Centris Federal Credit Union Mortgage Rates, Fees & Info

Omaha, NE

LEI: 549300TTNSX94TR06G13

Tax ID: 47-0376036

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • 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 Home Purchase loans. Centris Federal Credit Union has a high proportion of conventional loans. They have an average proportion of FHA loans. Their top markets by origination volume include: Omaha, North Platte, Grand Island, Lincoln, and Lexington among others. We have data for 12 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.

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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    Home Equity Line of Credit (HELOC) 7.75% 12/16/24
    30 Year Conventional Purchase 5.95% 12/16/24
    30 Year Conventional Refi 6.06% 12/16/24
    30 Year Cash-out Refi 6.02% 12/16/24
    30 Year VA Purchase 6.27% 12/16/24
    15 Year Conventional Purchase 5.58% 12/16/24
    15 Year Conventional Refi 6.86% 12/16/24
    15 Year Cash-out Refi 6.86% 12/16/24
    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

    1,048

    Origination Dollar Volume (All Markets)

    $123,390,000
    Show all (6) awards

    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) 938 $113,970,000 $121,503 $1,486 5.19%
    North Platte, NE (FHA|USDA|VA) 41 $3,175,000 $77,439 $1,381 5.63%
    GRAND ISLAND, NE (FHA|USDA|VA) 30 $2,560,000 $85,333 $1,505 5.00%
    Outside of Metro Areas 17 $1,675,000 $98,529 $1,924 4.93%
    LINCOLN, NE (FHA|USDA|VA) 7 $825,000 $117,857 $1,012 5.88%
    Lexington, NE (FHA|USDA|VA) 3 $335,000 $111,667 $1,541 4.87%
    Kearney, NE (FHA|USDA|VA) 1 $265,000 $265,000 $2,138 5.00%
    Fremont, NE (FHA|USDA|VA) 7 $255,000 $36,429 $707 5.63%
    Norfolk, NE (FHA|USDA|VA) 1 $145,000 $145,000 $2,404 4.13%
    Beatrice, NE (FHA|USDA|VA) 1 $75,000 $75,000 $669 5.40%
    Columbus, NE (FHA|USDA|VA) 1 $75,000 $75,000 $2,122 4.88%
    Hastings, NE (FHA|USDA|VA) 1 $35,000 $35,000 $659 7.24%
    Centris Federal Credit Union's top markets include Omaha, North Platte, Grand Island, Lincoln, and Lexington 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: 20
    LIBERTY FIRST
    Similarity Rank: 153
    Adams Bank & Trust
    Similarity Rank: 154
    CHARTER WEST BANK
    Similarity Rank: 246
    Washington County Bank
    Similarity Rank: 255
    Central National Bank
    Similarity Rank: 290
    MUTUAL FIRST
    Similarity Rank: 297
    Lincoln FSB of Nebraska
    Similarity Rank: 304
    First State Bank
    Similarity Rank: 312
    CORNHUSKER BANK
    Similarity Rank: 392

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 982 $111,390,000 $113,432 $1,267 5.26%
    FHA 43 $6,975,000 $162,209 $4,571 4.48%
    VA 23 $5,025,000 $218,478 $4,516 4.38%

    For 2018, Centris Federal Credit Union's most frequently originated type of loan was Conventional, with 982 originations. Their 2nd most popular type was FHA, with 43 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 447 $78,375,000 $175,336 $2,289 4.81%
    Refi 174 $14,810,000 $85,115 $767 5.38%
    Home Improvement 170 $6,650,000 $39,118 $338 5.77%
    Other 155 $8,925,000 $57,581 $788 5.86%
    Cash Out Refi 101 $14,575,000 $144,307 $2,328 4.72%
    NA 1 $55,000 $55,000 $0 5.75%

    For 2018, Centris Federal Credit Union's most frequently cited loan purpose was Home Purchase, with 447 originations. The 2nd most popular reason was Refi, with 174 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 485 $86,685,000 $178,732 $2,402 4.80%
    15 Year 208 $18,240,000 $87,692 $1,076 5.53%
    10 Year 196 $11,480,000 $58,571 $427 6.03%
    Other 135 $4,405,000 $32,630 $295 5.12%
    20 Year 16 $2,310,000 $144,375 $2,145 4.55%
    5 Year 8 $270,000 $33,750 $250 4.49%

    For 2018, Centris Federal Credit Union's most frequently cited loan duration was 30 Year, with 485 originations. The 2nd most popular length was 15 Year, with 208 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 988 $114,380,000 $115,769
    $1k-2k 11 $2,015,000 $183,182
    $3k-4k 4 $920,000 $230,000
    $2k-3k 2 $510,000 $255,000
    $5k+ 2 $380,000 $190,000
    $4k-5k 1 $205,000 $205,000

