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 Home Purchase and Cash Out Refi loans. Central Missouri Community Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Warrensburg, Kansas City, Sedalia, St. Joseph, and Marshall among others. We have data for 6 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 about average 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
49Origination Dollar Volume (All Markets)
$5,395,000Top 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 |
|---|---|---|---|---|---|
| Warrensburg, MO (FHA|USDA|VA) | 23 | $2,555,000 | $111,087 | $2,520 | 3.54% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 12 | $1,720,000 | $143,333 | $3,342 | 3.11% |
| Outside of Metro Areas | 9 | $645,000 | $71,667 | $2,504 | 3.82% |
| Sedalia, MO (FHA|USDA|VA) | 3 | $355,000 | $118,333 | $1,249 | 3.54% |
| ST. JOSEPH, MO-KS (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $4,101 | 3.13% |
| Marshall, MO (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 5.75% |
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: 84
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 43 | $5,135,000 | $119,419 | $2,695 | 3.22% |
| HELOC | 6 | $260,000 | $43,333 | n/a | 5.75% |
For 2020, Central Missouri Community Credit Union's most frequently originated type of loan was Conventional, with 43 originations. Their 2nd most popular type was HELOC, with 6 originations.
Loan Reason
For 2020, Central Missouri Community Credit Union's most frequently cited loan purpose was Home Purchase, with 17 originations. The 2nd most popular reason was Cash Out Refi, with 16 originations.
Loan Duration/Length
For 2020, Central Missouri Community Credit Union's most frequently cited loan duration was 30 Year, with 31 originations. The 2nd most popular length was 15 Year, with 13 originations.
Origination Fees/Closing Costs
Central Missouri Community Credit Union's average total fees were $2,722, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 25 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 24 | $2,680,000 | $111,667 |
| 2.5-3% | 11 | $1,235,000 | $112,273 |
| <2.5% | 6 | $1,080,000 | $180,000 |
| 5-6% | 6 | $260,000 | $43,333 |
| 4-5% | 2 | $140,000 | $70,000 |
During 2020, Central Missouri Community Credit Union's average interest rate for loans was 3.27%, while their most frequently originated rate bucket for loans was 3-4%, with 24 originations.
Loan Sizing
2020 saw Central Missouri Community Credit Union place emphasis on $100,000 or less loans with 27 originations, totaling $1,685,000 in origination value.
Applicant Income
Central Missouri Community Credit Union lent most frequently to those with incomes in the $50k-75k range, with 19 originations. The second most popular income band? $50k or less, with 11 originations.
Applicant Debt to Income Ratio
Central Missouri Community Credit Union lent most frequently to those with DTI ratios of 20-30%, with 18 originations. The next most common DTI ratio? <20%, with 13 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications47.25%
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 origination26.53%
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 | 49 | $5,395,000 | $110,102 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 6 | $510,000 | $85,000 |
| Single Family (1-4 Units):Site-Built | 43 | $4,885,000 | $113,605 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2020 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| CENTERSTATE BANK CORPORATION | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 25.0% |
| CENTERSTATE BANK CORPORATION | Conventional home mortgage | Trouble during payment process | 2 | 50.0% |
| CENTERSTATE BANK CORPORATION | FHA mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 25.0% |