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 Home Purchase and Cash Out 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

    18

    Origination Dollar Volume (All Markets)

    $2,290,000

    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) 12 $1,580,000 $131,667 $0 0.00%
    Outside of Metro Areas 6 $710,000 $118,333 $0 0.00%
    Community Point Bank's top markets include and Jefferson City among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 18 $2,290,000 $127,222 $0 0.00%

    For 2019, Community Point Bank's most frequently originated type of loan was Conventional, with 18 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 9 $1,265,000 $140,556 $0 0.00%
    Cash Out Refi 6 $930,000 $155,000 $0 0.00%
    Other 3 $95,000 $31,667 $0 0.00%

    For 2019, Community Point Bank's most frequently cited loan purpose was Home Purchase, with 9 originations. The 2nd most popular reason was Cash Out Refi, with 6 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 18 $2,290,000 $127,222 $0 0.00%

    For 2019, Community Point Bank's most frequently cited loan duration was Other, with 18 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 9 $1,335,000 $148,333 $0 0.00%
    $100,000 or less 7 $415,000 $59,286 $0 0.00%
    $200k-400k 2 $540,000 $270,000 $0 0.00%

    2019 saw Community Point Bank place emphasis on $100k-200k loans with 9 originations, totaling $1,335,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 6 $480,000 $80,000 $0 0.00%
    $75k-100k 6 $910,000 $151,667 $0 0.00%
    $50k-75k 5 $625,000 $125,000 $0 0.00%
    $150k-250k 1 $275,000 $275,000 $0 0.00%

    Community Point Bank lent most frequently to those with incomes in the $50k or less range, with 6 originations. The second most popular income band? $75k-100k, with 6 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 18 $2,290,000 $127,222 $0 0.00%

    Community Point Bank lent most frequently to those with DTI ratios of Exempt%, with 18 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 18 $2,290,000 $127,222 $0 0.00%

    Approval Rates

    Total approvals of all applications
    95.45%

    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
    83.33%

    Community Point Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 18 $2,290,000 $127,222

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 18 $2,290,000 $127,222

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    COMMUNITY BANK SYSTEM, INC. Conventional home mortgage Closing on a mortgage 1 20.0%
    COMMUNITY BANK SYSTEM, INC. Conventional home mortgage Trouble during payment process 3 60.0%
    COMMUNITY BANK SYSTEM, INC. Home equity loan or line of credit (HELOC) Closing on a mortgage 1 20.0%