Communityamerica Mortgage Rates, Fees & Info

Lenexa, KS

LEI: 5493002QRULT2T40BH09

Tax ID: 44-6015072

5 stars - out of 5 stars, based on 89 reviews

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

Communityamerica is a small mortgage company specializing in Refi and Home Purchase loans. Communityamerica has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) They have a low ratio of USDA loans. Their top markets include Kansas City, St. Louis, Lawrence, Warrensburg, and Ottawa among others. Communityamerica has an average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. Communityamerica is typically a low fee lendor.


Originations

7,942

Origination Dollar Volume (All Markets)

$1,440,910,000

Awards

COMMUNITYAMERICA VA Loans silver COMMUNITYAMERICA 30 Year Conventional Loans bronze COMMUNITYAMERICA FHA Loans silver
Show all (3) awards

Relative Rate

Communityamerica's average 30 year fixed rate mortgage of loans were 3.13%.

The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.

This yields a difference of -0.02%.

Relative Fees

Communityamerica's average total fees for a 30 year fixed rate mortgage are $3,114.

The average total origination fees for 30 year fixed rate mortgages (for all loan values, including both points & up-front fees in addition to origination fees) are $4,750.

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
KANSAS CITY, MO-KS (FHA|USDA|VA) 7,312 $1,310,040,000 $179,163 $2,757 3.09%
Outside of Metro Areas 132 $24,440,000 $185,152 $2,916 3.02%
ST. LOUIS, MO-IL (FHA|USDA|VA) 82 $12,290,000 $149,878 $2,700 2.86%
LAWRENCE, KS (FHA|USDA|VA) 44 $7,920,000 $180,000 $2,551 2.97%
Warrensburg, MO (FHA|USDA|VA) 32 $5,850,000 $182,813 $2,611 3.27%
Ottawa, KS (FHA|USDA|VA) 22 $3,530,000 $160,455 $2,857 3.11%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 13 $3,355,000 $258,077 $4,891 2.69%
ST. JOSEPH, MO-KS (FHA|USDA|VA) 28 $3,340,000 $119,286 $3,380 3.58%
TOPEKA, KS (FHA|USDA|VA) 23 $3,295,000 $143,261 $2,555 3.03%
SPRINGFIELD, MO (FHA|USDA|VA) 12 $3,290,000 $274,167 $4,653 3.18%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 9 $2,695,000 $299,444 $3,268 2.99%
WICHITA, KS (FHA|USDA|VA) 15 $2,525,000 $168,333 $3,420 3.07%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 5 $2,345,000 $469,000 $4,165 3.10%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 4 $2,140,000 $535,000 $3,302 2.97%
NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN (FHA|USDA|VA) 7 $2,075,000 $296,429 $2,732 2.79%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 7 $2,075,000 $296,429 $3,290 3.09%
DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) 5 $1,755,000 $351,000 $4,966 3.05%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 7 $1,725,000 $246,429 $3,392 2.84%
JOPLIN, MO (FHA|USDA|VA) 8 $1,650,000 $206,250 $2,085 2.77%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 4 $1,590,000 $397,500 $6,465 2.81%
DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 1 $1,495,000 $1,495,000 $5,336 3.25%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 4 $1,470,000 $367,500 $6,781 2.69%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 5 $1,465,000 $293,000 $5,373 2.70%
OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) 4 $1,410,000 $352,500 $2,629 3.13%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 5 $1,395,000 $279,000 $3,606 2.80%
FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 4 $1,200,000 $300,000 $2,594 3.09%
TULSA, OK (FHA|USDA|VA) 5 $1,135,000 $227,000 $3,451 2.83%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 5 $1,115,000 $223,000 $3,660 2.55%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 3 $1,045,000 $348,333 $10,823 2.88%
Atchison, KS (FHA|USDA|VA) 7 $1,025,000 $146,429 $2,295 2.95%
COLORADO SPRINGS, CO (FHA|USDA|VA) 2 $1,020,000 $510,000 $3,244 3.06%
MEMPHIS, TN-MS-AR (FHA|USDA|VA) 4 $1,020,000 $255,000 $3,218 2.63%
Heber, UT (FHA|USDA|VA) 1 $995,000 $995,000 $0 3.80%
OKLAHOMA CITY, OK (FHA|USDA|VA) 4 $990,000 $247,500 $3,204 2.44%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 5 $945,000 $189,000 $3,733 3.33%
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 3 $915,000 $305,000 $4,414 3.04%
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 3 $865,000 $288,333 $3,660 2.83%
COLUMBIA, MO (FHA|USDA|VA) 4 $850,000 $212,500 $3,091 3.50%
MANHATTAN, KS (FHA|USDA|VA) 5 $845,000 $169,000 $2,028 3.07%
COLUMBUS, OH (FHA|USDA|VA) 2 $820,000 $410,000 $4,153 2.56%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 1 $815,000 $815,000 $5,947 2.25%
TUCSON, AZ (FHA|USDA|VA) 3 $775,000 $258,333 $2,940 3.00%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 4 $750,000 $187,500 $2,671 3.31%
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 2 $660,000 $330,000 $2,708 3.06%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 2 $660,000 $330,000 $4,149 2.63%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 2 $610,000 $305,000 $3,273 2.44%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 2 $580,000 $290,000 $3,717 2.25%
Salina, KS (FHA|USDA|VA) 3 $575,000 $191,667 $3,298 2.42%
MACON-BIBB COUNTY, GA (FHA|USDA|VA) 1 $475,000 $475,000 $6,989 3.13%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 1 $475,000 $475,000 $4,754 2.75%
Pittsburg, KS (FHA|USDA|VA) 3 $475,000 $158,333 $4,154 3.71%
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 2 $470,000 $235,000 $2,702 2.38%
JACKSONVILLE, FL (FHA|USDA|VA) 1 $465,000 $465,000 $5,289 3.38%
BAKERSFIELD, CA (FHA|USDA|VA) 1 $445,000 $445,000 $4,482 3.25%
OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) 1 $435,000 $435,000 $2,331 2.75%
ST. GEORGE, UT (FHA|USDA|VA) 1 $395,000 $395,000 $3,084 2.88%
Branson, MO (FHA|USDA|VA) 3 $395,000 $131,667 $2,638 2.83%
GAINESVILLE, GA (FHA|USDA|VA) 1 $385,000 $385,000 $3,725 3.00%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 1 $375,000 $375,000 $4,917 2.88%
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 1 $375,000 $375,000 $3,271 2.38%
ELIZABETHTOWN-FORT KNOX, KY (FHA|USDA|VA) 1 $355,000 $355,000 $4,371 2.75%
Albemarle, NC (FHA|USDA|VA) 1 $345,000 $345,000 $2,915 3.25%
Shelby, NC (FHA|USDA|VA) 1 $335,000 $335,000 $3,543 2.75%
VALDOSTA, GA (FHA|USDA|VA) 1 $335,000 $335,000 $1,086 2.38%
Minot, ND (FHA|USDA|VA) 1 $325,000 $325,000 $3,212 2.38%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 1 $305,000 $305,000 $0 3.13%
GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 1 $295,000 $295,000 $2,594 3.50%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 1 $265,000 $265,000 $3,381 2.88%
LEXINGTON-FAYETTE, KY (FHA|USDA|VA) 1 $255,000 $255,000 $2,969 2.25%
