Community Mortgage Rates, Fees & Info

Independence, MO

LEI: 549300MU3SP76R81WW62

Tax ID: 20-8763489

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 is a smaller mortgage company specializing in Home Purchase and 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 by origination volume include: Kansas City, St. Louis, Nashville, Sedalia, and Jefferson City among others. We have data for 41 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Community Mortgage 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. Community Mortgage 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.

    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 6.65% 12/16/24
    30 Year Conventional Refi 6.41% 12/16/24
    30 Year Cash-out Refi 6.79% 12/16/24
    30 Year FHA Purchase 7.33% 12/16/24
    30 Year VA Purchase 6.21% 12/16/24
    30 Year USDA Purchase 6.91% 12/16/24
    15 Year Conventional Purchase 6.10% 12/16/24
    15 Year Conventional Refi 5.89% 12/16/24
    15 Year Cash-out Refi 5.89% 12/16/24
    15 Year VA Refi 6.27% 12/16/24
    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 Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Community Mortgage. 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

    1,957

    Origination Dollar Volume (All Markets)

    $402,865,000
    Show all (7) 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
    KANSAS CITY, MO-KS (FHA|USDA|VA) 1,305 $281,675,000 $215,843 $3,624 4.09%
    ST. LOUIS, MO-IL (FHA|USDA|VA) 180 $38,270,000 $212,611 $3,651 4.10%
    Outside of Metro Areas 185 $25,895,000 $139,973 $3,748 4.33%
    NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 76 $20,520,000 $270,000 $3,369 4.08%
    Sedalia, MO (FHA|USDA|VA) 48 $6,600,000 $137,500 $3,397 4.26%
    JEFFERSON CITY, MO (FHA|USDA|VA) 20 $4,070,000 $203,500 $4,181 4.14%
    Warrensburg, MO (FHA|USDA|VA) 19 $3,885,000 $204,474 $3,779 3.99%
    COLUMBIA, MO (FHA|USDA|VA) 23 $3,575,000 $155,435 $3,443 4.21%
    LAWRENCE, KS (FHA|USDA|VA) 9 $2,355,000 $261,667 $5,050 3.96%
    Mexico, MO (FHA|USDA|VA) 20 $2,070,000 $103,500 $3,821 4.49%
    Kirksville, MO (FHA|USDA|VA) 13 $1,765,000 $135,769 $4,156 4.60%
    TOPEKA, KS (FHA|USDA|VA) 9 $1,765,000 $196,111 $3,455 4.07%
    SPRINGFIELD, MO (FHA|USDA|VA) 4 $1,160,000 $290,000 $4,869 4.31%
    WICHITA, KS (FHA|USDA|VA) 4 $930,000 $232,500 $2,325 3.96%
    Hays, KS (FHA|USDA|VA) 6 $880,000 $146,667 $2,593 3.81%
    ST. JOSEPH, MO-KS (FHA|USDA|VA) 3 $595,000 $198,333 $4,261 4.06%
    HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 2 $560,000 $280,000 $3,623 4.44%
    Marshall, MO (FHA|USDA|VA) 4 $560,000 $140,000 $3,926 4.31%
    PANAMA CITY, FL (FHA|USDA|VA) 1 $525,000 $525,000 $3,088 4.50%
    Ottawa, KS (FHA|USDA|VA) 3 $515,000 $171,667 $4,682 4.25%
    DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 2 $490,000 $245,000 $4,624 4.00%
    ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 1 $475,000 $475,000 $3,190 2.75%
    Hutchinson, KS (FHA|USDA|VA) 1 $345,000 $345,000 $7,071 4.25%
    JOPLIN, MO (FHA|USDA|VA) 1 $285,000 $285,000 $2,982 3.99%
    PORT ST. LUCIE, FL (FHA|USDA|VA) 1 $265,000 $265,000 $4,890 4.25%
    WARNER ROBINS, GA (FHA|USDA|VA) 1 $265,000 $265,000 $8,580 3.99%
    DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) 1 $255,000 $255,000 $2,075 3.75%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 1 $235,000 $235,000 $4,497 3.75%
    GREELEY, CO (FHA|USDA|VA) 1 $225,000 $225,000 $1,968 3.75%
    Lebanon, MO (FHA|USDA|VA) 1 $215,000 $215,000 $450 3.88%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 1 $205,000 $205,000 $4,072 3.99%
    Dodge City, KS (FHA|USDA|VA) 2 $200,000 $100,000 $3,314 4.69%
    Montrose, CO (FHA|USDA|VA) 1 $195,000 $195,000 $2,438 5.13%
    OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) 1 $185,000 $185,000 $4,224 4.00%
    CARBONDALE-MARION, IL (FHA|USDA|VA) 1 $165,000 $165,000 $2,410 3.63%
    Parsons, KS (FHA|USDA|VA) 1 $165,000 $165,000 $5,520 4.00%
    Rolla, MO (FHA|USDA|VA) 1 $145,000 $145,000 $3,864 3.63%
    Moberly, MO (FHA|USDA|VA) 1 $115,000 $115,000 $4,441 4.00%
    BLOOMINGTON, IL (FHA|USDA|VA) 1 $105,000 $105,000 $2,621 4.00%
    Hannibal, MO (FHA|USDA|VA) 1 $95,000 $95,000 $2,925 3.75%
    Jacksonville, IL (FHA|USDA|VA) 1 $65,000 $65,000 $2,432 3.99%
    Community Mortgage's top markets include Kansas City, St. Louis, Nashville, Sedalia, and Jefferson City among others.

