Community Credit Union Of Florida Mortgage Rates, Fees & InfoRockledge, FL
Tax ID: 59-0860768
Latest/2022 | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Review & OverviewCommunity Credit Union Of Florida is a smaller credit union specializing in Home Improvement, Other, Refi, and Home Purchase loans. Community Credit Union Of Florida has a high proportion of conventional loans. Their top markets by origination volume include: Palm Bay, Orlando, Miami, Sebastian, and Deltona among others. We have data for 16 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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|Simulated Rate||Simulation Date|
|Home Equity Line of Credit (HELOC)||6.54%||9/18/23|
|30 Year Conventional Purchase||6.88%||9/18/23|
|30 Year Conventional Refi||6.24%||9/18/23|
|30 Year Cash-out Refi||6.06%||9/18/23|
|30 Year FHA Purchase||6.62%||9/18/23|
|30 Year VA Purchase||5.82%||9/18/23|
|30 Year VA Refi||5.63%||9/18/23|
|15 Year Conventional Purchase||5.75%||9/18/23|
|15 Year Conventional Refi||5.81%||9/18/23|
|15 Year Cash-out Refi||5.81%||9/18/23|
|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.
Origination Dollar Volume (All Markets)$138,275,000
Community Credit Union Of Florida's average 30 year fixed mortgage rate was
The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.
This yields a difference of 0.73%.
Relative Fees (Closing Costs)
Community Credit Union Of Florida's average total fees/closing costs for a 30 year fixed rate
mortgage were $3,348.
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 $4,750.
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)||980||$126,560,000||$129,143||$2,959||5.44%|
|ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA)||38||$5,200,000||$136,842||$2,937||5.50%|
|Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA)||8||$1,270,000||$158,750||$1,805||5.14%|
|Sebastian-Vero Beach, FL (FHA|USDA|VA)||9||$1,175,000||$130,556||$483||4.89%|
|DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA)||11||$1,145,000||$104,091||$1,228||5.90%|
|LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA)||12||$1,090,000||$90,833||$343||6.19%|
|JACKSONVILLE, FL (FHA|USDA|VA)||3||$405,000||$135,000||$0||5.50%|
|TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA)||3||$335,000||$111,667||$0||6.83%|
|PORT ST. LUCIE, FL (FHA|USDA|VA)||4||$320,000||$80,000||$0||5.44%|
|North Port-Sarasota-Bradenton, FL (FHA|USDA|VA)||2||$240,000||$120,000||$737||4.62%|
|CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA)||1||$155,000||$155,000||$0||6.25%|
|PUNTA GORDA, FL (FHA|USDA|VA)||1||$125,000||$125,000||$0||3.00%|
|TALLAHASSEE, FL (FHA|USDA|VA)||2||$100,000||$50,000||$459||5.88%|
|PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA)||1||$55,000||$55,000||$0||5.75%|
|HOMOSASSA SPRINGS, FL (FHA|USDA|VA)||1||$55,000||$55,000||$0||5.75%|
|GAINESVILLE, FL (FHA|USDA|VA)||1||$45,000||$45,000||$0||4.50%|
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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|Loan Type||Originations||Total Value||Avg. Loan||Avg. Fees||Avg. Rate|
For 2022, Community Credit Union Of Florida's most frequently originated type of loan was HELOC, with 717 originations. Their 2nd most popular type was Conventional, with 355 originations.
For 2022, Community Credit Union Of Florida's most frequently cited loan purpose was Home Improvement, with 461 originations. The 2nd most popular reason was Other, with 339 originations.
For 2022, Community Credit Union Of Florida's most frequently cited loan duration was 30 Year, with 954 originations. The 2nd most popular length was 15 Year, with 97 originations.
Origination Fees/Closing Costs
|Origination Fee/Closing Cost||Originations||Total Value||Average Loan|
Community Credit Union Of Florida's average total fees were $3,348, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 152 originations.
During 2022, Community Credit Union Of Florida's average interest rate for loans was 5.49%, while their most frequently originated rate bucket for loans was 5-6%, with 312 originations.
2022 saw Community Credit Union Of Florida place emphasis on $100,000 or less loans with 550 originations, totaling $31,670,000 in origination value.
Community Credit Union Of Florida lent most frequently to those with incomes in the $100k-150k range, with 259 originations. The second most popular income band? $50k-75k, with 239 originations.
Applicant Debt to Income Ratio
Community Credit Union Of Florida lent most frequently to those with DTI ratios of 20-30%, with 235 originations. The next most common DTI ratio? 30-36%, with 184 originations.
Approval RatesTotal approvals of all applications
Community Credit Union Of Florida has an average approval rate.
Pick RateApprovals leading to origination
Community Credit Union Of Florida has a below average pick rate.
Points and Fees
|Points||Originations||Total Value||Average Loan|
|Bank Name||Product||Issue||2022 CPFB Complaints||% of Total Issues|
|Community Loan Servicing, LLC (formerly known as Bayview Loan Servicing, LLC)||FHA mortgage||Struggling to pay mortgage||2||66.7%|
|Community Loan Servicing, LLC (formerly known as Bayview Loan Servicing, LLC)||Other type of mortgage||Trouble during payment process||1||33.3%|