.00% |
| Outside of Metro Areas | 17 | $9,395,000 | $552,647 | $0 | 0.00% |
| CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA) | 34 | $8,060,000 | $237,059 | $0 | 0.00% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 1 | $4,205,000 | $4,205,000 | $0 | 0.00% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 2 | $1,060,000 | $530,000 | $0 | 0.00% |
| Kill Devil Hills, NC (FHA|USDA|VA) | 1 | $945,000 | $945,000 | $0 | 0.00% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 1 | $705,000 | $705,000 | $0 | 0.00% |
| Easton, MD (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $0 | 0.00% |
| WINCHESTER, VA-WV (FHA|USDA|VA) | 2 | $150,000 | $75,000 | $0 | 0.00% |
| CHARLOTTESVILLE, VA (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 122 | $80,960,000 | $663,607 | $0 | 0.00% |
For 2021, Community Bank Of The Chesapeake's most frequently originated type of loan was Conventional, with 122 originations.
Loan Reason
For 2021, Community Bank Of The Chesapeake's most frequently cited loan purpose was Home Purchase, with 64 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 | 122 | $80,960,000 | $663,607 | $0 | 0.00% |
For 2021, Community Bank Of The Chesapeake's most frequently cited loan duration was Other, with 122 originations.
Loan Sizing
2021 saw Community Bank Of The Chesapeake place emphasis on $200k-400k loans with 47 originations, totaling $12,345,000 in origination value.
Applicant Income
Community Bank Of The Chesapeake lent most frequently to those with incomes in the $250k+ range, with 16 originations. The second most popular income band? $75k-100k, with 12 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 122 | $80,960,000 | $663,607 | $0 | 0.00% |
Community Bank Of The Chesapeake lent most frequently to those with DTI ratios of Exempt%, with 122 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications87.93%
Community Bank Of The Chesapeake has an average approval rate.
Pick Rate
Approvals leading to origination78.69%
Community Bank Of The Chesapeake has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 122 | $80,960,000 | $663,607 |
Complaints
| Bank Name | Product | Issue | 2021 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| COMMUNITY BANK SYSTEM, INC. | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 50.0% |
| COMMUNITY BANK SYSTEM, INC. | Home equity loan or line of credit (HELOC) | Closing on a mortgage | 1 | 50.0% |