Cobalt Credit Union Mortgage Rates, Fees & Info
Papillion, NELEI: 549300XUFWU3F35PWM42
Tax ID: 47-0376486
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Mortgage Data
Review & Overview
Cobalt Credit Union is a smaller credit union specializing in Refi and Home Purchase loans. Cobalt 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, Lincoln, Fremont, Columbus, and Norfolk among others. We have data for 7 markets. (Some data included below & more in-depth data is available with an active subscription.)Cobalt Credit Union has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders. Cobalt 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) | 6.18% | 11/12/26 |
| 30 Year Conventional Purchase | 6.62% | 11/12/26 |
| 30 Year Conventional Refi | 6.18% | 11/12/26 |
| 30 Year Cash-out Refi | 6.53% | 11/12/26 |
| 30 Year FHA Purchase | 7.10% | 11/12/26 |
| 30 Year VA Purchase | 5.86% | 11/12/26 |
| 15 Year Conventional Purchase | 9.81% | 11/12/26 |
| 15 Year Conventional Refi | 8.10% | 11/12/26 |
| 15 Year Cash-out Refi | 8.10% | 11/12/26 |
| 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. | ||
Cobalt Credit Union Mortgage Calculator
Your Estimates
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This is not an official calculator from Cobalt 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
484Origination Dollar Volume (All Markets)
$62,910,000Awards
Cobalt Credit Union - 2025
Cobalt Credit Union is a 2025 , due to their low .
For 2025, less than of lenders were eligible for this award.
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Relative Rate
Cobalt Credit Union's average 30 year fixed mortgage rate was
6.86%.
The 2025 average 30 year fixed rate mortgage across all markets and lenders was 6.37%.
This yields a difference of 0.49%.
Relative Fees (Closing Costs)
Cobalt Credit Union's average total fees/closing costs for a 30 year fixed rate
mortgage were $4,126.
The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including
both points & up-front fees in addition to origination fees) were $8,356.
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) | 431 | $56,985,000 | $132,216 | $3,180 | 6.99% |
| Outside of Metro Areas | 27 | $2,625,000 | $97,222 | $3,139 | 7.24% |
| LINCOLN, NE (FHA|USDA|VA) | 14 | $2,210,000 | $157,857 | $1,663 | 7.15% |
| Fremont, NE (FHA|USDA|VA) | 7 | $645,000 | $92,143 | $524 | 7.79% |
| Columbus, NE (FHA|USDA|VA) | 3 | $245,000 | $81,667 | $1,278 | 7.00% |
| Norfolk, NE (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 6.49% |
| GRAND ISLAND, NE (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 7.75% |
Similar Lenders
We use machine learning to identify the top lenders compared against Cobalt Credit Union based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
Similarity Rank: 64
Similarity Rank: 100
Similarity Rank: 168
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Similarity Rank: 261
Similarity Rank: 266
Similarity Rank: 672
Similarity Rank: 1250
Similarity Rank: 1384
Similarity Rank: 1536
Product Mix
For 2025, Cobalt Credit Union's most frequently originated type of loan was HELOC, with 382 originations. Their 2nd most popular type was Conventional, with 90 originations.
Loan Reason
For 2025, Cobalt Credit Union's most frequently cited loan purpose was Refi, with 211 originations. The 2nd most popular reason was Other, with 110 originations.
Loan Duration/Length
For 2025, Cobalt Credit Union's most frequently cited loan duration was 20 Year, with 381 originations. The 2nd most popular length was 30 Year, with 65 originations.
Origination Fees/Closing Costs
Cobalt Credit Union's average total fees were $4,126, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 44 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 223 | $36,165,000 | $162,175 |
| 7-8% | 133 | $14,055,000 | $105,677 |
| 5-6% | 70 | $8,270,000 | $118,143 |
| Over 8% | 57 | $4,395,000 | $77,105 |
| 3-4% | 1 | $25,000 | $25,000 |
During 2025, Cobalt Credit Union's average interest rate for loans was 6.86%, while their most frequently originated rate bucket for loans was 6-7%, with 223 originations.
Loan Sizing
2025 saw Cobalt Credit Union place emphasis on $100,000 or less loans with 240 originations, totaling $13,370,000 in origination value.
Applicant Income
Cobalt Credit Union lent most frequently to those with incomes in the $100k-150k range, with 112 originations. The second most popular income band? $150k-250k, with 105 originations.
