Community Mortgage Funding Rates, Fees & Info

Sacramento, CA

LEI: 549300SWHFQY2F7RN335

Tax ID: 95-4769926

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Jump to:

  • 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 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 an average proportion of FHA loans. Their top markets by origination volume include: Riverside, Los Angeles, El Centro, Phoenix, and San Diego among others. We have data for 42 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Community Mortgage Funding has an 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.

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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 5.78% 4/21/24
    30 Year Conventional Refi 6.32% 4/21/24
    30 Year Cash-out Refi 6.60% 4/21/24
    30 Year FHA Purchase 7.02% 4/21/24
    30 Year VA Purchase 6.27% 4/21/24
    15 Year Conventional Purchase 5.17% 4/21/24
    15 Year Conventional Refi 6.10% 4/21/24
    15 Year Cash-out Refi 6.10% 4/21/24
    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 Funding Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Community Mortgage Funding. 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

    256

    Origination Dollar Volume (All Markets)

    $66,070,000

    Awards

    COMMUNITY MORTGAGE FUNDING 30 Year Conventional Loans silver COMMUNITY MORTGAGE FUNDING 30 Year Conventional Loans gold COMMUNITY MORTGAGE FUNDING VA Loans bronze
    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
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 62 $17,890,000 $288,548 $5,868 4.72%
    Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 52 $17,130,000 $329,423 $5,037 4.67%
    EL CENTRO, CA (FHA|USDA|VA) 57 $8,825,000 $154,825 $4,489 4.57%
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 11 $3,055,000 $277,727 $4,481 4.78%
    SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 6 $2,130,000 $355,000 $5,622 4.69%
    LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 6 $1,420,000 $236,667 $4,201 5.65%
    San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 2 $1,240,000 $620,000 $6,263 4.75%
    GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) 8 $1,210,000 $151,250 $3,598 4.66%
    OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 3 $1,085,000 $361,667 $7,873 4.83%
    STOCKTON, CA (FHA|USDA|VA) 1 $805,000 $805,000 $5,963 4.75%
    MERCED, CA (FHA|USDA|VA) 4 $780,000 $195,000 $5,411 4.88%
    SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 2 $660,000 $330,000 $10,762 5.13%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 2 $560,000 $280,000 $5,687 4.88%
    FRESNO, CA (FHA|USDA|VA) 4 $560,000 $140,000 $3,083 4.46%
    LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) 2 $560,000 $280,000 $7,013 4.44%
    AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 2 $550,000 $275,000 $4,672 4.94%
    SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 1 $515,000 $515,000 $4,739 5.00%
    TUCSON, AZ (FHA|USDA|VA) 1 $455,000 $455,000 $4,861 4.75%
    Red Bluff, CA (FHA|USDA|VA) 1 $455,000 $455,000 $5,439 4.50%
    PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 1 $415,000 $415,000 $11,789 4.63%
    YUMA, AZ (FHA|USDA|VA) 2 $410,000 $205,000 $4,148 4.88%
    MODESTO, CA (FHA|USDA|VA) 2 $410,000 $205,000 $3,798 5.19%
    KENNEWICK-RICHLAND, WA (FHA|USDA|VA) 1 $395,000 $395,000 $5,534 4.75%
    SALINAS, CA (FHA|USDA|VA) 1 $385,000 $385,000 $0 5.50%
    BEND, OR (FHA|USDA|VA) 1 $375,000 $375,000 $4,871 4.75%
    SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 1 $365,000 $365,000 $0 5.25%
    ODESSA, TX (FHA|USDA|VA) 3 $315,000 $105,000 $4,458 4.75%
    COLUMBUS, OH (FHA|USDA|VA) 2 $300,000 $150,000 $3,435 4.56%
    PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 1 $295,000 $295,000 $3,886 4.13%
    Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 1 $295,000 $295,000 $4,287 5.13%
    HANFORD-CORCORAN, CA (FHA|USDA|VA) 1 $265,000 $265,000 $3,244 4.50%
    Granbury, TX (FHA|USDA|VA) 1 $235,000 $235,000 $4,217 4.75%
    Del Rio, TX (FHA|USDA|VA) 1 $225,000 $225,000 $4,530 4.38%
    CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 1 $225,000 $225,000 $4,256 4.50%
    KANSAS CITY, MO-KS (FHA|USDA|VA) 1 $205,000 $205,000 $3,491 4.50%
    Holland, MI (FHA|USDA|VA) 1 $205,000 $205,000 $8,379 4.50%
    DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 1 $185,000 $185,000 $0 5.25%
    EL PASO, TX (FHA|USDA|VA) 1 $155,000 $155,000 $2,705 4.75%
    MADERA, CA (FHA|USDA|VA) 2 $150,000 $75,000 $2,749 4.56%
    BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) 1 $145,000 $145,000 $3,765 4.88%
    SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 1 $135,000 $135,000 $3,863 4.75%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 1 $95,000 $95,000 $2,580 4.88%
    Community Mortgage Funding's top markets include Riverside, Los Angeles, El Centro, Phoenix, and San Diego among others.

