Cedar Falls Community Credit Union Mortgage Rates, Fees & Info

Cedar Falls, IA

LEI: 549300EHZKNMEE6UUC83

Tax ID: 42-0817536

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • 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

    Cedar Falls Community Credit Union is a smaller credit union specializing in 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, La Crosse, and Cedar Rapids among others. We have data for 6 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.

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    Originations

    148

    Origination Dollar Volume (All Markets)

    $9,760,000

    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
    WATERLOO-CEDAR FALLS, IA (FHA|USDA|VA) 108 $7,440,000 $68,889 $0 0.00%
    Outside of Metro Areas 34 $1,910,000 $56,176 $0 0.00%
    DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) 2 $200,000 $100,000 $0 0.00%
    Mason City, IA (FHA|USDA|VA) 2 $110,000 $55,000 $0 0.00%
    LA CROSSE-ONALASKA, WI-MN (FHA|USDA|VA) 1 $85,000 $85,000 $0 0.00%
    CEDAR RAPIDS, IA (FHA|USDA|VA) 1 $15,000 $15,000 $0 0.00%
    Cedar Falls Community Credit Union's top markets include Waterloo, Des Moines, Mason City, La Crosse, and Cedar Rapids among others.

    Their top states include:
  • Iowa (FHA|USDA|VA)
  • Illinois (FHA|USDA|VA)
  • Wisconsin (FHA|USDA|VA)
  • Minnesota (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 148 $9,760,000 $65,946 $0 0.00%

    For 2018, Cedar Falls Community Credit Union's most frequently originated type of loan was Conventional, with 148 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 94 $5,990,000 $63,723 $0 0.00%
    Home Improvement 29 $1,005,000 $34,655 $0 0.00%
    Home Purchase 25 $2,765,000 $110,600 $0 0.00%

    For 2018, Cedar Falls Community Credit Union's most frequently cited loan purpose was Refi, with 94 originations. The 2nd most popular reason was Home Improvement, with 29 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 148 $9,760,000 $65,946 $0 0.00%

    For 2018, Cedar Falls Community Credit Union's most frequently cited loan duration was Other, with 148 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 113 $4,585,000 $40,575 $0 0.00%
    $100k-200k 32 $4,340,000 $135,625 $0 0.00%
    $200k-400k 3 $835,000 $278,333 $0 0.00%

    2018 saw Cedar Falls Community Credit Union place emphasis on $100,000 or less loans with 113 originations, totaling $4,585,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 40 $2,240,000 $56,000 $0 0.00%
    $50k or less 37 $2,005,000 $54,189 $0 0.00%
    $75k-100k 34 $2,950,000 $86,765 $0 0.00%
    $100k-150k 30 $2,050,000 $68,333 $0 0.00%
    $150k-250k 7 $515,000 $73,571 $0 0.00%

    Cedar Falls Community Credit Union lent most frequently to those with incomes in the $50k-75k range, with 40 originations. The second most popular income band? $50k or less, with 37 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 146 $9,670,000 $66,233 $0 0.00%
    Black 2 $90,000 $45,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    91.36%

    Cedar Falls Community Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination

    Points and Fees

    Points Originations Total Value Average Loan
    NA 148 $9,760,000 $65,946

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 5 $275,000 $55,000
    Single Family (1-4 Units):Site-Built 143 $9,485,000 $66,329