Community Federal Savings Bank Mortgage Rates, Fees & Info
Woodhaven, NYLEI: 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
33Origination Dollar Volume (All Markets)
$74,495,000Top 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 |
|---|---|---|---|---|---|
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 33 | $74,495,000 | $2,257,424 | $0 | 0.00% |
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
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 applications97.92%
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 origination63.64%
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 |