Community Bank And Trust Of Florida Mortgage Rates, Fees & Info
Ocala, FLLEI: 549300LUCOCGXCNJ8P53
Tax ID: 59-3472696
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage Data
Review & Overview
Community Bank And Trust Of Florida is a smaller bank specializing in Home Purchase loans. Community Bank And Trust Of Florida has a high proportion of conventional loans. Their top markets by origination volume include: Miami, Ocala, Deltona, Gainesville, and Homosassa Springs among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)Community Bank And Trust Of Florida has a below average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Community Bank And Trust Of Florida is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.
We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.
Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.
Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.
Originations
24Origination Dollar Volume (All Markets)
$9,150,000Top 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 |
|---|---|---|---|---|---|
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 1 | $4,005,000 | $4,005,000 | $0 | 4.00% |
| OCALA, FL (FHA|USDA|VA) | 17 | $3,285,000 | $193,235 | $4,717 | 4.76% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 2 | $890,000 | $445,000 | $6,669 | 4.74% |
| GAINESVILLE, FL (FHA|USDA|VA) | 3 | $595,000 | $198,333 | $0 | 6.00% |
| HOMOSASSA SPRINGS, FL (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $6,939 | 4.50% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 24 | $9,150,000 | $381,250 | $5,039 | 4.87% |
For 2019, Community Bank And Trust Of Florida's most frequently originated type of loan was Conventional, with 24 originations.
Loan Reason
For 2019, Community Bank And Trust Of Florida's most frequently cited loan purpose was Home Purchase, with 16 originations. The 2nd most popular reason was Refi, with 4 originations.
Loan Duration/Length
For 2019, Community Bank And Trust Of Florida's most frequently cited loan duration was 15 Year, with 7 originations. The 2nd most popular length was Other, with 5 originations.
Origination Fees/Closing Costs
Community Bank And Trust Of Florida's average total fees were $3,807, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 8 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 4-5% | 12 | $2,750,000 | $229,167 |
| 5-6% | 5 | $1,245,000 | $249,000 |
| 3-4% | 4 | $4,660,000 | $1,165,000 |
| 6-7% | 3 | $495,000 | $165,000 |
During 2019, Community Bank And Trust Of Florida's average interest rate for loans was 4.84%, while their most frequently originated rate bucket for loans was 4-5%, with 12 originations.
Loan Sizing
2019 saw Community Bank And Trust Of Florida place emphasis on $100k-200k loans with 9 originations, totaling $1,355,000 in origination value.
Applicant Income
Community Bank And Trust Of Florida lent most frequently to those with incomes in the $250k+ range, with 4 originations. The second most popular income band? $50k or less, with 4 originations.
Applicant Debt to Income Ratio
Community Bank And Trust Of Florida lent most frequently to those with DTI ratios of 20-30%, with 6 originations. The next most common DTI ratio? 30-36%, with 5 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications65.05%
Community Bank And Trust Of Florida has a low approval rate. They may have poor market targeting or stringent lending standards.
Pick Rate
Approvals leading to origination-66.67%
Community Bank And Trust Of Florida has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 24 | $9,150,000 | $381,250 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Multifamily:Site-Built | 1 | $355,000 | $355,000 |
| Single Family (1-4 Units):Site-Built | 23 | $8,795,000 | $382,391 |
LTV Distribution
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% |