Community First Credit Union Of Flo Mortgage Rates, Fees & Info

Jacksonville, FL

LEI: 549300PIL90PE1ZLKI49

Tax ID: 59-0227113

5 stars - Updated: 10/13/24 - out of 5 stars, based on 28 reviews

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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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.

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
30 Year Conventional Purchase 6.04% 10/13/24
30 Year Conventional Refi 6.38% 10/13/24
30 Year Cash-out Refi 6.49% 10/13/24
15 Year Conventional Purchase 6.21% 10/13/24
15 Year Conventional Refi 6.05% 10/13/24
15 Year Cash-out Refi 6.05% 10/13/24
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






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from Community First Credit Union Of Flo. 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

782

Origination Dollar Volume (All Markets)

$111,810,000

Awards

COMMUNITY FIRST CREDIT UNION OF FLO 30 Year Conventional Loans gold COMMUNITY FIRST CREDIT UNION OF FLO 30 Year Conventional Loans bronze
Show all (2) awards

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%
Community First Credit Union Of Flo's top markets include Jacksonville, Deltona, Tampa, Orlando, and St. Marys among others.

Their top states include:
  • Florida (FHA|USDA|VA)
  • Georgia (FHA|USDA|VA)
  • North Carolina (FHA|USDA|VA)
  • Arizona (FHA|USDA|VA)
  • Ohio (FHA|USDA|VA)
  • 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.

    Coastline Federal Credit Union
    Similarity Rank: 574
    JAX
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    121 FINANCIAL
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    TrustCo Bank
    Similarity Rank: 1008
    HOMEAMERICAN MORTGAGE CORPORATION
    Similarity Rank: 1320
    Hancock Whitney Bank
    Similarity Rank: 1716
    COMMUNITY FIRST CREDIT UNION OF FLO
    Similarity Rank: 1890
    MATTAMY HOME FUNDING, LLC
    Similarity Rank: 1920
    South Pacific Financial Corporation
    Similarity Rank: 2442

    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

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 307 $22,045,000 $71,808 $67 7.39%
    Other 217 $19,065,000 $87,857 $162 7.44%
    Home Purchase 183 $58,345,000 $318,825 $3,827 6.57%
    Cash Out Refi 57 $9,875,000 $173,246 $1,890 6.97%
    Refi 18 $2,480,000 $137,778 $1,158 6.90%

    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

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    15 Year 248 $21,490,000 $86,653 $272 7.49%
    30 Year 224 $67,360,000 $300,714 $3,516 6.62%
    10 Year 202 $13,270,000 $65,693 $26 6.70%
    20 Year 106 $9,220,000 $86,981 $184 8.46%
    30+ year 1 $445,000 $445,000 $5,168 6.88%
    Other 1 $25,000 $25,000 $0 8.89%

    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

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 768 $105,240,000 $137,031
    $5k+ 5 $3,315,000 $663,000
    $2k-3k 4 $1,350,000 $337,500
    $3k-4k 3 $1,315,000 $438,333
    $1k-2k 2 $590,000 $295,000

    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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 440 $24,100,000 $54,773 $102 7.38%
    $200k-400k 155 $44,015,000 $283,968 $2,819 6.68%
    $100k-200k 145 $19,755,000 $136,241 $1,081 7.27%
    $400k-600k 30 $14,450,000 $481,667 $4,765 6.52%
    $600k-1MM 10 $7,140,000 $714,000 $8,268 6.48%
    $1MM+ 2 $2,350,000 $1,175,000 $10,323 5.44%

    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

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 239 $33,165,000 $138,766 $1,030 7.26%
    $50k-75k 160 $13,710,000 $85,688 $686 7.23%
    $75k-100k 146 $16,710,000 $114,452 $875 7.24%
    $150k-250k 130 $27,090,000 $208,385 $1,579 7.01%
    $50k or less 61 $3,965,000 $65,000 $706 7.15%
    $250k+ 46 $17,170,000 $373,261 $3,326 6.76%

    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

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 135 $20,075,000 $148,704 $1,311 6.84%
    30-36% 135 $20,305,000 $150,407 $1,223 7.04%
    41% 46 $6,920,000 $150,435 $930 7.43%
    44% 46 $6,330,000 $137,609 $921 7.38%
    42% 46 $6,490,000 $141,087 $1,092 7.06%
    38% 43 $6,005,000 $139,651 $1,264 7.10%
    <20% 39 $6,055,000 $155,256 $1,624 6.56%
    48% 37 $3,955,000 $106,892 $504 7.64%
    47% 37 $4,575,000 $123,649 $653 7.68%
    45% 34 $4,110,000 $120,882 $596 7.45%
    43% 33 $3,785,000 $114,697 $609 7.25%
    39% 29 $6,545,000 $225,690 $2,300 7.02%
    36% 29 $3,785,000 $130,517 $896 7.29%
    40% 26 $4,700,000 $180,769 $2,174 7.31%
    37% 26 $3,730,000 $143,462 $1,415 7.08%
    46% 22 $3,160,000 $143,636 $871 7.30%
    49% 19 $1,285,000 $67,632 $79 8.22%

    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

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 520 $73,940,000 $142,192 $1,162 7.16%
    Not provided 107 $15,765,000 $147,336 $1,169 7.19%
    Black 120 $14,450,000 $120,417 $773 7.20%
    Asian 24 $5,180,000 $215,833 $1,524 7.19%
    American Indian 7 $1,445,000 $206,429 $2,293 6.86%
    Filipino 1 $465,000 $465,000 $7,052 5.88%
    Asian Indian 1 $255,000 $255,000 $0 7.08%
    Native Hawaiian or Islander 1 $205,000 $205,000 $0 8.04%
    Other Asian 1 $105,000 $105,000 $3,244 7.88%

    Approval Rates

    Total approvals of all applications
    73.77%

    Community First Credit Union Of Flo has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    72.76%

    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

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    782 $111,810,000 $142,980

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 187 $19,815,000 $105,963 $255 7.45%
    40-60% 64 $14,130,000 $220,781 $2,409 6.93%
    60-80% 86 $26,390,000 $306,860 $3,521 6.62%
    80-100% 99 $32,735,000 $330,657 $3,637 6.54%
    Under 20% 346 $18,740,000 $54,162 $58 7.38%