Sherwood Community Bank Mortgage Rates, Fees & Info

CREIGHTON, MO

LEI: 549300OZM8CQ84QZFF17

Tax ID: 44-0161800

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

    Sherwood Community Bank is a smaller bank specializing in Home Purchase and Refi loans. Sherwood Community Bank has a high proportion of conventional loans. Their top (well, only) market is Kansas City.

    Sherwood Community Bank has an average approval rate when compared to the average across all lenders.

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    Originations

    25

    Origination Dollar Volume (All Markets)

    $2,555,000

    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
    KANSAS CITY, MO-KS (FHA|USDA|VA) 21 $2,475,000 $117,857 $0 0.00%
    Outside of Metro Areas 4 $80,000 $20,000 $0 0.00%
    Sherwood Community Bank's top markets include and Kansas City among others.

    Their top states include:
  • Missouri (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 25 $2,555,000 $102,200 $0 0.00%

    For 2018, Sherwood Community Bank's most frequently originated type of loan was Conventional, with 25 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 13 $1,515,000 $116,538 $0 0.00%
    Cash Out Refi 7 $195,000 $27,857 $0 0.00%
    Home Improvement 3 $75,000 $25,000 $0 0.00%
    NA 1 $85,000 $85,000 $0 0.00%
    Refi 1 $685,000 $685,000 $0 0.00%

    For 2018, Sherwood Community Bank's most frequently cited loan purpose was Home Purchase, with 13 originations. The 2nd most popular reason was Cash Out Refi, with 7 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 25 $2,555,000 $102,200 $0 0.00%

    For 2018, Sherwood Community Bank's most frequently cited loan duration was Other, with 25 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 18 $850,000 $47,222 $0 0.00%
    $100k-200k 5 $795,000 $159,000 $0 0.00%
    $200k-400k 1 $225,000 $225,000 $0 0.00%
    $600k-1MM 1 $685,000 $685,000 $0 0.00%

    2018 saw Sherwood Community Bank place emphasis on $100,000 or less loans with 18 originations, totaling $850,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 8 $1,240,000 $155,000 $0 0.00%
    $50k or less 7 $455,000 $65,000 $0 0.00%
    $50k-75k 4 $450,000 $112,500 $0 0.00%
    $75k-100k 3 $145,000 $48,333 $0 0.00%
    $150k-250k 1 $165,000 $165,000 $0 0.00%

    Sherwood Community Bank lent most frequently to those with incomes in the $100k-150k range, with 8 originations. The second most popular income band? $50k or less, with 7 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 25 $2,555,000 $102,200 $0 0.00%

    Sherwood Community Bank lent most frequently to those with DTI ratios of Exempt%, with 25 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 23 $2,455,000 $106,739 $0 0.00%
    Not applicable 2 $100,000 $50,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    86.67%

    Sherwood Community Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 25 $2,555,000 $102,200

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Manufactured 1 $685,000 $685,000
    Single Family (1-4 Units):Manufactured 1 $5,000 $5,000
    Single Family (1-4 Units):Site-Built 23 $1,865,000 $81,087

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    Sortis Financial, Inc. Conventional home mortgage Struggling to pay mortgage 6 42.9%
    Sortis Financial, Inc. Conventional home mortgage Trouble during payment process 2 14.3%
    Sortis Financial, Inc. FHA mortgage Trouble during payment process 1 7.1%
    Sortis Financial, Inc. Home equity loan or line of credit (HELOC) Trouble during payment process 2 14.3%
    Sortis Financial, Inc. Other type of mortgage Applying for a mortgage or refinancing an existing mortgage 1 7.1%
    Sortis Financial, Inc. Other type of mortgage Struggling to pay mortgage 1 7.1%
    Sortis Financial, Inc. Other type of mortgage Trouble during payment process 1 7.1%