Community First Bank Mortgage Rates, Fees & Info

Walhalla, SC

LEI: 549300RZFB670NG8MF92

Tax ID: 57-0899390

Latest/2024 | 2023 Data | 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
  • Similar Lenders
  • 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

    Community First Bank is a smaller bank specializing in Home Purchase and Refi loans. Community First Bank has a high proportion of conventional loans. Their top markets by origination volume include: Seneca, Greenville, Johnson City, Charlotte, and Cullowhee among others. We have data for 13 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Community First Bank 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. Community First Bank is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

    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.

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    Originations

    112

    Origination Dollar Volume (All Markets)

    $33,730,000

    Awards

    Community First Bank 30 Year Conventional Loans bronze Community First Bank 30 Year Conventional Loans bronze
    Show all (2) awards

    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
    Seneca, SC (FHA|USDA|VA) 44 $12,940,000 $294,091 $5,958 4.99%
    GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 27 $10,195,000 $377,593 $4,316 5.20%
    JOHNSON CITY, TN (FHA|USDA|VA) 18 $2,920,000 $162,222 $3,812 5.54%
    Outside of Metro Areas 3 $2,505,000 $835,000 $11,849 4.00%
    CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 10 $2,350,000 $235,000 $4,920 4.82%
    Cullowhee, NC (FHA|USDA|VA) 3 $595,000 $198,333 $4,472 4.69%
    SPARTANBURG, SC (FHA|USDA|VA) 1 $555,000 $555,000 $10,157 3.48%
    ASHEVILLE, NC (FHA|USDA|VA) 1 $545,000 $545,000 $3,367 5.49%
    Toccoa, GA (FHA|USDA|VA) 1 $375,000 $375,000 $0 5.75%
    WILMINGTON, NC (FHA|USDA|VA) 1 $335,000 $335,000 $2,845 4.52%
    WINSTON-SALEM, NC (FHA|USDA|VA) 1 $255,000 $255,000 $6,742 3.65%
    COLUMBIA, SC (FHA|USDA|VA) 1 $105,000 $105,000 $0 4.75%
    KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) 1 $55,000 $55,000 $2,545 6.28%
    Community First Bank's top markets include Seneca, Greenville, Johnson City, Charlotte, and Cullowhee among others.

    Their top states include:
  • South Carolina (FHA|USDA|VA)
  • North Carolina (FHA|USDA|VA)
  • Tennessee (FHA|USDA|VA)
  • Georgia (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against Community First Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    NORTHEAST COMMUNITY
    Similarity Rank: 27
    CONSUMER Credit Union
    Similarity Rank: 160
    First Community Bank
    Similarity Rank: 170
    KNOXVILLE TVA EMPLOYEES CREDIT UNION
    Similarity Rank: 374
    GREENVILLE FEDERAL CREDIT UNION
    Similarity Rank: 588
    Arthur State Bank
    Similarity Rank: 774
    SHARONVIEW FEDERAL CREDIT UNION
    Similarity Rank: 1022
    S. C. STATE FEDERAL CREDIT UNION
    Similarity Rank: 1064
    First Piedmont Federal Savings and Loan Association of Gaffney
    Similarity Rank: 1224
    Coastal Carolina National Bank
    Similarity Rank: 1300

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 112 $33,730,000 $301,161 $5,231 5.07%

    For 2022, Community First Bank's most frequently originated type of loan was Conventional, with 112 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 62 $23,700,000 $382,258 $6,128 5.05%
    Refi 37 $8,265,000 $223,378 $4,503 5.15%
    Cash Out Refi 9 $1,275,000 $141,667 $3,516 3.99%
    Other 4 $490,000 $122,500 $3,480 7.04%

    For 2022, Community First Bank's most frequently cited loan purpose was Home Purchase, with 62 originations. The 2nd most popular reason was Refi, with 37 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 84 $24,160,000 $287,619 $5,433 4.99%
    5 Year 16 $7,870,000 $491,875 $0 5.30%
    15 Year 11 $1,595,000 $145,000 $3,852 5.14%
    20 Year 1 $105,000 $105,000 $3,463 7.42%

    For 2022, Community First Bank's most frequently cited loan duration was 30 Year, with 84 originations. The 2nd most popular length was 5 Year, with 16 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 33 $3,965,000 $120,152
    $2k-3k 20 $3,820,000 $191,000
    $5k+ 16 $9,980,000 $623,750
    $<1k 14 $3,150,000 $225,000
    $3k-4k 8 $2,460,000 $307,500
    $4k-5k 5 $2,485,000 $497,000

