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 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, Union City, Paris, 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 average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.
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Originations
359Origination Dollar Volume (All Markets)
$62,585,000Top 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) | 82 | $17,690,000 | $215,732 | $0 | 0.00% |
| JACKSON, TN (FHA|USDA|VA) | 83 | $11,385,000 | $137,169 | $0 | 0.00% |
| Union City, TN (FHA|USDA|VA) | 78 | $9,180,000 | $117,692 | $0 | 0.00% |
| Paris, TN (FHA|USDA|VA) | 63 | $7,465,000 | $118,492 | $0 | 0.00% |
| Outside of Metro Areas | 18 | $5,090,000 | $282,778 | $0 | 0.00% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 6 | $4,670,000 | $778,333 | $0 | 0.00% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 3 | $2,145,000 | $715,000 | $0 | 0.00% |
| Starkville, MS (FHA|USDA|VA) | 3 | $1,115,000 | $371,667 | $0 | 0.00% |
| Martin, TN (FHA|USDA|VA) | 9 | $765,000 | $85,000 | $0 | 0.00% |
| Tullahoma-Manchester, TN (FHA|USDA|VA) | 2 | $510,000 | $255,000 | $0 | 0.00% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $0 | 0.00% |
| Oxford, MS (FHA|USDA|VA) | 2 | $490,000 | $245,000 | $0 | 0.00% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $0 | 0.00% |
| ASHEVILLE, NC (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $0 | 0.00% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $0 | 0.00% |
| MIDLAND, TX (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 0.00% |
| Sevierville, TN (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 0.00% |
| KNOXVILLE, TN (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 0.00% |
| Tupelo, MS (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 0.00% |
| Dyersburg, TN (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 0.00% |
| Brownsville, TN (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 358 | $62,510,000 | $174,609 | $0 | 0.00% |
| USDA | 1 | $75,000 | $75,000 | $0 | 0.00% |
For 2023, Commercial Bank & Trust Co.'s most frequently originated type of loan was Conventional, with 358 originations. Their 2nd most popular type was USDA, with 1 originations.
Loan Reason
For 2023, Commercial Bank & Trust Co.'s most frequently cited loan purpose was Home Purchase, with 134 originations. The 2nd most popular reason was Home Improvement, with 103 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 359 | $62,585,000 | $174,331 | $0 | 0.00% |
For 2023, Commercial Bank & Trust Co.'s most frequently cited loan duration was Other, with 359 originations.
Loan Sizing
2023 saw Commercial Bank & Trust Co. place emphasis on $100,000 or less loans with 168 originations, totaling $8,940,000 in origination value.
Applicant Income
Commercial Bank & Trust Co. lent most frequently to those with incomes in the $250k+ range, with 75 originations. The second most popular income band? $150k-250k, with 72 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 359 | $62,585,000 | $174,331 | $0 | 0.00% |
Commercial Bank & Trust Co. lent most frequently to those with DTI ratios of Exempt%, with 359 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications88.13%
Commercial Bank & Trust Co. has an average approval rate.
Pick Rate
Approvals leading to origination89.14%
Commercial Bank & Trust Co. has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 359 | $62,585,000 | $174,331 |