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 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.

    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% 4/21/24
    30 Year Conventional Purchase 5.95% 4/21/24
    30 Year Conventional Refi 6.06% 4/21/24
    30 Year Cash-out Refi 6.02% 4/21/24
    30 Year VA Purchase 6.27% 4/21/24
    15 Year Conventional Purchase 5.58% 4/21/24
    15 Year Conventional Refi 6.86% 4/21/24
    15 Year Cash-out Refi 6.86% 4/21/24
    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

    1,342

    Origination Dollar Volume (All Markets)

    $255,460,000
    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) 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%
    Centris Federal Credit Union's top markets include Omaha, North Platte, Grand Island, 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.

    U.S. HOME MORTGAGE, INC.
    Similarity Rank: 70
    Home Federal Savings & Loan Association of Grand Island
    Similarity Rank: 120
    CREIGHTON FEDERAL CREDIT UNION
    Similarity Rank: 207
    Adams Bank & Trust
    Similarity Rank: 238
    KELLOGG MIDWEST FEDERAL CREDIT UNION
    Similarity Rank: 252
    MUTUAL FIRST
    Similarity Rank: 288
    LIBERTY FIRST
    Similarity Rank: 396
    CORNHUSKER BANK
    Similarity Rank: 495
    South Metro Federal Credit Union
    Similarity Rank: 564
    Cobalt Credit Union
    Similarity Rank: 855

    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

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 563 $107,915,000 $191,679 $1,968 2.92%
    Cash Out Refi 406 $74,810,000 $184,261 $2,100 3.13%
    Home Purchase 358 $69,790,000 $194,944 $2,572 3.15%
    Other 15 $2,945,000 $196,333 $2,133 3.06%

    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

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 879 $177,235,000 $201,633 $2,270 3.16%
    15 Year 345 $57,365,000 $166,275 $1,957 2.75%
    20 Year 98 $18,170,000 $185,408 $2,046 3.05%
    10 Year 20 $2,690,000 $134,500 $1,977 2.85%

    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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 715 $106,795,000 $149,364 $2,081 3.06%
    $200k-400k 442 $118,940,000 $269,095 $2,319 3.04%
    $100,000 or less 150 $11,970,000 $79,800 $1,943 3.04%
    $400k-600k 29 $13,025,000 $449,138 $2,685 2.94%
    $600k-1MM 5 $3,725,000 $745,000 $3,478 2.93%
    $1MM+ 1 $1,005,000 $1,005,000 $3,847 2.88%

    2020 saw Centris Federal Credit Union place emphasis on $100k-200k loans with 715 originations, totaling $106,795,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 351 $74,555,000 $212,407 $2,169 3.01%
    $50k-75k 311 $46,475,000 $149,437 $2,171 3.08%
    $75k-100k 287 $51,835,000 $180,610 $2,181 3.06%
    $150k-250k 185 $49,395,000 $267,000 $2,228 3.00%
    $50k or less 154 $18,320,000 $118,961 $2,082 3.14%
    $250k+ 33 $11,045,000 $334,697 $2,434 2.90%

    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

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 372 $70,400,000 $189,247 $2,096 2.99%
    30-36% 287 $54,595,000 $190,226 $2,076 3.08%
    <20% 158 $27,610,000 $174,747 $2,022 2.91%
    42% 47 $9,545,000 $203,085 $2,106 3.16%
    38% 47 $8,205,000 $174,574 $2,233 2.99%
    37% 45 $8,625,000 $191,667 $2,228 3.16%
    36% 43 $8,505,000 $197,791 $2,194 2.99%
    44% 42 $8,010,000 $190,714 $2,120 3.24%
    40% 42 $8,680,000 $206,667 $2,594 3.07%
    39% 40 $7,440,000 $186,000 $2,366 3.20%
    43% 36 $6,390,000 $177,500 $2,180 3.16%
    41% 34 $6,580,000 $193,529 $2,323 3.05%
    45% 33 $6,945,000 $210,455 $2,270 3.15%
    46% 31 $6,625,000 $213,710 $2,607 3.02%
    48% 27 $5,685,000 $210,556 $2,596 3.14%
    47% 25 $6,095,000 $243,800 $2,487 3.14%
    49% 25 $4,225,000 $169,000 $2,362 3.06%
    50-60% 8 $1,300,000 $162,500 $2,568 3.11%

    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

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,094 $209,160,000 $191,188 $2,172 3.06%
    Not provided 187 $35,565,000 $190,187 $2,143 2.98%
    Black 31 $5,505,000 $177,581 $2,050 3.14%
    Asian 19 $3,175,000 $167,105 $2,309 2.93%
    American Indian 5 $815,000 $163,000 $2,575 2.98%
    Asian Indian 4 $760,000 $190,000 $1,691 2.72%
    Native Hawaiian or Islander 1 $265,000 $265,000 $3,008 3.00%
    Korean 1 $215,000 $215,000 $1,906 3.00%

    Approval Rates

    Total approvals of all applications
    95.60%

    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 origination
    83.68%

    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

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 45 $5,185,000 $115,222 $1,871 2.84%
    40-60% 226 $34,040,000 $150,619 $1,967 2.88%
    60-80% 620 $121,220,000 $195,516 $2,028 3.04%
    80-100% 448 $94,280,000 $210,446 $2,433 3.16%
    Over 100% 3 $735,000 $245,000 $9,479 3.00%

    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%