Cinfed Federal Credit Union Mortgage Rates, Fees & Info

Cincinnati, OH

LEI: 549300YJQ7L8XG0WT572

Tax ID: 31-0859064

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • 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

    Cinfed Federal Credit Union is a smaller credit union specializing in Refi and Home Purchase loans. Cinfed Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Cincinnati, Columbus, Greensburg, Mount Vernon, and Somerset among others. We have data for 9 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Cinfed Federal 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. 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.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    Home Equity Line of Credit (HELOC) 6.31% 12/16/24
    30 Year Conventional Purchase 6.28% 12/16/24
    30 Year Conventional Refi 6.31% 12/16/24
    30 Year Cash-out Refi 6.22% 12/16/24
    15 Year Conventional Purchase 5.77% 12/16/24
    15 Year Conventional Refi 5.95% 12/16/24
    15 Year Cash-out Refi 5.95% 12/16/24
    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.

    Cinfed 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 Cinfed 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

    489

    Origination Dollar Volume (All Markets)

    $68,105,000

    Awards

    CINFED Federal Credit Union 30 Year Conventional Loans gold CINFED Federal Credit Union 30 Year Conventional Loans gold CINFED Federal Credit Union 30 Year Conventional Loans silver CINFED Federal Credit Union 30 Year Conventional Loans silver
    Show all (4) 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
    CINCINNATI, OH-KY-IN (FHA|USDA|VA) 467 $65,745,000 $140,782 $949 4.49%
    Outside of Metro Areas 11 $1,095,000 $99,545 $1,053 4.85%
    COLUMBUS, OH (FHA|USDA|VA) 4 $530,000 $132,500 $1,164 4.81%
    Greensburg, IN (FHA|USDA|VA) 1 $225,000 $225,000 $607 3.50%
    Mount Vernon, OH (FHA|USDA|VA) 2 $170,000 $85,000 $499 4.13%
    Somerset, KY (FHA|USDA|VA) 1 $135,000 $135,000 $499 4.38%
    LOUISVILLE, KY (FHA|USDA|VA) 1 $95,000 $95,000 $499 3.50%
    LIMA, OH (FHA|USDA|VA) 1 $55,000 $55,000 $499 4.63%
    LEXINGTON-FAYETTE, KY (FHA|USDA|VA) 1 $55,000 $55,000 $499 3.50%
    Cinfed Federal Credit Union's top markets include Cincinnati, Columbus, Greensburg, Mount Vernon, and Somerset among others.

    Their top states include:
  • Ohio (FHA|USDA|VA)
  • Kentucky (FHA|USDA|VA)
  • Indiana (FHA|USDA|VA)

    • 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.

    The North Side Bank & Trust Company
    Similarity Rank: 55
    CINFED Federal Credit Union
    Similarity Rank: 162
    RIVER VALLEY CREDIT UNION, INC.
    Similarity Rank: 504
    LCNB National Bank
    Similarity Rank: 828
    Somerville Bank
    Similarity Rank: 1001
    The Friendship State Bank
    Similarity Rank: 1040
    TELHIO
    Similarity Rank: 1054
    First State Bank
    Similarity Rank: 1179
    OPTION FINANCIAL, LLC
    Similarity Rank: 1284
    VICTORY MORTGAGE, L.L.C.
    Similarity Rank: 1391

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 288 $57,120,000 $198,333 $943 3.85%
    HELOC 201 $10,985,000 $54,652 n/a 5.42%

    For 2019, Cinfed Federal Credit Union's most frequently originated type of loan was Conventional, with 288 originations. Their 2nd most popular type was HELOC, with 201 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 146 $26,610,000 $182,260 $612 4.04%
    Home Improvement 93 $8,045,000 $86,505 $4,278 5.33%
    Home Purchase 91 $16,595,000 $182,363 $1,536 4.17%
    Other 81 $4,175,000 $51,543 $0 5.45%
    Cash Out Refi 78 $12,680,000 $162,564 $654 3.73%

    For 2019, Cinfed Federal Credit Union's most frequently cited loan purpose was Refi, with 146 originations. The 2nd most popular reason was Home Improvement, with 93 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    20 Year 226 $15,180,000 $67,168 $744 5.24%
    30 Year 184 $39,620,000 $215,326 $1,061 3.95%
    15 Year 51 $7,995,000 $156,765 $685 3.65%
    Other 14 $4,060,000 $290,000 $1,132 3.60%
    5 Year 8 $740,000 $92,500 $499 3.28%
    10 Year 6 $510,000 $85,000 $507 3.94%

