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 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
135Origination Dollar Volume (All Markets)
$22,505,000Top 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 | 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% |
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
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
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
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
Approval Rates
Total approvals of all applications96.47%
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 origination78.52%
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 |
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% |