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. Their top two markets are La Crosse and Winona .

    1st Community Credit Union has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. 1st Community Credit Union 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 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.

    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% 11/21/24
    30 Year Conventional Refi 6.52% 11/21/24
    30 Year Cash-out Refi 7.35% 11/21/24
    30 Year VA Purchase 6.09% 11/21/24
    30 Year USDA Purchase 6.27% 11/21/24
    15 Year Conventional Purchase 6.36% 11/21/24
    15 Year Conventional Refi 6.63% 11/21/24
    15 Year Cash-out Refi 6.63% 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.

    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

    296

    Origination Dollar Volume (All Markets)

    $32,730,000

    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 222 $25,300,000 $113,964 $1,156 3.67%
    LA CROSSE-ONALASKA, WI-MN (FHA|USDA|VA) 73 $7,225,000 $98,973 $1,002 4.95%
    Winona, MN (FHA|USDA|VA) 1 $205,000 $205,000 $1,301 2.88%
    1st Community Credit Union's top markets include La Crosse and Winona 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 296 $32,730,000 $110,574 $1,119 3.99%

    For 2021, 1st Community Credit Union's most frequently originated type of loan was Conventional, with 296 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 150 $19,230,000 $128,200 $1,184 3.25%
    Refi 81 $7,715,000 $95,247 $943 4.36%
    Home Purchase 60 $5,630,000 $93,833 $1,254 5.09%
    Other 5 $155,000 $31,000 $392 6.78%

    For 2021, 1st Community Credit Union's most frequently cited loan purpose was Cash Out Refi, with 150 originations. The 2nd most popular reason was Refi, with 81 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 129 $14,715,000 $114,070 $1,047 5.03%
    15 Year 90 $11,700,000 $130,000 $1,281 2.83%
    10 Year 50 $4,100,000 $82,000 $1,123 2.44%
    3 Year 22 $2,120,000 $96,364 $994 4.90%
    5 Year 4 $40,000 $10,000 $72 10.61%
    30 Year 1 $55,000 $55,000 $1,575 4.50%

    For 2021, 1st Community Credit Union's most frequently cited loan duration was Other, with 129 originations. The 2nd most popular length was 15 Year, with 90 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 274 $31,790,000 $116,022

    1st Community Credit Union's average total fees were $1,575, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 274 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 93 $11,645,000 $125,215
    3-4% 91 $13,495,000 $148,297
    <2.5% 41 $3,855,000 $94,024
    4-5% 39 $2,995,000 $76,795
    Over 8% 29 $695,000 $23,966
    6-7% 2 $20,000 $10,000
    5-6% 1 $25,000 $25,000

    During 2021, 1st Community Credit Union's average interest rate for loans was 4.50%, while their most frequently originated rate bucket for loans was 2.5-3%, with 93 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 162 $9,220,000 $56,914 $911 4.54%
    $100k-200k 95 $13,095,000 $137,842 $1,335 3.31%
    $200k-400k 37 $9,465,000 $255,811 $1,426 3.36%
    $400k-600k 2 $950,000 $475,000 $1,654 3.13%

    2021 saw 1st Community Credit Union place emphasis on $100,000 or less loans with 162 originations, totaling $9,220,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 95 $6,245,000 $65,737 $927 5.21%
    $50k-75k 64 $6,700,000 $104,688 $1,195 3.40%
    $75k-100k 61 $7,525,000 $123,361 $1,185 3.41%
    $100k-150k 58 $9,350,000 $161,207 $1,235 3.21%
    $150k-250k 4 $770,000 $192,500 $1,432 3.34%
    $250k+ 4 $680,000 $170,000 $1,341 3.50%

    1st Community Credit Union lent most frequently to those with incomes in the $50k or less range, with 95 originations. The second most popular income band? $50k-75k, with 64 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 68 $6,830,000 $100,441 $1,210 3.17%
    <20% 47 $2,005,000 $42,660 $545 7.13%
    30-36% 35 $3,715,000 $106,143 $1,187 3.59%
    50-60% 32 $5,420,000 $169,375 $1,311 3.28%
    39% 11 $1,755,000 $159,545 $1,002 3.67%
    47% 11 $1,055,000 $95,909 $1,045 3.45%
    44% 10 $990,000 $99,000 $1,476 3.19%
    41% 10 $1,090,000 $109,000 $1,220 3.34%
    45% 8 $1,590,000 $198,750 $1,333 3.34%
    36% 8 $940,000 $117,500 $1,093 3.22%
    37% 7 $555,000 $79,286 $1,258 3.02%
    48% 7 $1,025,000 $146,429 $1,358 3.30%
    42% 6 $710,000 $118,333 $1,118 3.33%
    46% 6 $910,000 $151,667 $1,365 3.33%
    40% 5 $1,055,000 $211,000 $1,373 3.18%
    >60% 5 $525,000 $105,000 $966 4.37%
    43% 4 $570,000 $142,500 $1,242 3.50%
    38% 4 $330,000 $82,500 $1,032 3.66%
    49% 2 $200,000 $100,000 $1,248 3.13%

    1st Community Credit Union lent most frequently to those with DTI ratios of 20-30%, with 68 originations. The next most common DTI ratio? <20%, with 47 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 282 $30,650,000 $108,688 $1,117 3.96%
    Not applicable 9 $1,375,000 $152,778 $1,209 4.56%
    Not provided 4 $440,000 $110,000 $1,065 5.02%
    American Indian 1 $265,000 $265,000 $1,408 2.63%

    Approval Rates

    Total approvals of all applications
    91.57%

    1st Community Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    64.19%

    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 296 $32,730,000 $110,574

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    296 $32,730,000 $110,574

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 46 $3,400,000 $73,913 $1,129 3.31%
    40-60% 55 $5,955,000 $108,273 $1,109 3.06%
    60-80% 98 $13,340,000 $136,122 $1,179 4.13%
    80-100% 76 $9,610,000 $126,447 $1,238 4.73%
    Under 20% 21 $425,000 $20,238 $441 4.53%