Community Mortgage Rates, Fees & Info
Independence, MOLEI: 549300MU3SP76R81WW62
Tax ID: 20-8763489
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Mortgage Data
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% | 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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
3,657Origination Dollar Volume (All Markets)
$835,815,000Awards
COMMUNITY MORTGAGE - 2020
COMMUNITY MORTGAGE is a 2020 , due to their low .
For 2020, less than of lenders were eligible for this award.
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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% |
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.
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Product Mix
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
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
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
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
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
2020 saw Community Mortgage place emphasis on $200k-400k loans with 1,705 originations, totaling $470,135,000 in origination value.
Applicant Income
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
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
Approval Rates
Total approvals of all applications99.24%
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 origination92.89%
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
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% |