Pine Bluff Cotton Belt Federal Credit Union Mortgage Rates, Fees & Info

Pine Bluff, AR

LEI: 549300UYF8OQLB7L7745

Tax ID: 71-0239411

5 stars - Updated: 11/17/24 - out of 5 stars, based on 9 reviews

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

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Relative Rates
  • Relative Fees
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • 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

    Pine Bluff Cotton Belt Federal Credit Union is a smaller credit union specializing in Home Purchase and Other loans. Pine Bluff Cotton Belt Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Pine Bluff, Little Rock, Hot Springs, and Fort Smith among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Pine Bluff Cotton Belt Federal Credit Union has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders. Pine Bluff Cotton Belt Federal Credit Union 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.

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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.93% 11/17/24
    30 Year Conventional Refi 5.88% 11/17/24
    30 Year Cash-out Refi 7.10% 11/17/24
    30 Year VA Purchase 6.85% 11/17/24
    30 Year VA Refi 5.83% 11/17/24
    15 Year Conventional Purchase 7.29% 11/17/24
    15 Year Conventional Refi 7.35% 11/17/24
    15 Year Cash-out Refi 7.35% 11/17/24
    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.

    Pine Bluff Cotton Belt Federal Credit Union Mortgage Calculator






    Your Estimates

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

    This is not an official calculator from Pine Bluff Cotton Belt Federal Credit Union. 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

    75

    Origination Dollar Volume (All Markets)

    $8,835,000

    Awards

    PINE BLUFF COTTON BELT Federal Credit Union 30 Year Conventional Loans gold
    Show all (1) awards

    Relative Rate

    Pine Bluff Cotton Belt Federal Credit Union's average 30 year fixed mortgage rate was 6.35%.

    The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

    This yields a difference of -0.13%.

    Relative Fees (Closing Costs)

    Pine Bluff Cotton Belt Federal Credit Union's average total fees/closing costs for a 30 year fixed rate mortgage were $3,047.

    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
    PINE BLUFF, AR (FHA|USDA|VA) 64 $7,240,000 $113,125 $2,810 6.42%
    LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) 9 $1,255,000 $139,444 $1,787 7.56%
    HOT SPRINGS, AR (FHA|USDA|VA) 1 $185,000 $185,000 $4,184 6.13%
    FORT SMITH, AR-OK (FHA|USDA|VA) 1 $155,000 $155,000 $3,518 7.32%
    Pine Bluff Cotton Belt Federal Credit Union's top markets include Pine Bluff, Little Rock, Hot Springs, and Fort Smith among others.

    Their top states include:
  • Arkansas (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 66 $7,190,000 $108,939 $2,523 7.01%
    VA 5 $1,515,000 $303,000 $5,239 5.98%
    HELOC 4 $130,000 $32,500 n/a 0.00%

    For 2023, Pine Bluff Cotton Belt Federal Credit Union's most frequently originated type of loan was Conventional, with 66 originations. Their 2nd most popular type was VA, with 5 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 29 $3,125,000 $107,759 $2,683 6.53%
    Cash Out Refi 26 $1,440,000 $55,385 $2,479 5.75%
    Other 10 $2,590,000 $259,000 $1,903 8.90%
    Refi 8 $1,630,000 $203,750 $3,898 6.36%
    Home Improvement 2 $50,000 $25,000 $1,375 6.88%

    For 2023, Pine Bluff Cotton Belt Federal Credit Union's most frequently cited loan purpose was Home Purchase, with 29 originations. The 2nd most popular reason was Cash Out Refi, with 26 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    15 Year 28 $1,640,000 $58,571 $2,649 5.82%
    30 Year 19 $3,415,000 $179,737 $3,047 6.35%
    Other 15 $3,105,000 $207,000 $2,761 8.30%
    10 Year 8 $310,000 $38,750 $2,338 6.50%
    20 Year 4 $340,000 $85,000 $2,135 6.56%
    3 Year 1 $25,000 $25,000 $0 6.13%

