Centris Federal Credit Union Mortgage Rates, Fees & Info
Omaha, NELEI: 549300TTNSX94TR06G13
Tax ID: 47-0376036
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Mortgage Data
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. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: Omaha, North Platte, Grand Island, Lincoln, and Fremont among others. We have data for 10 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
---|---|---|
Home Equity Line of Credit (HELOC) | 7.75% | 9/1/24 |
30 Year Conventional Purchase | 5.95% | 9/1/24 |
30 Year Conventional Refi | 6.06% | 9/1/24 |
30 Year Cash-out Refi | 6.02% | 9/1/24 |
30 Year VA Purchase | 6.27% | 9/1/24 |
15 Year Conventional Purchase | 5.58% | 9/1/24 |
15 Year Conventional Refi | 6.86% | 9/1/24 |
15 Year Cash-out Refi | 6.86% | 9/1/24 |
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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
1,342Origination Dollar Volume (All Markets)
$255,460,000CENTRIS FEDERAL CREDIT UNION - 2020
CENTRIS FEDERAL CREDIT UNION is a 2020 , due to their low .
For 2020, less than of lenders were eligible for this award.
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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) | 1,236 | $239,050,000 | $193,406 | $2,152 | 3.04% |
North Platte, NE (FHA|USDA|VA) | 36 | $4,430,000 | $123,056 | $2,282 | 3.11% |
GRAND ISLAND, NE (FHA|USDA|VA) | 26 | $4,300,000 | $165,385 | $2,409 | 3.18% |
Outside of Metro Areas | 15 | $2,265,000 | $151,000 | $2,117 | 3.20% |
LINCOLN, NE (FHA|USDA|VA) | 12 | $2,170,000 | $180,833 | $2,509 | 2.93% |
Fremont, NE (FHA|USDA|VA) | 7 | $1,395,000 | $199,286 | $2,750 | 3.30% |
Kearney, NE (FHA|USDA|VA) | 4 | $760,000 | $190,000 | $2,258 | 3.47% |
Hastings, NE (FHA|USDA|VA) | 3 | $445,000 | $148,333 | $2,245 | 3.29% |
Columbus, NE (FHA|USDA|VA) | 2 | $410,000 | $205,000 | $2,132 | 3.00% |
Lexington, NE (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $1,977 | 2.75% |
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.
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Product Mix
Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
---|---|---|---|---|---|
Conventional | 1,296 | $245,860,000 | $189,707 | $2,078 | 3.04% |
VA | 24 | $6,080,000 | $253,333 | $4,289 | 3.06% |
FHA | 22 | $3,520,000 | $160,000 | $4,931 | 3.22% |
For 2020, Centris Federal Credit Union's most frequently originated type of loan was Conventional, with 1,296 originations. Their 2nd most popular type was VA, with 24 originations.
Loan Reason
For 2020, Centris Federal Credit Union's most frequently cited loan purpose was Refi, with 563 originations. The 2nd most popular reason was Cash Out Refi, with 406 originations.
Loan Duration/Length
For 2020, Centris Federal Credit Union's most frequently cited loan duration was 30 Year, with 879 originations. The 2nd most popular length was 15 Year, with 345 originations.
Origination Fees/Closing Costs
Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
---|---|---|---|
$<1k | 1,289 | $248,635,000 | $192,890 |
$1k-2k | 2 | $650,000 | $325,000 |
$2k-3k | 2 | $400,000 | $200,000 |
$5k+ | 1 | $185,000 | $185,000 |
Centris Federal Credit Union's average total fees were $2,270, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 1,289 originations.
Interest Rates
Loan Rate | Originations | Total Value | Average Loan |
---|---|---|---|
2.5-3% | 648 | $128,290,000 | $197,978 |
3-4% | 539 | $101,955,000 | $189,156 |
<2.5% | 130 | $21,540,000 | $165,692 |
4-5% | 25 | $3,675,000 | $147,000 |
During 2020, Centris Federal Credit Union's average interest rate for loans was 3.16%, while their most frequently originated rate bucket for loans was 2.5-3%, with 648 originations.
Loan Sizing
2020 saw Centris Federal Credit Union place emphasis on $100k-200k loans with 715 originations, totaling $106,795,000 in origination value.
Applicant Income
Centris Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 351 originations. The second most popular income band? $50k-75k, with 311 originations.
Applicant Debt to Income Ratio
Centris Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 372 originations. The next most common DTI ratio? 30-36%, with 287 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications95.60%
Centris Federal Credit Union has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination83.68%
Centris Federal Credit Union has a below average pick rate.
Points and Fees
Points | Originations | Total Value | Average Loan |
---|---|---|---|
NA | 1,342 | $255,460,000 | $190,358 |
Occupancy Type Mix
Dwelling Type | Originations | Total Value | Average Loan |
---|---|---|---|
Single Family (1-4 Units):Manufactured | 8 | $1,060,000 | $132,500 |
Single Family (1-4 Units):Site-Built | 1,334 | $254,400,000 | $190,705 |
LTV Distribution
Complaints
Bank Name | Product | Issue | 2020 CPFB Complaints | % of Total Issues |
---|---|---|---|---|
CENTERSTATE BANK CORPORATION | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 25.0% |
CENTERSTATE BANK CORPORATION | Conventional home mortgage | Trouble during payment process | 2 | 50.0% |
CENTERSTATE BANK CORPORATION | FHA mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 25.0% |