Community First Credit Union Mortgage Rates, Fees & Info

Neenah, WI

LEI: 254900Q5026VQBAVI394

Tax ID: 39-6264347

5 stars - out of 5 stars, based on 68 reviews

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

Community First Credit Union is a smaller credit union specializing in Cash Out Refi, Refi, and Home Purchase loans. Community First Credit Union has a high proportion of conventional loans. Their top markets include Appleton, Oshkosh, Green Bay, Manitowoc, and Shawano among others. Community First Credit Union has an above average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. Community First Credit Union is typically a low fee lendor.


Originations

4,560

Origination Dollar Volume (All Markets)

$732,680,000

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
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Relative Rate

Community First Credit Union's average 30 year fixed rate mortgage of loans were 3.16%.

The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.

This yields a difference of 0.01%.

Relative Fees

Community First Credit Union's average total fees for a 30 year fixed rate mortgage are $1,803.

The average total origination fees for 30 year fixed rate mortgages (for all loan values, including both points & up-front fees in addition to origination fees) are $4,750.

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
APPLETON, WI (FHA|USDA|VA) 1,865 $288,485,000 $154,684 $1,087 2.82%
OSHKOSH-NEENAH, WI (FHA|USDA|VA) 1,079 $153,975,000 $142,702 $1,149 2.84%
GREEN BAY, WI (FHA|USDA|VA) 613 $145,605,000 $237,529 $1,170 2.87%
Outside of Metro Areas 567 $79,495,000 $140,203 $1,195 2.82%
Manitowoc, WI (FHA|USDA|VA) 212 $25,580,000 $120,660 $1,059 2.87%
Shawano, WI (FHA|USDA|VA) 55 $8,245,000 $149,909 $1,262 2.78%
FOND DU LAC, WI (FHA|USDA|VA) 57 $8,115,000 $142,368 $1,269 2.97%
Stevens Point, WI (FHA|USDA|VA) 34 $4,780,000 $140,588 $1,295 2.77%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 3 $3,165,000 $1,055,000 $4,160 2.92%
Marinette, WI-MI (FHA|USDA|VA) 19 $3,075,000 $161,842 $1,327 2.76%
MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 16 $3,020,000 $188,750 $1,538 2.93%
WAUSAU-WESTON, WI (FHA|USDA|VA) 7 $1,245,000 $177,857 $1,795 2.80%
SHEBOYGAN, WI (FHA|USDA|VA) 7 $1,075,000 $153,571 $962 2.57%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 2 $1,030,000 $515,000 $4,616 3.19%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 1 $805,000 $805,000 $3,386 2.88%
Baraboo, WI (FHA|USDA|VA) 3 $795,000 $265,000 $2,291 3.21%
MADISON, WI (FHA|USDA|VA) 5 $705,000 $141,000 $1,325 2.60%
PORT ST. LUCIE, FL (FHA|USDA|VA) 1 $665,000 $665,000 $2,790 2.88%
TUCSON, AZ (FHA|USDA|VA) 1 $475,000 $475,000 $4,931 2.88%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 1 $475,000 $475,000 $3,156 2.50%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 1 $365,000 $365,000 $3,757 3.00%
Beaver Dam, WI (FHA|USDA|VA) 4 $360,000 $90,000 $1,042 2.97%
RACINE, WI (FHA|USDA|VA) 2 $260,000 $130,000 $1,591 2.75%
Wisconsin Rapids-Marshfield, WI (FHA|USDA|VA) 1 $255,000 $255,000 $2,496 3.00%
Iron Mountain, MI-WI (FHA|USDA|VA) 1 $205,000 $205,000 $2,367 3.00%
Whitewater, WI (FHA|USDA|VA) 1 $175,000 $175,000 $1,827 3.25%
EAU CLAIRE, WI (FHA|USDA|VA) 1 $165,000 $165,000 $2,264 3.38%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 1 $85,000 $85,000 $2,701 2.75%

Community First Credit Union's top markets include Appleton, Oshkosh, Green Bay, Manitowoc, and Shawano among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 4,560 $732,680,000 $160,675 $1,143 2.84%

For the 2021 period, Community First Credit Union's most frequently originated loan type of loans were Conventional, with 4,560 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Cash Out Refi 1,804 $279,990,000 $155,205 $1,021 2.80%
Refi 1,386 $197,810,000 $142,720 $956 2.72%
Home Purchase 920 $193,820,000 $210,674 $1,977 3.11%
Home Improvement 321 $51,245,000 $159,642 $511 2.72%
Other 129 $9,815,000 $76,085 $554 2.93%

For the 2021, Community First Credit Union's most frequently cited loan purpose of loans were Cash Out Refi, with 1,804 originations. The 2nd most popular reason of loans were Refi, with 1,386 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 1,438 $288,570,000 $200,675 $1,803 3.16%
10 Year 1,323 $186,345,000 $140,850 $596 2.59%
Other 856 $106,200,000 $124,065 $520 2.77%
15 Year 627 $96,855,000 $154,474 $1,466 2.58%
20 Year 275 $45,445,000 $165,255 $1,515 2.99%
5 Year 40 $9,220,000 $230,500 $0 3.79%
3 Year 1 $45,000 $45,000 $0 4.00%

