Metro Cu Mortgage Rates, Fees & Info

Omaha, NE

LEI: 54930015EUQKUCIRBQ14

Tax ID: 47-6026142

5 stars - Updated: 4/5/25 - out of 5 stars, based on 24 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

    Metro Cu is a smaller mortgage company specializing in Home Improvement and Other loans. Metro Cu has an average proportion of conventional loans. Their top markets by origination volume include: Omaha, Lincoln, Fremont, and Tucson among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Metro Cu 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. Metro Cu 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.

    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
    Home Equity Line of Credit (HELOC) 6.72% 4/5/25
    30 Year Conventional Purchase 6.96% 4/5/25
    30 Year Conventional Refi 6.67% 4/5/25
    30 Year Cash-out Refi 6.81% 4/5/25
    15 Year Conventional Purchase 6.21% 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.

    Metro Cu Mortgage Calculator






    Your Estimates

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

    This is not an official calculator from Metro Cu. 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

    589

    Origination Dollar Volume (All Markets)

    $51,575,000

    Awards

    METRO CU 30 Year Conventional Loans silver METRO CU 30 Year Conventional Loans silver
    Show all (2) awards

    Relative Rate

    Metro Cu's average 30 year fixed mortgage rate was 6.77%.

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

    This yields a difference of 0.22%.

    Relative Fees (Closing Costs)

    Metro Cu's average total fees/closing costs for a 30 year fixed rate mortgage were $2,973.

    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
    OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) 570 $49,390,000 $86,649 $2,759 6.61%
    LINCOLN, NE (FHA|USDA|VA) 8 $1,070,000 $133,750 $0 6.31%
    Fremont, NE (FHA|USDA|VA) 6 $420,000 $70,000 $2,767 6.44%
    TUCSON, AZ (FHA|USDA|VA) 1 $395,000 $395,000 $9,260 8.13%
    Outside of Metro Areas 4 $300,000 $75,000 $2,495 7.53%
    Metro Cu's top markets include Omaha, Lincoln, Fremont, and Tucson among others.

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

    • Similar Lenders

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

    South Metro Federal Credit Union
    Similarity Rank: 45
    METRO CU
    Similarity Rank: 275
    Exchange Bank
    Similarity Rank: 405
    CENTRIS FEDERAL CREDIT UNION
    Similarity Rank: 459
    Cobalt Credit Union
    Similarity Rank: 468
    CORNHUSKER BANK
    Similarity Rank: 560
    VERIDIAN CREDIT UNION
    Similarity Rank: 793
    Financial Funding Solutions, Inc.
    Similarity Rank: 798
    Union Bank and Trust Company
    Similarity Rank: 928
    Central National Bank
    Similarity Rank: 1080

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    HELOC 553 $42,845,000 $77,477 n/a 6.60%
    Conventional 36 $8,730,000 $242,500 $2,937 6.74%

    For 2024, Metro Cu's most frequently originated type of loan was HELOC, with 553 originations. Their 2nd most popular type was Conventional, with 36 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 268 $19,210,000 $71,679 $0 6.52%
    Other 261 $21,805,000 $83,544 $2,495 6.71%
    Home Purchase 37 $8,045,000 $217,432 $3,075 6.67%
    Cash Out Refi 16 $1,490,000 $93,125 $2,414 6.62%
    Refi 7 $1,025,000 $146,429 $2,602 6.21%

    For 2024, Metro Cu's most frequently cited loan purpose was Home Improvement, with 268 originations. The 2nd most popular reason was Other, with 261 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    15 Year 556 $43,300,000 $77,878 $2,612 6.60%
    30 Year 32 $8,120,000 $253,750 $2,973 6.77%
    20 Year 1 $155,000 $155,000 $2,451 6.63%

    For 2024, Metro Cu's most frequently cited loan duration was 15 Year, with 556 originations. The 2nd most popular length was 30 Year, with 32 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 33 $7,945,000 $240,758
    $2k-3k 1 $285,000 $285,000
    $5k+ 1 $395,000 $395,000

