Cme Federal Credit Union Mortgage Rates, Fees & Info
Columbus, OHLEI: 5493003GJY287GIWFH36
Tax ID: 31-4376841
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Mortgage Data
Review & Overview
Cme Federal Credit Union is a smaller credit union specializing in Refi, Cash Out Refi, and Home Purchase loans. Cme Federal Credit Union has a high proportion of conventional loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Columbus, Mount Vernon, Cleveland, Ashland, and Marion among others. We have data for 11 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.
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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
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This is not an official calculator from Cme Federal Credit Union. It uses our SimulatedRate™
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
370Origination Dollar Volume (All Markets)
$58,350,000Top 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) | 355 | $56,375,000 | $158,803 | $2,686 | 3.24% |
| Mount Vernon, OH (FHA|USDA|VA) | 4 | $890,000 | $222,500 | $7,032 | 2.75% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 2 | $210,000 | $105,000 | $2,401 | 2.25% |
| Outside of Metro Areas | 2 | $180,000 | $90,000 | $1,866 | 4.44% |
| Ashland, OH (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $3,229 | 3.38% |
| Marion, OH (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $2,585 | 3.75% |
| Coshocton, OH (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $2,734 | 3.63% |
| DAYTON-KETTERING, OH (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 2.38% |
| Bellefontaine, OH (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $2,978 | 3.38% |
| Zanesville, OH (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 2.25% |
| BECKLEY, WV (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $2,664 | 2.25% |
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.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 364 | $57,010,000 | $156,621 | $2,654 | 3.24% |
| VA | 3 | $755,000 | $251,667 | $7,028 | 2.50% |
| USDA | 3 | $585,000 | $195,000 | $5,157 | 2.83% |
For 2021, Cme Federal Credit Union's most frequently originated type of loan was Conventional, with 364 originations. Their 2nd most popular type was VA, with 3 originations.
Loan Reason
For 2021, Cme Federal Credit Union's most frequently cited loan purpose was Refi, with 149 originations. The 2nd most popular reason was Cash Out Refi, with 87 originations.
Loan Duration/Length
For 2021, Cme Federal Credit Union's most frequently cited loan duration was 30 Year, with 138 originations. The 2nd most popular length was 15 Year, with 90 originations.
Origination Fees/Closing Costs
Cme Federal Credit Union's average total fees were $3,351, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 335 originations.
Interest Rates
During 2021, Cme Federal Credit Union's average interest rate for loans was 3.31%, while their most frequently originated rate bucket for loans was 3-4%, with 133 originations.
Loan Sizing
2021 saw Cme Federal Credit Union place emphasis on $100k-200k loans with 171 originations, totaling $24,615,000 in origination value.
Applicant Income
Cme Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 95 originations. The second most popular income band? $50k-75k, with 87 originations.
Applicant Debt to Income Ratio
Cme Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 91 originations. The next most common DTI ratio? 30-36%, with 85 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications83.69%
Cme Federal Credit Union has a below average approval rate.
Pick Rate
Approvals leading to origination82.16%
Cme Federal Credit Union has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 370 | $58,350,000 | $157,703 |