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

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Fort Worth Community is a smaller mortgage company specializing in Home Improvement and Other loans. Fort Worth Community has a high proportion of conventional loans. Their top (well, only) market is Dallas.

    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.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    Home Equity Line of Credit (HELOC) 6.27% 11/21/24
    30 Year Conventional Refi 6.27% 11/21/24
    15 Year Conventional Refi 7.15% 11/21/24
    15 Year Cash-out Refi 7.15% 11/21/24
    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

    166

    Origination Dollar Volume (All Markets)

    $13,850,000

    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) 165 $13,815,000 $83,727 $601 5.72%
    Outside of Metro Areas 1 $35,000 $35,000 $189 5.42%
    Fort Worth Community's top markets include and Dallas among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 166 $13,850,000 $83,434 $598 5.71%

    For 2018, Fort Worth Community's most frequently originated type of loan was Conventional, with 166 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 106 $8,890,000 $83,868 $684 5.73%
    Other 44 $3,710,000 $84,318 $536 5.71%
    Refi 16 $1,250,000 $78,125 $205 5.59%

    For 2018, Fort Worth Community's most frequently cited loan purpose was Home Improvement, with 106 originations. The 2nd most popular reason was Other, with 44 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    20 Year 105 $10,375,000 $98,810 $793 5.73%
    Other 27 $1,305,000 $48,333 $171 5.61%
    15 Year 24 $1,760,000 $73,333 $342 5.56%
    10 Year 6 $290,000 $48,333 $221 5.33%
    5 Year 4 $120,000 $30,000 $474 7.38%

    For 2018, Fort Worth Community's most frequently cited loan duration was 20 Year, with 105 originations. The 2nd most popular length was Other, with 27 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 95 $8,145,000 $85,737

    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 95 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 145 $12,565,000 $86,655
    4-5% 9 $605,000 $67,222
    Over 8% 8 $440,000 $55,000
    6-7% 3 $95,000 $31,667
    3-4% 1 $145,000 $145,000

    During 2018, Fort Worth Community's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 5-6%, with 145 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 121 $7,225,000 $59,711 $235 5.78%
    $100k-200k 40 $5,440,000 $136,000 $881 5.54%
    $200k-400k 5 $1,185,000 $237,000 $7,132 5.64%

    2018 saw Fort Worth Community place emphasis on $100,000 or less loans with 121 originations, totaling $7,225,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 63 $4,785,000 $75,952 $373 5.52%
    $50k-75k 42 $3,080,000 $73,333 $330 5.54%
    $100k-150k 25 $2,065,000 $82,600 $501 5.75%
    $75k-100k 18 $1,860,000 $103,333 $650 5.60%
    $150k-250k 14 $1,630,000 $116,429 $716 6.48%
    $250k+ 4 $430,000 $107,500 $6,928 8.20%

    Fort Worth Community lent most frequently to those with incomes in the $50k or less range, with 63 originations. The second most popular income band? $50k-75k, with 42 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 36 $2,660,000 $73,889 $400 5.64%
    <20% 29 $2,055,000 $70,862 $233 5.55%
    30-36% 25 $2,015,000 $80,600 $418 5.84%
    50-60% 19 $1,795,000 $94,474 $1,895 5.77%
    >60% 17 $1,485,000 $87,353 $412 5.60%
    42% 5 $325,000 $65,000 $245 6.37%
    44% 4 $410,000 $102,500 $691 5.39%
    39% 4 $300,000 $75,000 $24 5.65%
    36% 3 $315,000 $105,000 $719 5.40%
    40% 3 $325,000 $108,333 $1,012 6.82%
    45% 3 $425,000 $141,667 $1,045 5.51%
    46% 3 $205,000 $68,333 $165 6.04%
    47% 3 $255,000 $85,000 $100 5.57%
    37% 3 $235,000 $78,333 $291 5.68%
    38% 2 $100,000 $50,000 $338 6.84%
    43% 2 $300,000 $150,000 $122 5.59%
    41% 2 $170,000 $85,000 $1,026 5.45%
    48% 2 $340,000 $170,000 $3,584 5.59%
    49% 1 $135,000 $135,000 $496 5.67%

    Fort Worth Community lent most frequently to those with DTI ratios of 20-30%, with 36 originations. The next most common DTI ratio? <20%, with 29 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 135 $11,415,000 $84,556 $681 5.71%
    Black 22 $1,580,000 $71,818 $214 5.74%
    Not provided 6 $600,000 $100,000 $181 5.91%
    Other Asian 1 $165,000 $165,000 $1,295 5.57%
    Asian 2 $90,000 $45,000 $148 5.34%

    Approval Rates

    Total approvals of all applications
    96.06%

    Fort Worth Community has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    83.13%

    Fort Worth Community has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 166 $13,850,000 $83,434

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 166 $13,850,000 $83,434

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 32 $2,260,000 $70,625 $1,029 5.79%
    40-60% 26 $2,170,000 $83,462 $442 5.52%
    60-80% 57 $5,695,000 $99,912 $519 5.51%
    80-100% 23 $2,085,000 $90,652 $524 5.53%
    Under 20% 27 $1,565,000 $57,963 $402 6.38%

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    Fortren Funding LLC Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 50.0%
    Fortren Funding LLC Conventional home mortgage Closing on a mortgage 1 50.0%