Community First Credit Union Mortgage Rates, Fees & Info

Neenah, WI

LEI: 254900Q5026VQBAVI394

Tax ID: 39-6264347

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

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • 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, Refi, and Home Purchase 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 Shawano among others. We have data for 31 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.

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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.13% 12/16/24
    30 Year Conventional Refi 6.32% 12/16/24
    30 Year Cash-out Refi 6.40% 12/16/24
    15 Year Conventional Purchase 6.02% 12/16/24
    15 Year Conventional Refi 5.97% 12/16/24
    15 Year Cash-out Refi 5.97% 12/16/24
    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

    5,555

    Origination Dollar Volume (All Markets)

    $877,095,000
    Show all (8) awards

    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) 2,278 $353,410,000 $155,140 $1,048 3.18%
    OSHKOSH-NEENAH, WI (FHA|USDA|VA) 1,336 $192,410,000 $144,019 $1,027 3.23%
    GREEN BAY, WI (FHA|USDA|VA) 775 $168,635,000 $217,594 $1,076 3.22%
    Outside of Metro Areas 671 $87,985,000 $131,125 $1,091 3.18%
    Manitowoc, WI (FHA|USDA|VA) 260 $25,760,000 $99,077 $796 3.16%
    Shawano, WI (FHA|USDA|VA) 57 $7,585,000 $133,070 $977 3.25%
    Wisconsin Rapids-Marshfield, WI (FHA|USDA|VA) 2 $7,200,000 $3,600,000 $2,305 2.93%
    FOND DU LAC, WI (FHA|USDA|VA) 48 $6,920,000 $144,167 $1,496 3.30%
    NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 3 $6,225,000 $2,075,000 $12,269 3.21%
    Stevens Point, WI (FHA|USDA|VA) 33 $4,795,000 $145,303 $1,239 3.24%
    MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 18 $3,770,000 $209,444 $1,625 3.36%
    Marinette, WI-MI (FHA|USDA|VA) 29 $3,325,000 $114,655 $1,449 3.25%
    WAUSAU-WESTON, WI (FHA|USDA|VA) 9 $1,655,000 $183,889 $1,331 3.29%
    SHEBOYGAN, WI (FHA|USDA|VA) 6 $1,090,000 $181,667 $1,393 3.27%
    MADISON, WI (FHA|USDA|VA) 4 $1,090,000 $272,500 $2,248 3.16%
    Iron Mountain, MI-WI (FHA|USDA|VA) 6 $800,000 $133,333 $1,556 3.40%
    PORT ST. LUCIE, FL (FHA|USDA|VA) 1 $725,000 $725,000 $6,207 2.88%
    PUNTA GORDA, FL (FHA|USDA|VA) 1 $635,000 $635,000 $5,729 3.13%
    RACINE, WI (FHA|USDA|VA) 3 $615,000 $205,000 $1,314 3.13%
    Beaver Dam, WI (FHA|USDA|VA) 3 $365,000 $121,667 $1,358 3.00%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 1 $285,000 $285,000 $5,002 3.50%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 1 $275,000 $275,000 $3,480 3.00%
    MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 1 $275,000 $275,000 $2,348 3.50%
    Sandusky, OH (FHA|USDA|VA) 1 $265,000 $265,000 $388 3.75%
    TUCSON, AZ (FHA|USDA|VA) 1 $225,000 $225,000 $3,487 3.50%
    Platteville, WI (FHA|USDA|VA) 2 $220,000 $110,000 $1,717 3.50%
    EAU CLAIRE, WI (FHA|USDA|VA) 1 $125,000 $125,000 $1,828 3.00%
    PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 1 $125,000 $125,000 $2,476 3.75%
    Escanaba, MI (FHA|USDA|VA) 1 $115,000 $115,000 $1,679 3.50%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 1 $115,000 $115,000 $2,374 3.50%
    Whitewater, WI (FHA|USDA|VA) 1 $75,000 $75,000 $1,877 3.75%
    Community First Credit Union's top markets include Appleton, Oshkosh, Green Bay, Manitowoc, and Shawano among others.

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

    The Bank of Kaukauna
    Similarity Rank: 112
    Prevail Bank
    Similarity Rank: 162
    UNITEDONE Credit Union
    Similarity Rank: 247
    The Greenwood's State Bank
    Similarity Rank: 432
    Empower Credit Union
    Similarity Rank: 459
    Hometown Bank
    Similarity Rank: 504
    Range Bank
    Similarity Rank: 580
    UNISON CREDIT UNION
    Similarity Rank: 595
    Westbury Bank
    Similarity Rank: 774
    CAPITAL Credit Union
    Similarity Rank: 784

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 5,555 $877,095,000 $157,893 $1,062 3.20%

    For 2020, Community First Credit Union's most frequently originated type of loan was Conventional, with 5,555 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 2,082 $318,720,000 $153,084 $864 3.10%
    Refi 1,550 $219,850,000 $141,839 $885 3.07%
    Home Purchase 1,336 $287,990,000 $215,561 $1,838 3.55%
    Home Improvement 361 $32,735,000 $90,679 $389 2.96%
    Other 226 $17,800,000 $78,761 $618 3.26%

    For 2020, Community First Credit Union's most frequently cited loan purpose was Cash Out Refi, with 2,082 originations. The 2nd most popular reason was Refi, with 1,550 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 1,745 $329,865,000 $189,034 $1,825 3.49%
    Other 1,629 $182,525,000 $112,047 $422 3.04%
    10 Year 1,270 $169,020,000 $133,087 $538 3.07%
    15 Year 706 $121,040,000 $171,445 $1,511 2.95%
    20 Year 132 $19,750,000 $149,621 $1,491 3.49%
    5 Year 69 $52,655,000 $763,116 $0 3.96%
    1 Year 2 $2,020,000 $1,010,000 $2 4.42%
    3 Year 2 $220,000 $110,000 $0 3.75%

