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

Pine Bluff, AR

LEI: 549300UYF8OQLB7L7745

Tax ID: 71-0239411

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
  • 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 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, and Helena 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 a below 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 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.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.93% 11/22/24
    30 Year Conventional Refi 5.88% 11/22/24
    30 Year Cash-out Refi 7.10% 11/22/24
    30 Year VA Purchase 6.85% 11/22/24
    30 Year VA Refi 5.83% 11/22/24
    15 Year Conventional Purchase 7.29% 11/22/24
    15 Year Conventional Refi 7.35% 11/22/24
    15 Year Cash-out Refi 7.35% 11/22/24
    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

    55

    Origination Dollar Volume (All Markets)

    $4,175,000

    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) 43 $3,235,000 $75,233 $2,445 5.92%
    LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) 7 $585,000 $83,571 $4,462 5.46%
    Outside of Metro Areas 4 $340,000 $85,000 $2,971 7.03%
    Helena-West Helena, AR (FHA|USDA|VA) 1 $15,000 $15,000 $1,798 5.50%
    Pine Bluff Cotton Belt Federal Credit Union's top markets include Pine Bluff, Little Rock, and Helena among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 31 $2,895,000 $93,387 $2,770 5.01%
    HELOC 18 $560,000 $31,111 n/a 7.99%
    VA 6 $720,000 $120,000 $2,448 4.58%

    For 2019, Pine Bluff Cotton Belt Federal Credit Union's most frequently originated type of loan was Conventional, with 31 originations. Their 2nd most popular type was HELOC, with 18 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 19 $2,065,000 $108,684 $2,685 4.97%
    Cash Out Refi 18 $770,000 $42,778 $2,640 6.76%
    Other 7 $415,000 $59,286 $0 7.21%
    Refi 7 $825,000 $117,857 $3,050 4.55%
    Home Improvement 4 $100,000 $25,000 $2,085 6.99%

    For 2019, Pine Bluff Cotton Belt Federal Credit Union's most frequently cited loan purpose was Home Purchase, with 19 originations. The 2nd most popular reason was Cash Out Refi, with 18 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    15 Year 29 $1,525,000 $52,586 $2,772 6.72%
    30 Year 12 $1,650,000 $137,500 $3,267 4.83%
    10 Year 7 $255,000 $36,429 $2,182 5.15%
    Other 5 $515,000 $103,000 $2,079 5.68%
    20 Year 2 $230,000 $115,000 $2,972 4.50%

    For 2019, Pine Bluff Cotton Belt Federal Credit Union's most frequently cited loan duration was 15 Year, with 29 originations. The 2nd most popular length was 30 Year, with 12 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 18 $1,290,000 $71,667
    $1k-2k 11 $1,145,000 $104,091
    $2k-3k 4 $540,000 $135,000

    Pine Bluff Cotton Belt Federal Credit Union's average total fees were $3,267, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 18 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 25 $2,275,000 $91,000
    Over 8% 10 $280,000 $28,000
    5-6% 9 $635,000 $70,556
    6-7% 6 $220,000 $36,667
    7-8% 3 $335,000 $111,667
    3-4% 2 $430,000 $215,000

    During 2019, Pine Bluff Cotton Belt Federal Credit Union's average interest rate for loans was 4.83%, while their most frequently originated rate bucket for loans was 4-5%, with 25 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 39 $1,685,000 $43,205 $2,238 6.38%
    $100k-200k 14 $2,010,000 $143,571 $3,571 4.77%
    $200k-400k 2 $480,000 $240,000 $3,796 5.38%

    2019 saw Pine Bluff Cotton Belt Federal Credit Union place emphasis on $100,000 or less loans with 39 originations, totaling $1,685,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 20 $1,710,000 $85,500 $2,573 5.78%
    $75k-100k 12 $990,000 $82,500 $2,844 6.38%
    $100k-150k 10 $680,000 $68,000 $3,597 5.95%
    $50k or less 10 $620,000 $62,000 $2,056 5.75%
    $150k-250k 3 $175,000 $58,333 $3,019 5.83%

    Pine Bluff Cotton Belt Federal Credit Union lent most frequently to those with incomes in the $50k-75k range, with 20 originations. The second most popular income band? $75k-100k, with 12 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 13 $1,155,000 $88,846 $2,323 5.31%
    20-30% 13 $1,375,000 $105,769 $3,501 4.90%
    <20% 7 $335,000 $47,857 $3,067 6.23%
    39% 3 $385,000 $128,333 $1,151 5.88%
    41% 3 $265,000 $88,333 $2,671 5.71%
    40% 2 $160,000 $80,000 $0 6.88%
    37% 2 $60,000 $30,000 $1,039 5.63%
    38% 2 $50,000 $25,000 $1,563 7.25%
    45% 2 $30,000 $15,000 $0 8.75%
    46% 2 $100,000 $50,000 $0 9.38%
    47% 2 $110,000 $55,000 $2,972 6.50%
    >60% 1 $25,000 $25,000 $0 9.50%
    36% 1 $15,000 $15,000 $0 6.50%
    48% 1 $45,000 $45,000 $0 6.00%
    50-60% 1 $65,000 $65,000 $2,046 4.50%

    Pine Bluff Cotton Belt Federal Credit Union lent most frequently to those with DTI ratios of 30-36%, with 13 originations. The next most common DTI ratio? 20-30%, with 13 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Black 34 $2,320,000 $68,235 $2,432 6.38%
    White 19 $1,755,000 $92,368 $3,328 5.25%
    Asian 1 $75,000 $75,000 $146 4.88%
    American Indian 1 $25,000 $25,000 $1,039 4.75%

    Approval Rates

    Total approvals of all applications
    95.71%

    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
    83.64%

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

    Points and Fees

    Points Originations Total Value Average Loan
    NA 55 $4,175,000 $75,909

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 8 $560,000 $70,000
    Single Family (1-4 Units):Site-Built 47 $3,615,000 $76,915

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 5 $195,000 $39,000 $0 8.45%
    40-60% 5 $155,000 $31,000 $2,081 6.88%
    60-80% 15 $1,005,000 $67,000 $2,861 5.46%
    80-100% 23 $2,615,000 $113,696 $2,693 5.02%
    Under 20% 7 $205,000 $29,286 $0 7.50%