1st Community Credit Union Mortgage Rates, Fees & Info
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Tax ID: 39-6049882
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Mortgage Data
Review & Overview
1st Community Credit Union is a smaller credit union specializing in Home Purchase, Cash Out Refi, and Refi loans. 1st Community Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: La Crosse, Baraboo, and Madison among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)1st Community Credit Union 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.
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 |
|---|---|---|
| 30 Year Conventional Purchase | 6.40% | 11/17/24 |
| 30 Year Conventional Refi | 6.52% | 11/17/24 |
| 30 Year Cash-out Refi | 7.35% | 11/17/24 |
| 30 Year VA Purchase | 6.09% | 11/17/24 |
| 30 Year USDA Purchase | 6.27% | 11/17/24 |
| 15 Year Conventional Purchase | 6.36% | 11/17/24 |
| 15 Year Conventional Refi | 6.63% | 11/17/24 |
| 15 Year Cash-out Refi | 6.63% | 11/17/24 |
| 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. | ||
1st Community Credit Union Mortgage Calculator
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This is not an official calculator from 1st Community Credit Union. It uses our SimulatedRate™
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
120Origination Dollar Volume (All Markets)
$10,970,000Top 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 |
|---|---|---|---|---|---|
| Outside of Metro Areas | 94 | $9,000,000 | $95,745 | $1,103 | 8.35% |
| LA CROSSE-ONALASKA, WI-MN (FHA|USDA|VA) | 24 | $1,860,000 | $77,500 | $1,252 | 11.13% |
| Baraboo, WI (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $735 | 8.50% |
| MADISON, WI (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $1,041 | 8.25% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 120 | $10,970,000 | $91,417 | $1,111 | 8.91% |
For 2023, 1st Community Credit Union's most frequently originated type of loan was Conventional, with 120 originations.
Loan Reason
For 2023, 1st Community Credit Union's most frequently cited loan purpose was Home Purchase, with 45 originations. The 2nd most popular reason was Cash Out Refi, with 32 originations.
Loan Duration/Length
For 2023, 1st Community Credit Union's most frequently cited loan duration was Other, with 94 originations. The 2nd most popular length was 3 Year, with 18 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 74 | $7,540,000 | $101,892 |
1st Community Credit Union's average total fees were $0, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 74 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 7-8% | 58 | $4,780,000 | $82,414 |
| Over 8% | 49 | $3,965,000 | $80,918 |
| 6-7% | 12 | $1,690,000 | $140,833 |
| 5-6% | 1 | $535,000 | $535,000 |
During 2023, 1st Community Credit Union's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 7-8%, with 58 originations.
Loan Sizing
2023 saw 1st Community Credit Union place emphasis on $100,000 or less loans with 78 originations, totaling $3,460,000 in origination value.
Applicant Income
1st Community Credit Union lent most frequently to those with incomes in the $50k or less range, with 36 originations. The second most popular income band? $50k-75k, with 27 originations.
Applicant Debt to Income Ratio
1st Community Credit Union lent most frequently to those with DTI ratios of 50-60%, with 19 originations. The next most common DTI ratio? 30-36%, with 18 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications86.73%
1st Community Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination58.33%
1st Community Credit Union 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 |
|---|---|---|---|
| 104.06 | 1 | $55,000 | $55,000 |
| 105.86 | 1 | $35,000 | $35,000 |
| 108.26 | 1 | $45,000 | $45,000 |
| 122.99 | 1 | $15,000 | $15,000 |
| 127.25 | 1 | $45,000 | $45,000 |
| 127.52 | 1 | $25,000 | $25,000 |
| 139.52 | 1 | $25,000 | $25,000 |
| 143.51 | 1 | $45,000 | $45,000 |
| 143.75 | 1 | $25,000 | $25,000 |
| 146.93 | 1 | $135,000 | $135,000 |
| 147.26 | 1 | $25,000 | $25,000 |
| 150.5 | 1 | $55,000 | $55,000 |
| 153.02 | 1 | $35,000 | $35,000 |
| 177.09 | 1 | $85,000 | $85,000 |
| 179.57 | 1 | $25,000 | $25,000 |
| 189.26 | 1 | $55,000 | $55,000 |
| 190.76 | 1 | $85,000 | $85,000 |
| 213.5 | 1 | $65,000 | $65,000 |
| 238.9 | 1 | $35,000 | $35,000 |
| 243.05 | 1 | $25,000 | $25,000 |
| 300.5 | 1 | $35,000 | $35,000 |
| 308.75 | 1 | $35,000 | $35,000 |
| 315.5 | 1 | $15,000 | $15,000 |
| 372.67 | 1 | $15,000 | $15,000 |
| 463.09 | 1 | $5,000 | $5,000 |
| 523.9 | 1 | $25,000 | $25,000 |
| NA | 94 | $9,900,000 | $105,319 |