LANCASTER, PA (FHA|USDA|VA) 1 $245,000 $245,000 $4,308 3.00%
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 1 $245,000 $245,000 $3,953 3.25%
Beatrice, NE (FHA|USDA|VA) 1 $245,000 $245,000 $2,224 2.63%
CINCINNATI, OH-KY-IN (FHA|USDA|VA) 1 $245,000 $245,000 $3,282 2.25%
Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 1 $235,000 $235,000 $7,471 3.13%
EL CENTRO, CA (FHA|USDA|VA) 1 $235,000 $235,000 $3,535 2.63%
Farmington, MO (FHA|USDA|VA) 1 $235,000 $235,000 $3,453 2.88%
Oskaloosa, IA (FHA|USDA|VA) 1 $235,000 $235,000 $2,475 3.00%
PITTSBURGH, PA (FHA|USDA|VA) 1 $225,000 $225,000 $4,100 3.00%
WILMINGTON, NC (FHA|USDA|VA) 1 $225,000 $225,000 $2,641 2.50%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 2 $220,000 $110,000 $2,888 2.75%
Fairfield, IA (FHA|USDA|VA) 1 $215,000 $215,000 $2,502 3.00%
AKRON, OH (FHA|USDA|VA) 1 $205,000 $205,000 $3,695 3.25%
AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 1 $205,000 $205,000 $3,204 2.13%
FORT SMITH, AR-OK (FHA|USDA|VA) 1 $195,000 $195,000 $2,477 3.25%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 1 $195,000 $195,000 $8,494 2.50%
BOISE CITY, ID (FHA|USDA|VA) 1 $195,000 $195,000 $4,868 2.88%
SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) 1 $185,000 $185,000 $2,405 2.75%
LINCOLN, NE (FHA|USDA|VA) 1 $185,000 $185,000 $3,015 3.00%
AMARILLO, TX (FHA|USDA|VA) 1 $175,000 $175,000 $3,516 3.00%
CEDAR RAPIDS, IA (FHA|USDA|VA) 1 $175,000 $175,000 $2,668 2.88%
AMES, IA (FHA|USDA|VA) 1 $165,000 $165,000 $2,601 3.00%
LOUISVILLE/JEFFERSON COUNTY, KY-IN (FHA|USDA|VA) 1 $155,000 $155,000 $2,913 2.63%
MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 1 $155,000 $155,000 $3,145 2.88%
McPherson, KS (FHA|USDA|VA) 1 $155,000 $155,000 $2,381 3.25%
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) 1 $155,000 $155,000 $5,449 3.25%
KILLEEN-TEMPLE, TX (FHA|USDA|VA) 1 $145,000 $145,000 $5,001 2.88%
EL PASO, TX (FHA|USDA|VA) 1 $135,000 $135,000 $3,319 2.88%
Laurinburg, NC (FHA|USDA|VA) 1 $135,000 $135,000 $2,957 2.25%
YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) 1 $125,000 $125,000 $2,940 3.25%
NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 1 $125,000 $125,000 $3,007 3.25%
TOLEDO, OH (FHA|USDA|VA) 1 $125,000 $125,000 $2,640 2.25%
Kirksville, MO (FHA|USDA|VA) 1 $115,000 $115,000 $1,562 2.63%
Great Bend, KS (FHA|USDA|VA) 1 $115,000 $115,000 $3,767 2.50%
Jacksonville, IL (FHA|USDA|VA) 1 $115,000 $115,000 $2,523 2.13%
Hutchinson, KS (FHA|USDA|VA) 1 $115,000 $115,000 $2,760 3.13%
Lebanon, MO (FHA|USDA|VA) 1 $105,000 $105,000 $3,047 2.63%
JEFFERSON CITY, MO (FHA|USDA|VA) 1 $105,000 $105,000 $0 4.88%
SHEBOYGAN, WI (FHA|USDA|VA) 1 $105,000 $105,000 $3,038 3.88%
SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) 1 $105,000 $105,000 $0 3.38%
SIERRA VISTA-DOUGLAS, AZ (FHA|USDA|VA) 1 $95,000 $95,000 $2,798 2.25%
HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 1 $85,000 $85,000 $1,907 2.25%
CHAMPAIGN-URBANA, IL (FHA|USDA|VA) 1 $85,000 $85,000 $2,544 3.13%
HOT SPRINGS, AR (FHA|USDA|VA) 1 $85,000 $85,000 $2,866 3.00%
Hannibal, MO (FHA|USDA|VA) 2 $80,000 $40,000 $1,718 4.06%
YORK-HANOVER, PA (FHA|USDA|VA) 1 $75,000 $75,000 $3,367 2.88%
Marshall, MO (FHA|USDA|VA) 1 $45,000 $45,000 $0 5.24%
Emporia, KS (FHA|USDA|VA) 1 $35,000 $35,000 $0 5.74%

