Inspirus Credit Union Mortgage Rates, Fees & Info

SEATTLE, WA

LEI: 25490008HJSJXXX9TO61

Tax ID: 91-0403815

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

Jump to:

Mortgage Data

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

    Inspirus Credit Union is a smaller credit union specializing in Home Improvement, Other, and Refi loans. Inspirus Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Seattle, Spokane, Bremerton, Yakima, and Olympia among others. We have data for 23 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Inspirus 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.

    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.


    Originations

    1,312

    Origination Dollar Volume (All Markets)

    $110,370,000

    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
    Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 819 $75,045,000 $91,630 $89 4.42%
    SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) 88 $6,660,000 $75,682 $52 4.48%
    BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) 61 $4,365,000 $71,557 $64 4.64%
    YAKIMA, WA (FHA|USDA|VA) 53 $3,685,000 $69,528 $25 4.71%
    Outside of Metro Areas 39 $2,475,000 $63,462 $52 4.43%
    OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) 29 $2,315,000 $79,828 $9 4.66%
    PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 27 $2,245,000 $83,148 $117 4.69%
    KENNEWICK-RICHLAND, WA (FHA|USDA|VA) 30 $2,190,000 $73,000 $0 4.40%
    WENATCHEE, WA (FHA|USDA|VA) 23 $1,605,000 $69,783 $74 4.48%
    MOUNT VERNON-ANACORTES, WA (FHA|USDA|VA) 21 $1,325,000 $63,095 $36 4.28%
    WALLA WALLA, WA (FHA|USDA|VA) 17 $1,175,000 $69,118 $0 4.73%
    Oak Harbor, WA (FHA|USDA|VA) 15 $1,075,000 $71,667 $0 4.53%
    BELLINGHAM, WA (FHA|USDA|VA) 11 $1,035,000 $94,091 $219 4.49%
    Centralia, WA (FHA|USDA|VA) 10 $1,020,000 $102,000 $36 4.47%
    Port Angeles, WA (FHA|USDA|VA) 10 $810,000 $81,000 $143 4.50%
    Moses Lake, WA (FHA|USDA|VA) 11 $685,000 $62,273 $0 4.06%
    LONGVIEW, WA (FHA|USDA|VA) 10 $630,000 $63,000 $30 4.21%
    Ellensburg, WA (FHA|USDA|VA) 11 $595,000 $54,091 $0 4.52%
    Othello, WA (FHA|USDA|VA) 4 $390,000 $97,500 $232 4.11%
    Pullman, WA (FHA|USDA|VA) 6 $370,000 $61,667 $0 4.39%
    Shelton, WA (FHA|USDA|VA) 7 $295,000 $42,143 $0 4.17%
    Aberdeen, WA (FHA|USDA|VA) 9 $295,000 $32,778 $49 4.67%
    LEWISTON, ID-WA (FHA|USDA|VA) 1 $85,000 $85,000 $15 5.38%
    Inspirus Credit Union's top markets include Seattle, Spokane, Bremerton, Yakima, and Olympia among others.

    Their top states include:
  • Washington (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 735 $61,515,000 $83,694 $71 4.86%
    HELOC 577 $48,855,000 $84,671 n/a 3.95%

    For 2018, Inspirus Credit Union's most frequently originated type of loan was Conventional, with 735 originations. Their 2nd most popular type was HELOC, with 577 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 635 $47,275,000 $74,449 $30 4.33%
    Other 392 $26,840,000 $68,469 $40 4.73%
    Refi 238 $30,360,000 $127,563 $169 4.41%
    Home Purchase 47 $5,895,000 $125,426 $107 4.15%

    For 2018, Inspirus Credit Union's most frequently cited loan purpose was Home Improvement, with 635 originations. The 2nd most popular reason was Other, with 392 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 565 $47,375,000 $83,850 $37 3.96%
    15 Year 405 $44,235,000 $109,222 $105 5.01%
    10 Year 239 $14,555,000 $60,900 $31 4.76%
    5 Year 103 $4,205,000 $40,825 $36 4.36%

