Fort Worth Community Mortgage Rates, Fees & Info
Bedford, TXLEI: 549300B7YGT5O5MJ7M45
Tax ID: 75-0796472
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage Data
Review & Overview
Fort Worth Community is a smaller mortgage company specializing in Other and Home Improvement loans. Fort Worth Community has a high proportion of conventional loans. Their top two markets are Dallas and Granbury .Fort Worth Community has an 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.
Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.
SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 6.27% | 11/23/24 |
| 30 Year Conventional Refi | 6.27% | 11/23/24 |
| 15 Year Conventional Refi | 7.15% | 11/23/24 |
| 15 Year Cash-out Refi | 7.15% | 11/23/24 |
| 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
192Origination Dollar Volume (All Markets)
$18,640,000Top 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 |
|---|---|---|---|---|---|
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 186 | $18,180,000 | $97,742 | $789 | 5.04% |
| Granbury, TX (FHA|USDA|VA) | 4 | $350,000 | $87,500 | $355 | 4.89% |
| Outside of Metro Areas | 2 | $110,000 | $55,000 | $300 | 4.67% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 192 | $18,640,000 | $97,083 | $775 | 5.04% |
For 2019, Fort Worth Community's most frequently originated type of loan was Conventional, with 192 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Other | 114 | $11,320,000 | $99,298 | $806 | 4.96% |
| Home Improvement | 71 | $6,375,000 | $89,789 | $708 | 5.19% |
| Refi | 7 | $945,000 | $135,000 | $937 | 4.79% |
For 2019, Fort Worth Community's most frequently cited loan purpose was Other, with 114 originations. The 2nd most popular reason was Home Improvement, with 71 originations.
Loan Duration/Length
For 2019, Fort Worth Community's most frequently cited loan duration was 20 Year, with 119 originations. The 2nd most popular length was 10 Year, with 38 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 192 | $18,640,000 | $97,083 |
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 192 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 4-5% | 100 | $9,750,000 | $97,500 |
| 5-6% | 89 | $8,675,000 | $97,472 |
| Over 8% | 3 | $215,000 | $71,667 |
During 2019, Fort Worth Community's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 4-5%, with 100 originations.
Loan Sizing
2019 saw Fort Worth Community place emphasis on $100,000 or less loans with 115 originations, totaling $6,755,000 in origination value.
Applicant Income
Fort Worth Community lent most frequently to those with incomes in the $50k-75k range, with 57 originations. The second most popular income band? $50k or less, with 56 originations.
Applicant Debt to Income Ratio
Fort Worth Community lent most frequently to those with DTI ratios of 20-30%, with 36 originations. The next most common DTI ratio? 30-36%, with 33 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications89.64%
Fort Worth Community has an average approval rate.
Pick Rate
Approvals leading to origination86.98%
Fort Worth Community has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 192 | $18,640,000 | $97,083 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Site-Built | 192 | $18,640,000 | $97,083 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2019 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| Forthright Funding Corporation | VA mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 100.0% |