Community First Credit Union Mortgage Rates, Fees & Info

Santa Rosa, CA

LEI: 549300767F7CDUJR8Q67

Tax ID: 94-1541515

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
  • Complaints
  • Similar Lenders
  • 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

    Community First Credit Union is a smaller credit union specializing in Cash Out Refi and Refi 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 17 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.

    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
    Home Equity Line of Credit (HELOC) 6.55% 11/22/24
    30 Year Conventional Purchase 6.36% 11/22/24
    30 Year Conventional Refi 5.90% 11/22/24
    30 Year Cash-out Refi 5.72% 11/22/24
    30 Year FHA Purchase 6.27% 11/22/24
    15 Year Conventional Purchase 8.18% 11/22/24
    15 Year Conventional Refi 7.04% 11/22/24
    15 Year Cash-out Refi 7.04% 11/22/24
    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

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Community First 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

    478

    Origination Dollar Volume (All Markets)

    $145,780,000
    Show all (5) awards

    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) 315 $103,915,000 $329,889 $3,650 3.61%
    Ukiah, CA (FHA|USDA|VA) 52 $13,260,000 $255,000 $3,711 3.82%
    Clearlake, CA (FHA|USDA|VA) 58 $11,840,000 $204,138 $3,951 3.79%
    San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 16 $6,750,000 $421,875 $3,491 2.86%
    NAPA, CA (FHA|USDA|VA) 15 $4,005,000 $267,000 $3,324 4.72%
    SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 6 $1,510,000 $251,667 $3,870 4.04%
    YUBA CITY, CA (FHA|USDA|VA) 3 $1,105,000 $368,333 $3,184 3.04%
    VALLEJO, CA (FHA|USDA|VA) 2 $530,000 $265,000 $2,843 5.00%
    CHICO, CA (FHA|USDA|VA) 2 $520,000 $260,000 $2,647 2.88%
    Truckee-Grass Valley, CA (FHA|USDA|VA) 1 $495,000 $495,000 $8,455 3.75%
    SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 1 $445,000 $445,000 $2,500 2.88%
    Outside of Metro Areas 2 $420,000 $210,000 $2,732 4.75%
    STOCKTON, CA (FHA|USDA|VA) 1 $405,000 $405,000 $2,853 3.13%
    Eureka-Arcata, CA (FHA|USDA|VA) 1 $215,000 $215,000 $0 6.00%
    EL CENTRO, CA (FHA|USDA|VA) 1 $185,000 $185,000 $2,953 2.75%
    MODESTO, CA (FHA|USDA|VA) 1 $95,000 $95,000 $2,253 2.75%
    REDDING, CA (FHA|USDA|VA) 1 $85,000 $85,000 $2,583 3.63%
    Community First Credit Union's top markets include Santa Rosa, Ukiah, Clearlake, San Francisco, and Napa among others.

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

    • 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.

    WINNPOINTE CORPORATION
    Similarity Rank: 528
    INFINITY EQUITY GROUP, INC.
    Similarity Rank: 1056
    VICTORIA FINANCIAL CORP.
    Similarity Rank: 1088
    1ST NORTHERN CALIFORNIA
    Similarity Rank: 1120
    BNB FINANCIAL INC.
    Similarity Rank: 1184
    TRI-EMERALD FINANCIAL GROUP, INC.
    Similarity Rank: 1360
    Kwik Mortgage Corporation
    Similarity Rank: 1602
    TRAVIS CREDIT UNION
    Similarity Rank: 2920
    SAFEAMERICA CREDIT UNION
    Similarity Rank: 3094
    UNCLE Credit Union
    Similarity Rank: 3210

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 410 $137,130,000 $334,463 $3,662 3.38%
    HELOC 68 $8,650,000 $127,206 n/a 5.42%

    For 2020, Community First Credit Union's most frequently originated type of loan was Conventional, with 410 originations. Their 2nd most popular type was HELOC, with 68 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 290 $84,150,000 $290,172 $3,432 3.73%
    Refi 123 $41,765,000 $339,553 $3,276 2.96%
    Home Purchase 65 $19,865,000 $305,615 $5,873 4.77%

    For 2020, Community First Credit Union's most frequently cited loan purpose was Cash Out Refi, with 290 originations. The 2nd most popular reason was Refi, with 123 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 318 $117,670,000 $370,031 $3,781 3.10%
    15 Year 111 $16,685,000 $150,315 $2,950 4.86%
    20 Year 31 $9,005,000 $290,484 $3,629 3.79%
    Other 14 $2,010,000 $143,571 $2,682 6.25%
    10 Year 4 $410,000 $102,500 $925 6.44%

    For 2020, Community First Credit Union's most frequently cited loan duration was 30 Year, with 318 originations. The 2nd most popular length was 15 Year, with 111 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 177 $59,005,000 $333,362
    $1k-2k 170 $50,840,000 $299,059
    $2k-3k 22 $6,920,000 $314,545
    $5k+ 19 $11,655,000 $613,421
    $3k-4k 13 $5,215,000 $401,154
    $4k-5k 9 $3,495,000 $388,333