    Centris Federal Credit Union's average total fees were $2,402, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 988 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 551 $82,355,000 $149,465
    5-6% 311 $26,345,000 $84,711
    6-7% 62 $3,020,000 $48,710
    3-4% 55 $8,725,000 $158,636
    Over 8% 36 $1,430,000 $39,722
    7-8% 33 $1,515,000 $45,909

    During 2018, Centris Federal Credit Union's average interest rate for loans was 4.80%, while their most frequently originated rate bucket for loans was 4-5%, with 551 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 535 $25,955,000 $48,514 $672 5.64%
    $100k-200k 333 $48,495,000 $145,631 $2,179 4.83%
    $200k-400k 173 $44,795,000 $258,931 $2,573 4.64%
    $400k-600k 6 $2,740,000 $456,667 $2,198 4.50%
    $1MM+ 1 $1,405,000 $1,405,000 $0 5.00%

    2018 saw Centris Federal Credit Union place emphasis on $100,000 or less loans with 535 originations, totaling $25,955,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 274 $28,220,000 $102,993 $1,571 5.20%
    $100k-150k 242 $32,250,000 $133,264 $1,436 5.36%
    $75k-100k 211 $25,395,000 $120,355 $1,399 5.09%
    $50k or less 180 $15,020,000 $83,444 $1,545 5.07%
    $150k-250k 97 $15,315,000 $157,887 $1,337 5.26%
    $250k+ 10 $1,930,000 $193,000 $1,516 4.88%

    Centris Federal Credit Union lent most frequently to those with incomes in the $50k-75k range, with 274 originations. The second most popular income band? $100k-150k, with 242 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 220 $24,840,000 $112,909 $1,326 5.29%
    20-30% 219 $24,395,000 $111,393 $1,372 5.04%
    <20% 64 $4,830,000 $75,469 $1,099 4.91%
    42% 49 $5,435,000 $110,918 $1,291 5.44%
    38% 47 $5,165,000 $109,894 $1,236 5.51%
    41% 46 $5,000,000 $108,696 $1,350 5.55%
    43% 46 $5,730,000 $124,565 $1,328 5.38%
    36% 44 $4,700,000 $106,818 $1,498 5.27%
    37% 43 $4,285,000 $99,651 $1,506 5.42%
    40% 43 $6,105,000 $141,977 $1,685 5.46%
    39% 35 $4,245,000 $121,286 $1,315 5.31%
    49% 30 $5,320,000 $177,333 $2,574 4.74%
    44% 29 $4,505,000 $155,345 $2,189 4.84%
    46% 24 $3,480,000 $145,000 $1,987 5.12%
    48% 23 $2,955,000 $128,478 $2,116 4.95%
    45% 23 $3,175,000 $138,043 $1,889 5.12%
    47% 22 $3,740,000 $170,000 $2,386 4.73%
    50-60% 14 $1,670,000 $119,286 $2,048 4.97%
    >60% 8 $570,000 $71,250 $412 5.59%

    Centris Federal Credit Union lent most frequently to those with DTI ratios of 30-36%, with 220 originations. The next most common DTI ratio? 20-30%, with 219 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 677 $81,535,000 $120,436 $1,556 5.18%
    Not provided 300 $31,780,000 $105,933 $1,285 5.29%
    Black 28 $3,650,000 $130,357 $1,695 5.01%
    Not applicable 18 $2,980,000 $165,556 $0 5.79%
    Asian 19 $2,905,000 $152,895 $1,514 4.75%
    Native Hawaiian 1 $255,000 $255,000 $5,434 4.50%
    Native Hawaiian or Islander 2 $130,000 $65,000 $509 4.87%
    Other Asian 1 $95,000 $95,000 $4,073 4.75%
    American Indian 1 $45,000 $45,000 $509 5.49%
    Filipino 1 $15,000 $15,000 $519 5.49%

    Approval Rates

    Total approvals of all applications
    90.28%

    Centris Federal Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    75.76%

    Centris Federal Credit Union has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 1,048 $123,390,000 $117,739

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 1 $1,405,000 $1,405,000
    Single Family (1-4 Units):Manufactured 7 $515,000 $73,571
    Single Family (1-4 Units):Site-Built 1,040 $121,470,000 $116,798

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 181 $10,835,000 $59,862 $563 5.85%
    40-60% 85 $7,965,000 $93,706 $1,181 5.02%
    60-80% 198 $31,940,000 $161,313 $1,928 4.77%
    80-100% 356 $63,320,000 $177,865 $2,393 4.81%
    Over 100% 9 $2,835,000 $315,000 $7,456 4.63%
    Under 20% 218 $6,450,000 $29,587 $331 5.81%

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    CENTRAL BANC MORTGAGE CORPORATION Other type of mortgage Applying for a mortgage or refinancing an existing mortgage 1 100.0%