Is Community Credit Union Of Florida a cheap or expensive mortgage lender? To help you shop for a mortgage, we compare the interest rates and closing costs charged by Community Credit Union Of Florida to those of other lenders for a comparable set of borrowers. Here is our review of Community Credit Union Of Florida nationally:
| Review Item | Community Credit Union Of Florida |
|---|---|
| Interest Rate | higher than other lenders (+0.14%) |
| Loan Related Closing Costs | similar to other lenders (-$233) |
| National Rate and Closing Cost Star Rating | (3) |
On average, Community Credit Union Of Florida’s interest rates were higher than those of other lenders (+0.14%). On the other hand, its loan related closing costs were similar to those of other lenders, with a difference of -$233. Overall, combining interest rates and closing costs we estimate that Community Credit Union Of Florida tends to be an average cost lender, and give it a National Rate and Closing Costs Rating of 3 out of 5 stars.
We maintain our independence by not accepting any money from the mortgage lenders we review. To visit Community Credit Union Of Florida, check out its website at: https://ccuflorida.org.
Community Credit Union Of Florida’s Rate Review by City
Mortgage lenders often set different rates in different geographical markets. For our list of the top mortgage lenders by city, click here. In particular, among the cities we track Community Credit Union Of Florida was most active in:
Community Credit Union Of Florida’s Rate Review by Mortgage Type
Mortgage lenders also tend to charge different interest rates and closing costs depending on the type of mortgage. In our data, Community Credit Union Of Florida originated Conforming, Jumbo and VA mortgages for new home purchases. It also originated Conforming and VA mortgages for refinances. Its average interest rate and total loan related closing cost difference relative to other lenders for comparable borrowers by mortgages type is as follows.
| New Purchase Mortgages | Conforming | Jumbo | VA |
|---|---|---|---|
| Interest Rate Difference | +0.28% | +0.02% | -0.01% |
| Loan Related Closing Cost Difference | -$93 | -$1 | -$28 |
| Cost Adjusted Rate Difference | +0.27% | +0.02% | -0.01% |
| National Star Rating |
| Refinance Mortgages | Conforming | VA |
|---|---|---|
| Interest Rate Difference | +0.03% | +0.00% |
| Loan Related Closing Cost Difference | -$372 | -$39 |
| Cost Adjusted Rate Difference | -0.07% | -0.00% |
| Average Star Rating |
As a summary, Community Credit Union Of Florida is similar to other lenders for Jumbo and VA purchase mortgages. It is more expensive than other lenders for Conforming purchase mortgages. For refinancing mortgages, Community Credit Union Of Florida is cheap for Conforming mortgage refinance. It is similar to other lenders for VA mortgage refinance. Nevertheless, individual circumstances can matter a lot for mortgage rates, and we always recommend shopping among several of our top mortgage lenders in your area before signing.
Other information about Community Credit Union Of Florida:
Registered city and state: ROCKLEDGE, FL, 32955
Regulator: National Credit Union Administration (NCUA)
* Source of the data is Federal Financial Institutions Examination Council (FFIEC) and is for mortgages originated in the past year. Our comparable mortgages analysis controls for Community Credit Union Of Florida’s distribution of loan term (e.g. 30 year vs 15 year), loan-to-value (LTV), debt-to-income (DTI), loan amount, loan program (e.g. Conforming/FHA), loan purpose (e.g. purchase/refinance), and commuting zone. Cost adjusted rates were computed based on each percent of the loan amount in above average loan related closing costs being worth +0.15 of a percentage point in interest rate. Furthermore, the amounts are regularized using a Bayesian approach to control for small samples.