Community Trust Mortgage Rates, Fees & Info

Gurnee, IL

LEI: 549300KZRQ03T8H2Y769

Tax ID: 36-1932435

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 Trust is a smaller mortgage company specializing in Refi loans. Community Trust has a high proportion of conventional loans. Their top (well, only) market is Chicago.

    Community Trust has an 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

    123

    Origination Dollar Volume (All Markets)

    $19,345,000

    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
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 123 $19,345,000 $157,276 $0 0.00%
    Community Trust's top markets include and Chicago among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 123 $19,345,000 $157,276 $0 0.00%

    For 2020, Community Trust's most frequently originated type of loan was Conventional, with 123 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 81 $13,305,000 $164,259 $0 0.00%
    Cash Out Refi 18 $3,310,000 $183,889 $0 0.00%
    Home Purchase 14 $2,400,000 $171,429 $0 0.00%
    Home Improvement 6 $210,000 $35,000 $0 0.00%
    Other 4 $120,000 $30,000 $0 0.00%

    For 2020, Community Trust's most frequently cited loan purpose was Refi, with 81 originations. The 2nd most popular reason was Cash Out Refi, with 18 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 123 $19,345,000 $157,276 $0 0.00%

    For 2020, Community Trust's most frequently cited loan duration was Other, with 123 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 63 $9,235,000 $146,587 $0 0.00%
    $200k-400k 32 $7,770,000 $242,813 $0 0.00%
    $100,000 or less 26 $1,510,000 $58,077 $0 0.00%
    $400k-600k 2 $830,000 $415,000 $0 0.00%

    2020 saw Community Trust place emphasis on $100k-200k loans with 63 originations, totaling $9,235,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 36 $6,420,000 $178,333 $0 0.00%
    $75k-100k 28 $4,000,000 $142,857 $0 0.00%
    $150k-250k 25 $4,935,000 $197,400 $0 0.00%
    $50k-75k 22 $2,780,000 $126,364 $0 0.00%
    $50k or less 9 $645,000 $71,667 $0 0.00%
    $250k+ 3 $565,000 $188,333 $0 0.00%

    Community Trust lent most frequently to those with incomes in the $100k-150k range, with 36 originations. The second most popular income band? $75k-100k, with 28 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 123 $19,345,000 $157,276 $0 0.00%

    Community Trust lent most frequently to those with DTI ratios of Exempt%, with 123 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 113 $18,085,000 $160,044 $0 0.00%
    Asian 4 $590,000 $147,500 $0 0.00%
    Not provided 3 $475,000 $158,333 $0 0.00%
    Native Hawaiian or Islander 1 $165,000 $165,000 $0 0.00%
    Black 1 $15,000 $15,000 $0 0.00%
    Other Pacific Islander 1 $15,000 $15,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    87.50%

    Community Trust has an average approval rate.

    Pick Rate

    Approvals leading to origination
    97.56%

    Community Trust has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 123 $19,345,000 $157,276

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 123 $19,345,000 $157,276

    Complaints

    Bank Name Product Issue 2020 CPFB Complaints % of Total Issues
    COMMUNITY BANK SYSTEM, INC. Conventional home mortgage Struggling to pay mortgage 1 33.3%
    COMMUNITY BANK SYSTEM, INC. Conventional home mortgage Trouble during payment process 1 33.3%
    COMMUNITY BANK SYSTEM, INC. Other type of mortgage Closing on a mortgage 1 33.3%