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™
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    • 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 Refi and Home Purchase 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, Columbia, and Warrensburg among others. We have data for 59 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 an above 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% 4/22/24
    30 Year Conventional Refi 6.41% 4/22/24
    30 Year Cash-out Refi 6.79% 4/22/24
    30 Year FHA Purchase 7.33% 4/22/24
    30 Year VA Purchase 6.21% 4/22/24
    30 Year USDA Purchase 6.91% 4/22/24
    15 Year Conventional Purchase 6.10% 4/22/24
    15 Year Conventional Refi 5.89% 4/22/24
    15 Year Cash-out Refi 5.89% 4/22/24
    15 Year VA Refi 6.27% 4/22/24
    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

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    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

    3,657

    Origination Dollar Volume (All Markets)

    $835,815,000
    Show all (26) 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) 2,482 $591,390,000 $238,272 $3,152 2.93%
    ST. LOUIS, MO-IL (FHA|USDA|VA) 358 $79,360,000 $221,676 $2,872 2.99%
    NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 166 $47,060,000 $283,494 $2,979 2.96%
    Outside of Metro Areas 280 $45,620,000 $162,929 $3,182 3.09%
    COLUMBIA, MO (FHA|USDA|VA) 46 $9,460,000 $205,652 $3,299 2.90%
    Warrensburg, MO (FHA|USDA|VA) 37 $8,015,000 $216,622 $4,024 2.87%
    Sedalia, MO (FHA|USDA|VA) 52 $7,060,000 $135,769 $2,898 3.20%
    JEFFERSON CITY, MO (FHA|USDA|VA) 36 $5,720,000 $158,889 $3,430 3.16%
    Mexico, MO (FHA|USDA|VA) 40 $4,710,000 $117,750 $3,485 3.27%
    LAWRENCE, KS (FHA|USDA|VA) 21 $4,185,000 $199,286 $2,792 3.16%
    DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 9 $3,455,000 $383,889 $3,113 2.77%
    TOPEKA, KS (FHA|USDA|VA) 13 $2,955,000 $227,308 $3,569 2.99%
    SPRINGFIELD, MO (FHA|USDA|VA) 8 $2,660,000 $332,500 $3,833 3.16%
    DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) 8 $2,240,000 $280,000 $1,980 2.62%
    ST. JOSEPH, MO-KS (FHA|USDA|VA) 12 $2,050,000 $170,833 $3,243 3.10%
    Kirksville, MO (FHA|USDA|VA) 12 $1,520,000 $126,667 $4,488 3.40%
    GREELEY, CO (FHA|USDA|VA) 4 $1,470,000 $367,500 $3,496 2.81%
    WICHITA, KS (FHA|USDA|VA) 6 $1,230,000 $205,000 $3,393 2.71%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 4 $950,000 $237,500 $3,816 2.75%
    CAPE GIRARDEAU, MO-IL (FHA|USDA|VA) 3 $895,000 $298,333 $2,495 2.42%
    MEMPHIS, TN-MS-AR (FHA|USDA|VA) 3 $895,000 $298,333 $2,612 2.87%
    PUNTA GORDA, FL (FHA|USDA|VA) 3 $875,000 $291,667 $3,656 2.75%
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 2 $810,000 $405,000 $4,244 2.94%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 2 $750,000 $375,000 $3,702 3.00%
    Marshall, MO (FHA|USDA|VA) 5 $745,000 $149,000 $2,713 3.03%
    Hays, KS (FHA|USDA|VA) 3 $605,000 $201,667 $1,860 2.83%
    MANHATTAN, KS (FHA|USDA|VA) 2 $600,000 $300,000 $1,991 2.75%
    SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 1 $515,000 $515,000 $4,334 2.75%
    Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 1 $515,000 $515,000 $2,040 2.75%
    Key West, FL (FHA|USDA|VA) 1 $465,000 $465,000 $3,736 3.13%
    JOPLIN, MO (FHA|USDA|VA) 2 $440,000 $220,000 $3,832 3.19%
    Ottawa, KS (FHA|USDA|VA) 2 $430,000 $215,000 $5,556 3.06%
    RICHMOND, VA (FHA|USDA|VA) 1 $405,000 $405,000 $3,816 2.50%
    Farmington, MO (FHA|USDA|VA) 2 $370,000 $185,000 $2,975 3.44%
    Atchison, KS (FHA|USDA|VA) 1 $345,000 $345,000 $2,455 2.88%
    Moberly, MO (FHA|USDA|VA) 3 $315,000 $105,000 $3,268 3.08%
    FORT COLLINS, CO (FHA|USDA|VA) 1 $305,000 $305,000 $3,746 3.63%
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 1 $295,000 $295,000 $2,261 2.75%
    Charleston-Mattoon, IL (FHA|USDA|VA) 1 $295,000 $295,000 $7,586 2.75%
    Rolla, MO (FHA|USDA|VA) 1 $295,000 $295,000 $1,906 2.63%
    SPRINGFIELD, IL (FHA|USDA|VA) 1 $285,000 $285,000 $3,940 3.50%
    KNOXVILLE, TN (FHA|USDA|VA) 1 $285,000 $285,000 $3,216 2.63%
    BRUNSWICK, GA (FHA|USDA|VA) 1 $265,000 $265,000 $3,439 3.13%
    WARNER ROBINS, GA (FHA|USDA|VA) 1 $265,000 $265,000 $3,706 3.25%
    Sevierville, TN (FHA|USDA|VA) 1 $235,000 $235,000 $5,917 4.00%
    CARBONDALE-MARION, IL (FHA|USDA|VA) 1 $225,000 $225,000 $2,410 3.13%
    Salina, KS (FHA|USDA|VA) 1 $215,000 $215,000 $3,994 3.25%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 1 $205,000 $205,000 $3,157 3.25%
    Montrose, CO (FHA|USDA|VA) 1 $205,000 $205,000 $7,476 3.50%
    Maryville, MO (FHA|USDA|VA) 2 $200,000 $100,000 $1,935 2.63%
    Dodge City, KS (FHA|USDA|VA) 2 $180,000 $90,000 $1,971 2.19%
    San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 1 $165,000 $165,000 $2,377 2.75%
    Lebanon, MO (FHA|USDA|VA) 2 $130,000 $65,000 $2,178 3.93%
    Hutchinson, KS (FHA|USDA|VA) 1 $125,000 $125,000 $2,410 2.63%
    Pittsburg, KS (FHA|USDA|VA) 1 $125,000 $125,000 $2,934 2.63%
    Hannibal, MO (FHA|USDA|VA) 1 $125,000 $125,000 $1,741 2.88%
    OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) 1 $115,000 $115,000 $1,843 2.50%
    McPherson, KS (FHA|USDA|VA) 1 $105,000 $105,000 $2,259 3.00%
    Fort Leonard Wood, MO (FHA|USDA|VA) 1 $85,000 $85,000 $2,248 3.13%
    Community Mortgage's top markets include Kansas City, St. Louis, Nashville, Columbia, and Warrensburg among others.

