Community Credit Union Of Florida Mortgage Rates, Fees & Info

Rockledge, FL

LEI: 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 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, Deltona, Orlando, Lakeland, and Key West among others. We have data for 9 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 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.

Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
Home Equity Line of Credit (HELOC) 6.54% 3/28/24
30 Year Conventional Purchase 6.88% 3/28/24
30 Year Conventional Refi 6.24% 3/28/24
30 Year Cash-out Refi 6.06% 3/28/24
30 Year FHA Purchase 6.62% 3/28/24
30 Year VA Purchase 5.82% 3/28/24
30 Year VA Refi 5.63% 3/28/24
15 Year Conventional Purchase 5.75% 3/28/24
15 Year Conventional Refi 5.81% 3/28/24
15 Year Cash-out Refi 5.81% 3/28/24
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

221

Origination Dollar Volume (All Markets)

$33,675,000

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) 208 $31,450,000 $151,202 $3,053 4.87%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 2 $500,000 $250,000 $3,901 6.44%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 4 $490,000 $122,500 $2,137 4.94%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 2 $400,000 $200,000 $3,835 3.88%
Key West, FL (FHA|USDA|VA) 1 $395,000 $395,000 $12,096 4.38%
OCALA, FL (FHA|USDA|VA) 1 $215,000 $215,000 $3,726 3.88%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 1 $95,000 $95,000 $1,176 9.50%
HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 1 $65,000 $65,000 $2,960 3.63%
Sebastian-Vero Beach, FL (FHA|USDA|VA) 1 $65,000 $65,000 $199 6.75%
Community Credit Union Of Florida's top markets include Palm Bay, Deltona, Orlando, Lakeland, and Key West among others.

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

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 215 $32,195,000 $149,744 $2,939 4.92%
    FHA 3 $785,000 $261,667 $8,760 4.21%
    VA 3 $695,000 $231,667 $8,692 3.79%

    For 2019, Community Credit Union Of Florida's most frequently originated type of loan was Conventional, with 215 originations. Their 2nd most popular type was FHA, with 3 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 93 $14,115,000 $151,774 $3,119 4.24%
    Home Purchase 85 $17,105,000 $201,235 $4,095 4.88%
    Other 24 $1,090,000 $45,417 $544 6.95%
    Home Improvement 14 $850,000 $60,714 $498 5.87%
    Cash Out Refi 5 $515,000 $103,000 $1,717 5.00%

    For 2019, Community Credit Union Of Florida's most frequently cited loan purpose was Refi, with 93 originations. The 2nd most popular reason was Home Purchase, with 85 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 126 $22,270,000 $176,746 $3,810 4.96%
    15 Year 49 $4,625,000 $94,388 $1,832 5.36%
    10 Year 28 $2,120,000 $75,714 $738 4.09%
    30+ year 9 $3,215,000 $357,222 $6,756 4.89%
    20 Year 8 $1,330,000 $166,250 $3,350 3.89%
    Other 1 $115,000 $115,000 $2,529 4.38%

    For 2019, Community Credit Union Of Florida's most frequently cited loan duration was 30 Year, with 126 originations. The 2nd most popular length was 15 Year, with 49 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 126 $22,700,000 $180,159
    $<1k 64 $3,920,000 $61,250
    $2k-3k 15 $3,765,000 $251,000
    $5k+ 5 $1,475,000 $295,000
    $3k-4k 4 $1,210,000 $302,500
    $4k-5k 1 $225,000 $225,000

    Community Credit Union Of Florida's average total fees were $3,810, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 126 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 81 $13,325,000 $164,506
    3-4% 61 $9,435,000 $154,672
    5-6% 29 $5,075,000 $175,000
    6-7% 29 $4,505,000 $155,345
    Over 8% 9 $565,000 $62,778
    7-8% 8 $350,000 $43,750
    2.5-3% 3 $345,000 $115,000
    <2.5% 1 $75,000 $75,000

