Community First Credit Union Mortgage Rates, Fees & Info

Neenah, WI

LEI: 254900Q5026VQBAVI394

Tax ID: 39-6264347

5 stars - out of 5 stars, based on 60 reviews

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

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Mortgage Data

  • SimulatedRates™
  • Originations
  • Relative Rates
  • Relative Fees
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • 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 Cash Out Refi, 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, Oshkosh, Green Bay, Manitowoc, and Sheboygan among others. We have data for 24 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 about average 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% 3/23/23
    30 Year Conventional Refi 6.32% 3/23/23
    30 Year Cash-out Refi 6.40% 3/23/23
    15 Year Conventional Purchase 6.02% 3/23/23
    15 Year Conventional Refi 5.97% 3/23/23
    15 Year Cash-out Refi 5.97% 3/23/23
    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.


    Originations

    3,580

    Origination Dollar Volume (All Markets)

    $705,560,000

    Awards

    Community First Credit Union 30 Year Conventional Loans silver Community First Credit Union 30 Year Conventional Loans gold Community First Credit Union 30 Year Conventional Loans gold Community First Credit Union 30 Year Conventional Loans gold
    Show all (4) awards

    Relative Rate

    Community First Credit Union's average 30 year fixed mortgage rate was 3.94%.

    The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.

    This yields a difference of -0.82%.

    Relative Fees (Closing Costs)

    Community First Credit Union's average total fees/closing costs for a 30 year fixed rate mortgage were $2,102.

    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 $4,750.

    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) 1,406 $277,340,000 $197,255 $1,091 3.39%
    OSHKOSH-NEENAH, WI (FHA|USDA|VA) 842 $140,620,000 $167,007 $1,176 3.43%
    GREEN BAY, WI (FHA|USDA|VA) 509 $138,665,000 $272,426 $1,136 3.44%
    Outside of Metro Areas 444 $78,290,000 $176,329 $1,220 3.51%
    Manitowoc, WI (FHA|USDA|VA) 208 $23,180,000 $111,442 $978 3.51%
    SHEBOYGAN, WI (FHA|USDA|VA) 7 $13,325,000 $1,903,571 $1,360 3.09%
    Shawano, WI (FHA|USDA|VA) 45 $7,915,000 $175,889 $1,150 3.23%
    FOND DU LAC, WI (FHA|USDA|VA) 42 $6,210,000 $147,857 $1,182 3.30%
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 1 $3,755,000 $3,755,000 $10,873 3.50%
    Beaver Dam, WI (FHA|USDA|VA) 7 $3,455,000 $493,571 $1,754 3.91%
    Stevens Point, WI (FHA|USDA|VA) 20 $2,280,000 $114,000 $1,114 3.49%
    MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 10 $2,050,000 $205,000 $1,595 3.10%
    Marinette, WI-MI (FHA|USDA|VA) 15 $1,575,000 $105,000 $1,174 3.69%
    WAUSAU-WESTON, WI (FHA|USDA|VA) 6 $1,130,000 $188,333 $1,090 3.19%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 2 $1,100,000 $550,000 $6,683 3.44%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 1 $955,000 $955,000 $5,593 2.88%
    MADISON, WI (FHA|USDA|VA) 3 $775,000 $258,333 $2,644 3.17%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 2 $660,000 $330,000 $4,180 3.44%
    Wisconsin Rapids-Marshfield, WI (FHA|USDA|VA) 4 $620,000 $155,000 $1,831 3.88%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 1 $495,000 $495,000 $0 3.75%
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 1 $405,000 $405,000 $0 3.75%
    Iron Mountain, MI-WI (FHA|USDA|VA) 2 $360,000 $180,000 $1,383 3.94%
    RACINE, WI (FHA|USDA|VA) 1 $285,000 $285,000 $1,923 2.99%
    EAU CLAIRE, WI (FHA|USDA|VA) 1 $115,000 $115,000 $1,906 3.99%
    Community First Credit Union's top markets include Appleton, Oshkosh, Green Bay, Manitowoc, and Sheboygan among others.

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

    FOND DU LAC
    Similarity Rank: 96
    Prevail Bank
    Similarity Rank: 133
    PROSPERA Credit Union
    Similarity Rank: 168
    UNITEDONE Credit Union
    Similarity Rank: 220
    The Stephenson National Bank and Trust
    Similarity Rank: 342
    The Greenwood's State Bank
    Similarity Rank: 360
    Wolf River Community Bank
    Similarity Rank: 405
    Fox Valley Savings Bank
    Similarity Rank: 430
    Settlers Bank
    Similarity Rank: 432
    NORTHWESTERN MUTUAL
    Similarity Rank: 469

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 3,580 $705,560,000 $197,084 $1,143 3.43%

    For 2022, Community First Credit Union's most frequently originated type of loan was Conventional, with 3,580 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 1,191 $182,165,000 $152,951 $941 3.25%
    Home Purchase 953 $239,205,000 $251,002 $2,150 3.86%
    Home Improvement 561 $143,825,000 $256,373 $485 3.33%
    Refi 558 $117,400,000 $210,394 $883 3.18%
    Other 317 $22,965,000 $72,445 $528 3.40%

