Centris Federal Credit Union Mortgage Rates, Fees & Info

Omaha, NE

LEI: 549300TTNSX94TR06G13

Tax ID: 47-0376036

5 stars - out of 5 stars, based on 36 reviews

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

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Mortgage Data

  • SimulatedRates™
  • Originations
  • Relative Rates
  • Relative Fees
  • 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

    Centris Federal Credit Union is a smaller credit union specializing in Refi, Cash Out Refi, and Home Purchase loans. Centris Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Omaha, Grand Island, North Platte, Lincoln, and Kearney among others. We have data for 11 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Centris 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. Centris 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.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.


    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.44% 3/19/23
    30 Year Conventional Refi 6.37% 3/19/23
    30 Year Cash-out Refi 6.49% 3/19/23
    30 Year VA Purchase 6.16% 3/19/23
    30 Year VA Refi 5.99% 3/19/23
    15 Year Conventional Purchase 6.00% 3/19/23
    15 Year Conventional Refi 6.40% 3/19/23
    15 Year Cash-out Refi 6.40% 3/19/23
    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.


    Originations

    1,332

    Origination Dollar Volume (All Markets)

    $214,140,000
    Show all (5) awards

    Relative Rate

    Centris Federal Credit Union's average 30 year fixed mortgage rate was 3.03%.

    The 2021 average 30 year fixed rate mortgage across all markets and lenders was 3.15%.

    This yields a difference of -0.12%.

    Relative Fees (Closing Costs)

    Centris Federal Credit Union's average total fees/closing costs for a 30 year fixed rate mortgage were $2,175.

    The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $4,750.

    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) 1,195 $196,155,000 $164,146 $1,705 3.33%
    GRAND ISLAND, NE (FHA|USDA|VA) 39 $4,865,000 $124,744 $1,590 3.71%
    North Platte, NE (FHA|USDA|VA) 44 $4,710,000 $107,045 $1,475 3.77%
    Outside of Metro Areas 21 $2,865,000 $136,429 $1,955 3.54%
    LINCOLN, NE (FHA|USDA|VA) 17 $2,695,000 $158,529 $1,485 3.56%
    Kearney, NE (FHA|USDA|VA) 5 $1,075,000 $215,000 $2,397 2.90%
    Fremont, NE (FHA|USDA|VA) 4 $580,000 $145,000 $1,688 2.86%
    Hastings, NE (FHA|USDA|VA) 2 $470,000 $235,000 $2,396 3.13%
    Columbus, NE (FHA|USDA|VA) 1 $385,000 $385,000 $2,502 2.75%
    Lexington, NE (FHA|USDA|VA) 3 $315,000 $105,000 $1,430 3.41%
    Beatrice, NE (FHA|USDA|VA) 1 $25,000 $25,000 $279 4.50%
    Centris Federal Credit Union's top markets include Omaha, Grand Island, North Platte, Lincoln, and Kearney among others.

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

    • Similar Lenders

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

    Home Federal Savings & Loan Association of Grand Island
    Similarity Rank: 195
    KELLOGG MIDWEST FEDERAL CREDIT UNION
    Similarity Rank: 322
    Adams Bank & Trust
    Similarity Rank: 350
    MUTUAL FIRST
    Similarity Rank: 484
    Cobalt Credit Union
    Similarity Rank: 490
    U.S. HOME MORTGAGE, INC.
    Similarity Rank: 525
    Five Points Bank
    Similarity Rank: 660
    METRO CU
    Similarity Rank: 720
    CORNHUSKER BANK
    Similarity Rank: 782
    Central National Bank
    Similarity Rank: 792

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,313 $209,415,000 $159,494 $1,661 3.37%
    VA 19 $4,725,000 $248,684 $4,066 2.49%

    For 2021, Centris Federal Credit Union's most frequently originated type of loan was Conventional, with 1,313 originations. Their 2nd most popular type was VA, with 19 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 427 $66,815,000 $156,475 $1,649 3.05%
    Cash Out Refi 377 $65,735,000 $174,363 $2,032 2.90%
    Home Purchase 305 $69,375,000 $227,459 $2,296 3.01%
    Other 115 $6,685,000 $58,130 $498 5.24%
    Home Improvement 107 $5,405,000 $50,514 $395 5.17%
    NA 1 $125,000 $125,000 $0 4.75%

    For 2021, Centris Federal Credit Union's most frequently cited loan purpose was Refi, with 427 originations. The 2nd most popular reason was Cash Out Refi, with 377 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 674 $137,810,000 $204,466 $2,175 3.03%
    15 Year 374 $48,580,000 $129,893 $1,421 3.31%
    10 Year 117 $8,135,000 $69,530 $714 4.72%
    20 Year 83 $15,165,000 $182,711 $1,958 2.87%
    Other 75 $3,155,000 $42,067 $329 4.89%
    5 Year 8 $820,000 $102,500 $292 4.16%
    1 Year 1 $475,000 $475,000 $0 4.25%