    During 2019, Community Credit Union Of Florida's average interest rate for loans was 4.96%, while their most frequently originated rate bucket for loans was 4-5%, with 81 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 91 $5,645,000 $62,033 $1,317 5.20%
    $100k-200k 73 $10,895,000 $149,247 $3,480 4.77%
    $200k-400k 49 $13,175,000 $268,878 $5,055 4.61%
    $400k-600k 7 $3,235,000 $462,143 $5,583 4.34%
    $600k-1MM 1 $725,000 $725,000 $8,566 5.25%

    2019 saw Community Credit Union Of Florida place emphasis on $100,000 or less loans with 91 originations, totaling $5,645,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 64 $8,270,000 $129,219 $3,009 4.93%
    $50k or less 52 $4,820,000 $92,692 $2,316 4.70%
    $75k-100k 42 $6,210,000 $147,857 $3,207 5.03%
    $100k-150k 40 $7,340,000 $183,500 $3,282 4.90%
    $150k-250k 19 $5,685,000 $299,211 $4,493 5.04%
    $250k+ 3 $1,225,000 $408,333 $4,637 3.42%

    Community Credit Union Of Florida lent most frequently to those with incomes in the $50k-75k range, with 64 originations. The second most popular income band? $50k or less, with 52 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 56 $8,490,000 $151,607 $2,856 4.52%
    30-36% 47 $7,855,000 $167,128 $2,954 4.82%
    <20% 13 $1,375,000 $105,769 $3,161 3.99%
    38% 11 $2,605,000 $236,818 $4,206 4.70%
    39% 10 $1,730,000 $173,000 $2,981 5.47%
    37% 9 $1,275,000 $141,667 $4,687 5.33%
    41% 9 $1,045,000 $116,111 $2,234 4.65%
    50-60% 9 $785,000 $87,222 $1,775 5.83%
    44% 8 $740,000 $92,500 $2,049 5.94%
    36% 8 $1,590,000 $198,750 $3,763 4.69%
    40% 8 $1,560,000 $195,000 $4,354 5.47%
    47% 6 $850,000 $141,667 $2,577 5.81%
    43% 6 $1,030,000 $171,667 $4,077 4.46%
    42% 5 $815,000 $163,000 $2,926 4.93%
    46% 5 $595,000 $119,000 $3,178 5.53%
    48% 3 $515,000 $171,667 $5,777 3.71%
    49% 2 $260,000 $130,000 $3,498 3.56%
    45% 2 $170,000 $85,000 $636 6.87%
    >60% 2 $200,000 $100,000 $1,919 5.94%

    Community Credit Union Of Florida lent most frequently to those with DTI ratios of 20-30%, with 56 originations. The next most common DTI ratio? 30-36%, with 47 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 202 $31,540,000 $156,139 $3,176 4.82%
    Black 12 $1,580,000 $131,667 $2,601 4.99%
    Asian 1 $215,000 $215,000 $3,726 3.88%
    Not applicable 2 $190,000 $95,000 $900 7.63%
    Not provided 3 $115,000 $38,333 $493 8.08%
    Other Asian 1 $35,000 $35,000 $318 6.25%

    Approval Rates

    Total approvals of all applications
    89.09%

    Community Credit Union Of Florida has an average approval rate.

    Pick Rate

    Approvals leading to origination
    64.71%

    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 221 $33,675,000 $152,376

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 221 $33,675,000 $152,376

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 41 $2,765,000 $67,439 $1,060 5.13%
    40-60% 42 $5,640,000 $134,286 $2,989 4.22%
    60-80% 39 $7,625,000 $195,513 $3,669 4.25%
    80-100% 65 $14,405,000 $221,615 $4,716 4.88%
    Over 100% 11 $2,285,000 $207,727 $3,671 5.98%
    Under 20% 23 $955,000 $41,522 $557 6.33%

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    Community Loan Fund of New Jersey, Inc Conventional home mortgage Trouble during payment process 1 100.0%