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 Home Purchase loans. Community First Credit Union has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) They have a low ratio of USDA loans. Their top markets by origination volume include: Santa Rosa, Clearlake, Ukiah, San Francisco, and Sacramento among others. We have data for 12 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 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.

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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

    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

    309

    Origination Dollar Volume (All Markets)

    $79,255,000

    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
    SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) 179 $50,645,000 $282,933 $4,304 4.07%
    Clearlake, CA (FHA|USDA|VA) 52 $10,260,000 $197,308 $4,795 4.10%
    Ukiah, CA (FHA|USDA|VA) 47 $10,075,000 $214,362 $5,327 4.51%
    San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 11 $2,815,000 $255,909 $3,418 4.23%
    SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 5 $1,735,000 $347,000 $3,609 3.30%
    NAPA, CA (FHA|USDA|VA) 7 $1,635,000 $233,571 $3,120 4.55%
    VALLEJO, CA (FHA|USDA|VA) 2 $630,000 $315,000 $3,251 4.63%
    Truckee-Grass Valley, CA (FHA|USDA|VA) 2 $610,000 $305,000 $6,150 3.94%
    STOCKTON, CA (FHA|USDA|VA) 1 $355,000 $355,000 $2,339 3.25%
    SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 1 $305,000 $305,000 $2,260 2.25%
    Outside of Metro Areas 1 $135,000 $135,000 $3,020 2.50%
    SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) 1 $55,000 $55,000 $0 5.99%
    Community First Credit Union's top markets include Santa Rosa, Clearlake, Ukiah, San Francisco, and Sacramento 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.

    1ST NORTHERN CALIFORNIA
    Similarity Rank: 1164
    WINNPOINTE CORPORATION
    Similarity Rank: 1278
    Provident Savings Bank, F.S.B.
    Similarity Rank: 1792
    VICTORIA FINANCIAL CORP.
    Similarity Rank: 1808
    SAN FRANCISCO FEDERAL CREDIT UNION
    Similarity Rank: 2191
    T. J. FINANCIAL, INC.
    Similarity Rank: 2674
    SAN DIEGO COUNTY CREDIT UNION
    Similarity Rank: 2715
    SAFEAMERICA CREDIT UNION
    Similarity Rank: 2895
    COMMUNITY FIRST CREDIT UNION
    Similarity Rank: 3048
    PRIVATE MORTGAGE ADVISORS, LLC
    Similarity Rank: 3110

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 223 $69,475,000 $311,547 $4,501 3.87%
    HELOC 83 $8,725,000 $105,120 n/a 4.86%
    FHA 2 $550,000 $275,000 $2,010 4.06%
    USDA 1 $505,000 $505,000 $0 5.00%

    For 2021, Community First Credit Union's most frequently originated type of loan was Conventional, with 223 originations. Their 2nd most popular type was HELOC, with 83 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 185 $42,025,000 $227,162 $3,740 4.05%
    Home Purchase 85 $26,495,000 $311,706 $6,940 4.90%
    Refi 39 $10,735,000 $275,256 $3,191 2.92%

    For 2021, Community First Credit Union's most frequently cited loan purpose was Cash Out Refi, with 185 originations. The 2nd most popular reason was Home Purchase, with 85 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 151 $57,095,000 $378,113 $4,741 3.34%
    15 Year 124 $16,740,000 $135,000 $3,125 4.65%
    20 Year 21 $3,685,000 $175,476 $3,638 5.62%
    Other 10 $1,560,000 $156,000 $0 6.50%
    10 Year 3 $175,000 $58,333 $550 5.49%

    For 2021, Community First Credit Union's most frequently cited loan duration was 30 Year, with 151 originations. The 2nd most popular length was 15 Year, with 124 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 76 $24,670,000 $324,605
    $1k-2k 56 $20,140,000 $359,643
    $2k-3k 16 $4,570,000 $285,625
    $5k+ 14 $9,750,000 $696,429
    $3k-4k 12 $3,560,000 $296,667
    $4k-5k 7 $2,325,000 $332,143

