Central One Federal Credit Union Mortgage Rates, Fees & Info
Shrewsbury, MALEI: 549300MUTFJQGRZJH019
Tax ID: 04-2158611
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Mortgage Data
Review & Overview
Central One Federal Credit Union is a smaller credit union specializing in Cash Out Refi, Refi, and Home Purchase loans. Central One Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Worcester, Boston, Barnstable Town, Providence, and Austin among others. We have data for 26 markets. (Some data included below & more in-depth data is available with an active subscription.)Central One 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.
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 |
|---|---|---|
| 30 Year Conventional Purchase | 6.36% | 4/14/24 |
| 30 Year Conventional Refi | 6.30% | 4/14/24 |
| 30 Year Cash-out Refi | 6.46% | 4/14/24 |
| 15 Year Conventional Purchase | 5.31% | 4/14/24 |
| 15 Year Conventional Refi | 6.28% | 4/14/24 |
| 15 Year Cash-out Refi | 6.28% | 4/14/24 |
| 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. | ||
Central One Federal Credit Union Mortgage Calculator
Your Estimates
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This is not an official calculator from Central One 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
577Origination Dollar Volume (All Markets)
$159,945,000Top 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 |
|---|---|---|---|---|---|
| WORCESTER, MA-CT (FHA|USDA|VA) | 442 | $115,120,000 | $260,452 | $0 | 0.00% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 70 | $26,660,000 | $380,857 | $0 | 0.00% |
| BARNSTABLE TOWN, MA (FHA|USDA|VA) | 19 | $6,205,000 | $326,579 | $0 | 0.00% |
| PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) | 6 | $1,520,000 | $253,333 | $0 | 0.00% |
| Outside of Metro Areas | 4 | $1,470,000 | $367,500 | $0 | 0.00% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 3 | $1,035,000 | $345,000 | $0 | 0.00% |
| PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) | 5 | $965,000 | $193,000 | $0 | 0.00% |
| Concord, NH (FHA|USDA|VA) | 3 | $755,000 | $251,667 | $0 | 0.00% |
| Lebanon, NH-VT (FHA|USDA|VA) | 3 | $745,000 | $248,333 | $0 | 0.00% |
| SPRINGFIELD, MA (FHA|USDA|VA) | 3 | $655,000 | $218,333 | $0 | 0.00% |
| MANCHESTER-NASHUA, NH (FHA|USDA|VA) | 3 | $615,000 | $205,000 | $0 | 0.00% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 1 | $595,000 | $595,000 | $0 | 0.00% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $0 | 0.00% |
| SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $0 | 0.00% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $0 | 0.00% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $0 | 0.00% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $0 | 0.00% |
| Berlin, NH (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $0 | 0.00% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 2 | $250,000 | $125,000 | $0 | 0.00% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $0 | 0.00% |
| BURLINGTON-SOUTH BURLINGTON, VT (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $0 | 0.00% |
| COLUMBIA, SC (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $0 | 0.00% |
| Laconia, NH (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 0.00% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 0.00% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 0.00% |
| HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 0.00% |
Similar Lenders
We use machine learning to identify the top lenders compared against CENTRAL ONE 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 | 577 | $159,945,000 | $277,201 | $0 | 0.00% |
For 2020, Central One Federal Credit Union's most frequently originated type of loan was Conventional, with 577 originations.
Loan Reason
For 2020, Central One Federal Credit Union's most frequently cited loan purpose was Cash Out Refi, with 222 originations. The 2nd most popular reason was Refi, with 215 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 577 | $159,945,000 | $277,201 | $0 | 0.00% |
For 2020, Central One Federal Credit Union's most frequently cited loan duration was Other, with 577 originations.
Loan Sizing
2020 saw Central One Federal Credit Union place emphasis on $200k-400k loans with 281 originations, totaling $80,085,000 in origination value.
Applicant Income
Central One Federal Credit Union lent most frequently to those with incomes in the $150k-250k range, with 172 originations. The second most popular income band? $100k-150k, with 146 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 577 | $159,945,000 | $277,201 | $0 | 0.00% |
Central One Federal Credit Union lent most frequently to those with DTI ratios of Exempt%, with 577 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications91.92%
Central One Federal Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination67.94%
Central One Federal Credit Union has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 577 | $159,945,000 | $277,201 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Multifamily:Site-Built | 5 | $2,615,000 | $523,000 |
| Single Family (1-4 Units):Site-Built | 572 | $157,330,000 | $275,052 |
Complaints
| Bank Name | Product | Issue | 2020 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| CENTERSTATE BANK CORPORATION | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 25.0% |
| CENTERSTATE BANK CORPORATION | Conventional home mortgage | Trouble during payment process | 2 | 50.0% |
| CENTERSTATE BANK CORPORATION | FHA mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 25.0% |