Cme Federal Credit Union Mortgage Rates, Fees & Info

Columbus, OH

LEI: 5493003GJY287GIWFH36

Tax ID: 31-4376841

5 stars - Updated: 4/17/25 - out of 5 stars, based on 13 reviews

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

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  • 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

    Cme Federal Credit Union is a smaller credit union specializing in Other and Home Purchase loans. Cme Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Columbus, Point Pleasant, Tampa, Mount Vernon, and Springfield among others. We have data for 16 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Cme Federal Credit Union has an average approval rate when compared to the average across all lenders. They have an average pick rate when compared to similar lenders. Cme 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 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
    30 Year Conventional Purchase 6.40% 4/17/25
    30 Year Conventional Refi 6.70% 4/17/25
    30 Year Cash-out Refi 6.73% 4/17/25
    30 Year VA Purchase 6.87% 4/17/25
    30 Year VA Refi 7.09% 4/17/25
    15 Year Conventional Purchase 5.21% 4/17/25
    15 Year Conventional Refi 5.93% 4/17/25
    15 Year Cash-out Refi 5.93% 4/17/25
    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.

    Cme 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 Cme 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

    173

    Origination Dollar Volume (All Markets)

    $25,205,000

    Awards

    CME Federal Credit Union 30 Year Conventional Loans gold CME Federal Credit Union 30 Year Conventional Loans silver
    Show all (2) awards

    Relative Rate

    Cme Federal Credit Union's average 30 year fixed mortgage rate was 6.38%.

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

    This yields a difference of -0.17%.

    Relative Fees (Closing Costs)

    Cme Federal Credit Union's average total fees/closing costs for a 30 year fixed rate mortgage were $4,499.

    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
    COLUMBUS, OH (FHA|USDA|VA) 155 $23,025,000 $148,548 $2,032 7.66%
    Outside of Metro Areas 1 $385,000 $385,000 $3,220 6.00%
    Point Pleasant, WV-OH (FHA|USDA|VA) 1 $355,000 $355,000 $4,610 5.90%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 1 $265,000 $265,000 $4,157 6.38%
    Mount Vernon, OH (FHA|USDA|VA) 1 $175,000 $175,000 $3,342 7.38%
    SPRINGFIELD, OH (FHA|USDA|VA) 1 $165,000 $165,000 $4,301 7.50%
    Marion, OH (FHA|USDA|VA) 3 $165,000 $55,000 $358 10.18%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 1 $155,000 $155,000 $1,945 6.75%
    Washington Court House, OH (FHA|USDA|VA) 1 $115,000 $115,000 $5,179 6.15%
    Chillicothe, OH (FHA|USDA|VA) 2 $110,000 $55,000 $187 9.10%
    CINCINNATI, OH-KY-IN (FHA|USDA|VA) 1 $105,000 $105,000 $6,904 6.63%
    Tiffin, OH (FHA|USDA|VA) 1 $65,000 $65,000 $3,589 7.25%
    Wilmington, OH (FHA|USDA|VA) 1 $45,000 $45,000 $625 10.50%
    LIMA, OH (FHA|USDA|VA) 1 $35,000 $35,000 $265 10.00%
    Urbana, OH (FHA|USDA|VA) 1 $25,000 $25,000 $0 5.90%
    Bellefontaine, OH (FHA|USDA|VA) 1 $15,000 $15,000 $625 9.85%
    Cme Federal Credit Union's top markets include Columbus, Point Pleasant, Tampa, Mount Vernon, and Springfield among others.

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

    • Similar Lenders

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

    Fidelity Federal Savings and Loan Association
    Similarity Rank: 216
    Pathways Financial Credit Union, Inc.
    Similarity Rank: 255
    TrueCore Federal Credit Union
    Similarity Rank: 497
    VICTORY MORTGAGE, L.L.C.
    Similarity Rank: 512
    First Federal Savings and Loan Association
    Similarity Rank: 816
    CME Federal Credit Union
    Similarity Rank: 832
    GENERAL ELECTRIC CREDIT UNION
    Similarity Rank: 1116
    The Community Bank
    Similarity Rank: 1260
    TELHIO
    Similarity Rank: 1440
    BMI Federal Credit Union
    Similarity Rank: 1554

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 169 $24,435,000 $144,586 $1,995 7.73%
    VA 4 $770,000 $192,500 $4,723 6.63%

    For 2024, Cme Federal Credit Union's most frequently originated type of loan was Conventional, with 169 originations. Their 2nd most popular type was VA, with 4 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Other 71 $5,115,000 $72,042 $228 8.85%
    Home Purchase 39 $11,455,000 $293,718 $4,888 6.26%
    Home Improvement 33 $2,435,000 $73,788 $216 7.90%
    Cash Out Refi 19 $4,695,000 $247,105 $3,430 6.62%
    Refi 11 $1,505,000 $136,818 $2,669 6.69%

