Inspirus Credit Union Mortgage Rates, Fees & Info

SEATTLE, WA

LEI: 25490008HJSJXXX9TO61

Tax ID: 91-0403815

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

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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 Mount Vernon among others. We have data for 22 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.

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    Originations

    1,085

    Origination Dollar Volume (All Markets)

    $90,655,000

    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) 656 $58,620,000 $89,360 $48 4.56%
    SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) 90 $6,030,000 $67,000 $28 4.49%
    BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) 54 $4,600,000 $85,185 $9 4.42%
    YAKIMA, WA (FHA|USDA|VA) 36 $2,800,000 $77,778 $59 4.84%
    MOUNT VERNON-ANACORTES, WA (FHA|USDA|VA) 26 $1,690,000 $65,000 $0 4.31%
    OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) 22 $1,620,000 $73,636 $13 4.42%
    KENNEWICK-RICHLAND, WA (FHA|USDA|VA) 27 $1,565,000 $57,963 $20 4.97%
    Outside of Metro Areas 21 $1,525,000 $72,619 $11 4.56%
    Oak Harbor, WA (FHA|USDA|VA) 18 $1,490,000 $82,778 $179 4.46%
    WALLA WALLA, WA (FHA|USDA|VA) 17 $1,385,000 $81,471 $0 4.46%
    WENATCHEE, WA (FHA|USDA|VA) 15 $1,275,000 $85,000 $54 4.52%
    PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 15 $1,025,000 $68,333 $22 5.02%
    Moses Lake, WA (FHA|USDA|VA) 10 $970,000 $97,000 $96 4.75%
    Ellensburg, WA (FHA|USDA|VA) 9 $945,000 $105,000 $0 4.63%
    Port Angeles, WA (FHA|USDA|VA) 11 $905,000 $82,273 $16 5.11%
    Centralia, WA (FHA|USDA|VA) 11 $885,000 $80,455 $0 4.54%
    Shelton, WA (FHA|USDA|VA) 8 $820,000 $102,500 $143 4.43%
    Aberdeen, WA (FHA|USDA|VA) 9 $715,000 $79,444 $119 4.81%
    BELLINGHAM, WA (FHA|USDA|VA) 12 $630,000 $52,500 $87 4.52%
    LONGVIEW, WA (FHA|USDA|VA) 6 $470,000 $78,333 $45 4.29%
    Othello, WA (FHA|USDA|VA) 5 $355,000 $71,000 $0 4.50%
    Pullman, WA (FHA|USDA|VA) 7 $335,000 $47,857 $0 4.43%
    Inspirus Credit Union's top markets include Seattle, Spokane, Bremerton, Yakima, and Mount Vernon among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 601 $48,635,000 $80,923 $43 4.93%
    HELOC 484 $42,020,000 $86,818 n/a 4.12%

    For 2019, Inspirus Credit Union's most frequently originated type of loan was Conventional, with 601 originations. Their 2nd most popular type was HELOC, with 484 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 544 $40,940,000 $75,257 $21 4.44%
    Other 358 $27,010,000 $75,447 $30 4.83%
    Refi 154 $19,370,000 $125,779 $113 4.44%
    Home Purchase 29 $3,335,000 $115,000 $0 4.40%

    For 2019, Inspirus Credit Union's most frequently cited loan purpose was Home Improvement, with 544 originations. The 2nd most popular reason was Other, with 358 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 457 $39,425,000 $86,269 $49 4.13%
    15 Year 331 $32,905,000 $99,411 $60 5.07%
    10 Year 215 $14,155,000 $65,837 $30 4.83%
    5 Year 82 $4,170,000 $50,854 $10 4.27%

    For 2019, Inspirus Credit Union's most frequently cited loan duration was Other, with 457 originations. The 2nd most popular length was 15 Year, with 331 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 598 $48,500,000 $81,104

