Community Development Corp Of Brownsville Mortgage Rates, Fees & Info

Brownsville, TX

LEI: 549300RY2RZTSD07CW96

Tax ID: 74-1835777

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Mortgage Data

Review & Overview

Community Development Corp Of Brownsville is a smaller mortgage company specializing in Home Purchase loans. They have a a high proportion of FHA loans. Community Development Corp Of Brownsville has an average proportion of conventional loans. Their top (well, only) market is Brownsville.

Community Development Corp Of Brownsville 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 Development Corp Of Brownsville is typically an average 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.

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Originations

41

Origination Dollar Volume (All Markets)

$3,335,000

Awards

COMMUNITY DEVELOPMENT CORP OF BROWNSVILLE FHA Loans bronze COMMUNITY DEVELOPMENT CORP OF BROWNSVILLE 30 Year Conventional Loans bronze COMMUNITY DEVELOPMENT CORP OF BROWNSVILLE FHA Loans gold
Show all (3) 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
BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) 41 $3,335,000 $81,341 $5,716 4.85%
Community Development Corp Of Brownsville's top markets include and Brownsville among others.

Their top states include:
  • Texas (FHA|USDA|VA)
  • Similar Lenders

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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    FHA 30 $2,480,000 $82,667 $6,099 4.84%
    Conventional 11 $855,000 $77,727 $4,672 4.88%

    For 2018, Community Development Corp Of Brownsville's most frequently originated type of loan was FHA, with 30 originations. Their 2nd most popular type was Conventional, with 11 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 41 $3,335,000 $81,341 $5,716 4.85%

    For 2018, Community Development Corp Of Brownsville's most frequently cited loan purpose was Home Purchase, with 41 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 41 $3,335,000 $81,341 $5,716 4.85%

    For 2018, Community Development Corp Of Brownsville's most frequently cited loan duration was 30 Year, with 41 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $2k-3k 34 $2,840,000 $83,529
    $1k-2k 5 $285,000 $57,000
    $<1k 1 $85,000 $85,000
    $3k-4k 1 $125,000 $125,000

    Community Development Corp Of Brownsville's average total fees were $5,716, while their most frequently occuring range of origination fees (closing costs) were in the $2k-3k bucket, with 34 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 35 $2,925,000 $83,571
    5-6% 5 $335,000 $67,000
    3-4% 1 $75,000 $75,000

    During 2018, Community Development Corp Of Brownsville's average interest rate for loans was 4.85%, while their most frequently originated rate bucket for loans was 4-5%, with 35 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 35 $2,665,000 $76,143 $5,477 4.85%
    $100k-200k 6 $670,000 $111,667 $7,110 4.85%

    2018 saw Community Development Corp Of Brownsville place emphasis on $100,000 or less loans with 35 originations, totaling $2,665,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 40 $3,250,000 $81,250 $5,733 4.85%
    $100k-150k 1 $85,000 $85,000 $5,039 5.00%

    Community Development Corp Of Brownsville lent most frequently to those with incomes in the $50k or less range, with 40 originations. The second most popular income band? $100k-150k, with 1 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 18 $1,420,000 $78,889 $5,503 4.88%
    20-30% 6 $480,000 $80,000 $5,503 4.77%
    37% 3 $245,000 $81,667 $5,862 4.79%
    41% 3 $225,000 $75,000 $5,474 4.67%
    43% 3 $285,000 $95,000 $6,473 4.88%
    38% 2 $190,000 $95,000 $6,826 4.94%
    47% 1 $85,000 $85,000 $4,861 4.38%
    36% 1 $85,000 $85,000 $6,453 5.00%
    39% 1 $85,000 $85,000 $6,010 4.88%
    40% 1 $65,000 $65,000 $5,468 5.13%
    42% 1 $105,000 $105,000 $7,182 5.00%
    44% 1 $65,000 $65,000 $5,235 5.13%

    Community Development Corp Of Brownsville lent most frequently to those with DTI ratios of 30-36%, with 18 originations. The next most common DTI ratio? 20-30%, with 6 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 41 $3,335,000 $81,341 $5,716 4.85%

    Approval Rates

    Total approvals of all applications
    90.38%

    Community Development Corp Of Brownsville has an average approval rate.

    Pick Rate

    Approvals leading to origination
    85.37%

    Community Development Corp Of Brownsville has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 41 $3,335,000 $81,341

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 41 $3,335,000 $81,341

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    40-60% 1 $55,000 $55,000 $5,273 4.50%
    60-80% 10 $680,000 $68,000 $5,052 5.06%
    80-100% 30 $2,600,000 $86,667 $5,952 4.79%

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    Community Lending of America, Inc. VA mortgage Closing on a mortgage 1 100.0%