Community Credit Union Of Florida Mortgage Rates, Fees & Info
Rockledge, FLLEI: 54930030C6U0HERIQ090
Tax ID: 59-0860768
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Mortgage Data
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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 6.54% | 4/21/24 |
| 30 Year Conventional Purchase | 6.88% | 4/21/24 |
| 30 Year Conventional Refi | 6.24% | 4/21/24 |
| 30 Year Cash-out Refi | 6.06% | 4/21/24 |
| 30 Year FHA Purchase | 6.62% | 4/21/24 |
| 30 Year VA Purchase | 5.82% | 4/21/24 |
| 30 Year VA Refi | 5.63% | 4/21/24 |
| 15 Year Conventional Purchase | 5.75% | 4/21/24 |
| 15 Year Conventional Refi | 5.81% | 4/21/24 |
| 15 Year Cash-out Refi | 5.81% | 4/21/24 |
| 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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
859Origination Dollar Volume (All Markets)
$107,465,000Awards
COMMUNITY CREDIT UNION OF FLORIDA - 2023
COMMUNITY CREDIT UNION OF FLORIDA is a 2023 , due to their low .
For 2023, less than of lenders were eligible for this award.
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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% |
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.
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Product Mix
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
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
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
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
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
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
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
Approval Rates
Total approvals of all applications84.79%
Community Credit Union Of Florida has a below average approval rate.
Pick Rate
Approvals leading to origination68.68%
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 |