    For 2022, Community First Credit Union's most frequently cited loan purpose was Cash Out Refi, with 1,191 originations. The 2nd most popular reason was Home Purchase, with 953 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 1,300 $186,790,000 $143,685 $567 3.37%
    10 Year 1,286 $229,000,000 $178,072 $1,080 3.14%
    30 Year 740 $169,300,000 $228,784 $2,102 3.94%
    15 Year 120 $16,790,000 $139,917 $1,737 3.14%
    5 Year 75 $91,355,000 $1,218,067 $0 4.45%
    20 Year 55 $10,455,000 $190,091 $1,757 3.60%
    3 Year 2 $1,030,000 $515,000 $0 5.25%
    30+ year 1 $455,000 $455,000 $2,923 2.88%
    1 Year 1 $385,000 $385,000 $0 5.00%

    For 2022, Community First Credit Union's most frequently cited loan duration was Other, with 1,300 originations. The 2nd most popular length was 10 Year, with 1,286 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 2,730 $478,850,000 $175,403

    Community First Credit Union's average total fees were $2,102, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 2,730 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 1,229 $311,535,000 $253,487
    2.5-3% 917 $145,115,000 $158,250
    <2.5% 727 $80,955,000 $111,355
    4-5% 434 $117,300,000 $270,276
    5-6% 218 $43,580,000 $199,908
    6-7% 33 $4,365,000 $132,273
    Over 8% 12 $360,000 $30,000
    7-8% 9 $1,445,000 $160,556

    During 2022, Community First Credit Union's average interest rate for loans was 3.94%, while their most frequently originated rate bucket for loans was 3-4%, with 1,229 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 1,453 $79,275,000 $54,560 $620 3.40%
    $100k-200k 1,226 $177,030,000 $144,396 $1,286 3.40%
    $200k-400k 739 $200,205,000 $270,913 $1,732 3.49%
    $400k-600k 100 $46,730,000 $467,300 $2,217 3.48%
    $1MM+ 33 $181,575,000 $5,502,273 $3,472 3.94%
    $600k-1MM 29 $20,745,000 $715,345 $2,885 3.37%

    2022 saw Community First Credit Union place emphasis on $100,000 or less loans with 1,453 originations, totaling $79,275,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 910 $141,300,000 $155,275 $1,106 3.38%
    $50k-75k 797 $96,715,000 $121,349 $1,181 3.44%
    $75k-100k 706 $97,440,000 $138,017 $1,111 3.43%
    $50k or less 522 $51,060,000 $97,816 $1,110 3.47%
    $150k-250k 437 $87,635,000 $200,538 $1,115 3.24%
    $250k+ 116 $52,660,000 $453,966 $1,633 3.34%

    Community First Credit Union lent most frequently to those with incomes in the $100k-150k range, with 910 originations. The second most popular income band? $50k-75k, with 797 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 1,161 $160,405,000 $138,161 $1,064 3.35%
    30-36% 700 $110,110,000 $157,300 $1,212 3.50%
    <20% 582 $76,760,000 $131,890 $973 3.18%
    39% 128 $18,320,000 $143,125 $1,153 3.51%
    38% 122 $18,160,000 $148,852 $1,189 3.41%
    36% 118 $17,200,000 $145,763 $1,168 3.50%
    40% 117 $16,425,000 $140,385 $1,157 3.44%
    37% 111 $17,435,000 $157,072 $1,218 3.43%
    41% 106 $16,000,000 $150,943 $1,146 3.59%
    42% 105 $19,045,000 $181,381 $1,257 3.49%
    43% 64 $10,100,000 $157,813 $1,250 3.46%
    44% 48 $10,350,000 $215,625 $1,665 3.54%
    46% 26 $5,990,000 $230,385 $1,857 3.42%
    45% 24 $4,130,000 $172,083 $1,426 3.64%
    47% 16 $6,970,000 $435,625 $2,175 3.66%
    48% 15 $3,355,000 $223,667 $1,671 3.50%
    49% 14 $3,120,000 $222,857 $2,133 3.90%
    >60% 10 $1,720,000 $172,000 $2,296 3.31%
    50-60% 9 $1,375,000 $152,778 $1,212 3.62%

    Community First Credit Union lent most frequently to those with DTI ratios of 20-30%, with 1,161 originations. The next most common DTI ratio? 30-36%, with 700 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 3,090 $480,200,000 $155,405 $1,179 3.42%
    Not applicable 93 $174,075,000 $1,871,774 $691 4.40%
    Not provided 329 $40,735,000 $123,815 $781 3.19%
    Asian 29 $5,465,000 $188,448 $1,442 3.50%
    American Indian 22 $2,310,000 $105,000 $1,059 3.82%
    Black 12 $2,000,000 $166,667 $1,178 3.32%
    Other Asian 2 $280,000 $140,000 $1,748 3.56%
    Asian Indian 1 $245,000 $245,000 $0 4.00%
    Other Pacific Islander 1 $145,000 $145,000 $2,210 3.25%
    Filipino 1 $105,000 $105,000 $1,851 2.38%

    Approval Rates

    Total approvals of all applications
    95.01%

    Community First 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
    78.32%

    Community First Credit Union has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 3,580 $705,560,000 $197,084

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    3,580 $705,560,000 $197,084

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 528 $48,300,000 $91,477 $682 3.27%
    40-60% 651 $93,625,000 $143,817 $968 3.21%
    60-80% 1,140 $366,700,000 $321,667 $1,388 3.42%
    80-100% 600 $160,680,000 $267,800 $2,095 3.79%
    Under 20% 657 $35,805,000 $54,498 $436 3.44%

    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%