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 Cash Out Refi, Home Purchase, and Refi loans. Cobalt Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Omaha, Lincoln, Fremont, Des Moines, and Beatrice among others. We have data for 6 markets. (Some data included below & more in-depth data is available with an active subscription.)Cobalt Credit Union has an average approval rate when compared to the average across all lenders. They have a below 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 relatively high 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) | 5.34% | 4/19/24 |
| 30 Year Conventional Purchase | 6.25% | 4/19/24 |
| 30 Year Conventional Refi | 6.45% | 4/19/24 |
| 30 Year Cash-out Refi | 6.50% | 4/19/24 |
| 30 Year FHA Purchase | 6.27% | 4/19/24 |
| 30 Year VA Purchase | 5.56% | 4/19/24 |
| 30 Year VA Refi | 6.27% | 4/19/24 |
| 15 Year Conventional Purchase | 5.68% | 4/19/24 |
| 15 Year Conventional Refi | 6.10% | 4/19/24 |
| 15 Year Cash-out Refi | 6.10% | 4/19/24 |
| 15 Year FHA Purchase | 5.68% | 4/19/24 |
| 15 Year VA Refi | 5.73% | 4/19/24 |
| 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. | ||
Cobalt Credit Union Mortgage Calculator
Your Estimates
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
504Origination Dollar Volume (All Markets)
$84,740,000Awards
Cobalt Credit Union - 2023
Cobalt Credit Union is a 2023 , due to their low .
For 2023, 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
6.22%.
The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.
This yields a difference of -0.26%.
Relative Fees (Closing Costs)
Cobalt Credit Union's average total fees/closing costs for a 30 year fixed rate
mortgage were $3,170.
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 $9,089.
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) | 461 | $80,075,000 | $173,698 | $2,271 | 6.83% |
| LINCOLN, NE (FHA|USDA|VA) | 20 | $1,980,000 | $99,000 | $971 | 7.21% |
| Outside of Metro Areas | 12 | $1,210,000 | $100,833 | $2,079 | 6.76% |
| Fremont, NE (FHA|USDA|VA) | 9 | $1,065,000 | $118,333 | $1,762 | 6.68% |
| DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $4,236 | 6.63% |
| Beatrice, NE (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $2,283 | 5.63% |
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: 56
Similarity Rank: 75
Similarity Rank: 192
Similarity Rank: 240
Similarity Rank: 243
Similarity Rank: 396
Similarity Rank: 510
Similarity Rank: 550
Similarity Rank: 702
Similarity Rank: 765
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| HELOC | 266 | $24,100,000 | $90,602 | n/a | 6.86% |
| Conventional | 225 | $56,045,000 | $249,089 | $2,117 | 6.88% |
| VA | 13 | $4,595,000 | $353,462 | $4,382 | 5.48% |
For 2023, Cobalt Credit Union's most frequently originated type of loan was HELOC, with 266 originations. Their 2nd most popular type was Conventional, with 225 originations.
Loan Reason
For 2023, Cobalt Credit Union's most frequently cited loan purpose was Cash Out Refi, with 363 originations. The 2nd most popular reason was Home Purchase, with 125 originations.
Loan Duration/Length
For 2023, Cobalt Credit Union's most frequently cited loan duration was 20 Year, with 268 originations. The 2nd most popular length was 30 Year, with 138 originations.
Origination Fees/Closing Costs
Cobalt Credit Union's average total fees were $3,170, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 122 originations.
Interest Rates
During 2023, Cobalt Credit Union's average interest rate for loans was 6.22%, while their most frequently originated rate bucket for loans was 6-7%, with 339 originations.
Loan Sizing
2023 saw Cobalt Credit Union place emphasis on $100,000 or less loans with 273 originations, totaling $15,125,000 in origination value.
Applicant Income
Cobalt Credit Union lent most frequently to those with incomes in the $100k-150k range, with 140 originations. The second most popular income band? $75k-100k, with 99 originations.
Applicant Debt to Income Ratio
Cobalt Credit Union lent most frequently to those with DTI ratios of 20-30%, with 84 originations. The next most common DTI ratio? 30-36%, with 75 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications81.35%
Cobalt Credit Union has a below average approval rate.
