Community Mortgage Banc Corporation Rates, Fees & Info

Springfield, IL

LEI: 549300B8C23BCNGJ4960

Tax ID: 37-1361315

5 stars - Updated: 12/16/24 - out of 5 stars, based on 19 reviews

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

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Relative Rates
  • Relative Fees
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • 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

    Community Mortgage Banc Corporation is a smaller mortgage company specializing in Home Purchase loans. Community Mortgage Banc Corporation has a high proportion of conventional loans. Their top markets by origination volume include: Ottawa, Centralia, Paducah, Chicago, and Carbondale among others. We have data for 42 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Community Mortgage Banc Corporation 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. Community Mortgage Banc Corporation is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have relatively high rates.

    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
    30 Year Conventional Purchase 6.87% 12/16/24
    30 Year Conventional Refi 6.57% 12/16/24
    30 Year Cash-out Refi 6.86% 12/16/24
    30 Year VA Purchase 6.56% 12/16/24
    30 Year VA Refi 7.41% 12/16/24
    30 Year USDA Purchase 6.93% 12/16/24
    15 Year Conventional Purchase 6.29% 12/16/24
    15 Year Conventional Refi 6.27% 12/16/24
    15 Year Cash-out Refi 6.27% 12/16/24
    15 Year VA Purchase 5.68% 12/16/24
    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.

    Community Mortgage Banc Corporation Mortgage Calculator






    Your Estimates

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

    This is not an official calculator from Community Mortgage Banc Corporation. 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

    379

    Origination Dollar Volume (All Markets)

    $50,045,000
    Show all (12) awards

    Relative Rate

    Community Mortgage Banc Corporation's average 30 year fixed mortgage rate was 6.75%.

    The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

    This yields a difference of 0.27%.

    Relative Fees (Closing Costs)

    Community Mortgage Banc Corporation's average total fees/closing costs for a 30 year fixed rate mortgage were $2,976.

    The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $9,089.

    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
    Outside of Metro Areas 112 $14,410,000 $128,661 $2,695 6.63%
    Ottawa, IL (FHA|USDA|VA) 42 $4,440,000 $105,714 $3,150 6.96%
    Centralia, IL (FHA|USDA|VA) 25 $3,065,000 $122,600 $3,420 6.77%
    Paducah, KY-IL (FHA|USDA|VA) 14 $2,730,000 $195,000 $3,086 7.08%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 13 $2,575,000 $198,077 $3,438 6.97%
    CARBONDALE-MARION, IL (FHA|USDA|VA) 17 $2,525,000 $148,529 $2,808 7.08%
    Galesburg, IL (FHA|USDA|VA) 24 $2,440,000 $101,667 $2,457 6.75%
    Warrensburg, MO (FHA|USDA|VA) 11 $2,265,000 $205,909 $2,327 6.69%
    DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA) 24 $2,200,000 $91,667 $3,273 6.32%
    PEORIA, IL (FHA|USDA|VA) 16 $1,910,000 $119,375 $3,317 6.71%
    KANSAS CITY, MO-KS (FHA|USDA|VA) 8 $1,200,000 $150,000 $2,736 6.38%
    Charleston-Mattoon, IL (FHA|USDA|VA) 10 $1,020,000 $102,000 $3,605 6.59%
    Rochelle, IL (FHA|USDA|VA) 6 $1,000,000 $166,667 $3,302 7.46%
    COLUMBIA, MO (FHA|USDA|VA) 5 $945,000 $189,000 $4,436 6.50%
    Quincy, IL-MO (FHA|USDA|VA) 6 $690,000 $115,000 $2,247 6.44%
    Muskogee, OK (FHA|USDA|VA) 1 $555,000 $555,000 $5,666 7.63%
    Fort Leonard Wood, MO (FHA|USDA|VA) 3 $535,000 $178,333 $2,088 6.92%
    ST. JOSEPH, MO-KS (FHA|USDA|VA) 4 $510,000 $127,500 $2,926 6.59%
    CHAMPAIGN-URBANA, IL (FHA|USDA|VA) 3 $505,000 $168,333 $2,972 6.79%
    KANKAKEE, IL (FHA|USDA|VA) 2 $490,000 $245,000 $3,364 7.06%
    ST. LOUIS, MO-IL (FHA|USDA|VA) 4 $450,000 $112,500 $2,339 6.75%
    Rolla, MO (FHA|USDA|VA) 3 $325,000 $108,333 $3,101 6.83%
    Sterling, IL (FHA|USDA|VA) 4 $300,000 $75,000 $2,868 7.06%
    Sedalia, MO (FHA|USDA|VA) 1 $295,000 $295,000 $2,214 6.88%
    Fort Madison-Keokuk, IA-IL-MO (FHA|USDA|VA) 2 $270,000 $135,000 $2,350 6.31%
    GRAND ISLAND, NE (FHA|USDA|VA) 1 $255,000 $255,000 $2,394 7.13%
    Jacksonville, IL (FHA|USDA|VA) 2 $250,000 $125,000 $3,921 6.81%
    MICHIGAN CITY-LA PORTE, IN (FHA|USDA|VA) 1 $215,000 $215,000 $2,602 7.63%
    Madison, IN (FHA|USDA|VA) 1 $195,000 $195,000 $5,809 7.50%
    JEFFERSON CITY, MO (FHA|USDA|VA) 1 $175,000 $175,000 $2,635 6.38%
    Wisconsin Rapids-Marshfield, WI (FHA|USDA|VA) 1 $155,000 $155,000 $5,100 7.38%
    Dixon, IL (FHA|USDA|VA) 2 $150,000 $75,000 $2,747 6.25%
    Mayfield, KY (FHA|USDA|VA) 1 $145,000 $145,000 $4,248 6.25%
    DECATUR, IL (FHA|USDA|VA) 1 $145,000 $145,000 $4,239 8.00%
    Kirksville, MO (FHA|USDA|VA) 1 $125,000 $125,000 $3,762 6.50%
    Taylorville, IL (FHA|USDA|VA) 1 $115,000 $115,000 $3,317 8.00%
    BLOOMINGTON, IL (FHA|USDA|VA) 1 $115,000 $115,000 $3,353 6.13%
    INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 1 $85,000 $85,000 $1,788 6.13%
    Moberly, MO (FHA|USDA|VA) 1 $75,000 $75,000 $1,623 6.00%
    Mexico, MO (FHA|USDA|VA) 1 $75,000 $75,000 $1,792 5.75%
    SPRINGFIELD, IL (FHA|USDA|VA) 1 $65,000 $65,000 $2,965 5.63%
    Macomb, IL (FHA|USDA|VA) 1 $55,000 $55,000 $2,185 6.50%
    Community Mortgage Banc Corporation's top markets include Ottawa, Centralia, Paducah, Chicago, and Carbondale among others.

