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 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 Warrensburg among others. We have data for 40 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

    1,173

    Origination Dollar Volume (All Markets)

    $292,645,000
    Show all (8) 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) 761 $198,715,000 $261,124 $4,151 4.76%
    Outside of Metro Areas 144 $28,360,000 $196,944 $4,223 4.97%
    ST. LOUIS, MO-IL (FHA|USDA|VA) 89 $20,945,000 $235,337 $4,324 4.83%
    NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 42 $14,470,000 $344,524 $5,112 5.02%
    Sedalia, MO (FHA|USDA|VA) 23 $3,765,000 $163,696 $3,656 5.29%
    Warrensburg, MO (FHA|USDA|VA) 13 $3,725,000 $286,538 $5,818 5.22%
    ST. JOSEPH, MO-KS (FHA|USDA|VA) 20 $3,450,000 $172,500 $4,368 4.94%
    JEFFERSON CITY, MO (FHA|USDA|VA) 11 $1,735,000 $157,727 $3,383 5.31%
    TOPEKA, KS (FHA|USDA|VA) 5 $1,585,000 $317,000 $6,161 3.85%
    LAWRENCE, KS (FHA|USDA|VA) 6 $1,560,000 $260,000 $5,053 4.71%
    SPRINGFIELD, MO (FHA|USDA|VA) 7 $1,555,000 $222,143 $5,242 5.36%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 4 $1,530,000 $382,500 $4,931 4.75%
    COLUMBIA, MO (FHA|USDA|VA) 5 $1,155,000 $231,000 $2,545 5.05%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 1 $1,045,000 $1,045,000 $3,330 4.38%
    WICHITA, KS (FHA|USDA|VA) 3 $975,000 $325,000 $3,239 4.83%
    DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 2 $910,000 $455,000 $4,753 5.06%
    CHATTANOOGA, TN-GA (FHA|USDA|VA) 5 $835,000 $167,000 $6,139 5.98%
    Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 1 $615,000 $615,000 $6,559 5.88%
    MANHATTAN, KS (FHA|USDA|VA) 2 $570,000 $285,000 $2,821 4.63%
    Ottawa, KS (FHA|USDA|VA) 5 $545,000 $109,000 $2,524 5.60%
    VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 1 $485,000 $485,000 $3,697 2.99%
    KNOXVILLE, TN (FHA|USDA|VA) 2 $390,000 $195,000 $4,031 5.31%
    FORT COLLINS, CO (FHA|USDA|VA) 1 $375,000 $375,000 $2,026 5.49%
    Atchison, KS (FHA|USDA|VA) 2 $350,000 $175,000 $4,437 5.19%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 1 $285,000 $285,000 $3,776 5.75%
    DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) 1 $285,000 $285,000 $5,823 4.88%
    Maryville, MO (FHA|USDA|VA) 1 $265,000 $265,000 $4,897 6.75%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 1 $245,000 $245,000 $5,644 6.50%
    PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 1 $235,000 $235,000 $3,685 4.50%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 1 $225,000 $225,000 $3,965 4.63%
    Branson, MO (FHA|USDA|VA) 2 $220,000 $110,000 $3,177 5.81%
    Moberly, MO (FHA|USDA|VA) 1 $215,000 $215,000 $5,882 3.25%
    Parsons, KS (FHA|USDA|VA) 1 $175,000 $175,000 $2,500 4.88%
    Kirksville, MO (FHA|USDA|VA) 2 $160,000 $80,000 $3,019 5.13%
    JOPLIN, MO (FHA|USDA|VA) 1 $145,000 $145,000 $7,575 4.75%
    Fort Leonard Wood, MO (FHA|USDA|VA) 1 $145,000 $145,000 $2,373 3.25%
    CAPE GIRARDEAU, MO-IL (FHA|USDA|VA) 1 $125,000 $125,000 $2,565 4.50%
    Lebanon, MO (FHA|USDA|VA) 1 $95,000 $95,000 $4,407 5.99%
    Winfield, KS (FHA|USDA|VA) 1 $95,000 $95,000 $4,218 5.25%
    Mexico, MO (FHA|USDA|VA) 1 $85,000 $85,000 $5,470 5.25%
    Community Mortgage's top markets include Kansas City, St. Louis, Nashville, Sedalia, and Warrensburg among others.

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

    D.W. BROWN MORTGAGE CORP.
    Similarity Rank: 59
    Ozarks Federal Savings and Loan Association
    Similarity Rank: 126
    The Callaway Bank
    Similarity Rank: 153
    MAINSTREET FEDERAL CREDIT UNION
    Similarity Rank: 175
    First National Bank of Waterloo
    Similarity Rank: 216
    Gateway Metro Federal Credit Union
    Similarity Rank: 240
    US COMMUNITY
    Similarity Rank: 295
    FRONTIER COMMUNITY CREDIT UNION
    Similarity Rank: 354
    MORTGAGE SOLUTIONS LLC
    Similarity Rank: 368
    Envista Credit Union
    Similarity Rank: 372

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 855 $221,635,000 $259,222 $3,279 4.80%
    FHA 219 $46,575,000 $212,671 $7,128 4.96%
    VA 69 $19,915,000 $288,623 $6,701 4.85%
    USDA 30 $4,520,000 $150,667 $4,345 5.21%

    For 2022, Community Mortgage's most frequently originated type of loan was Conventional, with 855 originations. Their 2nd most popular type was FHA, with 219 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 936 $237,180,000 $253,397 $4,406 5.01%
    Cash Out Refi 162 $38,320,000 $236,543 $3,907 4.42%
    Refi 75 $17,145,000 $228,600 $2,663 3.71%