Communityamerica's top markets include Kansas City, St. Louis, Lawrence, Warrensburg, and Ottawa among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 7,578 $1,354,880,000 $178,791 $2,599 3.10%
FHA 179 $37,125,000 $207,402 $6,117 2.93%
VA 176 $47,310,000 $268,807 $4,790 2.60%
USDA 9 $1,595,000 $177,222 $3,997 3.00%

For the 2021 period, Communityamerica's most frequently originated loan type of loans were Conventional, with 7,578 originations. Their 2nd most popular type is FHA, with 179 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Refi 2,456 $478,010,000 $194,629 $2,427 2.86%
Home Purchase 2,054 $525,280,000 $255,735 $3,204 3.11%
Cash Out Refi 1,411 $283,965,000 $201,251 $2,838 2.96%
Home Improvement 1,316 $102,600,000 $77,964 $2,331 3.29%
Other 705 $51,055,000 $72,418 $0 3.63%

For the 2021, Communityamerica's most frequently cited loan purpose of loans were Refi, with 2,456 originations. The 2nd most popular reason of loans were Home Purchase, with 2,054 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 3,053 $779,715,000 $255,393 $3,114 3.13%
Other 2,728 $249,600,000 $91,496 $2,389 3.46%
15 Year 1,554 $299,200,000 $192,535 $2,335 2.41%
20 Year 347 $72,645,000 $209,352 $2,535 2.98%
10 Year 191 $28,865,000 $151,126 $2,296 2.20%
5 Year 53 $9,175,000 $173,113 $0 4.52%
3 Year 13 $1,005,000 $77,308 $0 4.00%
1 Year 3 $705,000 $235,000 $0 4.33%

For the 2021, Communityamerica's most frequently cited loan length of loans were 30 Year, with 3,053 originations. The 2nd most popular length of loans were Other, with 2,728 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$<1k 3,543 $786,615,000 $222,019
$1k-2k 1,154 $282,010,000 $244,376
$2k-3k 189 $56,645,000 $299,709
$3k-4k 105 $28,325,000 $269,762
$5k+ 39 $15,035,000 $385,513

$3,114 of loans were Communityamerica's average total fees, while their most frequently occuring range of origination fees were in the $<1k bucket, with 3,543 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
2.5-3% 2,791 $550,795,000 $197,347
3-4% 2,181 $455,805,000 $208,989
<2.5% 2,093 $343,215,000 $163,982
5-6% 541 $43,405,000 $80,231
4-5% 292 $44,680,000 $153,014
6-7% 32 $2,440,000 $76,250
7-8% 12 $570,000 $47,500

During 2021, Communityamerica's average interest rate of loans were 3.13%, while their most frequently originated rate bucket of loans were 2.5-3%, with 2,791 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$100k-200k 2,769 $403,535,000 $145,733 $2,518 3.04%
$100,000 or less 2,360 $143,360,000 $60,746 $2,232 3.32%
$200k-400k 2,334 $639,140,000 $273,839 $3,013 2.94%
$400k-600k 396 $186,380,000 $470,657 $3,429 2.92%
$600k-1MM 72 $52,480,000 $728,889 $4,362 3.06%
$1MM+ 11 $16,015,000 $1,455,909 $5,501 3.08%

