Centris Federal Credit Union Mortgage Rates, Fees & Info

Omaha, NE

LEI: 549300TTNSX94TR06G13

Tax ID: 47-0376036

5 stars - Updated: 2/25/24 - out of 5 stars, based on 40 reviews

Latest/2022 | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

Review & Overview

Centris Federal Credit Union is a smaller credit union specializing in 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 Fremont among others. We have data for 9 markets. (Some data included below & more in-depth data is available with an active subscription.)

Centris Federal Credit Union has an 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
Home Equity Line of Credit (HELOC) 7.75% 2/25/24
30 Year Conventional Purchase 5.95% 2/25/24
30 Year Conventional Refi 6.06% 2/25/24
30 Year Cash-out Refi 6.02% 2/25/24
30 Year VA Purchase 6.27% 2/25/24
15 Year Conventional Purchase 5.58% 2/25/24
15 Year Conventional Refi 6.86% 2/25/24
15 Year Cash-out Refi 6.86% 2/25/24
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.

Centris 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 Centris 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

1,621

Origination Dollar Volume (All Markets)

$224,015,000
Show all (5) awards

Relative Rate

Centris Federal Credit Union's average 30 year fixed mortgage rate was 4.21%.

The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.

This yields a difference of -0.55%.

Relative Fees (Closing Costs)

Centris Federal Credit Union's average total fees/closing costs for a 30 year fixed rate mortgage were $2,493.

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) 1,437 $203,815,000 $141,834 $1,700 4.12%
GRAND ISLAND, NE (FHA|USDA|VA) 58 $5,880,000 $101,379 $1,475 4.02%
North Platte, NE (FHA|USDA|VA) 60 $5,520,000 $92,000 $1,570 4.62%
LINCOLN, NE (FHA|USDA|VA) 18 $3,370,000 $187,222 $1,777 4.27%
Outside of Metro Areas 27 $2,675,000 $99,074 $2,553 4.05%
Fremont, NE (FHA|USDA|VA) 11 $1,325,000 $120,455 $2,307 3.69%
Lexington, NE (FHA|USDA|VA) 6 $1,010,000 $168,333 $2,264 5.37%
Hastings, NE (FHA|USDA|VA) 3 $225,000 $75,000 $0 4.00%
Norfolk, NE (FHA|USDA|VA) 1 $195,000 $195,000 $0 5.50%
Centris Federal Credit Union's top markets include Omaha, Grand Island, North Platte, Lincoln, and Fremont 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.

    MUTUAL FIRST
    Similarity Rank: 242
    Adams Bank & Trust
    Similarity Rank: 340
    METRO CU
    Similarity Rank: 360
    Cobalt Credit Union
    Similarity Rank: 420
    U.S. HOME MORTGAGE, INC.
    Similarity Rank: 525
    Central National Bank
    Similarity Rank: 624
    CORNHUSKER BANK
    Similarity Rank: 646
    Five Points Bank
    Similarity Rank: 720

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 873 $152,545,000 $174,737 $1,634 4.77%
    HELOC 733 $66,635,000 $90,907 n/a 3.38%
    VA 15 $4,835,000 $322,333 $5,671 4.23%

    For 2022, Centris Federal Credit Union's most frequently originated type of loan was Conventional, with 873 originations. Their 2nd most popular type was HELOC, with 733 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 460 $30,620,000 $66,565 $394 3.88%
    Home Purchase 397 $102,505,000 $258,199 $2,623 4.21%
    Refi 315 $39,575,000 $125,635 $1,289 4.09%
    Other 313 $24,035,000 $76,789 $583 4.52%
    Cash Out Refi 136 $27,280,000 $200,588 $2,144 3.98%

    For 2022, Centris Federal Credit Union's most frequently cited loan purpose was Home Improvement, with 460 originations. The 2nd most popular reason was Home Purchase, with 397 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    20 Year 744 $68,030,000 $91,438 $1,932 3.38%
    30 Year 497 $126,535,000 $254,598 $2,493 4.21%
    15 Year 175 $17,815,000 $101,800 $927 5.28%
    10 Year 115 $7,615,000 $66,217 $485 6.05%
    Other 79 $3,345,000 $42,342 $342 5.23%
    5 Year 11 $675,000 $61,364 $327 5.27%

    For 2022, Centris Federal Credit Union's most frequently cited loan duration was 20 Year, with 744 originations. The 2nd most popular length was 30 Year, with 497 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 839 $149,525,000 $178,218
    $1k-2k 2 $570,000 $285,000
    $2k-3k 1 $145,000 $145,000
    $5k+ 1 $315,000 $315,000