    For 2020, Community First Credit Union's most frequently cited loan duration was 30 Year, with 1,745 originations. The 2nd most popular length was Other, with 1,629 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 5,460 $770,590,000 $141,134
    $1k-2k 8 $1,730,000 $216,250
    $2k-3k 2 $300,000 $150,000
    $5k+ 1 $155,000 $155,000

    Community First Credit Union's average total fees were $1,825, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 5,460 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 2,882 $532,740,000 $184,851
    2.5-3% 1,366 $186,650,000 $136,640
    <2.5% 1,108 $130,560,000 $117,834
    4-5% 129 $24,385,000 $189,031
    Over 8% 55 $1,375,000 $25,000
    6-7% 8 $760,000 $95,000
    5-6% 6 $450,000 $75,000
    7-8% 1 $175,000 $175,000

    During 2020, Community First Credit Union's average interest rate for loans was 3.49%, while their most frequently originated rate bucket for loans was 3-4%, with 2,882 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 2,404 $340,960,000 $141,830 $1,188 3.16%
    $100,000 or less 2,027 $121,805,000 $60,091 $614 3.23%
    $200k-400k 1,017 $264,365,000 $259,946 $1,544 3.21%
    $400k-600k 62 $29,140,000 $470,000 $1,843 3.11%
    $1MM+ 25 $106,065,000 $4,242,600 $6,224 3.42%
    $600k-1MM 20 $14,760,000 $738,000 $2,734 3.24%

    2020 saw Community First Credit Union place emphasis on $100k-200k loans with 2,404 originations, totaling $340,960,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 1,399 $166,955,000 $119,339 $1,114 3.27%
    $100k-150k 1,346 $212,800,000 $158,098 $1,025 3.11%
    $75k-100k 1,157 $155,995,000 $134,827 $1,021 3.17%
    $50k or less 945 $89,355,000 $94,556 $1,056 3.33%
    $150k-250k 511 $102,355,000 $200,303 $1,036 3.02%
    $250k+ 113 $53,525,000 $473,673 $1,411 2.94%

    Community First Credit Union lent most frequently to those with incomes in the $50k-75k range, with 1,399 originations. The second most popular income band? $100k-150k, with 1,346 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 1,728 $234,970,000 $135,978 $1,013 3.13%
    <20% 1,063 $137,045,000 $128,923 $835 3.00%
    30-36% 1,048 $147,340,000 $140,592 $1,100 3.25%
    37% 175 $25,845,000 $147,686 $1,155 3.21%
    38% 167 $25,335,000 $151,707 $1,109 3.27%
    36% 163 $23,855,000 $146,350 $1,184 3.40%
    40% 160 $22,680,000 $141,750 $1,093 3.40%
    39% 146 $20,660,000 $141,507 $1,154 3.32%
    41% 141 $23,135,000 $164,078 $1,141 3.24%
    42% 126 $18,870,000 $149,762 $1,210 3.37%
    43% 124 $18,080,000 $145,806 $1,257 3.24%
    44% 89 $14,135,000 $158,820 $1,340 3.37%
    46% 73 $13,495,000 $184,863 $1,608 3.27%
    45% 61 $9,555,000 $156,639 $1,399 3.28%
    47% 50 $9,150,000 $183,000 $1,568 3.32%
    50-60% 39 $7,015,000 $179,872 $1,322 3.33%
    48% 38 $5,750,000 $151,316 $1,557 3.35%
    49% 32 $5,670,000 $177,188 $1,631 3.42%
    >60% 29 $4,865,000 $167,759 $1,125 3.84%

    Community First Credit Union lent most frequently to those with DTI ratios of 20-30%, with 1,728 originations. The next most common DTI ratio? <20%, with 1,063 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 4,841 $709,685,000 $146,599 $1,118 3.22%
    Not applicable 65 $90,685,000 $1,395,154 $621 3.83%
    Not provided 551 $60,585,000 $109,955 $526 2.91%
    Asian 67 $11,805,000 $176,194 $1,390 3.25%
    Black 10 $2,010,000 $201,000 $1,558 3.53%
    American Indian 14 $1,470,000 $105,000 $992 3.22%
    Other Asian 3 $345,000 $115,000 $798 2.71%
    Native Hawaiian or Islander 2 $320,000 $160,000 $1,954 3.19%
    Filipino 2 $190,000 $95,000 $1,156 5.91%

    Approval Rates

    Total approvals of all applications
    96.15%

    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
    73.75%

    Community First Credit Union has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 5,555 $877,095,000 $157,893

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 21 $92,925,000 $4,425,000
    Single Family (1-4 Units):Manufactured 40 $3,960,000 $99,000
    Single Family (1-4 Units):Site-Built 5,494 $780,210,000 $142,011

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 621 $44,025,000 $70,894 $480 2.97%
    40-60% 952 $120,800,000 $126,891 $819 2.98%
    60-80% 2,244 $433,560,000 $193,209 $1,122 3.16%
    80-100% 1,224 $258,120,000 $210,882 $1,743 3.38%
    Over 100% 2 $1,030,000 $515,000 $2,586 3.63%
    Under 20% 508 $18,950,000 $37,303 $330 3.59%

    Complaints

    Bank Name Product Issue 2020 CPFB Complaints % of Total Issues
    COMMUNITY BANK SYSTEM, INC. Conventional home mortgage Struggling to pay mortgage 1 33.3%
    COMMUNITY BANK SYSTEM, INC. Conventional home mortgage Trouble during payment process 1 33.3%
    COMMUNITY BANK SYSTEM, INC. Other type of mortgage Closing on a mortgage 1 33.3%