Community Mortgage Banc Corporation Rates, Fees & Info

Springfield, IL

LEI: 549300B8C23BCNGJ4960

Tax ID: 37-1361315

5 stars - Updated: 4/21/25 - out of 5 stars, based on 19 reviews

Latest/2024 | 2023 Data | 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, Galesburg, Paducah, Carbondale, and Chicago among others. We have data for 47 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 about average 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 7.06% 4/21/25
    30 Year Conventional Refi 7.01% 4/21/25
    30 Year Cash-out Refi 6.89% 4/21/25
    30 Year VA Purchase 6.91% 4/21/25
    30 Year VA Refi 6.72% 4/21/25
    30 Year USDA Purchase 7.09% 4/21/25
    15 Year Conventional Purchase 6.70% 4/21/25
    15 Year Conventional Refi 6.00% 4/21/25
    15 Year Cash-out Refi 6.00% 4/21/25
    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

    378

    Origination Dollar Volume (All Markets)

    $53,170,000
    Show all (12) awards

    Relative Rate

    Community Mortgage Banc Corporation's average 30 year fixed mortgage rate was 6.61%.

    The 2024 average 30 year fixed rate mortgage across all markets and lenders was 6.55%.

    This yields a difference of 0.06%.

    Relative Fees (Closing Costs)

    Community Mortgage Banc Corporation's average total fees/closing costs for a 30 year fixed rate mortgage were $3,033.

    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 $8,356.

