Central Missouri Community Credit Union Mortgage Rates, Fees & Info
Warrensburg, MOLEI: 549300IGNOIAXDMNRD90
Tax ID: 44-0666515
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
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.
Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.
Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.
SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
---|---|---|
Home Equity Line of Credit (HELOC) | 6.27% | 9/1/24 |
30 Year Conventional Purchase | 6.35% | 9/1/24 |
30 Year Conventional Refi | 6.27% | 9/1/24 |
30 Year Cash-out Refi | 6.77% | 9/1/24 |
15 Year Conventional Purchase | 6.09% | 9/1/24 |
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
Your Estimates
Estimated Loan Payment: Update the calculator values and click calculate payment!
This is not an official calculator from Central Missouri Community Credit Union. It uses our SimulatedRate™
technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.
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 |