    For 2021, Centris Federal Credit Union's most frequently cited loan duration was 30 Year, with 674 originations. The 2nd most popular length was 15 Year, with 374 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 1,261 $204,635,000 $162,280
    $1k-2k 2 $210,000 $105,000
    $2k-3k 2 $340,000 $170,000

    Centris Federal Credit Union's average total fees were $2,175, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 1,261 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 563 $112,095,000 $199,103
    3-4% 310 $53,700,000 $173,226
    <2.5% 213 $33,605,000 $157,770
    4-5% 146 $10,050,000 $68,836
    5-6% 41 $1,815,000 $44,268
    6-7% 40 $1,970,000 $49,250
    Over 8% 17 $795,000 $46,765
    7-8% 2 $110,000 $55,000

    During 2021, Centris Federal Credit Union's average interest rate for loans was 3.03%, while their most frequently originated rate bucket for loans was 2.5-3%, with 563 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 539 $79,235,000 $147,004 $1,892 2.95%
    $100,000 or less 397 $23,235,000 $58,526 $839 4.35%
    $200k-400k 363 $96,065,000 $264,642 $2,206 2.91%
    $400k-600k 31 $14,295,000 $461,129 $2,937 2.94%
    $600k-1MM 2 $1,310,000 $655,000 $3,056 2.88%

    2021 saw Centris Federal Credit Union place emphasis on $100k-200k loans with 539 originations, totaling $79,235,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 353 $66,445,000 $188,229 $1,728 3.39%
    $50k-75k 285 $36,405,000 $127,737 $1,691 3.21%
    $75k-100k 275 $43,055,000 $156,564 $1,709 3.41%
    $50k or less 197 $19,805,000 $100,533 $1,506 3.33%
    $150k-250k 163 $34,005,000 $208,620 $1,862 3.48%
    $250k+ 36 $10,260,000 $285,000 $1,848 3.31%

    Centris Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 353 originations. The second most popular income band? $50k-75k, with 285 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 390 $62,780,000 $160,974 $1,679 3.24%
    30-36% 290 $44,610,000 $153,828 $1,666 3.52%
    <20% 137 $22,365,000 $163,248 $1,729 2.90%
    40% 52 $7,970,000 $153,269 $1,950 3.29%
    36% 49 $7,215,000 $147,245 $1,292 3.71%
    43% 47 $8,685,000 $184,787 $1,875 3.51%
    44% 45 $7,675,000 $170,556 $1,881 3.16%
    42% 44 $7,110,000 $161,591 $1,595 3.47%
    39% 44 $6,820,000 $155,000 $1,566 3.81%
    38% 41 $5,145,000 $125,488 $1,467 3.51%
    41% 37 $5,235,000 $141,486 $1,393 4.15%
    37% 35 $5,815,000 $166,143 $1,946 3.46%
    45% 23 $3,655,000 $158,913 $1,946 3.34%
    47% 22 $4,370,000 $198,636 $2,088 2.84%
    46% 18 $3,700,000 $205,556 $1,921 3.29%
    48% 18 $3,750,000 $208,333 $2,147 3.03%
    49% 17 $3,415,000 $200,882 $1,979 2.91%
    50-60% 12 $1,810,000 $150,833 $1,190 3.81%
    >60% 1 $205,000 $205,000 $1,840 2.63%

    Centris Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 390 originations. The next most common DTI ratio? 30-36%, with 290 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,021 $165,255,000 $161,856 $1,732 3.30%
    Not provided 227 $34,375,000 $151,432 $1,519 3.59%
    Black 39 $5,135,000 $131,667 $1,544 3.43%
    Asian 17 $4,995,000 $293,824 $2,116 2.84%
    Not applicable 10 $1,810,000 $181,000 $0 4.27%
    American Indian 11 $1,725,000 $156,818 $2,286 3.59%
    Native Hawaiian or Islander 4 $370,000 $92,500 $1,234 3.60%
    Asian Indian 1 $315,000 $315,000 $1,925 2.25%
    Chinese 1 $135,000 $135,000 $0 3.25%
    Guamanian 1 $25,000 $25,000 $59 6.25%

    Approval Rates

    Total approvals of all applications
    92.18%

    Centris Federal Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    80.11%

    Centris Federal Credit Union has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 1,332 $214,140,000 $160,766

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    1,332 $214,140,000 $160,766

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 165 $12,215,000 $74,030 $916 4.30%
    40-60% 228 $31,020,000 $136,053 $1,710 2.84%
    60-80% 509 $97,665,000 $191,876 $1,968 2.96%
    80-100% 299 $68,015,000 $227,475 $2,286 3.03%
    Over 100% 1 $245,000 $245,000 $0 4.15%
    Under 20% 130 $4,980,000 $38,308 $375 5.36%

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    Central Mortgage Funding, LLC Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 100.0%