Cbc Federal Credit Union Mortgage Rates, Fees & Info

Oxnard, CA

LEI: 549300ESNLIWVN3TK065

Tax ID: 95-1767367

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
  • Complaints
  • 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

    Cbc Federal Credit Union is a smaller credit union specializing in Other and Cash Out Refi loans. Cbc Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Oxnard, Los Angeles, Riverside, Bakersfield, and Santa Maria among others. We have data for 7 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Cbc 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. Cbc 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.

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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 5.87% 12/16/24
    30 Year Conventional Refi 5.74% 12/16/24
    30 Year Cash-out Refi 5.81% 12/16/24
    15 Year Conventional Purchase 5.68% 12/16/24
    15 Year Conventional Refi 5.75% 12/16/24
    15 Year Cash-out Refi 5.75% 12/16/24
    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.

    Cbc 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 Cbc 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

    245

    Origination Dollar Volume (All Markets)

    $34,955,000

    Awards

    CBC Federal Credit Union 30 Year Conventional Loans silver CBC Federal Credit Union 30 Year Conventional Loans gold CBC Federal Credit Union 30 Year Conventional Loans gold
    Show all (3) 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
    OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 218 $29,260,000 $134,220 $3,879 5.00%
    Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 11 $2,425,000 $220,455 $4,014 5.01%
    Outside of Metro Areas 10 $2,400,000 $240,000 $4,072 4.41%
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 3 $315,000 $105,000 $4,680 4.21%
    BAKERSFIELD, CA (FHA|USDA|VA) 1 $225,000 $225,000 $4,147 4.25%
    SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 1 $175,000 $175,000 $0 5.00%
    SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 1 $155,000 $155,000 $0 5.50%
    Cbc Federal Credit Union's top markets include Oxnard, Los Angeles, Riverside, Bakersfield, and Santa Maria among others.

    Their top states include:
  • California (FHA|USDA|VA)

    • Similar Lenders

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

    COASTHILLS
    Similarity Rank: 136
    CBC Federal Credit Union
    Similarity Rank: 189
    HOMEAMERICAN MORTGAGE CORPORATION
    Similarity Rank: 203
    LBS FINANCIAL
    Similarity Rank: 210
    Montecito Bank & Trust
    Similarity Rank: 216
    Resource Lenders Inc.
    Similarity Rank: 242
    SAN DIEGO COUNTY CREDIT UNION
    Similarity Rank: 255
    LA Financial Federal Credit Union
    Similarity Rank: 321
    Water and Power Community Credit Union
    Similarity Rank: 500
    Christian Community Credit Union
    Similarity Rank: 515

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    HELOC 185 $17,325,000 $93,649 n/a 5.16%
    Conventional 60 $17,630,000 $293,833 $3,931 4.38%

    For 2018, Cbc Federal Credit Union's most frequently originated type of loan was HELOC, with 185 originations. Their 2nd most popular type was Conventional, with 60 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Other 111 $9,255,000 $83,378 $2,077 5.23%
    Cash Out Refi 82 $13,990,000 $170,610 $3,952 4.87%
    Home Improvement 27 $3,465,000 $128,333 $3,646 4.70%
    Refi 17 $5,265,000 $309,706 $4,079 4.66%
    Home Purchase 8 $2,980,000 $372,500 $4,913 3.97%

    For 2018, Cbc Federal Credit Union's most frequently cited loan purpose was Other, with 111 originations. The 2nd most popular reason was Cash Out Refi, with 82 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    15 Year 200 $19,650,000 $98,250 $3,268 5.15%
    30 Year 34 $13,770,000 $405,000 $4,451 4.02%
    20 Year 7 $1,065,000 $152,143 $3,013 5.06%
    10 Year 4 $470,000 $117,500 $3,738 3.70%

    For 2018, Cbc Federal Credit Union's most frequently cited loan duration was 15 Year, with 200 originations. The 2nd most popular length was 30 Year, with 34 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 38 $11,760,000 $309,474
    $2k-3k 12 $2,530,000 $210,833
    $4k-5k 5 $1,645,000 $329,000
    $3k-4k 4 $1,390,000 $347,500
    $5k+ 1 $305,000 $305,000

