Commercial National Bank Mortgage Rates, Fees & Info

TEXARKANA, AR

LEI: 549300SG7DAVFO3NTC34

Tax ID: 71-0355189

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Jump to:

Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • 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

    Commercial National Bank is a smaller bank specializing in Home Purchase 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.

    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

    48

    Origination Dollar Volume (All Markets)

    $6,950,000

    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
    TEXARKANA, TX-AR (FHA|USDA|VA) 41 $5,005,000 $122,073 $0 0.00%
    Outside of Metro Areas 7 $1,945,000 $277,857 $0 0.00%
    Commercial National Bank's top markets include and Texarkana among others.

    Their top states include:
  • Arkansas (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 48 $6,950,000 $144,792 $0 0.00%

    For 2018, Commercial National Bank's most frequently originated type of loan was Conventional, with 48 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 35 $6,025,000 $172,143 $0 0.00%
    Home Improvement 6 $330,000 $55,000 $0 0.00%
    Refi 6 $570,000 $95,000 $0 0.00%
    Other 1 $25,000 $25,000 $0 0.00%

    For 2018, Commercial National Bank's most frequently cited loan purpose was Home Purchase, with 35 originations. The 2nd most popular reason was Home Improvement, with 6 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 48 $6,950,000 $144,792 $0 0.00%

    For 2018, Commercial National Bank's most frequently cited loan duration was Other, with 48 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 24 $1,030,000 $42,917 $0 0.00%
    $200k-400k 11 $3,015,000 $274,091 $0 0.00%
    $100k-200k 10 $1,270,000 $127,000 $0 0.00%
    $400k-600k 2 $1,000,000 $500,000 $0 0.00%
    $600k-1MM 1 $635,000 $635,000 $0 0.00%

    2018 saw Commercial National Bank place emphasis on $100,000 or less loans with 24 originations, totaling $1,030,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 12 $720,000 $60,000 $0 0.00%
    $150k-250k 9 $2,005,000 $222,778 $0 0.00%
    $50k or less 8 $660,000 $82,500 $0 0.00%
    $250k+ 5 $1,035,000 $207,000 $0 0.00%
    $75k-100k 5 $495,000 $99,000 $0 0.00%
    $100k-150k 1 $35,000 $35,000 $0 0.00%

    Commercial National Bank lent most frequently to those with incomes in the $50k-75k range, with 12 originations. The second most popular income band? $150k-250k, with 9 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 48 $6,950,000 $144,792 $0 0.00%

    Commercial National Bank lent most frequently to those with DTI ratios of Exempt%, with 48 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 38 $4,850,000 $127,632 $0 0.00%
    Not applicable 8 $2,000,000 $250,000 $0 0.00%
    American Indian 1 $65,000 $65,000 $0 0.00%
    Black 1 $35,000 $35,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    96.61%

    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 origination
    81.25%

    Commercial National Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 48 $6,950,000 $144,792

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 2 $870,000 $435,000
    Single Family (1-4 Units):Manufactured 4 $260,000 $65,000
    Single Family (1-4 Units):Site-Built 42 $5,820,000 $138,571

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    COMMERCE BANK VA mortgage Trouble during payment process 1 100.0%