Cyprus Federal Credit Union Mortgage Rates, Fees & Info

West Jordan, UT

LEI: 549300HS714PZ0BMPN11

Tax ID: 87-0127320

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

    Cyprus Federal Credit Union is a smaller credit union specializing in Cash Out Refi, Home Purchase, and Refi loans. Cyprus Federal Credit Union has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Salt Lake City, Provo, Ogden, St. George, and Heber among others. We have data for 9 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Cyprus 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. Cyprus 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 6.39% 4/18/24
    30 Year Conventional Refi 6.28% 4/18/24
    30 Year Cash-out Refi 6.57% 4/18/24
    30 Year FHA Purchase 7.44% 4/18/24
    30 Year FHA Refi 7.77% 4/18/24
    30 Year VA Purchase 5.91% 4/18/24
    15 Year Conventional Purchase 5.59% 4/18/24
    15 Year Conventional Refi 5.90% 4/18/24
    15 Year Cash-out Refi 5.90% 4/18/24
    15 Year FHA Refi 5.68% 4/18/24
    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.

    Cyprus 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 Cyprus 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

    889

    Origination Dollar Volume (All Markets)

    $182,515,000
    Show all (9) 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
    SALT LAKE CITY, UT (FHA|USDA|VA) 722 $145,270,000 $201,205 $3,695 4.61%
    PROVO-OREM, UT (FHA|USDA|VA) 78 $17,680,000 $226,667 $4,109 4.51%
    OGDEN-CLEARFIELD, UT (FHA|USDA|VA) 56 $11,350,000 $202,679 $4,967 4.80%
    ST. GEORGE, UT (FHA|USDA|VA) 12 $3,430,000 $285,833 $4,692 4.33%
    Heber, UT (FHA|USDA|VA) 9 $2,665,000 $296,111 $4,042 4.59%
    LOGAN, UT-ID (FHA|USDA|VA) 5 $1,225,000 $245,000 $3,180 4.02%
    Outside of Metro Areas 5 $585,000 $117,000 $2,389 5.05%
    Price, UT (FHA|USDA|VA) 1 $255,000 $255,000 $2,767 3.88%
    Cedar City, UT (FHA|USDA|VA) 1 $55,000 $55,000 $0 5.24%
    Cyprus Federal Credit Union's top markets include Salt Lake City, Provo, Ogden, St. George, and Heber among others.

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

    • Similar Lenders

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

    State Bank of Southern Utah
    Similarity Rank: 189
    Jordan Federal Credit Union
    Similarity Rank: 245
    WEBER STATE FEDERAL CREDIT UNION
    Similarity Rank: 329
    CHARTWAY FEDERAL CREDIT UNION
    Similarity Rank: 470
    ADVANTAGE PLUS
    Similarity Rank: 833
    Wasatch Peaks Federal Credit Union
    Similarity Rank: 900
    HOMEAMERICAN MORTGAGE CORPORATION
    Similarity Rank: 1598
    West Gate Bank
    Similarity Rank: 1925
    SUN AMERICAN MORTGAGE COMPANY
    Similarity Rank: 2109
    CYPRUS Federal Credit Union
    Similarity Rank: 2565

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 796 $155,320,000 $195,126 $3,268 4.72%
    FHA 69 $18,445,000 $267,319 $7,674 3.69%
    VA 21 $6,035,000 $287,381 $5,087 3.39%
    USDA 2 $630,000 $315,000 $7,444 3.44%
    HELOC 1 $2,085,000 $2,085,000 n/a 6.50%

    For 2019, Cyprus Federal Credit Union's most frequently originated type of loan was Conventional, with 796 originations. Their 2nd most popular type was FHA, with 69 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 294 $66,650,000 $226,701 $3,203 4.26%
    Home Purchase 230 $64,950,000 $282,391 $5,090 4.34%
    Other 201 $8,635,000 $42,960 $0 6.12%
    Refi 164 $42,280,000 $257,805 $3,052 3.76%

    For 2019, Cyprus Federal Credit Union's most frequently cited loan purpose was Cash Out Refi, with 294 originations. The 2nd most popular reason was Home Purchase, with 230 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 512 $137,470,000 $268,496 $4,295 4.13%
    10 Year 262 $18,620,000 $71,069 $548 5.85%
    15 Year 69 $12,045,000 $174,565 $1,999 3.86%
    20 Year 35 $8,545,000 $244,143 $3,183 3.84%
    Other 7 $3,375,000 $482,143 $2,495 4.23%
    5 Year 3 $1,795,000 $598,333 $250 5.06%
    30+ year 1 $665,000 $665,000 $13,972 4.00%

    For 2019, Cyprus Federal Credit Union's most frequently cited loan duration was 30 Year, with 512 originations. The 2nd most popular length was 10 Year, with 262 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 345 $78,025,000 $226,159
    $1k-2k 141 $36,225,000 $256,915
    $2k-3k 58 $14,070,000 $242,586
    $3k-4k 50 $13,590,000 $271,800
    $5k+ 34 $13,470,000 $396,176
    $4k-5k 26 $7,120,000 $273,846