2021 saw Communityamerica place emphasis on $100k-200k loans with 2,769 originations, totaling $403,535,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$100k-150k 2,036 $387,550,000 $190,349 $2,850 3.06%
$50k-75k 1,530 $218,770,000 $142,987 $2,712 3.02%
$75k-100k 1,420 $236,330,000 $166,430 $2,810 3.03%
$150k-250k 1,393 $313,535,000 $225,079 $2,957 3.11%
$50k or less 744 $83,930,000 $112,809 $2,590 2.96%
$250k+ 470 $138,620,000 $294,936 $3,151 3.24%

Communityamerica lent most frequently to those with incomes in the $100k-150k range, with 2,036 originations. The second most popular income band? $50k-75k, with 1,530 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
20-30% 2,259 $403,665,000 $178,692 $2,636 2.97%
30-36% 1,491 $277,225,000 $185,932 $2,801 3.12%
<20% 910 $162,510,000 $178,582 $2,464 2.82%
42% 392 $56,920,000 $145,204 $2,881 3.21%
37% 311 $57,025,000 $183,360 $2,814 3.20%
39% 297 $45,425,000 $152,946 $2,966 3.34%
40% 289 $47,755,000 $165,242 $2,825 3.19%
38% 277 $45,975,000 $165,975 $2,846 3.27%
41% 275 $43,605,000 $158,564 $2,996 3.39%
36% 261 $44,455,000 $170,326 $2,858 3.10%
43% 190 $39,610,000 $208,474 $3,110 3.12%
44% 174 $38,730,000 $222,586 $3,063 2.96%
45% 129 $26,425,000 $204,845 $3,330 2.99%
47% 95 $22,965,000 $241,737 $2,896 2.90%
49% 91 $22,265,000 $244,670 $3,306 2.97%
46% 89 $21,135,000 $237,472 $3,034 3.00%
48% 82 $20,160,000 $245,854 $3,279 3.04%
50-60% 50 $12,120,000 $242,400 $5,570 2.93%
>60% 2 $660,000 $330,000 $0 4.93%

Communityamerica lent most frequently to those with DTI ratios of 20-30%, with 2,259 originations. The next most common DTI ratio? 30-36%, with 1,491 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 6,176 $1,115,500,000 $180,619 $2,778 3.07%
Not provided 818 $166,360,000 $203,374 $2,880 2.92%
Black 444 $68,850,000 $155,068 $3,027 3.19%
Asian 236 $46,900,000 $198,729 $2,800 2.93%
Not applicable 193 $31,115,000 $161,218 $0 4.34%
American Indian 58 $10,050,000 $173,276 $2,600 2.87%
Native Hawaiian 12 $1,060,000 $88,333 $2,516 2.87%
Asian Indian 2 $510,000 $255,000 $1,956 2.25%
Chinese 1 $345,000 $345,000 $2,046 2.75%
Guamanian 1 $115,000 $115,000 $0 6.49%
Samoan 1 $105,000 $105,000 $0 1.99%

Approval Rates

Total approvals of all applications
88.20%

Communityamerica has an average approval rate.

Pick Rate

Approvals leading to origination
68.89%

Communityamerica 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
NA 7,942 $1,440,910,000 $181,429

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
7,942 $1,440,910,000 $181,429

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 1,378 $142,640,000 $103,512 $2,206 3.30%
40-60% 1,243 $211,665,000 $170,286 $2,292 2.75%
60-80% 2,433 $565,665,000 $232,497 $2,711 3.02%
80-100% 1,706 $450,980,000 $264,349 $3,257 3.07%
Over 100% 19 $5,945,000 $312,895 $12,185 2.74%
Under 20% 1,163 $64,015,000 $55,043 $2,045 3.37%

Complaints

Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
COMMUNITY BANK SYSTEM, INC. Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 50.0%
COMMUNITY BANK SYSTEM, INC. Home equity loan or line of credit (HELOC) Closing on a mortgage 1 50.0%