Community Star Credit Union Mortgage Rates, Fees & Info
Elyria, OHLEI: 549300VZCSVVY5P73G51
Tax ID: 34-0728231
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage Data
Review & Overview
Community Star Credit Union is a smaller credit union specializing in Home Purchase loans. Community Star Credit Union has a high proportion of conventional loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Cleveland, Sandusky, and Ashland among others. We have data for 3 markets. (Some data included below & more in-depth data is available with an active subscription.)Community Star Credit Union has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders. Community Star Credit Union 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 | 6.90% | 11/17/24 |
| 30 Year Conventional Refi | 6.73% | 11/17/24 |
| 30 Year Cash-out Refi | 6.81% | 11/17/24 |
| 30 Year USDA Purchase | 7.84% | 11/17/24 |
| 15 Year Conventional Purchase | 5.89% | 11/17/24 |
| 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 Star Credit Union Mortgage Calculator
Your Estimates
Estimated Loan Payment: Update the calculator values and click calculate payment!
This is not an official calculator from Community Star Credit Union. 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
77Origination Dollar Volume (All Markets)
$7,785,000Awards
Community Star Credit Union - 2019
Community Star Credit Union is a 2019 , due to their low .
For 2019, less than of lenders were eligible for this award.
Work for Community Star Credit Union?
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 |
|---|---|---|---|---|---|
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 74 | $7,380,000 | $99,730 | $2,897 | 4.89% |
| Sandusky, OH (FHA|USDA|VA) | 2 | $290,000 | $145,000 | $3,619 | 4.81% |
| Ashland, OH (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $3,407 | 4.25% |
Similar Lenders
We use machine learning to identify the top lenders compared against Community Star Credit Union based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
Similarity Rank: 33
Similarity Rank: 360
Similarity Rank: 378
Similarity Rank: 424
Similarity Rank: 450
Similarity Rank: 574
Similarity Rank: 1197
Similarity Rank: 1290
Similarity Rank: 1488
Similarity Rank: 1664
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 67 | $6,765,000 | $100,970 | $2,910 | 4.71% |
| HELOC | 9 | $925,000 | $102,778 | n/a | 6.05% |
| USDA | 1 | $95,000 | $95,000 | $4,104 | 5.00% |
For 2019, Community Star Credit Union's most frequently originated type of loan was Conventional, with 67 originations. Their 2nd most popular type was HELOC, with 9 originations.
Loan Reason
For 2019, Community Star Credit Union's most frequently cited loan purpose was Home Purchase, with 47 originations. The 2nd most popular reason was Other, with 15 originations.
Loan Duration/Length
For 2019, Community Star Credit Union's most frequently cited loan duration was 30 Year, with 55 originations. The 2nd most popular length was 15 Year, with 17 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 52 | $5,640,000 | $108,462 |
| $2k-3k | 4 | $530,000 | $132,500 |
| $1k-2k | 3 | $145,000 | $48,333 |
Community Star Credit Union's average total fees were $3,140, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 52 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 4-5% | 46 | $4,780,000 | $103,913 |
| 5-6% | 23 | $2,155,000 | $93,696 |
| 3-4% | 6 | $710,000 | $118,333 |
| 7-8% | 1 | $85,000 | $85,000 |
| Over 8% | 1 | $55,000 | $55,000 |
During 2019, Community Star Credit Union's average interest rate for loans was 4.69%, while their most frequently originated rate bucket for loans was 4-5%, with 46 originations.
Loan Sizing
2019 saw Community Star Credit Union place emphasis on $100,000 or less loans with 41 originations, totaling $2,665,000 in origination value.
Applicant Income
Community Star Credit Union lent most frequently to those with incomes in the $50k-75k range, with 22 originations. The second most popular income band? $50k or less, with 21 originations.
Applicant Debt to Income Ratio
Community Star Credit Union lent most frequently to those with DTI ratios of 20-30%, with 21 originations. The next most common DTI ratio? 30-36%, with 15 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 69 | $7,135,000 | $103,406 | $2,976 | 4.74% |
| Not provided | 8 | $650,000 | $81,250 | $257 | 6.06% |
Approval Rates
Total approvals of all applications96.39%
Community Star Credit Union has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination96.10%
Community Star Credit Union has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 77 | $7,785,000 | $101,104 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Site-Built | 77 | $7,785,000 | $101,104 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2019 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| COMMUNITY BANK SYSTEM, INC. | Conventional home mortgage | Closing on a mortgage | 1 | 20.0% |
| COMMUNITY BANK SYSTEM, INC. | Conventional home mortgage | Trouble during payment process | 3 | 60.0% |
| COMMUNITY BANK SYSTEM, INC. | Home equity loan or line of credit (HELOC) | Closing on a mortgage | 1 | 20.0% |