    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 598 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 631 $53,755,000 $85,190
    5-6% 272 $18,970,000 $69,743
    3-4% 136 $14,720,000 $108,235
    6-7% 46 $3,210,000 $69,783

    During 2019, Inspirus Credit Union's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 4-5%, with 631 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 735 $37,455,000 $50,959 $18 4.64%
    $100k-200k 281 $36,645,000 $130,409 $8 4.43%
    $200k-400k 69 $16,555,000 $239,928 $534 4.27%

    2019 saw Inspirus Credit Union place emphasis on $100,000 or less loans with 735 originations, totaling $37,455,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 335 $27,965,000 $83,478 $41 4.65%
    $150k-250k 284 $27,230,000 $95,880 $37 4.58%
    $75k-100k 212 $17,490,000 $82,500 $69 4.55%
    $50k-75k 145 $9,095,000 $62,724 $22 4.50%
    $50k or less 63 $3,605,000 $57,222 $23 4.34%
    $250k+ 37 $4,705,000 $127,162 $96 4.38%

    Inspirus Credit Union lent most frequently to those with incomes in the $100k-150k range, with 335 originations. The second most popular income band? $150k-250k, with 284 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 298 $24,140,000 $81,007 $41 4.51%
    30-36% 216 $19,130,000 $88,565 $37 4.62%
    <20% 112 $8,100,000 $72,321 $3 4.13%
    50-60% 71 $7,435,000 $104,718 $87 4.58%
    37% 37 $2,675,000 $72,297 $10 4.82%
    42% 36 $2,940,000 $81,667 $75 4.73%
    44% 31 $2,695,000 $86,935 $44 4.71%
    41% 30 $1,870,000 $62,333 $75 4.71%
    36% 30 $2,450,000 $81,667 $50 4.54%
    49% 28 $2,330,000 $83,214 $22 4.60%
    39% 27 $2,465,000 $91,296 $0 4.54%
    38% 27 $2,555,000 $94,630 $72 4.62%
    46% 27 $1,855,000 $68,704 $14 4.89%
    40% 26 $2,330,000 $89,615 $48 4.53%
    43% 23 $1,845,000 $80,217 $35 4.94%
    47% 21 $1,825,000 $86,905 $0 4.64%
    45% 19 $1,695,000 $89,211 $75 4.62%
    48% 16 $1,520,000 $95,000 $116 5.02%
    >60% 9 $775,000 $86,111 $208 4.52%

    Inspirus Credit Union lent most frequently to those with DTI ratios of 20-30%, with 298 originations. The next most common DTI ratio? 30-36%, with 216 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 837 $69,645,000 $83,208 $45 4.56%
    Not provided 171 $14,495,000 $84,766 $36 4.56%
    Asian 36 $3,420,000 $95,000 $0 4.52%
    Black 20 $1,670,000 $83,500 $53 4.46%
    American Indian 12 $660,000 $55,000 $0 4.84%
    Native Hawaiian or Islander 4 $290,000 $72,500 $0 5.17%
    Filipino 2 $290,000 $145,000 $0 4.16%
    Other Pacific Islander 1 $135,000 $135,000 $0 5.75%
    Korean 1 $25,000 $25,000 $855 5.35%
    Not applicable 1 $25,000 $25,000 $0 5.45%

    Approval Rates

    Total approvals of all applications
    84.42%

    Inspirus Credit Union has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    86.45%

    Inspirus Credit Union has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 1,085 $90,655,000 $83,553

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 26 $2,000,000 $76,923
    Single Family (1-4 Units):Site-Built 1,059 $88,655,000 $83,716

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 279 $34,305,000 $122,957 $67 4.55%
    40-60% 52 $7,430,000 $142,885 $41 4.25%
    60-80% 27 $4,895,000 $181,296 $144 4.10%
    80-100% 7 $1,545,000 $220,714 $542 4.26%
    Under 20% 720 $42,480,000 $59,000 $16 4.61%