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 Other and Home Improvement loans. Fort Worth Community has a high proportion of conventional loans. Their top markets by origination volume include: Dallas, Granbury, and Houston among others. We have data for 4 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 an above 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% 11/21/24
    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

    197

    Origination Dollar Volume (All Markets)

    $19,825,000

    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) 189 $19,155,000 $101,349 $456 4.39%
    Granbury, TX (FHA|USDA|VA) 3 $305,000 $101,667 $743 4.99%
    Outside of Metro Areas 4 $300,000 $75,000 $321 4.85%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 1 $65,000 $65,000 $0 4.01%
    Fort Worth Community's top markets include Dallas, Granbury, 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
    Conventional 197 $19,825,000 $100,635 $455 4.41%

    For 2020, Fort Worth Community's most frequently originated type of loan was Conventional, with 197 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Other 104 $11,210,000 $107,788 $562 4.21%
    Home Improvement 72 $6,500,000 $90,278 $374 4.80%
    Refi 21 $2,115,000 $100,714 $203 4.05%

    For 2020, Fort Worth Community's most frequently cited loan purpose was Other, with 104 originations. The 2nd most popular reason was Home Improvement, with 72 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    20 Year 129 $14,605,000 $113,217 $574 4.40%
    10 Year 31 $1,805,000 $58,226 $101 4.26%
    15 Year 27 $2,765,000 $102,407 $419 4.64%
    5 Year 5 $325,000 $65,000 $228 4.79%
    Other 5 $325,000 $65,000 $0 4.01%

    For 2020, Fort Worth Community's most frequently cited loan duration was 20 Year, with 129 originations. The 2nd most popular length was 10 Year, with 31 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 197 $19,825,000 $100,635

    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 197 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 115 $11,795,000 $102,565
    3-4% 65 $7,085,000 $109,000
    7-8% 11 $595,000 $54,091
    6-7% 3 $175,000 $58,333
    5-6% 2 $100,000 $50,000
    Over 8% 1 $75,000 $75,000

    During 2020, 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 115 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 107 $6,805,000 $63,598 $166 4.64%
    $100k-200k 79 $10,705,000 $135,506 $626 4.14%
    $200k-400k 11 $2,315,000 $210,455 $2,038 4.15%

    2020 saw Fort Worth Community place emphasis on $100,000 or less loans with 107 originations, totaling $6,805,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 52 $4,990,000 $95,962 $374 4.17%
    $50k or less 43 $3,475,000 $80,814 $329 4.19%
    $75k-100k 41 $4,335,000 $105,732 $475 4.29%
    $100k-150k 35 $3,705,000 $105,857 $437 4.78%
    $150k-250k 17 $2,165,000 $127,353 $995 4.91%
    $250k+ 6 $830,000 $138,333 $612 5.64%

    Fort Worth Community lent most frequently to those with incomes in the $50k-75k range, with 52 originations. The second most popular income band? $50k or less, with 43 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 49 $4,555,000 $92,959 $329 4.27%
    30-36% 28 $3,100,000 $110,714 $495 4.46%
    50-60% 26 $2,590,000 $99,615 $352 4.54%
    <20% 20 $2,040,000 $102,000 $421 4.20%
    >60% 9 $645,000 $71,667 $117 4.29%
    40% 8 $850,000 $106,250 $239 4.14%
    48% 8 $1,220,000 $152,500 $931 4.14%
    42% 7 $705,000 $100,714 $361 4.74%
    44% 7 $665,000 $95,000 $855 4.85%
    46% 5 $475,000 $95,000 $215 4.24%
    36% 5 $425,000 $85,000 $228 5.18%
    41% 5 $505,000 $101,000 $410 5.27%
    49% 4 $420,000 $105,000 $590 4.04%
    38% 3 $215,000 $71,667 $2,244 5.26%
    47% 2 $280,000 $140,000 $1,130 4.09%
    45% 2 $200,000 $100,000 $190 3.98%
    37% 2 $180,000 $90,000 $0 4.69%
    39% 2 $170,000 $85,000 $158 4.53%
    43% 1 $95,000 $95,000 $0 4.69%

    Fort Worth Community lent most frequently to those with DTI ratios of 20-30%, with 49 originations. The next most common DTI ratio? 30-36%, with 28 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 157 $15,675,000 $99,841 $433 4.42%
    Black 31 $3,095,000 $99,839 $530 4.31%
    Not provided 5 $475,000 $95,000 $258 4.70%
    American Indian 3 $395,000 $131,667 $696 4.37%
    Asian 1 $185,000 $185,000 $1,842 4.59%

    Approval Rates

    Total approvals of all applications
    96.49%

    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
    96.45%

    Fort Worth Community has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 197 $19,825,000 $100,635

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 197 $19,825,000 $100,635

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 32 $2,160,000 $67,500 $262 4.33%
    40-60% 54 $5,270,000 $97,593 $272 4.15%
    60-80% 71 $8,975,000 $126,408 $663 4.10%
    80-100% 18 $2,330,000 $129,444 $754 4.35%
    Under 20% 22 $1,090,000 $49,545 $268 6.20%

    Complaints

    Bank Name Product Issue 2020 CPFB Complaints % of Total Issues
    Forthright Funding Corporation VA mortgage Applying for a mortgage or refinancing an existing mortgage 1 100.0%