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 Cash Out Refi loans. Central Credit Union Of Florida has a high proportion of conventional loans. Their top markets by origination volume include: Pensacola, Panama City, and Jacksonville among others. We have data for 3 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.

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    Originations

    46

    Origination Dollar Volume (All Markets)

    $6,890,000

    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) 39 $5,625,000 $144,231 $0 0.00%
    PANAMA CITY, FL (FHA|USDA|VA) 6 $1,140,000 $190,000 $0 0.00%
    JACKSONVILLE, FL (FHA|USDA|VA) 1 $125,000 $125,000 $0 0.00%
    Central Credit Union Of Florida's top markets include Pensacola, Panama City, and Jacksonville among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 46 $6,890,000 $149,783 $0 0.00%

    For 2019, Central Credit Union Of Florida's most frequently originated type of loan was Conventional, with 46 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 22 $3,970,000 $180,455 $0 0.00%
    Home Purchase 9 $1,345,000 $149,444 $0 0.00%
    Refi 8 $1,070,000 $133,750 $0 0.00%
    Home Improvement 6 $380,000 $63,333 $0 0.00%
    Other 1 $125,000 $125,000 $0 0.00%

    For 2019, Central Credit Union Of Florida's most frequently cited loan purpose was Cash Out Refi, with 22 originations. The 2nd most popular reason was Home Purchase, with 9 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 46 $6,890,000 $149,783 $0 0.00%

    For 2019, Central Credit Union Of Florida's most frequently cited loan duration was Other, with 46 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 20 $2,910,000 $145,500 $0 0.00%
    $100,000 or less 14 $900,000 $64,286 $0 0.00%
    $200k-400k 12 $3,080,000 $256,667 $0 0.00%

    2019 saw Central Credit Union Of Florida place emphasis on $100k-200k loans with 20 originations, totaling $2,910,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 15 $1,515,000 $101,000 $0 0.00%
    $50k-75k 11 $1,495,000 $135,909 $0 0.00%
    $100k-150k 7 $1,045,000 $149,286 $0 0.00%
    $75k-100k 6 $1,140,000 $190,000 $0 0.00%
    $150k-250k 4 $940,000 $235,000 $0 0.00%
    $250k+ 1 $205,000 $205,000 $0 0.00%

    Central Credit Union Of Florida lent most frequently to those with incomes in the $50k or less range, with 15 originations. The second most popular income band? $50k-75k, with 11 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 46 $6,890,000 $149,783 $0 0.00%

    Central Credit Union Of Florida lent most frequently to those with DTI ratios of Exempt%, with 46 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 42 $6,490,000 $154,524 $0 0.00%
    Not provided 3 $315,000 $105,000 $0 0.00%
    Black 1 $85,000 $85,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    84.04%

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

    Pick Rate

    Approvals leading to origination
    78.26%

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

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 46 $6,890,000 $149,783

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 1 $115,000 $115,000
    Single Family (1-4 Units):Site-Built 45 $6,775,000 $150,556

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    CENTERSTATE BANK CORPORATION Conventional home mortgage Trouble during payment process 1 50.0%
    CENTERSTATE BANK CORPORATION VA mortgage Applying for a mortgage or refinancing an existing mortgage 1 50.0%