Cedar Falls Community Credit Union Mortgage Rates, Fees & Info
Cedar Falls, IALEI: 549300EHZKNMEE6UUC83
Tax ID: 42-0817536
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Cedar Falls Community Credit Union is a smaller credit union specializing in Home Purchase and Cash Out Refi loans. Cedar Falls Community Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Waterloo, Spirit Lake, Cedar Rapids, Grand Rapids, and Charleston among others. We have data for 9 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
246Origination Dollar Volume (All Markets)
$24,200,000Top 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) | 187 | $17,535,000 | $93,770 | $0 | 0.00% |
| Outside of Metro Areas | 49 | $5,315,000 | $108,469 | $0 | 0.00% |
| Spirit Lake, IA (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $0 | 0.00% |
| CEDAR RAPIDS, IA (FHA|USDA|VA) | 3 | $285,000 | $95,000 | $0 | 0.00% |
| Grand Rapids, MN (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $0 | 0.00% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 0.00% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 0.00% |
| IOWA CITY, IA (FHA|USDA|VA) | 2 | $100,000 | $50,000 | $0 | 0.00% |
| Mason City, IA (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 246 | $24,200,000 | $98,374 | $0 | 0.00% |
For 2022, Cedar Falls Community Credit Union's most frequently originated type of loan was Conventional, with 246 originations.
Loan Reason
For 2022, Cedar Falls Community Credit Union's most frequently cited loan purpose was Other, with 80 originations. The 2nd most popular reason was Home Purchase, with 71 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 246 | $24,200,000 | $98,374 | $0 | 0.00% |
For 2022, Cedar Falls Community Credit Union's most frequently cited loan duration was Other, with 246 originations.
Loan Sizing
2022 saw Cedar Falls Community Credit Union place emphasis on $100,000 or less loans with 173 originations, totaling $8,685,000 in origination value.
Applicant Income
Cedar Falls Community Credit Union lent most frequently to those with incomes in the $50k or less range, with 61 originations. The second most popular income band? $50k-75k, with 52 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 246 | $24,200,000 | $98,374 | $0 | 0.00% |
Cedar Falls Community Credit Union lent most frequently to those with DTI ratios of Exempt%, with 246 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications94.80%
Cedar Falls Community Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination96.34%
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 |
|---|---|---|---|
| Exempt | 246 | $24,200,000 | $98,374 |