For the 2021, Community First Credit Union's most frequently cited loan length of loans were 30 Year, with 1,438 originations. The 2nd most popular length of loans were 10 Year, with 1,323 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$<1k 4,470 $680,130,000 $152,154
$1k-2k 1 $295,000 $295,000

$1,803 of loans were Community First Credit Union's average total fees, while their most frequently occuring range of origination fees were in the $<1k bucket, with 4,470 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
<2.5% 1,888 $242,350,000 $128,363
2.5-3% 1,369 $233,835,000 $170,807
3-4% 1,251 $252,575,000 $201,898
4-5% 34 $2,870,000 $84,412
5-6% 9 $645,000 $71,667
Over 8% 6 $200,000 $33,333
6-7% 2 $40,000 $20,000
7-8% 1 $165,000 $165,000

During 2021, Community First Credit Union's average interest rate of loans were 3.16%, while their most frequently originated rate bucket of loans were <2.5%, with 1,888 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$100k-200k 2,018 $288,010,000 $142,721 $1,211 2.84%
$100,000 or less 1,466 $90,950,000 $62,040 $709 2.77%
$200k-400k 955 $247,755,000 $259,429 $1,540 2.93%
$400k-600k 84 $39,720,000 $472,857 $2,195 2.85%
$600k-1MM 27 $19,775,000 $732,407 $2,302 2.92%
$1MM+ 10 $46,470,000 $4,647,000 $2,562 3.11%

2021 saw Community First Credit Union place emphasis on $100k-200k loans with 2,018 originations, totaling $288,010,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$100k-150k 1,127 $191,795,000 $170,182 $1,124 2.77%
$50k-75k 1,097 $140,145,000 $127,753 $1,119 2.84%
$75k-100k 910 $135,200,000 $148,571 $1,179 2.83%
$50k or less 831 $83,455,000 $100,427 $1,126 2.97%
$150k-250k 464 $99,040,000 $213,448 $1,137 2.70%
$250k+ 86 $33,860,000 $393,721 $1,502 2.69%

Community First Credit Union lent most frequently to those with incomes in the $100k-150k range, with 1,127 originations. The second most popular income band? $50k-75k, with 1,097 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
20-30% 1,455 $218,745,000 $150,340 $1,132 2.81%
30-36% 900 $138,420,000 $153,800 $1,165 2.85%
<20% 787 $98,935,000 $125,712 $909 2.69%
38% 154 $23,710,000 $153,961 $1,223 2.96%
37% 146 $24,850,000 $170,205 $1,246 2.86%
36% 145 $24,155,000 $166,586 $1,278 2.89%
39% 144 $20,190,000 $140,208 $1,122 2.84%
42% 131 $22,045,000 $168,282 $1,223 2.86%
40% 123 $19,235,000 $156,382 $1,175 2.84%
41% 117 $17,475,000 $149,359 $1,211 2.90%
43% 95 $16,915,000 $178,053 $1,313 2.99%
44% 65 $10,415,000 $160,231 $1,358 2.96%
47% 56 $10,960,000 $195,714 $1,566 2.97%
45% 40 $6,940,000 $173,500 $1,317 2.98%
50-60% 36 $6,180,000 $171,667 $1,237 2.92%
46% 33 $7,305,000 $221,364 $1,551 2.98%
48% 31 $5,255,000 $169,516 $1,564 2.97%
>60% 29 $6,845,000 $236,034 $1,509 3.04%
49% 18 $3,800,000 $211,111 $1,720 2.93%

Community First Credit Union lent most frequently to those with DTI ratios of 20-30%, with 1,455 originations. The next most common DTI ratio? 30-36%, with 900 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 4,049 $616,905,000 $152,360 $1,173 2.84%
Not provided 386 $54,550,000 $141,321 $799 2.72%
Not applicable 42 $47,670,000 $1,135,000 $458 3.69%
Asian 48 $8,560,000 $178,333 $1,269 2.84%
American Indian 23 $3,235,000 $140,652 $1,324 2.88%
Black 8 $1,300,000 $162,500 $1,481 3.11%
Asian Indian 2 $250,000 $125,000 $288 2.44%
Other Asian 2 $210,000 $105,000 $853 2.63%

Approval Rates

Total approvals of all applications
95.08%

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
73.22%

Community First Credit Union has a below average pick rate.

Points and Fees

Points Originations Total Value Average Loan
NA 4,560 $732,680,000 $160,675

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
4,560 $732,680,000 $160,675

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 485 $46,325,000 $95,515 $619 2.65%
40-60% 1,029 $132,845,000 $129,101 $900 2.66%
60-80% 1,916 $353,930,000 $184,723 $1,243 2.86%
80-100% 783 $185,285,000 $236,635 $1,862 3.08%
Over 100% 1 $535,000 $535,000 $0 4.00%
Under 20% 339 $12,685,000 $37,419 $428 2.89%

Complaints

Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
COMMUNITY MORTGAGE CORPORATION FHA mortgage Applying for a mortgage or refinancing an existing mortgage 1 100.0%