Community 1st Credit Union Mortgage Rates, Fees & Info

Ottumwa, IA

LEI: 549300WOW2HLRVN4O324

Tax ID: 42-0686459

5 stars - Updated: 4/5/25 - out of 5 stars, based on 33 reviews

Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Relative Rates
  • Relative Fees
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • 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 1st Credit Union is a smaller credit union specializing in Refi and Home Purchase loans. Community 1st Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Ottumwa, Pella, Des Moines, Oskaloosa, and Fairfield among others. We have data for 15 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Community 1st 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. Community 1st 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.

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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    Home Equity Line of Credit (HELOC) 6.94% 4/5/25
    30 Year Conventional Purchase 7.21% 4/5/25
    30 Year Conventional Refi 6.89% 4/5/25
    15 Year Conventional Purchase 7.05% 4/5/25
    15 Year Conventional Refi 7.93% 4/5/25
    15 Year Cash-out Refi 7.93% 4/5/25
    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 1st Credit Union Mortgage Calculator






    Your Estimates

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

    This is not an official calculator from Community 1st 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

    1,089

    Origination Dollar Volume (All Markets)

    $91,015,000
    Show all (8) awards

    Relative Rate

    Community 1st Credit Union's average 30 year fixed mortgage rate was 6.89%.

    The 2024 average 30 year fixed rate mortgage across all markets and lenders was 6.55%.

    This yields a difference of 0.34%.

    Relative Fees (Closing Costs)

    Community 1st Credit Union's average total fees/closing costs for a 30 year fixed rate mortgage were $2,338.

    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 $8,356.

    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
    Outside of Metro Areas 455 $38,305,000 $84,187 $1,400 4.07%
    Ottumwa, IA (FHA|USDA|VA) 219 $18,035,000 $82,352 $1,520 4.32%
    Pella, IA (FHA|USDA|VA) 100 $8,820,000 $88,200 $784 2.54%
    DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) 72 $7,180,000 $99,722 $1,058 3.44%
    Oskaloosa, IA (FHA|USDA|VA) 100 $6,920,000 $69,200 $890 3.39%
    Fairfield, IA (FHA|USDA|VA) 57 $5,125,000 $89,912 $1,438 3.82%
    CEDAR RAPIDS, IA (FHA|USDA|VA) 44 $2,790,000 $63,409 $721 2.09%
    IOWA CITY, IA (FHA|USDA|VA) 20 $2,020,000 $101,000 $924 3.57%
    Burlington, IA-IL (FHA|USDA|VA) 7 $465,000 $66,429 $1,626 4.82%
    WATERLOO-CEDAR FALLS, IA (FHA|USDA|VA) 2 $420,000 $210,000 $2,571 6.94%
    Marshalltown, IA (FHA|USDA|VA) 5 $365,000 $73,000 $1,792 5.83%
    Clinton, IA (FHA|USDA|VA) 1 $195,000 $195,000 $0 8.00%
    OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) 4 $160,000 $40,000 $1,653 3.00%
    Fort Madison-Keokuk, IA-IL-MO (FHA|USDA|VA) 2 $140,000 $70,000 $1,211 3.88%
    AMES, IA (FHA|USDA|VA) 1 $75,000 $75,000 $0 1.00%
    Community 1st Credit Union's top markets include Ottumwa, Pella, Des Moines, Oskaloosa, and Fairfield among others.

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

    • Similar Lenders

    We use machine learning to identify the top lenders compared against COMMUNITY 1ST CREDIT UNION based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    Bank
    Similarity Rank: 42
    FINANCIAL PLUS Credit Union
    Similarity Rank: 72
    Bankers Trust Company
    Similarity Rank: 180
    GREATER IOWA CREDIT UNION
    Similarity Rank: 187
    Farmers State Bank
    Similarity Rank: 276
    Tradesmen Community Credit Union
    Similarity Rank: 360
    Luana Savings Bank
    Similarity Rank: 399
    Alerus Financial
    Similarity Rank: 435
    Collins Community Credit Union
    Similarity Rank: 442
    Community Choice Credit Union
    Similarity Rank: 510

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 748 $73,210,000 $97,874 $1,289 4.96%
    HELOC 341 $17,805,000 $52,214 n/a 1.20%

    For 2024, Community 1st Credit Union's most frequently originated type of loan was Conventional, with 748 originations. Their 2nd most popular type was HELOC, with 341 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 757 $47,775,000 $63,111 $514 2.50%
    Home Purchase 311 $41,105,000 $132,170 $2,412 6.81%
    Home Improvement 10 $1,240,000 $124,000 $2,489 6.15%
    Cash Out Refi 10 $490,000 $49,000 $815 4.05%
    NA 1 $405,000 $405,000 $5,422 7.50%

