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 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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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
---|---|---|
Home Equity Line of Credit (HELOC) | 6.54% | 9/1/24 |
30 Year Conventional Purchase | 6.88% | 9/1/24 |
30 Year Conventional Refi | 6.24% | 9/1/24 |
30 Year Cash-out Refi | 6.06% | 9/1/24 |
30 Year FHA Purchase | 6.62% | 9/1/24 |
30 Year VA Purchase | 5.82% | 9/1/24 |
30 Year VA Refi | 5.63% | 9/1/24 |
15 Year Conventional Purchase | 5.75% | 9/1/24 |
15 Year Conventional Refi | 5.81% | 9/1/24 |
15 Year Cash-out Refi | 5.81% | 9/1/24 |
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
1,077Origination Dollar Volume (All Markets)
$138,275,000COMMUNITY CREDIT UNION OF FLORIDA - 2022
COMMUNITY CREDIT UNION OF FLORIDA is a 2022 , due to their low .
For 2022, less than of lenders were eligible for this award.
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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% |
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.
Similarity Rank: 80
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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
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
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
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
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
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
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.
Ethnicity Mix
Approval Rates
Total approvals of all applications86.43%
Community Credit Union Of Florida has an average approval rate.
Pick Rate
Approvals leading to origination70.84%
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 |
LTV Distribution
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% |