    For 2024, Cme Federal Credit Union's most frequently cited loan purpose was Other, with 71 originations. The 2nd most popular reason was Home Purchase, with 39 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    10 Year 103 $7,435,000 $72,184 $223 8.64%
    30 Year 55 $15,705,000 $285,545 $4,499 6.38%
    15 Year 9 $1,615,000 $179,444 $4,142 6.52%
    Other 6 $450,000 $75,000 $183 5.49%

    For 2024, Cme Federal Credit Union's most frequently cited loan duration was 10 Year, with 103 originations. The 2nd most popular length was 30 Year, with 55 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 167 $24,075,000 $144,162
    $1k-2k 2 $360,000 $180,000
    $3k-4k 2 $190,000 $95,000
    $2k-3k 1 $255,000 $255,000
    $5k+ 1 $325,000 $325,000

    Cme Federal Credit Union's average total fees were $4,499, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 167 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    Over 8% 78 $4,440,000 $56,923
    5-6% 42 $9,660,000 $230,000
    6-7% 39 $8,985,000 $230,385
    7-8% 12 $2,050,000 $170,833
    3-4% 1 $65,000 $65,000
    4-5% 1 $5,000 $5,000

    During 2024, Cme Federal Credit Union's average interest rate for loans was 6.38%, while their most frequently originated rate bucket for loans was Over 8%, with 78 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 89 $4,565,000 $51,292 $348 8.68%
    $100k-200k 39 $5,465,000 $140,128 $2,492 7.18%
    $200k-400k 34 $9,670,000 $284,412 $4,395 6.27%
    $400k-600k 10 $4,850,000 $485,000 $6,478 6.13%
    $600k-1MM 1 $655,000 $655,000 $4,531 5.50%

    2024 saw Cme Federal Credit Union place emphasis on $100,000 or less loans with 89 originations, totaling $4,565,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 46 $8,730,000 $189,783 $2,484 7.68%
    $50k-75k 36 $4,030,000 $111,944 $1,901 7.38%
    $150k-250k 34 $5,910,000 $173,824 $2,539 7.86%
    $75k-100k 27 $2,385,000 $88,333 $1,234 8.28%
    $50k or less 20 $1,280,000 $64,000 $1,303 7.59%
    $250k+ 8 $2,530,000 $316,250 $2,171 7.36%

    Cme Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 46 originations. The second most popular income band? $50k-75k, with 36 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 21 $2,305,000 $109,762 $434 7.81%
    20-30% 15 $1,015,000 $67,667 $861 7.21%
    44% 12 $990,000 $82,500 $302 9.20%
    49% 10 $820,000 $82,000 $629 9.20%
    <20% 8 $730,000 $91,250 $3,073 6.86%
    43% 7 $375,000 $53,571 $275 9.75%
    36% 7 $455,000 $65,000 $210 8.34%
    47% 6 $630,000 $105,000 $183 8.42%
    38% 6 $1,040,000 $173,333 $3,620 8.12%
    45% 5 $335,000 $67,000 $536 8.63%
    48% 5 $175,000 $35,000 $183 10.05%
    46% 4 $250,000 $62,500 $259 9.91%
    41% 3 $95,000 $31,667 $183 8.00%
    40% 3 $175,000 $58,333 $183 8.83%
    50-60% 2 $180,000 $90,000 $183 7.58%
    37% 2 $120,000 $60,000 $0 5.98%
    39% 2 $360,000 $180,000 $8,991 6.28%
    42% 1 $35,000 $35,000 $400 10.50%

    Cme Federal Credit Union lent most frequently to those with DTI ratios of 30-36%, with 21 originations. The next most common DTI ratio? 20-30%, with 15 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 90 $14,240,000 $158,222 $2,209 7.42%
    Not provided 53 $5,585,000 $105,377 $1,325 8.34%
    Black 25 $3,505,000 $140,200 $2,786 7.47%
    Asian Indian 2 $980,000 $490,000 $6,312 6.15%
    Korean 1 $485,000 $485,000 $0 6.30%
    Asian 1 $385,000 $385,000 $4,222 5.90%
    American Indian 1 $25,000 $25,000 $183 11.35%

    Approval Rates

    Total approvals of all applications
    79.51%

    Cme Federal Credit Union has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    92.49%

    Cme Federal Credit Union has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 173 $25,205,000 $145,694

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    173 $25,205,000 $145,694

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 33 $3,165,000 $95,909 $257 8.18%
    40-60% 7 $915,000 $130,714 $3,606 6.83%
    60-80% 8 $1,180,000 $147,500 $6,904 6.17%
    80-100% 7 $2,045,000 $292,143 $7,239 6.55%
    Under 20% 64 $2,780,000 $43,438 $212 9.00%