CommunityAmerica Credit Union Mortgage Interest Rate and Cost Review

Is CommunityAmerica Credit Union a cheap or expensive mortgage lender? To help you shop for a mortgage, we compare the interest rates and closing costs charged by CommunityAmerica Credit Union to those of other lenders for a comparable set of borrowers. We maintain our independence by not accepting any money from the mortgage lenders we review. Going by historical data, here is our review of CommunityAmerica Credit Union nationally:

Review ItemCommunityAmerica Credit Union
Interest Ratesimilar to other lenders (-0.08%)
Loan Related Closing Costslower than other lenders (-$402)
National Rate and Closing Cost Star Rating(4)

On average, CommunityAmerica Credit Union’s interest rates were similar to those of other lenders (-0.08%) for a comparable set of borrowers. On the other hand, its loan related closing costs were lower than those of other lenders, with a difference of -$402. Overall, combining interest rates and closing costs we estimate that CommunityAmerica Credit Union tends to be a cheap lender, and give it a National Rate and Closing Costs Rating of 4 out of 5 stars. To visit CommunityAmerica Credit Union, its website is located at: https://www.communityamerica.com.

CommunityAmerica Credit Union’s Rate Review by City

Mortgage lenders often set different rates in different geographical markets. In particular, among the cities we track CommunityAmerica Credit Union was most active in:

  1. Kansas City, MO
  2. Leavenworth, KS
  3. Topeka, KS
  4. St. Louis, MO
  5. Village of Four Seasons, MO

In addition, CommunityAmerica Credit Union is our top ranked/best mortgage lender in terms of interest rate and closing costs in:

You can click through to check out CommunityAmerica Credit Union’s mortgage rate relative to those of other lenders within each city. Or, for our entire list of the top mortgage lenders by city, click here.

CommunityAmerica Credit Union’s Rate Review by Mortgage Type

Mortgage lenders also tend to charge different interest rates and closing costs depending on the type of mortgage. In our data, CommunityAmerica Credit Union originated Conforming, FHA, Jumbo, USDA and VA mortgages for new home purchases. It also originated Conforming, FHA, Jumbo and VA mortgages for refinances. Its average interest rate and total loan related closing cost difference relative to other lenders for comparable borrowers by mortgages type is as follows.

Purchase/Refinance:
New Purchase MortgagesConformingFHAJumboUSDAVA
Interest Rate Difference-0.07%-0.11%+0.02%-0.01%+0.02%
Loan Related Closing Cost Difference-$291-$296-$431-$22+$42
Cost Adjusted Rate Difference-0.09%-0.14%+0.01%-0.01%+0.02%
National Star Rating(4)(4)(3.5)(3.5)(3.5)
Refinance MortgagesConformingFHAJumboVA
Interest Rate Difference-0.11%-0.00%+0.02%-0.07%
Loan Related Closing Cost Difference-$580-$339-$203-$358
Cost Adjusted Rate Difference-0.17%-0.03%+0.01%-0.10%
Average Star Rating(4.5)(3.5)(3.5)(4)

As a summary, CommunityAmerica Credit Union is cheap for Conforming and FHA purchase mortgages. It is similar to other lenders for Jumbo, USDA and VA purchase mortgages. For refinancing mortgages, CommunityAmerica Credit Union is cheap for Conforming and VA mortgage refinance. It is similar to other lenders for FHA and Jumbo mortgage refinance. Nevertheless, individual circumstances can matter a lot for mortgage rates, and we always recommend shopping among several of our top mortgage lenders in your area before signing.

Other information about CommunityAmerica Credit Union:

Registered name: CommunityAmerica Credit Union
Registered city and state: LENEXA, KS, 66219
Regulator: National Credit Union Administration (NCUA)

* Source of the data is Federal Financial Institutions Examination Council (FFIEC) and is for mortgages originated in the past year. Our comparable mortgages analysis controls for CommunityAmerica Credit Union’s distribution of loan term (e.g. 30 year vs 15 year), loan-to-value (LTV), debt-to-income (DTI), loan amount, loan program (e.g. Conforming/FHA), loan purpose (e.g. purchase/refinance), and commuting zone. Cost adjusted rates were computed based on each percent of the loan amount in above average loan related closing costs being worth +0.15 of a percentage point in interest rate. Furthermore, the amounts are regularized using a Bayesian approach to control for small samples.