    Cyprus Federal Credit Union's average total fees were $4,295, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 345 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 393 $103,515,000 $263,397
    4-5% 235 $51,955,000 $221,085
    5-6% 142 $18,510,000 $130,352
    6-7% 60 $4,890,000 $81,500
    7-8% 30 $1,040,000 $34,667
    Over 8% 19 $755,000 $39,737
    2.5-3% 10 $1,850,000 $185,000

    During 2019, Cyprus Federal Credit Union's average interest rate for loans was 4.13%, while their most frequently originated rate bucket for loans was 3-4%, with 393 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 418 $114,780,000 $274,593 $4,362 4.06%
    $100,000 or less 266 $11,400,000 $42,857 $730 5.89%
    $100k-200k 148 $23,220,000 $156,892 $2,664 4.08%
    $400k-600k 47 $21,535,000 $458,191 $4,696 3.88%
    $1MM+ 5 $7,875,000 $1,575,000 $26,862 5.14%
    $600k-1MM 5 $3,705,000 $741,000 $10,506 4.74%

    2019 saw Cyprus Federal Credit Union place emphasis on $200k-400k loans with 418 originations, totaling $114,780,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 244 $46,680,000 $191,311 $3,889 4.51%
    $75k-100k 218 $43,930,000 $201,514 $3,921 4.68%
    $100k-150k 192 $41,360,000 $215,417 $3,982 4.76%
    $50k or less 166 $25,040,000 $150,843 $3,198 4.54%
    $150k-250k 50 $17,120,000 $342,400 $3,899 4.59%
    $250k+ 15 $6,025,000 $401,667 $5,351 4.07%

    Cyprus Federal Credit Union lent most frequently to those with incomes in the $50k-75k range, with 244 originations. The second most popular income band? $75k-100k, with 218 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 190 $35,460,000 $186,632 $2,986 4.40%
    30-36% 175 $37,145,000 $212,257 $3,534 4.54%
    44% 57 $11,795,000 $206,930 $4,344 4.60%
    42% 48 $10,080,000 $210,000 $4,306 4.67%
    <20% 46 $7,760,000 $168,696 $2,276 4.13%
    41% 40 $7,750,000 $193,750 $4,146 4.79%
    43% 39 $7,005,000 $179,615 $4,694 5.11%
    37% 35 $7,325,000 $209,286 $3,787 4.51%
    40% 33 $6,135,000 $185,909 $4,130 5.00%
    39% 31 $5,615,000 $181,129 $3,989 4.71%
    36% 28 $5,070,000 $181,071 $4,022 4.82%
    50-60% 27 $8,925,000 $330,556 $6,798 4.57%
    38% 26 $5,720,000 $220,000 $3,410 5.03%
    45% 18 $5,490,000 $305,000 $6,364 4.63%
    46% 18 $3,070,000 $170,556 $4,952 4.63%
    49% 17 $3,685,000 $216,765 $5,650 4.54%
    48% 14 $3,520,000 $251,429 $3,533 4.53%
    47% 14 $4,480,000 $320,000 $3,890 4.43%
    >60% 7 $1,575,000 $225,000 $7,870 5.13%

    Cyprus Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 190 originations. The next most common DTI ratio? 30-36%, with 175 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 771 $153,075,000 $198,541 $3,761 4.67%
    Not provided 38 $10,050,000 $264,474 $3,538 4.12%
    Asian 40 $9,720,000 $243,000 $3,506 4.21%
    Not applicable 16 $3,660,000 $228,750 $4,702 4.45%
    Native Hawaiian or Islander 10 $2,590,000 $259,000 $5,635 4.25%
    Black 5 $1,255,000 $251,000 $4,925 4.71%
    American Indian 5 $1,145,000 $229,000 $4,844 3.95%
    Other Asian 3 $855,000 $285,000 $4,459 3.67%
    Other Pacific Islander 1 $165,000 $165,000 $5,401 3.50%

    Approval Rates

    Total approvals of all applications
    89.11%

    Cyprus Federal Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    71.65%

    Cyprus Federal Credit Union has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 889 $182,515,000 $205,304

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 4 $5,510,000 $1,377,500
    Single Family (1-4 Units):Site-Built 885 $177,005,000 $200,006

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 64 $7,430,000 $116,094 $1,079 4.77%
    40-60% 86 $19,190,000 $223,140 $2,582 3.94%
    60-80% 243 $71,295,000 $293,395 $3,297 4.09%
    80-100% 265 $74,735,000 $282,019 $5,344 4.06%
    Over 100% 4 $1,190,000 $297,500 $11,506 4.47%
    Under 20% 225 $8,645,000 $38,422 $518 6.02%