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 Cash Out Refi and Refi loans. Community First Credit Union Of Flo has a high proportion of conventional loans. Their top markets by origination volume include: Jacksonville, Orlando, Tampa, Deltona, and Palatka among others. We have data for 23 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.

    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

    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

    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) 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.

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

    LOANFLIGHT LENDING, LLC
    Similarity Rank: 1040
    Suncoast Credit Union
    Similarity Rank: 1365
    SPACE COAST Credit Union
    Similarity Rank: 2079
    Seacoast National Bank
    Similarity Rank: 2548
    HOME SOLUTION LENDERS INC.
    Similarity Rank: 3300
    JAX
    Similarity Rank: 4158
    FIRST EQUITY MORTGAGE INCORPORATED
    Similarity Rank: 4173
    COMMUNITY FIRST CREDIT UNION OF FLO
    Similarity Rank: 4439
    121 FINANCIAL
    Similarity Rank: 4550
    Cf Bank
    Similarity Rank: 5301

    Product Mix

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

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

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. 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 2021, Community First Credit Union Of Flo's most frequently cited loan purpose was Cash Out Refi, with 440 originations. The 2nd most popular reason was 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 2021, Community First Credit Union Of Flo's most frequently cited loan duration was 15 Year, with 502 originations. The 2nd most popular length was 30 Year, with 445 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 1,102 $191,250,000 $173,548
    $5k+ 10 $3,080,000 $308,000
    $4k-5k 6 $1,720,000 $286,667
    $3k-4k 5 $855,000 $171,000
    $2k-3k 3 $305,000 $101,667
    $1k-2k 1 $195,000 $195,000

    Community First Credit Union Of Flo's average total fees were $3,169, while their most frequently occuring range of origination fees (closing costs) 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 for loans was 3.24%, while their most frequently originated rate bucket for loans was 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 or Islander 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
    70.63%

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

    Pick Rate

    Approvals leading to origination
    79.50%

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

    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%