Community First Credit Union Mortgage Rates, Fees & Info

Neenah, WI

LEI: 254900Q5026VQBAVI394

Tax ID: 39-6264347

5 stars - Updated: 11/17/24 - out of 5 stars, based on 50 reviews

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

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Relative Rates
  • Relative Fees
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • 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 First Credit Union is a smaller credit union specializing in Home Purchase and Home Improvement loans. Community First Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Appleton, Green Bay, Oshkosh, Milwaukee, and Manitowoc among others. We have data for 23 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Community First 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. Community First Credit Union is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have relatively high rates.

    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.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.13% 11/17/24
    30 Year Conventional Refi 6.32% 11/17/24
    30 Year Cash-out Refi 6.40% 11/17/24
    15 Year Conventional Purchase 6.02% 11/17/24
    15 Year Conventional Refi 5.97% 11/17/24
    15 Year Cash-out Refi 5.97% 11/17/24
    These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

    Community First Credit Union Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Community First Credit Union. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

    The default purchase price is the median sales price across the US for 2022Q4, per FRED.


    Originations

    2,465

    Origination Dollar Volume (All Markets)

    $535,845,000
    Show all (9) awards

    Relative Rate

    Community First Credit Union's average 30 year fixed mortgage rate was 6.27%.

    The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

    This yields a difference of -0.21%.

    Relative Fees (Closing Costs)

    Community First Credit Union's average total fees/closing costs for a 30 year fixed rate mortgage were $2,513.

    The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $9,089.

    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
    APPLETON, WI (FHA|USDA|VA) 945 $174,395,000 $184,545 $1,041 6.03%
    GREEN BAY, WI (FHA|USDA|VA) 429 $129,735,000 $302,413 $940 6.11%
    OSHKOSH-NEENAH, WI (FHA|USDA|VA) 558 $98,100,000 $175,806 $1,031 6.09%
    Outside of Metro Areas 269 $54,545,000 $202,770 $1,062 6.07%
    MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 13 $35,745,000 $2,749,615 $1,486 6.14%
    Manitowoc, WI (FHA|USDA|VA) 137 $11,285,000 $82,372 $696 6.18%
    Beaver Dam, WI (FHA|USDA|VA) 3 $8,095,000 $2,698,333 $788 6.08%
    Shawano, WI (FHA|USDA|VA) 34 $5,710,000 $167,941 $1,260 6.18%
    FOND DU LAC, WI (FHA|USDA|VA) 34 $4,590,000 $135,000 $1,044 5.96%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 1 $4,495,000 $4,495,000 $0 5.75%
    SHEBOYGAN, WI (FHA|USDA|VA) 6 $2,390,000 $398,333 $1,407 5.69%
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 2 $1,080,000 $540,000 $0 5.75%
    Marinette, WI-MI (FHA|USDA|VA) 9 $1,065,000 $118,333 $1,474 5.82%
    MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 3 $935,000 $311,667 $2,187 5.69%
    Stevens Point, WI (FHA|USDA|VA) 11 $885,000 $80,455 $1,032 6.08%
    WAUSAU-WESTON, WI (FHA|USDA|VA) 3 $665,000 $221,667 $2,153 6.04%
    PUNTA GORDA, FL (FHA|USDA|VA) 1 $575,000 $575,000 $4,243 6.13%
    MADISON, WI (FHA|USDA|VA) 1 $475,000 $475,000 $2,263 6.00%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 1 $405,000 $405,000 $4,761 6.38%
    Iron Mountain, MI-WI (FHA|USDA|VA) 2 $320,000 $160,000 $1,680 6.13%
    JANESVILLE-BELOIT, WI (FHA|USDA|VA) 1 $225,000 $225,000 $2,288 4.88%
    EAU CLAIRE, WI (FHA|USDA|VA) 1 $105,000 $105,000 $2,366 6.50%
    Baraboo, WI (FHA|USDA|VA) 1 $25,000 $25,000 $463 4.25%
    Community First Credit Union's top markets include Appleton, Green Bay, Oshkosh, Milwaukee, and Manitowoc among others.

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

    • Similar Lenders

    We use machine learning to identify the top lenders compared against Community First Credit Union based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    UNITEDONE Credit Union
    Similarity Rank: 18
    NORTHWESTERN MUTUAL
    Similarity Rank: 44
    Glacier Hills Credit Union
    Similarity Rank: 54
    PCM
    Similarity Rank: 64
    PROSPERA Credit Union
    Similarity Rank: 77
    Citizens Bank
    Similarity Rank: 192
    Empower Credit Union
    Similarity Rank: 203
    Fox Valley Savings Bank
    Similarity Rank: 209
    UNISON CREDIT UNION
    Similarity Rank: 234
    PyraMax Bank, FSB
    Similarity Rank: 270

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 2,465 $535,845,000 $217,381 $1,019 6.07%

    For 2023, Community First Credit Union's most frequently originated type of loan was Conventional, with 2,465 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 648 $236,140,000 $364,414 $2,394 6.09%
    Cash Out Refi 565 $79,925,000 $141,460 $649 6.12%
    Home Improvement 456 $118,210,000 $259,232 $429 5.84%
    Refi 408 $76,370,000 $187,181 $641 6.08%
    Other 388 $25,200,000 $64,948 $478 6.22%