    For 2022, Community Mortgage's most frequently cited loan purpose was Home Purchase, with 936 originations. The 2nd most popular reason was Cash Out Refi, with 162 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 1,071 $270,825,000 $252,871 $4,386 4.96%
    15 Year 77 $15,295,000 $198,636 $2,467 3.58%
    20 Year 21 $5,585,000 $265,952 $2,829 3.92%
    Other 3 $835,000 $278,333 $2,899 2.66%
    10 Year 1 $105,000 $105,000 $2,044 2.88%

    For 2022, Community Mortgage's most frequently cited loan duration was 30 Year, with 1,071 originations. The 2nd most popular length was 15 Year, with 77 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 725 $184,835,000 $254,945
    $1k-2k 173 $36,195,000 $209,220
    $2k-3k 117 $25,065,000 $214,231
    $3k-4k 78 $20,110,000 $257,821
    $5k+ 39 $14,255,000 $365,513
    $4k-5k 34 $10,490,000 $308,529

    Community Mortgage's average total fees were $4,386, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 725 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 430 $106,450,000 $247,558
    3-4% 286 $74,950,000 $262,063
    4-5% 231 $57,645,000 $249,545
    6-7% 131 $30,115,000 $229,885
    2.5-3% 58 $14,060,000 $242,414
    7-8% 23 $5,245,000 $228,043
    <2.5% 14 $4,180,000 $298,571

    During 2022, Community Mortgage's average interest rate for loans was 4.96%, while their most frequently originated rate bucket for loans was 5-6%, with 430 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 524 $147,600,000 $281,679 $4,650 4.84%
    $100k-200k 420 $63,950,000 $152,262 $3,733 4.88%
    $400k-600k 118 $55,970,000 $474,322 $5,143 4.77%
    $100,000 or less 84 $6,530,000 $77,738 $2,821 4.93%
    $600k-1MM 26 $17,550,000 $675,000 $4,073 4.43%
    $1MM+ 1 $1,045,000 $1,045,000 $3,330 4.38%

    2022 saw Community Mortgage place emphasis on $200k-400k loans with 524 originations, totaling $147,600,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 314 $62,440,000 $198,854 $4,274 4.95%
    $100k-150k 227 $67,435,000 $297,070 $4,193 4.88%
    $75k-100k 224 $54,580,000 $243,661 $4,627 4.93%
    $50k or less 209 $29,605,000 $141,651 $3,826 4.78%
    $150k-250k 143 $54,245,000 $379,336 $4,231 4.71%
    $250k+ 56 $24,340,000 $434,643 $3,969 4.35%

    Community Mortgage lent most frequently to those with incomes in the $50k-75k range, with 314 originations. The second most popular income band? $100k-150k, with 227 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 219 $51,585,000 $235,548 $3,641 4.65%
    30-36% 205 $50,025,000 $244,024 $3,690 4.75%
    50-60% 87 $21,815,000 $250,747 $6,361 4.80%
    <20% 70 $16,430,000 $234,714 $3,247 4.57%
    41% 57 $14,905,000 $261,491 $4,669 4.90%
    42% 52 $13,550,000 $260,577 $4,331 5.09%
    44% 50 $13,580,000 $271,600 $3,977 4.87%
    45% 46 $12,300,000 $267,391 $4,908 4.84%
    40% 46 $13,590,000 $295,435 $4,008 4.83%
    36% 46 $11,150,000 $242,391 $3,852 5.00%
    43% 45 $10,575,000 $235,000 $4,157 5.22%
    37% 44 $11,010,000 $250,227 $4,280 5.01%
    49% 38 $10,920,000 $287,368 $5,355 5.05%
    38% 37 $8,835,000 $238,784 $3,772 5.02%
    48% 36 $8,860,000 $246,111 $4,774 5.08%
    39% 33 $7,495,000 $227,121 $4,208 4.96%
    47% 30 $7,000,000 $233,333 $4,991 5.01%
    46% 29 $8,035,000 $277,069 $5,523 5.10%
    >60% 2 $940,000 $470,000 $2,441 4.56%

    Community Mortgage lent most frequently to those with DTI ratios of 20-30%, with 219 originations. The next most common DTI ratio? 30-36%, with 205 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,048 $263,870,000 $251,784 $4,158 4.83%
    Black 53 $11,085,000 $209,151 $5,722 4.87%
    Not provided 37 $9,475,000 $256,081 $4,304 4.77%
    Asian 25 $5,935,000 $237,400 $3,451 5.18%
    American Indian 7 $1,675,000 $239,286 $6,013 5.54%
    Asian Indian 3 $605,000 $201,667 $3,067 5.13%

    Approval Rates

    Total approvals of all applications
    99.02%

    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
    87.72%

    Community Mortgage has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 1,173 $292,645,000 $249,484

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    1,173 $292,645,000 $249,484

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 36 $4,610,000 $128,056 $2,306 4.40%
    40-60% 101 $23,005,000 $227,772 $2,747 4.16%
    60-80% 323 $86,515,000 $267,848 $3,542 4.80%
    80-100% 690 $172,430,000 $249,899 $4,726 4.99%
    Over 100% 20 $5,860,000 $293,000 $9,269 4.84%
    Under 20% 3 $225,000 $75,000 $2,187 4.04%

    Complaints

    Bank Name Product Issue 2022 CPFB Complaints % of Total Issues
    Community Loan Servicing, LLC (formerly known as Bayview Loan Servicing, LLC) FHA mortgage Struggling to pay mortgage 2 66.7%
    Community Loan Servicing, LLC (formerly known as Bayview Loan Servicing, LLC) Other type of mortgage Trouble during payment process 1 33.3%