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
  • 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, Daphne, and Jacksonville among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Central Credit Union Of Florida 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.

    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

    63

    Origination Dollar Volume (All Markets)

    $8,945,000

    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) 54 $7,320,000 $135,556 $0 0.00%
    PANAMA CITY, FL (FHA|USDA|VA) 5 $1,005,000 $201,000 $0 0.00%
    Outside of Metro Areas 2 $350,000 $175,000 $0 0.00%
    DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 1 $225,000 $225,000 $0 0.00%
    JACKSONVILLE, FL (FHA|USDA|VA) 1 $45,000 $45,000 $0 0.00%
    Central Credit Union Of Florida's top markets include Pensacola, Panama City, Daphne, and Jacksonville among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 63 $8,945,000 $141,984 $0 0.00%

    For 2022, Central Credit Union Of Florida's most frequently originated type of loan was Conventional, with 63 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 36 $5,960,000 $165,556 $0 0.00%
    Other 9 $485,000 $53,889 $0 0.00%
    Refi 8 $1,360,000 $170,000 $0 0.00%
    Home Improvement 6 $520,000 $86,667 $0 0.00%
    Home Purchase 4 $620,000 $155,000 $0 0.00%

    For 2022, Central Credit Union Of Florida's most frequently cited loan purpose was Cash Out Refi, with 36 originations. The 2nd most popular reason was Other, with 9 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 63 $8,945,000 $141,984 $0 0.00%

    For 2022, Central Credit Union Of Florida's most frequently cited loan duration was Other, with 63 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 27 $4,045,000 $149,815 $0 0.00%
    $100,000 or less 25 $1,745,000 $69,800 $0 0.00%
    $200k-400k 9 $2,215,000 $246,111 $0 0.00%
    $400k-600k 2 $940,000 $470,000 $0 0.00%

    2022 saw Central Credit Union Of Florida place emphasis on $100k-200k loans with 27 originations, totaling $4,045,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 16 $1,920,000 $120,000 $0 0.00%
    $50k or less 15 $1,515,000 $101,000 $0 0.00%
    $75k-100k 12 $1,800,000 $150,000 $0 0.00%
    $100k-150k 11 $2,055,000 $186,818 $0 0.00%
    $150k-250k 7 $1,285,000 $183,571 $0 0.00%

    Central Credit Union Of Florida lent most frequently to those with incomes in the $50k-75k range, with 16 originations. The second most popular income band? $50k or less, with 15 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 63 $8,945,000 $141,984 $0 0.00%

    Central Credit Union Of Florida lent most frequently to those with DTI ratios of Exempt%, with 63 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 55 $7,865,000 $143,000 $0 0.00%
    Black 6 $810,000 $135,000 $0 0.00%
    Asian 1 $155,000 $155,000 $0 0.00%
    Not provided 1 $115,000 $115,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    90.36%

    Central Credit Union Of Florida has an average approval rate.

    Pick Rate

    Approvals leading to origination
    93.65%

    Central Credit Union Of Florida has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 63 $8,945,000 $141,984

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    63 $8,945,000 $141,984