Community Mortgage Funding Rates, Fees & Info
Sacramento, CALEI: 549300SWHFQY2F7RN335
Tax ID: 95-4769926
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage Data
Review & Overview
Community Mortgage Funding is a smaller mortgage company specializing in Refi 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, Las Vegas, El Centro, and Oxnard among others. We have data for 54 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 a low 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% | 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
436Origination Dollar Volume (All Markets)
$122,470,000Awards
COMMUNITY MORTGAGE FUNDING - 2020
COMMUNITY MORTGAGE FUNDING is a 2020 , due to their low .
For 2020, less than of lenders were eligible for this award.
Work for COMMUNITY MORTGAGE FUNDING?
Use this award on your own site. Either save and use the images below, or pass the provided image embed code to your development team.
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) | 115 | $39,195,000 | $340,826 | $3,973 | 2.94% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 112 | $32,700,000 | $291,964 | $3,812 | 3.01% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 30 | $8,140,000 | $271,333 | $3,570 | 2.90% |
| EL CENTRO, CA (FHA|USDA|VA) | 39 | $6,875,000 | $176,282 | $3,252 | 2.82% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 7 | $3,575,000 | $510,714 | $4,363 | 3.25% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 13 | $2,615,000 | $201,154 | $2,903 | 3.04% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 7 | $2,305,000 | $329,286 | $2,866 | 2.89% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 5 | $2,245,000 | $449,000 | $4,340 | 3.34% |
| GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) | 10 | $1,700,000 | $170,000 | $3,156 | 3.09% |
| MERCED, CA (FHA|USDA|VA) | 7 | $1,555,000 | $222,143 | $3,397 | 3.23% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 5 | $1,505,000 | $301,000 | $2,611 | 2.90% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 6 | $1,440,000 | $240,000 | $2,604 | 3.15% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 5 | $1,125,000 | $225,000 | $3,959 | 3.10% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 3 | $985,000 | $328,333 | $3,798 | 3.04% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 4 | $920,000 | $230,000 | $3,807 | 3.00% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 2 | $850,000 | $425,000 | $2,967 | 2.94% |
| Gardnerville Ranchos, NV (FHA|USDA|VA) | 2 | $800,000 | $400,000 | $2,807 | 2.88% |
| SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) | 2 | $790,000 | $395,000 | $3,410 | 3.13% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 3 | $745,000 | $248,333 | $3,457 | 2.42% |
| TULSA, OK (FHA|USDA|VA) | 3 | $745,000 | $248,333 | $3,796 | 2.96% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 2 | $690,000 | $345,000 | $3,435 | 3.19% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 2 | $620,000 | $310,000 | $3,367 | 3.00% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 4 | $610,000 | $152,500 | $4,024 | 3.09% |
| Durango, CO (FHA|USDA|VA) | 2 | $590,000 | $295,000 | $4,263 | 3.06% |
| SALINAS, CA (FHA|USDA|VA) | 2 | $530,000 | $265,000 | $3,235 | 2.75% |
| ODESSA, TX (FHA|USDA|VA) | 3 | $525,000 | $175,000 | $3,450 | 2.63% |
| Outside of Metro Areas | 3 | $515,000 | $171,667 | $3,467 | 3.50% |
| LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) | 2 | $490,000 | $245,000 | $4,116 | 3.06% |
| MODESTO, CA (FHA|USDA|VA) | 2 | $460,000 | $230,000 | $2,934 | 3.19% |
| Fernley, NV (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $3,914 | 3.25% |
| WACO, TX (FHA|USDA|VA) | 1 | $435,000 | $435,000 | $5,059 | 4.25% |
| TOPEKA, KS (FHA|USDA|VA) | 2 | $420,000 | $210,000 | $2,957 | 2.31% |
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 3 | $415,000 | $138,333 | $3,148 | 3.21% |
| SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $3,151 | 2.88% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 2 | $370,000 | $185,000 | $2,789 | 2.56% |
| El Campo, TX (FHA|USDA|VA) | 2 | $360,000 | $180,000 | $4,504 | 2.69% |
| VISALIA, CA (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $4,911 | 5.13% |
| BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $3,983 | 2.88% |
| FRESNO, CA (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $7,198 | 3.25% |
| VALLEJO, CA (FHA|USDA|VA) | 2 | $290,000 | $145,000 | $3,291 | 2.37% |
| ANN ARBOR, MI (FHA|USDA|VA) | 2 | $250,000 | $125,000 | $2,376 | 2.81% |
| Eureka-Arcata, CA (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $3,184 | 3.00% |
| COLUMBUS, OH (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $2,897 | 3.50% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 2 | $230,000 | $115,000 | $2,588 | 2.63% |
| TOLEDO, OH (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $3,159 | 2.50% |
| REDDING, CA (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $3,089 | 3.88% |
| YUMA, AZ (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $4,152 | 3.25% |
| MADERA, CA (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $4,768 | 4.00% |
| Holland, MI (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $2,363 | 3.00% |
| SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 2 | $190,000 | $95,000 | $3,198 | 2.75% |
| Klamath Falls, OR (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $4,342 | 2.88% |
| Wapakoneta, OH (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $6,525 | 3.63% |
| Traverse City, MI (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $2,689 | 2.88% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $2,885 | 2.63% |
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.
Similarity Rank: 345
Similarity Rank: 628
Similarity Rank: 716
Similarity Rank: 825
Similarity Rank: 1034
Similarity Rank: 1053
Similarity Rank: 1056
Similarity Rank: 1056
Similarity Rank: 1218
Similarity Rank: 1290
Product Mix
For 2020, Community Mortgage Funding's most frequently originated type of loan was Conventional, with 431 originations. Their 2nd most popular type was FHA, with 3 originations.
Loan Reason
For 2020, Community Mortgage Funding's most frequently cited loan purpose was Refi, with 204 originations. The 2nd most popular reason was Cash Out Refi, with 173 originations.
Loan Duration/Length
For 2020, Community Mortgage Funding's most frequently cited loan duration was 30 Year, with 267 originations. The 2nd most popular length was 15 Year, with 107 originations.
Origination Fees/Closing Costs
Community Mortgage Funding's average total fees were $3,855, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 359 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 2.5-3% | 198 | $51,340,000 | $259,293 |
| 3-4% | 157 | $51,285,000 | $326,656 |
| <2.5% | 72 | $16,510,000 | $229,306 |
| 4-5% | 7 | $1,835,000 | $262,143 |
| 5-6% | 2 | $1,500,000 | $750,000 |
During 2020, Community Mortgage Funding's average interest rate for loans was 3.15%, while their most frequently originated rate bucket for loans was 2.5-3%, with 198 originations.
Loan Sizing
2020 saw Community Mortgage Funding place emphasis on $200k-400k loans with 214 originations, totaling $63,740,000 in origination value.
Applicant Income
Community Mortgage Funding lent most frequently to those with incomes in the $100k-150k range, with 119 originations. The second most popular income band? $75k-100k, with 95 originations.
Applicant Debt to Income Ratio
Community Mortgage Funding lent most frequently to those with DTI ratios of 20-30%, with 108 originations. The next most common DTI ratio? 30-36%, with 98 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications87.44%
Community Mortgage Funding has an average approval rate.
Pick Rate
Approvals leading to origination62.16%
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 | 436 | $122,470,000 | $280,894 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 1 | $155,000 | $155,000 |
| Single Family (1-4 Units):Site-Built | 435 | $122,315,000 | $281,184 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2020 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| COMMUNITY BANK SYSTEM, INC. | Conventional home mortgage | Struggling to pay mortgage | 1 | 33.3% |
| COMMUNITY BANK SYSTEM, INC. | Conventional home mortgage | Trouble during payment process | 1 | 33.3% |
| COMMUNITY BANK SYSTEM, INC. | Other type of mortgage | Closing on a mortgage | 1 | 33.3% |