1st Community Credit Union Mortgage Rates, Fees & Info
Sparta, WILEI: 5493006FUC5WGWNUXC12
Tax ID: 39-6049882
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
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 (well, only) market is La Crosse.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.
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 |
|---|---|---|
| 30 Year Conventional Purchase | 6.40% | 11/22/24 |
| 30 Year Conventional Refi | 6.52% | 11/22/24 |
| 30 Year Cash-out Refi | 7.35% | 11/22/24 |
| 30 Year VA Purchase | 6.09% | 11/22/24 |
| 30 Year USDA Purchase | 6.27% | 11/22/24 |
| 15 Year Conventional Purchase | 6.36% | 11/22/24 |
| 15 Year Conventional Refi | 6.63% | 11/22/24 |
| 15 Year Cash-out Refi | 6.63% | 11/22/24 |
| 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
Your Estimates
Estimated Loan Payment: Update the calculator values and click calculate payment!
This is not an official calculator from 1st Community Credit Union. 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
118Origination Dollar Volume (All Markets)
$10,690,000Top 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 | 82 | $7,260,000 | $88,537 | $990 | 5.80% |
| LA CROSSE-ONALASKA, WI-MN (FHA|USDA|VA) | 36 | $3,430,000 | $95,278 | $742 | 6.56% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 118 | $10,690,000 | $90,593 | $907 | 6.03% |
For 2018, 1st Community Credit Union's most frequently originated type of loan was Conventional, with 118 originations.
Loan Reason
For 2018, 1st Community Credit Union's most frequently cited loan purpose was Home Purchase, with 53 originations. The 2nd most popular reason was Cash Out Refi, with 32 originations.
Loan Duration/Length
For 2018, 1st Community Credit Union's most frequently cited loan duration was Other, with 74 originations. The 2nd most popular length was 3 Year, with 28 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 69 | $6,665,000 | $96,594 |
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 69 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 5-6% | 60 | $5,930,000 | $98,833 |
| 4-5% | 34 | $4,220,000 | $124,118 |
| Over 8% | 18 | $260,000 | $14,444 |
| 6-7% | 4 | $190,000 | $47,500 |
| 7-8% | 2 | $90,000 | $45,000 |
During 2018, 1st Community Credit Union's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 5-6%, with 60 originations.
Loan Sizing
2018 saw 1st Community Credit Union place emphasis on $100,000 or less loans with 77 originations, totaling $3,585,000 in origination value.
Applicant Income
1st Community Credit Union lent most frequently to those with incomes in the $50k or less range, with 59 originations. The second most popular income band? $50k-75k, with 23 originations.
Applicant Debt to Income Ratio
1st Community Credit Union lent most frequently to those with DTI ratios of 20-30%, with 16 originations. The next most common DTI ratio? <20%, with 13 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications88.34%
1st Community Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination34.75%
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 |
|---|---|---|---|
| NA | 118 | $10,690,000 | $90,593 |