Cnb Community Development Corporation Mortgage Rates, Fees & Info
HENDERSON, TXLEI: 549300D1HSIL40QWFS52
Tax ID: 75-2540628
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage Data
Review & Overview
Cnb Community Development Corporation is a smaller mortgage company specializing in Home Purchase loans. Cnb Community Development Corporation has a high proportion of conventional loans. Their top two markets are Longview and Athens .Cnb Community Development 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. Cnb Community Development 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 | 7.62% | 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. | ||
Cnb Community Development Corporation Mortgage Calculator
Your Estimates
Estimated Loan Payment: Update the calculator values and click calculate payment!
This is not an official calculator from Cnb Community Development 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
6Origination Dollar Volume (All Markets)
$480,000Top 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 |
|---|---|---|---|---|---|
| LONGVIEW, TX (FHA|USDA|VA) | 5 | $425,000 | $85,000 | $1,989 | 5.85% |
| Athens, TX (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $2,610 | 4.37% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 6 | $480,000 | $80,000 | $2,093 | 5.61% |
For 2018, Cnb Community Development Corporation's most frequently originated type of loan was Conventional, with 6 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 6 | $480,000 | $80,000 | $2,093 | 5.61% |
For 2018, Cnb Community Development Corporation's most frequently cited loan purpose was Home Purchase, with 6 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 30 Year | 5 | $425,000 | $85,000 | $1,989 | 5.85% |
| Other | 1 | $55,000 | $55,000 | $2,610 | 4.37% |
For 2018, Cnb Community Development Corporation's most frequently cited loan duration was 30 Year, with 5 originations. The 2nd most popular length was Other, with 1 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 6 | $480,000 | $80,000 |
Cnb Community Development Corporation's average total fees were $1,989, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 6 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 4-5% | 2 | $140,000 | $70,000 |
| 5-6% | 2 | $170,000 | $85,000 |
| 6-7% | 2 | $170,000 | $85,000 |
During 2018, Cnb Community Development Corporation's average interest rate for loans was 5.85%, while their most frequently originated rate bucket for loans was 4-5%, with 2 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $100,000 or less | 6 | $480,000 | $80,000 | $2,093 | 5.61% |
2018 saw Cnb Community Development Corporation place emphasis on $100,000 or less loans with 6 originations, totaling $480,000 in origination value.
Applicant Income
| Applicant Income | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $50k or less | 6 | $480,000 | $80,000 | $2,093 | 5.61% |
Cnb Community Development Corporation lent most frequently to those with incomes in the $50k or less range, with 6 originations.
Applicant Debt to Income Ratio
Cnb Community Development Corporation lent most frequently to those with DTI ratios of 30-36%, with 2 originations. The next most common DTI ratio? 20-30%, with 1 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 6 | $480,000 | $80,000 | $2,093 | 5.61% |
Approval Rates
Total approvals of all applications83.33%
Cnb Community Development Corporation has a below average approval rate.
Pick Rate
Approvals leading to origination33.33%
Cnb Community Development Corporation has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 6 | $480,000 | $80,000 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Site-Built | 6 | $480,000 | $80,000 |
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 80-100% | 6 | $480,000 | $80,000 | $2,093 | 5.61% |
Complaints
| Bank Name | Product | Issue | 2018 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| Campos Financial Corp. | FHA mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 50.0% |
| Campos Financial Corp. | Other type of mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 50.0% |