    Their top states include:
  • California (FHA|USDA|VA)
  • Arizona (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)
  • Nevada (FHA|USDA|VA)
  • Michigan (FHA|USDA|VA)

    • 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.

    FRONTWAVE
    Similarity Rank: 92
    LBS FINANCIAL
    Similarity Rank: 210
    LA Financial Federal Credit Union
    Similarity Rank: 321
    Nevada Mortgage Inc.
    Similarity Rank: 363
    Water and Power Community Credit Union
    Similarity Rank: 500
    Christian Community Credit Union
    Similarity Rank: 515
    ALTA VISTA CREDIT UNION
    Similarity Rank: 612
    PASADENA SERVICE FEDERAL CREDIT UNION
    Similarity Rank: 612
    ONE NEVADA CREDIT UNION
    Similarity Rank: 700
    FOOTHILL FEDERAL CREDIT UNION
    Similarity Rank: 732

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 221 $55,745,000 $252,240 $4,332 4.75%
    FHA 23 $6,345,000 $275,870 $9,514 4.50%
    VA 12 $3,980,000 $331,667 $8,597 4.30%

    For 2018, Community Mortgage Funding's most frequently originated type of loan was Conventional, with 221 originations. Their 2nd most popular type was FHA, with 23 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 138 $39,020,000 $282,754 $6,145 4.71%
    Cash Out Refi 89 $21,535,000 $241,966 $3,830 4.80%
    Refi 23 $4,955,000 $215,435 $3,433 4.50%
    Other 6 $560,000 $93,333 $3,141 4.25%

    For 2018, Community Mortgage Funding's most frequently cited loan purpose was Home Purchase, with 138 originations. The 2nd most popular reason was Cash Out Refi, with 89 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 213 $58,715,000 $275,657 $5,342 4.80%
    15 Year 21 $3,715,000 $176,905 $3,992 4.14%
    20 Year 13 $2,475,000 $190,385 $3,736 4.57%
    10 Year 8 $1,160,000 $145,000 $3,299 4.13%
    Other 1 $5,000 $5,000 $0 0.00%

    For 2018, Community Mortgage Funding's most frequently cited loan duration was 30 Year, with 213 originations. The 2nd most popular length was 15 Year, with 21 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 153 $38,425,000 $251,144
    $2k-3k 41 $12,325,000 $300,610
    $<1k 23 $4,845,000 $210,652
    $3k-4k 9 $2,755,000 $306,111
    $5k+ 6 $1,900,000 $316,667
    $4k-5k 4 $1,410,000 $352,500

    Community Mortgage Funding's average total fees were $5,342, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 153 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 179 $47,675,000 $266,341
    5-6% 50 $13,110,000 $262,200
    3-4% 21 $4,525,000 $215,476
    6-7% 3 $735,000 $245,000
    <2.5% 2 $20,000 $10,000