    For 2018, Inspirus Credit Union's most frequently cited loan duration was Other, with 565 originations. The 2nd most popular length was 15 Year, with 405 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 732 $61,360,000 $83,825

    Inspirus Credit Union's average total fees were $0, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 732 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 700 $64,510,000 $92,157
    5-6% 295 $21,875,000 $74,153
    4-5% 270 $20,080,000 $74,370
    6-7% 47 $3,905,000 $83,085

    During 2018, Inspirus Credit Union's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 3-4%, with 700 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 908 $45,390,000 $49,989 $23 4.55%
    $100k-200k 310 $40,850,000 $131,774 $27 4.29%
    $200k-400k 92 $23,250,000 $252,717 $659 4.12%
    $400k-600k 2 $880,000 $440,000 $1,082 5.62%

    2018 saw Inspirus Credit Union place emphasis on $100,000 or less loans with 908 originations, totaling $45,390,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 348 $28,640,000 $82,299 $72 4.52%
    $150k-250k 291 $29,835,000 $102,526 $84 4.52%
    $75k-100k 286 $20,730,000 $72,483 $59 4.47%
    $50k-75k 226 $16,300,000 $72,124 $62 4.36%
    $50k or less 94 $5,440,000 $57,872 $29 4.35%
    $250k+ 53 $7,815,000 $147,453 $199 4.32%

    Inspirus Credit Union lent most frequently to those with incomes in the $100k-150k range, with 348 originations. The second most popular income band? $150k-250k, with 291 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 347 $28,155,000 $81,138 $56 4.38%
    30-36% 251 $19,875,000 $79,183 $78 4.51%
    <20% 134 $10,650,000 $79,478 $66 4.15%
    50-60% 97 $9,355,000 $96,443 $52 4.52%
    39% 51 $3,685,000 $72,255 $21 4.57%
    36% 45 $3,705,000 $82,333 $16 4.52%
    38% 41 $3,825,000 $93,293 $89 4.66%
    37% 41 $3,625,000 $88,415 $43 4.64%
    43% 41 $3,635,000 $88,659 $118 4.57%
    40% 38 $2,970,000 $78,158 $90 4.72%
    42% 36 $2,880,000 $80,000 $80 4.48%
    45% 36 $2,860,000 $79,444 $76 4.69%
    41% 30 $2,840,000 $94,667 $198 4.36%
    44% 29 $2,795,000 $96,379 $181 4.31%
    47% 24 $2,900,000 $120,833 $190 4.63%
    49% 23 $1,805,000 $78,478 $24 4.52%
    46% 22 $1,920,000 $87,273 $0 4.90%
    48% 15 $1,725,000 $115,000 $90 4.84%
    >60% 11 $1,165,000 $105,909 $298 3.81%

    Inspirus Credit Union lent most frequently to those with DTI ratios of 20-30%, with 347 originations. The next most common DTI ratio? 30-36%, with 251 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,053 $89,055,000 $84,573 $73 4.44%
    Not provided 163 $12,555,000 $77,025 $25 4.59%
    Asian 47 $4,435,000 $94,362 $79 4.42%
    American Indian 19 $1,925,000 $101,316 $172 4.80%
    Black 20 $1,440,000 $72,000 $107 4.54%
    Filipino 3 $455,000 $151,667 $905 3.96%
    Native Hawaiian or Islander 4 $310,000 $77,500 $0 4.53%
    Other Pacific Islander 2 $110,000 $55,000 $0 3.95%
    Japanese 1 $85,000 $85,000 $0 3.95%

    Approval Rates

    Total approvals of all applications
    89.98%

    Inspirus Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    68.83%

    Inspirus 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 1,312 $110,370,000 $84,123

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 37 $2,865,000 $77,432
    Single Family (1-4 Units):Site-Built 1,275 $107,505,000 $84,318

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 292 $34,600,000 $118,493 $42 4.50%
    40-60% 72 $12,290,000 $170,694 $252 4.16%
    60-80% 39 $6,825,000 $175,000 $215 4.04%
    80-100% 24 $5,360,000 $223,333 $528 4.21%
    Under 20% 885 $51,295,000 $57,960 $27 4.50%