    Metro Cu's average total fees were $2,973, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 33 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 296 $26,450,000 $89,358
    5-6% 169 $15,485,000 $91,627
    7-8% 78 $6,860,000 $87,949
    Over 8% 46 $2,780,000 $60,435

    During 2024, Metro Cu's average interest rate for loans was 6.77%, while their most frequently originated rate bucket for loans was 6-7%, with 296 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 415 $20,925,000 $50,422 $2,553 6.69%
    $100k-200k 119 $15,535,000 $130,546 $2,456 6.36%
    $200k-400k 50 $12,770,000 $255,400 $3,313 6.53%
    $400k-600k 5 $2,345,000 $469,000 $2,901 6.58%

    2024 saw Metro Cu place emphasis on $100,000 or less loans with 415 originations, totaling $20,925,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 160 $13,510,000 $84,438 $2,908 6.71%
    $150k-250k 158 $15,110,000 $95,633 $2,639 6.56%
    $75k-100k 94 $5,930,000 $63,085 $2,477 6.65%
    $250k+ 73 $11,155,000 $152,808 $5,042 6.46%
    $50k-75k 66 $4,150,000 $62,879 $2,517 6.56%
    $50k or less 38 $1,720,000 $45,263 $0 6.68%

    Metro Cu lent most frequently to those with incomes in the $100k-150k range, with 160 originations. The second most popular income band? $150k-250k, with 158 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 166 $14,110,000 $85,000 $3,324 6.61%
    30-36% 113 $10,825,000 $95,796 $2,684 6.54%
    <20% 56 $4,460,000 $79,643 $2,348 6.27%
    42% 40 $3,250,000 $81,250 $2,776 6.85%
    37% 27 $1,955,000 $72,407 $3,355 6.78%
    43% 27 $2,505,000 $92,778 $2,342 6.82%
    38% 23 $1,695,000 $73,696 $2,562 6.89%
    40% 19 $1,805,000 $95,000 $3,624 6.67%
    36% 18 $1,950,000 $108,333 $0 6.57%
    44% 17 $1,745,000 $102,647 $2,656 6.59%
    45% 16 $1,190,000 $74,375 $2,491 6.73%
    39% 14 $1,050,000 $75,000 $0 6.21%
    41% 13 $1,155,000 $88,846 $2,559 6.91%
    46% 12 $1,190,000 $99,167 $0 6.42%
    50-60% 7 $385,000 $55,000 $0 6.82%
    47% 6 $410,000 $68,333 $2,495 7.27%
    48% 6 $730,000 $121,667 $3,362 6.58%
    >60% 5 $575,000 $115,000 $0 6.45%
    49% 4 $590,000 $147,500 $2,561 6.44%

    Metro Cu lent most frequently to those with DTI ratios of 20-30%, with 166 originations. The next most common DTI ratio? 30-36%, with 113 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 473 $41,785,000 $88,340 $2,964 6.53%
    Not provided 67 $6,215,000 $92,761 $2,642 6.73%
    Black 38 $2,350,000 $61,842 $2,817 7.26%
    Asian 8 $980,000 $122,500 $0 6.81%
    American Indian 1 $85,000 $85,000 $0 6.25%
    Native Hawaiian 1 $85,000 $85,000 $0 5.75%
    Asian Indian 1 $75,000 $75,000 $0 10.75%

    Approval Rates

    Total approvals of all applications
    73.56%

    Metro Cu has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    76.74%

    Metro Cu has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 589 $51,575,000 $87,564

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    589 $51,575,000 $87,564

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 183 $19,545,000 $106,803 $0 6.60%
    40-60% 34 $5,850,000 $172,059 $2,446 6.38%
    60-80% 27 $6,435,000 $238,333 $3,072 6.63%
    80-100% 16 $4,010,000 $250,625 $2,902 6.89%
    Under 20% 329 $15,735,000 $47,827 $0 6.63%