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 Cash Out Refi and Refi loans. Cedar Falls Community Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Waterloo, Cedar Rapids, Des Moines, La Crosse, and Ames 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 average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders.

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    Originations

    158

    Origination Dollar Volume (All Markets)

    $12,050,000

    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) 112 $8,350,000 $74,554 $0 0.00%
    Outside of Metro Areas 41 $2,995,000 $73,049 $0 0.00%
    CEDAR RAPIDS, IA (FHA|USDA|VA) 2 $210,000 $105,000 $0 0.00%
    DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) 1 $185,000 $185,000 $0 0.00%
    LA CROSSE-ONALASKA, WI-MN (FHA|USDA|VA) 1 $165,000 $165,000 $0 0.00%
    AMES, IA (FHA|USDA|VA) 1 $145,000 $145,000 $0 0.00%
    Cedar Falls Community Credit Union's top markets include Waterloo, Cedar Rapids, Des Moines, La Crosse, and Ames among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 158 $12,050,000 $76,266 $0 0.00%

    For 2019, Cedar Falls Community Credit Union's most frequently originated type of loan was Conventional, with 158 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 72 $5,800,000 $80,556 $0 0.00%
    Refi 34 $3,420,000 $100,588 $0 0.00%
    Home Improvement 33 $1,035,000 $31,364 $0 0.00%
    Home Purchase 19 $1,795,000 $94,474 $0 0.00%

    For 2019, Cedar Falls Community Credit Union's most frequently cited loan purpose was Cash Out Refi, with 72 originations. The 2nd most popular reason was Refi, with 34 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 158 $12,050,000 $76,266 $0 0.00%

    For 2019, Cedar Falls Community Credit Union's most frequently cited loan duration was Other, with 158 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 118 $4,830,000 $40,932 $0 0.00%
    $100k-200k 29 $4,115,000 $141,897 $0 0.00%
    $200k-400k 8 $1,760,000 $220,000 $0 0.00%
    $400k-600k 3 $1,345,000 $448,333 $0 0.00%

    2019 saw Cedar Falls Community Credit Union place emphasis on $100,000 or less loans with 118 originations, totaling $4,830,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 47 $2,125,000 $45,213 $0 0.00%
    $50k-75k 37 $1,985,000 $53,649 $0 0.00%
    $100k-150k 35 $3,495,000 $99,857 $0 0.00%
    $75k-100k 28 $2,460,000 $87,857 $0 0.00%
    $150k-250k 7 $1,205,000 $172,143 $0 0.00%
    $250k+ 4 $780,000 $195,000 $0 0.00%

    Cedar Falls Community Credit Union lent most frequently to those with incomes in the $50k or less range, with 47 originations. The second most popular income band? $50k-75k, with 37 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 155 $11,905,000 $76,806 $0 0.00%
    Black 1 $125,000 $125,000 $0 0.00%
    Not provided 1 $15,000 $15,000 $0 0.00%
    Native Hawaiian or Islander 1 $5,000 $5,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    87.91%

    Cedar Falls Community Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    98.73%

    Cedar Falls Community Credit Union has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 158 $12,050,000 $76,266

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 4 $70,000 $17,500
    Single Family (1-4 Units):Site-Built 154 $11,980,000 $77,792