Community Mortgage Banc Corporation Rates, Fees & Info

Springfield, IL

LEI: 549300B8C23BCNGJ4960

Tax ID: 37-1361315

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

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • 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. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: Chicago, Carbondale, Ottawa, Warrensburg, and Galesburg among others. We have data for 58 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.

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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.87% 11/21/24
    30 Year Conventional Refi 6.57% 11/21/24
    30 Year Cash-out Refi 6.86% 11/21/24
    30 Year VA Purchase 6.56% 11/21/24
    30 Year VA Refi 7.41% 11/21/24
    30 Year USDA Purchase 6.93% 11/21/24
    15 Year Conventional Purchase 6.29% 11/21/24
    15 Year Conventional Refi 6.27% 11/21/24
    15 Year Cash-out Refi 6.27% 11/21/24
    15 Year VA Purchase 5.68% 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.

    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

    836

    Origination Dollar Volume (All Markets)

    $107,660,000
    Show all (17) awards

    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 225 $27,325,000 $121,444 $2,415 4.07%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 70 $12,090,000 $172,714 $2,279 4.35%
    CARBONDALE-MARION, IL (FHA|USDA|VA) 73 $8,945,000 $122,534 $2,850 4.26%
    Ottawa, IL (FHA|USDA|VA) 68 $7,170,000 $105,441 $2,575 4.45%
    Warrensburg, MO (FHA|USDA|VA) 32 $5,980,000 $186,875 $1,710 3.98%
    Galesburg, IL (FHA|USDA|VA) 44 $4,680,000 $106,364 $2,644 3.90%
    ST. JOSEPH, MO-KS (FHA|USDA|VA) 34 $4,300,000 $126,471 $2,115 4.24%
    DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA) 28 $3,200,000 $114,286 $2,529 4.02%
    ST. LOUIS, MO-IL (FHA|USDA|VA) 17 $2,805,000 $165,000 $2,768 4.31%
    Rochelle, IL (FHA|USDA|VA) 20 $2,440,000 $122,000 $3,248 4.15%
    Kirksville, MO (FHA|USDA|VA) 15 $2,425,000 $161,667 $2,809 4.18%
    CHAMPAIGN-URBANA, IL (FHA|USDA|VA) 15 $2,315,000 $154,333 $2,403 3.93%
    PEORIA, IL (FHA|USDA|VA) 24 $2,300,000 $95,833 $2,530 4.11%
    KANSAS CITY, MO-KS (FHA|USDA|VA) 14 $2,200,000 $157,143 $1,997 4.08%
    Paducah, KY-IL (FHA|USDA|VA) 14 $2,080,000 $148,571 $2,002 4.21%
    Charleston-Mattoon, IL (FHA|USDA|VA) 23 $2,065,000 $89,783 $2,686 4.00%
    Centralia, IL (FHA|USDA|VA) 18 $1,730,000 $96,111 $2,906 4.29%
    COLUMBIA, MO (FHA|USDA|VA) 7 $1,265,000 $180,714 $1,557 4.29%
    Fort Leonard Wood, MO (FHA|USDA|VA) 7 $915,000 $130,714 $1,938 4.31%
    INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 3 $745,000 $248,333 $1,972 3.96%
    MICHIGAN CITY-LA PORTE, IN (FHA|USDA|VA) 3 $745,000 $248,333 $1,733 4.50%
    Sterling, IL (FHA|USDA|VA) 8 $730,000 $91,250 $1,993 4.40%
    ROCKFORD, IL (FHA|USDA|VA) 5 $715,000 $143,000 $2,987 4.10%
    DANVILLE, IL (FHA|USDA|VA) 7 $685,000 $97,857 $2,224 4.45%
    SIOUX CITY, IA-NE-SD (FHA|USDA|VA) 5 $685,000 $137,000 $2,623 3.97%
    Effingham, IL (FHA|USDA|VA) 6 $680,000 $113,333 $2,672 3.87%
    Quincy, IL-MO (FHA|USDA|VA) 5 $595,000 $119,000 $1,880 4.04%
    SPRINGFIELD, IL (FHA|USDA|VA) 2 $490,000 $245,000 $3,887 3.63%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 1 $365,000 $365,000 $3,147 4.13%
    Maryville, MO (FHA|USDA|VA) 3 $335,000 $111,667 $2,553 3.38%
    Macomb, IL (FHA|USDA|VA) 2 $310,000 $155,000 $2,099 4.63%
    Clinton, IA (FHA|USDA|VA) 3 $305,000 $101,667 $2,124 4.10%
    Dixon, IL (FHA|USDA|VA) 3 $305,000 $101,667 $3,351 4.54%
    Rolla, MO (FHA|USDA|VA) 3 $295,000 $98,333 $2,296 3.52%
    MISSOULA, MT (FHA|USDA|VA) 1 $285,000 $285,000 $5,538 4.75%
    Pontiac, IL (FHA|USDA|VA) 3 $255,000 $85,000 $1,956 3.53%
    Fort Madison-Keokuk, IA-IL-MO (FHA|USDA|VA) 2 $250,000 $125,000 $2,951 3.31%
    NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 1 $245,000 $245,000 $3,580 3.38%
    LAFAYETTE-WEST LAFAYETTE, IN (FHA|USDA|VA) 2 $220,000 $110,000 $3,331 4.50%
    CAPE GIRARDEAU, MO-IL (FHA|USDA|VA) 2 $200,000 $100,000 $2,555 3.55%
    Burlington, IA-IL (FHA|USDA|VA) 1 $195,000 $195,000 $2,118 4.75%
    BLOOMINGTON, IL (FHA|USDA|VA) 1 $185,000 $185,000 $1,326 3.75%
    Vermillion, SD (FHA|USDA|VA) 1 $155,000 $155,000 $4,993 4.50%
    TERRE HAUTE, IN (FHA|USDA|VA) 1 $155,000 $155,000 $4,939 4.13%
    Kearney, NE (FHA|USDA|VA) 1 $155,000 $155,000 $1,776 3.68%
    Murray, KY (FHA|USDA|VA) 1 $135,000 $135,000 $2,303 3.58%
    Hannibal, MO (FHA|USDA|VA) 1 $135,000 $135,000 $3,252 3.38%
    Crawfordsville, IN (FHA|USDA|VA) 1 $125,000 $125,000 $2,632 3.63%
    GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) 1 $105,000 $105,000 $1,428 3.63%
    Mount Vernon, IL (FHA|USDA|VA) 1 $95,000 $95,000 $3,636 4.13%
    Marshall, MO (FHA|USDA|VA) 1 $85,000 $85,000 $3,367 5.00%
    Lebanon, MO (FHA|USDA|VA) 1 $85,000 $85,000 $2,888 4.50%
    Bedford, IN (FHA|USDA|VA) 1 $75,000 $75,000 $2,653 4.38%
    Moberly, MO (FHA|USDA|VA) 1 $75,000 $75,000 $1,224 4.00%
    SPRINGFIELD, MO (FHA|USDA|VA) 1 $65,000 $65,000 $2,591 3.63%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 1 $55,000 $55,000 $2,636 4.13%
    Farmington, MO (FHA|USDA|VA) 1 $55,000 $55,000 $2,795 3.08%
    DECATUR, IL (FHA|USDA|VA) 1 $55,000 $55,000 $2,943 4.75%
    Community Mortgage Banc Corporation's top markets include Chicago, Carbondale, Ottawa, Warrensburg, and Galesburg among others.

