Cme Federal Credit Union Mortgage Rates, Fees & Info

Columbus, OH

LEI: 5493003GJY287GIWFH36

Tax ID: 31-4376841

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

    Cme Federal Credit Union is a smaller credit union specializing in Refi and Home Purchase loans. Cme Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Columbus, Mount Vernon, Urbana, Cincinnati, and Marion among others. We have data for 10 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 a below 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 6.49% 5/4/24
    30 Year Conventional Refi 6.62% 5/4/24
    30 Year Cash-out Refi 6.79% 5/4/24
    30 Year FHA Purchase 6.97% 5/4/24
    30 Year FHA Refi 6.27% 5/4/24
    30 Year VA Purchase 6.40% 5/4/24
    30 Year USDA Purchase 6.27% 5/4/24
    15 Year Conventional Purchase 6.28% 5/4/24
    15 Year Conventional Refi 6.12% 5/4/24
    15 Year Cash-out Refi 6.12% 5/4/24
    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.

    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

    228

    Origination Dollar Volume (All Markets)

    $29,090,000

    Awards

    CME Federal Credit Union 30 Year Conventional Loans gold CME Federal Credit Union 30 Year Conventional Loans gold
    Show all (2) 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
    COLUMBUS, OH (FHA|USDA|VA) 217 $27,615,000 $127,258 $2,691 4.32%
    Mount Vernon, OH (FHA|USDA|VA) 2 $500,000 $250,000 $6,955 4.15%
    Urbana, OH (FHA|USDA|VA) 2 $310,000 $155,000 $3,403 3.38%
    CINCINNATI, OH-KY-IN (FHA|USDA|VA) 1 $175,000 $175,000 $3,259 2.80%
    Marion, OH (FHA|USDA|VA) 1 $125,000 $125,000 $3,035 4.30%
    Greenville, OH (FHA|USDA|VA) 1 $115,000 $115,000 $2,849 3.30%
    TOLEDO, OH (FHA|USDA|VA) 1 $105,000 $105,000 $2,877 3.30%
    Zanesville, OH (FHA|USDA|VA) 1 $75,000 $75,000 $2,706 3.80%
    Outside of Metro Areas 1 $45,000 $45,000 $2,639 4.60%
    Coshocton, OH (FHA|USDA|VA) 1 $25,000 $25,000 $175 8.10%
    Cme Federal Credit Union's top markets include Columbus, Mount Vernon, Urbana, Cincinnati, and Marion among others.

    Their top states include:
  • Ohio (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.

    Columbus Metro Federal Credit Union
    Similarity Rank: 224
    TrueCore Federal Credit Union
    Similarity Rank: 360
    Victory Community Bank
    Similarity Rank: 420
    First Federal Savings and Loan Association
    Similarity Rank: 420
    VICTORY MORTGAGE, L.L.C.
    Similarity Rank: 728
    North Valley Bank
    Similarity Rank: 768
    CME Federal Credit Union
    Similarity Rank: 820
    BMI Federal Credit Union
    Similarity Rank: 870
    THE VINTON COUNTY NATIONAL BANK
    Similarity Rank: 935
    KEMBA FINANCIAL
    Similarity Rank: 952

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 227 $28,795,000 $126,850 $2,691 4.30%
    VA 1 $295,000 $295,000 $10,680 5.00%

    For 2018, Cme Federal Credit Union's most frequently originated type of loan was Conventional, with 227 originations. Their 2nd most popular type was VA, with 1 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 72 $8,390,000 $116,528 $2,192 3.80%
    Home Purchase 63 $11,035,000 $175,159 $4,036 4.14%
    Other 37 $2,335,000 $63,108 $363 5.43%
    Cash Out Refi 34 $5,240,000 $154,118 $2,861 4.05%
    Home Improvement 22 $2,090,000 $95,000 $829 4.93%

    For 2018, Cme Federal Credit Union's most frequently cited loan purpose was Refi, with 72 originations. The 2nd most popular reason was Home Purchase, with 63 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    10 Year 96 $8,460,000 $88,125 $847 4.44%
    30 Year 87 $14,795,000 $170,057 $3,693 3.95%
    15 Year 17 $2,845,000 $167,353 $2,752 4.54%
    Other 15 $1,445,000 $96,333 $3,579 3.52%
    20 Year 11 $695,000 $63,182 $463 6.89%
    30+ year 2 $850,000 $425,000 $5,047 3.30%

