Central Missouri Community Credit Union Mortgage Rates, Fees & Info
Warrensburg, MOLEI: 549300IGNOIAXDMNRD90
Tax ID: 44-0666515
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Mortgage Data
Review & Overview
Central Missouri Community Credit Union is a smaller credit union specializing in Cash Out Refi, Home Purchase, and Refi loans. Central Missouri Community Credit Union has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: Kansas City, Marshall, Warrensburg, and Sedalia among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)Central Missouri Community Credit Union has a below average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Central Missouri Community Credit Union is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have relatively high rates.
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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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 6.27% | 12/16/24 |
| 30 Year Conventional Purchase | 6.35% | 12/16/24 |
| 30 Year Conventional Refi | 6.27% | 12/16/24 |
| 30 Year Cash-out Refi | 6.77% | 12/16/24 |
| 15 Year Conventional Purchase | 6.09% | 12/16/24 |
| These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates. | ||
Central Missouri Community Credit Union Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
33Origination Dollar Volume (All Markets)
$2,555,000Relative Rate
Central Missouri Community Credit Union's average 30 year fixed mortgage rate was
7%.
The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.
This yields a difference of 0.52%.
Relative Fees (Closing Costs)
Central Missouri Community Credit Union's average total fees/closing costs for a 30 year fixed rate
mortgage were $3,001.
The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including
both points & up-front fees in addition to origination fees) were $9,089.
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 |
|---|---|---|---|---|---|
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 13 | $1,055,000 | $81,154 | $2,120 | 6.35% |
| Marshall, MO (FHA|USDA|VA) | 5 | $605,000 | $121,000 | $2,779 | 7.03% |
| Warrensburg, MO (FHA|USDA|VA) | 8 | $420,000 | $52,500 | $2,111 | 6.33% |
| Sedalia, MO (FHA|USDA|VA) | 6 | $390,000 | $65,000 | $1,866 | 4.81% |
| Outside of Metro Areas | 1 | $85,000 | $85,000 | $2,724 | 7.63% |
Similar Lenders
We use machine learning to identify the top lenders compared against CENTRAL MISSOURI COMMUNITY CREDIT UNION based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
Similarity Rank: 378
Similarity Rank: 1430
Similarity Rank: 4131
Similarity Rank: 4445
Similarity Rank: 6426
Similarity Rank: 8163
Similarity Rank: 12525
Similarity Rank: 18560
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 32 | $2,480,000 | $77,500 | $2,135 | 6.19% |
| FHA | 1 | $75,000 | $75,000 | $4,274 | 6.75% |
For 2023, Central Missouri Community Credit Union's most frequently originated type of loan was Conventional, with 32 originations. Their 2nd most popular type was FHA, with 1 originations.
Loan Reason
For 2023, Central Missouri Community Credit Union's most frequently cited loan purpose was Cash Out Refi, with 21 originations. The 2nd most popular reason was Home Purchase, with 7 originations.
Loan Duration/Length
For 2023, Central Missouri Community Credit Union's most frequently cited loan duration was 15 Year, with 19 originations. The 2nd most popular length was 30 Year, with 9 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 22 | $1,210,000 | $55,000 |
| $1k-2k | 9 | $895,000 | $99,444 |
| $2k-3k | 2 | $450,000 | $225,000 |
Central Missouri Community Credit Union's average total fees were $3,001, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 22 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 7-8% | 11 | $625,000 | $56,818 |
| 6-7% | 9 | $1,175,000 | $130,556 |
| <2.5% | 5 | $225,000 | $45,000 |
| Over 8% | 5 | $255,000 | $51,000 |
| 5-6% | 3 | $275,000 | $91,667 |
During 2023, Central Missouri Community Credit Union's average interest rate for loans was 7.00%, while their most frequently originated rate bucket for loans was 7-8%, with 11 originations.
Loan Sizing
2023 saw Central Missouri Community Credit Union place emphasis on $100,000 or less loans with 26 originations, totaling $1,340,000 in origination value.
Applicant Income
Central Missouri Community Credit Union lent most frequently to those with incomes in the $100k-150k range, with 9 originations. The second most popular income band? $50k-75k, with 9 originations.
Applicant Debt to Income Ratio
Central Missouri Community Credit Union lent most frequently to those with DTI ratios of 20-30%, with 13 originations. The next most common DTI ratio? <20%, with 8 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications67.31%
Central Missouri Community Credit Union has a low approval rate. They may have poor market targeting or stringent lending standards.
Pick Rate
Approvals leading to origination-9.09%
Central Missouri Community Credit Union has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 33 | $2,555,000 | $77,424 |