Community Mortgage Banc Corporation Rates, Fees & Info
Springfield, ILLEI: 549300B8C23BCNGJ4960
Tax ID: 37-1361315
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Mortgage Data
Review & Overview
Community Mortgage Banc Corporation is a smaller mortgage company specializing in Home Purchase, Refi, and Cash Out Refi loans. Community Mortgage Banc Corporation has a high proportion of conventional loans. Their top markets by origination volume include: Chicago, St. Joseph, Carbondale, Galesburg, and Warrensburg among others. We have data for 56 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% | 11/23/24 |
| 30 Year Conventional Refi | 6.57% | 11/23/24 |
| 30 Year Cash-out Refi | 6.86% | 11/23/24 |
| 30 Year VA Purchase | 6.56% | 11/23/24 |
| 30 Year VA Refi | 7.41% | 11/23/24 |
| 30 Year USDA Purchase | 6.93% | 11/23/24 |
| 15 Year Conventional Purchase | 6.29% | 11/23/24 |
| 15 Year Conventional Refi | 6.27% | 11/23/24 |
| 15 Year Cash-out Refi | 6.27% | 11/23/24 |
| 15 Year VA Purchase | 5.68% | 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. | ||
Community Mortgage Banc Corporation Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
1,523Origination Dollar Volume (All Markets)
$217,085,000Awards
Community Mortgage Banc Corporation - 2021
Community Mortgage Banc Corporation is a 2021 , due to their low .
For 2021, less than of lenders were eligible for this award.
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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 | 430 | $55,870,000 | $129,930 | $2,310 | 3.02% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 154 | $29,500,000 | $191,558 | $2,951 | 3.17% |
| ST. JOSEPH, MO-KS (FHA|USDA|VA) | 91 | $13,745,000 | $151,044 | $1,967 | 3.05% |
| CARBONDALE-MARION, IL (FHA|USDA|VA) | 99 | $13,725,000 | $138,636 | $2,750 | 3.03% |
| Galesburg, IL (FHA|USDA|VA) | 83 | $8,845,000 | $106,566 | $2,555 | 2.85% |
| Warrensburg, MO (FHA|USDA|VA) | 48 | $8,700,000 | $181,250 | $1,846 | 3.16% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 33 | $7,665,000 | $232,273 | $2,377 | 3.17% |
| Maryville, MO (FHA|USDA|VA) | 46 | $7,350,000 | $159,783 | $2,159 | 2.98% |
| Ottawa, IL (FHA|USDA|VA) | 70 | $6,770,000 | $96,714 | $2,586 | 3.36% |
| DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA) | 63 | $6,505,000 | $103,254 | $2,981 | 2.84% |
| CHAMPAIGN-URBANA, IL (FHA|USDA|VA) | 40 | $6,230,000 | $155,750 | $2,016 | 2.93% |
| Paducah, KY-IL (FHA|USDA|VA) | 38 | $5,660,000 | $148,947 | $2,156 | 2.91% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 29 | $4,965,000 | $171,207 | $2,756 | 3.04% |
| Centralia, IL (FHA|USDA|VA) | 42 | $4,910,000 | $116,905 | $2,618 | 3.13% |
| PEORIA, IL (FHA|USDA|VA) | 35 | $4,725,000 | $135,000 | $2,503 | 2.83% |
| SIOUX CITY, IA-NE-SD (FHA|USDA|VA) | 18 | $3,710,000 | $206,111 | $4,782 | 2.95% |
| Quincy, IL-MO (FHA|USDA|VA) | 23 | $3,095,000 | $134,565 | $2,136 | 3.07% |
| Fort Leonard Wood, MO (FHA|USDA|VA) | 21 | $2,655,000 | $126,429 | $2,514 | 3.07% |
| COLUMBIA, MO (FHA|USDA|VA) | 17 | $2,185,000 | $128,529 | $2,110 | 3.13% |
| Rochelle, IL (FHA|USDA|VA) | 14 | $2,110,000 | $150,714 | $3,551 | 3.29% |
| Charleston-Mattoon, IL (FHA|USDA|VA) | 15 | $1,875,000 | $125,000 | $3,364 | 3.06% |
| Rolla, MO (FHA|USDA|VA) | 11 | $1,815,000 | $165,000 | $2,697 | 2.98% |
| DANVILLE, IL (FHA|USDA|VA) | 9 | $1,245,000 | $138,333 | $2,128 | 2.95% |
| LAFAYETTE-WEST LAFAYETTE, IN (FHA|USDA|VA) | 8 | $1,080,000 | $135,000 | $1,779 | 2.97% |
| BLOOMINGTON, IL (FHA|USDA|VA) | 5 | $955,000 | $191,000 | $3,828 | 3.08% |
| BLOOMINGTON, IN (FHA|USDA|VA) | 6 | $910,000 | $151,667 | $2,881 | 3.21% |
| Vermillion, SD (FHA|USDA|VA) | 3 | $865,000 | $288,333 | $7,977 | 3.30% |
| Sterling, IL (FHA|USDA|VA) | 7 | $855,000 | $122,143 | $2,263 | 3.05% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 4 | $730,000 | $182,500 | $2,421 | 2.94% |
| Dixon, IL (FHA|USDA|VA) | 6 | $660,000 | $110,000 | $2,920 | 3.11% |
| Jacksonville, IL (FHA|USDA|VA) | 6 | $500,000 | $83,333 | $2,288 | 2.37% |
| Clinton, IA (FHA|USDA|VA) | 4 | $450,000 | $112,500 | $2,105 | 3.23% |
| Mount Vernon, IL (FHA|USDA|VA) | 4 | $450,000 | $112,500 | $2,780 | 3.14% |
