Ohio Catholic Federal Credit Union Mortgage Rates, Fees & Info

Garfield Heights, OH

LEI: 2549005BWLPEBQA7QJ63

Tax ID: 34-0823943

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
  • 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

    Ohio Catholic Federal Credit Union is a smaller credit union specializing in Refi, Home Purchase, and Cash Out Refi loans. Ohio Catholic Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Cleveland, Akron, Canton, Columbus, and Weirton among others. We have data for 10 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Ohio Catholic 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. Ohio Catholic 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 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.

    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 7.32% 12/16/24
    30 Year Conventional Refi 6.69% 12/16/24
    30 Year Cash-out Refi 8.19% 12/16/24
    15 Year Conventional Purchase 7.25% 12/16/24
    15 Year Conventional Refi 10.42% 12/16/24
    15 Year Cash-out Refi 10.42% 12/16/24
    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.

    Ohio Catholic 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 Ohio Catholic 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

    195

    Origination Dollar Volume (All Markets)

    $21,655,000

    Awards

    Ohio Catholic Federal Credit Union 30 Year Conventional Loans gold
    Show all (1) awards

    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
    CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 105 $11,635,000 $110,810 $2,667 5.07%
    AKRON, OH (FHA|USDA|VA) 67 $7,415,000 $110,672 $1,507 5.03%
    CANTON-MASSILLON, OH (FHA|USDA|VA) 10 $1,090,000 $109,000 $1,527 4.86%
    COLUMBUS, OH (FHA|USDA|VA) 4 $790,000 $197,500 $2,522 4.15%
    WEIRTON-STEUBENVILLE, WV-OH (FHA|USDA|VA) 1 $205,000 $205,000 $11,424 6.00%
    YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) 2 $130,000 $65,000 $639 7.12%
    New Philadelphia-Dover, OH (FHA|USDA|VA) 1 $125,000 $125,000 $0 3.75%
    Salem, OH (FHA|USDA|VA) 1 $125,000 $125,000 $4,764 6.75%
    Outside of Metro Areas 3 $115,000 $38,333 $639 7.17%
    Ashland, OH (FHA|USDA|VA) 1 $25,000 $25,000 $0 5.25%
    Ohio Catholic Federal Credit Union's top markets include Cleveland, Akron, Canton, Columbus, and Weirton among others.

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

    • Similar Lenders

    We use machine learning to identify the top lenders compared against Ohio Catholic Federal Credit Union based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    Community Star Credit Union
    Similarity Rank: 249
    CARDINAL CREDIT UNION, INC.
    Similarity Rank: 351
    First Federal Savings and Loan Association of Lorain
    Similarity Rank: 396
    The Commercial and Savings Bank of Millersburg Ohio
    Similarity Rank: 627
    The Middlefield Banking Company
    Similarity Rank: 1066
    MORTGAGE CENTER L.C
    Similarity Rank: 1472
    Union Savings Bank
    Similarity Rank: 1670
    FIRST EQUITY MORTGAGE INCORPORATED
    Similarity Rank: 1875
    Ohio Catholic Federal Credit Union
    Similarity Rank: 1910
    Westfield Bank, FSB
    Similarity Rank: 1917

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 132 $16,050,000 $121,591 $2,251 4.91%
    HELOC 63 $5,605,000 $88,968 n/a 5.46%

    For 2022, Ohio Catholic Federal Credit Union's most frequently originated type of loan was Conventional, with 132 originations. Their 2nd most popular type was HELOC, with 63 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 99 $8,865,000 $89,545 $978 5.25%
    Home Purchase 42 $7,360,000 $175,238 $5,008 5.31%
    Cash Out Refi 39 $4,615,000 $118,333 $948 4.47%
    Other 10 $590,000 $59,000 $639 4.57%
    Home Improvement 5 $225,000 $45,000 $1,164 5.95%

    For 2022, Ohio Catholic Federal Credit Union's most frequently cited loan purpose was Refi, with 99 originations. The 2nd most popular reason was Home Purchase, with 42 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    20 Year 71 $6,735,000 $94,859 $951 5.42%
    15 Year 52 $5,200,000 $100,000 $872 4.83%
    30 Year 50 $8,350,000 $167,000 $4,603 5.16%
    10 Year 17 $1,125,000 $66,176 $639 4.67%
    5 Year 5 $245,000 $49,000 $639 3.90%

