Community Mortgage Rates, Fees & Info

Independence, MO

LEI: 549300MU3SP76R81WW62

Tax ID: 20-8763489

5 stars - out of 5 stars, based on 58 reviews

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

Community Mortgage is a smaller mortgage company specializing in Refi, Home Purchase, and Cash Out Refi loans. Community Mortgage has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets include Kansas City, St. Louis, Nashville, Columbia, and Warrensburg among others. Community Mortgage has an above average approval rate for mortages when compared nationally. They have an average pick rate when compared to the same sample of other lendors. Community Mortgage is typically an average fee lendor.


Originations

3,309

Origination Dollar Volume (All Markets)

$781,965,000
Show all (26) awards

Relative Rate

Community Mortgage 's average 30 year fixed rate mortgage of loans were 2.93%.

The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.

This yields a difference of -0.22%.

Relative Fees

Community Mortgage 's average total fees for a 30 year fixed rate mortgage are $3,301.

The average total origination fees for 30 year fixed rate mortgages (for all loan values, including both points & up-front fees in addition to origination fees) are $4,750.

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
KANSAS CITY, MO-KS (FHA|USDA|VA) 2,280 $563,120,000 $246,982 $2,812 2.80%
ST. LOUIS, MO-IL (FHA|USDA|VA) 288 $63,230,000 $219,549 $2,828 2.80%
Outside of Metro Areas 238 $41,250,000 $173,319 $3,225 2.87%
NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN (FHA|USDA|VA) 137 $39,555,000 $288,723 $3,168 2.84%
COLUMBIA, MO (FHA|USDA|VA) 46 $9,590,000 $208,478 $3,127 2.80%
Warrensburg, MO (FHA|USDA|VA) 32 $7,190,000 $224,688 $3,493 2.87%
JEFFERSON CITY, MO (FHA|USDA|VA) 32 $6,190,000 $193,438 $3,481 2.89%
LAWRENCE, KS (FHA|USDA|VA) 23 $5,395,000 $234,565 $3,572 2.97%
Mexico, MO (FHA|USDA|VA) 41 $5,035,000 $122,805 $3,049 2.94%
TOPEKA, KS (FHA|USDA|VA) 18 $4,070,000 $226,111 $3,164 2.69%
Sedalia, MO (FHA|USDA|VA) 25 $3,975,000 $159,000 $3,562 2.84%
ST. JOSEPH, MO-KS (FHA|USDA|VA) 22 $3,400,000 $154,545 $2,969 2.97%
WICHITA, KS (FHA|USDA|VA) 16 $2,930,000 $183,125 $2,767 2.78%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 6 $2,550,000 $425,000 $3,463 2.98%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 6 $2,370,000 $395,000 $4,130 2.98%
Kirksville, MO (FHA|USDA|VA) 13 $1,845,000 $141,923 $3,198 2.93%
SPRINGFIELD, MO (FHA|USDA|VA) 6 $1,650,000 $275,000 $2,931 3.10%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 4 $1,540,000 $385,000 $4,619 3.13%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 3 $1,135,000 $378,333 $4,647 3.41%
Hays, KS (FHA|USDA|VA) 7 $1,095,000 $156,429 $2,155 2.59%
GREELEY, CO (FHA|USDA|VA) 2 $860,000 $430,000 $2,643 2.94%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 3 $755,000 $251,667 $4,306 3.13%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 3 $735,000 $245,000 $107,425 3.12%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 4 $730,000 $182,500 $2,812 2.84%
Moberly, MO (FHA|USDA|VA) 5 $715,000 $143,000 $2,730 2.68%
Ottawa, KS (FHA|USDA|VA) 4 $670,000 $167,500 $2,537 2.66%
KNOXVILLE, TN (FHA|USDA|VA) 2 $630,000 $315,000 $3,795 3.13%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 1 $595,000 $595,000 $8,195 2.50%
Pittsburg, KS (FHA|USDA|VA) 3 $535,000 $178,333 $2,825 2.62%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 2 $520,000 $260,000 $4,307 2.69%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 2 $500,000 $250,000 $2,252 2.68%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 1 $485,000 $485,000 $5,193 2.50%
Branson, MO (FHA|USDA|VA) 2 $460,000 $230,000 $2,539 2.62%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 1 $455,000 $455,000 $2,748 2.13%
Fort Leonard Wood, MO (FHA|USDA|VA) 3 $445,000 $148,333 $4,192 2.54%
Dodge City, KS (FHA|USDA|VA) 2 $430,000 $215,000 $1,917 2.63%
Farmington, MO (FHA|USDA|VA) 2 $420,000 $210,000 $2,120 2.38%
Hutchinson, KS (FHA|USDA|VA) 1 $405,000 $405,000 $2,772 2.99%
Lebanon, MO (FHA|USDA|VA) 2 $370,000 $185,000 $4,402 3.50%
CLARKSVILLE, TN-KY (FHA|USDA|VA) 2 $330,000 $165,000 $2,526 2.88%
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 1 $325,000 $325,000 $4,078 3.00%
CHATTANOOGA, TN-GA (FHA|USDA|VA) 2 $320,000 $160,000 $4,517 3.50%
Sevierville, TN (FHA|USDA|VA) 1 $295,000 $295,000 $2,844 2.88%
JOPLIN, MO (FHA|USDA|VA) 1 $275,000 $275,000 $1,902 2.88%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 1 $275,000 $275,000 $3,115 2.13%
Coffeyville, KS (FHA|USDA|VA) 1 $265,000 $265,000 $2,584 2.13%
PORT ST. LUCIE, FL (FHA|USDA|VA) 1 $265,000 $265,000 $5,597 2.63%
Atchison, KS (FHA|USDA|VA) 1 $225,000 $225,000 $2,294 2.63%
CAPE GIRARDEAU, MO-IL (FHA|USDA|VA) 1 $215,000 $215,000 $2,329 2.88%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 1 $195,000 $195,000 $2,316 2.75%
Sikeston, MO (FHA|USDA|VA) 1 $175,000 $175,000 $4,551 2.75%
PEORIA, IL (FHA|USDA|VA) 1 $165,000 $165,000 $2,103 2.63%
MANHATTAN, KS (FHA|USDA|VA) 1 $165,000 $165,000 $3,312 4.13%
MEMPHIS, TN-MS-AR (FHA|USDA|VA) 1 $145,000 $145,000 $2,142 2.63%
Maryville, MO (FHA|USDA|VA) 1 $135,000 $135,000 $1,755 3.25%
Marshall, MO (FHA|USDA|VA) 1 $125,000 $125,000 $1,799 2.88%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 1 $125,000 $125,000 $2,718 2.63%
BLOOMINGTON, IL (FHA|USDA|VA) 1 $115,000 $115,000 $1,730 3.25%