    Top Markets

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    Market Originations Total Value Average Loan Average Fees Average Rate
    Outside of Metro Areas 111 $14,335,000 $129,144 $2,738 6.54%
    Ottawa, IL (FHA|USDA|VA) 52 $6,050,000 $116,346 $3,067 6.85%
    Galesburg, IL (FHA|USDA|VA) 36 $3,720,000 $103,333 $2,273 6.36%
    Paducah, KY-IL (FHA|USDA|VA) 18 $3,700,000 $205,556 $3,104 6.57%
    CARBONDALE-MARION, IL (FHA|USDA|VA) 20 $3,520,000 $176,000 $3,402 6.66%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 12 $2,520,000 $210,000 $2,967 7.05%
    PEORIA, IL (FHA|USDA|VA) 16 $2,190,000 $136,875 $3,119 6.47%
    Centralia, IL (FHA|USDA|VA) 17 $2,115,000 $124,412 $2,914 6.71%
    DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA) 18 $1,490,000 $82,778 $3,367 6.23%
    KANSAS CITY, MO-KS (FHA|USDA|VA) 5 $1,105,000 $221,000 $2,595 6.70%
    Rochelle, IL (FHA|USDA|VA) 7 $985,000 $140,714 $3,408 6.86%
    Effingham, IL (FHA|USDA|VA) 2 $920,000 $460,000 $3,825 7.25%
    Charleston-Mattoon, IL (FHA|USDA|VA) 8 $900,000 $112,500 $3,493 6.58%
    ST. LOUIS, MO-IL (FHA|USDA|VA) 4 $860,000 $215,000 $2,650 6.97%
    Dixon, IL (FHA|USDA|VA) 2 $740,000 $370,000 $4,462 7.06%
    Fort Leonard Wood, MO (FHA|USDA|VA) 5 $615,000 $123,000 $4,473 6.38%
    SIOUX CITY, IA-NE-SD (FHA|USDA|VA) 3 $585,000 $195,000 $3,060 6.63%
    CHAMPAIGN-URBANA, IL (FHA|USDA|VA) 4 $580,000 $145,000 $3,790 6.78%
    COLUMBIA, MO (FHA|USDA|VA) 3 $575,000 $191,667 $3,681 6.63%
    Rolla, MO (FHA|USDA|VA) 4 $540,000 $135,000 $4,165 6.31%
    KANKAKEE, IL (FHA|USDA|VA) 1 $495,000 $495,000 $2,426 7.25%
    INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 1 $455,000 $455,000 $4,997 7.50%
    ST. JOSEPH, MO-KS (FHA|USDA|VA) 2 $310,000 $155,000 $2,617 6.44%
    JANESVILLE-BELOIT, WI (FHA|USDA|VA) 1 $295,000 $295,000 $2,872 7.63%
    Sterling, IL (FHA|USDA|VA) 3 $285,000 $95,000 $2,790 7.13%
    ROCKFORD, IL (FHA|USDA|VA) 1 $275,000 $275,000 $13,859 7.50%
    GRAND ISLAND, NE (FHA|USDA|VA) 1 $235,000 $235,000 $2,857 7.00%
    OWENSBORO, KY (FHA|USDA|VA) 1 $235,000 $235,000 $4,023 7.50%
    Jacksonville, IL (FHA|USDA|VA) 2 $210,000 $105,000 $3,596 6.00%
    LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) 1 $195,000 $195,000 $5,127 7.50%
    Vermillion, SD (FHA|USDA|VA) 1 $175,000 $175,000 $2,981 6.50%
    Sedalia, MO (FHA|USDA|VA) 1 $155,000 $155,000 $4,230 6.50%
    MEMPHIS, TN-MS-AR (FHA|USDA|VA) 1 $155,000 $155,000 $3,660 6.75%
    Mexico, MO (FHA|USDA|VA) 1 $155,000 $155,000 $3,625 6.00%
    JOPLIN, MO (FHA|USDA|VA) 1 $145,000 $145,000 $3,495 6.75%
    TERRE HAUTE, IN (FHA|USDA|VA) 1 $145,000 $145,000 $2,418 6.63%
    Burlington, IA-IL (FHA|USDA|VA) 1 $135,000 $135,000 $4,750 6.25%
    Moberly, MO (FHA|USDA|VA) 1 $135,000 $135,000 $2,028 6.63%
    BLOOMINGTON, IL (FHA|USDA|VA) 1 $135,000 $135,000 $5,060 6.50%
    Warrensburg, MO (FHA|USDA|VA) 1 $135,000 $135,000 $2,316 6.50%
    Hannibal, MO (FHA|USDA|VA) 1 $125,000 $125,000 $1,797 7.00%
    Quincy, IL-MO (FHA|USDA|VA) 1 $115,000 $115,000 $2,180 6.50%
    DANVILLE, IL (FHA|USDA|VA) 1 $115,000 $115,000 $3,575 6.38%
    Mount Vernon, IL (FHA|USDA|VA) 1 $115,000 $115,000 $2,811 6.00%
    SPRINGFIELD, MO (FHA|USDA|VA) 1 $95,000 $95,000 $3,955 6.50%
    Kirksville, MO (FHA|USDA|VA) 1 $65,000 $65,000 $1,839 6.50%
    Lincoln, IL (FHA|USDA|VA) 1 $35,000 $35,000 $1,724 6.38%
    Community Mortgage Banc Corporation's top markets include Ottawa, Galesburg, Paducah, Carbondale, and Chicago 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
    UNIVERSITY OF ILLINOIS COMMUNITY
    Similarity Rank: 32
    SIOUXLAND FEDERAL CREDIT UNION
    Similarity Rank: 35
    First Savings Bank of Hegewisch
    Similarity Rank: 36
    First Bankers Trust Company
    Similarity Rank: 45
    Stillman Bank
    Similarity Rank: 63
    GAS AND ELECTRIC CREDIT UNION
    Similarity Rank: 66
    R.I.A. Federal Credit Union
    Similarity Rank: 70
    HomeBank
    Similarity Rank: 72
    Liberty Bank for Savings
    Similarity Rank: 79

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 292 $42,850,000 $146,747 $2,695 6.65%
    USDA 75 $7,935,000 $105,800 $3,806 6.46%
    VA 11 $2,385,000 $216,818 $6,194 6.82%

    For 2024, Community Mortgage Banc Corporation's most frequently originated type of loan was Conventional, with 292 originations. Their 2nd most popular type was USDA, with 75 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 325 $45,105,000 $138,785 $3,087 6.61%
    Cash Out Refi 27 $3,415,000 $126,481 $2,355 6.63%
    Refi 21 $4,105,000 $195,476 $2,900 6.69%
    Home Improvement 3 $255,000 $85,000 $2,306 6.25%
    Other 2 $290,000 $145,000 $2,973 6.81%

    For 2024, Community Mortgage Banc Corporation's most frequently cited loan purpose was Home Purchase, with 325 originations. The 2nd most popular reason was Cash Out Refi, with 27 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 366 $51,450,000 $140,574 $3,033 6.61%
    15 Year 8 $740,000 $92,500 $2,354 6.52%
    20 Year 3 $875,000 $291,667 $2,747 6.96%
    10 Year 1 $105,000 $105,000 $3,150 7.13%