    For 2023, Community First Credit Union's most frequently cited loan purpose was Home Purchase, with 648 originations. The 2nd most popular reason was Cash Out Refi, with 565 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 1,566 $221,290,000 $141,309 $595 5.98%
    30 Year 411 $105,245,000 $256,071 $2,513 6.27%
    10 Year 335 $43,785,000 $130,701 $994 6.19%
    5 Year 110 $155,380,000 $1,412,545 $0 6.19%
    15 Year 28 $4,150,000 $148,214 $2,320 5.96%
    20 Year 11 $2,395,000 $217,727 $2,607 6.22%
    1 Year 2 $3,060,000 $1,530,000 $0 5.63%
    3 Year 2 $540,000 $270,000 $0 6.13%

    For 2023, Community First Credit Union's most frequently cited loan duration was Other, with 1,566 originations. The 2nd most popular length was 30 Year, with 411 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 1,277 $230,315,000 $180,356

    Community First Credit Union's average total fees were $2,513, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 1,277 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 1,084 $161,180,000 $148,690
    5-6% 935 $257,475,000 $275,374
    4-5% 274 $102,010,000 $372,299
    7-8% 130 $13,100,000 $100,769
    Over 8% 42 $2,080,000 $49,524

    During 2023, Community First Credit Union's average interest rate for loans was 6.27%, while their most frequently originated rate bucket for loans was 6-7%, with 1,084 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 1,378 $70,100,000 $50,871 $487 6.09%
    $100k-200k 544 $76,850,000 $141,268 $1,311 6.08%
    $200k-400k 418 $114,970,000 $275,048 $2,107 6.04%
    $400k-600k 78 $37,190,000 $476,795 $2,839 5.94%
    $1MM+ 28 $222,700,000 $7,953,571 $5,097 5.66%
    $600k-1MM 19 $14,035,000 $738,684 $3,314 5.74%

    2023 saw Community First Credit Union place emphasis on $100,000 or less loans with 1,378 originations, totaling $70,100,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 668 $89,070,000 $133,338 $1,095 6.04%
    $50k-75k 494 $46,510,000 $94,150 $1,006 6.16%
    $75k-100k 412 $42,550,000 $103,277 $980 6.13%
    $150k-250k 407 $69,665,000 $171,167 $1,057 5.88%
    $50k or less 283 $20,435,000 $72,208 $778 6.22%
    $250k+ 90 $28,990,000 $322,111 $1,305 5.80%

    Community First Credit Union lent most frequently to those with incomes in the $100k-150k range, with 668 originations. The second most popular income band? $50k-75k, with 494 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 701 $82,075,000 $117,083 $1,017 6.00%
    30-36% 477 $60,245,000 $126,300 $1,092 6.07%
    <20% 337 $35,625,000 $105,712 $761 5.88%
    39% 103 $11,575,000 $112,379 $902 6.33%
    38% 97 $15,065,000 $155,309 $1,270 6.17%
    41% 93 $9,655,000 $103,817 $800 6.27%
    37% 86 $9,330,000 $108,488 $817 6.19%
    42% 84 $9,760,000 $116,190 $1,039 6.15%
    36% 83 $12,715,000 $153,193 $963 6.13%
    40% 79 $12,785,000 $161,835 $1,332 5.97%
    43% 64 $9,160,000 $143,125 $1,164 6.13%
    44% 42 $6,920,000 $164,762 $989 6.35%
    45% 24 $4,610,000 $192,083 $1,277 6.26%
    46% 18 $3,880,000 $215,556 $1,817 6.31%
    47% 15 $3,625,000 $241,667 $1,582 5.81%
    50-60% 13 $2,325,000 $178,846 $1,185 6.62%
    >60% 11 $1,605,000 $145,909 $1,217 7.15%
    49% 9 $2,075,000 $230,556 $2,308 5.56%
    48% 7 $1,315,000 $187,857 $1,707 5.71%

    Community First Credit Union lent most frequently to those with DTI ratios of 20-30%, with 701 originations. The next most common DTI ratio? 30-36%, with 477 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 2,130 $280,900,000 $131,878 $1,037 6.07%
    Not applicable 110 $229,610,000 $2,087,364 $525 6.10%
    Not provided 166 $16,600,000 $100,000 $688 6.09%
    Asian 31 $4,615,000 $148,871 $1,228 6.17%
    American Indian 15 $1,945,000 $129,667 $1,174 6.04%
    Black 7 $1,565,000 $223,571 $2,004 5.48%
    Other Asian 4 $520,000 $130,000 $1,412 6.00%
    Native Hawaiian or Islander 2 $90,000 $45,000 $1,215 6.69%

    Approval Rates

    Total approvals of all applications
    93.85%

    Community First Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    79.23%

    Community First Credit Union has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 2,465 $535,845,000 $217,381

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    2,465 $535,845,000 $217,381

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 651 $57,125,000 $87,750 $586 6.05%
    40-60% 340 $53,100,000 $156,176 $1,016 6.05%
    60-80% 398 $261,110,000 $656,055 $1,787 6.06%
    80-100% 332 $133,480,000 $402,048 $2,532 6.08%
    Under 20% 743 $30,925,000 $41,622 $434 6.09%