Community First Credit Union Of Flo Mortgage Rates, Fees & InfoJacksonville, FL
Tax ID: 59-0227113
Latest/2022 | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Review & OverviewCommunity First Credit Union Of Flo is a smaller credit union specializing in Cash Out Refi and 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, Orlando, Palatka, and Pensacola among others. We have data for 21 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 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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|Simulated Rate||Simulation Date|
|30 Year Conventional Purchase||6.04%||12/10/23|
|30 Year Conventional Refi||6.38%||12/10/23|
|30 Year Cash-out Refi||6.49%||12/10/23|
|15 Year Conventional Purchase||6.21%||12/10/23|
|15 Year Conventional Refi||6.05%||12/10/23|
|15 Year Cash-out Refi||6.05%||12/10/23|
|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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This is not an official calculator from Community First Credit Union Of Flo. It uses our SimulatedRate™
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Origination Dollar Volume (All Markets)$154,445,000
COMMUNITY FIRST CREDIT UNION OF FLO - 2022
COMMUNITY FIRST CREDIT UNION OF FLO is a 2022 , due to their low .
For 2022, less than of lenders were eligible for this award.
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Community First Credit Union Of Flo's average 30 year fixed mortgage rate was
The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.
This yields a difference of -0.32%.
Relative Fees (Closing Costs)
Community First Credit Union Of Flo's average total fees/closing costs for a 30 year fixed rate
mortgage were $3,367.
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 $4,750.
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)||903||$140,925,000||$156,063||$1,738||4.73%|
|DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA)||15||$3,655,000||$243,667||$3,049||4.55%|
|ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA)||5||$1,615,000||$323,000||$3,978||5.18%|
|Outside of Metro Areas||9||$1,365,000||$151,667||$3,336||4.93%|
|Palatka, FL (FHA|USDA|VA)||9||$1,195,000||$132,778||$1,466||5.60%|
|PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA)||4||$880,000||$220,000||$3,492||3.04%|
|Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA)||2||$870,000||$435,000||$5,011||6.56%|
|TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA)||4||$610,000||$152,500||$1,806||5.15%|
|PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA)||2||$600,000||$300,000||$3,477||4.54%|
|GAINESVILLE, FL (FHA|USDA|VA)||3||$425,000||$141,667||$2,262||4.93%|
|CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA)||1||$365,000||$365,000||$2,638||5.50%|
|St. Marys, GA (FHA|USDA|VA)||2||$350,000||$175,000||$2,347||5.88%|
|ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA)||1||$275,000||$275,000||$3,291||5.13%|
|KANSAS CITY, MO-KS (FHA|USDA|VA)||1||$255,000||$255,000||$1,924||4.25%|
|TALLAHASSEE, FL (FHA|USDA|VA)||2||$230,000||$115,000||$1,486||6.12%|
|Maysville, KY (FHA|USDA|VA)||1||$205,000||$205,000||$6,451||5.13%|
|PANAMA CITY, FL (FHA|USDA|VA)||1||$195,000||$195,000||$2,612||5.50%|
|PORT ST. LUCIE, FL (FHA|USDA|VA)||1||$145,000||$145,000||$0||6.72%|
|ERIE, PA (FHA|USDA|VA)||1||$125,000||$125,000||$2,806||3.75%|
|HOMOSASSA SPRINGS, FL (FHA|USDA|VA)||1||$115,000||$115,000||$2,469||4.28%|
|LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA)||1||$45,000||$45,000||$0||5.16%|
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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|Loan Type||Originations||Total Value||Avg. Loan||Avg. Fees||Avg. Rate|
For 2022, Community First Credit Union Of Flo's most frequently originated type of loan was Conventional, with 969 originations.
For 2022, Community First Credit Union Of Flo's most frequently cited loan purpose was Cash Out Refi, with 271 originations. The 2nd most popular reason was Home Improvement, with 269 originations.
For 2022, Community First Credit Union Of Flo's most frequently cited loan duration was 30 Year, with 393 originations. The 2nd most popular length was 10 Year, with 230 originations.
Origination Fees/Closing Costs
|Origination Fee/Closing Cost||Originations||Total Value||Average Loan|
Community First Credit Union Of Flo's average total fees were $3,367, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 945 originations.
During 2022, Community First Credit Union Of Flo's average interest rate for loans was 4.44%, while their most frequently originated rate bucket for loans was 3-4%, with 302 originations.
2022 saw Community First Credit Union Of Flo place emphasis on $100,000 or less loans with 408 originations, totaling $22,490,000 in origination value.
Community First Credit Union Of Flo lent most frequently to those with incomes in the $100k-150k range, with 251 originations. The second most popular income band? $50k-75k, with 228 originations.
Applicant Debt to Income Ratio
Community First Credit Union Of Flo lent most frequently to those with DTI ratios of 30-36%, with 236 originations. The next most common DTI ratio? 20-30%, with 202 originations.
Approval RatesTotal approvals of all applications
Community First Credit Union Of Flo has a below average approval rate.
Pick RateApprovals leading to origination
Community First Credit Union Of Flo has a below average pick rate.
Points and Fees
|Points||Originations||Total Value||Average Loan|
|Bank Name||Product||Issue||2022 CPFB Complaints||% of Total Issues|
|Community Loan Servicing, LLC (formerly known as Bayview Loan Servicing, LLC)||FHA mortgage||Struggling to pay mortgage||2||66.7%|
|Community Loan Servicing, LLC (formerly known as Bayview Loan Servicing, LLC)||Other type of mortgage||Trouble during payment process||1||33.3%|