Community Credit Union Of Florida Mortgage Rates, Fees & Info

Rockledge, FL

LEI: 54930030C6U0HERIQ090

Tax ID: 59-0860768

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Community 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.

    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
    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






    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

    1,077

    Origination Dollar Volume (All Markets)

    $138,275,000

    Awards

    COMMUNITY CREDIT UNION OF FLORIDA 30 Year Conventional Loans silver
    Show all (1) awards

    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) 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%
    Community Credit Union Of Florida's top markets include Palm Bay, Orlando, Miami, Sebastian, and Deltona 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: 80
    SPACE COAST Credit Union
    Similarity Rank: 375
    TrustCo Bank
    Similarity Rank: 420
    COMMUNITY CREDIT UNION OF FLORIDA
    Similarity Rank: 1104
    SHELTER MORTGAGE COMPANY, L.L.C.
    Similarity Rank: 1725
    Third Federal Savings and Loan Association of Cleveland
    Similarity Rank: 1755
    DYBN FINANCIAL CORP.
    Similarity Rank: 2223
    Valley National Bank
    Similarity Rank: 2750
    Seacoast National Bank
    Similarity Rank: 2856
    Mortgage Lenders Investment Trading Corporation
    Similarity Rank: 3168

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    HELOC 717 $72,995,000 $101,806 n/a 5.45%
    Conventional 355 $63,915,000 $180,042 $2,832 5.48%
    VA 5 $1,365,000 $273,000 $5,914 4.50%

    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.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 461 $45,795,000 $99,338 $575 5.47%
    Other 339 $30,485,000 $89,926 $527 5.89%
    Refi 168 $31,210,000 $185,774 $3,940 4.70%
    Home Purchase 106 $30,400,000 $286,792 $4,903 5.22%
    Cash Out Refi 3 $385,000 $128,333 $3,129 3.88%

    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.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 954 $120,750,000 $126,572 $3,348 5.49%
    15 Year 97 $9,235,000 $95,206 $1,359 5.36%
    20 Year 8 $1,260,000 $157,500 $3,042 4.25%
    30+ year 7 $5,795,000 $827,857 $8,287 5.14%
    Other 7 $845,000 $120,714 $304 4.64%
    10 Year 4 $390,000 $97,500 $2,323 3.56%

    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
    $<1k 152 $12,560,000 $82,632
    $1k-2k 151 $33,215,000 $219,967
    $2k-3k 30 $10,560,000 $352,000
    $5k+ 10 $4,390,000 $439,000
    $3k-4k 7 $1,425,000 $203,571
    $4k-5k 7 $2,935,000 $419,286

    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.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 312 $44,790,000 $143,558
    3-4% 177 $29,245,000 $165,226
    4-5% 165 $18,515,000 $112,212
    6-7% 133 $14,615,000 $109,887
    7-8% 102 $10,890,000 $106,765
    Over 8% 92 $7,670,000 $83,370
    2.5-3% 90 $11,700,000 $130,000
    <2.5% 6 $850,000 $141,667

    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.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 550 $31,670,000 $57,582 $821 5.75%
    $100k-200k 316 $41,130,000 $130,158 $2,824 5.25%
    $200k-400k 185 $48,145,000 $260,243 $4,497 4.97%
    $400k-600k 16 $7,270,000 $454,375 $6,305 5.27%
    $600k-1MM 7 $5,245,000 $749,286 $7,909 4.64%
    $1MM+ 3 $4,815,000 $1,605,000 $15,253 4.25%

    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.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 259 $33,335,000 $128,707 $2,461 5.54%
    $50k-75k 239 $23,875,000 $99,895 $2,716 5.52%
    $75k-100k 222 $24,060,000 $108,378 $2,995 5.54%
    $150k-250k 172 $29,020,000 $168,721 $3,244 5.25%
    $50k or less 119 $10,025,000 $84,244 $2,489 5.28%
    $250k+ 56 $16,500,000 $294,643 $5,664 5.38%

    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

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 235 $30,775,000 $130,957 $3,428 5.19%
    30-36% 184 $21,900,000 $119,022 $2,951 5.40%
    <20% 112 $15,200,000 $135,714 $3,414 4.77%
    50-60% 45 $4,665,000 $103,667 $1,337 5.86%
    37% 39 $6,055,000 $155,256 $3,030 5.64%
    36% 38 $5,850,000 $153,947 $2,995 5.85%
    39% 37 $4,235,000 $114,459 $2,922 5.79%
    42% 34 $4,960,000 $145,882 $3,053 5.26%
    41% 32 $4,850,000 $151,563 $2,499 5.34%
    40% 30 $3,880,000 $129,333 $3,106 5.45%
    46% 29 $4,185,000 $144,310 $2,792 6.00%
    43% 29 $5,095,000 $175,690 $5,584 5.70%
    38% 28 $3,290,000 $117,500 $3,106 5.45%
    45% 28 $3,190,000 $113,929 $2,199 5.87%
    47% 25 $4,305,000 $172,200 $3,471 5.80%
    49% 25 $3,015,000 $120,600 $1,822 5.90%
    44% 24 $2,980,000 $124,167 $2,598 6.02%
    48% 20 $2,250,000 $112,500 $1,271 6.07%
    >60% 3 $375,000 $125,000 $0 7.17%

    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.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 857 $114,785,000 $133,938 $3,046 5.39%
    Not provided 101 $9,745,000 $96,485 $468 5.60%
    Black 58 $7,870,000 $135,690 $3,717 5.88%
    Not applicable 37 $3,125,000 $84,459 $685 5.58%
    Asian 11 $1,245,000 $113,182 $2,572 5.39%
    American Indian 7 $975,000 $139,286 $2,157 6.00%
    Native Hawaiian or Islander 5 $425,000 $85,000 $1,046 6.80%
    Asian Indian 1 $105,000 $105,000 $0 6.75%

    Approval Rates

    Total approvals of all applications
    86.43%

    Community Credit Union Of Florida has an average approval rate.

    Pick Rate

    Approvals leading to origination
    70.84%

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

    Points and Fees

    Points Originations Total Value Average Loan
    NA 1,077 $138,275,000 $128,389

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    1,077 $138,275,000 $128,389

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 409 $47,395,000 $115,880 $1,483 5.41%
    40-60% 100 $18,930,000 $189,300 $3,616 5.11%
    60-80% 92 $26,970,000 $293,152 $5,343 4.71%
    80-100% 68 $18,710,000 $275,147 $4,761 5.20%
    Over 100% 6 $1,960,000 $326,667 $6,165 6.56%
    Under 20% 402 $24,310,000 $60,473 $551 5.78%

    Complaints

    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%