Omaha Federal Credit Union Mortgage Rates, Fees & Info
OMAHA, NELEI: 549300XBN09FJNIT5G55
Tax ID: 47-0378519
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Mortgage Data
Review & Overview
Omaha Federal Credit Union is a smaller credit union specializing in Cash Out Refi and Home Purchase loans. Omaha Federal Credit Union has a high proportion of conventional loans. Their top two markets are Omaha and Fremont .Omaha Federal Credit Union has an above average approval rate when compared to the average across all lenders.
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Originations
66Origination Dollar Volume (All Markets)
$4,180,000Top 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) | 64 | $4,130,000 | $64,531 | $0 | 0.00% |
| Fremont, NE (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 0.00% |
| Outside of Metro Areas | 1 | $25,000 | $25,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 66 | $4,180,000 | $63,333 | $0 | 0.00% |
For 2019, Omaha Federal Credit Union's most frequently originated type of loan was Conventional, with 66 originations.
Loan Reason
For 2019, Omaha Federal Credit Union's most frequently cited loan purpose was Home Improvement, with 24 originations. The 2nd most popular reason was Cash Out Refi, with 23 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 66 | $4,180,000 | $63,333 | $0 | 0.00% |
For 2019, Omaha Federal Credit Union's most frequently cited loan duration was Other, with 66 originations.
Loan Sizing
2019 saw Omaha Federal Credit Union place emphasis on $100,000 or less loans with 56 originations, totaling $2,450,000 in origination value.
Applicant Income
Omaha Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 17 originations. The second most popular income band? $50k-75k, with 10 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 66 | $4,180,000 | $63,333 | $0 | 0.00% |
Omaha Federal Credit Union lent most frequently to those with DTI ratios of Exempt%, with 66 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications100.00%
Omaha 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 originationPoints and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 66 | $4,180,000 | $63,333 |