Community Credit Union Of Florida Mortgage Rates, Fees & Info

Rockledge, FL

LEI: 54930030C6U0HERIQ090

Tax ID: 59-0860768

4.1 stars - out of 5 stars, based on 18 reviews

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

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Mortgage Data

  • SimulatedRates™
  • Review & Overview

    Community Credit Union Of Florida is a smaller credit union specializing in Refi 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, Tampa, Lakeland, and Tallahassee among others. We have data for 10 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 an average 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
    30 Year Conventional Purchase 7.69% 12/4/22
    30 Year Conventional Refi 7.09% 12/4/22
    30 Year FHA Purchase 7.32% 12/4/22
    30 Year VA Purchase 6.58% 12/4/22
    30 Year VA Refi 6.79% 12/4/22
    15 Year Conventional Purchase 6.09% 12/4/22
    15 Year Conventional Refi 6.40% 12/4/22
    15 Year Cash-out Refi 6.40% 12/4/22
    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.


    Originations

    314

    Origination Dollar Volume (All Markets)

    $63,180,000

    Relative Rate

    Community Credit Union Of Florida's average 30 year fixed mortgage rate was 3.65%.

    The 2021 average 30 year fixed rate mortgage across all markets and lenders was 3.15%.

    This yields a difference of 0.5%.

    Relative Fees (Closing Costs)

    Community Credit Union Of Florida's average total fees/closing costs for a 30 year fixed rate mortgage were $4,157.

    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.

    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) 287 $57,405,000 $200,017 $3,982 3.51%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 14 $3,360,000 $240,000 $3,882 4.30%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 3 $525,000 $175,000 $4,064 3.17%
    LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 2 $400,000 $200,000 $3,635 3.94%
    TALLAHASSEE, FL (FHA|USDA|VA) 2 $390,000 $195,000 $4,107 4.38%
    PORT ST. LUCIE, FL (FHA|USDA|VA) 1 $325,000 $325,000 $5,275 2.88%
    OCALA, FL (FHA|USDA|VA) 2 $280,000 $140,000 $3,389 2.94%
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 1 $255,000 $255,000 $4,284 4.88%
    JACKSONVILLE, FL (FHA|USDA|VA) 1 $165,000 $165,000 $3,205 3.50%
    HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 1 $75,000 $75,000 $3,371 2.88%
    Community Credit Union Of Florida's top markets include Palm Bay, Orlando, Tampa, Lakeland, and Tallahassee 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.

    LAUNCH FEDERAL CREDIT UNION
    Similarity Rank: 552
    TrustCo Bank
    Similarity Rank: 1568
    COMMUNITY CREDIT UNION OF FLORIDA
    Similarity Rank: 1590
    Seacoast National Bank
    Similarity Rank: 1736
    DYBN FINANCIAL CORP.
    Similarity Rank: 3248
    Chicago Mortgage Solutions LLC
    Similarity Rank: 3402
    CLEARPATH LENDING
    Similarity Rank: 4200
    FirstBank
    Similarity Rank: 4806
    SPACE COAST Credit Union
    Similarity Rank: 4860

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 311 $62,505,000 $200,981 $3,935 3.56%
    VA 2 $450,000 $225,000 $8,031 2.88%
    FHA 1 $225,000 $225,000 $7,824 2.88%

    For 2021, Community Credit Union Of Florida's most frequently originated type of loan was Conventional, with 311 originations. Their 2nd most popular type was VA, with 2 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 234 $46,280,000 $197,778 $4,089 3.20%
    Home Purchase 67 $16,325,000 $243,657 $4,260 4.18%
    Home Improvement 7 $305,000 $43,571 $505 6.67%
    Other 6 $270,000 $45,000 $390 6.58%

    For 2021, Community Credit Union Of Florida's most frequently cited loan purpose was Refi, with 234 originations. The 2nd most popular reason was Home Purchase, with 67 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 225 $47,845,000 $212,644 $4,157 3.65%
    15 Year 69 $9,835,000 $142,536 $3,248 3.32%
    20 Year 9 $1,355,000 $150,556 $3,554 3.01%
    10 Year 6 $780,000 $130,000 $3,269 2.90%
    30+ year 4 $3,350,000 $837,500 $9,137 3.69%
    3 Year 1 $15,000 $15,000 $318 4.99%