Community Mortgage 's top markets include Kansas City, St. Louis, Nashville, Columbia, and Warrensburg among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 2,755 $664,415,000 $241,167 $2,506 2.81%
FHA 350 $70,950,000 $202,714 $6,204 2.90%
VA 136 $37,950,000 $279,044 $4,501 2.58%
USDA 68 $8,650,000 $127,206 $3,553 2.76%

For the 2021 period, Community Mortgage 's most frequently originated loan type of loans were Conventional, with 2,755 originations. Their 2nd most popular type is FHA, with 350 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Refi 1,320 $305,600,000 $231,515 $2,260 2.61%
Home Purchase 1,260 $307,270,000 $243,865 $3,799 2.94%
Cash Out Refi 729 $169,095,000 $231,955 $2,962 2.96%

For the 2021, Community Mortgage 's most frequently cited loan purpose of loans were Refi, with 1,320 originations. The 2nd most popular reason of loans were Home Purchase, with 1,260 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 2,478 $602,110,000 $242,982 $3,301 2.93%
15 Year 549 $113,765,000 $207,222 $2,118 2.37%
20 Year 198 $47,230,000 $238,535 $2,024 2.72%
10 Year 48 $8,710,000 $181,458 $1,876 2.22%
Other 36 $10,150,000 $281,944 $2,637 2.72%

For the 2021, Community Mortgage 's most frequently cited loan length of loans were 30 Year, with 2,478 originations. The 2nd most popular length of loans were 15 Year, with 549 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$<1k 2,903 $698,975,000 $240,777
$1k-2k 229 $40,365,000 $176,266
$2k-3k 115 $24,265,000 $211,000
$3k-4k 43 $11,535,000 $268,256
$5k+ 10 $4,420,000 $442,000

