Community First Credit Union Mortgage Rates, Fees & Info
Santa Rosa, CALEI: 549300767F7CDUJR8Q67
Tax ID: 94-1541515
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Mortgage Data
Review & Overview
Community First Credit Union is a smaller credit union specializing in Cash Out Refi and Home Purchase loans. Community First Credit Union has a high proportion of conventional loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Santa Rosa, Clearlake, Ukiah, Napa, and San Francisco among others. We have data for 9 markets. (Some data included below & more in-depth data is available with an active subscription.)Community First 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. Community First Credit Union is typically an average 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) | 6.55% | 11/21/24 |
| 30 Year Conventional Purchase | 6.36% | 11/21/24 |
| 30 Year Conventional Refi | 5.90% | 11/21/24 |
| 30 Year Cash-out Refi | 5.72% | 11/21/24 |
| 30 Year FHA Purchase | 6.27% | 11/21/24 |
| 15 Year Conventional Purchase | 8.18% | 11/21/24 |
| 15 Year Conventional Refi | 7.04% | 11/21/24 |
| 15 Year Cash-out Refi | 7.04% | 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. | ||
Community First Credit Union Mortgage Calculator
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This is not an official calculator from Community First 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
147Origination Dollar Volume (All Markets)
$16,915,000Relative Rate
Community First Credit Union's average 30 year fixed mortgage rate was
7.53%.
The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.
This yields a difference of 1.05%.
Relative Fees (Closing Costs)
Community First Credit Union's average total fees/closing costs for a 30 year fixed rate
mortgage were $7,352.
The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including
both points & up-front fees in addition to origination fees) were $9,089.
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 |
|---|---|---|---|---|---|
| SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) | 75 | $10,825,000 | $144,333 | $2,531 | 7.56% |
| Clearlake, CA (FHA|USDA|VA) | 38 | $2,330,000 | $61,316 | $1,756 | 7.72% |
| Ukiah, CA (FHA|USDA|VA) | 17 | $1,775,000 | $104,412 | $1,364 | 7.35% |
| NAPA, CA (FHA|USDA|VA) | 7 | $865,000 | $123,571 | $0 | 7.18% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 5 | $725,000 | $145,000 | $1,195 | 7.50% |
| Outside of Metro Areas | 1 | $155,000 | $155,000 | $0 | 7.50% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 2 | $140,000 | $70,000 | $1,263 | 8.88% |
| REDDING, CA (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 6.50% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 8.00% |
Their top states include:
Similar Lenders
We use machine learning to identify the top lenders compared against COMMUNITY FIRST CREDIT UNION based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 107 | $12,625,000 | $117,991 | $1,974 | 7.16% |
| HELOC | 39 | $4,165,000 | $106,795 | n/a | 8.73% |
| USDA | 1 | $125,000 | $125,000 | $0 | 6.50% |
For 2023, Community First Credit Union's most frequently originated type of loan was Conventional, with 107 originations. Their 2nd most popular type was HELOC, with 39 originations.
Loan Reason
For 2023, Community First Credit Union's most frequently cited loan purpose was Cash Out Refi, with 109 originations. The 2nd most popular reason was Home Purchase, with 36 originations.
Loan Duration/Length
For 2023, Community First Credit Union's most frequently cited loan duration was 15 Year, with 64 originations. The 2nd most popular length was 20 Year, with 52 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 5 | $325,000 | $65,000 |
| $1k-2k | 4 | $750,000 | $187,500 |
| $4k-5k | 3 | $1,025,000 | $341,667 |
| $5k+ | 1 | $685,000 | $685,000 |
Community First Credit Union's average total fees were $7,352, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 5 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 7-8% | 61 | $6,785,000 | $111,230 |
| 6-7% | 51 | $6,365,000 | $124,804 |
| Over 8% | 35 | $3,765,000 | $107,571 |
During 2023, Community First Credit Union's average interest rate for loans was 7.53%, while their most frequently originated rate bucket for loans was 7-8%, with 61 originations.
Loan Sizing
2023 saw Community First Credit Union place emphasis on $100,000 or less loans with 84 originations, totaling $4,870,000 in origination value.
Applicant Income
Community First Credit Union lent most frequently to those with incomes in the $50k-75k range, with 46 originations. The second most popular income band? $150k-250k, with 29 originations.
Applicant Debt to Income Ratio
Community First Credit Union lent most frequently to those with DTI ratios of 20-30%, with 18 originations. The next most common DTI ratio? 49%, with 12 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications87.04%
Community First Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination76.87%
Community First Credit Union has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 147 | $16,915,000 | $115,068 |