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 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, Deltona, Lakeland, and Sebastian 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 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 6.54% | 11/21/24 |
| 30 Year Conventional Purchase | 6.88% | 11/21/24 |
| 30 Year Conventional Refi | 6.24% | 11/21/24 |
| 30 Year Cash-out Refi | 6.06% | 11/21/24 |
| 30 Year FHA Purchase | 6.62% | 11/21/24 |
| 30 Year VA Purchase | 5.82% | 11/21/24 |
| 30 Year VA Refi | 5.63% | 11/21/24 |
| 15 Year Conventional Purchase | 5.75% | 11/21/24 |
| 15 Year Conventional Refi | 5.81% | 11/21/24 |
| 15 Year Cash-out Refi | 5.81% | 11/21/24 |
| 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
295Origination Dollar Volume (All Markets)
$52,105,000Top 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) | 276 | $47,660,000 | $172,681 | $3,128 | 3.69% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 7 | $1,895,000 | $270,714 | $3,361 | 4.07% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 3 | $625,000 | $208,333 | $4,849 | 3.54% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $4,773 | 2.50% |
| Sebastian-Vero Beach, FL (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $3,416 | 4.00% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 2 | $270,000 | $135,000 | $2,630 | 2.94% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $3,880 | 3.00% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $3,501 | 3.75% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $6,322 | 2.63% |
| GAINESVILLE, FL (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $3,577 | 3.13% |
| TALLAHASSEE, FL (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $2,703 | 2.63% |
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
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 289 | $50,555,000 | $174,931 | $3,128 | 3.69% |
| VA | 4 | $1,060,000 | $265,000 | $3,761 | 3.34% |
| FHA | 2 | $490,000 | $245,000 | $7,957 | 3.25% |
For 2020, Community Credit Union Of Florida's most frequently originated type of loan was Conventional, with 289 originations. Their 2nd most popular type was VA, with 4 originations.
Loan Reason
For 2020, Community Credit Union Of Florida's most frequently cited loan purpose was Refi, with 209 originations. The 2nd most popular reason was Home Purchase, with 66 originations.
Loan Duration/Length
For 2020, Community Credit Union Of Florida's most frequently cited loan duration was 30 Year, with 179 originations. The 2nd most popular length was 15 Year, with 72 originations.
Origination Fees/Closing Costs
Community Credit Union Of Florida's average total fees were $3,760, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 207 originations.
Interest Rates
During 2020, Community Credit Union Of Florida's average interest rate for loans was 3.72%, while their most frequently originated rate bucket for loans was 3-4%, with 150 originations.
Loan Sizing
2020 saw Community Credit Union Of Florida place emphasis on $100k-200k loans with 114 originations, totaling $16,320,000 in origination value.
Applicant Income
Community Credit Union Of Florida lent most frequently to those with incomes in the $100k-150k range, with 71 originations. The second most popular income band? $50k-75k, with 62 originations.
Applicant Debt to Income Ratio
Community Credit Union Of Florida lent most frequently to those with DTI ratios of 20-30%, with 88 originations. The next most common DTI ratio? 30-36%, with 59 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications82.44%
Community Credit Union Of Florida has a below average approval rate.
Pick Rate
Approvals leading to origination47.80%
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 | 295 | $52,105,000 | $176,627 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Site-Built | 295 | $52,105,000 | $176,627 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2020 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| COMMUNITY BANK SYSTEM, INC. | Conventional home mortgage | Struggling to pay mortgage | 1 | 33.3% |
| COMMUNITY BANK SYSTEM, INC. | Conventional home mortgage | Trouble during payment process | 1 | 33.3% |
| COMMUNITY BANK SYSTEM, INC. | Other type of mortgage | Closing on a mortgage | 1 | 33.3% |