    For 2018, Cme Federal Credit Union's most frequently cited loan duration was 10 Year, with 96 originations. The 2nd most popular length was 30 Year, with 87 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 118 $11,740,000 $99,492
    $1k-2k 97 $15,305,000 $157,784
    $3k-4k 3 $825,000 $275,000

    Cme Federal Credit Union's average total fees were $3,693, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 118 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 113 $15,065,000 $133,319
    4-5% 54 $8,680,000 $160,741
    5-6% 26 $2,160,000 $83,077
    6-7% 20 $980,000 $49,000
    2.5-3% 11 $2,005,000 $182,273
    7-8% 3 $175,000 $58,333
    Over 8% 1 $25,000 $25,000

    During 2018, Cme Federal Credit Union's average interest rate for loans was 3.95%, while their most frequently originated rate bucket for loans was 3-4%, with 113 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 96 $5,170,000 $53,854 $1,266 4.84%
    $100k-200k 92 $13,000,000 $141,304 $3,015 3.88%
    $200k-400k 37 $9,665,000 $261,216 $5,024 4.02%
    $400k-600k 3 $1,255,000 $418,333 $5,047 3.68%

    2018 saw Cme Federal Credit Union place emphasis on $100,000 or less loans with 96 originations, totaling $5,170,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 56 $8,010,000 $143,036 $2,615 4.34%
    $75k-100k 51 $6,475,000 $126,961 $3,116 4.25%
    $50k-75k 48 $5,370,000 $111,875 $2,877 4.18%
    $150k-250k 32 $5,180,000 $161,875 $2,629 4.42%
    $50k or less 31 $2,175,000 $70,161 $2,403 4.35%
    $250k+ 3 $905,000 $301,667 $3,553 4.46%

    Cme Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 56 originations. The second most popular income band? $75k-100k, with 51 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 64 $8,140,000 $127,188 $2,625 4.14%
    <20% 39 $4,945,000 $126,795 $2,783 3.86%
    30-36% 37 $3,835,000 $103,649 $2,188 4.52%
    41% 9 $1,025,000 $113,889 $1,565 4.55%
    40% 9 $1,465,000 $162,778 $3,504 4.77%
    42% 8 $1,080,000 $135,000 $3,555 4.23%
    37% 8 $1,010,000 $126,250 $3,014 4.19%
    49% 6 $1,330,000 $221,667 $2,859 4.15%
    43% 6 $820,000 $136,667 $3,088 4.90%
    44% 6 $790,000 $131,667 $2,031 4.38%
    45% 5 $965,000 $193,000 $4,640 4.26%
    36% 5 $665,000 $133,000 $3,626 4.44%
    39% 4 $340,000 $85,000 $2,006 5.06%
    46% 4 $350,000 $87,500 $1,567 4.26%
    48% 4 $580,000 $145,000 $2,976 3.79%
    38% 3 $175,000 $58,333 $317 6.98%
    47% 3 $365,000 $121,667 $4,639 5.11%
    50-60% 2 $170,000 $85,000 $2,664 4.28%
    >60% 1 $305,000 $305,000 $5,680 5.00%

    Cme Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 64 originations. The next most common DTI ratio? <20%, with 39 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 194 $24,530,000 $126,443 $2,688 4.35%
    Black 29 $3,745,000 $129,138 $3,284 4.11%
    Asian 2 $480,000 $240,000 $3,077 3.30%
    Not provided 2 $320,000 $160,000 $0 3.25%
    American Indian 1 $15,000 $15,000 $183 5.60%

    Approval Rates

    Total approvals of all applications
    80.00%

    Cme Federal Credit Union has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    89.47%

    Cme Federal Credit Union has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 228 $29,090,000 $127,588

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 1 $55,000 $55,000
    Single Family (1-4 Units):Site-Built 227 $29,035,000 $127,907

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 36 $2,280,000 $63,333 $1,002 5.27%
    40-60% 42 $4,770,000 $113,571 $2,640 3.69%
    60-80% 76 $13,080,000 $172,105 $3,092 3.92%
    80-100% 43 $6,835,000 $158,953 $4,643 3.88%
    Over 100% 3 $725,000 $241,667 $6,844 4.93%
    Under 20% 23 $665,000 $28,913 $277 5.90%