Capital Educators Federal Credit Union Mortgage Rates, Fees & Info

Meridian, ID

LEI: 549300LYL7JC81I5DV55

Tax ID: 82-0212120

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

    Capital Educators Federal Credit Union is a smaller credit union specializing in Cash Out Refi, Refi, and Home Purchase loans. Capital Educators Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Boise City, Twin Falls, Idaho Falls, Mountain Home, and Pocatello 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.

    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
    Home Equity Line of Credit (HELOC) 6.27% 12/16/24
    30 Year Conventional Purchase 6.17% 12/16/24
    30 Year Conventional Refi 6.33% 12/16/24
    30 Year Cash-out Refi 6.68% 12/16/24
    15 Year Conventional Purchase 5.71% 12/16/24
    15 Year Conventional Refi 5.89% 12/16/24
    15 Year Cash-out Refi 5.89% 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.

    Capital Educators 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 Capital Educators 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

    990

    Origination Dollar Volume (All Markets)

    $141,630,000

    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
    BOISE CITY, ID (FHA|USDA|VA) 927 $124,815,000 $134,644 $2,983 4.61%
    TWIN FALLS, ID (FHA|USDA|VA) 10 $3,260,000 $326,000 $1,655 4.65%
    Outside of Metro Areas 22 $3,030,000 $137,727 $2,714 4.43%
    IDAHO FALLS, ID (FHA|USDA|VA) 3 $2,845,000 $948,333 $6,838 4.73%
    Mountain Home, ID (FHA|USDA|VA) 4 $2,650,000 $662,500 $525 5.02%
    POCATELLO, ID (FHA|USDA|VA) 2 $1,890,000 $945,000 $2,044 4.27%
    Ontario, OR-ID (FHA|USDA|VA) 11 $1,705,000 $155,000 $3,072 4.58%
    Burley, ID (FHA|USDA|VA) 2 $770,000 $385,000 $5,158 4.75%
    Hailey, ID (FHA|USDA|VA) 6 $400,000 $66,667 $525 4.89%
    Helena, MT (FHA|USDA|VA) 1 $125,000 $125,000 $0 6.25%
    Jackson, WY-ID (FHA|USDA|VA) 1 $75,000 $75,000 $0 5.00%
    Outside of Metro Areas 1 $65,000 $65,000 $0 5.25%
    Capital Educators Federal Credit Union's top markets include Boise City, Twin Falls, Idaho Falls, Mountain Home, and Pocatello among others.

    Their top states include:
  • Idaho (FHA|USDA|VA)
  • Oregon (FHA|USDA|VA)
  • Montana (FHA|USDA|VA)

    • 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.

    PIONEER
    Similarity Rank: 168
    FIRST MORTGAGE COMPANY, INC.
    Similarity Rank: 182
    CONNECTIONS
    Similarity Rank: 420
    CHERRY CREEK MORTGAGE, LLC
    Similarity Rank: 858
    Icon Credit Union
    Similarity Rank: 1469
    WESTMARK Credit Union
    Similarity Rank: 1470
    First Federal Savings Bank of Twin Falls
    Similarity Rank: 1840
    CAPITAL EDUCATORS FEDERAL CREDIT UNION
    Similarity Rank: 1860
    Charles Schwab Bank, SSB
    Similarity Rank: 2313
    SOVEREIGN LENDING GROUP INCORPORATED
    Similarity Rank: 2364

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 540 $108,980,000 $201,815 $2,967 4.05%
    HELOC 450 $32,650,000 $72,556 n/a 5.28%

    For 2019, Capital Educators Federal Credit Union's most frequently originated type of loan was Conventional, with 540 originations. Their 2nd most popular type was HELOC, with 450 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 364 $40,030,000 $109,973 $2,418 4.81%
    Home Improvement 236 $22,130,000 $93,771 $2,179 4.85%
    Refi 223 $39,205,000 $175,807 $2,332 4.21%
    Home Purchase 141 $35,765,000 $253,652 $5,270 4.32%
    Other 26 $4,500,000 $173,077 $2,908 4.63%

    For 2019, Capital Educators Federal Credit Union's most frequently cited loan purpose was Cash Out Refi, with 364 originations. The 2nd most popular reason was Home Improvement, with 236 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    20 Year 478 $37,820,000 $79,121 $4,469 5.21%
    15 Year 252 $39,780,000 $157,857 $1,010 3.94%
    30 Year 198 $47,640,000 $240,606 $5,819 4.26%
    10 Year 51 $12,555,000 $246,176 $706 3.93%
    Other 9 $3,795,000 $421,667 $1,988 4.07%
    5 Year 2 $40,000 $20,000 $380 1.90%

    For 2019, Capital Educators Federal Credit Union's most frequently cited loan duration was 20 Year, with 478 originations. The 2nd most popular length was 15 Year, with 252 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 283 $42,075,000 $148,675
    $3k-4k 100 $24,200,000 $242,000
    $2k-3k 78 $13,420,000 $172,051
    $4k-5k 30 $10,320,000 $344,000
    $1k-2k 28 $2,570,000 $91,786
    $5k+ 13 $5,755,000 $442,692

    Capital Educators Federal Credit Union's average total fees were $5,819, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 283 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 331 $63,145,000 $190,770
    5-6% 312 $27,370,000 $87,724
    4-5% 305 $48,705,000 $159,689
    6-7% 23 $1,635,000 $71,087
    7-8% 17 $585,000 $34,412
    <2.5% 1 $5,000 $5,000
    2.5-3% 1 $185,000 $185,000

