Community First Bank Mortgage Rates, Fees & Info
Rosholt, WILEI: 549300SRO5L90DRP2664
Tax ID: 39-0634480
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Mortgage Data
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, Phoenix, Appleton, and Shawano among others. We have data for 7 markets. (Some data included below & more in-depth data is available with an active subscription.)Community First 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
63Origination Dollar Volume (All Markets)
$11,105,000Top 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 |
|---|---|---|---|---|---|
| Stevens Point, WI (FHA|USDA|VA) | 49 | $9,045,000 | $184,592 | $0 | 0.00% |
| WAUSAU-WESTON, WI (FHA|USDA|VA) | 5 | $865,000 | $173,000 | $0 | 0.00% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 1 | $485,000 | $485,000 | $0 | 0.00% |
| APPLETON, WI (FHA|USDA|VA) | 2 | $270,000 | $135,000 | $0 | 0.00% |
| Shawano, WI (FHA|USDA|VA) | 2 | $160,000 | $80,000 | $0 | 0.00% |
| Outside of Metro Areas | 3 | $155,000 | $51,667 | $0 | 0.00% |
| GREEN BAY, WI (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 63 | $11,105,000 | $176,270 | $0 | 0.00% |
For 2019, Community First Bank's most frequently originated type of loan was Conventional, with 63 originations.
Loan Reason
For 2019, Community First Bank's most frequently cited loan purpose was Home Purchase, with 34 originations. The 2nd most popular reason was Refi, with 18 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 63 | $11,105,000 | $176,270 | $0 | 0.00% |
For 2019, Community First Bank's most frequently cited loan duration was Other, with 63 originations.
Loan Sizing
2019 saw Community First Bank place emphasis on $100k-200k loans with 27 originations, totaling $3,945,000 in origination value.
Applicant Income
Community First Bank lent most frequently to those with incomes in the $100k-150k range, with 14 originations. The second most popular income band? $50k-75k, with 14 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 63 | $11,105,000 | $176,270 | $0 | 0.00% |
Community First Bank lent most frequently to those with DTI ratios of Exempt%, with 63 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications92.77%
Community First Bank has an average approval rate.
Pick Rate
Approvals leading to origination87.30%
Community First Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 63 | $11,105,000 | $176,270 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Multifamily:Manufactured | 1 | $445,000 | $445,000 |
| Single Family (1-4 Units):Site-Built | 62 | $10,660,000 | $171,935 |
Complaints
| Bank Name | Product | Issue | 2019 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| COMMUNITY BANK SYSTEM, INC. | Conventional home mortgage | Closing on a mortgage | 1 | 20.0% |
| COMMUNITY BANK SYSTEM, INC. | Conventional home mortgage | Trouble during payment process | 3 | 60.0% |
| COMMUNITY BANK SYSTEM, INC. | Home equity loan or line of credit (HELOC) | Closing on a mortgage | 1 | 20.0% |