Community Federal Savings Bank Mortgage Rates, Fees & Info

Woodhaven, NY

LEI: 549300XVCHXNN8R67U29

Tax ID: 31-1776181

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

Review & Overview

Community Federal Savings Bank is a smaller bank specializing in Refi and Cash Out Refi loans. Community Federal Savings Bank has a high proportion of conventional loans. Their top (well, only) market is New York.

Community Federal Savings 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

33

Origination Dollar Volume (All Markets)

$74,495,000

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
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 33 $74,495,000 $2,257,424 $0 0.00%
Community Federal Savings Bank's top markets include and New York among others.

Their top states include:
  • New York (FHA|USDA|VA)
  • New Jersey (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 33 $74,495,000 $2,257,424 $0 0.00%

    For 2023, Community Federal Savings Bank's most frequently originated type of loan was Conventional, with 33 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 18 $40,700,000 $2,261,111 $0 0.00%
    Cash Out Refi 12 $24,390,000 $2,032,500 $0 0.00%
    Home Purchase 2 $7,400,000 $3,700,000 $0 0.00%
    NA 1 $2,005,000 $2,005,000 $0 0.00%

    For 2023, Community Federal Savings Bank's most frequently cited loan purpose was Refi, with 18 originations. The 2nd most popular reason was Cash Out Refi, with 12 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 33 $74,495,000 $2,257,424 $0 0.00%

    For 2023, Community Federal Savings Bank's most frequently cited loan duration was Other, with 33 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $1MM+ 30 $71,850,000 $2,395,000 $0 0.00%
    $600k-1MM 3 $2,645,000 $881,667 $0 0.00%

    2023 saw Community Federal Savings Bank place emphasis on $1MM+ loans with 30 originations, totaling $71,850,000 in origination value.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 33 $74,495,000 $2,257,424 $0 0.00%

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 33 $74,495,000 $2,257,424 $0 0.00%

    Approval Rates

    Total approvals of all applications
    97.92%

    Community Federal Savings 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
    63.64%

    Community Federal Savings Bank has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 33 $74,495,000 $2,257,424

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    33 $74,495,000 $2,257,424