Central Credit Union Of Florida Mortgage Rates, Fees & Info
Pensacola, FLLEI: 549300FDNZSDIZP9N063
Tax ID: 59-1009534
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage Data
Review & Overview
Central Credit Union Of Florida is a smaller credit union specializing in Cash Out Refi loans. Central Credit Union Of Florida has a high proportion of conventional loans. Their top markets by origination volume include: Pensacola, Tallahassee, and Mobile among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)Central Credit Union Of Florida has an average approval rate when compared to the average across all lenders. They have a below 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.
Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.
Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.
Originations
13Origination Dollar Volume (All Markets)
$1,825,000Top 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 |
|---|---|---|---|---|---|
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 8 | $1,220,000 | $152,500 | $0 | 0.00% |
| TALLAHASSEE, FL (FHA|USDA|VA) | 3 | $445,000 | $148,333 | $0 | 0.00% |
| Outside of Metro Areas | 1 | $105,000 | $105,000 | $0 | 0.00% |
| MOBILE, AL (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 13 | $1,825,000 | $140,385 | $0 | 0.00% |
For 2023, Central Credit Union Of Florida's most frequently originated type of loan was Conventional, with 13 originations.
Loan Reason
For 2023, Central Credit Union Of Florida's most frequently cited loan purpose was Cash Out Refi, with 4 originations. The 2nd most popular reason was Other, with 3 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 13 | $1,825,000 | $140,385 | $0 | 0.00% |
For 2023, Central Credit Union Of Florida's most frequently cited loan duration was Other, with 13 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $100,000 or less | 5 | $335,000 | $67,000 | $0 | 0.00% |
| $100k-200k | 4 | $500,000 | $125,000 | $0 | 0.00% |
| $200k-400k | 4 | $990,000 | $247,500 | $0 | 0.00% |
2023 saw Central Credit Union Of Florida place emphasis on $100,000 or less loans with 5 originations, totaling $335,000 in origination value.
Applicant Income
Central Credit Union Of Florida lent most frequently to those with incomes in the $75k-100k range, with 5 originations. The second most popular income band? $50k-75k, with 4 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 13 | $1,825,000 | $140,385 | $0 | 0.00% |
Central Credit Union Of Florida lent most frequently to those with DTI ratios of Exempt%, with 13 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 10 | $1,350,000 | $135,000 | $0 | 0.00% |
| Vietnamese | 1 | $315,000 | $315,000 | $0 | 0.00% |
| Black | 2 | $160,000 | $80,000 | $0 | 0.00% |
Approval Rates
Total approvals of all applications76.47%
Central Credit Union Of Florida has a below average approval rate.
Pick Rate
Approvals leading to origination61.54%
Central Credit Union Of Florida has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 13 | $1,825,000 | $140,385 |