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. Their top markets by origination volume include: Santa Rosa, Ukiah, Clearlake, San Francisco, and Napa among others. We have data for 10 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 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 6.55% | 4/28/24 |
| 30 Year Conventional Purchase | 6.36% | 4/28/24 |
| 30 Year Conventional Refi | 5.90% | 4/28/24 |
| 30 Year Cash-out Refi | 5.72% | 4/28/24 |
| 30 Year FHA Purchase | 6.27% | 4/28/24 |
| 15 Year Conventional Purchase | 8.18% | 4/28/24 |
| 15 Year Conventional Refi | 7.04% | 4/28/24 |
| 15 Year Cash-out Refi | 7.04% | 4/28/24 |
| 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
Your Estimates
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
216Origination Dollar Volume (All Markets)
$32,230,000Top 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 |
|---|---|---|---|---|---|
| SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) | 109 | $20,345,000 | $186,651 | $4,520 | 5.45% |
| Ukiah, CA (FHA|USDA|VA) | 37 | $4,335,000 | $117,162 | $3,575 | 5.73% |
| Clearlake, CA (FHA|USDA|VA) | 46 | $3,600,000 | $78,261 | $3,132 | 5.87% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 7 | $2,095,000 | $299,286 | $3,163 | 5.70% |
| NAPA, CA (FHA|USDA|VA) | 11 | $975,000 | $88,636 | $2,994 | 6.03% |
| VALLEJO, CA (FHA|USDA|VA) | 2 | $360,000 | $180,000 | $3,015 | 5.06% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $3,572 | 4.50% |
| Truckee-Grass Valley, CA (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $2,825 | 4.75% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 6.00% |
| Eureka-Arcata, CA (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 5.99% |
Their top states include:
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| HELOC | 131 | $12,605,000 | $96,221 | n/a | 5.65% |
| Conventional | 85 | $19,625,000 | $230,882 | $4,008 | 5.57% |
For 2018, Community First Credit Union's most frequently originated type of loan was HELOC, with 131 originations. Their 2nd most popular type was Conventional, with 85 originations.
Loan Reason
For 2018, Community First Credit Union's most frequently cited loan purpose was Cash Out Refi, with 166 originations. The 2nd most popular reason was Home Purchase, with 45 originations.
Loan Duration/Length
For 2018, Community First Credit Union's most frequently cited loan duration was 15 Year, with 129 originations. The 2nd most popular length was 30 Year, with 53 originations.
Origination Fees/Closing Costs
Community First Credit Union's average total fees were $4,027, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 39 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 5-6% | 82 | $10,240,000 | $124,878 |
| 6-7% | 66 | $6,900,000 | $104,545 |
| 4-5% | 60 | $13,690,000 | $228,167 |
| 7-8% | 4 | $120,000 | $30,000 |
| 3-4% | 3 | $1,175,000 | $391,667 |
During 2018, Community First Credit Union's average interest rate for loans was 4.95%, while their most frequently originated rate bucket for loans was 5-6%, with 82 originations.
Loan Sizing
2018 saw Community First Credit Union place emphasis on $100,000 or less loans with 113 originations, totaling $5,785,000 in origination value.
Applicant Income
Community First Credit Union lent most frequently to those with incomes in the $50k-75k range, with 48 originations. The second most popular income band? $75k-100k, with 48 originations.
Applicant Debt to Income Ratio
Community First Credit Union lent most frequently to those with DTI ratios of 20-30%, with 36 originations. The next most common DTI ratio? 30-36%, with 33 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications77.95%
Community First Credit Union has a below average approval rate.
Pick Rate
Approvals leading to origination85.65%
Community First Credit Union has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| 100.0 | 1 | $105,000 | $105,000 |
| 1035.0 | 2 | $90,000 | $45,000 |
| 1055.0 | 5 | $485,000 | $97,000 |
| 1075.0 | 7 | $845,000 | $120,714 |
| 1100.0 | 3 | $535,000 | $178,333 |
| 1105.0 | 2 | $180,000 | $90,000 |
| 1110.0 | 1 | $35,000 | $35,000 |
| 1125.0 | 1 | $245,000 | $245,000 |
| 1159.0 | 1 | $15,000 | $15,000 |
| 1165.0 | 1 | $75,000 | $75,000 |
| 1180.0 | 3 | $875,000 | $291,667 |
| 1200.0 | 1 | $505,000 | $505,000 |
| 1301.0 | 1 | $245,000 | $245,000 |
| 1325.0 | 1 | $305,000 | $305,000 |
| 1340.45 | 1 | $205,000 | $205,000 |
| 1380.0 | 1 | $405,000 | $405,000 |
| 1390.0 | 1 | $115,000 | $115,000 |
| 1565.0 | 1 | $235,000 | $235,000 |
| 1655.0 | 1 | $505,000 | $505,000 |
| 1884.0 | 1 | $25,000 | $25,000 |
| 200.0 | 1 | $45,000 | $45,000 |
| 250.0 | 1 | $235,000 | $235,000 |
| 500.0 | 6 | $310,000 | $51,667 |
| 525.0 | 1 | $245,000 | $245,000 |
| 645.0 | 1 | $75,000 | $75,000 |
| 650.0 | 47 | $3,085,000 | $65,638 |
| 675.0 | 14 | $1,080,000 | $77,143 |
| 700.0 | 6 | $400,000 | $66,667 |
| 725.0 | 2 | $100,000 | $50,000 |
| 750.0 | 3 | $235,000 | $78,333 |
| 760.0 | 1 | $55,000 | $55,000 |
| 775.0 | 2 | $90,000 | $45,000 |
| 800.0 | 1 | $75,000 | $75,000 |
| 833.0 | 1 | $65,000 | $65,000 |
| 850.0 | 1 | $225,000 | $225,000 |
| 854.0 | 1 | $45,000 | $45,000 |
| 855.0 | 1 | $45,000 | $45,000 |
| 885.0 | 1 | $15,000 | $15,000 |
| 899.0 | 1 | $25,000 | $25,000 |
| 900.0 | 1 | $75,000 | $75,000 |
| 945.0 | 1 | $65,000 | $65,000 |
| 995.0 | 1 | $135,000 | $135,000 |
| NA | 85 | $19,475,000 | $229,118 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 50 | $5,180,000 | $103,600 |
| Single Family (1-4 Units):Site-Built | 166 | $27,050,000 | $162,952 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2018 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| Community Loan Fund of New Jersey, Inc | Conventional home mortgage | Struggling to pay mortgage | 1 | 100.0% |