Cinfed Federal Credit Union Mortgage Rates, Fees & Info

Cincinnati, OH

LEI: 549300YJQ7L8XG0WT572

Tax ID: 31-0859064

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Mortgage Data

Review & Overview

Cinfed Federal Credit Union is a smaller credit union specializing in Refi loans. Cinfed Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Cincinnati, Louisville, Wilmington, Richmond, and Madison among others. We have data for 7 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.

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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

367

Origination Dollar Volume (All Markets)

$42,105,000

Awards

CINFED Federal Credit Union 30 Year Conventional Loans gold CINFED Federal Credit Union 30 Year Conventional Loans gold
Show all (2) 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) 347 $40,825,000 $117,651 $811 3.39%
Outside of Metro Areas 15 $545,000 $36,333 $0 3.55%
LOUISVILLE, KY (FHA|USDA|VA) 1 $245,000 $245,000 $499 2.63%
Wilmington, OH (FHA|USDA|VA) 1 $225,000 $225,000 $3,262 3.50%
Richmond, IN (FHA|USDA|VA) 1 $145,000 $145,000 $499 3.25%
Madison, IN (FHA|USDA|VA) 1 $85,000 $85,000 $0 3.13%
Frankfort, KY (FHA|USDA|VA) 1 $35,000 $35,000 $0 4.00%
Cinfed Federal Credit Union's top markets include Cincinnati, Louisville, Wilmington, Richmond, and Madison 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.

    CINFED Federal Credit Union
    Similarity Rank: 651
    First State Bank
    Similarity Rank: 770
    Sharefax Credit Union
    Similarity Rank: 936
    Somerville Bank
    Similarity Rank: 1152
    Central Bank
    Similarity Rank: 1218
    RIVER VALLEY CREDIT UNION, INC.
    Similarity Rank: 1323
    COMMONWEALTH
    Similarity Rank: 1425
    LCNB National Bank
    Similarity Rank: 1612
    TELHIO
    Similarity Rank: 1750

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    HELOC 208 $10,680,000 $51,346 n/a 3.58%
    Conventional 159 $31,425,000 $197,642 $822 3.14%

    For 2020, Cinfed Federal Credit Union's most frequently originated type of loan was HELOC, with 208 originations. Their 2nd most popular type was Conventional, with 159 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 128 $19,260,000 $150,469 $532 3.20%
    Other 80 $4,610,000 $57,625 $3,293 3.58%
    Home Improvement 77 $4,405,000 $57,208 $4,758 3.51%
    Home Purchase 42 $6,430,000 $153,095 $1,819 3.53%
    Cash Out Refi 40 $7,400,000 $185,000 $595 3.24%

    For 2020, Cinfed Federal Credit Union's most frequently cited loan purpose was Refi, with 128 originations. The 2nd most popular reason was Other, with 80 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    20 Year 232 $14,850,000 $64,009 $677 3.54%
    30 Year 78 $18,100,000 $232,051 $830 3.24%
    15 Year 32 $4,390,000 $137,188 $511 3.00%
    Other 12 $3,470,000 $289,167 $2,162 3.25%
    10 Year 10 $970,000 $97,000 $580 2.84%
    5 Year 3 $325,000 $108,333 $499 2.54%

    For 2020, Cinfed Federal Credit Union's most frequently cited loan duration was 20 Year, with 232 originations. The 2nd most popular length was 30 Year, with 78 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 146 $27,330,000 $187,192
    $2k-3k 4 $840,000 $210,000
    $3k-4k 4 $2,060,000 $515,000
    $1k-2k 2 $350,000 $175,000
    $4k-5k 2 $720,000 $360,000

    Cinfed Federal Credit Union's average total fees were $830, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 146 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 161 $21,085,000 $130,963
    3-4% 151 $18,265,000 $120,960
    4-5% 43 $1,985,000 $46,163
    5-6% 8 $310,000 $38,750
    <2.5% 4 $460,000 $115,000

    During 2020, Cinfed Federal Credit Union's average interest rate for loans was 3.24%, while their most frequently originated rate bucket for loans was 2.5-3%, with 161 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 213 $9,235,000 $43,357 $475 3.52%
    $100k-200k 86 $11,880,000 $138,140 $643 3.25%
    $200k-400k 59 $16,375,000 $277,542 $915 3.17%
    $400k-600k 7 $3,215,000 $459,286 $1,328 3.32%
    $600k-1MM 2 $1,400,000 $700,000 $7,153 3.31%

    2020 saw Cinfed Federal Credit Union place emphasis on $100,000 or less loans with 213 originations, totaling $9,235,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 97 $10,665,000 $109,948 $965 3.42%
    $75k-100k 79 $8,585,000 $108,671 $710 3.39%
    $50k-75k 63 $4,505,000 $71,508 $651 3.38%
    $150k-250k 57 $9,405,000 $165,000 $852 3.24%
    $50k or less 33 $2,085,000 $63,182 $503 3.50%
    $250k+ 24 $5,730,000 $238,750 $1,329 3.42%

    Cinfed Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 97 originations. The second most popular income band? $75k-100k, with 79 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 131 $15,675,000 $119,656 $1,011 3.41%
    <20% 81 $8,935,000 $110,309 $528 3.31%
    30-36% 68 $8,340,000 $122,647 $848 3.39%
    36% 13 $865,000 $66,538 $507 3.52%
    37% 11 $1,495,000 $135,909 $1,263 3.39%
    42% 9 $625,000 $69,444 $499 3.83%
    39% 9 $925,000 $102,778 $499 3.49%
    40% 9 $1,485,000 $165,000 $1,076 3.18%
    43% 7 $445,000 $63,571 $0 3.82%
    46% 6 $950,000 $158,333 $1,896 3.08%
    41% 5 $865,000 $173,000 $499 3.25%
    47% 4 $520,000 $130,000 $512 3.09%
    45% 4 $340,000 $85,000 $499 3.66%
    38% 3 $335,000 $111,667 $499 3.42%
    49% 2 $100,000 $50,000 $0 3.19%
    50-60% 2 $80,000 $40,000 $0 3.75%
    >60% 2 $90,000 $45,000 $0 3.13%
    44% 1 $35,000 $35,000 $0 3.00%

    Cinfed Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 131 originations. The next most common DTI ratio? <20%, with 81 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 324 $37,510,000 $115,772 $871 3.41%
    Black 23 $2,515,000 $109,348 $470 3.38%
    Asian 7 $1,095,000 $156,429 $505 3.07%
    Not provided 12 $940,000 $78,333 $518 3.14%
    Other Pacific Islander 1 $45,000 $45,000 $0 4.63%

    Approval Rates

    Total approvals of all applications
    71.41%

    Cinfed Federal Credit Union has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    52.04%

    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 367 $42,105,000 $114,728

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 367 $42,105,000 $114,728

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 60 $4,600,000 $76,667 $580 3.46%
    40-60% 54 $7,080,000 $131,111 $573 3.09%
    60-80% 84 $18,670,000 $222,262 $729 3.17%
    80-100% 29 $5,575,000 $192,241 $911 3.38%
    Over 100% 2 $450,000 $225,000 $5,281 3.75%
    Under 20% 136 $4,750,000 $34,926 $374 3.61%

    Complaints

    Bank Name Product Issue 2020 CPFB Complaints % of Total Issues
    COMPUTER SCIENCES CORPORATION Home equity loan or line of credit (HELOC) Trouble during payment process 1 100.0%