Community Bank Of Trenton Mortgage Rates, Fees & Info
Trenton, ILLEI: 549300MGDBENMLUYMI91
Tax ID: 37-0817404
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Community Bank Of Trenton is a smaller bank specializing in Home Purchase and Refi loans. Community Bank Of Trenton has a high proportion of conventional loans. Their top markets by origination volume include: St. Louis, Centralia, Little Rock, Springfield, and Mount Vernon among others. We have data for 6 markets. (Some data included below & more in-depth data is available with an active subscription.)Community Bank Of Trenton 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
148Origination Dollar Volume (All Markets)
$26,120,000Top 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 |
|---|---|---|---|---|---|
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 134 | $23,050,000 | $172,015 | $0 | 0.00% |
| Outside of Metro Areas | 8 | $1,770,000 | $221,250 | $0 | 0.00% |
| Centralia, IL (FHA|USDA|VA) | 3 | $475,000 | $158,333 | $0 | 0.00% |
| LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $0 | 0.00% |
| SPRINGFIELD, IL (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 0.00% |
| Mount Vernon, IL (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 0.00% |
Similar Lenders
We use machine learning to identify the top lenders compared against Community Bank of Trenton based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 148 | $26,120,000 | $176,486 | $0 | 0.00% |
For 2022, Community Bank Of Trenton's most frequently originated type of loan was Conventional, with 148 originations.
Loan Reason
For 2022, Community Bank Of Trenton's most frequently cited loan purpose was Home Purchase, with 85 originations. The 2nd most popular reason was Cash Out Refi, with 36 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 148 | $26,120,000 | $176,486 | $0 | 0.00% |
For 2022, Community Bank Of Trenton's most frequently cited loan duration was Other, with 148 originations.
Loan Sizing
2022 saw Community Bank Of Trenton place emphasis on $100k-200k loans with 56 originations, totaling $7,960,000 in origination value.
Applicant Income
Community Bank Of Trenton lent most frequently to those with incomes in the $100k-150k range, with 26 originations. The second most popular income band? $50k-75k, with 23 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 148 | $26,120,000 | $176,486 | $0 | 0.00% |
Community Bank Of Trenton lent most frequently to those with DTI ratios of Exempt%, with 148 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications99.34%
Community Bank Of Trenton has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination97.97%
Community Bank Of Trenton 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 | 148 | $26,120,000 | $176,486 |
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% |