Pick Rate
Approvals leading to origination83.53%
Cobalt Credit Union has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| 0.0 | 1 | $35,000 | $35,000 |
| 1002.5 | 1 | $95,000 | $95,000 |
| 1040.9 | 1 | $145,000 | $145,000 |
| 1053.5 | 1 | $255,000 | $255,000 |
| 1057.9 | 1 | $205,000 | $205,000 |
| 1061.7 | 1 | $105,000 | $105,000 |
| 1067.9 | 1 | $255,000 | $255,000 |
| 1068.5 | 1 | $85,000 | $85,000 |
| 1070.9 | 1 | $205,000 | $205,000 |
| 1103.5 | 1 | $255,000 | $255,000 |
| 1113.75 | 1 | $255,000 | $255,000 |
| 1170.9 | 1 | $255,000 | $255,000 |
| 1182.9 | 1 | $205,000 | $205,000 |
| 1232.9 | 1 | $205,000 | $205,000 |
| 1296.9 | 1 | $125,000 | $125,000 |
| 1317.9 | 1 | $165,000 | $165,000 |
| 1332.5 | 1 | $145,000 | $145,000 |
| 1395.9 | 1 | $155,000 | $155,000 |
| 1397.5 | 1 | $255,000 | $255,000 |
| 1578.5 | 1 | $255,000 | $255,000 |
| 1739.9 | 1 | $255,000 | $255,000 |
| 2110.9 | 1 | $125,000 | $125,000 |
| 247.4 | 6 | $370,000 | $61,667 |
| 266.7 | 1 | $85,000 | $85,000 |
| 303.4 | 9 | $415,000 | $46,111 |
| 307.5 | 2 | $140,000 | $70,000 |
| 313.4 | 1 | $25,000 | $25,000 |
| 327.4 | 3 | $135,000 | $45,000 |
| 330.0 | 7 | $425,000 | $60,714 |
| 332.25 | 4 | $270,000 | $67,500 |
| 3367.9 | 1 | $255,000 | $255,000 |
| 355.0 | 1 | $35,000 | $35,000 |
| 361.0 | 1 | $75,000 | $75,000 |
| 380.0 | 6 | $290,000 | $48,333 |
| 383.4 | 2 | $90,000 | $45,000 |
| 386.0 | 9 | $555,000 | $61,667 |
| 410.0 | 3 | $115,000 | $38,333 |
| 430.0 | 12 | $650,000 | $54,167 |
| 436.0 | 8 | $490,000 | $61,250 |
| 436.7 | 1 | $105,000 | $105,000 |
| 444.4 | 1 | $55,000 | $55,000 |
| 447.4 | 18 | $880,000 | $48,889 |
| 455.9 | 1 | $115,000 | $115,000 |
| 461.5 | 2 | $60,000 | $30,000 |
| 466.0 | 1 | $45,000 | $45,000 |
| 486.0 | 12 | $740,000 | $61,667 |
| 487.9 | 1 | $105,000 | $105,000 |
| 490.0 | 1 | $45,000 | $45,000 |
| 498.7 | 1 | $105,000 | $105,000 |
| 503.4 | 22 | $1,200,000 | $54,545 |
| 510.0 | 1 | $75,000 | $75,000 |
| 511.9 | 1 | $125,000 | $125,000 |
| 514.5 | 1 | $105,000 | $105,000 |
| 516.0 | 1 | $55,000 | $55,000 |
| 525.6 | 1 | $125,000 | $125,000 |
| 526.3 | 1 | $85,000 | $85,000 |
| 527.4 | 6 | $270,000 | $45,000 |
| 534.5 | 1 | $85,000 | $85,000 |
| 539.9 | 1 | $75,000 | $75,000 |
| 540.0 | 1 | $145,000 | $145,000 |
| 552.6 | 1 | $15,000 | $15,000 |
| 559.4 | 1 | $75,000 | $75,000 |
| 559.9 | 1 | $65,000 | $65,000 |
| 560.4 | 1 | $25,000 | $25,000 |
| 565.9 | 1 | $145,000 | $145,000 |
| 566.0 | 2 | $70,000 | $35,000 |
| 567.0 | 1 | $65,000 | $65,000 |
| 583.4 | 4 | $180,000 | $45,000 |
| 584.5 | 1 | $85,000 | $85,000 |
