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, Napa, and San Francisco 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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
357Origination Dollar Volume (All Markets)
$75,635,000Awards
COMMUNITY FIRST CREDIT UNION - 2019
COMMUNITY FIRST CREDIT UNION is a 2019 , due to their low .
For 2019, less than of lenders were eligible for this award.
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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) | 205 | $51,705,000 | $252,220 | $4,143 | 4.95% |
| Ukiah, CA (FHA|USDA|VA) | 67 | $12,555,000 | $187,388 | $3,306 | 5.22% |
| Clearlake, CA (FHA|USDA|VA) | 61 | $7,705,000 | $126,311 | $4,049 | 5.88% |
| NAPA, CA (FHA|USDA|VA) | 12 | $1,590,000 | $132,500 | $4,951 | 6.23% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 6 | $1,330,000 | $221,667 | $2,956 | 6.02% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $3,044 | 3.25% |
| Red Bluff, CA (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $5,152 | 5.75% |
| VALLEJO, CA (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 6.50% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 2 | $70,000 | $35,000 | $0 | 7.00% |
| Outside of Metro Areas | 1 | $25,000 | $25,000 | $0 | 6.75% |
Their top states include:
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 243 | $63,545,000 | $261,502 | $3,957 | 4.76% |
| HELOC | 114 | $12,090,000 | $106,053 | n/a | 6.25% |
For 2019, Community First Credit Union's most frequently originated type of loan was Conventional, with 243 originations. Their 2nd most popular type was HELOC, with 114 originations.
Loan Reason
For 2019, Community First Credit Union's most frequently cited loan purpose was Cash Out Refi, with 238 originations. The 2nd most popular reason was Home Purchase, with 100 originations.
Loan Duration/Length
For 2019, Community First Credit Union's most frequently cited loan duration was 15 Year, with 150 originations. The 2nd most popular length was 30 Year, with 134 originations.
Origination Fees/Closing Costs
Community First Credit Union's average total fees were $3,894, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 109 originations.
Interest Rates
During 2019, Community First Credit Union's average interest rate for loans was 3.91%, while their most frequently originated rate bucket for loans was 6-7%, with 107 originations.
Loan Sizing
2019 saw Community First Credit Union place emphasis on $100,000 or less loans with 119 originations, totaling $6,855,000 in origination value.
Applicant Income
Community First Credit Union lent most frequently to those with incomes in the $50k-75k range, with 80 originations. The second most popular income band? $100k-150k, with 72 originations.
Applicant Debt to Income Ratio
Community First Credit Union lent most frequently to those with DTI ratios of 20-30%, with 66 originations. The next most common DTI ratio? 30-36%, with 52 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications79.79%
Community First Credit Union has a below average approval rate.
Pick Rate
Approvals leading to origination70.87%
Community First Credit Union has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| 100.0 | 1 | $65,000 | $65,000 |
| 1000.0 | 1 | $105,000 | $105,000 |
| 1010.0 | 1 | $205,000 | $205,000 |
| 1035.0 | 1 | $155,000 | $155,000 |
| 1055.0 | 6 | $840,000 | $140,000 |
| 1080.0 | 1 | $55,000 | $55,000 |
| 1085.0 | 1 | $55,000 | $55,000 |
| 1096.95 | 2 | $210,000 | $105,000 |
| 1145.0 | 1 | $75,000 | $75,000 |
| 1165.0 | 4 | $260,000 | $65,000 |
| 1180.0 | 3 | $1,375,000 | $458,333 |
| 1205.0 | 1 | $315,000 | $315,000 |
| 1430.0 | 1 | $155,000 | $155,000 |
| 1544.0 | 1 | $45,000 | $45,000 |
| 1658.9 | 1 | $505,000 | $505,000 |
| 195.0 | 1 | $145,000 | $145,000 |
| 250.0 | 4 | $310,000 | $77,500 |
| 270.0 | 1 | $215,000 | $215,000 |
| 2868.0 | 1 | $205,000 | $205,000 |
| 3136.68 | 1 | $425,000 | $425,000 |
| 333.9 | 1 | $95,000 | $95,000 |
| 360.0 | 1 | $115,000 | $115,000 |
| 400.0 | 1 | $75,000 | $75,000 |
| 500.0 | 3 | $155,000 | $51,667 |
| 650.0 | 28 | $1,990,000 | $71,071 |
| 6503.0 | 1 | $45,000 | $45,000 |
| 675.0 | 8 | $680,000 | $85,000 |
| 695.0 | 1 | $245,000 | $245,000 |
| 707.0 | 1 | $145,000 | $145,000 |
| 725.0 | 1 | $135,000 | $135,000 |
| 733.9 | 1 | $25,000 | $25,000 |
| 734.0 | 1 | $35,000 | $35,000 |
| 740.9 | 1 | $75,000 | $75,000 |
| 742.0 | 1 | $45,000 | $45,000 |
| 760.0 | 2 | $130,000 | $65,000 |
| 775.0 | 1 | $55,000 | $55,000 |
| 785.0 | 1 | $105,000 | $105,000 |
| 815.0 | 1 | $155,000 | $155,000 |
| 830.0 | 1 | $55,000 | $55,000 |
| 870.0 | 1 | $125,000 | $125,000 |
| 885.0 | 1 | $45,000 | $45,000 |
| 900.0 | 1 | $75,000 | $75,000 |
| 985.0 | 1 | $25,000 | $25,000 |
| NA | 263 | $65,285,000 | $248,232 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 75 | $8,075,000 | $107,667 |
| Single Family (1-4 Units):Site-Built | 282 | $67,560,000 | $239,574 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2019 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| COMMUNITY BANK SYSTEM, INC. | Conventional home mortgage | Closing on a mortgage | 1 | 20.0% |
| COMMUNITY BANK SYSTEM, INC. | Conventional home mortgage | Trouble during payment process | 3 | 60.0% |
| COMMUNITY BANK SYSTEM, INC. | Home equity loan or line of credit (HELOC) | Closing on a mortgage | 1 | 20.0% |