Pine Bluff Cotton Belt Federal Credit Union Mortgage Rates, Fees & Info
Pine Bluff, ARLEI: 549300UYF8OQLB7L7745
Tax ID: 71-0239411
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Mortgage Data
Review & Overview
Pine Bluff Cotton Belt Federal Credit Union is a smaller credit union specializing in Home Purchase and Refi 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 Hot Springs 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 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.93% | 11/21/24 |
| 30 Year Conventional Refi | 5.88% | 11/21/24 |
| 30 Year Cash-out Refi | 7.10% | 11/21/24 |
| 30 Year VA Purchase | 6.85% | 11/21/24 |
| 30 Year VA Refi | 5.83% | 11/21/24 |
| 15 Year Conventional Purchase | 7.29% | 11/21/24 |
| 15 Year Conventional Refi | 7.35% | 11/21/24 |
| 15 Year Cash-out Refi | 7.35% | 11/21/24 |
| 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. | ||
Pine Bluff Cotton Belt Federal Credit Union Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
55Origination Dollar Volume (All Markets)
$5,675,000Top 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 |
|---|---|---|---|---|---|
| PINE BLUFF, AR (FHA|USDA|VA) | 42 | $4,390,000 | $104,524 | $2,411 | 4.48% |
| LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) | 7 | $665,000 | $95,000 | $3,378 | 4.27% |
| Outside of Metro Areas | 5 | $505,000 | $101,000 | $3,159 | 4.68% |
| HOT SPRINGS, AR (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $2,783 | 2.75% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 40 | $4,490,000 | $112,250 | $2,528 | 4.23% |
| HELOC | 9 | $335,000 | $37,222 | n/a | 5.72% |
| VA | 6 | $850,000 | $141,667 | $3,230 | 3.83% |
For 2020, Pine Bluff Cotton Belt Federal Credit Union's most frequently originated type of loan was Conventional, with 40 originations. Their 2nd most popular type was HELOC, with 9 originations.
Loan Reason
For 2020, 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 15 originations.
Loan Duration/Length
For 2020, Pine Bluff Cotton Belt Federal Credit Union's most frequently cited loan duration was 15 Year, with 20 originations. The 2nd most popular length was 30 Year, with 16 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 26 | $2,360,000 | $90,769 |
| $1k-2k | 13 | $1,545,000 | $118,846 |
| $2k-3k | 3 | $635,000 | $211,667 |
| $4k-5k | 1 | $275,000 | $275,000 |
Pine Bluff Cotton Belt Federal Credit Union's average total fees were $3,256, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 26 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 4-5% | 28 | $2,270,000 | $81,071 |
| 3-4% | 8 | $1,280,000 | $160,000 |
| 5-6% | 8 | $1,070,000 | $133,750 |
| 2.5-3% | 5 | $775,000 | $155,000 |
| 6-7% | 5 | $145,000 | $29,000 |
During 2020, Pine Bluff Cotton Belt Federal Credit Union's average interest rate for loans was 3.60%, while their most frequently originated rate bucket for loans was 4-5%, with 28 originations.
Loan Sizing
2020 saw Pine Bluff Cotton Belt Federal Credit Union place emphasis on $100,000 or less loans with 33 originations, totaling $1,765,000 in origination value.
Applicant Income
Pine Bluff Cotton Belt Federal Credit Union lent most frequently to those with incomes in the $50k-75k range, with 22 originations. The second most popular income band? $50k or less, with 19 originations.
Applicant Debt to Income Ratio
Pine Bluff Cotton Belt Federal Credit Union lent most frequently to those with DTI ratios of 30-36%, with 15 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 | 28 | $2,860,000 | $102,143 | $2,329 | 4.56% |
| White | 27 | $2,815,000 | $104,259 | $2,961 | 4.30% |
Approval Rates
Total approvals of all applications83.15%
Pine Bluff Cotton Belt Federal Credit Union has a below average approval rate.
Pick Rate
Approvals leading to origination83.64%
Pine Bluff Cotton Belt Federal Credit Union has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 55 | $5,675,000 | $103,182 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 4 | $310,000 | $77,500 |
| Single Family (1-4 Units):Site-Built | 51 | $5,365,000 | $105,196 |