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

    CENTRAL MISSOURI COMMUNITY CREDIT UNION
    Similarity Rank: 84
    United Bank of Union
    Similarity Rank: 245
    CapGrow Home Mortgage, LLC
    Similarity Rank: 352
    Prairie State Bank and Trust
    Similarity Rank: 360
    Azura Credit Union
    Similarity Rank: 380
    HNB National Bank
    Similarity Rank: 390
    D.W. BROWN MORTGAGE CORP.
    Similarity Rank: 428
    FRONTIER COMMUNITY CREDIT UNION
    Similarity Rank: 553
    Citizens Savings and Loan Association, FSB
    Similarity Rank: 652
    Old Hickory Credit Union
    Similarity Rank: 680

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 2,890 $689,900,000 $238,720 $2,451 2.94%
    FHA 473 $84,095,000 $177,791 $6,854 3.17%
    VA 212 $51,340,000 $242,170 $3,969 2.76%
    USDA 82 $10,480,000 $127,805 $3,705 3.07%

    For 2020, Community Mortgage's most frequently originated type of loan was Conventional, with 2,890 originations. Their 2nd most popular type was FHA, with 473 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 1,660 $392,920,000 $236,699 $2,396 2.86%
    Home Purchase 1,495 $326,805,000 $218,599 $4,108 3.04%
    Cash Out Refi 502 $116,090,000 $231,255 $2,694 3.08%

    For 2020, Community Mortgage's most frequently cited loan purpose was Refi, with 1,660 originations. The 2nd most popular reason was Home Purchase, with 1,495 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 2,886 $673,090,000 $233,226 $3,392 3.03%
    15 Year 486 $97,530,000 $200,679 $2,192 2.62%
    20 Year 196 $46,690,000 $238,214 $2,186 2.96%
    Other 46 $10,460,000 $227,391 $2,236 2.98%
    10 Year 43 $8,045,000 $187,093 $2,005 2.53%

    For 2020, Community Mortgage's most frequently cited loan duration was 30 Year, with 2,886 originations. The 2nd most popular length was 15 Year, with 486 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 3,134 $736,060,000 $234,863
    $1k-2k 335 $58,815,000 $175,567
    $2k-3k 130 $23,780,000 $182,923
    $3k-4k 36 $8,820,000 $245,000
    $4k-5k 15 $4,285,000 $285,667
    $5k+ 7 $4,055,000 $579,286