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

    FINANCIAL PLUS
    Similarity Rank: 75
    First Bankers Trust Company
    Similarity Rank: 78
    Liberty Bank for Savings
    Similarity Rank: 85
    Stillman Bank
    Similarity Rank: 96
    SIOUXLAND FEDERAL CREDIT UNION
    Similarity Rank: 108
    First Dakota National Bank
    Similarity Rank: 120
    Citizens Savings and Loan Association, FSB
    Similarity Rank: 141
    UNIVERSITY OF ILLINOIS COMMUNITY
    Similarity Rank: 150
    MAINSTREET FEDERAL CREDIT UNION
    Similarity Rank: 160
    ASCENTRA
    Similarity Rank: 180

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 647 $89,305,000 $138,029 $2,309 4.14%
    USDA 154 $13,630,000 $88,506 $3,032 4.21%
    VA 31 $4,265,000 $137,581 $2,953 4.09%
    FHA 4 $460,000 $115,000 $4,133 4.25%

    For 2019, Community Mortgage Banc Corporation's most frequently originated type of loan was Conventional, with 647 originations. Their 2nd most popular type was USDA, with 154 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 594 $73,490,000 $123,721 $2,523 4.19%
    Refi 136 $20,790,000 $152,868 $2,130 3.88%
    Cash Out Refi 102 $13,090,000 $128,333 $2,637 4.22%
    Other 4 $290,000 $72,500 $2,969 4.81%

    For 2019, Community Mortgage Banc Corporation's most frequently cited loan purpose was Home Purchase, with 594 originations. The 2nd most popular reason was Refi, with 136 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 663 $86,505,000 $130,475 $2,544 4.25%
    15 Year 93 $11,415,000 $122,742 $2,111 3.67%
    20 Year 63 $8,375,000 $132,937 $2,362 4.01%
    10 Year 16 $1,150,000 $71,875 $2,034 3.43%
    Other 1 $215,000 $215,000 $5,007 4.38%

