Community Point Bank Mortgage Rates, Fees & Info
Russellville, MOLEI: 549300I2ZQ0VQPC4Z224
Tax ID: 44-0207350
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Mortgage Data
Review & Overview
Community Point Bank is a smaller bank specializing in Home Purchase and Refi loans. Community Point Bank has a high proportion of conventional loans. Their top (well, only) market is Jefferson City.Community Point Bank has an above 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
43Origination Dollar Volume (All Markets)
$10,755,000Top 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 |
|---|---|---|---|---|---|
| Outside of Metro Areas | 20 | $5,940,000 | $297,000 | $0 | 0.00% |
| JEFFERSON CITY, MO (FHA|USDA|VA) | 23 | $4,815,000 | $209,348 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 43 | $10,755,000 | $250,116 | $0 | 0.00% |
For 2023, Community Point Bank's most frequently originated type of loan was Conventional, with 43 originations.
Loan Reason
For 2023, Community Point Bank's most frequently cited loan purpose was Home Purchase, with 21 originations. The 2nd most popular reason was Refi, with 15 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 43 | $10,755,000 | $250,116 | $0 | 0.00% |
For 2023, Community Point Bank's most frequently cited loan duration was Other, with 43 originations.
Loan Sizing
2023 saw Community Point Bank place emphasis on $100k-200k loans with 15 originations, totaling $2,185,000 in origination value.
Applicant Income
Community Point Bank lent most frequently to those with incomes in the $100k-150k range, with 12 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% | 43 | $10,755,000 | $250,116 | $0 | 0.00% |
Community Point Bank lent most frequently to those with DTI ratios of Exempt%, with 43 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 42 | $10,630,000 | $253,095 | $0 | 0.00% |
| Not applicable | 1 | $125,000 | $125,000 | $0 | 0.00% |
Approval Rates
Total approvals of all applications100.00%
Community Point Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination86.05%
Community Point Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 43 | $10,755,000 | $250,116 |