1st Community Credit Union Mortgage Rates, Fees & Info

Sparta, WI

LEI: 5493006FUC5WGWNUXC12

Tax ID: 39-6049882

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

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • 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

    1st Community Credit Union is a smaller credit union specializing in Cash Out Refi and Refi loans. 1st Community Credit Union 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: La Crosse, Fond Du Lac, and Rochester 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. 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.

    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
    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






    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

    243

    Origination Dollar Volume (All Markets)

    $29,525,000

    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
    Outside of Metro Areas 184 $22,500,000 $122,283 $1,185 3.89%
    LA CROSSE-ONALASKA, WI-MN (FHA|USDA|VA) 57 $6,865,000 $120,439 $1,072 4.59%
    FOND DU LAC, WI (FHA|USDA|VA) 1 $85,000 $85,000 $0 5.25%
    ROCHESTER, MN (FHA|USDA|VA) 1 $75,000 $75,000 $1,715 3.75%
    1st Community Credit Union's top markets include La Crosse, Fond Du Lac, and Rochester among others.

    Their top states include:
  • Wisconsin (FHA|USDA|VA)
  • Minnesota (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 242 $29,480,000 $121,818 $1,159 4.06%
    FHA 1 $45,000 $45,000 $0 4.25%

    For 2020, 1st Community Credit Union's most frequently originated type of loan was Conventional, with 242 originations. Their 2nd most popular type was FHA, with 1 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 99 $13,295,000 $134,293 $1,193 3.49%
    Refi 89 $11,395,000 $128,034 $1,077 4.22%
    Home Purchase 42 $4,300,000 $102,381 $1,391 5.07%
    Other 12 $360,000 $30,000 $358 4.33%
    Home Improvement 1 $175,000 $175,000 $2,575 1.49%

    For 2020, 1st Community Credit Union's most frequently cited loan purpose was Cash Out Refi, with 99 originations. The 2nd most popular reason was Refi, with 89 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 115 $15,665,000 $136,217 $1,194 4.04%
    10 Year 41 $4,415,000 $107,683 $1,170 2.91%
    3 Year 41 $4,135,000 $100,854 $910 5.02%
    15 Year 36 $4,610,000 $128,056 $1,300 3.21%
    5 Year 9 $375,000 $41,667 $164 8.53%
    30 Year 1 $325,000 $325,000 $0 4.50%

    For 2020, 1st Community Credit Union's most frequently cited loan duration was Other, with 115 originations. The 2nd most popular length was 10 Year, with 41 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 199 $25,905,000 $130,176

    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 199 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 137 $19,685,000 $143,686
    2.5-3% 33 $3,735,000 $113,182
    4-5% 33 $3,105,000 $94,091
    5-6% 19 $1,695,000 $89,211
    Over 8% 13 $325,000 $25,000
    <2.5% 4 $790,000 $197,500
    6-7% 1 $15,000 $15,000

    During 2020, 1st Community Credit Union's average interest rate for loans was 4.50%, while their most frequently originated rate bucket for loans was 3-4%, with 137 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 124 $7,010,000 $56,532 $930 4.51%
    $100k-200k 81 $11,255,000 $138,951 $1,310 3.59%
    $200k-400k 31 $8,025,000 $258,871 $1,376 3.62%
    $400k-600k 7 $3,235,000 $462,143 $1,858 3.45%

    2020 saw 1st Community Credit Union place emphasis on $100,000 or less loans with 124 originations, totaling $7,010,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 63 $4,935,000 $78,333 $1,076 4.56%
    $50k-75k 52 $6,100,000 $117,308 $1,139 3.85%
    $100k-150k 48 $7,820,000 $162,917 $1,240 3.66%
    $75k-100k 40 $4,520,000 $113,000 $1,137 3.61%
    $150k-250k 10 $2,080,000 $208,000 $1,258 3.41%
    $250k+ 3 $725,000 $241,667 $1,085 3.08%

    1st Community Credit Union lent most frequently to those with incomes in the $50k or less range, with 63 originations. The second most popular income band? $50k-75k, with 52 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 51 $6,185,000 $121,275 $1,234 3.72%
    <20% 34 $2,390,000 $70,294 $689 5.72%
    30-36% 32 $3,890,000 $121,563 $1,282 3.53%
    43% 10 $1,340,000 $134,000 $1,335 3.34%
    39% 9 $1,455,000 $161,667 $1,197 3.46%
    40% 8 $1,580,000 $197,500 $1,277 3.69%
    41% 7 $545,000 $77,857 $898 4.04%
    37% 7 $925,000 $132,143 $1,151 3.34%
    50-60% 7 $1,305,000 $186,429 $1,244 3.14%
    47% 6 $720,000 $120,000 $1,054 3.71%
    44% 6 $960,000 $160,000 $1,140 3.71%
    48% 5 $705,000 $141,000 $1,264 3.43%
    >60% 4 $540,000 $135,000 $1,191 3.25%
    36% 4 $630,000 $157,500 $1,338 3.41%
    38% 4 $420,000 $105,000 $1,127 2.91%
    42% 4 $380,000 $95,000 $1,038 3.88%
    49% 4 $770,000 $192,500 $1,450 3.53%
    45% 3 $295,000 $98,333 $1,108 3.46%
    46% 1 $475,000 $475,000 $2,187 2.63%

    1st Community Credit Union lent most frequently to those with DTI ratios of 20-30%, with 51 originations. The next most common DTI ratio? <20%, with 34 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 204 $24,700,000 $121,078 $1,150 3.95%
    Not applicable 27 $3,345,000 $123,889 $3,159 5.05%
    Not provided 12 $1,480,000 $123,333 $1,132 3.65%

    Approval Rates

    Total approvals of all applications
    84.35%

    1st Community Credit Union has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    48.97%

    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
    178.76 1 $15,000 $15,000
    NA 242 $29,510,000 $121,942

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 30 $1,910,000 $63,667
    Single Family (1-4 Units):Site-Built 213 $27,615,000 $129,648

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 24 $1,400,000 $58,333 $1,010 3.51%
    40-60% 47 $6,945,000 $147,766 $1,182 3.56%
    60-80% 86 $12,790,000 $148,721 $1,258 4.07%
    80-100% 67 $7,895,000 $117,836 $1,254 4.53%
    Under 20% 17 $425,000 $25,000 $519 4.15%