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 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, San Diego, Riverside, and Santa Maria 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 above 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 high 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% 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

    481

    Origination Dollar Volume (All Markets)

    $207,655,000

    Awards

    CBC Federal Credit Union 30 Year Conventional Loans silver
    Show all (1) 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) 404 $142,560,000 $352,871 $5,866 3.13%
    Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 55 $51,985,000 $945,182 $18,756 3.23%
    SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 4 $3,590,000 $897,500 $17,094 2.91%
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 8 $2,970,000 $371,250 $4,796 3.19%
    SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 3 $2,265,000 $755,000 $7,193 2.88%
    SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 1 $1,925,000 $1,925,000 $26,950 3.13%
    San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 2 $1,570,000 $785,000 $6,996 2.63%
    SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 1 $465,000 $465,000 $15,765 3.88%
    VALLEJO, CA (FHA|USDA|VA) 1 $165,000 $165,000 $2,814 2.75%
    Outside of Metro Areas 2 $160,000 $80,000 $3,522 3.25%
    Cbc Federal Credit Union's top markets include Oxnard, Los Angeles, San Diego, Riverside, 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.

    Christian Community Credit Union
    Similarity Rank: 354
    LONG BEACH CITY EMPLOYEES Federal Credit Union
    Similarity Rank: 825
    First City Credit Union
    Similarity Rank: 1026
    COASTHILLS
    Similarity Rank: 1144
    Los Angeles Federal Credit Union
    Similarity Rank: 1230
    LA Financial Federal Credit Union
    Similarity Rank: 1374
    POPA FEDERAL CREDIT UNION
    Similarity Rank: 1380
    USC Credit Union
    Similarity Rank: 1440
    Water and Power Community Credit Union
    Similarity Rank: 1484
    SESLOC
    Similarity Rank: 1545

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 384 $198,700,000 $517,448 $7,730 2.91%
    HELOC 97 $8,955,000 $92,320 n/a 4.06%

    For 2021, Cbc Federal Credit Union's most frequently originated type of loan was Conventional, with 384 originations. Their 2nd most popular type was HELOC, with 97 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 146 $71,690,000 $491,027 $7,841 3.03%
    Refi 136 $63,580,000 $467,500 $6,723 2.83%
    Home Improvement 94 $19,200,000 $204,255 $4,730 3.63%
    Other 66 $17,750,000 $268,939 $4,526 3.34%
    Home Purchase 39 $35,435,000 $908,590 $18,049 3.14%

    For 2021, Cbc Federal Credit Union's most frequently cited loan purpose was Cash Out Refi, with 146 originations. The 2nd most popular reason was Refi, with 136 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 265 $169,945,000 $641,302 $9,691 2.94%
    15 Year 181 $29,225,000 $161,464 $3,430 3.40%
    20 Year 27 $7,395,000 $273,889 $3,473 3.58%
    10 Year 8 $1,090,000 $136,250 $3,295 2.42%

    For 2021, Cbc Federal Credit Union's most frequently cited loan duration was 30 Year, with 265 originations. The 2nd most popular length was 15 Year, with 181 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 153 $60,415,000 $394,869
    $5k+ 103 $98,935,000 $960,534
    $2k-3k 76 $23,430,000 $308,289
    $3k-4k 23 $9,045,000 $393,261
    $<1k 17 $1,915,000 $112,647
    $4k-5k 12 $4,960,000 $413,333

    Cbc Federal Credit Union's average total fees were $9,691, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 153 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 203 $105,565,000 $520,025
    3-4% 167 $77,375,000 $463,323
    <2.5% 82 $22,390,000 $273,049
    4-5% 26 $1,960,000 $75,385
    5-6% 3 $365,000 $121,667

