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, Red Wing, Duluth, and Grand Rapids among others. We have data for 6 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
99Origination Dollar Volume (All Markets)
$25,865,000Top 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) | 94 | $24,990,000 | $265,851 | $0 | 8.89% |
| ST. CLOUD, MN (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $0 | 8.00% |
| Red Wing, MN (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 8.00% |
| DULUTH, MN-WI (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 8.00% |
| Grand Rapids, MN (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 10.00% |
| Willmar, MN (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 10.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 99 | $25,865,000 | $261,263 | $0 | 8.88% |
For 2021, Ccm Finance's most frequently originated type of loan was Conventional, with 99 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 96 | $25,250,000 | $263,021 | $0 | 8.88% |
| Other | 3 | $615,000 | $205,000 | $0 | 9.00% |
For 2021, Ccm Finance's most frequently cited loan purpose was Home Purchase, with 96 originations. The 2nd most popular reason was Other, with 3 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 1 Year | 75 | $20,565,000 | $274,200 | $0 | 9.14% |
| Other | 24 | $5,300,000 | $220,833 | $0 | 8.08% |
For 2021, Ccm Finance's most frequently cited loan duration was 1 Year, with 75 originations. The 2nd most popular length was Other, with 24 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 7-8% | 51 | $11,805,000 | $231,471 |
| Over 8% | 48 | $14,060,000 | $292,917 |
During 2021, Ccm Finance's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 7-8%, with 51 originations.
Loan Sizing
2021 saw Ccm Finance place emphasis on $200k-400k loans with 49 originations, totaling $13,585,000 in origination value.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Not applicable | 99 | $25,865,000 | $261,263 | $0 | 8.88% |
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 | 99 | $25,865,000 | $261,263 |