| 589.5 | 1 | $55,000 | $55,000 |
| 595.9 | 1 | $85,000 | $85,000 |
| 596.5 | 1 | $95,000 | $95,000 |
| 604.9 | 1 | $85,000 | $85,000 |
| 611.9 | 1 | $255,000 | $255,000 |
| 612.3 | 1 | $135,000 | $135,000 |
| 614.9 | 1 | $105,000 | $105,000 |
| 619.9 | 1 | $175,000 | $175,000 |
| 631.9 | 2 | $200,000 | $100,000 |
| 633.1 | 1 | $105,000 | $105,000 |
| 636.75 | 1 | $205,000 | $205,000 |
| 655.9 | 1 | $235,000 | $235,000 |
| 656.5 | 1 | $135,000 | $135,000 |
| 657.7 | 1 | $135,000 | $135,000 |
| 661.9 | 1 | $125,000 | $125,000 |
| 664.75 | 1 | $95,000 | $95,000 |
| 667.9 | 1 | $255,000 | $255,000 |
| 669.9 | 1 | $95,000 | $95,000 |
| 670.5 | 3 | $445,000 | $148,333 |
| 670.9 | 1 | $105,000 | $105,000 |
| 672.1 | 1 | $45,000 | $45,000 |
| 674.25 | 1 | $105,000 | $105,000 |
| 674.5 | 2 | $310,000 | $155,000 |
| 676.3 | 2 | $270,000 | $135,000 |
| 687.9 | 2 | $170,000 | $85,000 |
| 696.75 | 1 | $255,000 | $255,000 |
| 697.9 | 1 | $155,000 | $155,000 |
| 699.75 | 1 | $105,000 | $105,000 |
| 702.3 | 1 | $115,000 | $115,000 |
| 703.5 | 1 | $55,000 | $55,000 |
| 703.9 | 1 | $165,000 | $165,000 |
| 704.5 | 1 | $175,000 | $175,000 |
| 706.5 | 1 | $135,000 | $135,000 |
| 711.9 | 1 | $125,000 | $125,000 |
| 714.15 | 1 | $75,000 | $75,000 |
| 717.9 | 1 | $125,000 | $125,000 |
| 720.9 | 1 | $125,000 | $125,000 |
| 724.9 | 1 | $75,000 | $75,000 |
| 728.1 | 1 | $145,000 | $145,000 |
| 728.3 | 1 | $75,000 | $75,000 |
| 728.5 | 1 | $75,000 | $75,000 |
| 738.9 | 1 | $155,000 | $155,000 |
| 750.5 | 1 | $255,000 | $255,000 |
| 775.5 | 1 | $255,000 | $255,000 |
| 776.7 | 1 | $175,000 | $175,000 |
| 777.5 | 1 | $145,000 | $145,000 |
| 780.9 | 1 | $75,000 | $75,000 |
| 786.0 | 1 | $55,000 | $55,000 |
| 791.1 | 1 | $225,000 | $225,000 |
| 792.9 | 1 | $165,000 | $165,000 |
| 800.7 | 1 | $195,000 | $195,000 |
| 804.7 | 1 | $115,000 | $115,000 |
| 811.0 | 2 | $80,000 | $40,000 |
| 811.9 | 2 | $510,000 | $255,000 |
| 814.9 | 1 | $105,000 | $105,000 |
| 820.5 | 1 | $105,000 | $105,000 |
| 821.05 | 1 | $175,000 | $175,000 |
| 825.5 | 1 | $145,000 | $145,000 |
| 830.0 | 1 | $45,000 | $45,000 |
| 833.1 | 1 | $205,000 | $205,000 |
| 843.5 | 1 | $115,000 | $115,000 |
| 863.0 | 1 | $75,000 | $75,000 |
| 866.9 | 1 | $235,000 | $235,000 |
| 870.9 | 1 | $105,000 | $105,000 |
| 872.4 | 1 | $35,000 | $35,000 |
| 888.5 | 1 | $55,000 | $55,000 |
| 897.4 | 1 | $55,000 | $55,000 |
| 915.5 | 1 | $185,000 | $185,000 |
| 960.3 | 1 | $85,000 | $85,000 |
| 970.9 | 1 | $105,000 | $105,000 |
| 978.5 | 1 | $75,000 | $75,000 |
| NA | 238 | $60,640,000 | $254,790 |