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

Jacksonville, FL

LEI: 549300PIL90PE1ZLKI49

Tax ID: 59-0227113

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

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Community First Credit Union Of Flo is a smaller credit union specializing in Home Purchase and Cash Out Refi loans. Community First Credit Union Of Flo has a high proportion of conventional loans. Their top markets by origination volume include: Jacksonville, Deltona, Raleigh, Atlanta, and Palatka among others. We have data for 30 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Community First Credit Union Of Flo 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. 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.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.04% 4/21/24
    30 Year Conventional Refi 6.38% 4/21/24
    30 Year Cash-out Refi 6.49% 4/21/24
    15 Year Conventional Purchase 6.21% 4/21/24
    15 Year Conventional Refi 6.05% 4/21/24
    15 Year Cash-out Refi 6.05% 4/21/24
    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

    519

    Origination Dollar Volume (All Markets)

    $87,625,000

    Awards

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

    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) 478 $79,430,000 $166,172 $2,316 4.43%
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 6 $1,370,000 $228,333 $2,865 4.25%
    RALEIGH-CARY, NC (FHA|USDA|VA) 1 $755,000 $755,000 $3,006 4.25%
    ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 3 $665,000 $221,667 $2,272 4.40%
    Palatka, FL (FHA|USDA|VA) 3 $405,000 $135,000 $2,403 4.83%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 2 $370,000 $185,000 $2,638 4.16%
    WINSTON-SALEM, NC (FHA|USDA|VA) 1 $335,000 $335,000 $0 4.58%
    GAINESVILLE, FL (FHA|USDA|VA) 2 $330,000 $165,000 $3,540 3.93%
    Cordele, GA (FHA|USDA|VA) 1 $325,000 $325,000 $1,830 3.88%
    PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 2 $310,000 $155,000 $2,439 4.25%
    ASHEVILLE, NC (FHA|USDA|VA) 1 $295,000 $295,000 $2,885 4.58%
    Lake City, FL (FHA|USDA|VA) 1 $285,000 $285,000 $3,458 5.00%
    Shelbyville, TN (FHA|USDA|VA) 1 $275,000 $275,000 $2,203 4.75%
    PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 1 $265,000 $265,000 $1,024 3.88%
    STAUNTON, VA (FHA|USDA|VA) 1 $255,000 $255,000 $4,016 4.38%
    HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 1 $245,000 $245,000 $2,376 4.88%
    RICHMOND, VA (FHA|USDA|VA) 1 $235,000 $235,000 $3,963 4.50%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 1 $215,000 $215,000 $2,989 4.05%
    PANAMA CITY, FL (FHA|USDA|VA) 1 $175,000 $175,000 $2,450 4.63%
    Vidalia, GA (FHA|USDA|VA) 1 $175,000 $175,000 $2,140 4.05%
    THE VILLAGES, FL (FHA|USDA|VA) 1 $155,000 $155,000 $2,373 3.63%
    TALLAHASSEE, FL (FHA|USDA|VA) 1 $135,000 $135,000 $1,473 4.58%
    DECATUR, AL (FHA|USDA|VA) 1 $135,000 $135,000 $2,092 4.83%
    Waycross, GA (FHA|USDA|VA) 1 $115,000 $115,000 $2,534 5.00%
    NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 1 $105,000 $105,000 $2,466 3.75%
    HINESVILLE, GA (FHA|USDA|VA) 1 $95,000 $95,000 $2,280 3.88%
    Jasper, IN (FHA|USDA|VA) 1 $55,000 $55,000 $1,641 3.88%
    COLUMBUS, GA-AL (FHA|USDA|VA) 1 $55,000 $55,000 $1,997 4.38%
    OCALA, FL (FHA|USDA|VA) 1 $35,000 $35,000 $1,700 3.88%
    PITTSBURGH, PA (FHA|USDA|VA) 1 $25,000 $25,000 $2,673 3.50%
    Community First Credit Union Of Flo's top markets include Jacksonville, Deltona, Raleigh, Atlanta, and Palatka among others.

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

    Third Federal Savings and Loan Association of Cleveland
    Similarity Rank: 614
    VYSTAR
    Similarity Rank: 936
    HOME SOLUTION LENDERS INC.
    Similarity Rank: 945
    FIRST EQUITY MORTGAGE INCORPORATED
    Similarity Rank: 988
    121 FINANCIAL
    Similarity Rank: 1272
    COMMUNITY FIRST CREDIT UNION OF FLO
    Similarity Rank: 1380
    City Lending Inc.
    Similarity Rank: 1974
    BANKERS MORTGAGE LENDING, INC.
    Similarity Rank: 2080
    WATSON MORTGAGE CORP.
    Similarity Rank: 2310
    VILLAGE CAPITAL MORTGAGE
    Similarity Rank: 2872

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 517 $87,455,000 $169,159 $2,335 4.42%
    HELOC 2 $170,000 $85,000 n/a 5.38%

    For 2018, Community First Credit Union Of Flo's most frequently originated type of loan was Conventional, with 517 originations. Their 2nd most popular type was HELOC, with 2 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 228 $44,890,000 $196,886 $2,476 4.52%
    Cash Out Refi 140 $21,410,000 $152,929 $2,265 4.36%
    Other 62 $8,530,000 $137,581 $2,336 4.43%
    Refi 62 $8,940,000 $144,194 $2,084 4.15%
    Home Improvement 27 $3,855,000 $142,778 $2,046 4.57%

