Centris Federal Credit Union Mortgage Rates, Fees & Info
Omaha, NELEI: 549300TTNSX94TR06G13
Tax ID: 47-0376036
2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage Data
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 include Omaha, Grand Island, North Platte, Lincoln, and Kearney among others. Centris Federal Credit Union has an above average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. Centris Federal Credit Union is typically a low fee lendor.Originations
1,332Origination Dollar Volume (All Markets)
$214,140,000Awards
CENTRIS FEDERAL CREDIT UNION - 2021
CENTRIS FEDERAL CREDIT UNION is a 2021 , due to their low .
For 2021, less than of lenders were eligible for this award.
Work for CENTRIS FEDERAL CREDIT UNION?
Use this award on your own site. Either save and use the images below, or pass the provided image embed code to your development team.
Relative Rate
Centris Federal Credit Union's average 30 year fixed rate mortgage of loans were
3.03%.
The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.
This yields a difference of -0.12%.
Relative Fees
Centris Federal Credit Union's average total fees for a 30 year fixed rate
mortgage are $2,175.
The average total origination fees for 30 year fixed rate mortgages (for all loan values, including
both points & up-front fees in addition to origination fees) are $4,750.
Top Markets
| 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.
Product Mix
| Loan Type | Originations | Total Value | Average Loan | Average Fees | Average 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 the 2021 period, Centris Federal Credit Union's most frequently originated loan type of loans were Conventional, with 1,313 originations. Their 2nd most popular type is VA, with 19 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Average Loan | Average Fees | Average 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 the 2021, Centris Federal Credit Union's most frequently cited loan purpose of loans were Refi, with 427 originations. The 2nd most popular reason of loans were 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 the 2021, Centris Federal Credit Union's most frequently cited loan length of loans were 30 Year, with 674 originations. The 2nd most popular length of loans were 15 Year, with 374 originations.
Origination Fees
| Origination Fee | 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 |
$2,175 of loans were Centris Federal Credit Union's average total fees, while their most frequently occuring range of origination fees 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 of loans were 3.03%, while their most frequently originated rate bucket of loans were 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 | 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 applications92.08%
Centris Federal Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination80.18%
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% |