    For 2019, Community Mortgage Banc Corporation's most frequently cited loan duration was 30 Year, with 663 originations. The 2nd most popular length was 15 Year, with 93 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 569 $68,915,000 $121,116
    $1k-2k 186 $24,690,000 $132,742
    $2k-3k 52 $8,150,000 $156,731
    $3k-4k 16 $3,370,000 $210,625
    $4k-5k 10 $2,050,000 $205,000
    $5k+ 2 $350,000 $175,000

    Community Mortgage Banc Corporation's average total fees were $2,544, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 569 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 418 $55,390,000 $132,512
    3-4% 370 $46,930,000 $126,838
    5-6% 29 $4,025,000 $138,793
    2.5-3% 15 $1,205,000 $80,333
    <2.5% 4 $110,000 $27,500

    During 2019, Community Mortgage Banc Corporation's average interest rate for loans was 4.25%, while their most frequently originated rate bucket for loans was 4-5%, with 418 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 368 $51,610,000 $140,245 $2,573 4.15%
    $100,000 or less 352 $24,130,000 $68,551 $2,321 4.11%
    $200k-400k 112 $30,050,000 $268,304 $2,652 4.25%
    $400k-600k 4 $1,870,000 $467,500 $1,995 4.04%

    2019 saw Community Mortgage Banc Corporation place emphasis on $100k-200k loans with 368 originations, totaling $51,610,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 286 $23,750,000 $83,042 $2,304 4.11%
    $50k-75k 259 $30,705,000 $118,552 $2,529 4.12%
    $100k-150k 130 $25,250,000 $194,231 $2,531 4.22%
    $75k-100k 114 $17,010,000 $149,211 $2,605 4.29%
    $150k-250k 31 $6,825,000 $220,161 $2,771 4.05%
    $250k+ 14 $3,810,000 $272,143 $2,676 3.95%

    Community Mortgage Banc Corporation lent most frequently to those with incomes in the $50k or less range, with 286 originations. The second most popular income band? $50k-75k, with 259 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 264 $31,440,000 $119,091 $2,375 4.12%
    30-36% 193 $25,855,000 $133,964 $2,536 4.16%
    <20% 93 $10,385,000 $111,667 $2,260 4.06%
    37% 35 $5,285,000 $151,000 $2,591 4.33%
    38% 35 $4,445,000 $127,000 $2,751 4.19%
    39% 34 $3,910,000 $115,000 $2,576 4.22%
    36% 33 $5,275,000 $159,848 $2,625 4.06%
    40% 31 $3,765,000 $121,452 $2,512 4.28%
    41% 27 $3,155,000 $116,852 $2,427 4.13%
    44% 17 $2,535,000 $149,118 $3,461 4.17%
    45% 16 $2,410,000 $150,625 $2,818 4.10%
    42% 13 $1,585,000 $121,923 $2,136 4.36%
    43% 13 $2,055,000 $158,077 $2,347 4.28%
    46% 11 $1,925,000 $175,000 $2,387 4.40%
    47% 8 $1,310,000 $163,750 $2,119 4.12%
    49% 6 $1,030,000 $171,667 $2,802 3.79%
    48% 5 $985,000 $197,000 $1,991 4.15%

    Community Mortgage Banc Corporation lent most frequently to those with DTI ratios of 20-30%, with 264 originations. The next most common DTI ratio? 30-36%, with 193 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 811 $105,365,000 $129,920 $2,480 4.16%
    Not provided 14 $1,300,000 $92,857 $2,537 3.75%
    American Indian 5 $475,000 $95,000 $1,991 4.14%
    Asian 3 $355,000 $118,333 $1,862 3.90%
    Black 3 $165,000 $55,000 $2,153 3.99%

    Approval Rates

    Total approvals of all applications
    87.51%

    Community Mortgage Banc Corporation has an average approval rate.

    Pick Rate

    Approvals leading to origination
    77.87%

    Community Mortgage Banc Corporation has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 836 $107,660,000 $128,780

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 19 $2,055,000 $108,158
    Single Family (1-4 Units):Site-Built 817 $105,605,000 $129,259

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 24 $2,190,000 $91,250 $1,920 3.85%
    40-60% 66 $8,920,000 $135,152 $1,875 4.04%
    60-80% 246 $36,640,000 $148,943 $2,388 4.13%
    80-100% 497 $59,325,000 $119,366 $2,599 4.19%
    Over 100% 2 $450,000 $225,000 $8,940 4.25%

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    COMMUNITY BANK SYSTEM, INC. Conventional home mortgage Closing on a mortgage 1 20.0%
    COMMUNITY BANK SYSTEM, INC. Conventional home mortgage Trouble during payment process 3 60.0%
    COMMUNITY BANK SYSTEM, INC. Home equity loan or line of credit (HELOC) Closing on a mortgage 1 20.0%