Community First Bank Mortgage Rates, Fees & Info

Rosholt, WI

LEI: 549300SRO5L90DRP2664

Tax ID: 39-0634480

Latest/2023 | 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
  • 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: Stevens Point, Wausau, Eau Claire, and Wisconsin Rapids among others. We have data for 5 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 an 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.

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    Originations

    58

    Origination Dollar Volume (All Markets)

    $9,340,000

    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
    Stevens Point, WI (FHA|USDA|VA) 42 $7,100,000 $169,048 $0 0.00%
    WAUSAU-WESTON, WI (FHA|USDA|VA) 8 $1,320,000 $165,000 $0 0.00%
    Outside of Metro Areas 6 $670,000 $111,667 $0 0.00%
    EAU CLAIRE, WI (FHA|USDA|VA) 1 $195,000 $195,000 $0 0.00%
    Wisconsin Rapids-Marshfield, WI (FHA|USDA|VA) 1 $55,000 $55,000 $0 0.00%
    Community First Bank's top markets include Stevens Point, Wausau, Eau Claire, and Wisconsin Rapids among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 58 $9,340,000 $161,034 $0 0.00%

    For 2018, Community First Bank's most frequently originated type of loan was Conventional, with 58 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 28 $4,770,000 $170,357 $0 0.00%
    Refi 17 $3,315,000 $195,000 $0 0.00%
    Cash Out Refi 7 $965,000 $137,857 $0 0.00%
    Home Improvement 4 $220,000 $55,000 $0 0.00%
    Other 2 $70,000 $35,000 $0 0.00%

    For 2018, Community First Bank's most frequently cited loan purpose was Home Purchase, with 28 originations. The 2nd most popular reason was Refi, with 17 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 58 $9,340,000 $161,034 $0 0.00%

    For 2018, Community First Bank's most frequently cited loan duration was Other, with 58 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 23 $3,375,000 $146,739 $0 0.00%
    $100,000 or less 20 $1,000,000 $50,000 $0 0.00%
    $200k-400k 12 $3,650,000 $304,167 $0 0.00%
    $400k-600k 3 $1,315,000 $438,333 $0 0.00%

    2018 saw Community First Bank place emphasis on $100k-200k loans with 23 originations, totaling $3,375,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $75k-100k 10 $1,360,000 $136,000 $0 0.00%
    $50k or less 8 $650,000 $81,250 $0 0.00%
    $100k-150k 6 $1,020,000 $170,000 $0 0.00%
    $150k-250k 6 $1,060,000 $176,667 $0 0.00%
    $50k-75k 6 $790,000 $131,667 $0 0.00%
    $250k+ 2 $910,000 $455,000 $0 0.00%

    Community First Bank lent most frequently to those with incomes in the $75k-100k range, with 10 originations. The second most popular income band? $50k or less, with 8 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 58 $9,340,000 $161,034 $0 0.00%

    Community First Bank lent most frequently to those with DTI ratios of Exempt%, with 58 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 38 $5,790,000 $152,368 $0 0.00%
    Not applicable 20 $3,550,000 $177,500 $0 0.00%

    Approval Rates

    Total approvals of all applications
    86.59%

    Community First Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    91.38%

    Community First Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 58 $9,340,000 $161,034

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 1 $365,000 $365,000
    Single Family (1-4 Units):Site-Built 57 $8,975,000 $157,456

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    Community Loan Fund of New Jersey, Inc Conventional home mortgage Struggling to pay mortgage 1 100.0%