Ccm Finance Mortgage Rates, Fees & Info
Sauk Centre, MNLEI: 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 markets by origination volume include: Minneapolis, St. Cloud, and Brainerd among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)Ccm Finance has an above average approval rate when compared to the average across all lenders.
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Originations
78Origination Dollar Volume (All Markets)
$16,540,000Top 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 |
|---|---|---|---|---|---|
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 74 | $16,080,000 | $217,297 | $0 | 9.20% |
| ST. CLOUD, MN (FHA|USDA|VA) | 2 | $210,000 | $105,000 | $0 | 10.00% |
| Outside of Metro Areas | 1 | $135,000 | $135,000 | $0 | 9.00% |
| Brainerd, MN (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 9.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 78 | $16,540,000 | $212,051 | $0 | 9.22% |
For 2020, Ccm Finance's most frequently originated type of loan was Conventional, with 78 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 70 | $15,480,000 | $221,143 | $0 | 9.31% |
| Other | 6 | $820,000 | $136,667 | $0 | 9.00% |
| Cash Out Refi | 2 | $240,000 | $120,000 | $0 | 6.50% |
For 2020, Ccm Finance's most frequently cited loan purpose was Home Purchase, with 70 originations. The 2nd most popular reason was Other, with 6 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 1 Year | 57 | $12,315,000 | $216,053 | $0 | 9.16% |
| Other | 21 | $4,225,000 | $201,190 | $0 | 9.38% |
For 2020, Ccm Finance's most frequently cited loan duration was 1 Year, with 57 originations. The 2nd most popular length was Other, with 21 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| Over 8% | 56 | $12,480,000 | $222,857 |
| 7-8% | 20 | $3,820,000 | $191,000 |
| 6-7% | 2 | $240,000 | $120,000 |
During 2020, Ccm Finance's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was Over 8%, with 56 originations.
Loan Sizing
2020 saw Ccm Finance place emphasis on $100k-200k loans with 45 originations, totaling $6,665,000 in origination value.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Not applicable | 78 | $16,540,000 | $212,051 | $0 | 9.22% |
Approval Rates
Total approvals of all applications100.00%
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 originationPoints and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 78 | $16,540,000 | $212,051 |