Community South Credit Union Mortgage Rates, Fees & Info
Chipley, FLLEI: 9845003EDC545AF61498
Tax ID: 59-0968187
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Mortgage Data
Review & Overview
Community South Credit Union is a smaller credit union specializing in Refi and Cash Out Refi loans. Community South Credit Union 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.) They have a low ratio of USDA loans. Their top markets by origination volume include: Tallahassee, Panama City, Crestview, and Eufaula among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)Community South Credit Union 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.
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Originations
66Origination Dollar Volume (All Markets)
$10,900,000Top 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 |
|---|---|---|---|---|---|
| Outside of Metro Areas | 59 | $9,425,000 | $159,746 | $0 | 0.00% |
| TALLAHASSEE, FL (FHA|USDA|VA) | 3 | $675,000 | $225,000 | $0 | 0.00% |
| PANAMA CITY, FL (FHA|USDA|VA) | 2 | $490,000 | $245,000 | $0 | 0.00% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $0 | 0.00% |
| Eufaula, AL-GA (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 0.00% |
Product Mix
For 2020, Community South Credit Union's most frequently originated type of loan was Conventional, with 60 originations. Their 2nd most popular type was HELOC, with 3 originations.
Loan Reason
For 2020, Community South Credit Union's most frequently cited loan purpose was Refi, with 33 originations. The 2nd most popular reason was Cash Out Refi, with 19 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 66 | $10,900,000 | $165,152 | $0 | 0.00% |
For 2020, Community South Credit Union's most frequently cited loan duration was Other, with 66 originations.
Loan Sizing
2020 saw Community South Credit Union place emphasis on $200k-400k loans with 27 originations, totaling $6,775,000 in origination value.
Applicant Income
Community South Credit Union lent most frequently to those with incomes in the $75k-100k range, with 20 originations. The second most popular income band? $100k-150k, with 17 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 66 | $10,900,000 | $165,152 | $0 | 0.00% |
Community South Credit Union lent most frequently to those with DTI ratios of Exempt%, with 66 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 64 | $10,670,000 | $166,719 | $0 | 0.00% |
| Black | 2 | $230,000 | $115,000 | $0 | 0.00% |
Approval Rates
Total approvals of all applications97.59%
Community South 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 origination77.27%
Community South Credit Union has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 66 | $10,900,000 | $165,152 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Site-Built | 66 | $10,900,000 | $165,152 |
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% |