Cbc Federal Credit Union Mortgage Rates, Fees & Info

Oxnard, CA

LEI: 549300ESNLIWVN3TK065

Tax ID: 95-1767367

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Mortgage Data

Review & Overview

Cbc Federal Credit Union is a smaller credit union specializing in Cash Out Refi and Refi loans. Cbc Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Oxnard, Los Angeles, Santa Maria, Fresno, and Sacramento among others. We have data for 9 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 an average 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 5.87% 3/24/24
30 Year Conventional Refi 5.74% 3/24/24
30 Year Cash-out Refi 5.81% 3/24/24
15 Year Conventional Purchase 5.68% 3/24/24
15 Year Conventional Refi 5.75% 3/24/24
15 Year Cash-out Refi 5.75% 3/24/24
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

257

Origination Dollar Volume (All Markets)

$54,655,000

Awards

CBC Federal Credit Union 30 Year Conventional Loans gold CBC 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
OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 229 $46,595,000 $203,472 $4,503 4.82%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 10 $3,870,000 $387,000 $4,623 5.09%
Outside of Metro Areas 10 $1,580,000 $158,000 $4,530 4.49%
SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 2 $1,050,000 $525,000 $0 4.69%
FRESNO, CA (FHA|USDA|VA) 1 $405,000 $405,000 $3,936 3.63%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 1 $395,000 $395,000 $4,513 3.38%
MERCED, CA (FHA|USDA|VA) 1 $385,000 $385,000 $3,789 3.38%
SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 1 $195,000 $195,000 $3,216 3.63%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 2 $180,000 $90,000 $0 5.13%
Cbc Federal Credit Union's top markets include Oxnard, Los Angeles, Santa Maria, Fresno, and Sacramento among others.

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

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    HELOC 139 $12,895,000 $92,770 n/a 5.63%
    Conventional 118 $41,760,000 $353,898 $4,488 3.81%

    For 2019, Cbc Federal Credit Union's most frequently originated type of loan was HELOC, with 139 originations. Their 2nd most popular type was Conventional, with 118 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 129 $23,155,000 $179,496 $5,074 5.08%
    Refi 60 $20,330,000 $338,833 $4,280 3.81%
    Home Improvement 36 $5,190,000 $144,167 $3,442 5.26%
    Other 22 $1,630,000 $74,091 $2,130 5.58%
    Home Purchase 10 $4,350,000 $435,000 $5,421 3.79%

    For 2019, Cbc Federal Credit Union's most frequently cited loan purpose was Cash Out Refi, with 129 originations. The 2nd most popular reason was Refi, with 60 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    15 Year 161 $17,245,000 $107,112 $3,277 5.42%
    30 Year 83 $35,255,000 $424,759 $4,977 3.64%
    20 Year 9 $1,715,000 $190,556 $3,521 4.85%
    10 Year 4 $440,000 $110,000 $3,293 3.94%

    For 2019, Cbc Federal Credit Union's most frequently cited loan duration was 15 Year, with 161 originations. The 2nd most popular length was 30 Year, with 83 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 70 $24,950,000 $356,429
    $2k-3k 23 $6,915,000 $300,652
    $5k+ 13 $5,605,000 $431,154
    $3k-4k 6 $2,220,000 $370,000
    $4k-5k 6 $2,070,000 $345,000

    Cbc Federal Credit Union's average total fees were $4,977, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 70 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 113 $11,025,000 $97,566
    3-4% 80 $31,490,000 $393,625
    4-5% 33 $6,775,000 $205,303
    6-7% 20 $1,610,000 $80,500
    2.5-3% 11 $3,755,000 $341,364

    During 2019, Cbc Federal Credit Union's average interest rate for loans was 3.64%, while their most frequently originated rate bucket for loans was 5-6%, with 113 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 102 $5,970,000 $58,529 $2,562 5.64%
    $200k-400k 60 $18,120,000 $302,000 $4,760 4.06%
    $100k-200k 52 $6,610,000 $127,115 $3,234 4.98%
    $400k-600k 31 $14,615,000 $471,452 $5,114 3.56%
    $600k-1MM 10 $7,290,000 $729,000 $5,476 3.70%
    $1MM+ 2 $2,050,000 $1,025,000 $6,305 3.88%

    2019 saw Cbc Federal Credit Union place emphasis on $100,000 or less loans with 102 originations, totaling $5,970,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 68 $11,370,000 $167,206 $4,871 4.87%
    $150k-250k 54 $9,970,000 $184,630 $3,556 5.29%
    $75k-100k 39 $7,015,000 $179,872 $4,855 4.90%
    $50k-75k 20 $2,910,000 $145,500 $4,569 4.81%
    $50k or less 17 $1,815,000 $106,765 $3,485 4.78%
    $250k+ 16 $5,470,000 $341,875 $5,051 5.24%

    Cbc Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 68 originations. The second most popular income band? $150k-250k, with 54 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 52 $8,530,000 $164,038 $3,552 5.14%
    30-36% 33 $5,895,000 $178,636 $4,137 4.73%
    49% 11 $1,815,000 $165,000 $2,913 5.10%
    48% 11 $2,565,000 $233,182 $5,561 4.61%
    38% 10 $2,250,000 $225,000 $4,042 4.68%
    41% 9 $1,965,000 $218,333 $6,624 4.93%
    <20% 8 $2,030,000 $253,750 $4,557 5.03%
    39% 8 $1,430,000 $178,750 $3,983 5.28%
    42% 8 $830,000 $103,750 $2,184 5.50%
    46% 6 $1,360,000 $226,667 $4,147 4.65%
    47% 6 $1,470,000 $245,000 $3,676 4.15%
    43% 6 $960,000 $160,000 $6,774 4.98%
    45% 5 $335,000 $67,000 $0 5.60%
    40% 4 $760,000 $190,000 $3,634 5.00%
    44% 4 $1,000,000 $250,000 $9,686 4.59%
    36% 4 $560,000 $140,000 $0 5.94%
    37% 3 $525,000 $175,000 $7,135 4.96%
    >60% 1 $105,000 $105,000 $2,280 5.75%

    Cbc Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 52 originations. The next most common DTI ratio? 30-36%, with 33 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 184 $40,450,000 $219,837 $4,325 4.78%
    Not provided 33 $5,335,000 $161,667 $4,480 4.93%
    Asian 20 $3,780,000 $189,000 $4,375 5.08%
    Black 8 $2,370,000 $296,250 $6,456 4.53%
    Not applicable 7 $1,575,000 $225,000 $6,066 4.29%
    American Indian 4 $640,000 $160,000 $4,463 5.00%
    Filipino 1 $505,000 $505,000 $3,204 3.13%

    Approval Rates

    Total approvals of all applications
    78.26%

    Cbc Federal Credit Union has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    59.92%

    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 257 $54,655,000 $212,665

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 257 $54,655,000 $212,665

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 28 $4,840,000 $172,857 $3,405 4.95%
    40-60% 21 $6,565,000 $312,619 $3,882 3.88%
    60-80% 27 $11,495,000 $425,741 $5,239 3.68%
    80-100% 6 $3,630,000 $605,000 $6,363 3.71%
    Under 20% 108 $8,050,000 $74,537 $2,550 5.58%

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    CIBC BANCORP USA INC. Home equity loan or line of credit (HELOC) Trouble during payment process 1 100.0%