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 Cash Out Refi loans. Cinfed Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Cincinnati, Dayton, Maysville, Columbus, and Wilmington among others. We have data for 6 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% 5/4/24
    30 Year Conventional Purchase 6.28% 5/4/24
    30 Year Conventional Refi 6.31% 5/4/24
    30 Year Cash-out Refi 6.22% 5/4/24
    15 Year Conventional Purchase 5.77% 5/4/24
    15 Year Conventional Refi 5.95% 5/4/24
    15 Year Cash-out Refi 5.95% 5/4/24
    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

    539

    Origination Dollar Volume (All Markets)

    $70,215,000

    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) 515 $68,265,000 $132,553 $603 3.02%
    Outside of Metro Areas 16 $1,070,000 $66,875 $737 3.43%
    DAYTON-KETTERING, OH (FHA|USDA|VA) 4 $330,000 $82,500 $499 3.00%
    Maysville, KY (FHA|USDA|VA) 2 $280,000 $140,000 $499 2.94%
    COLUMBUS, OH (FHA|USDA|VA) 1 $165,000 $165,000 $1,132 3.00%
    Wilmington, OH (FHA|USDA|VA) 1 $105,000 $105,000 $0 3.00%
    Cinfed Federal Credit Union's top markets include Cincinnati, Dayton, Maysville, Columbus, and Wilmington among others.

    Their top states include:
  • Ohio (FHA|USDA|VA)
  • Kentucky (FHA|USDA|VA)
  • Indiana (FHA|USDA|VA)
  • (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: 246
    CINFED Federal Credit Union
    Similarity Rank: 288
    Sharefax Credit Union
    Similarity Rank: 505
    Eagle Savings Bank
    Similarity Rank: 1152
    LCNB National Bank
    Similarity Rank: 1274
    RIVER VALLEY CREDIT UNION, INC.
    Similarity Rank: 1290
    Warsaw Federal Savings and Loan Association
    Similarity Rank: 1320
    Central Bank
    Similarity Rank: 1476
    SIBCY CLINE MORTGAGE SERVICES, INC.
    Similarity Rank: 1624
    The Friendship State Bank
    Similarity Rank: 1881

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 322 $57,130,000 $177,422 $604 2.85%
    HELOC 217 $13,085,000 $60,300 n/a 3.30%

    For 2021, Cinfed Federal Credit Union's most frequently originated type of loan was Conventional, with 322 originations. Their 2nd most popular type was HELOC, with 217 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 184 $25,960,000 $141,087 $494 2.85%
    Cash Out Refi 128 $23,140,000 $180,781 $573 2.88%
    Home Improvement 90 $3,900,000 $43,333 $0 3.27%
    Other 79 $5,855,000 $74,114 $2,020 3.36%
    Home Purchase 58 $11,360,000 $195,862 $977 3.14%

    For 2021, Cinfed Federal Credit Union's most frequently cited loan purpose was Refi, with 184 originations. The 2nd most popular reason was Cash Out Refi, with 128 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    20 Year 270 $21,830,000 $80,852 $478 3.21%
    30 Year 145 $29,965,000 $206,655 $691 3.03%
    15 Year 79 $11,655,000 $147,532 $565 2.70%
    Other 21 $4,205,000 $200,238 $572 2.67%
    10 Year 19 $2,275,000 $119,737 $499 2.49%
    5 Year 5 $285,000 $57,000 $559 2.65%

    For 2021, Cinfed Federal Credit Union's most frequently cited loan duration was 20 Year, with 270 originations. The 2nd most popular length was 30 Year, with 145 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 316 $54,990,000 $174,019
    $5k+ 2 $1,080,000 $540,000
    $1k-2k 1 $145,000 $145,000
    $2k-3k 1 $245,000 $245,000
    $3k-4k 1 $315,000 $315,000
    $4k-5k 1 $355,000 $355,000

    Cinfed Federal Credit Union's average total fees were $691, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 316 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 297 $44,745,000 $150,657
    3-4% 170 $16,350,000 $96,176
    <2.5% 57 $8,535,000 $149,737
    4-5% 15 $585,000 $39,000

    During 2021, Cinfed Federal Credit Union's average interest rate for loans was 3.03%, while their most frequently originated rate bucket for loans was 2.5-3%, with 297 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 260 $12,990,000 $49,962 $535 3.18%
    $100k-200k 174 $25,410,000 $146,034 $542 2.88%
    $200k-400k 85 $21,635,000 $254,529 $670 2.93%
    $400k-600k 20 $10,180,000 $509,000 $1,124 2.92%

    2021 saw Cinfed Federal Credit Union place emphasis on $100,000 or less loans with 260 originations, totaling $12,990,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 129 $19,635,000 $152,209 $689 2.99%
    $50k-75k 124 $12,020,000 $96,935 $537 3.08%
    $75k-100k 106 $13,440,000 $126,792 $643 3.06%
    $150k-250k 78 $12,480,000 $160,000 $613 2.98%
    $50k or less 71 $5,775,000 $81,338 $555 2.98%
    $250k+ 22 $6,530,000 $296,818 $448 3.01%

    Cinfed Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 129 originations. The second most popular income band? $50k-75k, with 124 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 175 $22,015,000 $125,800 $562 3.01%
    30-36% 97 $14,815,000 $152,732 $739 3.08%
    <20% 97 $11,835,000 $122,010 $577 2.93%
    38% 23 $2,685,000 $116,739 $969 2.98%
    39% 23 $3,005,000 $130,652 $499 3.11%
    41% 21 $2,795,000 $133,095 $545 3.06%
    36% 21 $2,865,000 $136,429 $499 3.21%
    40% 20 $2,660,000 $133,000 $499 3.04%
    42% 17 $1,585,000 $93,235 $474 3.19%
    37% 14 $2,010,000 $143,571 $437 3.00%
    43% 12 $1,410,000 $117,500 $499 3.25%
    46% 4 $720,000 $180,000 $549 3.03%
    50-60% 4 $670,000 $167,500 $1,162 2.91%
    45% 4 $360,000 $90,000 $499 2.84%
    44% 3 $425,000 $141,667 $499 2.88%
    47% 2 $80,000 $40,000 $0 3.13%
    48% 1 $115,000 $115,000 $499 3.50%
    49% 1 $165,000 $165,000 $499 2.50%

    Cinfed Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 175 originations. The next most common DTI ratio? 30-36%, with 97 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 452 $61,070,000 $135,111 $613 3.02%
    Not provided 44 $4,920,000 $111,818 $545 3.04%
    Black 38 $3,140,000 $82,632 $559 3.13%
    Asian 3 $905,000 $301,667 $499 3.21%
    American Indian 2 $180,000 $90,000 $0 3.13%

    Approval Rates

    Total approvals of all applications
    75.19%

    Cinfed Federal Credit Union has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    73.28%

    Cinfed Federal Credit Union has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 539 $70,215,000 $130,269

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    539 $70,215,000 $130,269

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 101 $8,465,000 $83,812 $493 3.03%
    40-60% 96 $15,320,000 $159,583 $510 2.85%
    60-80% 173 $34,635,000 $200,202 $647 2.90%
    80-100% 37 $7,105,000 $192,027 $779 3.07%
    Under 20% 132 $4,690,000 $35,530 $359 3.33%