    During 2021, Cbc Federal Credit Union's average interest rate for loans was 2.94%, while their most frequently originated rate bucket for loans was 2.5-3%, with 203 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 151 $44,745,000 $296,325 $4,113 2.78%
    $100,000 or less 80 $4,550,000 $56,875 $1,895 3.99%
    $100k-200k 73 $10,135,000 $138,836 $3,079 3.44%
    $400k-600k 68 $32,850,000 $483,088 $6,142 2.80%
    $600k-1MM 64 $51,550,000 $805,469 $12,727 2.98%
    $1MM+ 45 $63,825,000 $1,418,333 $21,826 3.09%

    2021 saw Cbc Federal Credit Union place emphasis on $200k-400k loans with 151 originations, totaling $44,745,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 120 $56,690,000 $472,417 $8,835 3.22%
    $100k-150k 119 $35,745,000 $300,378 $4,507 3.13%
    $250k+ 87 $80,115,000 $920,862 $16,024 3.21%
    $75k-100k 77 $19,025,000 $247,078 $4,658 3.05%
    $50k-75k 60 $12,550,000 $209,167 $4,047 3.06%
    $50k or less 13 $1,805,000 $138,846 $3,388 2.97%

    Cbc Federal Credit Union lent most frequently to those with incomes in the $150k-250k range, with 120 originations. The second most popular income band? $100k-150k, with 119 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 120 $50,750,000 $422,917 $6,974 2.99%
    30-36% 103 $48,385,000 $469,757 $8,195 3.16%
    <20% 54 $21,800,000 $403,704 $6,565 2.96%
    42% 24 $15,090,000 $628,750 $11,175 3.02%
    44% 21 $8,525,000 $405,952 $8,778 3.48%
    36% 20 $9,670,000 $483,500 $9,100 3.21%
    38% 19 $8,755,000 $460,789 $7,197 3.01%
    43% 17 $5,685,000 $334,412 $9,283 3.62%
    41% 16 $7,010,000 $438,125 $5,884 3.22%
    48% 13 $4,545,000 $349,615 $8,390 3.36%
    45% 12 $4,950,000 $412,500 $9,026 3.46%
    40% 11 $4,895,000 $445,000 $7,083 3.28%
    37% 10 $3,500,000 $350,000 $6,142 3.10%
    46% 8 $1,940,000 $242,500 $9,154 3.75%
    47% 8 $2,130,000 $266,250 $4,952 3.64%
    39% 7 $3,885,000 $555,000 $9,302 2.73%
    49% 7 $1,615,000 $230,714 $3,761 2.79%
    50-60% 4 $2,650,000 $662,500 $12,548 3.22%

    Cbc Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 120 originations. The next most common DTI ratio? 30-36%, with 103 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 352 $173,550,000 $493,040 $9,063 3.16%
    Not provided 62 $16,370,000 $264,032 $4,312 3.04%
    Asian 30 $7,570,000 $252,333 $3,656 3.18%
    Black 10 $3,850,000 $385,000 $5,395 3.21%
    Filipino 8 $2,410,000 $301,250 $4,232 2.61%
    American Indian 10 $1,940,000 $194,000 $2,551 3.53%
    Chinese 1 $635,000 $635,000 $3,194 2.88%
    Other Asian 4 $470,000 $117,500 $3,769 3.28%
    Native Hawaiian or Islander 1 $355,000 $355,000 $2,974 2.63%
    Guamanian 1 $265,000 $265,000 $2,901 2.75%
    Vietnamese 1 $145,000 $145,000 $2,762 2.50%
    Japanese 1 $95,000 $95,000 $2,753 2.63%

    Approval Rates

    Total approvals of all applications
    90.57%

    Cbc Federal Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    53.85%

    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 481 $207,655,000 $431,715

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    481 $207,655,000 $431,715

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 70 $15,280,000 $218,286 $3,478 2.95%
    40-60% 122 $53,280,000 $436,721 $5,506 2.73%
    60-80% 146 $106,440,000 $729,041 $11,297 2.92%
    80-100% 23 $21,525,000 $935,870 $14,590 3.09%
    Under 20% 113 $9,255,000 $81,903 $2,039 3.97%

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    CIBC BANCORP USA INC. Conventional home mortgage Closing on a mortgage 1 100.0%