    For 2019, Cinfed Federal Credit Union's most frequently cited loan duration was 20 Year, with 226 originations. The 2nd most popular length was 30 Year, with 184 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 254 $46,920,000 $184,724
    $2k-3k 11 $2,705,000 $245,909
    $1k-2k 10 $1,290,000 $129,000
    $3k-4k 7 $2,145,000 $306,429
    $4k-5k 3 $1,675,000 $558,333
    $5k+ 3 $2,385,000 $795,000

    Cinfed Federal Credit Union's average total fees were $1,061, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 254 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 193 $40,835,000 $211,580
    5-6% 144 $7,240,000 $50,278
    4-5% 121 $17,825,000 $147,314
    6-7% 24 $1,150,000 $47,917
    2.5-3% 7 $1,055,000 $150,714

    During 2019, Cinfed Federal Credit Union's average interest rate for loans was 3.95%, while their most frequently originated rate bucket for loans was 3-4%, with 193 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 238 $10,920,000 $45,882 $609 5.08%
    $100k-200k 132 $18,580,000 $140,758 $679 4.05%
    $200k-400k 95 $25,765,000 $271,211 $1,035 3.82%
    $400k-600k 18 $8,120,000 $451,111 $1,659 3.82%
    $600k-1MM 5 $3,625,000 $725,000 $5,229 3.93%
    $1MM+ 1 $1,095,000 $1,095,000 $9,153 3.50%

    2019 saw Cinfed Federal Credit Union place emphasis on $100,000 or less loans with 238 originations, totaling $10,920,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 127 $18,335,000 $144,370 $807 4.40%
    $75k-100k 91 $9,915,000 $108,956 $779 4.57%
    $50k-75k 85 $7,725,000 $90,882 $824 4.64%
    $150k-250k 81 $16,715,000 $206,358 $1,208 4.35%
    $50k or less 68 $4,540,000 $66,765 $710 4.64%
    $250k+ 30 $10,560,000 $352,000 $1,772 4.22%

    Cinfed Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 127 originations. The second most popular income band? $75k-100k, with 91 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 158 $25,740,000 $162,911 $889 4.35%
    <20% 95 $12,945,000 $136,263 $779 4.38%
    30-36% 92 $11,270,000 $122,500 $768 4.54%
    36% 20 $4,310,000 $215,500 $1,057 4.12%
    39% 19 $2,135,000 $112,368 $963 4.49%
    42% 18 $1,970,000 $109,444 $1,544 4.99%
    41% 15 $2,375,000 $158,333 $2,539 4.74%
    37% 15 $1,985,000 $132,333 $1,030 4.63%
    38% 12 $1,350,000 $112,500 $2,003 5.04%
    43% 11 $925,000 $84,091 $499 4.98%
    40% 10 $920,000 $92,000 $744 4.96%
    45% 7 $555,000 $79,286 $1,036 4.96%
    50-60% 6 $670,000 $111,667 $3,545 4.63%
    47% 4 $310,000 $77,500 $499 4.75%
    44% 3 $305,000 $101,667 $499 4.63%
    48% 2 $220,000 $110,000 $968 4.00%
    46% 1 $105,000 $105,000 $499 4.50%
    >60% 1 $15,000 $15,000 $0 6.00%

    Cinfed Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 158 originations. The next most common DTI ratio? <20%, with 95 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 413 $59,325,000 $143,644 $981 4.48%
    Not provided 27 $3,475,000 $128,704 $673 4.56%
    Black 35 $2,855,000 $81,571 $616 4.78%
    Asian 11 $2,285,000 $207,727 $1,142 4.16%
    American Indian 2 $130,000 $65,000 $0 5.19%
    Native Hawaiian or Islander 1 $35,000 $35,000 $499 3.00%

    Approval Rates

    Total approvals of all applications
    89.60%

    Cinfed Federal Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    68.71%

    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 489 $68,105,000 $139,274

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 489 $68,105,000 $139,274

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 67 $5,055,000 $75,448 $449 4.80%
    40-60% 61 $10,165,000 $166,639 $697 4.15%
    60-80% 176 $35,130,000 $199,602 $867 3.94%
    80-100% 55 $11,795,000 $214,455 $1,491 4.12%
    Over 100% 2 $730,000 $365,000 $3,365 4.25%
    Under 20% 127 $4,955,000 $39,016 $932 5.43%