    For 2018, Community First Credit Union Of Flo's most frequently cited loan purpose was Home Purchase, with 228 originations. The 2nd most popular reason was Cash Out Refi, with 140 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 278 $52,650,000 $189,388 $2,468 4.73%
    15 Year 157 $25,185,000 $160,414 $2,262 3.96%
    10 Year 49 $4,185,000 $85,408 $1,852 3.86%
    20 Year 34 $5,100,000 $150,000 $2,079 4.89%
    5 Year 1 $505,000 $505,000 $0 5.00%

    For 2018, Community First Credit Union Of Flo's most frequently cited loan duration was 30 Year, with 278 originations. The 2nd most popular length was 15 Year, with 157 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 479 $79,585,000 $166,148
    $1k-2k 19 $3,255,000 $171,316
    $2k-3k 12 $3,160,000 $263,333
    $3k-4k 2 $810,000 $405,000

    Community First Credit Union Of Flo's average total fees were $2,468, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 479 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 289 $52,125,000 $180,363
    3-4% 167 $25,975,000 $155,539
    5-6% 56 $9,060,000 $161,786
    6-7% 3 $255,000 $85,000
    2.5-3% 2 $130,000 $65,000
    7-8% 2 $80,000 $40,000

    During 2018, Community First Credit Union Of Flo's average interest rate for loans was 4.73%, while their most frequently originated rate bucket for loans was 4-5%, with 289 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 270 $39,380,000 $145,852 $2,137 4.42%
    $200k-400k 139 $35,495,000 $255,360 $2,881 4.50%
    $100,000 or less 96 $6,070,000 $63,229 $1,851 4.34%
    $400k-600k 13 $5,925,000 $455,769 $3,726 4.33%
    $600k-1MM 1 $755,000 $755,000 $3,006 4.25%

    2018 saw Community First Credit Union Of Flo place emphasis on $100k-200k loans with 270 originations, totaling $39,380,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 136 $19,770,000 $145,368 $2,128 4.47%
    $75k-100k 118 $19,850,000 $168,220 $2,319 4.56%
    $100k-150k 116 $22,570,000 $194,569 $2,566 4.38%
    $50k or less 82 $7,520,000 $91,707 $1,945 4.34%
    $150k-250k 58 $14,440,000 $248,966 $2,883 4.25%
    $250k+ 8 $2,970,000 $371,250 $2,537 4.25%

    Community First Credit Union Of Flo lent most frequently to those with incomes in the $50k-75k range, with 136 originations. The second most popular income band? $75k-100k, with 118 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 154 $24,070,000 $156,299 $2,362 4.31%
    30-36% 119 $21,455,000 $180,294 $2,310 4.43%
    <20% 46 $6,350,000 $138,043 $2,168 4.31%
    40% 36 $6,610,000 $183,611 $2,493 4.50%
    42% 33 $5,885,000 $178,333 $2,235 4.63%
    38% 28 $4,470,000 $159,643 $2,387 4.59%
    39% 26 $4,610,000 $177,308 $2,057 4.67%
    37% 24 $3,790,000 $157,917 $2,254 4.37%
    36% 22 $4,740,000 $215,455 $2,634 4.36%
    41% 21 $3,125,000 $148,810 $2,410 4.39%
    >60% 3 $485,000 $161,667 $2,000 5.07%
    44% 2 $540,000 $270,000 $2,806 3.98%
    50-60% 2 $520,000 $260,000 $3,369 5.44%
    43% 1 $315,000 $315,000 $3,611 5.13%
    46% 1 $155,000 $155,000 $2,910 4.35%

    Community First Credit Union Of Flo lent most frequently to those with DTI ratios of 20-30%, with 154 originations. The next most common DTI ratio? 30-36%, with 119 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 404 $69,790,000 $172,748 $2,367 4.42%
    Not provided 63 $9,625,000 $152,778 $2,178 4.45%
    Black 35 $4,605,000 $131,571 $2,159 4.40%
    Asian 11 $2,495,000 $226,818 $2,830 4.34%
    Not applicable 1 $505,000 $505,000 $0 5.00%
    Asian Indian 3 $355,000 $118,333 $1,691 4.64%
    American Indian 1 $165,000 $165,000 $2,131 5.13%
    Other Pacific Islander 1 $85,000 $85,000 $1,543 3.63%

    Approval Rates

    Total approvals of all applications
    63.84%

    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
    48.75%

    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 519 $87,625,000 $168,834

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 1 $505,000 $505,000
    Single Family (1-4 Units):Manufactured 8 $570,000 $71,250
    Single Family (1-4 Units):Site-Built 510 $86,550,000 $169,706

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 54 $4,660,000 $86,296 $1,903 4.08%
    40-60% 85 $11,285,000 $132,765 $2,223 4.16%
    60-80% 208 $39,080,000 $187,885 $2,483 4.45%
    80-100% 151 $31,475,000 $208,444 $2,393 4.59%
    Under 20% 21 $1,125,000 $53,571 $1,610 4.91%

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    Community Loan Fund of New Jersey, Inc Conventional home mortgage Struggling to pay mortgage 1 100.0%