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

Jacksonville, FL

LEI: 549300PIL90PE1ZLKI49

Tax ID: 59-0227113

5 stars - out of 5 stars, based on 34 reviews

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

Community First Credit Union Of Flo is a smaller credit union specializing in Cash Out Refi and Refi loans. Community First Credit Union Of Flo has a high proportion of conventional loans. Their top markets include Jacksonville, Orlando, Tampa, Deltona, and Palatka among others. Community First Credit Union Of Flo has a below average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. Community First Credit Union Of Flo is typically a low fee lendor.


Originations

1,127

Origination Dollar Volume (All Markets)

$197,405,000

Awards

COMMUNITY FIRST CREDIT UNION OF FLO 30 Year Conventional Loans gold
Show all (1) awards

Relative Rate

Community First Credit Union Of Flo's average 30 year fixed rate mortgage of loans were 3.24%.

The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.

This yields a difference of 0.09%.

Relative Fees

Community First Credit Union Of Flo's average total fees for a 30 year fixed rate mortgage are $3,169.

The average total origination fees for 30 year fixed rate mortgages (for all loan values, including both points & up-front fees in addition to origination fees) are $4,750.

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
JACKSONVILLE, FL (FHA|USDA|VA) 1,075 $187,065,000 $174,014 $2,292 3.01%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 7 $1,775,000 $253,571 $3,365 2.95%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 6 $1,600,000 $266,667 $3,682 3.15%
Outside of Metro Areas 9 $1,535,000 $170,556 $2,980 2.92%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 7 $1,075,000 $153,571 $2,502 3.06%
Palatka, FL (FHA|USDA|VA) 4 $590,000 $147,500 $2,436 2.71%
OCALA, FL (FHA|USDA|VA) 2 $530,000 $265,000 $3,782 3.10%
THE VILLAGES, FL (FHA|USDA|VA) 1 $295,000 $295,000 $3,663 3.00%
Forest City, NC (FHA|USDA|VA) 1 $285,000 $285,000 $2,954 3.38%
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 1 $255,000 $255,000 $5,826 3.00%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 1 $255,000 $255,000 $3,674 3.00%
Elko, NV (FHA|USDA|VA) 1 $255,000 $255,000 $2,578 2.25%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 1 $235,000 $235,000 $5,072 3.08%
TALLAHASSEE, FL (FHA|USDA|VA) 2 $220,000 $110,000 $3,896 3.25%
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 1 $215,000 $215,000 $5,098 3.00%
NEW BERN, NC (FHA|USDA|VA) 1 $195,000 $195,000 $1,627 3.13%
GAINESVILLE, FL (FHA|USDA|VA) 1 $195,000 $195,000 $2,578 2.25%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 1 $175,000 $175,000 $2,925 2.25%
Statesboro, GA (FHA|USDA|VA) 1 $165,000 $165,000 $2,891 2.50%
VALDOSTA, GA (FHA|USDA|VA) 1 $165,000 $165,000 $2,821 3.38%
FORT WAYNE, IN (FHA|USDA|VA) 1 $145,000 $145,000 $2,024 2.25%
READING, PA (FHA|USDA|VA) 1 $145,000 $145,000 $3,339 2.50%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 1 $35,000 $35,000 $0 3.30%

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

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 1,127 $197,405,000 $175,160 $2,330 3.01%

For the 2021 period, Community First Credit Union Of Flo's most frequently originated loan type of loans were Conventional, with 1,127 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Cash Out Refi 440 $88,370,000 $200,841 $2,725 2.91%
Refi 331 $56,955,000 $172,069 $2,563 2.73%
Home Improvement 159 $12,565,000 $79,025 $519 3.60%
Home Purchase 123 $31,115,000 $252,967 $3,443 3.01%
Other 74 $8,400,000 $113,514 $987 3.57%

For the 2021, Community First Credit Union Of Flo's most frequently cited loan purpose of loans were Cash Out Refi, with 440 originations. The 2nd most popular reason of loans were Refi, with 331 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
15 Year 502 $82,520,000 $164,382 $2,207 2.61%
30 Year 445 $99,225,000 $222,978 $3,169 3.24%
10 Year 108 $6,140,000 $56,852 $27 3.33%
20 Year 71 $9,465,000 $133,310 $1,467 3.88%
Other 1 $55,000 $55,000 $1,114 3.00%

For the 2021, Community First Credit Union Of Flo's most frequently cited loan length of loans were 15 Year, with 502 originations. The 2nd most popular length of loans were 30 Year, with 445 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$<1k 1,102 $191,250,000 $173,548
$3k-4k 11 $2,575,000 $234,091
$5k+ 10 $3,080,000 $308,000
$2k-3k 3 $305,000 $101,667
$1k-2k 1 $195,000 $195,000