    For 2022, Ohio Catholic Federal Credit Union's most frequently cited loan duration was 20 Year, with 71 originations. The 2nd most popular length was 15 Year, with 52 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 81 $7,555,000 $93,272
    $1k-2k 40 $5,760,000 $144,000
    $3k-4k 4 $720,000 $180,000
    $5k+ 4 $1,310,000 $327,500
    $2k-3k 2 $300,000 $150,000
    $4k-5k 1 $405,000 $405,000

    Ohio Catholic Federal Credit Union's average total fees were $4,603, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 81 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 54 $7,710,000 $142,778
    3-4% 39 $4,715,000 $120,897
    4-5% 35 $3,185,000 $91,000
    6-7% 35 $2,715,000 $77,571
    2.5-3% 18 $2,580,000 $143,333
    7-8% 9 $545,000 $60,556
    Over 8% 4 $140,000 $35,000
    <2.5% 1 $65,000 $65,000

    During 2022, Ohio Catholic Federal Credit Union's average interest rate for loans was 5.16%, while their most frequently originated rate bucket for loans was 5-6%, with 54 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 116 $6,340,000 $54,655 $1,214 5.28%
    $100k-200k 50 $7,010,000 $140,200 $2,396 4.98%
    $200k-400k 25 $6,075,000 $243,000 $4,154 4.36%
    $400k-600k 3 $1,475,000 $491,667 $14,286 5.50%
    $600k-1MM 1 $755,000 $755,000 $0 5.75%

    2022 saw Ohio Catholic Federal Credit Union place emphasis on $100,000 or less loans with 116 originations, totaling $6,340,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 48 $5,390,000 $112,292 $2,097 5.03%
    $50k-75k 38 $3,200,000 $84,211 $2,248 5.11%
    $75k-100k 37 $4,165,000 $112,568 $2,517 5.07%
    $150k-250k 33 $4,095,000 $124,091 $1,626 4.95%
    $50k or less 31 $2,175,000 $70,161 $1,777 5.25%
    $250k+ 8 $2,630,000 $328,750 $5,573 5.39%

    Ohio Catholic Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 48 originations. The second most popular income band? $50k-75k, with 38 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 42 $3,610,000 $85,952 $1,145 4.56%
    30-36% 26 $2,480,000 $95,385 $1,163 5.03%
    <20% 17 $1,935,000 $113,824 $1,027 4.04%
    41% 10 $1,340,000 $134,000 $639 5.99%
    42% 10 $930,000 $93,000 $1,164 4.66%
    39% 8 $690,000 $86,250 $1,545 6.03%
    43% 8 $640,000 $80,000 $2,160 5.36%
    37% 6 $520,000 $86,667 $1,164 5.40%
    40% 6 $630,000 $105,000 $2,098 4.87%
    36% 5 $475,000 $95,000 $2,109 4.88%
    38% 4 $170,000 $42,500 $1,558 5.56%
    50-60% 1 $105,000 $105,000 $0 4.75%
    48% 1 $755,000 $755,000 $0 5.75%
    49% 1 $195,000 $195,000 $639 2.99%
    45% 1 $105,000 $105,000 $0 7.50%
    44% 1 $265,000 $265,000 $4,836 4.00%

    Ohio Catholic Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 42 originations. The next most common DTI ratio? 30-36%, with 26 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 183 $19,885,000 $108,661 $2,294 5.10%
    Not provided 4 $700,000 $175,000 $2,473 5.88%
    Black 5 $525,000 $105,000 $1,225 4.92%
    Asian 1 $365,000 $365,000 $639 3.63%
    Vietnamese 1 $95,000 $95,000 $3,132 4.38%
    Native Hawaiian or Islander 1 $85,000 $85,000 $0 3.50%

    Approval Rates

    Total approvals of all applications
    77.99%

    Ohio Catholic Federal Credit Union has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    80.00%

    Ohio Catholic Federal Credit Union has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 195 $21,655,000 $111,051

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    195 $21,655,000 $111,051

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 29 $2,625,000 $90,517 $780 4.46%
    40-60% 28 $4,060,000 $145,000 $875 4.22%
    60-80% 26 $4,260,000 $163,846 $1,987 4.31%
    80-100% 10 $1,660,000 $166,000 $2,906 4.99%
    Under 20% 54 $2,240,000 $41,481 $751 5.78%