    Community Mortgage's average total fees were $3,392, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 3,134 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 1,540 $362,730,000 $235,539
    3-4% 1,259 $273,485,000 $217,224
    <2.5% 770 $185,270,000 $240,610
    4-5% 84 $13,900,000 $165,476
    5-6% 4 $430,000 $107,500

    During 2020, Community Mortgage's average interest rate for loans was 3.03%, while their most frequently originated rate bucket for loans was 2.5-3%, with 1,540 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 1,705 $470,135,000 $275,739 $3,070 2.90%
    $100k-200k 1,352 $206,500,000 $152,737 $3,322 2.98%
    $100,000 or less 314 $25,000,000 $79,618 $2,716 3.28%
    $400k-600k 281 $129,305,000 $460,160 $3,051 2.89%
    $600k-1MM 3 $2,355,000 $785,000 $6,472 3.79%
    $1MM+ 2 $2,520,000 $1,260,000 $7,426 4.06%

    2020 saw Community Mortgage place emphasis on $200k-400k loans with 1,705 originations, totaling $470,135,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 844 $221,620,000 $262,583 $2,844 2.90%
    $50k-75k 807 $149,885,000 $185,731 $3,942 3.03%
    $75k-100k 665 $150,055,000 $225,647 $3,044 2.97%
    $50k or less 653 $94,565,000 $144,816 $3,231 3.03%
    $150k-250k 531 $164,985,000 $310,706 $2,568 2.90%
    $250k+ 157 $54,705,000 $348,439 $2,491 2.89%

    Community Mortgage lent most frequently to those with incomes in the $100k-150k range, with 844 originations. The second most popular income band? $50k-75k, with 807 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 999 $228,405,000 $228,634 $2,626 2.91%
    30-36% 690 $157,440,000 $228,174 $3,773 3.02%
    <20% 468 $111,540,000 $238,333 $2,307 2.80%
    44% 121 $28,155,000 $232,686 $3,493 3.08%
    37% 115 $26,165,000 $227,522 $2,920 3.06%
    50-60% 113 $23,165,000 $205,000 $5,417 3.01%
    43% 110 $23,550,000 $214,091 $3,111 3.04%
    36% 109 $23,955,000 $219,771 $3,118 3.05%
    38% 108 $23,320,000 $215,926 $3,417 3.06%
    39% 106 $24,510,000 $231,226 $3,075 3.07%
    42% 106 $27,120,000 $255,849 $3,368 3.03%
    45% 102 $22,010,000 $215,784 $3,336 3.04%
    41% 100 $18,530,000 $185,300 $2,974 3.09%
    40% 97 $21,495,000 $221,598 $3,444 3.04%
    46% 64 $15,300,000 $239,063 $3,525 3.10%
    48% 62 $14,870,000 $239,839 $3,634 2.99%
    47% 48 $11,790,000 $245,625 $4,002 3.07%
    49% 40 $10,400,000 $260,000 $3,522 2.99%

    Community Mortgage lent most frequently to those with DTI ratios of 20-30%, with 999 originations. The next most common DTI ratio? 30-36%, with 690 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 3,439 $786,925,000 $228,824 $3,119 2.96%
    Black 107 $22,725,000 $212,383 $3,813 3.00%
    Asian 54 $13,560,000 $251,111 $2,756 3.07%
    Not provided 37 $8,615,000 $232,838 $3,115 3.02%
    American Indian 16 $3,280,000 $205,000 $3,008 3.09%
    Native Hawaiian or Islander 4 $710,000 $177,500 $6,431 3.61%

    Approval Rates

    Total approvals of all applications
    99.24%

    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
    92.89%

    Community Mortgage has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 3,657 $835,815,000 $228,552

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 11 $1,315,000 $119,545
    Single Family (1-4 Units):Site-Built 3,646 $834,500,000 $228,881

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 79 $11,305,000 $143,101 $1,995 2.77%
    40-60% 519 $110,975,000 $213,825 $2,095 2.75%
    60-80% 1,395 $351,165,000 $251,731 $2,759 2.96%
    80-100% 1,626 $354,180,000 $217,823 $3,770 3.04%
    Over 100% 33 $7,375,000 $223,485 $7,139 3.08%
    Under 20% 5 $815,000 $163,000 $1,805 3.40%

    Complaints

    Bank Name Product Issue 2020 CPFB Complaints % of Total Issues
    COMMUNITY BANK SYSTEM, INC. Conventional home mortgage Struggling to pay mortgage 1 33.3%
    COMMUNITY BANK SYSTEM, INC. Conventional home mortgage Trouble during payment process 1 33.3%
    COMMUNITY BANK SYSTEM, INC. Other type of mortgage Closing on a mortgage 1 33.3%