The Commercial Bank Mortgage Rates, Fees & Info
Crawford, GALEI: 549300TUT7EEMS8S2B86
Tax ID: 58-0202590
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
The Commercial Bank is a smaller bank specializing in Home Purchase and Refi loans. The Commercial Bank has a high proportion of conventional loans. Their top markets by origination volume include: Athens, Atlanta, Milledgeville, Toccoa, and Deltona among others. We have data for 6 markets. (Some data included below & more in-depth data is available with an active subscription.)The Commercial Bank has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders.
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Originations
84Origination Dollar Volume (All Markets)
$25,760,000Top 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 |
|---|---|---|---|---|---|
| ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) | 63 | $18,955,000 | $300,873 | $0 | 0.00% |
| Outside of Metro Areas | 8 | $2,290,000 | $286,250 | $0 | 0.00% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 8 | $2,210,000 | $276,250 | $0 | 0.00% |
| Milledgeville, GA (FHA|USDA|VA) | 1 | $1,055,000 | $1,055,000 | $0 | 0.00% |
| Toccoa, GA (FHA|USDA|VA) | 3 | $1,005,000 | $335,000 | $0 | 0.00% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 84 | $25,760,000 | $306,667 | $0 | 0.00% |
For 2023, The Commercial Bank's most frequently originated type of loan was Conventional, with 84 originations.
Loan Reason
For 2023, The Commercial Bank's most frequently cited loan purpose was Home Purchase, with 44 originations. The 2nd most popular reason was Refi, with 35 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 84 | $25,760,000 | $306,667 | $0 | 0.00% |
For 2023, The Commercial Bank's most frequently cited loan duration was Other, with 84 originations.
Loan Sizing
2023 saw The Commercial Bank place emphasis on $200k-400k loans with 25 originations, totaling $6,665,000 in origination value.
Applicant Income
The Commercial Bank lent most frequently to those with incomes in the $250k+ range, with 10 originations. The second most popular income band? $100k-150k, with 8 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 84 | $25,760,000 | $306,667 | $0 | 0.00% |
The Commercial Bank lent most frequently to those with DTI ratios of Exempt%, with 84 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications97.78%
The Commercial 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 origination95.24%
The Commercial Bank has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 84 | $25,760,000 | $306,667 |