Commercial National Bank Mortgage Rates, Fees & Info
TEXARKANA, ARLEI: 549300SG7DAVFO3NTC34
Tax ID: 71-0355189
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Commercial National Bank is a smaller bank specializing in Home Purchase and Refi loans. Commercial National Bank has a high proportion of conventional loans. Their top (well, only) market is Texarkana.Commercial National Bank has an above 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
45Origination Dollar Volume (All Markets)
$14,165,000Top 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 |
|---|---|---|---|---|---|
| Outside of Metro Areas | 10 | $7,210,000 | $721,000 | $0 | 0.00% |
| TEXARKANA, TX-AR (FHA|USDA|VA) | 35 | $6,955,000 | $198,714 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 45 | $14,165,000 | $314,778 | $0 | 0.00% |
For 2023, Commercial National Bank's most frequently originated type of loan was Conventional, with 45 originations.
Loan Reason
For 2023, Commercial National Bank's most frequently cited loan purpose was Home Purchase, with 23 originations. The 2nd most popular reason was Refi, with 10 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 45 | $14,165,000 | $314,778 | $0 | 0.00% |
For 2023, Commercial National Bank's most frequently cited loan duration was Other, with 45 originations.
Loan Sizing
2023 saw Commercial National Bank place emphasis on $100,000 or less loans with 17 originations, totaling $1,015,000 in origination value.
Applicant Income
Commercial National Bank lent most frequently to those with incomes in the $50k-75k range, with 7 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% | 45 | $14,165,000 | $314,778 | $0 | 0.00% |
Commercial National Bank lent most frequently to those with DTI ratios of Exempt%, with 45 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications97.14%
Commercial National Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination48.89%
Commercial National 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 |
|---|---|---|---|
| Exempt | 45 | $14,165,000 | $314,778 |