Community Credit Union Of Florida Mortgage Rates, Fees & Info

Rockledge, FL

LEI: 54930030C6U0HERIQ090

Tax ID: 59-0860768

4 stars - Updated: 11/17/24 - out of 5 stars, based on 29 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 Credit Union Of Florida is a smaller credit union specializing in Other, Home Improvement, and Home Purchase loans. Community Credit Union Of Florida has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: Palm Bay, Orlando, Lakeland, Deltona, and Miami among others. We have data for 11 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Community Credit Union Of Florida has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Community Credit Union Of Florida 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.

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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    Home Equity Line of Credit (HELOC) 6.54% 11/17/24
    30 Year Conventional Purchase 6.88% 11/17/24
    30 Year Conventional Refi 6.24% 11/17/24
    30 Year Cash-out Refi 6.06% 11/17/24
    30 Year FHA Purchase 6.62% 11/17/24
    30 Year VA Purchase 5.82% 11/17/24
    30 Year VA Refi 5.63% 11/17/24
    15 Year Conventional Purchase 5.75% 11/17/24
    15 Year Conventional Refi 5.81% 11/17/24
    15 Year Cash-out Refi 5.81% 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 Credit Union Of Florida Mortgage Calculator






    Your Estimates

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

    This is not an official calculator from Community Credit Union Of Florida. 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

    859

    Origination Dollar Volume (All Markets)

    $107,465,000

    Awards

    COMMUNITY CREDIT UNION OF FLORIDA 30 Year Conventional Loans gold
    Show all (1) awards

    Relative Rate

    Community Credit Union Of Florida's average 30 year fixed mortgage rate was 8.81%.

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

    This yields a difference of 2.33%.

    Relative Fees (Closing Costs)

    Community Credit Union Of Florida's average total fees/closing costs for a 30 year fixed rate mortgage were $3,000.

    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
    PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 763 $93,475,000 $122,510 $2,231 8.60%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 35 $6,295,000 $179,857 $3,581 8.02%
    LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 21 $2,465,000 $117,381 $2,604 9.08%
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 13 $2,045,000 $157,308 $4,366 8.06%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 4 $850,000 $212,500 $719 8.31%
    PORT ST. LUCIE, FL (FHA|USDA|VA) 6 $680,000 $113,333 $819 8.12%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 3 $565,000 $188,333 $0 9.08%
    Sebastian-Vero Beach, FL (FHA|USDA|VA) 6 $520,000 $86,667 $1,935 7.75%
    OCALA, FL (FHA|USDA|VA) 5 $385,000 $77,000 $0 8.10%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 2 $130,000 $65,000 $0 10.88%
    JACKSONVILLE, FL (FHA|USDA|VA) 1 $55,000 $55,000 $0 9.50%
    Community Credit Union Of Florida's top markets include Palm Bay, Orlando, Lakeland, Deltona, and Miami among others.

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

    • Similar Lenders

    We use machine learning to identify the top lenders compared against COMMUNITY CREDIT UNION OF FLORIDA based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    SPACE COAST Credit Union
    Similarity Rank: 260
    LAUNCH FEDERAL CREDIT UNION
    Similarity Rank: 288
    COMMUNITY CREDIT UNION OF FLORIDA
    Similarity Rank: 583
    TrustCo Bank
    Similarity Rank: 672
    SHELTER MORTGAGE COMPANY, L.L.C.
    Similarity Rank: 686
    DYBN FINANCIAL CORP.
    Similarity Rank: 1474
    FAIRWINDS CREDIT UNION
    Similarity Rank: 1520
    City National Bank of Florida
    Similarity Rank: 2001
    PULTE MORTGAGE LLC
    Similarity Rank: 2201
    DHI MORTGAGE COMPANY, LTD.
    Similarity Rank: 2270

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    HELOC 513 $54,045,000 $105,351 n/a 9.39%
    Conventional 328 $47,740,000 $145,549 $1,972 7.45%
    FHA 9 $2,895,000 $321,667 $9,762 6.13%
    VA 9 $2,785,000 $309,444 $7,905 6.06%

    For 2023, Community Credit Union Of Florida's most frequently originated type of loan was HELOC, with 513 originations. Their 2nd most popular type was Conventional, with 328 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Other 338 $30,220,000 $89,408 $666 9.23%
    Home Improvement 320 $31,980,000 $99,938 $696 8.65%
    Home Purchase 105 $31,475,000 $299,762 $5,482 6.88%
    Refi 95 $13,735,000 $144,579 $2,734 7.94%
    Cash Out Refi 1 $55,000 $55,000 $2,780 6.50%

    For 2023, Community Credit Union Of Florida's most frequently cited loan purpose was Other, with 338 originations. The 2nd most popular reason was Home Improvement, with 320 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 728 $95,260,000 $130,852 $3,000 8.81%
    15 Year 70 $5,950,000 $85,000 $1,099 7.20%
    10 Year 24 $1,490,000 $62,083 $758 7.42%
    20 Year 21 $2,115,000 $100,714 $900 7.47%
    5 Year 8 $230,000 $28,750 $387 6.62%
    30+ year 4 $1,830,000 $457,500 $7,187 6.50%
    Other 4 $590,000 $147,500 $314 8.75%

