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 (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
97Origination Dollar Volume (All Markets)
$29,635,000Top 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) | 95 | $29,355,000 | $309,000 | $0 | 10.03% |
| Outside of Metro Areas | 2 | $280,000 | $140,000 | $0 | 10.13% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 97 | $29,635,000 | $305,515 | $0 | 10.03% |
For 2022, Ccm Finance's most frequently originated type of loan was Conventional, with 97 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 94 | $27,580,000 | $293,404 | $0 | 10.04% |
| Home Improvement | 3 | $2,055,000 | $685,000 | $0 | 9.75% |
For 2022, Ccm Finance's most frequently cited loan purpose was Home Purchase, with 94 originations. The 2nd most popular reason was Home Improvement, with 3 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 1 Year | 82 | $25,540,000 | $311,463 | $0 | 10.03% |
| Other | 15 | $4,095,000 | $273,000 | $0 | 10.03% |
For 2022, Ccm Finance's most frequently cited loan duration was 1 Year, with 82 originations. The 2nd most popular length was Other, with 15 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| Over 8% | 93 | $28,365,000 | $305,000 |
| 7-8% | 4 | $1,270,000 | $317,500 |
During 2022, Ccm Finance's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was Over 8%, with 93 originations.
Loan Sizing
2022 saw Ccm Finance place emphasis on $200k-400k loans with 55 originations, totaling $15,785,000 in origination value.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Not applicable | 97 | $29,635,000 | $305,515 | $0 | 10.03% |
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 | 97 | $29,635,000 | $305,515 |