Capital Educators Federal Credit Union Mortgage Rates, Fees & Info
Meridian, IDLEI: 549300LYL7JC81I5DV55
Tax ID: 82-0212120
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Mortgage Data
Review & Overview
Capital Educators Federal Credit Union is a smaller credit union specializing in Refi loans. Capital Educators Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Boise City, Rexburg, Idaho Falls, Twin Falls, and Hailey among others. We have data for 12 markets. (Some data included below & more in-depth data is available with an active subscription.)Capital Educators 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. Capital Educators 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 |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 6.27% | 4/21/24 |
| 30 Year Conventional Purchase | 6.17% | 4/21/24 |
| 30 Year Conventional Refi | 6.33% | 4/21/24 |
| 30 Year Cash-out Refi | 6.68% | 4/21/24 |
| 15 Year Conventional Purchase | 5.71% | 4/21/24 |
| 15 Year Conventional Refi | 5.89% | 4/21/24 |
| 15 Year Cash-out Refi | 5.89% | 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. | ||
Capital Educators Federal Credit Union Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
581Origination Dollar Volume (All Markets)
$67,415,000Top 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 |
|---|---|---|---|---|---|
| BOISE CITY, ID (FHA|USDA|VA) | 544 | $55,480,000 | $101,985 | $2,573 | 4.82% |
| Rexburg, ID (FHA|USDA|VA) | 1 | $6,505,000 | $6,505,000 | $0 | 5.38% |
| IDAHO FALLS, ID (FHA|USDA|VA) | 2 | $2,130,000 | $1,065,000 | $2,373 | 4.57% |
| Outside of Metro Areas | 14 | $1,460,000 | $104,286 | $1,379 | 4.49% |
| TWIN FALLS, ID (FHA|USDA|VA) | 6 | $570,000 | $95,000 | $3,502 | 5.05% |
| Hailey, ID (FHA|USDA|VA) | 4 | $350,000 | $87,500 | $1,581 | 4.26% |
| Ontario, OR-ID (FHA|USDA|VA) | 5 | $295,000 | $59,000 | $3,703 | 4.97% |
| Outside of Metro Areas | 1 | $285,000 | $285,000 | $6,668 | 4.99% |
| Sandpoint, ID (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $5,062 | 4.97% |
| Moscow, ID (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $1,875 | 3.79% |
| POCATELLO, ID (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 5.75% |
| Mountain Home, ID (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 5.25% |
Similar Lenders
We use machine learning to identify the top lenders compared against CAPITAL EDUCATORS FEDERAL CREDIT UNION based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| HELOC | 354 | $26,200,000 | $74,011 | n/a | 4.99% |
| Conventional | 227 | $41,215,000 | $181,564 | $2,570 | 4.53% |
For 2018, Capital Educators Federal Credit Union's most frequently originated type of loan was HELOC, with 354 originations. Their 2nd most popular type was Conventional, with 227 originations.
Loan Reason
For 2018, Capital Educators Federal Credit Union's most frequently cited loan purpose was Home Improvement, with 201 originations. The 2nd most popular reason was Refi, with 186 originations.
Loan Duration/Length
For 2018, Capital Educators Federal Credit Union's most frequently cited loan duration was 20 Year, with 376 originations. The 2nd most popular length was 15 Year, with 124 originations.
Origination Fees/Closing Costs
Capital Educators Federal Credit Union's average total fees were $5,313, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 103 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 4-5% | 318 | $31,110,000 | $97,830 |
| 5-6% | 129 | $20,355,000 | $157,791 |
| 3-4% | 85 | $12,915,000 | $151,941 |
| 6-7% | 43 | $2,775,000 | $64,535 |
| 7-8% | 6 | $260,000 | $43,333 |
During 2018, Capital Educators Federal Credit Union's average interest rate for loans was 4.96%, while their most frequently originated rate bucket for loans was 4-5%, with 318 originations.
Loan Sizing
2018 saw Capital Educators Federal Credit Union place emphasis on $100,000 or less loans with 357 originations, totaling $17,765,000 in origination value.
Applicant Income
Capital Educators Federal Credit Union lent most frequently to those with incomes in the $50k-75k range, with 148 originations. The second most popular income band? $100k-150k, with 138 originations.
Applicant Debt to Income Ratio
Capital Educators 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 124 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications90.65%
Capital Educators Federal Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination70.40%
Capital Educators Federal Credit Union has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 581 | $67,415,000 | $116,033 |
Occupancy Type Mix
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2018 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| CAPITAL ONE FINANCIAL CORPORATION | Other type of mortgage | Trouble during payment process | 12 | 16.2% |
| CAPITAL ONE FINANCIAL CORPORATION | Other type of mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 1.4% |
| CAPITAL ONE FINANCIAL CORPORATION | Other type of mortgage | Closing on a mortgage | 2 | 2.7% |
| CAPITAL ONE FINANCIAL CORPORATION | Other type of mortgage | Incorrect information on your report | 2 | 2.7% |
| CAPITAL ONE FINANCIAL CORPORATION | Other type of mortgage | Struggling to pay mortgage | 2 | 2.7% |
| CAPITAL ONE FINANCIAL CORPORATION | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 4 | 5.4% |
| CAPITAL ONE FINANCIAL CORPORATION | Conventional home mortgage | Closing on a mortgage | 2 | 2.7% |
| CAPITAL ONE FINANCIAL CORPORATION | Conventional home mortgage | Problem with a credit reporting company's investigation into an existing problem | 1 | 1.4% |
| CAPITAL ONE FINANCIAL CORPORATION | Conventional home mortgage | Struggling to pay mortgage | 8 | 10.8% |
| CAPITAL ONE FINANCIAL CORPORATION | Conventional home mortgage | Trouble during payment process | 21 | 28.4% |
| CAPITAL ONE FINANCIAL CORPORATION | FHA mortgage | Struggling to pay mortgage | 1 | 1.4% |
| CAPITAL ONE FINANCIAL CORPORATION | Home equity loan or line of credit (HELOC) | Applying for a mortgage or refinancing an existing mortgage | 6 | 8.1% |
| CAPITAL ONE FINANCIAL CORPORATION | Home equity loan or line of credit (HELOC) | Closing on a mortgage | 3 | 4.1% |
| CAPITAL ONE FINANCIAL CORPORATION | Home equity loan or line of credit (HELOC) | Incorrect information on your report | 1 | 1.4% |
| CAPITAL ONE FINANCIAL CORPORATION | Home equity loan or line of credit (HELOC) | Trouble during payment process | 8 | 10.8% |