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
  • 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 Refi 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, Santa Maria, Riverside, and Bakersfield among others. We have data for 10 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.

    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
    30 Year Conventional Purchase 5.87% 4/21/24
    30 Year Conventional Refi 5.74% 4/21/24
    30 Year Cash-out Refi 5.81% 4/21/24
    15 Year Conventional Purchase 5.68% 4/21/24
    15 Year Conventional Refi 5.75% 4/21/24
    15 Year Cash-out Refi 5.75% 4/21/24
    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.

    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

    557

    Origination Dollar Volume (All Markets)

    $209,005,000

    Awards

    CBC Federal Credit Union 30 Year Conventional Loans silver CBC Federal Credit Union 30 Year Conventional Loans silver
    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) 467 $158,785,000 $340,011 $4,703 3.07%
    Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 30 $27,360,000 $912,000 $13,285 3.30%
    Outside of Metro Areas 29 $10,285,000 $354,655 $5,628 3.08%
    SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 14 $7,790,000 $556,429 $6,986 3.37%
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 7 $2,505,000 $357,857 $5,351 3.48%
    BAKERSFIELD, CA (FHA|USDA|VA) 4 $860,000 $215,000 $3,123 3.06%
    SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 2 $540,000 $270,000 $5,273 3.50%
    MERCED, CA (FHA|USDA|VA) 1 $385,000 $385,000 $4,353 2.75%
    SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 1 $335,000 $335,000 $3,362 2.50%
    SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 2 $160,000 $80,000 $2,793 3.63%
    Cbc Federal Credit Union's top markets include Oxnard, Los Angeles, Santa Maria, Riverside, and Bakersfield 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.

    HOMEAMERICAN MORTGAGE CORPORATION
    Similarity Rank: 363
    SESLOC
    Similarity Rank: 624
    Christian Community Credit Union
    Similarity Rank: 716
    COASTHILLS
    Similarity Rank: 804
    CHOICE LENDING CORP.
    Similarity Rank: 1035
    LONG BEACH CITY EMPLOYEES Federal Credit Union
    Similarity Rank: 1053
    KINGS MORTGAGE SERVICES, INC.
    Similarity Rank: 1152
    FFC Mortgage Corp.
    Similarity Rank: 1428
    WINNPOINTE CORPORATION
    Similarity Rank: 1584
    Residential Mortgage Solutions, Inc.
    Similarity Rank: 1615

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 500 $203,650,000 $407,300 $5,255 2.95%
    HELOC 57 $5,355,000 $93,947 n/a 4.39%

    For 2020, Cbc Federal Credit Union's most frequently originated type of loan was Conventional, with 500 originations. Their 2nd most popular type was HELOC, with 57 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 259 $98,095,000 $378,745 $4,514 2.91%
    Cash Out Refi 244 $86,270,000 $353,566 $5,301 3.13%
    Home Purchase 25 $20,185,000 $807,400 $12,657 3.41%
    Other 19 $1,425,000 $75,000 $0 4.38%
    Home Improvement 10 $3,030,000 $303,000 $3,614 3.77%

    For 2020, Cbc Federal Credit Union's most frequently cited loan purpose was Refi, with 259 originations. The 2nd most popular reason was Cash Out Refi, with 244 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 313 $157,575,000 $503,435 $6,243 3.07%
    15 Year 202 $41,260,000 $204,257 $3,642 3.18%
    20 Year 25 $7,475,000 $299,000 $3,677 3.00%
    10 Year 17 $2,695,000 $158,529 $3,151 2.64%

    For 2020, Cbc Federal Credit Union's most frequently cited loan duration was 30 Year, with 313 originations. The 2nd most popular length was 15 Year, with 202 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 305 $111,135,000 $364,377
    $2k-3k 94 $28,860,000 $307,021
    $5k+ 67 $49,235,000 $734,851
    $3k-4k 20 $8,340,000 $417,000
    $4k-5k 14 $6,080,000 $434,286

    Cbc Federal Credit Union's average total fees were $6,243, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 305 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 256 $82,610,000 $322,695
    3-4% 193 $103,925,000 $538,472
    <2.5% 80 $18,760,000 $234,500
    4-5% 21 $3,225,000 $153,571
    5-6% 4 $350,000 $87,500
    6-7% 3 $135,000 $45,000

