Centra Credit Union Mortgage Rates, Fees & Info
Columbus, INLEI: 5493007LUU2DLS755O60
Tax ID: 35-0885381
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage Data
Review & Overview
Centra Credit Union is a smaller credit union specializing in Home Purchase and Cash Out Refi loans. Centra 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: Columbus, Louisville, Indianapolis, North Vernon, and Scottsburg among others. We have data for 40 markets. (Some data included below & more in-depth data is available with an active subscription.)Centra 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. Centra 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 |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 4.77% | 11/21/24 |
| 30 Year Conventional Purchase | 7.02% | 11/21/24 |
| 30 Year Conventional Refi | 6.67% | 11/21/24 |
| 30 Year Cash-out Refi | 6.83% | 11/21/24 |
| 15 Year Conventional Purchase | 6.25% | 11/21/24 |
| 15 Year Conventional Refi | 6.47% | 11/21/24 |
| 15 Year Cash-out Refi | 6.47% | 11/21/24 |
| 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. | ||
Centra Credit Union Mortgage Calculator
Your Estimates
Estimated Loan Payment: Update the calculator values and click calculate payment!
This is not an official calculator from Centra 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
1,810Origination Dollar Volume (All Markets)
$213,050,000Awards
Centra Credit Union - 2022
Centra Credit Union is a 2022 , due to their low .
For 2022, less than of lenders were eligible for this award.
Work for Centra Credit Union?
Use this award on your own site. Either save and use the images below, or pass the provided image embed code to your development team.
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, IN (FHA|USDA|VA) | 418 | $55,050,000 | $131,699 | $2,329 | 4.25% |
| LOUISVILLE, KY (FHA|USDA|VA) | 450 | $49,350,000 | $109,667 | $1,829 | 4.30% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 288 | $39,320,000 | $136,528 | $2,077 | 4.17% |
| North Vernon, IN (FHA|USDA|VA) | 153 | $15,345,000 | $100,294 | $2,153 | 4.33% |
| Scottsburg, IN (FHA|USDA|VA) | 154 | $15,000,000 | $97,403 | $1,800 | 4.00% |
| Seymour, IN (FHA|USDA|VA) | 150 | $14,800,000 | $98,667 | $2,322 | 4.25% |
| Greensburg, IN (FHA|USDA|VA) | 67 | $6,425,000 | $95,896 | $2,176 | 4.20% |
| Outside of Metro Areas | 26 | $3,900,000 | $150,000 | $2,226 | 4.85% |
| Madison, IN (FHA|USDA|VA) | 38 | $3,110,000 | $81,842 | $1,668 | 4.36% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 2 | $1,310,000 | $655,000 | $7,085 | 4.25% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 2 | $1,190,000 | $595,000 | $4,911 | 4.43% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 7 | $905,000 | $129,286 | $1,815 | 3.10% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 3 | $825,000 | $275,000 | $8,568 | 2.33% |
| BLOOMINGTON, IN (FHA|USDA|VA) | 9 | $785,000 | $87,222 | $2,207 | 3.43% |
| LAFAYETTE-WEST LAFAYETTE, IN (FHA|USDA|VA) | 4 | $780,000 | $195,000 | $2,108 | 4.34% |
| Jamestown-Dunkirk-Fredonia, NY (FHA|USDA|VA) | 8 | $560,000 | $70,000 | $2,344 | 4.34% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 1 | $515,000 | $515,000 | $4,041 | 3.38% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 2 | $420,000 | $210,000 | $4,587 | 3.88% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $5,339 | 4.00% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $3,519 | 4.00% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $5,313 | 4.50% |
| Bedford, IN (FHA|USDA|VA) | 3 | $315,000 | $105,000 | $2,373 | 5.17% |
| PITTSBURGH, PA (FHA|USDA|VA) | 3 | $235,000 | $78,333 | $4,881 | 3.71% |
| Warren, PA (FHA|USDA|VA) | 2 | $190,000 | $95,000 | $4,069 | 5.13% |
| ROCKFORD, IL (FHA|USDA|VA) | 2 | $190,000 | $95,000 | $3,002 | 3.18% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $3,054 | 4.75% |
| DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $2,184 | 5.88% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $2,827 | 5.00% |
| PANAMA CITY, FL (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $3,993 | 5.13% |
| Jefferson, GA (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $2,960 | 3.50% |
| AKRON, OH (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $3,064 | 3.75% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $4,332 | 5.38% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 5.25% |
| TERRE HAUTE, IN (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 4.50% |
| ROCKY MOUNT, NC (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $3,423 | 4.50% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 7.75% |
| Greenwood, MS (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $2,774 | 4.38% |
| Richmond, IN (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $588 | 4.75% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $713 | 5.95% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $647 | 5.74% |
Similar Lenders
We use machine learning to identify the top lenders compared against Centra Credit Union based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
Similarity Rank: 14
Similarity Rank: 133
Similarity Rank: 268
Similarity Rank: 318
Similarity Rank: 420
Similarity Rank: 423
Similarity Rank: 425
Similarity Rank: 476
Similarity Rank: 558
Similarity Rank: 561
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 942 | $138,620,000 | $147,155 | $2,141 | 4.93% |
| HELOC | 867 | $74,385,000 | $85,796 | n/a | 3.49% |
| FHA | 1 | $45,000 | $45,000 | $0 | 7.00% |
For 2022, Centra Credit Union's most frequently originated type of loan was Conventional, with 942 originations. Their 2nd most popular type was HELOC, with 867 originations.
Loan Reason
For 2022, Centra Credit Union's most frequently cited loan purpose was Home Improvement, with 500 originations. The 2nd most popular reason was Other, with 418 originations.
Loan Duration/Length
For 2022, Centra Credit Union's most frequently cited loan duration was 10 Year, with 1,087 originations. The 2nd most popular length was 30 Year, with 527 originations.
Origination Fees/Closing Costs
Centra Credit Union's average total fees were $2,807, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 637 originations.
Interest Rates
During 2022, Centra Credit Union's average interest rate for loans was 4.68%, while their most frequently originated rate bucket for loans was <2.5%, with 501 originations.
Loan Sizing
2022 saw Centra Credit Union place emphasis on $100,000 or less loans with 1,036 originations, totaling $54,990,000 in origination value.
Applicant Income
Centra Credit Union lent most frequently to those with incomes in the $50k-75k range, with 489 originations. The second most popular income band? $50k or less, with 428 originations.
Applicant Debt to Income Ratio
Centra Credit Union lent most frequently to those with DTI ratios of 20-30%, with 485 originations. The next most common DTI ratio? <20%, with 410 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications92.16%
Centra Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination77.57%
Centra Credit Union has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| 0.0 | 868 | $74,430,000 | $85,749 |
| NA | 942 | $138,620,000 | $147,155 |