Creighton Federal Credit Union Mortgage Rates, Fees & Info

Omaha, NE

LEI: 549300LNFFMJM1GR5C72

Tax ID: 47-0400146

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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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

    Creighton Federal Credit Union is a smaller credit union specializing in Other, Cash Out Refi, Refi, and Home Purchase loans. Creighton Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Omaha, Edwards, Steamboat Springs, Lincoln, and Kansas City among others. We have data for 9 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Creighton Federal Credit Union has an above average approval rate when compared to the average across all lenders. Creighton 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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    Originations

    168

    Origination Dollar Volume (All Markets)

    $27,800,000

    Awards

    CREIGHTON FEDERAL CREDIT UNION 30 Year Conventional Loans silver CREIGHTON FEDERAL CREDIT UNION 30 Year Conventional Loans silver CREIGHTON FEDERAL CREDIT UNION 30 Year Conventional Loans gold CREIGHTON FEDERAL CREDIT UNION 30 Year Conventional Loans gold
    Show all (4) 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
    OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) 158 $25,800,000 $163,291 $1,687 3.22%
    Edwards, CO (FHA|USDA|VA) 1 $555,000 $555,000 $3,616 2.50%
    Steamboat Springs, CO (FHA|USDA|VA) 1 $425,000 $425,000 $3,816 2.88%
    LINCOLN, NE (FHA|USDA|VA) 3 $415,000 $138,333 $722 5.33%
    Outside of Metro Areas 1 $335,000 $335,000 $2,556 2.50%
    KANSAS CITY, MO-KS (FHA|USDA|VA) 1 $165,000 $165,000 $4,271 3.13%
    Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 1 $45,000 $45,000 $0 4.75%
    Fremont, NE (FHA|USDA|VA) 1 $35,000 $35,000 $0 5.50%
    NORWICH-NEW LONDON, CT (FHA|USDA|VA) 1 $25,000 $25,000 $0 4.25%
    Creighton Federal Credit Union's top markets include Omaha, Edwards, Steamboat Springs, Lincoln, and Kansas City among others.

    Their top states include:
  • Nebraska (FHA|USDA|VA)
  • Iowa (FHA|USDA|VA)
  • Colorado (FHA|USDA|VA)
  • Kansas (FHA|USDA|VA)
  • Virginia (FHA|USDA|VA)

    • Similar Lenders

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

    CREIGHTON FEDERAL CREDIT UNION
    Similarity Rank: 207
    KELLOGG MIDWEST FEDERAL CREDIT UNION
    Similarity Rank: 252
    MUTUAL FIRST
    Similarity Rank: 288
    LIBERTY FIRST
    Similarity Rank: 396
    CORNHUSKER BANK
    Similarity Rank: 495
    South Metro Federal Credit Union
    Similarity Rank: 564
    Cobalt Credit Union
    Similarity Rank: 855
    METRO CU
    Similarity Rank: 880
    Central National Bank
    Similarity Rank: 900
    Union Bank and Trust Company
    Similarity Rank: 1240

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 158 $27,340,000 $173,038 $1,695 3.19%
    HELOC 10 $460,000 $46,000 n/a 4.63%

    For 2020, Creighton Federal Credit Union's most frequently originated type of loan was Conventional, with 158 originations. Their 2nd most popular type was HELOC, with 10 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Other 54 $6,250,000 $115,741 $1,040 4.03%
    Cash Out Refi 43 $7,565,000 $175,930 $2,220 2.81%
    Refi 29 $7,085,000 $244,310 $2,042 2.47%
    Home Purchase 28 $5,660,000 $202,143 $1,951 3.00%
    Home Improvement 14 $1,240,000 $88,571 $932 4.03%

    For 2020, Creighton Federal Credit Union's most frequently cited loan purpose was Other, with 54 originations. The 2nd most popular reason was Cash Out Refi, with 43 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    15 Year 74 $13,250,000 $179,054 $2,171 2.81%
    30 Year 36 $8,090,000 $224,722 $2,185 3.02%
    10 Year 26 $1,990,000 $76,538 $780 4.22%
    5 Year 14 $480,000 $34,286 $0 5.04%
    Other 12 $2,630,000 $219,167 $1,632 3.08%
    20 Year 6 $1,360,000 $226,667 $1,715 2.73%