    During 2018, Community Mortgage Funding's average interest rate for loans was 4.80%, while their most frequently originated rate bucket for loans was 4-5%, with 179 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 124 $35,040,000 $282,581 $5,627 4.77%
    $100k-200k 70 $10,670,000 $152,429 $3,978 4.69%
    $400k-600k 31 $14,425,000 $465,323 $6,337 4.81%
    $100,000 or less 25 $1,765,000 $70,600 $2,941 4.37%
    $600k-1MM 6 $4,170,000 $695,000 $6,593 4.67%

    2018 saw Community Mortgage Funding place emphasis on $200k-400k loans with 124 originations, totaling $35,040,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 73 $14,265,000 $195,411 $4,903 4.66%
    $100k-150k 69 $20,915,000 $303,116 $5,526 4.70%
    $75k-100k 43 $10,345,000 $240,581 $5,349 4.81%
    $150k-250k 37 $13,635,000 $368,514 $4,758 4.67%
    $50k or less 25 $3,515,000 $140,600 $4,016 4.65%
    $250k+ 8 $3,010,000 $376,250 $5,151 4.97%

    Community Mortgage Funding lent most frequently to those with incomes in the $50k-75k range, with 73 originations. The second most popular income band? $100k-150k, with 69 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 44 $10,910,000 $247,955 $4,587 4.68%
    30-36% 37 $11,195,000 $302,568 $5,131 4.75%
    <20% 23 $2,885,000 $125,435 $2,881 4.36%
    44% 15 $4,815,000 $321,000 $5,631 5.05%
    49% 15 $4,305,000 $287,000 $4,873 4.89%
    40% 14 $4,550,000 $325,000 $5,523 4.53%
    48% 12 $3,010,000 $250,833 $4,667 4.86%
    39% 11 $3,005,000 $273,182 $5,883 4.67%
    50-60% 11 $3,075,000 $279,545 $9,910 4.59%
    43% 11 $3,065,000 $278,636 $4,779 4.88%
    45% 10 $2,300,000 $230,000 $4,086 4.85%
    47% 10 $2,500,000 $250,000 $4,113 4.95%
    38% 10 $2,270,000 $227,000 $4,491 4.59%
    42% 7 $1,755,000 $250,714 $4,814 4.71%
    41% 7 $2,105,000 $300,714 $4,353 4.66%
    46% 7 $1,945,000 $277,857 $6,789 4.73%
    37% 6 $1,130,000 $188,333 $7,389 4.52%
    36% 5 $865,000 $173,000 $5,589 4.30%
    >60% 1 $385,000 $385,000 $8,279 5.63%

    Community Mortgage Funding lent most frequently to those with DTI ratios of 20-30%, with 44 originations. The next most common DTI ratio? 30-36%, with 37 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not provided 114 $33,200,000 $291,228 $5,146 4.81%
    White 132 $29,180,000 $221,061 $4,840 4.64%
    Black 6 $2,630,000 $438,333 $7,125 4.50%
    Asian 2 $690,000 $345,000 $8,030 4.50%
    American Indian 1 $265,000 $265,000 $7,877 3.88%
    Native Hawaiian or Islander 1 $105,000 $105,000 $3,064 4.38%

    Approval Rates

    Total approvals of all applications
    85.63%

    Community Mortgage Funding has an average approval rate.

    Pick Rate

    Approvals leading to origination
    62.50%

    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 256 $66,070,000 $258,086

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 3 $495,000 $165,000
    Single Family (1-4 Units):Site-Built 253 $65,575,000 $259,190

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 18 $2,340,000 $130,000 $3,260 4.29%
    40-60% 34 $7,460,000 $219,412 $3,590 4.57%
    60-80% 89 $23,675,000 $266,011 $4,256 4.88%
    80-100% 107 $31,255,000 $292,103 $6,302 4.75%
    Over 100% 3 $1,075,000 $358,333 $13,087 4.33%
    Under 20% 5 $265,000 $53,000 $1,921 3.34%

    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%