Community 1st Credit Union Mortgage Rates, Fees & Info
Ottumwa, IALEI: 549300WOW2HLRVN4O324
Tax ID: 42-0686459
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Mortgage Data
Review & Overview
Community 1st Credit Union is a smaller credit union specializing in Cash Out Refi, Home Purchase, and Refi loans. Community 1st Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Ottumwa, Des Moines, Pella, Oskaloosa, and Fairfield among others. We have data for 16 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 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 | 6.94% | 12/9/24 |
30 Year Conventional Refi | 6.83% | 12/9/24 |
30 Year Cash-out Refi | 6.97% | 12/9/24 |
15 Year Conventional Purchase | 5.91% | 12/9/24 |
15 Year Conventional Refi | 5.91% | 12/9/24 |
15 Year Cash-out Refi | 5.91% | 12/9/24 |
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 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
1,141Origination Dollar Volume (All Markets)
$97,555,000COMMUNITY 1ST CREDIT UNION - 2023
COMMUNITY 1ST CREDIT UNION is a 2023 , due to their low .
For 2023, less than of lenders were eligible for this award.
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Relative Rate
Community 1st Credit Union's average 30 year fixed mortgage rate was
6.37%.
The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.
This yields a difference of -0.11%.
Relative Fees (Closing Costs)
Community 1st Credit Union's average total fees/closing costs for a 30 year fixed rate
mortgage were $2,355.
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 |
---|---|---|---|---|---|
Outside of Metro Areas | 423 | $37,555,000 | $88,783 | $1,493 | 4.13% |
Ottumwa, IA (FHA|USDA|VA) | 257 | $20,485,000 | $79,708 | $1,458 | 4.43% |
DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) | 103 | $8,985,000 | $87,233 | $896 | 3.21% |
Pella, IA (FHA|USDA|VA) | 97 | $8,825,000 | $90,979 | $697 | 2.48% |
Oskaloosa, IA (FHA|USDA|VA) | 106 | $7,920,000 | $74,717 | $1,236 | 4.12% |
Fairfield, IA (FHA|USDA|VA) | 60 | $6,220,000 | $103,667 | $1,622 | 4.17% |
CEDAR RAPIDS, IA (FHA|USDA|VA) | 39 | $2,785,000 | $71,410 | $749 | 2.94% |
IOWA CITY, IA (FHA|USDA|VA) | 23 | $1,595,000 | $69,348 | $1,128 | 3.31% |
Marshalltown, IA (FHA|USDA|VA) | 14 | $1,560,000 | $111,429 | $2,672 | 6.36% |
Burlington, IA-IL (FHA|USDA|VA) | 7 | $715,000 | $102,143 | $2,445 | 5.61% |
OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) | 6 | $460,000 | $76,667 | $2,727 | 4.08% |
Muscatine, IA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $1,756 | 6.25% |
AMES, IA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $2,082 | 6.25% |
Fort Madison-Keokuk, IA-IL-MO (FHA|USDA|VA) | 2 | $100,000 | $50,000 | $2,456 | 4.00% |
WATERLOO-CEDAR FALLS, IA (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 8.49% |
ST. LOUIS, MO-IL (FHA|USDA|VA) | 1 | $15,000 | $15,000 | $0 | 1.00% |
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.
Similarity Rank: 26
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Similarity Rank: 128
Similarity Rank: 168
Similarity Rank: 170
Similarity Rank: 175
Similarity Rank: 182
Similarity Rank: 200
Product Mix
Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
---|---|---|---|---|---|
Conventional | 879 | $83,245,000 | $94,704 | $1,352 | 4.76% |
HELOC | 262 | $14,310,000 | $54,618 | n/a | 1.27% |
For 2023, Community 1st Credit Union's most frequently originated type of loan was Conventional, with 879 originations. Their 2nd most popular type was HELOC, with 262 originations.
Loan Reason
For 2023, Community 1st Credit Union's most frequently cited loan purpose was Cash Out Refi, with 432 originations. The 2nd most popular reason was Home Purchase, with 422 originations.
Loan Duration/Length
For 2023, Community 1st Credit Union's most frequently cited loan duration was Other, with 405 originations. The 2nd most popular length was 30 Year, with 337 originations.
Origination Fees/Closing Costs
Community 1st Credit Union's average total fees were $2,355, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 840 originations.
Interest Rates
Loan Rate | Originations | Total Value | Average Loan |
---|---|---|---|
<2.5% | 546 | $27,840,000 | $50,989 |
6-7% | 246 | $30,650,000 | $124,593 |
5-6% | 210 | $28,510,000 | $135,762 |
7-8% | 94 | $7,380,000 | $78,511 |
Over 8% | 45 | $3,175,000 | $70,556 |
During 2023, Community 1st Credit Union's average interest rate for loans was 6.37%, while their most frequently originated rate bucket for loans was <2.5%, with 546 originations.
Loan Sizing
2023 saw Community 1st Credit Union place emphasis on $100,000 or less loans with 798 originations, totaling $38,430,000 in origination value.
Applicant Income
Community 1st Credit Union lent most frequently to those with incomes in the $50k-75k range, with 328 originations. The second most popular income band? $100k-150k, with 240 originations.
Applicant Debt to Income Ratio
Community 1st Credit Union lent most frequently to those with DTI ratios of 20-30%, with 332 originations. The next most common DTI ratio? <20%, with 236 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications91.06%
Community 1st Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination80.46%
Community 1st Credit Union has a below average pick rate.
Points and Fees
Points | Originations | Total Value | Average Loan |
---|---|---|---|
NA | 1,141 | $97,555,000 | $85,500 |