Central Credit Union Of Florida Mortgage Rates, Fees & Info

Pensacola, FL

LEI: 549300FDNZSDIZP9N063

Tax ID: 59-1009534

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
  • Complaints
  • 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

    Central Credit Union Of Florida is a smaller credit union specializing in Home Purchase and Cash Out Refi loans. Central Credit Union Of Florida has a high proportion of conventional loans. Their top two markets are Pensacola and Panama City .

    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.

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    Originations

    35

    Origination Dollar Volume (All Markets)

    $3,975,000

    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
    PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 34 $3,820,000 $112,353 $0 0.00%
    PANAMA CITY, FL (FHA|USDA|VA) 1 $155,000 $155,000 $0 0.00%
    Central Credit Union Of Florida's top markets include Pensacola and Panama City among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 35 $3,975,000 $113,571 $0 0.00%

    For 2018, Central Credit Union Of Florida's most frequently originated type of loan was Conventional, with 35 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 12 $1,670,000 $139,167 $0 0.00%
    Cash Out Refi 10 $1,180,000 $118,000 $0 0.00%
    Other 5 $355,000 $71,000 $0 0.00%
    Home Improvement 4 $380,000 $95,000 $0 0.00%
    Refi 4 $390,000 $97,500 $0 0.00%

    For 2018, Central Credit Union Of Florida's most frequently cited loan purpose was Home Purchase, with 12 originations. The 2nd most popular reason was Cash Out Refi, with 10 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 35 $3,975,000 $113,571 $0 0.00%

    For 2018, Central Credit Union Of Florida's most frequently cited loan duration was Other, with 35 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 19 $1,195,000 $62,895 $0 0.00%
    $100k-200k 13 $1,755,000 $135,000 $0 0.00%
    $200k-400k 2 $570,000 $285,000 $0 0.00%
    $400k-600k 1 $455,000 $455,000 $0 0.00%

    2018 saw Central Credit Union Of Florida place emphasis on $100,000 or less loans with 19 originations, totaling $1,195,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 11 $1,455,000 $132,273 $0 0.00%
    $50k or less 10 $570,000 $57,000 $0 0.00%
    $75k-100k 8 $810,000 $101,250 $0 0.00%
    $100k-150k 4 $590,000 $147,500 $0 0.00%
    $150k-250k 1 $95,000 $95,000 $0 0.00%

    Central Credit Union Of Florida lent most frequently to those with incomes in the $50k-75k range, with 11 originations. The second most popular income band? $50k or less, with 10 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 35 $3,975,000 $113,571 $0 0.00%

    Central Credit Union Of Florida lent most frequently to those with DTI ratios of Exempt%, with 35 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 30 $3,530,000 $117,667 $0 0.00%
    Black 4 $420,000 $105,000 $0 0.00%
    Not provided 1 $25,000 $25,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    80.00%

    Central Credit Union Of Florida has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    65.71%

    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 35 $3,975,000 $113,571

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 35 $3,975,000 $113,571

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    CENTRAL BANC MORTGAGE CORPORATION Other type of mortgage Applying for a mortgage or refinancing an existing mortgage 1 100.0%