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 Cash Out Refi and Refi loans. Capital Educators Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Boise City, Twin Falls, Rexburg, Ontario, and Mountain Home among others. We have data for 13 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% | 9/16/24 |
| 30 Year Conventional Purchase | 6.17% | 9/16/24 |
| 30 Year Conventional Refi | 6.33% | 9/16/24 |
| 30 Year Cash-out Refi | 6.68% | 9/16/24 |
| 15 Year Conventional Purchase | 5.71% | 9/16/24 |
| 15 Year Conventional Refi | 5.89% | 9/16/24 |
| 15 Year Cash-out Refi | 5.89% | 9/16/24 |
| 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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
1,047Origination Dollar Volume (All Markets)
$201,635,000Top 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) | 969 | $179,855,000 | $185,609 | $4,694 | 3.30% |
| Outside of Metro Areas | 24 | $5,920,000 | $246,667 | $6,044 | 3.32% |
| Outside of Metro Areas | 4 | $5,660,000 | $1,415,000 | $9,381 | 3.31% |
| TWIN FALLS, ID (FHA|USDA|VA) | 18 | $3,270,000 | $181,667 | $4,496 | 2.99% |
| Rexburg, ID (FHA|USDA|VA) | 3 | $1,785,000 | $595,000 | $0 | 3.88% |
| Ontario, OR-ID (FHA|USDA|VA) | 12 | $1,730,000 | $144,167 | $4,206 | 3.42% |
| Mountain Home, ID (FHA|USDA|VA) | 6 | $1,010,000 | $168,333 | $4,405 | 3.02% |
| Hailey, ID (FHA|USDA|VA) | 5 | $955,000 | $191,000 | $5,808 | 3.50% |
| RENO, NV (FHA|USDA|VA) | 1 | $725,000 | $725,000 | $0 | 4.50% |
| POCATELLO, ID (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $6,166 | 2.88% |
| Burley, ID (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $5,763 | 2.75% |
| IDAHO FALLS, ID (FHA|USDA|VA) | 2 | $210,000 | $105,000 | $0 | 4.25% |
| Jackson, WY-ID (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 4.00% |
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 |
|---|---|---|---|---|---|
| Conventional | 652 | $163,890,000 | $251,365 | $4,729 | 2.82% |
| HELOC | 395 | $37,745,000 | $95,557 | n/a | 4.08% |
For 2021, Capital Educators Federal Credit Union's most frequently originated type of loan was Conventional, with 652 originations. Their 2nd most popular type was HELOC, with 395 originations.
Loan Reason
For 2021, Capital Educators Federal Credit Union's most frequently cited loan purpose was Cash Out Refi, with 318 originations. The 2nd most popular reason was Refi, with 304 originations.
Loan Duration/Length
For 2021, Capital Educators Federal Credit Union's most frequently cited loan duration was 20 Year, with 440 originations. The 2nd most popular length was 15 Year, with 295 originations.
Origination Fees/Closing Costs
Capital Educators Federal Credit Union's average total fees were $6,280, while their most frequently occuring range of origination fees (closing costs) were in the $2k-3k bucket, with 202 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 528 | $85,110,000 | $161,193 |
| 2.5-3% | 242 | $59,180,000 | $244,545 |
| <2.5% | 227 | $43,305,000 | $190,771 |
| 4-5% | 44 | $13,690,000 | $311,136 |
| 5-6% | 6 | $350,000 | $58,333 |
During 2021, Capital Educators Federal Credit Union's average interest rate for loans was 3.08%, while their most frequently originated rate bucket for loans was 3-4%, with 528 originations.
Loan Sizing
2021 saw Capital Educators Federal Credit Union place emphasis on $100k-200k loans with 352 originations, totaling $48,830,000 in origination value.
Applicant Income
Capital Educators Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 288 originations. The second most popular income band? $50k-75k, with 240 originations.
Applicant Debt to Income Ratio
Capital Educators Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 296 originations. The next most common DTI ratio? 30-36%, with 203 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications95.14%
Capital Educators 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 origination76.31%
Capital Educators Federal Credit Union has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 1,047 | $201,635,000 | $192,584 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2021 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| CAPITAL ONE FINANCIAL CORPORATION | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 100.0% |