Mountain Commerce Bank Mortgage Rates, Fees & Info

Knoxville, TN

LEI: 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

84

Origination Dollar Volume (All Markets)

$67,270,000

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) 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%
Mountain Commerce Bank's top markets include Knoxville, Nashville, Johnson City, Sevierville, and Chattanooga among others.

Their top states include:
  • Tennessee (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Virginia (FHA|USDA|VA)
  • Kentucky (FHA|USDA|VA)
  • 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

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 55 $50,295,000 $914,455 $0 0.00%
    Refi 17 $9,165,000 $539,118 $0 0.00%
    Home Improvement 7 $5,805,000 $829,286 $0 0.00%
    Other 5 $2,005,000 $401,000 $0 0.00%

    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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $1MM+ 23 $45,365,000 $1,972,391 $0 0.00%
    $200k-400k 16 $4,250,000 $265,625 $0 0.00%
    $400k-600k 14 $6,470,000 $462,143 $0 0.00%
    $600k-1MM 12 $9,180,000 $765,000 $0 0.00%
    $100k-200k 10 $1,470,000 $147,000 $0 0.00%
    $100,000 or less 9 $535,000 $59,444 $0 0.00%

    2024 saw Mountain Commerce Bank place emphasis on $1MM+ loans with 23 originations, totaling $45,365,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 36 $38,530,000 $1,070,278 $0 0.00%
    $150k-250k 8 $3,220,000 $402,500 $0 0.00%
    $100k-150k 5 $1,275,000 $255,000 $0 0.00%
    $50k or less 3 $905,000 $301,667 $0 0.00%
    $50k-75k 2 $50,000 $25,000 $0 0.00%
    $75k-100k 2 $1,510,000 $755,000 $0 0.00%

    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

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 47 $37,155,000 $790,532 $0 0.00%
    Not applicable 28 $21,780,000 $777,857 $0 0.00%
    Not provided 9 $8,335,000 $926,111 $0 0.00%

    Approval Rates

    Total approvals of all applications
    93.10%

    Mountain Commerce Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    71.43%

    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

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    84 $67,270,000 $800,833