Applicant Debt to Income Ratio
Cobalt Credit Union lent most frequently to those with DTI ratios of 20-30%, with 124 originations. The next most common DTI ratio? <20%, with 112 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications90.97%
Cobalt Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination90.50%
Cobalt Credit Union has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| 0.00 | 1 | $25,000 | $25,000 |
| 1019.40 | 1 | $135,000 | $135,000 |
| 1040.50 | 1 | $225,000 | $225,000 |
| 1042.40 | 1 | $255,000 | $255,000 |
| 1069.40 | 1 | $85,000 | $85,000 |
| 1073.00 | 1 | $75,000 | $75,000 |
| 1106.00 | 1 | $45,000 | $45,000 |
| 1117.40 | 1 | $25,000 | $25,000 |
| 1122.40 | 1 | $35,000 | $35,000 |
| 1138.40 | 1 | $45,000 | $45,000 |
| 1143.00 | 2 | $270,000 | $135,000 |
| 1157.00 | 2 | $480,000 | $240,000 |
| 1177.00 | 1 | $185,000 | $185,000 |
| 1221.40 | 1 | $95,000 | $95,000 |
| 1272.00 | 1 | $125,000 | $125,000 |
| 1319.00 | 1 | $55,000 | $55,000 |
| 1346.00 | 1 | $155,000 | $155,000 |
| 1365.90 | 1 | $145,000 | $145,000 |
| 182.70 | 1 | $45,000 | $45,000 |
| 200.00 | 42 | $3,950,000 | $94,048 |
| 242.00 | 3 | $265,000 | $88,333 |
| 303.40 | 1 | $125,000 | $125,000 |
| 313.00 | 2 | $180,000 | $90,000 |
| 382.70 | 10 | $880,000 | $88,000 |
| 408.40 | 1 | $45,000 | $45,000 |
| 412.40 | 1 | $245,000 | $245,000 |
| 417.00 | 16 | $1,490,000 | $93,125 |
| 422.00 | 2 | $390,000 | $195,000 |
| 431.00 | 17 | $1,275,000 | $75,000 |
| 435.00 | 1 | $55,000 | $55,000 |
| 436.40 | 3 | $285,000 | $95,000 |
| 438.00 | 1 | $105,000 | $105,000 |
| 442.00 | 113 | $11,205,000 | $99,159 |
| 447.70 | 1 | $45,000 | $45,000 |
| 456.00 | 1 | $35,000 | $35,000 |
| 462.00 | 2 | $220,000 | $110,000 |
| 476.30 | 1 | $105,000 | $105,000 |
| 479.70 | 1 | $175,000 | $175,000 |
| 480.60 | 1 | $55,000 | $55,000 |
| 489.70 | 2 | $150,000 | $75,000 |
| 493.70 | 4 | $360,000 | $90,000 |
| 501.40 | 2 | $140,000 | $70,000 |
| 507.00 | 2 | $250,000 | $125,000 |
| 510.60 | 1 | $255,000 | $255,000 |
| 511.50 | 1 | $255,000 | $255,000 |
| 513.00 | 2 | $180,000 | $90,000 |
| 516.00 | 1 | $25,000 | $25,000 |
| 520.40 | 2 | $110,000 | $55,000 |
| 521.40 | 1 | $75,000 | $75,000 |
| 524.00 | 2 | $270,000 | $135,000 |
| 524.40 | 4 | $370,000 | $92,500 |
| 527.00 | 2 | $50,000 | $25,000 |
| 528.00 | 2 | $80,000 | $40,000 |
| 529.40 | 8 | $740,000 | $92,500 |
| 530.00 | 1 | $95,000 | $95,000 |
| 535.50 | 1 | $65,000 | $65,000 |
| 541.40 | 2 | $310,000 | $155,000 |
| 544.00 | 1 | $155,000 | $155,000 |
| 547.00 | 1 | $85,000 | $85,000 |
| 551.00 | 1 | $65,000 | $65,000 |
| 551.80 | 1 | $55,000 | $55,000 |
| 554.70 | 1 | $115,000 | $115,000 |
| 555.20 | 1 | $105,000 | $105,000 |
| 555.40 | 1 | $135,000 | $135,000 |
| 556.00 | 1 | $105,000 | $105,000 |
| 556.40 | 1 | $45,000 | $45,000 |
| 558.00 | 1 | $75,000 | $75,000 |
| 558.40 | 1 | $35,000 | $35,000 |
| 563.00 | 1 | $205,000 | $205,000 |
| 576.00 | 1 | $55,000 | $55,000 |
| 577.40 | 8 | $570,000 | $71,250 |
| 583.40 | 7 | $585,000 | $83,571 |
| 587.50 | 1 | $45,000 | $45,000 |
| 589.40 | 2 | $410,000 | $205,000 |
| 595.40 | 3 | $375,000 | $125,000 |
| 606.40 | 2 | $180,000 | $90,000 |
| 608.40 | 1 | $35,000 | $35,000 |
| 608.90 | 1 | $105,000 | $105,000 |
| 612.40 | 1 | $65,000 | $65,000 |
| 617.00 | 1 | $65,000 | $65,000 |
| 617.40 | 16 | $1,830,000 | $114,375 |
| 623.40 | 1 | $25,000 | $25,000 |
| 628.40 | 1 | $25,000 | $25,000 |
| 629.40 | 6 | $650,000 | $108,333 |
| 630.65 | 1 | $225,000 | $225,000 |
| 637.00 | 2 | $110,000 | $55,000 |
| 638.40 | 6 | $540,000 | $90,000 |
| 650.40 | 1 | $155,000 | $155,000 |
| 660.40 | 1 | $185,000 | $185,000 |
| 675.30 | 1 | $85,000 | $85,000 |
| 680.50 | 1 | $85,000 | $85,000 |
| 682.40 | 3 | $265,000 | $88,333 |
| 735.00 | 1 | $135,000 | $135,000 |
| 754.75 | 1 | $85,000 | $85,000 |
| 787.50 | 1 | $255,000 | $255,000 |
| 844.90 | 1 | $135,000 | $135,000 |
| 897.00 | 1 | $115,000 | $115,000 |
| 922.00 | 1 | $25,000 | $25,000 |
| 947.00 | 2 | $200,000 | $100,000 |
| 969.70 | 1 | $255,000 | $255,000 |
| 983.40 | 1 | $125,000 | $125,000 |
| NA | 113 | $26,315,000 | $232,876 |