    Community First Bank's average total fees were $5,433, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 33 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 41 $12,435,000 $303,293
    5-6% 33 $8,585,000 $260,152
    3-4% 15 $4,165,000 $277,667
    6-7% 15 $7,265,000 $484,333
    2.5-3% 4 $790,000 $197,500
    7-8% 3 $385,000 $128,333
    Over 8% 1 $105,000 $105,000

    During 2022, Community First Bank's average interest rate for loans was 4.99%, while their most frequently originated rate bucket for loans was 4-5%, with 41 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 38 $5,450,000 $143,421 $3,979 5.22%
    $200k-400k 26 $7,120,000 $273,846 $5,269 5.10%
    $100,000 or less 23 $1,725,000 $75,000 $2,663 5.14%
    $400k-600k 14 $7,030,000 $502,143 $7,598 4.81%
    $600k-1MM 9 $6,125,000 $680,556 $9,878 4.49%
    $1MM+ 2 $6,280,000 $3,140,000 $17,029 5.30%

    2022 saw Community First Bank place emphasis on $100k-200k loans with 38 originations, totaling $5,450,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 21 $2,925,000 $139,286 $3,986 4.86%
    $50k or less 19 $2,135,000 $112,368 $3,168 5.16%
    $100k-150k 18 $4,460,000 $247,778 $5,778 5.25%
    $150k-250k 17 $7,345,000 $432,059 $7,758 5.27%
    $75k-100k 11 $2,825,000 $256,818 $5,202 5.55%
    $250k+ 9 $4,805,000 $533,889 $7,721 4.34%

    Community First Bank lent most frequently to those with incomes in the $50k-75k range, with 21 originations. The second most popular income band? $50k or less, with 19 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 22 $5,030,000 $228,636 $4,526 5.11%
    <20% 14 $3,540,000 $252,857 $4,884 4.45%
    30-36% 12 $3,650,000 $304,167 $6,215 5.27%
    41% 10 $1,840,000 $184,000 $4,114 5.43%
    46% 6 $1,380,000 $230,000 $4,705 5.54%
    42% 5 $1,355,000 $271,000 $6,058 4.68%
    38% 4 $1,810,000 $452,500 $7,667 5.27%
    >60% 3 $305,000 $101,667 $3,357 5.66%
    45% 3 $715,000 $238,333 $4,532 4.68%
    36% 3 $355,000 $118,333 $3,516 6.11%
    50-60% 3 $1,655,000 $551,667 $7,959 5.03%
    43% 2 $430,000 $215,000 $6,103 5.04%
    49% 2 $1,680,000 $840,000 $8,196 4.62%
    39% 2 $750,000 $375,000 $7,463 5.19%
    47% 2 $770,000 $385,000 $8,213 4.82%
    48% 2 $270,000 $135,000 $4,054 5.25%
    40% 2 $350,000 $175,000 $4,347 4.38%
    37% 1 $85,000 $85,000 $2,953 3.00%
    44% 1 $135,000 $135,000 $3,154 5.98%

    Community First Bank lent most frequently to those with DTI ratios of 20-30%, with 22 originations. The next most common DTI ratio? <20%, with 14 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 91 $23,105,000 $253,901 $5,134 5.08%
    Not applicable 13 $7,625,000 $586,538 $0 5.06%
    Black 1 $1,005,000 $1,005,000 $17,029 4.25%
    Asian 3 $985,000 $328,333 $5,796 5.28%
    Not provided 3 $785,000 $261,667 $3,815 4.40%
    Asian Indian 1 $225,000 $225,000 $4,582 5.98%

    Approval Rates

    Total approvals of all applications
    84.90%

    Community First Bank has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    54.46%

    Community First Bank has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 112 $33,730,000 $301,161

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    112 $33,730,000 $301,161

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 16 $2,160,000 $135,000 $3,295 5.44%
    40-60% 27 $8,135,000 $301,296 $5,767 4.61%
    60-80% 46 $18,080,000 $393,043 $5,927 5.14%
    80-100% 20 $5,080,000 $254,000 $5,160 5.22%
    Under 20% 3 $275,000 $91,667 $3,275 5.12%

    Complaints

    Bank Name Product Issue 2022 CPFB Complaints % of Total Issues
    Community Loan Servicing, LLC (formerly known as Bayview Loan Servicing, LLC) FHA mortgage Struggling to pay mortgage 2 66.7%
    Community Loan Servicing, LLC (formerly known as Bayview Loan Servicing, LLC) Other type of mortgage Trouble during payment process 1 33.3%