    For 2021, Community Credit Union Of Florida's most frequently cited loan duration was 30 Year, with 225 originations. The 2nd most popular length was 15 Year, with 69 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 222 $43,360,000 $195,315
    $2k-3k 40 $9,710,000 $242,750
    $3k-4k 19 $3,885,000 $204,474
    $<1k 16 $810,000 $50,625
    $5k+ 10 $4,050,000 $405,000
    $4k-5k 7 $1,365,000 $195,000

    Community Credit Union Of Florida's average total fees were $4,157, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 222 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 120 $28,000,000 $233,333
    2.5-3% 110 $20,080,000 $182,545
    4-5% 39 $7,555,000 $193,718
    <2.5% 31 $6,145,000 $198,226
    Over 8% 5 $485,000 $97,000
    5-6% 4 $660,000 $165,000
    7-8% 3 $185,000 $61,667
    6-7% 2 $70,000 $35,000

    During 2021, Community Credit Union Of Florida's average interest rate for loans was 3.65%, while their most frequently originated rate bucket for loans was 3-4%, with 120 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 128 $18,950,000 $148,047 $3,628 3.32%
    $200k-400k 106 $27,360,000 $258,113 $4,572 3.70%
    $100,000 or less 59 $3,985,000 $67,542 $2,479 3.89%
    $400k-600k 16 $7,850,000 $490,625 $5,555 3.24%
    $600k-1MM 3 $2,085,000 $695,000 $9,055 3.13%
    $1MM+ 2 $2,950,000 $1,475,000 $18,527 3.25%

    2021 saw Community Credit Union Of Florida place emphasis on $100k-200k loans with 128 originations, totaling $18,950,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 84 $13,860,000 $165,000 $3,776 3.46%
    $100k-150k 69 $14,575,000 $211,232 $3,925 3.49%
    $50k or less 68 $8,540,000 $125,588 $3,210 3.44%
    $75k-100k 60 $10,980,000 $183,000 $3,877 3.92%
    $150k-250k 22 $8,170,000 $371,364 $5,887 3.50%
    $250k+ 11 $7,055,000 $641,364 $7,201 3.34%

    Community Credit Union Of Florida lent most frequently to those with incomes in the $50k-75k range, with 84 originations. The second most popular income band? $100k-150k, with 69 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 78 $16,190,000 $207,564 $4,117 3.15%
    30-36% 68 $12,000,000 $176,471 $3,888 3.68%
    <20% 32 $7,320,000 $228,750 $4,011 3.25%
    43% 17 $3,585,000 $210,882 $4,487 3.60%
    42% 14 $2,650,000 $189,286 $3,900 3.50%
    41% 13 $3,285,000 $252,692 $4,256 3.46%
    45% 11 $1,355,000 $123,182 $2,881 4.38%
    37% 11 $2,315,000 $210,455 $3,892 5.38%
    38% 11 $2,655,000 $241,364 $4,814 3.48%
    39% 10 $1,840,000 $184,000 $3,636 3.23%
    40% 9 $1,875,000 $208,333 $3,730 4.06%
    36% 9 $1,705,000 $189,444 $3,901 3.31%
    44% 6 $1,110,000 $185,000 $3,281 3.27%
    46% 6 $1,400,000 $233,333 $3,904 4.00%
    49% 6 $1,430,000 $238,333 $4,878 3.31%
    47% 5 $815,000 $163,000 $2,897 3.65%
    48% 4 $680,000 $170,000 $4,000 3.22%
    50-60% 1 $655,000 $655,000 $7,649 2.50%

    Community Credit Union Of Florida lent most frequently to those with DTI ratios of 20-30%, with 78 originations. The next most common DTI ratio? 30-36%, with 68 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 280 $55,020,000 $196,500 $3,970 3.51%
    Asian 9 $4,665,000 $518,333 $6,307 3.32%
    Black 23 $3,355,000 $145,870 $3,316 3.97%
    Native Hawaiian or Islander 1 $115,000 $115,000 $2,857 3.00%
    Not applicable 1 $25,000 $25,000 $318 8.25%

    Approval Rates

    Total approvals of all applications
    84.19%

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

    Pick Rate

    Approvals leading to origination
    44.90%

    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
    NA 314 $63,180,000 $201,210

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    314 $63,180,000 $201,210

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 40 $4,270,000 $106,750 $2,924 3.20%
    40-60% 82 $16,110,000 $196,463 $3,629 3.02%
    60-80% 103 $24,015,000 $233,155 $4,706 3.26%
    80-100% 67 $16,155,000 $241,119 $4,449 4.19%
    Over 100% 8 $1,820,000 $227,500 $3,919 4.92%
    Under 20% 13 $545,000 $41,923 $1,163 6.13%

    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%