Mountain Commerce Bank Mortgage Rates, Fees & Info
Knoxville, TNLEI: 549300WN1LQYJX9HOU28
Tax ID: 62-0194780
Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Mountain Commerce Bank is a smaller bank specializing in Home Purchase loans. Mountain Commerce Bank has a high proportion of conventional loans. Their top markets by origination volume include: Knoxville, Nashville, Johnson City, Sevierville, and Chattanooga among others. We have data for 13 markets. (Some data included below & more in-depth data is available with an active subscription.)Mountain Commerce 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
84Origination Dollar Volume (All Markets)
$67,270,000Top 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 |
|---|---|---|---|---|---|
| KNOXVILLE, TN (FHA|USDA|VA) | 49 | $35,955,000 | $733,776 | $0 | 0.00% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 9 | $9,955,000 | $1,106,111 | $0 | 0.00% |
| JOHNSON CITY, TN (FHA|USDA|VA) | 10 | $8,330,000 | $833,000 | $0 | 0.00% |
| Sevierville, TN (FHA|USDA|VA) | 5 | $5,025,000 | $1,005,000 | $0 | 0.00% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 1 | $4,755,000 | $4,755,000 | $0 | 0.00% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 1 | $1,235,000 | $1,235,000 | $0 | 0.00% |
| KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) | 3 | $595,000 | $198,333 | $0 | 0.00% |
| Tullahoma-Manchester, TN (FHA|USDA|VA) | 1 | $435,000 | $435,000 | $0 | 0.00% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $0 | 0.00% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $0 | 0.00% |
| Middlesborough, KY (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 0.00% |
| CLEVELAND, TN (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 0.00% |
| MORRISTOWN, TN (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 84 | $67,270,000 | $800,833 | $0 | 0.00% |
For 2024, Mountain Commerce Bank's most frequently originated type of loan was Conventional, with 84 originations.
Loan Reason
For 2024, Mountain Commerce Bank's most frequently cited loan purpose was Home Purchase, with 55 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 | 84 | $67,270,000 | $800,833 | $0 | 0.00% |
For 2024, Mountain Commerce Bank's most frequently cited loan duration was Other, with 84 originations.
Loan Sizing
2024 saw Mountain Commerce Bank place emphasis on $1MM+ loans with 23 originations, totaling $45,365,000 in origination value.
Applicant Income
Mountain Commerce Bank lent most frequently to those with incomes in the $250k+ range, with 36 originations. The second most popular income band? $150k-250k, with 8 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 84 | $67,270,000 | $800,833 | $0 | 0.00% |
Mountain Commerce Bank lent most frequently to those with DTI ratios of Exempt%, with 84 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications93.10%
Mountain Commerce Bank has an average approval rate.
Pick Rate
Approvals leading to origination71.43%
Mountain Commerce Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 84 | $67,270,000 | $800,833 |