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 an average proportion of FHA loans. Their top markets by origination volume include: Los Angeles, Riverside, El Centro, Las Vegas, and Phoenix among others. We have data for 57 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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
403Origination Dollar Volume (All Markets)
$97,015,000Awards
COMMUNITY MORTGAGE FUNDING - 2019
COMMUNITY MORTGAGE FUNDING is a 2019 , due to their low .
For 2019, 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 |
|---|---|---|---|---|---|
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 89 | $30,015,000 | $337,247 | $5,614 | 4.00% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 92 | $23,730,000 | $257,935 | $5,399 | 3.76% |
| EL CENTRO, CA (FHA|USDA|VA) | 90 | $12,040,000 | $133,778 | $3,929 | 3.45% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 24 | $5,590,000 | $232,917 | $4,083 | 3.98% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 17 | $4,155,000 | $244,412 | $4,759 | 4.38% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 6 | $1,760,000 | $293,333 | $4,976 | 4.10% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 4 | $1,270,000 | $317,500 | $4,677 | 4.19% |
| FRESNO, CA (FHA|USDA|VA) | 4 | $1,050,000 | $262,500 | $3,039 | 3.50% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 3 | $1,045,000 | $348,333 | $2,893 | 3.92% |
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 5 | $1,005,000 | $201,000 | $3,503 | 4.68% |
| MERCED, CA (FHA|USDA|VA) | 5 | $955,000 | $191,000 | $7,118 | 4.60% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 2 | $880,000 | $440,000 | $10,992 | 4.00% |
| SALINAS, CA (FHA|USDA|VA) | 1 | $825,000 | $825,000 | $6,181 | 4.75% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 2 | $760,000 | $380,000 | $3,467 | 3.94% |
| PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) | 3 | $655,000 | $218,333 | $3,793 | 3.83% |
| Outside of Metro Areas | 4 | $650,000 | $162,500 | $4,579 | 4.34% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 3 | $615,000 | $205,000 | $4,279 | 4.33% |
| GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) | 4 | $610,000 | $152,500 | $2,878 | 3.75% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 1 | $525,000 | $525,000 | $4,814 | 3.99% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 2 | $460,000 | $230,000 | $5,372 | 4.63% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $0 | 4.88% |
| ODESSA, TX (FHA|USDA|VA) | 4 | $450,000 | $112,500 | $4,123 | 4.53% |
| FORT COLLINS, CO (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $3,215 | 4.63% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $5,607 | 4.75% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 1 | $435,000 | $435,000 | $3,615 | 4.00% |
| CORPUS CHRISTI, TX (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $5,949 | 4.88% |
| RENO, NV (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $5,109 | 4.63% |
| Elko, NV (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $3,759 | 4.00% |
| LANSING-EAST LANSING, MI (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $3,330 | 4.38% |
| LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $3,371 | 3.63% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $0 | 5.25% |
| TUCSON, AZ (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $3,261 | 3.88% |
| VISALIA, CA (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $5,855 | 3.75% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $3,442 | 5.13% |
| MIDLAND, TX (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $4,279 | 5.88% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $3,330 | 4.50% |
| Andrews, TX (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $4,031 | 4.38% |
| Eureka-Arcata, CA (FHA|USDA|VA) | 3 | $185,000 | $61,667 | $1,935 | 2.88% |
| KENNEWICK-RICHLAND, WA (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $2,204 | 3.25% |
| KILLEEN-TEMPLE, TX (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $3,703 | 3.88% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $3,737 | 3.88% |
| HANFORD-CORCORAN, CA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $3,273 | 3.88% |
| El Campo, TX (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $3,542 | 3.63% |
| Stillwater, OK (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $3,455 | 3.63% |
| MOUNT VERNON-ANACORTES, WA (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $2,424 | 3.63% |
| MUSKEGON, MI (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $3,121 | 4.63% |
| Nogales, AZ (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $4,581 | 3.88% |
| COLUMBUS, OH (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $3,435 | 3.00% |
| BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $3,685 | 4.50% |
| Stephenville, TX (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $3,232 | 3.25% |
| TULSA, OK (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 4.00% |
| Woodward, OK (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $3,510 | 4.38% |
| SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $4,975 | 4.88% |
| Ottawa, KS (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $2,895 | 4.75% |
| ANN ARBOR, MI (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $3,437 | 4.25% |
| CANTON-MASSILLON, OH (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 3.63% |
| EL PASO, TX (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 5.50% |
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
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 360 | $84,180,000 | $233,833 | $3,927 | 3.85% |
| FHA | 38 | $11,280,000 | $296,842 | $11,750 | 4.06% |
| VA | 5 | $1,555,000 | $311,000 | $5,915 | 4.38% |
For 2019, Community Mortgage Funding's most frequently originated type of loan was Conventional, with 360 originations. Their 2nd most popular type was FHA, with 38 originations.
Loan Reason
For 2019, Community Mortgage Funding's most frequently cited loan purpose was Home Purchase, with 203 originations. The 2nd most popular reason was Cash Out Refi, with 127 originations.
Loan Duration/Length
For 2019, Community Mortgage Funding's most frequently cited loan duration was 30 Year, with 324 originations. The 2nd most popular length was 15 Year, with 52 originations.
Origination Fees/Closing Costs
Community Mortgage Funding's average total fees were $4,988, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 241 originations.
Interest Rates
During 2019, Community Mortgage Funding's average interest rate for loans was 3.94%, while their most frequently originated rate bucket for loans was 3-4%, with 201 originations.
Loan Sizing
2019 saw Community Mortgage Funding place emphasis on $200k-400k loans with 173 originations, totaling $50,825,000 in origination value.
Applicant Income
Community Mortgage Funding lent most frequently to those with incomes in the $100k-150k range, with 121 originations. The second most popular income band? $75k-100k, with 92 originations.
Applicant Debt to Income Ratio
Community Mortgage Funding lent most frequently to those with DTI ratios of 20-30%, with 61 originations. The next most common DTI ratio? 30-36%, with 54 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications88.30%
Community Mortgage Funding has an average approval rate.
Pick Rate
Approvals leading to origination63.03%
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 | 403 | $97,015,000 | $240,732 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 3 | $185,000 | $61,667 |
| Single Family (1-4 Units):Site-Built | 400 | $96,830,000 | $242,075 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2019 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| Community Loan Fund of New Jersey, Inc | Conventional home mortgage | Trouble during payment process | 1 | 100.0% |