Cedar Falls Community Credit Union Mortgage Rates, Fees & Info

Cedar Falls, IA

LEI: 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.

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Originations

275

Origination Dollar Volume (All Markets)

$34,195,000

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) 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%
Cedar Falls Community Credit Union's top markets include Waterloo, Des Moines, Mason City, Milwaukee, and St. Louis among others.

Their top states include:
  • Iowa (FHA|USDA|VA)
  • Wisconsin (FHA|USDA|VA)
  • Missouri (FHA|USDA|VA)
  • Alabama (FHA|USDA|VA)
  • Tennessee (FHA|USDA|VA)
  • 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

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 137 $19,755,000 $144,197 $0 0.00%
    Home Purchase 62 $7,980,000 $128,710 $0 0.00%
    Refi 47 $5,285,000 $112,447 $0 0.00%
    Other 20 $840,000 $42,000 $0 0.00%
    Home Improvement 9 $335,000 $37,222 $0 0.00%

    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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 115 $5,485,000 $47,696 $0 0.00%
    $100k-200k 115 $15,695,000 $136,478 $0 0.00%
    $200k-400k 40 $10,680,000 $267,000 $0 0.00%
    $400k-600k 5 $2,335,000 $467,000 $0 0.00%

    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

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 84 $9,670,000 $115,119 $0 0.00%
    $50k or less 68 $5,300,000 $77,941 $0 0.00%
    $75k-100k 50 $6,680,000 $133,600 $0 0.00%
    $100k-150k 39 $6,435,000 $165,000 $0 0.00%
    $150k-250k 24 $4,430,000 $184,583 $0 0.00%
    $250k+ 3 $905,000 $301,667 $0 0.00%

    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

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 258 $32,060,000 $124,264 $0 0.00%
    Not provided 5 $775,000 $155,000 $0 0.00%
    Asian 3 $655,000 $218,333 $0 0.00%
    Black 6 $380,000 $63,333 $0 0.00%
    Native Hawaiian or Islander 2 $280,000 $140,000 $0 0.00%
    Not applicable 1 $45,000 $45,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    93.99%

    Cedar Falls Community Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    92.36%

    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

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    275 $34,195,000 $124,345