    For 2023, Pine Bluff Cotton Belt Federal Credit Union's most frequently cited loan duration was 15 Year, with 28 originations. The 2nd most popular length was 30 Year, with 19 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 33 $4,105,000 $124,394
    $1k-2k 28 $2,090,000 $74,643
    $2k-3k 6 $1,170,000 $195,000
    $3k-4k 2 $700,000 $350,000
    $5k+ 1 $545,000 $545,000

    Pine Bluff Cotton Belt Federal Credit Union's average total fees were $3,047, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 33 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 41 $3,505,000 $85,488
    7-8% 14 $2,180,000 $155,714
    Over 8% 9 $2,005,000 $222,778
    5-6% 6 $600,000 $100,000
    <2.5% 4 $130,000 $32,500
    4-5% 1 $415,000 $415,000

    During 2023, Pine Bluff Cotton Belt Federal Credit Union's average interest rate for loans was 6.35%, while their most frequently originated rate bucket for loans was 6-7%, with 41 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 48 $2,560,000 $53,333 $2,410 6.16%
    $100k-200k 14 $1,990,000 $142,143 $3,146 6.62%
    $200k-400k 8 $1,990,000 $248,750 $3,135 8.23%
    $400k-600k 5 $2,295,000 $459,000 $7,401 7.70%

    2023 saw Pine Bluff Cotton Belt Federal Credit Union place emphasis on $100,000 or less loans with 48 originations, totaling $2,560,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 31 $2,915,000 $94,032 $2,618 6.55%
    $100k-150k 19 $2,865,000 $150,789 $2,972 6.82%
    $50k or less 16 $920,000 $57,500 $2,445 6.12%
    $75k-100k 7 $1,175,000 $167,857 $2,504 7.14%
    $150k-250k 2 $960,000 $480,000 $7,401 6.06%

    Pine Bluff Cotton Belt Federal Credit Union lent most frequently to those with incomes in the $50k-75k range, with 31 originations. The second most popular income band? $100k-150k, with 19 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 16 $2,260,000 $141,250 $3,405 6.27%
    20-30% 14 $1,850,000 $132,143 $1,630 6.68%
    <20% 11 $525,000 $47,727 $2,217 6.19%
    50-60% 7 $715,000 $102,143 $2,377 6.88%
    41% 5 $625,000 $125,000 $3,376 6.80%
    47% 3 $275,000 $91,667 $2,974 6.46%
    >60% 2 $130,000 $65,000 $3,093 6.00%
    36% 2 $300,000 $150,000 $2,221 6.31%
    37% 2 $180,000 $90,000 $2,705 6.78%
    42% 2 $300,000 $150,000 $3,550 7.25%
    43% 2 $90,000 $45,000 $2,578 3.44%
    45% 2 $470,000 $235,000 $2,782 9.29%
    49% 2 $540,000 $270,000 $1,991 7.75%
    44% 1 $115,000 $115,000 $3,489 6.75%
    48% 1 $35,000 $35,000 $0 6.25%
    38% 1 $125,000 $125,000 $3,775 5.31%
    40% 1 $95,000 $95,000 $0 6.50%
    46% 1 $205,000 $205,000 $0 10.50%

    Pine Bluff Cotton Belt Federal Credit Union lent most frequently to those with DTI ratios of 30-36%, with 16 originations. The next most common DTI ratio? 20-30%, with 14 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Black 47 $5,695,000 $121,170 $2,724 6.80%
    White 26 $2,940,000 $113,077 $2,749 6.14%
    Chinese 2 $200,000 $100,000 $2,707 6.56%

    Approval Rates

    Total approvals of all applications
    97.56%

    Pine Bluff Cotton Belt Federal Credit Union has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    94.67%

    Pine Bluff Cotton Belt Federal Credit Union has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 75 $8,835,000 $117,800

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    75 $8,835,000 $117,800

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 12 $600,000 $50,000 $2,565 4.94%
    40-60% 7 $505,000 $72,143 $2,662 6.93%
    60-80% 13 $1,285,000 $98,846 $3,124 6.80%
    80-100% 37 $6,005,000 $162,297 $2,678 6.99%
    Over 100% 2 $360,000 $180,000 $4,311 8.13%
    Under 20% 4 $80,000 $20,000 $1,866 5.38%