Community First Credit Union Mortgage Rates, Fees & Info
Neenah, WILEI: 254900Q5026VQBAVI394
Tax ID: 39-6264347
2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage 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
4,560Origination Dollar Volume (All Markets)
$732,680,000Awards
Community First Credit Union - 2021
Community First Credit Union is a 2021 , due to their low .
For 2021, less than of lenders were eligible for this award.
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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 applications95.08%
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 origination73.22%
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% |
