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 Cash Out Refi and Home Purchase loans. Community Trust has a high proportion of conventional loans. Their top (well, only) market is Chicago.

    Community Trust 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

    68

    Origination Dollar Volume (All Markets)

    $8,280,000

    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) 68 $8,280,000 $121,765 $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 68 $8,280,000 $121,765 $0 0.00%

    For 2022, Community Trust's most frequently originated type of loan was Conventional, with 68 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 24 $3,170,000 $132,083 $0 0.00%
    Home Purchase 16 $3,120,000 $195,000 $0 0.00%
    Other 12 $550,000 $45,833 $0 0.00%
    Refi 10 $1,140,000 $114,000 $0 0.00%
    Home Improvement 6 $300,000 $50,000 $0 0.00%

    For 2022, Community Trust's most frequently cited loan purpose was Cash Out Refi, with 24 originations. The 2nd most popular reason was Home Purchase, with 16 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 68 $8,280,000 $121,765 $0 0.00%

    For 2022, Community Trust's most frequently cited loan duration was Other, with 68 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 34 $1,800,000 $52,941 $0 0.00%
    $100k-200k 22 $3,300,000 $150,000 $0 0.00%
    $200k-400k 11 $2,715,000 $246,818 $0 0.00%
    $400k-600k 1 $465,000 $465,000 $0 0.00%

    2022 saw Community Trust place emphasis on $100,000 or less loans with 34 originations, totaling $1,800,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 29 $3,735,000 $128,793 $0 0.00%
    $50k-75k 17 $1,915,000 $112,647 $0 0.00%
    $75k-100k 11 $855,000 $77,727 $0 0.00%
    $150k-250k 6 $1,470,000 $245,000 $0 0.00%
    $50k or less 5 $305,000 $61,000 $0 0.00%

    Community Trust lent most frequently to those with incomes in the $100k-150k range, with 29 originations. The second most popular income band? $50k-75k, with 17 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 68 $8,280,000 $121,765 $0 0.00%

    Community Trust lent most frequently to those with DTI ratios of Exempt%, with 68 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 62 $7,430,000 $119,839 $0 0.00%
    Not provided 3 $495,000 $165,000 $0 0.00%
    Black 2 $320,000 $160,000 $0 0.00%
    Asian 1 $35,000 $35,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    90.22%

    Community Trust has an average approval rate.

    Pick Rate

    Approvals leading to origination
    80.88%

    Community Trust has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 68 $8,280,000 $121,765

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    68 $8,280,000 $121,765

    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%