Community South Credit Union Mortgage Rates, Fees & Info

Chipley, FL

LEI: 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 Home Purchase 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, Bainbridge, and Pensacola among others. We have data for 7 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

135

Origination Dollar Volume (All Markets)

$22,505,000

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 106 $17,170,000 $161,981 $0 0.00%
TALLAHASSEE, FL (FHA|USDA|VA) 8 $1,700,000 $212,500 $0 0.00%
PANAMA CITY, FL (FHA|USDA|VA) 8 $1,680,000 $210,000 $0 0.00%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 9 $1,185,000 $131,667 $0 0.00%
Bainbridge, GA (FHA|USDA|VA) 1 $605,000 $605,000 $0 0.00%
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 2 $150,000 $75,000 $0 0.00%
DOTHAN, AL (FHA|USDA|VA) 1 $15,000 $15,000 $0 0.00%
Community South Credit Union's top markets include Tallahassee, Panama City, Crestview, Bainbridge, and Pensacola among others.

Their top states include:
  • Florida (FHA|USDA|VA)
  • Georgia (FHA|USDA|VA)
  • Alabama (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 131 $21,585,000 $164,771 $0 0.00%
    FHA 3 $785,000 $261,667 $0 0.00%
    USDA 1 $135,000 $135,000 $0 0.00%

    For 2022, Community South Credit Union's most frequently originated type of loan was Conventional, with 131 originations. Their 2nd most popular type was FHA, with 3 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 54 $13,570,000 $251,296 $0 0.00%
    Home Purchase 44 $4,590,000 $104,318 $0 0.00%
    Cash Out Refi 32 $3,840,000 $120,000 $0 0.00%
    Other 5 $505,000 $101,000 $0 0.00%

    For 2022, Community South Credit Union's most frequently cited loan purpose was Refi, with 54 originations. The 2nd most popular reason was Home Purchase, with 44 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 135 $22,505,000 $166,704 $0 0.00%

    For 2022, Community South Credit Union's most frequently cited loan duration was Other, with 135 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 59 $3,015,000 $51,102 $0 0.00%
    $200k-400k 43 $12,505,000 $290,814 $0 0.00%
    $100k-200k 27 $3,995,000 $147,963 $0 0.00%
    $400k-600k 5 $2,385,000 $477,000 $0 0.00%
    $600k-1MM 1 $605,000 $605,000 $0 0.00%

    2022 saw Community South Credit Union place emphasis on $100,000 or less loans with 59 originations, totaling $3,015,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $75k-100k 40 $6,390,000 $159,750 $0 0.00%
    $100k-150k 28 $5,660,000 $202,143 $0 0.00%
    $50k-75k 24 $2,860,000 $119,167 $0 0.00%
    $50k or less 20 $1,060,000 $53,000 $0 0.00%
    $150k-250k 17 $5,485,000 $322,647 $0 0.00%
    $250k+ 3 $855,000 $285,000 $0 0.00%

    Community South Credit Union lent most frequently to those with incomes in the $75k-100k range, with 40 originations. The second most popular income band? $100k-150k, with 28 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 135 $22,505,000 $166,704 $0 0.00%

    Community South Credit Union lent most frequently to those with DTI ratios of Exempt%, with 135 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 132 $22,060,000 $167,121 $0 0.00%
    Black 2 $390,000 $195,000 $0 0.00%
    American Indian 1 $55,000 $55,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    96.47%

    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
    78.52%

    Community South Credit Union has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 135 $22,505,000 $166,704

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    135 $22,505,000 $166,704

    Complaints

    Bank Name Product Issue 2022 CPFB Complaints % of Total Issues
    Community Loan Servicing, LLC (formerly known as Bayview Loan Servicing, LLC) FHA mortgage Struggling to pay mortgage 2 66.7%
    Community Loan Servicing, LLC (formerly known as Bayview Loan Servicing, LLC) Other type of mortgage Trouble during payment process 1 33.3%