    Centris Federal Credit Union's average total fees were $2,493, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 839 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 473 $103,035,000 $217,833
    4-5% 382 $44,280,000 $115,916
    <2.5% 264 $25,600,000 $96,970
    2.5-3% 207 $24,675,000 $119,203
    5-6% 157 $15,925,000 $101,433
    6-7% 82 $6,940,000 $84,634
    Over 8% 29 $1,515,000 $52,241
    7-8% 27 $2,045,000 $75,741

    During 2022, Centris Federal Credit Union's average interest rate for loans was 4.21%, while their most frequently originated rate bucket for loans was 3-4%, with 473 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 844 $44,640,000 $52,891 $616 4.28%
    $100k-200k 390 $55,090,000 $141,256 $1,964 3.93%
    $200k-400k 323 $87,985,000 $272,399 $2,635 4.02%
    $400k-600k 45 $21,575,000 $479,444 $2,678 3.92%
    $600k-1MM 16 $10,650,000 $665,625 $3,175 4.11%
    $1MM+ 3 $4,075,000 $1,358,333 $5,607 3.79%

    2022 saw Centris Federal Credit Union place emphasis on $100,000 or less loans with 844 originations, totaling $44,640,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 453 $66,285,000 $146,325 $1,792 4.06%
    $50k-75k 313 $32,055,000 $102,412 $1,494 4.21%
    $75k-100k 293 $34,635,000 $118,208 $1,690 4.16%
    $150k-250k 273 $49,045,000 $179,652 $1,848 4.07%
    $50k or less 156 $12,380,000 $79,359 $1,432 4.22%
    $250k+ 80 $22,200,000 $277,500 $2,435 4.00%

    Centris Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 453 originations. The second most popular income band? $50k-75k, with 313 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 455 $57,095,000 $125,484 $1,634 3.98%
    30-36% 328 $44,580,000 $135,915 $1,584 4.24%
    <20% 193 $21,105,000 $109,352 $1,645 3.71%
    42% 73 $10,455,000 $143,219 $1,711 4.59%
    38% 66 $7,830,000 $118,636 $1,466 4.31%
    41% 64 $9,280,000 $145,000 $1,744 4.37%
    40% 60 $8,390,000 $139,833 $1,768 4.19%
    37% 56 $8,050,000 $143,750 $1,765 4.09%
    43% 56 $8,480,000 $151,429 $1,614 4.36%
    36% 55 $8,595,000 $156,273 $1,727 4.21%
    39% 49 $6,465,000 $131,939 $1,437 4.45%
    44% 47 $8,035,000 $170,957 $2,141 4.18%
    45% 38 $5,300,000 $139,474 $1,984 4.07%
    46% 15 $4,055,000 $270,333 $2,319 4.17%
    50-60% 13 $3,355,000 $258,077 $3,670 4.71%
    48% 12 $3,370,000 $280,833 $2,386 4.36%
    47% 12 $3,180,000 $265,000 $2,308 4.14%
    49% 10 $2,940,000 $294,000 $3,171 4.26%
    >60% 3 $545,000 $181,667 $0 3.58%

    Centris Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 455 originations. The next most common DTI ratio? 30-36%, with 328 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,286 $179,290,000 $139,417 $1,766 4.15%
    Not provided 226 $26,300,000 $116,372 $1,267 3.95%
    Black 55 $6,935,000 $126,091 $1,210 4.45%
    Asian 22 $6,520,000 $296,364 $2,502 3.83%
    Not applicable 15 $2,675,000 $178,333 $0 5.18%
    American Indian 8 $1,060,000 $132,500 $2,294 3.49%
    Asian Indian 3 $935,000 $311,667 $2,160 3.99%
    Guamanian 1 $75,000 $75,000 $0 2.99%
    Native Hawaiian or Islander 2 $70,000 $35,000 $0 4.25%
    Korean 1 $55,000 $55,000 $0 3.49%
    Filipino 1 $55,000 $55,000 $0 4.75%
    Other Pacific Islander 1 $45,000 $45,000 $105 6.00%

    Approval Rates

    Total approvals of all applications
    87.47%

    Centris Federal Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    80.57%

    Centris Federal Credit Union has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 1,621 $224,015,000 $138,196

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    1,621 $224,015,000 $138,196

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 399 $34,025,000 $85,276 $705 4.09%
    40-60% 190 $26,680,000 $140,421 $1,697 3.87%
    60-80% 286 $67,530,000 $236,119 $2,257 4.01%
    80-100% 278 $74,330,000 $267,374 $2,497 4.15%
    Over 100% 3 $915,000 $305,000 $12,843 4.46%
    Under 20% 465 $20,535,000 $44,161 $403 4.34%