    For 2024, Community 1st Credit Union's most frequently cited loan purpose was Refi, with 757 originations. The 2nd most popular reason was Home Purchase, with 311 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 451 $30,835,000 $68,370 $192 1.39%
    30 Year 270 $38,520,000 $142,667 $2,338 6.89%
    20 Year 228 $12,680,000 $55,614 $1,036 3.05%
    15 Year 96 $6,650,000 $69,271 $1,461 6.52%
    10 Year 25 $965,000 $38,600 $196 7.19%
    5 Year 12 $290,000 $24,167 $0 6.87%
    1 Year 7 $1,075,000 $153,571 $0 7.79%

    For 2024, Community 1st Credit Union's most frequently cited loan duration was Other, with 451 originations. The 2nd most popular length was 30 Year, with 270 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 709 $67,485,000 $95,183
    $1k-2k 3 $455,000 $151,667
    $3k-4k 2 $790,000 $395,000
    $4k-5k 2 $900,000 $450,000
    $2k-3k 1 $225,000 $225,000

    Community 1st Credit Union's average total fees were $2,338, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 709 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    <2.5% 594 $31,260,000 $52,626
    6-7% 306 $43,500,000 $142,157
    7-8% 121 $12,255,000 $101,281
    Over 8% 55 $2,805,000 $51,000
    5-6% 6 $820,000 $136,667
    4-5% 5 $235,000 $47,000
    3-4% 1 $135,000 $135,000
    2.5-3% 1 $5,000 $5,000

    During 2024, Community 1st Credit Union's average interest rate for loans was 6.89%, while their most frequently originated rate bucket for loans was <2.5%, with 594 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 785 $37,135,000 $47,306 $855 3.06%
    $100k-200k 213 $28,485,000 $133,732 $1,963 5.47%
    $200k-400k 84 $22,080,000 $262,857 $2,268 6.00%
    $400k-600k 7 $3,315,000 $473,571 $2,907 6.89%

    2024 saw Community 1st Credit Union place emphasis on $100,000 or less loans with 785 originations, totaling $37,135,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 299 $24,085,000 $80,552 $1,600 4.46%
    $100k-150k 231 $19,895,000 $86,126 $939 3.11%
    $50k or less 203 $11,125,000 $54,803 $1,464 4.17%
    $75k-100k 186 $15,250,000 $81,989 $1,123 3.55%
    $150k-250k 124 $14,760,000 $119,032 $961 2.89%
    $250k+ 25 $3,555,000 $142,200 $902 2.47%

    Community 1st Credit Union lent most frequently to those with incomes in the $50k-75k range, with 299 originations. The second most popular income band? $100k-150k, with 231 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 299 $21,055,000 $70,418 $1,087 3.13%
    30-36% 229 $21,305,000 $93,035 $1,446 4.50%
    <20% 218 $11,540,000 $52,936 $681 2.37%
    38% 49 $5,855,000 $119,490 $1,863 5.49%
    39% 47 $3,635,000 $77,340 $1,381 3.88%
    37% 37 $3,415,000 $92,297 $1,499 5.16%
    36% 34 $4,430,000 $130,294 $1,736 3.91%
    40% 34 $4,730,000 $139,118 $1,998 6.33%
    42% 29 $3,615,000 $124,655 $1,816 4.97%
    41% 25 $2,635,000 $105,400 $1,677 5.42%
    44% 18 $1,800,000 $100,000 $1,455 2.98%
    43% 14 $1,740,000 $124,286 $1,555 4.72%
    50-60% 9 $405,000 $45,000 $0 1.00%
    46% 6 $700,000 $116,667 $1,136 3.77%
    45% 5 $555,000 $111,000 $1,248 4.73%
    >60% 4 $340,000 $85,000 $1,221 4.47%
    48% 4 $350,000 $87,500 $320 1.00%
    47% 3 $195,000 $65,000 $225 3.66%
    49% 2 $300,000 $150,000 $450 1.00%

    Community 1st Credit Union lent most frequently to those with DTI ratios of 20-30%, with 299 originations. The next most common DTI ratio? 30-36%, with 229 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,032 $84,710,000 $82,083 $1,272 3.71%
    Not provided 19 $2,815,000 $148,158 $1,957 4.55%
    Not applicable 20 $2,110,000 $105,500 $410 7.26%
    Black 9 $575,000 $63,889 $1,472 2.92%
    American Indian 4 $350,000 $87,500 $2,024 3.88%
    Asian 4 $340,000 $85,000 $1,797 3.72%
    Native Hawaiian or Islander 1 $115,000 $115,000 $2,576 6.88%

    Approval Rates

    Total approvals of all applications
    91.52%

    Community 1st Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    78.33%

    Community 1st Credit Union has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 1,089 $91,015,000 $83,577

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    1,089 $91,015,000 $83,577

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 280 $15,940,000 $56,929 $368 2.28%
    40-60% 117 $11,075,000 $94,658 $1,153 3.56%
    60-80% 138 $18,940,000 $137,246 $2,032 6.22%
    80-100% 231 $33,415,000 $144,654 $2,436 6.82%
    Over 100% 1 $305,000 $305,000 $0 7.00%
    Under 20% 322 $11,340,000 $35,217 $103 1.95%