Community Federal Savings Bank Mortgage Rates, Fees & Info
Woodhaven, NYLEI: 549300XVCHXNN8R67U29
Tax ID: 31-1776181
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Mortgage Data
Review & Overview
Community Federal Savings Bank is a smaller bank specializing in Cash Out Refi loans. Community Federal Savings Bank has a high proportion of conventional loans. Their top two markets are New York and New Haven .Community Federal Savings Bank has an above average approval rate when compared to the average across all lenders.
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Originations
12Origination Dollar Volume (All Markets)
$18,920,000Top 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) | 11 | $16,815,000 | $1,528,636 | $0 | 4.54% |
| NEW HAVEN-MILFORD, CT (FHA|USDA|VA) | 1 | $2,105,000 | $2,105,000 | $0 | 6.92% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 12 | $18,920,000 | $1,576,667 | $0 | 4.74% |
For 2018, Community Federal Savings Bank's most frequently originated type of loan was Conventional, with 12 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Cash Out Refi | 11 | $16,815,000 | $1,528,636 | $0 | 4.54% |
| Home Purchase | 1 | $2,105,000 | $2,105,000 | $0 | 6.92% |
For 2018, Community Federal Savings Bank's most frequently cited loan purpose was Cash Out Refi, with 11 originations. The 2nd most popular reason was Home Purchase, with 1 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 5 Year | 9 | $13,525,000 | $1,502,778 | $0 | 4.60% |
| Other | 2 | $2,990,000 | $1,495,000 | $0 | 5.71% |
| 3 Year | 1 | $2,405,000 | $2,405,000 | $0 | 4.00% |
For 2018, Community Federal Savings Bank's most frequently cited loan duration was 5 Year, with 9 originations. The 2nd most popular length was Other, with 2 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 4-5% | 8 | $11,600,000 | $1,450,000 |
| 3-4% | 2 | $4,510,000 | $2,255,000 |
| 5-6% | 1 | $705,000 | $705,000 |
| 6-7% | 1 | $2,105,000 | $2,105,000 |
During 2018, Community Federal Savings Bank's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 4-5%, with 8 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $1MM+ | 10 | $17,330,000 | $1,733,000 | $0 | 4.73% |
| $600k-1MM | 2 | $1,590,000 | $795,000 | $0 | 4.77% |
2018 saw Community Federal Savings Bank place emphasis on $1MM+ loans with 10 originations, totaling $17,330,000 in origination value.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Not applicable | 12 | $18,920,000 | $1,576,667 | $0 | 4.74% |
Approval Rates
Total approvals of all applications94.12%
Community Federal Savings Bank has an average approval rate.
Pick Rate
Approvals leading to originationPoints and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 12 | $18,920,000 | $1,576,667 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Multifamily:Site-Built | 7 | $12,865,000 | $1,837,857 |
| Single Family (1-4 Units):Site-Built | 5 | $6,055,000 | $1,211,000 |
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 40-60% | 1 | $705,000 | $705,000 | $0 | 5.03% |
| 60-80% | 5 | $8,975,000 | $1,795,000 | $0 | 4.84% |
| Over 100% | 6 | $9,240,000 | $1,540,000 | $0 | 4.61% |
Complaints
| Bank Name | Product | Issue | 2018 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| Community Loan Servicing, LLC (formerly known as Bayview Loan Servicing, LLC) | Reverse mortgage | Struggling to pay mortgage | 1 | 0.3% |
| Community Loan Servicing, LLC (formerly known as Bayview Loan Servicing, LLC) | Other type of mortgage | Struggling to pay mortgage | 39 | 9.9% |
| Community Loan Servicing, LLC (formerly known as Bayview Loan Servicing, LLC) | Other type of mortgage | Trouble during payment process | 34 | 8.6% |
| Community Loan Servicing, LLC (formerly known as Bayview Loan Servicing, LLC) | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 12 | 3.0% |
| Community Loan Servicing, LLC (formerly known as Bayview Loan Servicing, LLC) | Conventional home mortgage | Closing on a mortgage | 7 | 1.8% |
| Community Loan Servicing, LLC (formerly known as Bayview Loan Servicing, LLC) | Conventional home mortgage | Incorrect information on your report | 3 | 0.8% |
| Community Loan Servicing, LLC (formerly known as Bayview Loan Servicing, LLC) | Conventional home mortgage | Struggling to pay mortgage | 147 | 37.3% |
| Community Loan Servicing, LLC (formerly known as Bayview Loan Servicing, LLC) | Conventional home mortgage | Trouble during payment process | 122 | 31.0% |
| Community Loan Servicing, LLC (formerly known as Bayview Loan Servicing, LLC) | FHA mortgage | Applying for a mortgage or refinancing an existing mortgage | 2 | 0.5% |
| Community Loan Servicing, LLC (formerly known as Bayview Loan Servicing, LLC) | FHA mortgage | Struggling to pay mortgage | 12 | 3.0% |
| Community Loan Servicing, LLC (formerly known as Bayview Loan Servicing, LLC) | FHA mortgage | Trouble during payment process | 7 | 1.8% |
| Community Loan Servicing, LLC (formerly known as Bayview Loan Servicing, LLC) | Home equity loan or line of credit (HELOC) | Closing on a mortgage | 2 | 0.5% |
| Community Loan Servicing, LLC (formerly known as Bayview Loan Servicing, LLC) | Home equity loan or line of credit (HELOC) | Credit monitoring or identity theft protection services | 1 | 0.3% |
| Community Loan Servicing, LLC (formerly known as Bayview Loan Servicing, LLC) | Home equity loan or line of credit (HELOC) | Problem with a credit reporting company's investigation into an existing problem | 1 | 0.3% |
| Community Loan Servicing, LLC (formerly known as Bayview Loan Servicing, LLC) | Home equity loan or line of credit (HELOC) | Struggling to pay mortgage | 1 | 0.3% |
| Community Loan Servicing, LLC (formerly known as Bayview Loan Servicing, LLC) | Home equity loan or line of credit (HELOC) | Trouble during payment process | 1 | 0.3% |
| Community Loan Servicing, LLC (formerly known as Bayview Loan Servicing, LLC) | Other type of mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 0.3% |
| Community Loan Servicing, LLC (formerly known as Bayview Loan Servicing, LLC) | Other type of mortgage | Closing on a mortgage | 1 | 0.3% |