Mountain Commerce Bank Mortgage Rates, Fees & Info

Knoxville, TN

LEI: 549300WN1LQYJX9HOU28

Tax ID: 62-0194780

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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, Augusta, and Sevierville among others. We have data for 27 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

335

Origination Dollar Volume (All Markets)

$238,245,000

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
KNOXVILLE, TN (FHA|USDA|VA) 205 $117,795,000 $574,610 $0 0.00%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 23 $26,895,000 $1,169,348 $0 0.00%
JOHNSON CITY, TN (FHA|USDA|VA) 35 $22,215,000 $634,714 $0 0.00%
AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 1 $12,755,000 $12,755,000 $0 0.00%
Sevierville, TN (FHA|USDA|VA) 19 $9,615,000 $506,053 $0 0.00%
MORRISTOWN, TN (FHA|USDA|VA) 10 $7,720,000 $772,000 $0 0.00%
KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) 9 $6,755,000 $750,556 $0 0.00%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 6 $6,510,000 $1,085,000 $0 0.00%
FLORENCE, SC (FHA|USDA|VA) 1 $5,085,000 $5,085,000 $0 0.00%
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 2 $5,060,000 $2,530,000 $0 0.00%
Outside of Metro Areas 6 $2,820,000 $470,000 $0 0.00%
Key West, FL (FHA|USDA|VA) 1 $2,255,000 $2,255,000 $0 0.00%
Cookeville, TN (FHA|USDA|VA) 1 $2,005,000 $2,005,000 $0 0.00%
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 2 $1,640,000 $820,000 $0 0.00%
JACKSONVILLE, FL (FHA|USDA|VA) 1 $1,515,000 $1,515,000 $0 0.00%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 1 $1,085,000 $1,085,000 $0 0.00%
CHATTANOOGA, TN-GA (FHA|USDA|VA) 1 $925,000 $925,000 $0 0.00%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 1 $805,000 $805,000 $0 0.00%
Crossville, TN (FHA|USDA|VA) 1 $785,000 $785,000 $0 0.00%
Greeneville, TN (FHA|USDA|VA) 2 $760,000 $380,000 $0 0.00%
PANAMA CITY, FL (FHA|USDA|VA) 1 $705,000 $705,000 $0 0.00%
HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 1 $645,000 $645,000 $0 0.00%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 1 $645,000 $645,000 $0 0.00%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 1 $455,000 $455,000 $0 0.00%
CLEVELAND, TN (FHA|USDA|VA) 1 $405,000 $405,000 $0 0.00%
Athens, TN (FHA|USDA|VA) 1 $235,000 $235,000 $0 0.00%
DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 1 $155,000 $155,000 $0 0.00%
Mountain Commerce Bank's top markets include Knoxville, Nashville, Johnson City, Augusta, and Sevierville among others.

Their top states include:
  • Tennessee (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Georgia (FHA|USDA|VA)
  • South Carolina (FHA|USDA|VA)
  • Alabama (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 335 $238,245,000 $711,179 $0 0.00%

    For 2022, Mountain Commerce Bank's most frequently originated type of loan was Conventional, with 335 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 253 $199,845,000 $789,901 $0 0.00%
    Refi 65 $34,185,000 $525,923 $0 0.00%
    Home Improvement 9 $1,195,000 $132,778 $0 0.00%
    Other 8 $3,020,000 $377,500 $0 0.00%

    For 2022, Mountain Commerce Bank's most frequently cited loan purpose was Home Purchase, with 253 originations. The 2nd most popular reason was Refi, with 65 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 335 $238,245,000 $711,179 $0 0.00%

    For 2022, Mountain Commerce Bank's most frequently cited loan duration was Other, with 335 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 82 $22,930,000 $279,634 $0 0.00%
    $100k-200k 72 $10,790,000 $149,861 $0 0.00%
    $1MM+ 70 $146,710,000 $2,095,857 $0 0.00%
    $600k-1MM 49 $37,195,000 $759,082 $0 0.00%
    $400k-600k 39 $19,235,000 $493,205 $0 0.00%
    $100,000 or less 23 $1,385,000 $60,217 $0 0.00%

    2022 saw Mountain Commerce Bank place emphasis on $200k-400k loans with 82 originations, totaling $22,930,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 119 $119,755,000 $1,006,345 $0 0.00%
    $150k-250k 42 $20,560,000 $489,524 $0 0.00%
    $100k-150k 18 $7,010,000 $389,444 $0 0.00%
    $75k-100k 16 $3,740,000 $233,750 $0 0.00%
    $50k-75k 12 $2,190,000 $182,500 $0 0.00%
    $50k or less 10 $1,050,000 $105,000 $0 0.00%

    Mountain Commerce Bank lent most frequently to those with incomes in the $250k+ range, with 119 originations. The second most popular income band? $150k-250k, with 42 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 335 $238,245,000 $711,179 $0 0.00%

    Mountain Commerce Bank lent most frequently to those with DTI ratios of Exempt%, with 335 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 194 $135,830,000 $700,155 $0 0.00%
    Not applicable 116 $82,800,000 $713,793 $0 0.00%
    Not provided 17 $13,995,000 $823,235 $0 0.00%
    Asian 5 $4,075,000 $815,000 $0 0.00%
    American Indian 1 $845,000 $845,000 $0 0.00%
    Native Hawaiian or Islander 1 $425,000 $425,000 $0 0.00%
    Asian Indian 1 $275,000 $275,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    98.21%

    Mountain Commerce 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 origination
    85.07%

    Mountain Commerce Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 335 $238,245,000 $711,179

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    335 $238,245,000 $711,179

    Complaints

    Bank Name Product Issue 2022 CPFB Complaints % of Total Issues
    MOUNTAIN AMERICA FEDERAL CREDIT UNION Home equity loan or line of credit (HELOC) Applying for a mortgage or refinancing an existing mortgage 1 100.0%