    Their top states include:
  • Missouri (FHA|USDA|VA)
  • Kansas (FHA|USDA|VA)
  • Tennessee (FHA|USDA|VA)
  • Illinois (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against COMMUNITY MORTGAGE based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    American Bank of Missouri
    Similarity Rank: 63
    US COMMUNITY
    Similarity Rank: 64
    Citizens Savings and Loan Association, FSB
    Similarity Rank: 141
    MAINSTREET FEDERAL CREDIT UNION
    Similarity Rank: 160
    MERITRUST Federal Credit Union
    Similarity Rank: 196
    WEST COMMUNITY
    Similarity Rank: 235
    United Bank of Union
    Similarity Rank: 275
    D.W. BROWN MORTGAGE CORP.
    Similarity Rank: 302
    ELECTRO SAVINGS CREDIT UNION
    Similarity Rank: 396
    UNITED CONSUMERS CREDIT UNION
    Similarity Rank: 416

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,228 $275,990,000 $224,748 $2,739 4.10%
    FHA 514 $86,920,000 $169,105 $5,575 4.21%
    VA 145 $31,865,000 $219,759 $4,545 4.02%
    USDA 70 $8,090,000 $115,571 $3,508 4.15%

    For 2019, Community Mortgage's most frequently originated type of loan was Conventional, with 1,228 originations. Their 2nd most popular type was FHA, with 514 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 1,242 $233,520,000 $188,019 $4,020 4.23%
    Refi 418 $104,280,000 $249,474 $2,920 3.79%
    Cash Out Refi 297 $65,065,000 $219,074 $3,077 4.15%

    For 2019, Community Mortgage's most frequently cited loan purpose was Home Purchase, with 1,242 originations. The 2nd most popular reason was Refi, with 418 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 1,732 $355,020,000 $204,977 $3,805 4.18%
    15 Year 120 $24,040,000 $200,333 $2,354 3.56%
    20 Year 87 $19,365,000 $222,586 $2,430 3.86%
    10 Year 9 $1,635,000 $181,667 $2,335 3.44%
    Other 9 $2,805,000 $311,667 $2,153 3.74%

    For 2019, Community Mortgage's most frequently cited loan duration was 30 Year, with 1,732 originations. The 2nd most popular length was 15 Year, with 120 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 1,555 $333,575,000 $214,518
    $1k-2k 218 $32,840,000 $150,642
    $2k-3k 123 $20,885,000 $169,797
    $3k-4k 36 $8,030,000 $223,056
    $4k-5k 7 $2,205,000 $315,000
    $5k+ 4 $2,220,000 $555,000

