Community Mortgage Funding Rates, Fees & Info
Sacramento, CALEI: 549300SWHFQY2F7RN335
Tax ID: 95-4769926
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Mortgage Data
Review & Overview
Community Mortgage Funding is a smaller mortgage company specializing in Home Purchase and Cash Out Refi loans. Community Mortgage Funding has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: Los Angeles, Riverside, Dallas, Kansas City, and Houston among others. We have data for 46 markets. (Some data included below & more in-depth data is available with an active subscription.)Community Mortgage Funding 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 Funding 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.
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 | 5.78% | 12/4/23 |
| 30 Year Conventional Refi | 6.32% | 12/4/23 |
| 30 Year Cash-out Refi | 6.60% | 12/4/23 |
| 30 Year FHA Purchase | 7.02% | 12/4/23 |
| 30 Year VA Purchase | 6.27% | 12/4/23 |
| 15 Year Conventional Purchase | 5.17% | 12/4/23 |
| 15 Year Conventional Refi | 6.10% | 12/4/23 |
| 15 Year Cash-out Refi | 6.10% | 12/4/23 |
| 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 Funding Mortgage Calculator
Your Estimates
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This is not an official calculator from Community Mortgage Funding. It uses our SimulatedRate™
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
172Origination Dollar Volume (All Markets)
$44,490,000Awards
COMMUNITY MORTGAGE FUNDING - 2022
COMMUNITY MORTGAGE FUNDING is a 2022 , due to their low .
For 2022, less than of lenders were eligible for this award.
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Relative Rate
Community Mortgage Funding's average 30 year fixed mortgage rate was
4.59%.
The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.
This yields a difference of -0.17%.
Relative Fees (Closing Costs)
Community Mortgage Funding's average total fees/closing costs for a 30 year fixed rate
mortgage were $5,467.
The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including
both points & up-front fees in addition to origination fees) were $4,750.
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 |
|---|---|---|---|---|---|
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 31 | $11,025,000 | $355,645 | $4,291 | 5.08% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 23 | $7,845,000 | $341,087 | $3,913 | 5.83% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 7 | $1,905,000 | $272,143 | $3,054 | 6.68% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 8 | $1,580,000 | $197,500 | $3,123 | 6.27% |
| Outside of Metro Areas | 6 | $1,490,000 | $248,333 | $4,500 | 5.71% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 6 | $1,470,000 | $245,000 | $2,875 | 6.33% |
| KILLEEN-TEMPLE, TX (FHA|USDA|VA) | 7 | $1,425,000 | $203,571 | $3,746 | 6.48% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 4 | $1,410,000 | $352,500 | $5,929 | 6.75% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 6 | $1,160,000 | $193,333 | $2,951 | 4.83% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 3 | $1,065,000 | $355,000 | $3,659 | 6.13% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 6 | $1,050,000 | $175,000 | $1,655 | 7.44% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 3 | $945,000 | $315,000 | $9,752 | 6.08% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 4 | $930,000 | $232,500 | $1,642 | 7.44% |
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 6 | $870,000 | $145,000 | $2,436 | 6.46% |
| GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) | 4 | $840,000 | $210,000 | $2,905 | 4.63% |
| Eureka-Arcata, CA (FHA|USDA|VA) | 3 | $705,000 | $235,000 | $3,102 | 6.33% |
| EL CENTRO, CA (FHA|USDA|VA) | 3 | $615,000 | $205,000 | $6,228 | 4.79% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 2 | $600,000 | $300,000 | $6,204 | 4.13% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 4 | $580,000 | $145,000 | $1,512 | 9.37% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 1 | $535,000 | $535,000 | $15,173 | 4.88% |
| LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) | 3 | $525,000 | $175,000 | $3,427 | 4.96% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 2 | $490,000 | $245,000 | $5,474 | 6.70% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 2 | $480,000 | $240,000 | $3,287 | 5.94% |
| SALEM, OR (FHA|USDA|VA) | 2 | $460,000 | $230,000 | $3,347 | 7.56% |
| FRESNO, CA (FHA|USDA|VA) | 2 | $460,000 | $230,000 | $3,437 | 3.81% |
| OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) | 2 | $440,000 | $220,000 | $2,536 | 7.38% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 1 | $435,000 | $435,000 | $2,789 | 4.00% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $6,626 | 7.00% |
| FLINT, MI (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $3,500 | 4.88% |
| Stephenville, TX (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $5,245 | 3.88% |
| SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $629 | 9.50% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 2 | $250,000 | $125,000 | $1,336 | 9.75% |
| SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $2,617 | 3.25% |
| MERCED, CA (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $3,377 | 4.88% |
| TULSA, OK (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $4,317 | 4.88% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $714 | 8.25% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $3,016 | 3.50% |
| EL PASO, TX (FHA|USDA|VA) | 2 | $140,000 | $70,000 | $200 | 10.37% |
| COLUMBUS, OH (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $2,444 | 4.88% |
| FORT COLLINS, CO (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $214 | 10.74% |
| MODESTO, CA (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $909 | 9.50% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $575 | 8.25% |
| TUCSON, AZ (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $415 | 9.99% |
| STOCKTON, CA (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $588 | 6.25% |
| TOLEDO, OH (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $4,757 | 7.13% |
| YUBA CITY, CA (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $588 | 8.75% |
Similar Lenders
We use machine learning to identify the top lenders compared against COMMUNITY MORTGAGE FUNDING 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 2022, Community Mortgage Funding's most frequently originated type of loan was Conventional, with 164 originations. Their 2nd most popular type was Reverse Mortgage, with 5 originations.
Loan Reason
For 2022, Community Mortgage Funding's most frequently cited loan purpose was Home Purchase, with 107 originations. The 2nd most popular reason was Cash Out Refi, with 58 originations.
Loan Duration/Length
For 2022, Community Mortgage Funding's most frequently cited loan duration was 30 Year, with 92 originations. The 2nd most popular length was 20 Year, with 62 originations.
Origination Fees/Closing Costs
Community Mortgage Funding's average total fees were $5,467, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 76 originations.
Interest Rates
During 2022, Community Mortgage Funding's average interest rate for loans was 4.59%, while their most frequently originated rate bucket for loans was Over 8%, with 48 originations.
Loan Sizing
2022 saw Community Mortgage Funding place emphasis on $200k-400k loans with 57 originations, totaling $15,605,000 in origination value.
Applicant Income
Community Mortgage Funding lent most frequently to those with incomes in the $100k-150k range, with 46 originations. The second most popular income band? $150k-250k, with 44 originations.
Applicant Debt to Income Ratio
Community Mortgage Funding lent most frequently to those with DTI ratios of 20-30%, with 30 originations. The next most common DTI ratio? 30-36%, with 29 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications92.52%
Community Mortgage Funding has an average approval rate.
Pick Rate
Approvals leading to origination37.79%
Community Mortgage Funding has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 172 | $44,490,000 | $258,663 |
LTV Distribution
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% |