The transformational leadership attributes and leadership traits of nursing students are essential components in their competency development in Community Health Nursing. The study explored the level of transformational leadership and leadership traits of nursing students in relation to their level of competency in Community Health Nursing. The study employed a descriptive-correlational research design. 175 Level Two Bachelor of Science in Nursing (BSN) students were chosen as respondents through purposive sampling. The researcher utilized Mean, Standard Deviation, Frequency, Percentage, and Pearson Product Moment Correlation Coefficient in the data analysis. Results revealed that the nursing students possessed high transformational leadership attributes and skills, leadership traits, and have a fair competency in their Community Health Nursing clinical exposure. Among the six constructs of transformational leadership, only delegation showed a highly influential relationship with competency. Meanwhile, no leadership trait manifested to correlate with nursing students’ competency at present. The study implies that nursing students with high transformational leadership attributes and high leadership traits will be future successful nurse leaders. Moreover, delegation skill is the key to becoming a competent leader and thus it is important to be introduced to nursing students even at their entry into the baccalaureate nursing education. This study also suggests that nursing educators ensure that they provide high-quality undergraduate nursing education, as this is vital in developing transformational leadership skills and improving leadership traits needed to produce competent nursing graduates who are well-equipped to work in the community setting.