    For 2020, Creighton Federal Credit Union's most frequently cited loan duration was 15 Year, with 74 originations. The 2nd most popular length was 30 Year, with 36 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 145 $24,465,000 $168,724
    $1k-2k 10 $2,270,000 $227,000
    $5k+ 2 $440,000 $220,000
    $2k-3k 1 $165,000 $165,000

    Creighton Federal Credit Union's average total fees were $2,185, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 145 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    <2.5% 61 $13,135,000 $215,328
    2.5-3% 45 $9,605,000 $213,444
    4-5% 24 $1,130,000 $47,083
    3-4% 20 $3,260,000 $163,000
    5-6% 13 $425,000 $32,692
    6-7% 3 $135,000 $45,000
    7-8% 1 $25,000 $25,000
    Over 8% 1 $85,000 $85,000

    During 2020, Creighton Federal Credit Union's average interest rate for loans was 3.02%, while their most frequently originated rate bucket for loans was <2.5%, with 61 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 57 $8,725,000 $153,070 $1,993 2.75%
    $100,000 or less 56 $2,810,000 $50,179 $609 4.48%
    $200k-400k 50 $13,830,000 $276,600 $2,248 2.60%
    $400k-600k 5 $2,435,000 $487,000 $3,029 2.53%

    2020 saw Creighton Federal Credit Union place emphasis on $100k-200k loans with 57 originations, totaling $8,725,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 52 $8,860,000 $170,385 $1,718 3.16%
    $75k-100k 32 $4,040,000 $126,250 $1,385 3.52%
    $50k-75k 30 $3,330,000 $111,000 $1,566 3.57%
    $150k-250k 28 $5,700,000 $203,571 $1,811 3.13%
    $250k+ 16 $4,750,000 $296,875 $2,397 2.59%
    $50k or less 10 $1,120,000 $112,000 $1,445 3.71%

    Creighton Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 52 originations. The second most popular income band? $75k-100k, with 32 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 37 $5,345,000 $144,459 $1,915 3.09%
    30-36% 32 $5,860,000 $183,125 $1,916 3.22%
    <20% 29 $5,585,000 $192,586 $1,705 2.97%
    44% 8 $960,000 $120,000 $1,324 3.45%
    50-60% 7 $1,115,000 $159,286 $1,033 3.98%
    38% 7 $1,005,000 $143,571 $1,442 3.20%
    39% 7 $1,205,000 $172,143 $1,575 3.36%
    40% 7 $655,000 $93,571 $1,132 3.61%
    36% 6 $1,240,000 $206,667 $1,812 3.21%
    43% 4 $380,000 $95,000 $1,068 4.25%
    37% 4 $690,000 $172,500 $1,971 2.97%
    45% 4 $1,070,000 $267,500 $1,205 4.63%
    46% 4 $670,000 $167,500 $1,602 3.53%
    49% 4 $700,000 $175,000 $1,632 3.63%
    48% 3 $535,000 $178,333 $1,637 4.00%
    42% 3 $385,000 $128,333 $2,076 2.50%
    47% 1 $275,000 $275,000 $2,127 2.38%
    41% 1 $125,000 $125,000 $1,968 3.13%

    Creighton Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 37 originations. The next most common DTI ratio? 30-36%, with 32 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 128 $22,550,000 $176,172 $1,753 3.22%
    Not provided 28 $3,050,000 $108,929 $1,292 3.78%
    Asian 4 $930,000 $232,500 $2,006 2.41%
    Black 5 $905,000 $181,000 $1,990 3.00%
    American Indian 2 $280,000 $140,000 $1,009 2.50%
    Other Asian 1 $85,000 $85,000 $1,939 2.63%

    Approval Rates

    Total approvals of all applications
    100.00%

    Creighton Federal Credit Union has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination

    Points and Fees

    Points Originations Total Value Average Loan
    NA 168 $27,800,000 $165,476

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 168 $27,800,000 $165,476

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 21 $1,945,000 $92,619 $1,007 3.86%
    40-60% 28 $4,620,000 $165,000 $1,732 2.99%
    60-80% 54 $11,230,000 $207,963 $2,179 2.76%
    80-100% 38 $9,090,000 $239,211 $2,169 2.80%
    Under 20% 27 $915,000 $33,889 $0 4.82%