Cnb Community Development Corporation Mortgage Rates, Fees & Info
HENDERSON, TXLEI: 549300D1HSIL40QWFS52
Tax ID: 75-2540628
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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 (well, only) market is Tyler.Cnb Community Development Corporation has an above 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 about average rates.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 7.62% | 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. | ||
Cnb Community Development Corporation Mortgage Calculator
Your Estimates
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
3Origination Dollar Volume (All Markets)
$265,000Top 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 |
|---|---|---|---|---|---|
| TYLER, TX (FHA|USDA|VA) | 3 | $265,000 | $88,333 | $2,086 | 4.50% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 3 | $265,000 | $88,333 | $2,086 | 4.50% |
For 2020, Cnb Community Development Corporation's most frequently originated type of loan was Conventional, with 3 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 3 | $265,000 | $88,333 | $2,086 | 4.50% |
For 2020, Cnb Community Development Corporation's most frequently cited loan purpose was Home Purchase, with 3 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 30 Year | 3 | $265,000 | $88,333 | $2,086 | 4.50% |
For 2020, Cnb Community Development Corporation's most frequently cited loan duration was 30 Year, with 3 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 3 | $265,000 | $88,333 |
Cnb Community Development Corporation's average total fees were $2,086, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 3 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 4-5% | 3 | $265,000 | $88,333 |
During 2020, Cnb Community Development Corporation's average interest rate for loans was 4.50%, while their most frequently originated rate bucket for loans was 4-5%, with 3 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $100,000 or less | 3 | $265,000 | $88,333 | $2,086 | 4.50% |
2020 saw Cnb Community Development Corporation place emphasis on $100,000 or less loans with 3 originations, totaling $265,000 in origination value.
Applicant Income
| Applicant Income | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $50k or less | 3 | $265,000 | $88,333 | $2,086 | 4.50% |
Cnb Community Development Corporation lent most frequently to those with incomes in the $50k or less range, with 3 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 30-36% | 2 | $180,000 | $90,000 | $2,166 | 4.50% |
| 40% | 1 | $85,000 | $85,000 | $1,926 | 4.50% |
Cnb Community Development Corporation lent most frequently to those with DTI ratios of 30-36%, with 2 originations. The next most common DTI ratio? 40%, with 1 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Not provided | 2 | $180,000 | $90,000 | $2,166 | 4.50% |
| White | 1 | $85,000 | $85,000 | $1,926 | 4.50% |
Approval Rates
Total approvals of all applications100.00%
Cnb Community Development Corporation has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination66.67%
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 | 3 | $265,000 | $88,333 |