    Community First Credit Union's average total fees were $3,781, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 177 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 243 $87,155,000 $358,663
    3-4% 66 $23,830,000 $361,061
    4-5% 60 $16,700,000 $278,333
    6-7% 43 $5,015,000 $116,628
    5-6% 33 $3,015,000 $91,364
    <2.5% 32 $9,730,000 $304,063
    7-8% 1 $335,000 $335,000

    During 2020, Community First Credit Union's average interest rate for loans was 3.10%, while their most frequently originated rate bucket for loans was 2.5-3%, with 243 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 178 $52,390,000 $294,326 $3,271 3.16%
    $400k-600k 119 $56,155,000 $471,891 $4,087 3.07%
    $100k-200k 83 $12,265,000 $147,771 $3,065 4.44%
    $100,000 or less 70 $4,520,000 $64,571 $2,963 5.26%
    $600k-1MM 26 $18,160,000 $698,462 $4,863 3.19%
    $1MM+ 2 $2,290,000 $1,145,000 $19,386 4.31%

    2020 saw Community First Credit Union place emphasis on $200k-400k loans with 178 originations, totaling $52,390,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 121 $40,005,000 $330,620 $3,527 3.52%
    $50k-75k 103 $23,185,000 $225,097 $3,134 3.69%
    $75k-100k 92 $27,240,000 $296,087 $3,564 3.64%
    $150k-250k 86 $34,670,000 $403,140 $4,252 3.54%
    $50k or less 45 $7,545,000 $167,667 $3,595 4.19%
    $250k+ 31 $13,135,000 $423,710 $4,797 3.96%

    Community First Credit Union lent most frequently to those with incomes in the $100k-150k range, with 121 originations. The second most popular income band? $50k-75k, with 103 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 101 $32,625,000 $323,020 $3,574 3.29%
    30-36% 83 $24,225,000 $291,867 $3,508 3.64%
    <20% 37 $9,955,000 $269,054 $3,575 3.36%
    44% 30 $7,530,000 $251,000 $3,151 4.13%
    40% 29 $8,695,000 $299,828 $4,048 4.04%
    49% 26 $7,190,000 $276,538 $4,264 4.19%
    48% 20 $6,790,000 $339,500 $4,854 4.26%
    39% 18 $6,680,000 $371,111 $3,694 3.13%
    43% 18 $5,770,000 $320,556 $3,615 3.89%
    41% 17 $6,405,000 $376,765 $3,683 3.57%
    37% 17 $5,325,000 $313,235 $3,031 3.17%
    42% 16 $5,430,000 $339,375 $3,840 3.62%
    46% 16 $4,820,000 $301,250 $3,583 4.25%
    45% 14 $4,580,000 $327,143 $3,237 3.59%
    47% 12 $2,860,000 $238,333 $3,609 4.41%
    36% 10 $2,640,000 $264,000 $3,030 3.65%
    38% 8 $3,150,000 $393,750 $4,201 3.27%
    50-60% 6 $1,110,000 $185,000 $6,384 4.92%

    Community First Credit Union lent most frequently to those with DTI ratios of 20-30%, with 101 originations. The next most common DTI ratio? 30-36%, with 83 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 406 $122,740,000 $302,315 $3,622 3.68%
    Not provided 38 $11,730,000 $308,684 $3,929 3.93%
    Asian 13 $5,415,000 $416,538 $4,532 2.98%
    Black 9 $2,975,000 $330,556 $3,446 3.03%
    American Indian 8 $1,550,000 $193,750 $3,061 4.48%
    Native Hawaiian or Islander 2 $730,000 $365,000 $3,003 2.81%
    Filipino 2 $640,000 $320,000 $3,250 2.81%

    Approval Rates

    Total approvals of all applications
    85.68%

    Community First Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    70.50%

    Community First Credit Union has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    1055.0 6 $970,000 $161,667
    1080.0 1 $25,000 $25,000
    1215.0 1 $55,000 $55,000
    1250.0 1 $55,000 $55,000
    1470.9 1 $55,000 $55,000
    150.0 1 $195,000 $195,000
    650.0 13 $1,355,000 $104,231
    675.0 2 $220,000 $110,000
    691.95 1 $55,000 $55,000
    716.95 1 $55,000 $55,000
    750.0 1 $155,000 $155,000
    775.0 1 $105,000 $105,000
    825.0 2 $110,000 $55,000
    880.0 1 $55,000 $55,000
    NA 445 $142,315,000 $319,809

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 50 $6,890,000 $137,800
    Single Family (1-4 Units):Site-Built 428 $138,890,000 $324,509

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 88 $19,760,000 $224,545 $3,190 3.60%
    40-60% 114 $38,390,000 $336,754 $3,470 3.12%
    60-80% 177 $69,945,000 $395,169 $3,915 3.44%
    80-100% 31 $10,465,000 $337,581 $4,605 4.49%
    Under 20% 68 $7,220,000 $106,176 $3,144 4.92%

    Complaints

    Bank Name Product Issue 2020 CPFB Complaints % of Total Issues
    COMMUNITY BANK SYSTEM, INC. Conventional home mortgage Struggling to pay mortgage 1 33.3%
    COMMUNITY BANK SYSTEM, INC. Conventional home mortgage Trouble during payment process 1 33.3%
    COMMUNITY BANK SYSTEM, INC. Other type of mortgage Closing on a mortgage 1 33.3%