Commercial Bank & Trust Co. Mortgage Rates, Fees & Info
Paris, TNLEI: 549300P3JUY6QMZ8DY86
Tax ID: 62-0167630
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Mortgage Data
Review & Overview
Commercial Bank & Trust Co. is a smaller bank specializing in Home Purchase and Refi loans. Commercial Bank & Trust Co. has a high proportion of conventional loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Memphis, Jackson, Paris, Union City, and Nashville among others. We have data for 21 markets. (Some data included below & more in-depth data is available with an active subscription.)Commercial Bank & Trust Co. 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
555Origination Dollar Volume (All Markets)
$113,235,000Top 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 |
|---|---|---|---|---|---|
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 156 | $48,630,000 | $311,731 | $0 | 0.00% |
| JACKSON, TN (FHA|USDA|VA) | 152 | $27,750,000 | $182,566 | $0 | 0.00% |
| Paris, TN (FHA|USDA|VA) | 114 | $12,650,000 | $110,965 | $0 | 0.00% |
| Union City, TN (FHA|USDA|VA) | 68 | $7,290,000 | $107,206 | $0 | 0.00% |
| Outside of Metro Areas | 22 | $5,270,000 | $239,545 | $0 | 0.00% |
| NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN (FHA|USDA|VA) | 10 | $4,640,000 | $464,000 | $0 | 0.00% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 3 | $1,495,000 | $498,333 | $0 | 0.00% |
| TUSCALOOSA, AL (FHA|USDA|VA) | 1 | $1,205,000 | $1,205,000 | $0 | 0.00% |
| Martin, TN (FHA|USDA|VA) | 9 | $975,000 | $108,333 | $0 | 0.00% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 1 | $535,000 | $535,000 | $0 | 0.00% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 1 | $515,000 | $515,000 | $0 | 0.00% |
| Starkville, MS (FHA|USDA|VA) | 1 | $495,000 | $495,000 | $0 | 0.00% |
| Brownsville, TN (FHA|USDA|VA) | 3 | $305,000 | $101,667 | $0 | 0.00% |
| Dyersburg, TN (FHA|USDA|VA) | 5 | $295,000 | $59,000 | $0 | 0.00% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 0.00% |
| Murray, KY (FHA|USDA|VA) | 3 | $225,000 | $75,000 | $0 | 0.00% |
| LAFAYETTE, LA (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $0 | 0.00% |
| PITTSBURGH, PA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 0.00% |
| Cleveland, MS (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 0.00% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 0.00% |
| Mayfield, KY (FHA|USDA|VA) | 1 | $15,000 | $15,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 551 | $112,775,000 | $204,673 | $0 | 0.00% |
| USDA | 4 | $460,000 | $115,000 | $0 | 0.00% |
For 2022, Commercial Bank & Trust Co.'s most frequently originated type of loan was Conventional, with 551 originations. Their 2nd most popular type was USDA, with 4 originations.
Loan Reason
For 2022, Commercial Bank & Trust Co.'s most frequently cited loan purpose was Home Purchase, with 230 originations. The 2nd most popular reason was Home Improvement, with 131 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 555 | $113,235,000 | $204,027 | $0 | 0.00% |
For 2022, Commercial Bank & Trust Co.'s most frequently cited loan duration was Other, with 555 originations.
Loan Sizing
2022 saw Commercial Bank & Trust Co. place emphasis on $100,000 or less loans with 246 originations, totaling $13,580,000 in origination value.
Applicant Income
Commercial Bank & Trust Co. lent most frequently to those with incomes in the $250k+ range, with 102 originations. The second most popular income band? $150k-250k, with 96 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 555 | $113,235,000 | $204,027 | $0 | 0.00% |
Commercial Bank & Trust Co. lent most frequently to those with DTI ratios of Exempt%, with 555 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications91.53%
Commercial Bank & Trust Co. has an average approval rate.
Pick Rate
Approvals leading to origination91.35%
Commercial Bank & Trust Co. has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 555 | $113,235,000 | $204,027 |