$3,169 of loans were Community First Credit Union Of Flo's average total fees, while their most frequently occuring range of origination fees were in the $<1k bucket, with 1,102 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
3-4% 475 $87,235,000 $183,653
<2.5% 353 $63,975,000 $181,232
2.5-3% 233 $41,255,000 $177,060
4-5% 60 $4,420,000 $73,667
5-6% 6 $520,000 $86,667

During 2021, Community First Credit Union Of Flo's average interest rate of loans were 3.24%, while their most frequently originated rate bucket of loans were 3-4%, with 475 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$100k-200k 455 $66,935,000 $147,110 $2,371 2.88%
$200k-400k 344 $90,250,000 $262,355 $3,220 2.96%
$100,000 or less 283 $16,625,000 $58,746 $815 3.29%
$400k-600k 38 $18,570,000 $488,684 $4,368 2.88%
$600k-1MM 7 $5,025,000 $717,857 $6,155 2.63%

2021 saw Community First Credit Union Of Flo place emphasis on $100k-200k loans with 455 originations, totaling $66,935,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$50k-75k 306 $44,340,000 $144,902 $2,217 3.03%
$100k-150k 269 $53,265,000 $198,011 $2,529 3.08%
$75k-100k 240 $39,280,000 $163,667 $2,299 2.98%
$50k or less 153 $15,195,000 $99,314 $1,883 2.93%
$150k-250k 134 $35,450,000 $264,552 $2,621 2.97%
$250k+ 25 $9,875,000 $395,000 $3,064 2.88%

Community First Credit Union Of Flo lent most frequently to those with incomes in the $50k-75k range, with 306 originations. The second most popular income band? $100k-150k, with 269 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
20-30% 339 $57,295,000 $169,012 $2,316 2.95%
30-36% 235 $42,755,000 $181,936 $2,434 3.02%
<20% 129 $22,035,000 $170,814 $2,433 2.68%
42% 62 $10,660,000 $171,935 $2,070 3.25%
39% 57 $10,745,000 $188,509 $2,507 3.19%
38% 54 $10,160,000 $188,148 $2,361 3.06%
41% 54 $10,180,000 $188,519 $2,284 3.02%
37% 53 $9,765,000 $184,245 $2,422 3.00%
40% 48 $8,010,000 $166,875 $2,292 3.25%
36% 34 $4,970,000 $146,176 $2,048 3.04%
44% 17 $2,985,000 $175,588 $2,040 3.42%
43% 16 $2,730,000 $170,625 $1,778 3.31%
45% 8 $1,790,000 $223,750 $2,662 3.03%
46% 6 $1,360,000 $226,667 $2,573 3.42%
47% 5 $675,000 $135,000 $1,616 3.36%
49% 5 $495,000 $99,000 $1,327 3.45%
48% 3 $515,000 $171,667 $2,016 3.23%
50-60% 1 $205,000 $205,000 $2,763 3.75%

Community First Credit Union Of Flo lent most frequently to those with DTI ratios of 20-30%, with 339 originations. The next most common DTI ratio? 30-36%, with 235 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 833 $147,895,000 $177,545 $2,336 3.00%
Not provided 125 $20,855,000 $166,840 $2,186 3.04%
Black 128 $19,230,000 $150,234 $2,318 3.07%
Asian 28 $6,950,000 $248,214 $2,813 2.86%
American Indian 4 $860,000 $215,000 $2,118 3.26%
Other Asian 2 $480,000 $240,000 $2,611 2.81%
Native Hawaiian 2 $380,000 $190,000 $2,617 2.63%
Filipino 3 $285,000 $95,000 $2,652 2.79%
Vietnamese 1 $255,000 $255,000 $2,871 2.63%
Other Pacific Islander 1 $215,000 $215,000 $2,248 2.50%

Approval Rates

Total approvals of all applications
68.63%

Community First Credit Union Of Flo has a low approval rate. They may have poor market targeting or stringent lending standards.

Pick Rate

Approvals leading to origination
66.44%

Community First Credit Union Of Flo 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 1,127 $197,405,000 $175,160

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
1,127 $197,405,000 $175,160

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 192 $20,970,000 $109,219 $1,577 2.95%
40-60% 298 $50,330,000 $168,893 $2,488 2.79%
60-80% 377 $88,265,000 $234,125 $3,102 2.93%
80-100% 118 $30,960,000 $262,373 $3,282 3.06%
Under 20% 140 $6,740,000 $48,143 $182 3.71%

Complaints

Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
COMMUNITY MORTGAGE CORPORATION FHA mortgage Applying for a mortgage or refinancing an existing mortgage 1 100.0%