    During 2020, Cbc Federal Credit Union's average interest rate for loans was 3.07%, while their most frequently originated rate bucket for loans was 2.5-3%, with 256 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 219 $65,495,000 $299,064 $4,140 2.86%
    $400k-600k 106 $50,790,000 $479,151 $5,187 3.06%
    $100k-200k 96 $14,510,000 $151,146 $3,192 3.00%
    $100,000 or less 59 $3,575,000 $60,593 $2,859 3.96%
    $600k-1MM 52 $39,200,000 $753,846 $8,130 3.23%
    $1MM+ 25 $35,435,000 $1,417,400 $17,913 3.42%

    2020 saw Cbc Federal Credit Union place emphasis on $200k-400k loans with 219 originations, totaling $65,495,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 152 $50,630,000 $333,092 $4,412 2.95%
    $150k-250k 141 $59,835,000 $424,362 $5,742 3.25%
    $75k-100k 100 $26,160,000 $261,600 $3,932 3.07%
    $50k-75k 67 $14,975,000 $223,507 $3,744 2.99%
    $250k+ 58 $49,910,000 $860,517 $12,500 3.43%
    $50k or less 21 $2,965,000 $141,190 $3,047 3.01%

    Cbc Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 152 originations. The second most popular income band? $150k-250k, with 141 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 154 $54,570,000 $354,351 $4,683 3.04%
    30-36% 95 $35,185,000 $370,368 $4,995 3.06%
    <20% 63 $16,815,000 $266,905 $4,014 3.03%
    41% 25 $9,365,000 $374,600 $5,691 3.43%
    36% 21 $10,985,000 $523,095 $7,924 3.16%
    45% 21 $7,845,000 $373,571 $4,219 3.14%
    44% 19 $10,355,000 $545,000 $5,262 3.07%
    42% 17 $5,605,000 $329,706 $4,218 3.15%
    38% 17 $6,325,000 $372,059 $5,307 2.93%
    40% 17 $6,715,000 $395,000 $8,182 3.26%
    37% 16 $5,230,000 $326,875 $4,204 3.19%
    48% 16 $9,250,000 $578,125 $9,096 3.16%
    43% 15 $7,605,000 $507,000 $7,100 3.30%
    49% 12 $4,670,000 $389,167 $5,985 3.16%
    46% 12 $4,870,000 $405,833 $7,366 3.30%
    39% 11 $3,645,000 $331,364 $5,717 3.15%
    47% 6 $4,050,000 $675,000 $7,642 2.96%
    50-60% 2 $1,630,000 $815,000 $23,079 4.31%

    Cbc Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 154 originations. The next most common DTI ratio? 30-36%, with 95 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 338 $134,310,000 $397,367 $5,936 3.16%
    Not provided 120 $41,120,000 $342,667 $4,198 2.99%
    Asian 45 $15,965,000 $354,778 $4,381 3.04%
    Filipino 22 $7,040,000 $320,000 $4,746 2.95%
    Black 8 $3,300,000 $412,500 $4,167 3.34%
    American Indian 8 $2,170,000 $271,250 $3,052 2.75%
    Other Asian 3 $1,145,000 $381,667 $3,162 2.96%
    Not applicable 5 $995,000 $199,000 $3,329 3.23%
    Native Hawaiian or Islander 2 $970,000 $485,000 $3,918 3.06%
    Samoan 2 $700,000 $350,000 $7,535 2.69%
    Chinese 1 $495,000 $495,000 $8,393 2.88%
    Asian Indian 1 $305,000 $305,000 $3,463 2.75%
    Guamanian 1 $285,000 $285,000 $3,363 3.13%
    Japanese 1 $205,000 $205,000 $2,726 2.88%

    Approval Rates

    Total approvals of all applications
    88.77%

    Cbc Federal Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    54.40%

    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 557 $209,005,000 $375,233

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 2 $340,000 $170,000
    Single Family (1-4 Units):Site-Built 555 $208,665,000 $375,973

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 103 $21,955,000 $213,155 $3,416 2.85%
    40-60% 148 $57,850,000 $390,878 $4,099 2.86%
    60-80% 189 $103,655,000 $548,439 $7,138 3.10%
    80-100% 22 $15,120,000 $687,273 $9,376 3.32%
    Under 20% 77 $6,135,000 $79,675 $2,978 3.88%