    For 2023, Community Credit Union Of Florida's most frequently cited loan duration was 30 Year, with 728 originations. The 2nd most popular length was 15 Year, with 70 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 225 $18,515,000 $82,289
    $1k-2k 95 $25,745,000 $271,000
    $2k-3k 12 $5,130,000 $427,500
    $3k-4k 7 $2,205,000 $315,000
    $5k+ 4 $1,280,000 $320,000
    $4k-5k 2 $490,000 $245,000

    Community Credit Union Of Florida's average total fees were $3,000, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 225 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    Over 8% 485 $47,715,000 $98,381
    7-8% 164 $20,360,000 $124,146
    6-7% 147 $27,245,000 $185,340
    5-6% 48 $11,320,000 $235,833
    4-5% 15 $825,000 $55,000

    During 2023, Community Credit Union Of Florida's average interest rate for loans was 8.81%, while their most frequently originated rate bucket for loans was Over 8%, with 485 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 475 $27,145,000 $57,147 $762 8.94%
    $100k-200k 241 $31,695,000 $131,515 $2,200 8.49%
    $200k-400k 110 $29,510,000 $268,273 $5,094 7.73%
    $400k-600k 22 $10,040,000 $456,364 $7,290 7.04%
    $600k-1MM 10 $7,570,000 $757,000 $6,942 6.50%
    $1MM+ 1 $1,505,000 $1,505,000 $0 5.50%

    2023 saw Community Credit Union Of Florida place emphasis on $100,000 or less loans with 475 originations, totaling $27,145,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 199 $25,965,000 $130,477 $2,578 8.46%
    $75k-100k 170 $20,520,000 $120,706 $2,925 8.72%
    $50k-75k 166 $13,540,000 $81,566 $1,369 8.64%
    $150k-250k 123 $21,795,000 $177,195 $3,005 7.98%
    $50k or less 88 $5,730,000 $65,114 $1,982 8.82%
    $250k+ 49 $13,135,000 $268,061 $3,432 8.61%

    Community Credit Union Of Florida lent most frequently to those with incomes in the $100k-150k range, with 199 originations. The second most popular income band? $75k-100k, with 170 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 165 $20,355,000 $123,364 $1,986 8.49%
    30-36% 139 $17,555,000 $126,295 $2,313 8.63%
    50-60% 73 $8,645,000 $118,425 $2,039 8.38%
    <20% 65 $7,875,000 $121,154 $1,919 8.21%
    45% 32 $4,730,000 $147,813 $3,330 8.61%
    39% 31 $3,655,000 $117,903 $3,845 9.12%
    43% 30 $4,880,000 $162,667 $2,110 8.62%
    44% 29 $4,065,000 $140,172 $3,728 8.54%
    42% 28 $2,240,000 $80,000 $1,819 8.29%
    38% 27 $3,785,000 $140,185 $2,850 8.17%
    49% 27 $4,245,000 $157,222 $4,001 8.16%
    48% 25 $2,945,000 $117,800 $3,375 9.03%
    36% 25 $3,405,000 $136,200 $2,415 8.57%
    37% 23 $2,705,000 $117,609 $2,561 8.52%
    41% 22 $2,960,000 $134,545 $2,023 8.60%
    40% 20 $2,820,000 $141,000 $2,655 8.91%
    47% 19 $1,585,000 $83,421 $1,657 9.12%
    46% 19 $2,995,000 $157,632 $3,206 8.38%
    >60% 5 $825,000 $165,000 $983 8.49%

    Community Credit Union Of Florida lent most frequently to those with DTI ratios of 20-30%, with 165 originations. The next most common DTI ratio? 30-36%, with 139 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 649 $80,945,000 $124,723 $2,508 8.50%
    Black 71 $8,885,000 $125,141 $2,947 9.06%
    Not provided 62 $7,770,000 $125,323 $1,628 8.34%
    Not applicable 57 $5,895,000 $103,421 $731 9.18%
    Asian Indian 2 $1,630,000 $815,000 $0 6.63%
    Asian 10 $1,490,000 $149,000 $478 8.67%
    Native Hawaiian or Islander 3 $575,000 $191,667 $5,318 8.71%
    American Indian 5 $275,000 $55,000 $0 8.30%

    Approval Rates

    Total approvals of all applications
    84.79%

    Community Credit Union Of Florida has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    68.68%

    Community Credit Union Of Florida has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

    Points and Fees

    Points Originations Total Value Average Loan
    0.0 1 $55,000 $55,000
    NA 858 $107,410,000 $125,186

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    859 $107,465,000 $125,105

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 335 $38,735,000 $115,627 $1,464 8.78%
    40-60% 80 $16,110,000 $201,375 $2,911 8.01%
    60-80% 59 $13,975,000 $236,864 $5,123 7.58%
    80-100% 42 $16,380,000 $390,000 $6,629 6.62%
    Over 100% 7 $2,505,000 $357,857 $5,377 7.75%
    Under 20% 336 $19,760,000 $58,810 $550 8.94%