Cinfed Federal Credit Union Mortgage Rates, Fees & Info
Cincinnati, OHLEI: 549300YJQ7L8XG0WT572
Tax ID: 31-0859064
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Mortgage Data
Review & Overview
Cinfed Federal Credit Union is a smaller credit union specializing in Home Purchase and Cash Out Refi loans. Cinfed Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Cincinnati, Dayton, Wilmington, Bowling Green, and Columbus among others. We have data for 8 markets. (Some data included below & more in-depth data is available with an active subscription.)Cinfed 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. Cinfed 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) | 6.98% | 4/5/25 |
| 30 Year Conventional Purchase | 6.98% | 4/5/25 |
| 30 Year Conventional Refi | 6.78% | 4/5/25 |
| 30 Year Cash-out Refi | 6.94% | 4/5/25 |
| 15 Year Conventional Purchase | 6.37% | 4/5/25 |
| 15 Year Conventional Refi | 5.91% | 4/5/25 |
| 15 Year Cash-out Refi | 5.91% | 4/5/25 |
| 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. | ||
Cinfed Federal Credit Union Mortgage Calculator
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This is not an official calculator from Cinfed Federal Credit Union. It uses our SimulatedRate™
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
390Origination Dollar Volume (All Markets)
$87,580,000Relative Rate
Cinfed Federal Credit Union's average 30 year fixed mortgage rate was
6.97%.
The 2024 average 30 year fixed rate mortgage across all markets and lenders was 6.55%.
This yields a difference of 0.42%.
Relative Fees (Closing Costs)
Cinfed Federal Credit Union's average total fees/closing costs for a 30 year fixed rate
mortgage were $4,291.
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 |
|---|---|---|---|---|---|
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 372 | $81,560,000 | $219,247 | $3,522 | 7.67% |
| DAYTON-KETTERING, OH (FHA|USDA|VA) | 5 | $4,395,000 | $879,000 | $11,471 | 7.07% |
| Outside of Metro Areas | 7 | $625,000 | $89,286 | $1,918 | 8.16% |
| Wilmington, OH (FHA|USDA|VA) | 2 | $410,000 | $205,000 | $5,260 | 7.88% |
| BOWLING GREEN, KY (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $4,031 | 6.25% |
| COLUMBUS, OH (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $1,701 | 6.63% |
| Mount Vernon, OH (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 8.25% |
| AKRON, OH (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 8.25% |
Similar Lenders
We use machine learning to identify the top lenders compared against CINFED 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 |
|---|---|---|---|---|---|
| HELOC | 214 | $14,730,000 | $68,832 | n/a | 8.38% |
| Conventional | 176 | $72,850,000 | $413,920 | $3,629 | 6.81% |
For 2024, Cinfed Federal Credit Union's most frequently originated type of loan was HELOC, with 214 originations. Their 2nd most popular type was Conventional, with 176 originations.
Loan Reason
For 2024, Cinfed Federal Credit Union's most frequently cited loan purpose was Home Purchase, with 101 originations. The 2nd most popular reason was Home Improvement, with 100 originations.
Loan Duration/Length
For 2024, Cinfed Federal Credit Union's most frequently cited loan duration was 20 Year, with 219 originations. The 2nd most popular length was 30 Year, with 94 originations.
Origination Fees/Closing Costs
Cinfed Federal Credit Union's average total fees were $4,291, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 98 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| Over 8% | 158 | $10,840,000 | $68,608 |
| 7-8% | 121 | $33,455,000 | $276,488 |
| 6-7% | 91 | $40,195,000 | $441,703 |
| 5-6% | 20 | $3,090,000 | $154,500 |
During 2024, Cinfed Federal Credit Union's average interest rate for loans was 6.97%, while their most frequently originated rate bucket for loans was Over 8%, with 158 originations.
Loan Sizing
2024 saw Cinfed Federal Credit Union place emphasis on $100,000 or less loans with 198 originations, totaling $10,320,000 in origination value.
Applicant Income
Cinfed Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 91 originations. The second most popular income band? $150k-250k, with 66 originations.
Applicant Debt to Income Ratio
Cinfed Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 93 originations. The next most common DTI ratio? 30-36%, with 78 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications91.84%
Cinfed Federal Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination45.64%
Cinfed Federal Credit Union has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 390 | $87,580,000 | $224,564 |