    Cbc Federal Credit Union's average total fees were $4,451, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 38 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 121 $17,825,000 $147,314
    5-6% 89 $8,065,000 $90,618
    3-4% 24 $8,490,000 $353,750
    6-7% 11 $575,000 $52,273

    During 2018, Cbc Federal Credit Union's average interest rate for loans was 4.02%, while their most frequently originated rate bucket for loans was 4-5%, with 121 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 128 $7,010,000 $54,766 $2,638 5.22%
    $100k-200k 63 $8,525,000 $135,317 $3,786 4.96%
    $200k-400k 39 $10,885,000 $279,103 $4,415 4.51%
    $400k-600k 10 $4,710,000 $471,000 $4,510 4.03%
    $600k-1MM 5 $3,825,000 $765,000 $4,266 4.08%

    2018 saw Cbc Federal Credit Union place emphasis on $100,000 or less loans with 128 originations, totaling $7,010,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 70 $9,990,000 $142,714 $3,840 4.96%
    $75k-100k 49 $5,885,000 $120,102 $4,067 4.88%
    $50k-75k 46 $5,500,000 $119,565 $4,000 4.91%
    $150k-250k 42 $6,850,000 $163,095 $4,209 5.13%
    $250k+ 20 $5,170,000 $258,500 $3,993 5.13%
    $50k or less 16 $1,170,000 $73,125 $2,647 4.88%

    Cbc Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 70 originations. The second most popular income band? $75k-100k, with 49 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 35 $4,555,000 $130,143 $3,327 5.16%
    20-30% 22 $2,690,000 $122,273 $3,334 5.07%
    49% 15 $1,905,000 $127,000 $3,913 4.99%
    48% 13 $1,985,000 $152,692 $4,590 5.02%
    45% 11 $1,245,000 $113,182 $5,747 5.02%
    39% 11 $1,515,000 $137,727 $3,921 5.00%
    41% 10 $970,000 $97,000 $1,835 5.15%
    43% 10 $1,700,000 $170,000 $7,625 5.18%
    46% 9 $955,000 $106,111 $3,451 4.94%
    38% 9 $1,735,000 $192,778 $4,393 4.82%
    44% 9 $965,000 $107,222 $2,248 5.19%
    36% 8 $450,000 $56,250 $1,498 5.44%
    <20% 8 $1,450,000 $181,250 $4,821 4.97%
    40% 7 $635,000 $90,714 $0 5.39%
    42% 6 $760,000 $126,667 $2,948 4.90%
    47% 5 $885,000 $177,000 $5,132 4.83%
    50-60% 5 $435,000 $87,000 $1,720 5.30%
    37% 4 $320,000 $80,000 $2,053 5.63%
    >60% 1 $205,000 $205,000 $0 5.00%

    Cbc Federal Credit Union lent most frequently to those with DTI ratios of 30-36%, with 35 originations. The next most common DTI ratio? 20-30%, with 22 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 181 $28,105,000 $155,276 $3,969 4.92%
    Asian 28 $4,010,000 $143,214 $3,989 4.93%
    Not provided 25 $1,695,000 $67,800 $2,895 5.31%
    Filipino 1 $445,000 $445,000 $3,611 3.75%
    Native Hawaiian or Islander 3 $265,000 $88,333 $0 5.25%
    American Indian 4 $200,000 $50,000 $4,040 4.83%
    Black 1 $145,000 $145,000 $0 5.50%
    Not applicable 2 $90,000 $45,000 $0 5.38%

    Approval Rates

    Total approvals of all applications
    82.44%

    Cbc Federal Credit Union has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    62.45%

    Cbc Federal Credit Union has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 245 $34,955,000 $142,673

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 245 $34,955,000 $142,673

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 44 $7,190,000 $163,409 $3,650 4.99%
    40-60% 10 $3,090,000 $309,000 $4,309 4.26%
    60-80% 10 $4,180,000 $418,000 $4,915 4.39%
    80-100% 4 $2,070,000 $517,500 $4,960 4.09%
    Under 20% 132 $9,020,000 $68,333 $1,922 5.30%

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    CIBC BANCORP USA INC. Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 33.3%
    CIBC BANCORP USA INC. Conventional home mortgage Closing on a mortgage 1 33.3%
    CIBC BANCORP USA INC. FHA mortgage Applying for a mortgage or refinancing an existing mortgage 1 33.3%