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 Refi 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, Orlando, Deltona, Miami, and Palatka 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 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 an average 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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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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
1,250Origination Dollar Volume (All Markets)
$214,340,000Top 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) | 1,203 | $206,275,000 | $171,467 | $3,881 | 3.39% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 6 | $1,310,000 | $218,333 | $4,861 | 3.23% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 6 | $1,090,000 | $181,667 | $4,535 | 3.37% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 3 | $745,000 | $248,333 | $5,125 | 3.14% |
| Palatka, FL (FHA|USDA|VA) | 5 | $705,000 | $141,000 | $3,415 | 3.05% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 2 | $620,000 | $310,000 | $6,078 | 3.24% |
| TALLAHASSEE, FL (FHA|USDA|VA) | 4 | $580,000 | $145,000 | $3,017 | 3.45% |
| GAINESVILLE, FL (FHA|USDA|VA) | 3 | $475,000 | $158,333 | $3,928 | 3.64% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 3 | $395,000 | $131,667 | $3,141 | 2.71% |
| OCALA, FL (FHA|USDA|VA) | 3 | $395,000 | $131,667 | $3,590 | 3.63% |
| FORT WAYNE, IN (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $2,505 | 2.25% |
| Shelbyville, TN (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $4,551 | 2.88% |
| Outside of Metro Areas | 2 | $180,000 | $90,000 | $1,899 | 3.33% |
| ASHEVILLE, NC (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $4,006 | 3.35% |
| THE VILLAGES, FL (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $4,139 | 3.10% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $4,074 | 3.33% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $3,694 | 3.33% |
| Lake City, FL (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $3,684 | 2.88% |
| Boone, NC (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $2,697 | 3.48% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $2,438 | 3.23% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 5.82% |
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 | 1,130 | $205,820,000 | $182,142 | $3,883 | 3.29% |
| HELOC | 120 | $8,520,000 | $71,000 | n/a | 4.30% |
For 2020, Community First Credit Union Of Flo's most frequently originated type of loan was Conventional, with 1,130 originations. Their 2nd most popular type was HELOC, with 120 originations.
Loan Reason
For 2020, Community First Credit Union Of Flo's most frequently cited loan purpose was Refi, with 458 originations. The 2nd most popular reason was Cash Out Refi, with 350 originations.
Loan Duration/Length
For 2020, Community First Credit Union Of Flo's most frequently cited loan duration was 30 Year, with 542 originations. The 2nd most popular length was 15 Year, with 404 originations.
Origination Fees/Closing Costs
Community First Credit Union Of Flo's average total fees were $4,716, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 360 originations.
Interest Rates
During 2020, Community First Credit Union Of Flo's average interest rate for loans was 3.68%, while their most frequently originated rate bucket for loans was 3-4%, with 696 originations.
Loan Sizing
2020 saw Community First Credit Union Of Flo place emphasis on $100k-200k loans with 479 originations, totaling $72,625,000 in origination value.
Applicant Income
Community First Credit Union Of Flo lent most frequently to those with incomes in the $100k-150k range, with 331 originations. The second most popular income band? $50k-75k, with 302 originations.
Applicant Debt to Income Ratio
Community First Credit Union Of Flo lent most frequently to those with DTI ratios of 20-30%, with 389 originations. The next most common DTI ratio? 30-36%, with 280 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications69.13%
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 origination59.20%
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 | 1,250 | $214,340,000 | $171,472 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 14 | $1,400,000 | $100,000 |
| Single Family (1-4 Units):Site-Built | 1,236 | $212,940,000 | $172,282 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2020 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| COMMUNITY BANK SYSTEM, INC. | Conventional home mortgage | Struggling to pay mortgage | 1 | 33.3% |
| COMMUNITY BANK SYSTEM, INC. | Conventional home mortgage | Trouble during payment process | 1 | 33.3% |
| COMMUNITY BANK SYSTEM, INC. | Other type of mortgage | Closing on a mortgage | 1 | 33.3% |