Cedar Falls Community Credit Union Mortgage Rates, Fees & Info
Cedar Falls, IALEI: 549300EHZKNMEE6UUC83
Tax ID: 42-0817536
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Mortgage Data
Review & Overview
Cedar Falls Community Credit Union is a smaller credit union specializing in Cash Out Refi and Home Purchase loans. Cedar Falls Community Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Waterloo, Des Moines, Mason City, Milwaukee, and St. Louis among others. We have data for 11 markets. (Some data included below & more in-depth data is available with an active subscription.)Cedar Falls Community Credit Union has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders.
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 |
|---|---|---|
| 30 Year Conventional Purchase | 6.72% | 4/16/25 |
| 30 Year Conventional Refi | 6.72% | 4/16/25 |
| 30 Year Cash-out Refi | 6.72% | 4/16/25 |
| 15 Year Conventional Refi | 6.00% | 4/16/25 |
| 15 Year Cash-out Refi | 6.00% | 4/16/25 |
| 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. | ||
Cedar Falls Community 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
275Origination Dollar Volume (All Markets)
$34,195,000Top 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 |
|---|---|---|---|---|---|
| WATERLOO-CEDAR FALLS, IA (FHA|USDA|VA) | 207 | $25,095,000 | $121,232 | $0 | 0.00% |
| Outside of Metro Areas | 51 | $6,305,000 | $123,627 | $0 | 0.00% |
| DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) | 5 | $975,000 | $195,000 | $0 | 0.00% |
| Mason City, IA (FHA|USDA|VA) | 2 | $400,000 | $200,000 | $0 | 0.00% |
| MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $0 | 0.00% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 2 | $250,000 | $125,000 | $0 | 0.00% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $0 | 0.00% |
| CEDAR RAPIDS, IA (FHA|USDA|VA) | 2 | $210,000 | $105,000 | $0 | 0.00% |
| IOWA CITY, IA (FHA|USDA|VA) | 2 | $170,000 | $85,000 | $0 | 0.00% |
| Searcy, AR (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 0.00% |
| AMES, IA (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 0.00% |
Similar Lenders
We use machine learning to identify the top lenders compared against CEDAR FALLS COMMUNITY 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 | 275 | $34,195,000 | $124,345 | $0 | 0.00% |
For 2021, Cedar Falls Community Credit Union's most frequently originated type of loan was Conventional, with 275 originations.
Loan Reason
For 2021, Cedar Falls Community Credit Union's most frequently cited loan purpose was Cash Out Refi, with 137 originations. The 2nd most popular reason was Home Purchase, with 62 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 275 | $34,195,000 | $124,345 | $0 | 0.00% |
For 2021, Cedar Falls Community Credit Union's most frequently cited loan duration was Other, with 275 originations.
Loan Sizing
2021 saw Cedar Falls Community Credit Union place emphasis on $100,000 or less loans with 115 originations, totaling $5,485,000 in origination value.
Applicant Income
Cedar Falls Community Credit Union lent most frequently to those with incomes in the $50k-75k range, with 84 originations. The second most popular income band? $50k or less, with 68 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 275 | $34,195,000 | $124,345 | $0 | 0.00% |
Cedar Falls Community Credit Union lent most frequently to those with DTI ratios of Exempt%, with 275 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications93.99%
Cedar Falls Community Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination92.36%
Cedar Falls Community Credit Union has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 275 | $34,195,000 | $124,345 |