Central Credit Union Of Florida Mortgage Rates, Fees & Info
Pensacola, FLLEI: 549300FDNZSDIZP9N063
Tax ID: 59-1009534
Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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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 two markets are Pensacola and Tallahassee .Central Credit Union Of Florida has a below average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.
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Originations
4Origination Dollar Volume (All Markets)
$490,000Top 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) | 3 | $285,000 | $95,000 | $0 | 0.00% |
| TALLAHASSEE, FL (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 4 | $490,000 | $122,500 | $0 | 0.00% |
For 2024, Central Credit Union Of Florida's most frequently originated type of loan was Conventional, with 4 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Cash Out Refi | 3 | $445,000 | $148,333 | $0 | 0.00% |
| Refi | 1 | $45,000 | $45,000 | $0 | 0.00% |
For 2024, Central Credit Union Of Florida's most frequently cited loan purpose was Cash Out Refi, with 3 originations. The 2nd most popular reason was Refi, with 1 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 4 | $490,000 | $122,500 | $0 | 0.00% |
For 2024, Central Credit Union Of Florida's most frequently cited loan duration was Other, with 4 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $100,000 or less | 2 | $120,000 | $60,000 | $0 | 0.00% |
| $100k-200k | 1 | $165,000 | $165,000 | $0 | 0.00% |
| $200k-400k | 1 | $205,000 | $205,000 | $0 | 0.00% |
2024 saw Central Credit Union Of Florida place emphasis on $100,000 or less loans with 2 originations, totaling $120,000 in origination value.
Applicant Income
| Applicant Income | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $50k-75k | 2 | $280,000 | $140,000 | $0 | 0.00% |
| $50k or less | 1 | $45,000 | $45,000 | $0 | 0.00% |
| $75k-100k | 1 | $165,000 | $165,000 | $0 | 0.00% |
Central Credit Union Of Florida lent most frequently to those with incomes in the $50k-75k range, with 2 originations. The second most popular income band? $50k or less, with 1 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 4 | $490,000 | $122,500 | $0 | 0.00% |
Central Credit Union Of Florida lent most frequently to those with DTI ratios of Exempt%, with 4 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Black | 2 | $250,000 | $125,000 | $0 | 0.00% |
| White | 2 | $240,000 | $120,000 | $0 | 0.00% |
Approval Rates
Total approvals of all applications61.11%
Central Credit Union Of Florida has a low approval rate. They may have poor market targeting or stringent lending standards.
Pick Rate
Approvals leading to origination50.00%
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 | 4 | $490,000 | $122,500 |