    Their top states include:
  • Illinois (FHA|USDA|VA)
  • Missouri (FHA|USDA|VA)
  • Indiana (FHA|USDA|VA)
  • Nebraska (FHA|USDA|VA)
  • Kentucky (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against Community Mortgage Banc Corporation based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    SIU
    Similarity Rank: 6
    FINANCIAL PLUS
    Similarity Rank: 12
    Prairie State Bank and Trust
    Similarity Rank: 32
    SIOUXLAND FEDERAL CREDIT UNION
    Similarity Rank: 36
    UNIVERSITY OF ILLINOIS COMMUNITY
    Similarity Rank: 45
    First Savings Bank of Hegewisch
    Similarity Rank: 46
    HomeBank
    Similarity Rank: 52
    Stillman Bank
    Similarity Rank: 57
    ASCENTRA
    Similarity Rank: 60
    Independence Bank of Kentucky
    Similarity Rank: 64

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 270 $38,120,000 $141,185 $2,718 6.70%
    USDA 96 $9,710,000 $101,146 $3,687 6.78%
    VA 13 $2,215,000 $170,385 $2,624 7.14%

    For 2023, Community Mortgage Banc Corporation's most frequently originated type of loan was Conventional, with 270 originations. Their 2nd most popular type was USDA, with 96 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 330 $42,230,000 $127,970 $3,011 6.74%
    Refi 25 $3,905,000 $156,200 $2,439 6.63%
    Cash Out Refi 20 $3,600,000 $180,000 $2,946 6.77%
    Other 4 $310,000 $77,500 $2,216 6.59%

    For 2023, Community Mortgage Banc Corporation's most frequently cited loan purpose was Home Purchase, with 330 originations. The 2nd most popular reason was Refi, with 25 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 354 $46,250,000 $130,650 $2,976 6.75%
    15 Year 18 $3,110,000 $172,778 $2,794 6.44%
    20 Year 6 $600,000 $100,000 $2,666 6.65%
    10 Year 1 $85,000 $85,000 $2,270 6.63%

