Commercial Bank & Trust Co. Mortgage Rates, Fees & Info

Paris, TN

LEI: 549300P3JUY6QMZ8DY86

Tax ID: 62-0167630

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

Jump to:

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.

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

555

Origination Dollar Volume (All Markets)

$113,235,000

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
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%
Commercial Bank & Trust Co.'s top markets include Memphis, Jackson, Paris, Union City, and Nashville among others.

Their top states include:
  • Tennessee (FHA|USDA|VA)
  • Mississippi (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Alabama (FHA|USDA|VA)
  • Arkansas (FHA|USDA|VA)
  • 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

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 230 $60,070,000 $261,174 $0 0.00%
    Home Improvement 131 $10,385,000 $79,275 $0 0.00%
    Other 93 $11,915,000 $128,118 $0 0.00%
    Refi 81 $27,005,000 $333,395 $0 0.00%
    Cash Out Refi 20 $3,860,000 $193,000 $0 0.00%

    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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 246 $13,580,000 $55,203 $0 0.00%
    $100k-200k 146 $20,430,000 $139,932 $0 0.00%
    $200k-400k 102 $28,010,000 $274,608 $0 0.00%
    $400k-600k 33 $15,895,000 $481,667 $0 0.00%
    $600k-1MM 15 $10,955,000 $730,333 $0 0.00%
    $1MM+ 13 $24,365,000 $1,874,231 $0 0.00%

    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

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 102 $39,000,000 $382,353 $0 0.00%
    $150k-250k 96 $16,150,000 $168,229 $0 0.00%
    $100k-150k 91 $13,335,000 $146,538 $0 0.00%
    $50k-75k 77 $7,625,000 $99,026 $0 0.00%
    $75k-100k 67 $7,945,000 $118,582 $0 0.00%
    $50k or less 60 $4,130,000 $68,833 $0 0.00%

    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

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 468 $84,410,000 $180,363 $0 0.00%
    Not applicable 45 $22,825,000 $507,222 $0 0.00%
    Asian 7 $2,835,000 $405,000 $0 0.00%
    Black 24 $1,910,000 $79,583 $0 0.00%
    Asian Indian 9 $1,085,000 $120,556 $0 0.00%
    Other Asian 2 $170,000 $85,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    91.53%

    Commercial Bank & Trust Co. has an average approval rate.

    Pick Rate

    Approvals leading to origination
    91.35%

    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

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    555 $113,235,000 $204,027