Centris Federal Credit Union Mortgage Rates, Fees & InfoOmaha, NE
Tax ID: 47-0376036
Latest/2021 | 2020 Data | 2019 Data | 2018 Data
Review & OverviewCentris 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.
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|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.|
Origination Dollar Volume (All Markets)$214,140,000
Centris Federal Credit Union's average 30 year fixed mortgage rate was
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.
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%|
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.
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|Loan Type||Originations||Total Value||Avg. Loan||Avg. Fees||Avg. Rate|
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.
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.
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|
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.
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.
2021 saw Centris Federal Credit Union place emphasis on $100k-200k loans with 539 originations, totaling $79,235,000 in origination value.
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
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.
Approval RatesTotal approvals of all applications
Centris Federal Credit Union has an average approval rate.
Pick RateApprovals leading to origination
Centris Federal Credit Union has a below average pick rate.
Points and Fees
|Points||Originations||Total Value||Average Loan|
|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%|