Community South Credit Union Mortgage Rates, Fees & Info

Chipley, FL

LEI: 9845003EDC545AF61498

Tax ID: 59-0968187

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

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • 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 South Credit Union is a smaller credit union specializing in Home Purchase, Refi, and Cash Out Refi loans. Community South Credit Union has a high proportion of conventional loans. They have an average proportion of FHA loans. Their top markets by origination volume include: Tallahassee, Crestview, and Panama City among others. We have data for 4 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.

    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.

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    Originations

    81

    Origination Dollar Volume (All Markets)

    $13,425,000

    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
    Outside of Metro Areas 64 $10,530,000 $164,531 $0 0.00%
    TALLAHASSEE, FL (FHA|USDA|VA) 7 $1,625,000 $232,143 $0 0.00%
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 5 $665,000 $133,000 $0 0.00%
    PANAMA CITY, FL (FHA|USDA|VA) 5 $605,000 $121,000 $0 0.00%
    Community South Credit Union's top markets include Tallahassee, Crestview, and Panama City among others.

    Their top states include:
  • Florida (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 66 $10,630,000 $161,061 $0 0.00%
    USDA 9 $1,335,000 $148,333 $0 0.00%
    FHA 5 $1,315,000 $263,000 $0 0.00%
    VA 1 $145,000 $145,000 $0 0.00%

    For 2021, Community South Credit Union's most frequently originated type of loan was Conventional, with 66 originations. Their 2nd most popular type was USDA, with 9 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 35 $3,745,000 $107,000 $0 0.00%
    Refi 28 $6,830,000 $243,929 $0 0.00%
    Cash Out Refi 18 $2,850,000 $158,333 $0 0.00%

    For 2021, Community South Credit Union's most frequently cited loan purpose was Home Purchase, with 35 originations. The 2nd most popular reason was Refi, with 28 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 81 $13,425,000 $165,741 $0 0.00%

    For 2021, Community South Credit Union's most frequently cited loan duration was Other, with 81 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 29 $1,545,000 $53,276 $0 0.00%
    $100k-200k 25 $3,825,000 $153,000 $0 0.00%
    $200k-400k 23 $6,205,000 $269,783 $0 0.00%
    $400k-600k 4 $1,850,000 $462,500 $0 0.00%

    2021 saw Community South Credit Union place emphasis on $100,000 or less loans with 29 originations, totaling $1,545,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 24 $3,120,000 $130,000 $0 0.00%
    $75k-100k 23 $4,345,000 $188,913 $0 0.00%
    $100k-150k 20 $3,100,000 $155,000 $0 0.00%
    $150k-250k 6 $1,680,000 $280,000 $0 0.00%
    $50k or less 6 $970,000 $161,667 $0 0.00%
    $250k+ 2 $210,000 $105,000 $0 0.00%

    Community South Credit Union lent most frequently to those with incomes in the $50k-75k range, with 24 originations. The second most popular income band? $75k-100k, with 23 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 81 $13,425,000 $165,741 $0 0.00%

    Community South Credit Union lent most frequently to those with DTI ratios of Exempt%, with 81 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 77 $12,875,000 $167,208 $0 0.00%
    Black 3 $525,000 $175,000 $0 0.00%
    American Indian 1 $25,000 $25,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    100.00%

    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 origination

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 81 $13,425,000 $165,741

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    81 $13,425,000 $165,741

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    COMMUNITY MORTGAGE CORPORATION FHA mortgage Applying for a mortgage or refinancing an existing mortgage 1 100.0%