Cse Federal Credit Union Mortgage Rates, Fees & Info
Lake Charles, LALEI: 5493005HN78XQ5US3306
Tax ID: 72-0433983
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Mortgage Data
Review & Overview
Cse Federal Credit Union is a smaller credit union specializing in Cash Out Refi and Home Purchase loans. Cse Federal Credit Union has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: Lake Charles, Deridder, Jennings, and New Orleans among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)Cse Federal Credit Union has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.
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 |
|---|---|---|
| 15 Year Conventional Purchase | 7.17% | 11/17/24 |
| 15 Year Conventional Refi | 5.68% | 11/17/24 |
| 15 Year Cash-out Refi | 5.68% | 11/17/24 |
| 15 Year VA Purchase | 5.36% | 11/17/24 |
| 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. | ||
Cse Federal Credit Union Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
145Origination Dollar Volume (All Markets)
$21,655,000Top 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 |
|---|---|---|---|---|---|
| LAKE CHARLES, LA (FHA|USDA|VA) | 120 | $18,010,000 | $150,083 | $2,531 | 4.28% |
| DeRidder, LA (FHA|USDA|VA) | 9 | $1,885,000 | $209,444 | $2,796 | 3.89% |
| Outside of Metro Areas | 8 | $840,000 | $105,000 | $2,406 | 4.56% |
| Jennings, LA (FHA|USDA|VA) | 7 | $805,000 | $115,000 | $2,484 | 4.29% |
| NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $2,997 | 3.30% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 144 | $21,480,000 | $149,167 | $2,543 | 4.27% |
| FHA | 1 | $175,000 | $175,000 | $2,561 | 3.60% |
For 2019, Cse Federal Credit Union's most frequently originated type of loan was Conventional, with 144 originations. Their 2nd most popular type was FHA, with 1 originations.
Loan Reason
For 2019, Cse Federal Credit Union's most frequently cited loan purpose was Cash Out Refi, with 89 originations. The 2nd most popular reason was Home Purchase, with 45 originations.
Loan Duration/Length
For 2019, Cse Federal Credit Union's most frequently cited loan duration was 20 Year, with 105 originations. The 2nd most popular length was 15 Year, with 18 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 114 | $16,720,000 | $146,667 |
Cse Federal Credit Union's average total fees were $0, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 114 originations.
Interest Rates
During 2019, Cse Federal Credit Union's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 3-4%, with 77 originations.
Loan Sizing
2019 saw Cse Federal Credit Union place emphasis on $100k-200k loans with 70 originations, totaling $10,120,000 in origination value.
Applicant Income
Cse Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 40 originations. The second most popular income band? $75k-100k, with 34 originations.
Applicant Debt to Income Ratio
Cse Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 47 originations. The next most common DTI ratio? 30-36%, with 26 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications91.11%
Cse Federal Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination88.28%
Cse Federal Credit Union has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 145 | $21,655,000 | $149,345 |