    Community First Credit Union's average total fees were $4,741, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 76 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 84 $28,770,000 $342,500
    4-5% 83 $18,955,000 $228,373
    3-4% 44 $19,260,000 $437,727
    6-7% 43 $4,905,000 $114,070
    5-6% 37 $2,725,000 $73,649
    <2.5% 18 $4,640,000 $257,778

    During 2021, Community First Credit Union's average interest rate for loans was 3.34%, while their most frequently originated rate bucket for loans was 2.5-3%, with 84 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 89 $26,285,000 $295,337 $3,992 3.24%
    $100,000 or less 79 $5,015,000 $63,481 $2,343 5.15%
    $100k-200k 77 $10,685,000 $138,766 $3,875 4.77%
    $400k-600k 48 $23,400,000 $487,500 $4,792 3.37%
    $600k-1MM 12 $8,380,000 $698,333 $5,286 3.30%
    $1MM+ 4 $5,490,000 $1,372,500 $16,555 4.00%

    2021 saw Community First Credit Union place emphasis on $200k-400k loans with 89 originations, totaling $26,285,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 76 $20,040,000 $263,684 $4,002 3.92%
    $50k-75k 63 $11,985,000 $190,238 $4,066 4.43%
    $150k-250k 52 $15,510,000 $298,269 $4,310 3.76%
    $75k-100k 51 $10,845,000 $212,647 $4,164 4.32%
    $50k or less 36 $4,370,000 $121,389 $3,620 4.31%
    $250k+ 31 $16,505,000 $532,419 $7,806 4.26%

    Community First Credit Union lent most frequently to those with incomes in the $100k-150k range, with 76 originations. The second most popular income band? $50k-75k, with 63 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 51 $14,165,000 $277,745 $3,685 3.87%
    30-36% 47 $12,465,000 $265,213 $4,095 3.87%
    44% 20 $5,100,000 $255,000 $4,853 4.57%
    <20% 20 $6,260,000 $313,000 $4,816 3.61%
    37% 16 $3,220,000 $201,250 $4,077 4.33%
    41% 16 $4,900,000 $306,250 $4,586 4.05%
    49% 16 $2,970,000 $185,625 $4,076 4.23%
    38% 15 $3,865,000 $257,667 $4,583 3.89%
    46% 15 $3,205,000 $213,667 $5,553 4.84%
    47% 14 $2,390,000 $170,714 $2,760 4.83%
    42% 13 $2,785,000 $214,231 $4,792 4.22%
    45% 12 $2,200,000 $183,333 $3,809 4.73%
    39% 11 $2,605,000 $236,818 $5,488 4.16%
    40% 10 $3,540,000 $354,000 $5,891 3.89%
    48% 10 $2,120,000 $212,000 $4,422 4.04%
    43% 8 $1,330,000 $166,250 $3,197 4.95%
    36% 8 $2,860,000 $357,500 $4,056 3.80%
    50-60% 7 $3,275,000 $467,857 $8,351 4.36%

    Community First Credit Union lent most frequently to those with DTI ratios of 20-30%, with 51 originations. The next most common DTI ratio? 30-36%, with 47 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 277 $69,305,000 $250,199 $4,507 4.14%
    Not provided 16 $4,330,000 $270,625 $3,724 4.37%
    American Indian 7 $3,925,000 $560,714 $5,712 3.64%
    Black 7 $1,465,000 $209,286 $3,258 3.80%
    Other Asian 1 $175,000 $175,000 $0 6.50%
    Asian 1 $55,000 $55,000 $0 4.25%

    Approval Rates

    Total approvals of all applications
    88.09%

    Community First Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    66.99%

    Community First 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 309 $79,255,000 $256,489

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    309 $79,255,000 $256,489

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 55 $11,475,000 $208,636 $3,709 3.70%
    40-60% 55 $17,145,000 $311,727 $3,812 3.50%
    60-80% 96 $34,150,000 $355,729 $4,941 4.11%
    80-100% 25 $8,795,000 $351,800 $7,461 4.94%
    Under 20% 78 $7,690,000 $98,590 $2,883 4.69%

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    COMMUNITY MORTGAGE CORPORATION FHA mortgage Applying for a mortgage or refinancing an existing mortgage 1 100.0%