| MICHIGAN CITY-LA PORTE, IN (FHA|USDA|VA) | 2 | $390,000 | $195,000 | $3,202 | 3.26% |
| DECATUR, IL (FHA|USDA|VA) | 4 | $360,000 | $90,000 | $2,778 | 3.17% |
| Mexico, MO (FHA|USDA|VA) | 2 | $350,000 | $175,000 | $1,566 | 3.13% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $4,824 | 3.73% |
| Macomb, IL (FHA|USDA|VA) | 6 | $340,000 | $56,667 | $2,466 | 2.81% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 2 | $340,000 | $170,000 | $3,302 | 3.46% |
| KANKAKEE, IL (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $1,306 | 3.30% |
| ROCKFORD, IL (FHA|USDA|VA) | 3 | $315,000 | $105,000 | $2,595 | 3.33% |
| JEFFERSON CITY, MO (FHA|USDA|VA) | 2 | $280,000 | $140,000 | $2,143 | 3.49% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $5,500 | 2.35% |
| Burlington, IA-IL (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $4,134 | 3.20% |
| IOWA CITY, IA (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $1,714 | 3.58% |
| Sedalia, MO (FHA|USDA|VA) | 2 | $240,000 | $120,000 | $1,857 | 3.13% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $3,794 | 3.05% |
| SPRINGFIELD, IL (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $689 | 2.33% |
| Kirksville, MO (FHA|USDA|VA) | 2 | $200,000 | $100,000 | $2,555 | 3.29% |
| OCALA, FL (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $3,112 | 3.23% |
| Effingham, IL (FHA|USDA|VA) | 2 | $180,000 | $90,000 | $2,770 | 3.19% |
| SPRINGFIELD, MO (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $3,322 | 2.75% |
| Lebanon, MO (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $2,015 | 3.20% |
| Mayfield, KY (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $2,376 | 3.28% |
| CAPE GIRARDEAU, MO-IL (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $2,575 | 3.33% |
| Hannibal, MO (FHA|USDA|VA) | 2 | $100,000 | $50,000 | $2,122 | 2.86% |
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.
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Product Mix
For 2021, Community Mortgage Banc Corporation's most frequently originated type of loan was Conventional, with 1,315 originations. Their 2nd most popular type was USDA, with 165 originations.
Loan Reason
For 2021, Community Mortgage Banc Corporation's most frequently cited loan purpose was Home Purchase, with 690 originations. The 2nd most popular reason was Refi, with 444 originations.
Loan Duration/Length
For 2021, Community Mortgage Banc Corporation's most frequently cited loan duration was 30 Year, with 1,034 originations. The 2nd most popular length was 15 Year, with 292 originations.
Origination Fees/Closing Costs
Community Mortgage Banc Corporation's average total fees were $2,662, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 1,032 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 800 | $125,890,000 | $157,363 |
| 2.5-3% | 557 | $71,625,000 | $128,591 |
| <2.5% | 150 | $16,520,000 | $110,133 |
| 4-5% | 16 | $3,050,000 | $190,625 |
During 2021, Community Mortgage Banc Corporation's average interest rate for loans was 3.20%, while their most frequently originated rate bucket for loans was 3-4%, with 800 originations.
Loan Sizing
2021 saw Community Mortgage Banc Corporation place emphasis on $100k-200k loans with 672 originations, totaling $95,620,000 in origination value.
Applicant Income
Community Mortgage Banc Corporation lent most frequently to those with incomes in the $50k or less range, with 445 originations. The second most popular income band? $50k-75k, with 413 originations.
Applicant Debt to Income Ratio
Community Mortgage Banc Corporation lent most frequently to those with DTI ratios of 20-30%, with 502 originations. The next most common DTI ratio? 30-36%, with 341 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications87.82%
Community Mortgage Banc Corporation has an average approval rate.
Pick Rate
Approvals leading to origination78.73%
Community Mortgage Banc Corporation has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 1,523 | $217,085,000 | $142,538 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2021 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| COMMUNITY MORTGAGE CORPORATION | FHA mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 100.0% |