    For 2024, Community Mortgage Banc Corporation's most frequently cited loan duration was 30 Year, with 366 originations. The 2nd most popular length was 15 Year, with 8 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 244 $32,680,000 $133,934
    $1k-2k 104 $14,570,000 $140,096
    $2k-3k 21 $3,865,000 $184,048
    $3k-4k 5 $945,000 $189,000
    $5k+ 4 $1,110,000 $277,500

    Community Mortgage Banc Corporation's average total fees were $3,033, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 244 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 274 $34,650,000 $126,460
    7-8% 64 $14,730,000 $230,156
    5-6% 40 $3,790,000 $94,750

    During 2024, Community Mortgage Banc Corporation's average interest rate for loans was 6.61%, while their most frequently originated rate bucket for loans was 6-7%, with 274 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 168 $23,830,000 $141,845 $3,005 6.60%
    $100,000 or less 145 $9,895,000 $68,241 $2,648 6.41%
    $200k-400k 56 $14,670,000 $261,964 $3,955 7.06%
    $400k-600k 6 $2,750,000 $458,333 $3,138 7.52%
    $600k-1MM 3 $2,025,000 $675,000 $3,784 7.17%

    2024 saw Community Mortgage Banc Corporation place emphasis on $100k-200k loans with 168 originations, totaling $23,830,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 115 $9,325,000 $81,087 $2,677 6.43%
    $50k-75k 106 $12,050,000 $113,679 $2,899 6.48%
    $75k-100k 65 $10,465,000 $161,000 $2,988 6.70%
    $100k-150k 55 $10,595,000 $192,636 $3,645 6.89%
    $150k-250k 29 $7,845,000 $270,517 $3,461 7.00%
    $250k+ 7 $2,765,000 $395,000 $4,175 7.20%

    Community Mortgage Banc Corporation lent most frequently to those with incomes in the $50k or less range, with 115 originations. The second most popular income band? $50k-75k, with 106 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 121 $14,975,000 $123,760 $2,892 6.56%
    30-36% 95 $15,125,000 $159,211 $3,156 6.64%
    <20% 32 $3,520,000 $110,000 $3,146 6.43%
    37% 20 $2,590,000 $129,500 $2,800 6.55%
    38% 18 $2,800,000 $155,556 $3,155 6.58%
    39% 17 $2,015,000 $118,529 $2,759 6.55%
    40% 12 $1,450,000 $120,833 $3,033 6.74%
    36% 10 $1,210,000 $121,000 $3,212 6.61%
    49% 8 $1,390,000 $173,750 $2,723 6.67%
    44% 8 $1,270,000 $158,750 $2,736 6.66%
    41% 7 $1,355,000 $193,571 $3,258 6.82%
    45% 7 $1,095,000 $156,429 $2,439 6.96%
    43% 6 $1,390,000 $231,667 $2,808 7.06%
    47% 6 $740,000 $123,333 $2,982 6.63%
    42% 5 $1,025,000 $205,000 $3,134 7.05%
    46% 4 $920,000 $230,000 $5,776 6.91%
    48% 2 $300,000 $150,000 $2,381 6.75%

    Community Mortgage Banc Corporation lent most frequently to those with DTI ratios of 20-30%, with 121 originations. The next most common DTI ratio? 30-36%, with 95 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 362 $51,120,000 $141,215 $3,020 6.62%
    Black 8 $900,000 $112,500 $3,349 6.67%
    Not provided 6 $750,000 $125,000 $2,340 6.38%
    Asian 2 $400,000 $200,000 $3,121 6.69%

    Approval Rates

    Total approvals of all applications
    88.67%

    Community Mortgage Banc Corporation has an average approval rate.

    Pick Rate

    Approvals leading to origination
    73.81%

    Community Mortgage Banc Corporation has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 378 $53,170,000 $140,661

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    378 $53,170,000 $140,661

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 9 $845,000 $93,889 $2,678 6.39%
    40-60% 25 $3,295,000 $131,800 $2,531 6.66%
    60-80% 68 $10,850,000 $159,559 $2,766 6.61%
    80-100% 269 $36,855,000 $137,007 $3,015 6.61%
    Over 100% 6 $1,260,000 $210,000 $8,695 7.08%
    Under 20% 1 $65,000 $65,000 $1,867 6.38%