Community Point Bank Mortgage Rates, Fees & Info

Russellville, MO

LEI: 549300I2ZQ0VQPC4Z224

Tax ID: 44-0207350

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 Point Bank is a smaller bank specializing in Cash Out Refi and Home Purchase loans. Community Point Bank has a high proportion of conventional loans. Their top two markets are Jefferson City and Columbia .

    Community Point Bank has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders.

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    Originations

    40

    Origination Dollar Volume (All Markets)

    $5,300,000

    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
    JEFFERSON CITY, MO (FHA|USDA|VA) 24 $3,290,000 $137,083 $0 0.00%
    Outside of Metro Areas 14 $1,830,000 $130,714 $0 0.00%
    COLUMBIA, MO (FHA|USDA|VA) 2 $180,000 $90,000 $0 0.00%
    Community Point Bank's top markets include Jefferson City and Columbia among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 40 $5,300,000 $132,500 $0 0.00%

    For 2018, Community Point Bank's most frequently originated type of loan was Conventional, with 40 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 20 $2,300,000 $115,000 $0 0.00%
    Home Purchase 19 $2,905,000 $152,895 $0 0.00%
    Home Improvement 1 $95,000 $95,000 $0 0.00%

    For 2018, Community Point Bank's most frequently cited loan purpose was Cash Out Refi, with 20 originations. The 2nd most popular reason was Home Purchase, with 19 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 40 $5,300,000 $132,500 $0 0.00%

    For 2018, Community Point Bank's most frequently cited loan duration was Other, with 40 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 18 $1,350,000 $75,000 $0 0.00%
    $100k-200k 16 $2,430,000 $151,875 $0 0.00%
    $200k-400k 6 $1,520,000 $253,333 $0 0.00%

    2018 saw Community Point Bank place emphasis on $100,000 or less loans with 18 originations, totaling $1,350,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $75k-100k 15 $2,085,000 $139,000 $0 0.00%
    $50k or less 12 $1,200,000 $100,000 $0 0.00%
    $50k-75k 6 $920,000 $153,333 $0 0.00%
    $100k-150k 4 $890,000 $222,500 $0 0.00%

    Community Point Bank lent most frequently to those with incomes in the $75k-100k range, with 15 originations. The second most popular income band? $50k or less, with 12 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 40 $5,300,000 $132,500 $0 0.00%

    Community Point Bank lent most frequently to those with DTI ratios of Exempt%, with 40 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 38 $5,120,000 $134,737 $0 0.00%
    Not applicable 2 $180,000 $90,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    95.56%

    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 origination
    92.50%

    Community Point Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 40 $5,300,000 $132,500

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 2 $150,000 $75,000
    Single Family (1-4 Units):Site-Built 38 $5,150,000 $135,526

    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%