Community National Bank Mortgage Rates, Fees & Info
Dayton, TNLEI: 549300NRC5FNSH7RL312
Tax ID: 62-0718567
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Mortgage Data
Review & Overview
Community National Bank is a smaller bank specializing in Home Purchase loans. Community National Bank has a high proportion of conventional loans. Their top markets by origination volume include: Chattanooga, Dayton, and Cleveland 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.
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Originations
89Origination Dollar Volume (All Markets)
$17,795,000Top 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 |
|---|---|---|---|---|---|
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 61 | $13,115,000 | $215,000 | $0 | 0.00% |
| Dayton, TN (FHA|USDA|VA) | 21 | $4,365,000 | $207,857 | $0 | 0.00% |
| Outside of Metro Areas | 5 | $195,000 | $39,000 | $0 | 0.00% |
| CLEVELAND, TN (FHA|USDA|VA) | 2 | $120,000 | $60,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 89 | $17,795,000 | $199,944 | $0 | 0.00% |
For 2019, Community National Bank's most frequently originated type of loan was Conventional, with 89 originations.
Loan Reason
For 2019, Community National Bank's most frequently cited loan purpose was Home Purchase, with 62 originations. The 2nd most popular reason was Refi, with 14 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 89 | $17,795,000 | $199,944 | $0 | 0.00% |
For 2019, Community National Bank's most frequently cited loan duration was Other, with 89 originations.
Loan Sizing
2019 saw Community National Bank place emphasis on $100,000 or less loans with 54 originations, totaling $2,920,000 in origination value.
Applicant Income
Community National Bank lent most frequently to those with incomes in the $150k-250k range, with 15 originations. The second most popular income band? $50k or less, with 11 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 89 | $17,795,000 | $199,944 | $0 | 0.00% |
Community National Bank lent most frequently to those with DTI ratios of Exempt%, with 89 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications98.90%
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 origination98.88%
Community National Bank 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 | 89 | $17,795,000 | $199,944 |
Occupancy Type Mix
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% |