Community Development Corp Of Brownsville Mortgage Rates, Fees & Info
Brownsville, TXLEI: 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.
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Originations
41Origination Dollar Volume (All Markets)
$3,335,000Awards
COMMUNITY DEVELOPMENT CORP OF BROWNSVILLE - 2018
COMMUNITY DEVELOPMENT CORP OF BROWNSVILLE is a 2018 , due to their low .
For 2018, 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 |
|---|---|---|---|---|---|
| BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) | 41 | $3,335,000 | $81,341 | $5,716 | 4.85% |
Similar Lenders
We use machine learning to identify the top lenders compared against COMMUNITY DEVELOPMENT CORP OF BROWNSVILLE 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
| 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
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 applications90.38%
Community Development Corp Of Brownsville has an average approval rate.
Pick Rate
Approvals leading to origination85.37%
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% |