Ccm Finance Mortgage Rates, Fees & Info

Sauk Centre, MN

LEI: 549300HH2N9Q3HH7XL57

Tax ID: 30-0999121

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Mortgage Data

Review & Overview

Ccm Finance is a smaller mortgage company specializing in Home Purchase loans. Ccm Finance has a high proportion of conventional loans. Their top (well, only) market is Minneapolis.

Ccm Finance has an above average approval rate when compared to the average across all lenders.

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Originations

27

Origination Dollar Volume (All Markets)

$7,835,000

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
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 26 $7,130,000 $274,231 $0 12.33%
Outside of Metro Areas 1 $705,000 $705,000 $0 12.00%
Ccm Finance's top markets include and Minneapolis among others.

Their top states include:
  • Minnesota (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 27 $7,835,000 $290,185 $0 12.31%

    For 2023, Ccm Finance's most frequently originated type of loan was Conventional, with 27 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 26 $7,610,000 $292,692 $0 12.33%
    Other 1 $225,000 $225,000 $0 12.00%

    For 2023, Ccm Finance's most frequently cited loan purpose was Home Purchase, with 26 originations. The 2nd most popular reason was Other, with 1 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    1 Year 26 $7,730,000 $297,308 $0 12.33%
    Other 1 $105,000 $105,000 $0 12.00%

    For 2023, Ccm Finance's most frequently cited loan duration was 1 Year, with 26 originations. The 2nd most popular length was Other, with 1 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    Over 8% 27 $7,835,000 $290,185

    During 2023, Ccm Finance's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was Over 8%, with 27 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 13 $3,485,000 $268,077 $0 12.46%
    $100k-200k 8 $1,340,000 $167,500 $0 12.25%
    $400k-600k 5 $2,305,000 $461,000 $0 12.10%
    $600k-1MM 1 $705,000 $705,000 $0 12.00%

    2023 saw Ccm Finance place emphasis on $200k-400k loans with 13 originations, totaling $3,485,000 in origination value.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 27 $7,835,000 $290,185 $0 12.31%

    Approval Rates

    Total approvals of all applications
    100.00%

    Ccm Finance has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination

    Points and Fees

    Points Originations Total Value Average Loan
    NA 27 $7,835,000 $290,185

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    27 $7,835,000 $290,185

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 1 $115,000 $115,000 $0 12.00%
    40-60% 2 $420,000 $210,000 $0 12.50%
    60-80% 17 $4,915,000 $289,118 $0 12.32%
    80-100% 4 $1,350,000 $337,500 $0 12.50%
    Over 100% 1 $705,000 $705,000 $0 12.00%
    Under 20% 1 $105,000 $105,000 $0 12.00%