Fort Worth Community Mortgage Rates, Fees & Info

Bedford, TX

LEI: 549300B7YGT5O5MJ7M45

Tax ID: 75-0796472

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

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Mortgage Data

Review & Overview

Fort Worth Community is a smaller mortgage company specializing in Other and Home Improvement loans. Fort Worth Community has an average proportion of conventional loans. Their top markets by origination volume include: Dallas, Mineral Wells, Granbury, Bonham, and Houston among others. We have data for 7 markets. (Some data included below & more in-depth data is available with an active subscription.)

Fort Worth Community 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.

We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

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SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
Home Equity Line of Credit (HELOC) 6.27% 12/7/24
30 Year Conventional Refi 6.27% 12/7/24
15 Year Conventional Refi 7.15% 12/7/24
15 Year Cash-out Refi 7.15% 12/7/24
These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

Fort Worth Community Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from Fort Worth Community. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

The default purchase price is the median sales price across the US for 2022Q4, per FRED.


Originations

476

Origination Dollar Volume (All Markets)

$50,010,000

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
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 461 $48,605,000 $105,434 $692 8.12%
Outside of Metro Areas 8 $650,000 $81,250 $339 8.34%
Mineral Wells, TX (FHA|USDA|VA) 2 $200,000 $100,000 $300 7.31%
Granbury, TX (FHA|USDA|VA) 2 $160,000 $80,000 $0 8.25%
Bonham, TX (FHA|USDA|VA) 1 $155,000 $155,000 $0 8.00%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 1 $135,000 $135,000 $0 7.75%
SHERMAN-DENISON, TX (FHA|USDA|VA) 1 $105,000 $105,000 $0 8.00%
Fort Worth Community's top markets include Dallas, Mineral Wells, Granbury, Bonham, and Houston among others.

Their top states include:
  • Texas (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    HELOC 362 $37,600,000 $103,867 n/a 8.01%
    Conventional 114 $12,410,000 $108,860 $676 8.46%

    For 2023, Fort Worth Community's most frequently originated type of loan was HELOC, with 362 originations. Their 2nd most popular type was Conventional, with 114 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Other 268 $28,020,000 $104,552 $675 8.19%
    Home Improvement 159 $15,395,000 $96,824 $453 8.04%
    Refi 47 $6,415,000 $136,489 $984 7.97%
    Home Purchase 2 $180,000 $90,000 $301 7.94%

    For 2023, Fort Worth Community's most frequently cited loan purpose was Other, with 268 originations. The 2nd most popular reason was Home Improvement, with 159 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    10 Year 367 $37,785,000 $102,956 $369 8.08%
    20 Year 99 $11,415,000 $115,303 $753 8.17%
    15 Year 6 $610,000 $101,667 $343 7.93%
    5 Year 3 $145,000 $48,333 $325 11.00%
    Other 1 $55,000 $55,000 $300 7.63%

    For 2023, Fort Worth Community's most frequently cited loan duration was 10 Year, with 367 originations. The 2nd most popular length was 20 Year, with 99 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 114 $12,410,000 $108,860

    Fort Worth Community's average total fees were $0, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 114 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    Over 8% 237 $22,725,000 $95,886
    7-8% 220 $25,020,000 $113,727
    6-7% 18 $2,220,000 $123,333
    5-6% 1 $45,000 $45,000

    During 2023, Fort Worth Community's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was Over 8%, with 237 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 259 $15,725,000 $60,714 $302 8.30%
    $100k-200k 173 $22,925,000 $132,514 $745 7.91%
    $200k-400k 44 $11,360,000 $258,182 $2,216 7.81%

    2023 saw Fort Worth Community place emphasis on $100,000 or less loans with 259 originations, totaling $15,725,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 130 $13,810,000 $106,231 $778 8.22%
    $150k-250k 96 $11,490,000 $119,688 $944 8.00%
    $75k-100k 93 $8,955,000 $96,290 $817 8.07%
    $50k-75k 91 $8,775,000 $96,429 $658 8.15%
    $50k or less 42 $3,520,000 $83,810 $383 8.10%
    $250k+ 22 $3,230,000 $146,818 $426 8.14%

    Fort Worth Community lent most frequently to those with incomes in the $100k-150k range, with 130 originations. The second most popular income band? $150k-250k, with 96 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    50-60% 95 $10,565,000 $111,211 $947 8.05%
    >60% 95 $10,395,000 $109,421 $687 8.11%
    30-36% 55 $6,405,000 $116,455 $792 8.04%
    20-30% 52 $5,490,000 $105,577 $568 8.18%
    <20% 27 $2,085,000 $77,222 $254 7.82%
    45% 15 $1,975,000 $131,667 $300 8.17%
    44% 15 $1,825,000 $121,667 $1,300 8.19%
    48% 13 $1,305,000 $100,385 $388 8.13%
    39% 13 $1,075,000 $82,692 $778 7.97%
    46% 12 $1,220,000 $101,667 $351 8.03%
    36% 11 $995,000 $90,455 $346 8.70%
    41% 11 $1,115,000 $101,364 $327 8.29%
    47% 11 $715,000 $65,000 $375 8.40%
    38% 10 $830,000 $83,000 $375 8.03%
    49% 10 $1,140,000 $114,000 $1,153 7.91%
    37% 10 $1,010,000 $101,000 $1,092 8.78%
    42% 8 $680,000 $85,000 $300 8.50%
    43% 7 $575,000 $82,143 $300 8.03%
    40% 6 $610,000 $101,667 $0 7.96%

    Fort Worth Community lent most frequently to those with DTI ratios of 50-60%, with 95 originations. The next most common DTI ratio? >60%, with 95 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 346 $36,400,000 $105,202 $679 8.10%
    Black 69 $7,115,000 $103,116 $672 8.25%
    Not provided 36 $4,130,000 $114,722 $622 7.88%
    Asian 14 $1,410,000 $100,714 $375 8.36%
    American Indian 6 $660,000 $110,000 $1,069 7.91%
    Native Hawaiian or Islander 4 $190,000 $47,500 $210 8.56%
    Other Asian 1 $105,000 $105,000 $0 7.25%

    Approval Rates

    Total approvals of all applications
    93.17%

    Fort Worth Community has an average approval rate.

    Pick Rate

    Approvals leading to origination
    87.18%

    Fort Worth Community has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 476 $50,010,000 $105,063

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    476 $50,010,000 $105,063

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 169 $17,855,000 $105,651 $623 8.12%
    40-60% 81 $11,585,000 $143,025 $684 7.99%
    60-80% 51 $8,715,000 $170,882 $1,045 7.76%
    80-100% 7 $985,000 $140,714 $1,107 7.90%
    Under 20% 168 $10,870,000 $64,702 $299 8.29%