$3,301 of loans were Community Mortgage 's average total fees, while their most frequently occuring range of origination fees were in the $<1k bucket, with 2,903 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
2.5-3% 1,647 $402,135,000 $244,162
<2.5% 886 $207,290,000 $233,962
3-4% 745 $166,695,000 $223,752
4-5% 31 $5,845,000 $188,548

During 2021, Community Mortgage 's average interest rate of loans were 2.93%, while their most frequently originated rate bucket of loans were 2.5-3%, with 1,647 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$200k-400k 1,547 $429,325,000 $277,521 $3,313 2.80%
$100k-200k 1,214 $183,420,000 $151,087 $2,663 2.81%
$400k-600k 292 $139,030,000 $476,130 $3,114 2.75%
$100,000 or less 245 $19,695,000 $80,388 $2,468 2.92%
$600k-1MM 7 $5,735,000 $819,286 $6,632 3.02%
$1MM+ 4 $4,760,000 $1,190,000 $3,159 3.28%

2021 saw Community Mortgage place emphasis on $200k-400k loans with 1,547 originations, totaling $429,325,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$50k-75k 764 $147,380,000 $192,906 $3,117 2.85%
$100k-150k 742 $200,850,000 $270,687 $3,273 2.78%
$75k-100k 605 $141,805,000 $234,388 $2,892 2.83%
$50k or less 576 $87,400,000 $151,736 $3,022 2.82%
$150k-250k 466 $144,530,000 $310,150 $2,585 2.74%
$250k+ 156 $60,000,000 $384,615 $2,718 2.85%

Community Mortgage lent most frequently to those with incomes in the $50k-75k range, with 764 originations. The second most popular income band? $100k-150k, with 742 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
20-30% 877 $206,605,000 $235,582 $2,535 2.79%
30-36% 625 $148,205,000 $237,128 $2,930 2.84%
<20% 368 $84,370,000 $229,266 $2,230 2.66%
44% 132 $30,070,000 $227,803 $3,093 2.93%
40% 122 $27,640,000 $226,557 $3,058 2.92%
39% 111 $26,325,000 $237,162 $3,004 2.88%
38% 109 $24,515,000 $224,908 $2,933 2.80%
36% 109 $26,465,000 $242,798 $2,710 2.79%
37% 100 $24,370,000 $243,700 $3,067 2.81%
42% 96 $24,700,000 $257,292 $3,347 2.87%
41% 95 $22,905,000 $241,105 $3,339 2.90%
50-60% 94 $23,350,000 $248,404 $5,709 2.75%
43% 94 $22,460,000 $238,936 $3,344 2.93%
45% 88 $21,020,000 $238,864 $6,439 2.87%
46% 68 $16,750,000 $246,324 $3,955 2.91%
47% 64 $15,330,000 $239,531 $2,829 2.86%
49% 54 $12,150,000 $225,000 $3,475 2.93%
48% 46 $10,690,000 $232,391 $3,509 2.99%
>60% 1 $135,000 $135,000 $1,601 2.50%

Community Mortgage lent most frequently to those with DTI ratios of 20-30%, with 877 originations. The next most common DTI ratio? 30-36%, with 625 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 3,012 $711,810,000 $236,325 $2,939 2.80%
Black 127 $28,715,000 $226,102 $4,347 2.92%
Asian 78 $20,400,000 $261,538 $2,950 2.76%
Not provided 61 $13,185,000 $216,148 $3,188 2.87%
Asian Indian 14 $3,990,000 $285,000 $2,761 3.17%
American Indian 11 $2,665,000 $242,273 $3,295 3.01%
Native Hawaiian 5 $1,075,000 $215,000 $4,208 2.55%
1 $125,000 $125,000 $4,303 2.75%

Approval Rates

Total approvals of all applications
99.27%

Community Mortgage has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

Pick Rate

Approvals leading to origination
91.46%

Community Mortgage has an average pick rate.

Points and Fees

Points Originations Total Value Average Loan
NA 3,309 $781,965,000 $236,315

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
3,309 $781,965,000 $236,315

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 105 $15,715,000 $149,667 $2,051 2.58%
40-60% 591 $127,425,000 $215,609 $2,067 2.61%
60-80% 1,376 $344,050,000 $250,036 $2,571 2.86%
80-100% 1,201 $287,205,000 $239,138 $3,937 2.88%
Over 100% 25 $6,355,000 $254,200 $8,290 2.70%
Under 20% 11 $1,215,000 $110,455 $1,771 2.89%

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%