Points West Community Bank Mortgage Rates, Fees & Info

TORRINGTON, WY

LEI: 549300T2W7KSNSLZLF18

Tax ID: 47-0672087

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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

    Points West Community Bank is a smaller bank specializing in Refi and Home Purchase loans. Points West Community Bank has a high proportion of conventional loans. Their top (well, only) market is Cheyenne.

    Points West Community 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.

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    Originations

    115

    Origination Dollar Volume (All Markets)

    $9,855,000

    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
    Outside of Metro Areas 109 $9,175,000 $84,174 $0 0.00%
    CHEYENNE, WY (FHA|USDA|VA) 6 $680,000 $113,333 $0 0.00%
    Points West Community Bank's top markets include and Cheyenne among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 115 $9,855,000 $85,696 $0 0.00%

    For 2019, Points West Community Bank's most frequently originated type of loan was Conventional, with 115 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 72 $5,140,000 $71,389 $0 0.00%
    Home Purchase 27 $3,915,000 $145,000 $0 0.00%
    Other 11 $565,000 $51,364 $0 0.00%
    Home Improvement 5 $235,000 $47,000 $0 0.00%

    For 2019, Points West Community Bank's most frequently cited loan purpose was Refi, with 72 originations. The 2nd most popular reason was Home Purchase, with 27 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 115 $9,855,000 $85,696 $0 0.00%

    For 2019, Points West Community Bank's most frequently cited loan duration was Other, with 115 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 88 $4,110,000 $46,705 $0 0.00%
    $100k-200k 18 $2,330,000 $129,444 $0 0.00%
    $200k-400k 5 $1,505,000 $301,000 $0 0.00%
    $400k-600k 4 $1,910,000 $477,500 $0 0.00%

    2019 saw Points West Community Bank place emphasis on $100,000 or less loans with 88 originations, totaling $4,110,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 28 $1,700,000 $60,714 $0 0.00%
    $50k or less 25 $1,275,000 $51,000 $0 0.00%
    $75k-100k 18 $1,300,000 $72,222 $0 0.00%
    $100k-150k 15 $1,285,000 $85,667 $0 0.00%
    $150k-250k 7 $915,000 $130,714 $0 0.00%

    Points West Community Bank lent most frequently to those with incomes in the $50k-75k range, with 28 originations. The second most popular income band? $50k or less, with 25 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 115 $9,855,000 $85,696 $0 0.00%

    Points West Community Bank lent most frequently to those with DTI ratios of Exempt%, with 115 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 95 $6,875,000 $72,368 $0 0.00%
    Not applicable 19 $2,885,000 $151,842 $0 0.00%
    Asian 1 $95,000 $95,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    88.89%

    Points West Community Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    81.74%

    Points West Community Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 115 $9,855,000 $85,696

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 17 $1,715,000 $100,882
    Single Family (1-4 Units):Manufactured 12 $490,000 $40,833
    Single Family (1-4 Units):Site-Built 86 $7,650,000 $88,953

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    PENTAGON FEDERAL CREDIT UNION Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 2 9.5%
    PENTAGON FEDERAL CREDIT UNION Conventional home mortgage Trouble during payment process 8 38.1%
    PENTAGON FEDERAL CREDIT UNION Home equity loan or line of credit (HELOC) Applying for a mortgage or refinancing an existing mortgage 2 9.5%
    PENTAGON FEDERAL CREDIT UNION Home equity loan or line of credit (HELOC) Closing on a mortgage 2 9.5%
    PENTAGON FEDERAL CREDIT UNION Home equity loan or line of credit (HELOC) Struggling to pay mortgage 1 4.8%
    PENTAGON FEDERAL CREDIT UNION Home equity loan or line of credit (HELOC) Trouble during payment process 2 9.5%
    PENTAGON FEDERAL CREDIT UNION Other type of mortgage Trouble during payment process 3 14.3%
    PENTAGON FEDERAL CREDIT UNION VA mortgage Closing on a mortgage 1 4.8%