    Community Mortgage's average total fees were $3,805, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 1,555 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 1,074 $239,110,000 $222,635
    4-5% 747 $142,815,000 $191,185
    5-6% 125 $17,945,000 $143,560
    2.5-3% 9 $2,695,000 $299,444
    6-7% 2 $300,000 $150,000

    During 2019, Community Mortgage's average interest rate for loans was 4.18%, while their most frequently originated rate bucket for loans was 3-4%, with 1,074 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 824 $124,750,000 $151,396 $3,548 4.15%
    $200k-400k 753 $206,155,000 $273,778 $4,021 4.01%
    $100,000 or less 273 $21,345,000 $78,187 $2,993 4.42%
    $400k-600k 100 $44,950,000 $449,500 $3,155 3.90%
    $600k-1MM 6 $4,310,000 $718,333 $6,198 4.23%
    $1MM+ 1 $1,355,000 $1,355,000 $2,827 3.88%

    2019 saw Community Mortgage place emphasis on $100k-200k loans with 824 originations, totaling $124,750,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 517 $89,925,000 $173,936 $3,824 4.18%
    $50k or less 469 $59,315,000 $126,471 $3,517 4.18%
    $100k-150k 388 $102,370,000 $263,840 $3,538 4.05%
    $75k-100k 365 $76,215,000 $208,808 $3,800 4.15%
    $150k-250k 177 $57,355,000 $324,040 $3,425 3.93%
    $250k+ 41 $17,685,000 $431,341 $3,174 3.98%

    Community Mortgage lent most frequently to those with incomes in the $50k-75k range, with 517 originations. The second most popular income band? $50k or less, with 469 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 421 $86,935,000 $206,496 $3,249 4.07%
    30-36% 375 $76,595,000 $204,253 $3,563 4.09%
    <20% 143 $28,295,000 $197,867 $2,903 3.93%
    50-60% 107 $21,415,000 $200,140 $5,591 4.08%
    43% 82 $16,060,000 $195,854 $3,617 4.22%
    44% 80 $17,960,000 $224,500 $4,281 4.34%
    39% 80 $16,030,000 $200,375 $3,615 4.23%
    42% 79 $17,355,000 $219,684 $3,645 4.24%
    41% 78 $13,860,000 $177,692 $3,711 4.10%
    36% 76 $15,630,000 $205,658 $3,644 4.22%
    40% 72 $14,200,000 $197,222 $3,836 4.13%
    37% 71 $15,455,000 $217,676 $3,441 4.18%
    38% 68 $13,730,000 $201,912 $3,640 4.07%
    45% 66 $13,900,000 $210,606 $3,865 4.14%
    48% 44 $9,660,000 $219,545 $3,839 4.29%
    46% 38 $8,800,000 $231,579 $3,661 4.20%
    49% 34 $7,250,000 $213,235 $3,877 4.35%
    47% 33 $6,965,000 $211,061 $3,768 4.08%

    Community Mortgage lent most frequently to those with DTI ratios of 20-30%, with 421 originations. The next most common DTI ratio? 30-36%, with 375 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,825 $377,865,000 $207,049 $3,574 4.12%
    Black 78 $14,760,000 $189,231 $5,086 4.22%
    Asian 21 $4,725,000 $225,000 $2,884 4.06%
    Not provided 18 $2,940,000 $163,333 $3,598 4.17%
    Native Hawaiian or Islander 9 $1,845,000 $205,000 $5,427 4.25%
    American Indian 6 $730,000 $121,667 $4,694 4.71%

    Approval Rates

    Total approvals of all applications
    99.13%

    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
    89.42%

    Community Mortgage has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 1,957 $402,865,000 $205,858

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 28 $3,400,000 $121,429
    Single Family (1-4 Units):Site-Built 1,929 $399,465,000 $207,084

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 22 $2,840,000 $129,091 $2,194 3.99%
    40-60% 111 $19,725,000 $177,703 $2,268 3.89%
    60-80% 522 $123,670,000 $236,916 $2,462 4.06%
    80-100% 1,256 $247,840,000 $197,325 $4,196 4.17%
    Over 100% 45 $8,685,000 $193,000 $6,064 4.10%
    Under 20% 1 $105,000 $105,000 $1,893 3.63%

    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%