    During 2019, Capital Educators Federal Credit Union's average interest rate for loans was 4.26%, while their most frequently originated rate bucket for loans was 3-4%, with 331 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 461 $24,715,000 $53,612 $1,039 5.06%
    $100k-200k 261 $36,835,000 $141,130 $2,309 4.37%
    $200k-400k 248 $63,770,000 $257,137 $4,141 4.05%
    $400k-600k 13 $5,795,000 $445,769 $8,441 4.10%
    $1MM+ 4 $8,370,000 $2,092,500 $0 4.84%
    $600k-1MM 3 $2,145,000 $715,000 $0 5.54%

    2019 saw Capital Educators Federal Credit Union place emphasis on $100,000 or less loans with 461 originations, totaling $24,715,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 248 $37,140,000 $149,758 $3,006 4.65%
    $50k-75k 236 $29,320,000 $124,237 $2,892 4.53%
    $75k-100k 214 $28,570,000 $133,505 $2,980 4.70%
    $50k or less 142 $12,920,000 $90,986 $2,639 4.55%
    $150k-250k 100 $15,400,000 $154,000 $3,236 4.67%
    $250k+ 15 $3,525,000 $235,000 $4,469 4.40%

    Capital Educators Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 248 originations. The second most popular income band? $50k-75k, with 236 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 264 $34,690,000 $131,402 $2,446 4.48%
    30-36% 217 $28,815,000 $132,788 $3,119 4.68%
    <20% 102 $12,020,000 $117,843 $2,170 4.46%
    41% 58 $6,710,000 $115,690 $3,560 4.74%
    42% 54 $7,300,000 $135,185 $2,754 4.77%
    43% 50 $7,590,000 $151,800 $3,842 4.73%
    37% 46 $6,790,000 $147,609 $3,409 4.43%
    39% 39 $6,055,000 $155,256 $3,697 4.49%
    38% 35 $4,525,000 $129,286 $3,127 4.69%
    36% 35 $3,985,000 $113,857 $3,275 5.21%
    40% 29 $2,655,000 $91,552 $3,698 5.19%
    44% 22 $3,980,000 $180,909 $3,164 4.44%
    46% 8 $1,300,000 $162,500 $2,632 4.22%
    48% 6 $1,100,000 $183,333 $4,326 4.02%
    47% 5 $1,205,000 $241,000 $3,827 3.84%
    49% 4 $720,000 $180,000 $2,940 3.94%
    45% 3 $1,015,000 $338,333 $6,012 4.14%
    50-60% 2 $140,000 $70,000 $0 5.38%
    >60% 2 $280,000 $140,000 $4,387 4.52%

    Capital Educators Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 264 originations. The next most common DTI ratio? 30-36%, with 217 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 906 $120,380,000 $132,870 $3,012 4.61%
    Not applicable 8 $10,640,000 $1,330,000 $0 5.28%
    Not provided 57 $8,255,000 $144,825 $2,174 4.44%
    Asian 12 $1,360,000 $113,333 $4,857 4.99%
    Native Hawaiian or Islander 3 $435,000 $145,000 $3,088 4.61%
    American Indian 3 $405,000 $135,000 $3,501 4.17%
    Black 1 $155,000 $155,000 $2,125 4.92%

    Approval Rates

    Total approvals of all applications
    93.37%

    Capital Educators Federal Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    78.79%

    Capital Educators Federal Credit Union has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 990 $141,630,000 $143,061

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Manufactured 1 $805,000 $805,000
    Multifamily:Site-Built 2 $1,530,000 $765,000
    Single Family (1-4 Units):Manufactured 8 $640,000 $80,000
    Single Family (1-4 Units):Site-Built 979 $138,655,000 $141,629

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 242 $23,720,000 $98,017 $1,411 4.86%
    40-60% 118 $23,820,000 $201,864 $1,888 4.00%
    60-80% 261 $59,675,000 $228,640 $3,631 4.09%
    80-100% 72 $18,540,000 $257,500 $5,243 4.17%
    Over 100% 1 $1,405,000 $1,405,000 $0 5.63%
    Under 20% 296 $14,470,000 $48,885 $863 5.22%

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    CAPITAL ONE FINANCIAL CORPORATION Other type of mortgage Trouble during payment process 1 3.8%
    CAPITAL ONE FINANCIAL CORPORATION Home equity loan or line of credit (HELOC) Trouble during payment process 2 7.7%
    CAPITAL ONE FINANCIAL CORPORATION Other type of mortgage Applying for a mortgage or refinancing an existing mortgage 1 3.8%
    CAPITAL ONE FINANCIAL CORPORATION Other type of mortgage Struggling to pay mortgage 1 3.8%
    CAPITAL ONE FINANCIAL CORPORATION Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 2 7.7%
    CAPITAL ONE FINANCIAL CORPORATION Conventional home mortgage Closing on a mortgage 3 11.5%
    CAPITAL ONE FINANCIAL CORPORATION Conventional home mortgage Problem with a credit reporting company's investigation into an existing problem 1 3.8%
    CAPITAL ONE FINANCIAL CORPORATION Conventional home mortgage Struggling to pay mortgage 3 11.5%
    CAPITAL ONE FINANCIAL CORPORATION Conventional home mortgage Trouble during payment process 10 38.5%
    CAPITAL ONE FINANCIAL CORPORATION Home equity loan or line of credit (HELOC) Applying for a mortgage or refinancing an existing mortgage 2 7.7%