Community First Credit Union Of Flo Mortgage Rates, Fees & Info
Jacksonville, FLLEI: 549300PIL90PE1ZLKI49
Tax ID: 59-0227113
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Mortgage Data
Review & Overview
Community First Credit Union Of Flo is a smaller credit union specializing in Home Purchase loans. Community First Credit Union Of Flo has a high proportion of conventional loans. Their top markets by origination volume include: Jacksonville, Deltona, Tampa, Orlando, and St. Marys among others. We have data for 27 markets. (Some data included below & more in-depth data is available with an active subscription.)Community First Credit Union Of Flo has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Community First Credit Union Of Flo 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 |
|---|---|---|
| 30 Year Conventional Purchase | 6.04% | 11/17/24 |
| 30 Year Conventional Refi | 6.38% | 11/17/24 |
| 30 Year Cash-out Refi | 6.49% | 11/17/24 |
| 15 Year Conventional Purchase | 6.21% | 11/17/24 |
| 15 Year Conventional Refi | 6.05% | 11/17/24 |
| 15 Year Cash-out Refi | 6.05% | 11/17/24 |
| 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. | ||
Community First Credit Union Of Flo Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
782Origination Dollar Volume (All Markets)
$111,810,000Awards
COMMUNITY FIRST CREDIT UNION OF FLO - 2023
COMMUNITY FIRST CREDIT UNION OF FLO is a 2023 , due to their low .
For 2023, less than of lenders were eligible for this award.
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Relative Rate
Community First Credit Union Of Flo's average 30 year fixed mortgage rate was
6.62%.
The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.
This yields a difference of 0.14%.
Relative Fees (Closing Costs)
Community First Credit Union Of Flo's average total fees/closing costs for a 30 year fixed rate
mortgage were $3,516.
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 |
|---|---|---|---|---|---|
| JACKSONVILLE, FL (FHA|USDA|VA) | 726 | $97,200,000 | $133,884 | $979 | 7.19% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 9 | $2,715,000 | $301,667 | $2,666 | 7.27% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 5 | $2,075,000 | $415,000 | $6,111 | 6.73% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 3 | $1,435,000 | $478,333 | $4,963 | 7.00% |
| St. Marys, GA (FHA|USDA|VA) | 4 | $1,010,000 | $252,500 | $3,128 | 6.46% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 3 | $905,000 | $301,667 | $3,591 | 6.63% |
| Outside of Metro Areas | 3 | $875,000 | $291,667 | $3,390 | 6.32% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 3 | $865,000 | $288,333 | $2,575 | 6.84% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 1 | $645,000 | $645,000 | $10,434 | 5.88% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 2 | $410,000 | $205,000 | $2,090 | 6.67% |
| Palatka, FL (FHA|USDA|VA) | 4 | $360,000 | $90,000 | $575 | 7.73% |
| PANAMA CITY, FL (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $3,101 | 6.25% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $2,124 | 6.75% |
| OCALA, FL (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $2,418 | 5.95% |
| CANTON-MASSILLON, OH (FHA|USDA|VA) | 2 | $310,000 | $155,000 | $2,658 | 7.00% |
| GAINESVILLE, FL (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $4,905 | 6.50% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 2 | $270,000 | $135,000 | $2,136 | 6.90% |
| Cullowhee, NC (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $3,629 | 6.20% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $2,425 | 6.75% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $2,457 | 6.88% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 2 | $200,000 | $100,000 | $1,129 | 7.23% |
| JOHNSTOWN, PA (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $4,946 | 5.88% |
| Warren, PA (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $3,207 | 6.38% |
| BRUNSWICK, GA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $3,686 | 7.30% |
| FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $1,984 | 7.00% |
| Lake City, FL (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 9.38% |
| TALLAHASSEE, FL (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 7.93% |
Similar Lenders
We use machine learning to identify the top lenders compared against COMMUNITY FIRST CREDIT UNION OF FLO based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 782 | $111,810,000 | $142,980 | $1,132 | 7.17% |
For 2023, Community First Credit Union Of Flo's most frequently originated type of loan was Conventional, with 782 originations.
Loan Reason
For 2023, Community First Credit Union Of Flo's most frequently cited loan purpose was Home Improvement, with 307 originations. The 2nd most popular reason was Other, with 217 originations.
Loan Duration/Length
For 2023, Community First Credit Union Of Flo's most frequently cited loan duration was 15 Year, with 248 originations. The 2nd most popular length was 30 Year, with 224 originations.
Origination Fees/Closing Costs
Community First Credit Union Of Flo's average total fees were $3,516, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 768 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 350 | $63,920,000 | $182,629 |
| 7-8% | 227 | $24,395,000 | $107,467 |
| Over 8% | 149 | $11,585,000 | $77,752 |
| 5-6% | 55 | $10,825,000 | $196,818 |
| 4-5% | 1 | $1,085,000 | $1,085,000 |
During 2023, Community First Credit Union Of Flo's average interest rate for loans was 6.62%, while their most frequently originated rate bucket for loans was 6-7%, with 350 originations.
Loan Sizing
2023 saw Community First Credit Union Of Flo place emphasis on $100,000 or less loans with 440 originations, totaling $24,100,000 in origination value.
Applicant Income
Community First Credit Union Of Flo lent most frequently to those with incomes in the $100k-150k range, with 239 originations. The second most popular income band? $50k-75k, with 160 originations.
Applicant Debt to Income Ratio
Community First Credit Union Of Flo lent most frequently to those with DTI ratios of 20-30%, with 135 originations. The next most common DTI ratio? 30-36%, with 135 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications73.77%
Community First Credit Union Of Flo has a below average approval rate.
Pick Rate
Approvals leading to origination72.76%
Community First Credit Union Of Flo has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 782 | $111,810,000 | $142,980 |