    For 2023, Community Mortgage Banc Corporation's most frequently cited loan duration was 30 Year, with 354 originations. The 2nd most popular length was 15 Year, with 18 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 242 $31,080,000 $128,430
    $1k-2k 99 $11,605,000 $117,222
    $2k-3k 17 $2,365,000 $139,118
    $3k-4k 13 $2,685,000 $206,538
    $5k+ 5 $1,775,000 $355,000
    $4k-5k 2 $480,000 $240,000

    Community Mortgage Banc Corporation's average total fees were $2,976, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 242 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 199 $23,025,000 $115,704
    7-8% 121 $19,655,000 $162,438
    5-6% 54 $6,300,000 $116,667
    Over 8% 5 $1,065,000 $213,000

    During 2023, Community Mortgage Banc Corporation's average interest rate for loans was 6.75%, while their most frequently originated rate bucket for loans was 6-7%, with 199 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 162 $22,850,000 $141,049 $3,107 6.78%
    $100,000 or less 159 $10,905,000 $68,585 $2,642 6.56%
    $200k-400k 54 $14,070,000 $260,556 $3,272 7.12%
    $400k-600k 3 $1,495,000 $498,333 $4,040 7.00%
    $600k-1MM 1 $725,000 $725,000 $9,728 5.50%

    2023 saw Community Mortgage Banc Corporation place emphasis on $100k-200k loans with 162 originations, totaling $22,850,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 120 $14,360,000 $119,667 $2,923 6.71%
    $50k or less 115 $8,655,000 $75,261 $2,694 6.50%
    $75k-100k 63 $9,245,000 $146,746 $3,096 6.97%
    $100k-150k 54 $10,620,000 $196,667 $3,059 6.92%
    $150k-250k 20 $4,790,000 $239,500 $3,377 6.95%
    $250k+ 7 $2,375,000 $339,286 $4,825 6.91%

    Community Mortgage Banc Corporation lent most frequently to those with incomes in the $50k-75k range, with 120 originations. The second most popular income band? $50k or less, with 115 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 114 $14,440,000 $126,667 $3,165 6.71%
    20-30% 102 $11,950,000 $117,157 $2,760 6.67%
    <20% 36 $3,370,000 $93,611 $2,639 6.57%
    37% 20 $3,740,000 $187,000 $3,289 6.83%
    36% 19 $3,605,000 $189,737 $2,996 6.86%
    39% 15 $2,145,000 $143,000 $3,234 6.90%
    40% 13 $1,735,000 $133,462 $3,771 6.93%
    38% 11 $1,395,000 $126,818 $3,079 6.99%
    41% 8 $1,030,000 $128,750 $2,306 6.69%
    43% 7 $1,055,000 $150,714 $2,818 6.95%
    42% 7 $1,095,000 $156,429 $2,636 7.11%
    49% 6 $1,230,000 $205,000 $2,286 6.88%
    44% 6 $880,000 $146,667 $3,305 6.60%
    47% 6 $870,000 $145,000 $3,085 6.79%
    45% 4 $660,000 $165,000 $2,573 6.56%
    48% 3 $485,000 $161,667 $2,288 6.21%
    46% 2 $360,000 $180,000 $2,514 7.44%

    Community Mortgage Banc Corporation lent most frequently to those with DTI ratios of 30-36%, with 114 originations. The next most common DTI ratio? 20-30%, with 102 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 365 $47,975,000 $131,438 $2,949 6.74%
    Not provided 7 $1,405,000 $200,714 $3,325 6.91%
    Black 5 $425,000 $85,000 $2,845 6.38%
    American Indian 1 $145,000 $145,000 $3,979 6.13%
    Guamanian 1 $95,000 $95,000 $4,464 6.50%

    Approval Rates

    Total approvals of all applications
    86.05%

    Community Mortgage Banc Corporation has an average approval rate.

    Pick Rate

    Approvals leading to origination
    73.88%

    Community Mortgage Banc Corporation has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 379 $50,045,000 $132,045

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    379 $50,045,000 $132,045

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 12 $1,100,000 $91,667 $2,091 6.13%
    40-60% 26 $4,050,000 $155,769 $2,951 6.54%
    60-80% 65 $10,695,000 $164,538 $2,963 6.79%
    80-100% 271 $33,675,000 $124,262 $2,995 6.77%
    Over 100% 3 $435,000 $145,000 $4,280 6.63%
    Under 20% 2 $90,000 $45,000 $1,604 6.31%