Community Bank Of The Chesapeake Mortgage Rates, Fees & Info
WALDORF, MDLEI: 549300G9EOR2GPHM0550
Tax ID: 52-0692188
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Mortgage Data
Review & Overview
Community Bank Of The Chesapeake is a smaller bank specializing in Home Purchase loans. Community Bank Of The Chesapeake has a high proportion of conventional loans. Their top markets by origination volume include: Virginia Beach, Winchester, Richmond, Washington, and California among others. We have data for 14 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
87Origination Dollar Volume (All Markets)
$137,835,000Top 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 |
|---|---|---|---|---|---|
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 5 | $69,595,000 | $13,919,000 | $0 | 0.00% |
| WINCHESTER, VA-WV (FHA|USDA|VA) | 1 | $20,585,000 | $20,585,000 | $0 | 0.00% |
| RICHMOND, VA (FHA|USDA|VA) | 3 | $17,545,000 | $5,848,333 | $0 | 0.00% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 32 | $9,680,000 | $302,500 | $0 | 0.00% |
| CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA) | 19 | $6,265,000 | $329,737 | $0 | 0.00% |
| COLUMBIA, SC (FHA|USDA|VA) | 1 | $3,605,000 | $3,605,000 | $0 | 0.00% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 6 | $3,160,000 | $526,667 | $0 | 0.00% |
| Outside of Metro Areas | 9 | $2,785,000 | $309,444 | $0 | 0.00% |
| CHARLOTTESVILLE, VA (FHA|USDA|VA) | 6 | $2,490,000 | $415,000 | $0 | 0.00% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 1 | $585,000 | $585,000 | $0 | 0.00% |
| JACKSONVILLE, NC (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $0 | 0.00% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $0 | 0.00% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $0 | 0.00% |
| Kill Devil Hills, NC (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 87 | $137,835,000 | $1,584,310 | $0 | 0.00% |
For 2022, Community Bank Of The Chesapeake's most frequently originated type of loan was Conventional, with 87 originations.
Loan Reason
For 2022, Community Bank Of The Chesapeake's most frequently cited loan purpose was Home Purchase, with 52 originations. The 2nd most popular reason was Refi, with 20 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 87 | $137,835,000 | $1,584,310 | $0 | 0.00% |
For 2022, Community Bank Of The Chesapeake's most frequently cited loan duration was Other, with 87 originations.
Loan Sizing
2022 saw Community Bank Of The Chesapeake place emphasis on $200k-400k loans with 32 originations, totaling $9,240,000 in origination value.
Applicant Income
Community Bank Of The Chesapeake lent most frequently to those with incomes in the $250k+ range, with 8 originations. The second most popular income band? $50k-75k, with 8 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 87 | $137,835,000 | $1,584,310 | $0 | 0.00% |
Community Bank Of The Chesapeake lent most frequently to those with DTI ratios of Exempt%, with 87 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications83.85%
Community Bank Of The Chesapeake has a below average approval rate.
Pick Rate
Approvals leading to origination78.16%
Community Bank Of The Chesapeake has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 87 | $137,835,000 | $1,584,310 |
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% |