Community National Bank Mortgage Rates, Fees & Info

Dayton, TN

LEI: 549300NRC5FNSH7RL312

Tax ID: 62-0718567

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Jump to:

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 National Bank is a smaller bank specializing in Home Purchase and Refi loans. Community National Bank has a high proportion of conventional loans. Their top markets by origination volume include: Chattanooga, Dayton, and Hilton Head Island among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Community National Bank 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.

    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

    102

    Origination Dollar Volume (All Markets)

    $19,250,000

    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
    CHATTANOOGA, TN-GA (FHA|USDA|VA) 72 $16,440,000 $228,333 $0 0.00%
    Dayton, TN (FHA|USDA|VA) 27 $1,895,000 $70,185 $0 0.00%
    HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 1 $805,000 $805,000 $0 0.00%
    Outside of Metro Areas 2 $110,000 $55,000 $0 0.00%
    Community National Bank's top markets include Chattanooga, Dayton, and Hilton Head Island among others.

    Their top states include:
  • Tennessee (FHA|USDA|VA)
  • Georgia (FHA|USDA|VA)
  • South Carolina (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 102 $19,250,000 $188,725 $0 0.00%

    For 2018, Community National Bank's most frequently originated type of loan was Conventional, with 102 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 57 $10,185,000 $178,684 $0 0.00%
    Refi 37 $8,575,000 $231,757 $0 0.00%
    Home Improvement 6 $370,000 $61,667 $0 0.00%
    Other 2 $120,000 $60,000 $0 0.00%

    For 2018, Community National Bank's most frequently cited loan purpose was Home Purchase, with 57 originations. The 2nd most popular reason was Refi, with 37 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 102 $19,250,000 $188,725 $0 0.00%

    For 2018, Community National Bank's most frequently cited loan duration was Other, with 102 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 55 $3,245,000 $59,000 $0 0.00%
    $100k-200k 26 $3,240,000 $124,615 $0 0.00%
    $200k-400k 10 $3,100,000 $310,000 $0 0.00%
    $600k-1MM 6 $5,070,000 $845,000 $0 0.00%
    $400k-600k 3 $1,605,000 $535,000 $0 0.00%
    $1MM+ 2 $2,990,000 $1,495,000 $0 0.00%

    2018 saw Community National Bank place emphasis on $100,000 or less loans with 55 originations, totaling $3,245,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 20 $1,600,000 $80,000 $0 0.00%
    $50k or less 15 $865,000 $57,667 $0 0.00%
    $75k-100k 10 $610,000 $61,000 $0 0.00%
    $250k+ 7 $2,935,000 $419,286 $0 0.00%
    $150k-250k 4 $430,000 $107,500 $0 0.00%
    $100k-150k 2 $240,000 $120,000 $0 0.00%

    Community National Bank lent most frequently to those with incomes in the $50k-75k range, with 20 originations. The second most popular income band? $50k or less, with 15 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 102 $19,250,000 $188,725 $0 0.00%

    Community National Bank lent most frequently to those with DTI ratios of Exempt%, with 102 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 44 $12,570,000 $285,682 $0 0.00%
    White 56 $6,330,000 $113,036 $0 0.00%
    Black 1 $305,000 $305,000 $0 0.00%
    American Indian 1 $45,000 $45,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    97.37%

    Community National 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
    93.14%

    Community National Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 102 $19,250,000 $188,725

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 9 $7,745,000 $860,556
    Single Family (1-4 Units):Manufactured 13 $865,000 $66,538
    Single Family (1-4 Units):Site-Built 80 $10,640,000 $133,000

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    Community Loan Fund of New Jersey, Inc Conventional home mortgage Struggling to pay mortgage 1 100.0%