Unitus Community Credit Union Mortgage Rates, Fees & Info

Portland, OR

LEI: 2549001IK7UDPADKAG34

Tax ID: 93-0243503

2.2 stars - Updated: 12/3/24 - out of 5 stars, based on 24 reviews

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

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Mortgage Data

Review & Overview

Unitus Community Credit Union is a smaller credit union specializing in Home Improvement and Home Purchase loans. Unitus Community Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Portland, Salem, Seattle, Albany, and Eugene among others. We have data for 29 markets. (Some data included below & more in-depth data is available with an active subscription.)

Unitus Community Credit Union has a below average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Unitus Community Credit Union is typically an average 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 relatively high 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) 6.27% 12/3/24
30 Year Conventional Purchase 6.68% 12/3/24
30 Year Conventional Refi 6.30% 12/3/24
30 Year Cash-out Refi 6.30% 12/3/24
15 Year Conventional Purchase 5.74% 12/3/24
15 Year Conventional Refi 5.82% 12/3/24
15 Year Cash-out Refi 5.82% 12/3/24
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.

Unitus Community Credit Union Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from Unitus Community 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

567

Origination Dollar Volume (All Markets)

$82,305,000

Awards

Unitus Community Credit Union 30 Year Conventional Loans gold
Show all (1) awards

Relative Rate

Unitus Community Credit Union's average 30 year fixed mortgage rate was 8.45%.

The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

This yields a difference of 1.97%.

Relative Fees (Closing Costs)

Unitus Community Credit Union's average total fees/closing costs for a 30 year fixed rate mortgage were $5,960.

The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $9,089.

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
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 406 $57,070,000 $140,567 $6,135 8.41%
SALEM, OR (FHA|USDA|VA) 75 $9,915,000 $132,200 $4,845 8.32%
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 9 $2,655,000 $295,000 $6,267 8.26%
ALBANY-LEBANON, OR (FHA|USDA|VA) 8 $1,490,000 $186,250 $4,057 7.95%
EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) 11 $1,425,000 $129,545 $6,182 8.33%
Outside of Metro Areas 9 $1,415,000 $157,222 $2,510 8.52%
BEND, OR (FHA|USDA|VA) 11 $1,325,000 $120,455 $4,464 8.10%
LONGVIEW, WA (FHA|USDA|VA) 2 $1,220,000 $610,000 $4,398 6.13%
Shelton, WA (FHA|USDA|VA) 1 $955,000 $955,000 $0 6.00%
Astoria, OR (FHA|USDA|VA) 3 $675,000 $225,000 $6,372 6.67%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 2 $570,000 $285,000 $4,541 7.50%
Ontario, OR-ID (FHA|USDA|VA) 1 $505,000 $505,000 $12,183 5.88%
CORVALLIS, OR (FHA|USDA|VA) 1 $485,000 $485,000 $11,726 7.25%
OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) 3 $355,000 $118,333 $4,844 7.58%
Klamath Falls, OR (FHA|USDA|VA) 1 $305,000 $305,000 $4,193 7.50%
Hermiston-Pendleton, OR (FHA|USDA|VA) 2 $300,000 $150,000 $10,849 10.12%
Roseburg, OR (FHA|USDA|VA) 1 $265,000 $265,000 $2,083 6.25%
Prineville, OR (FHA|USDA|VA) 2 $260,000 $130,000 $0 8.62%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 2 $220,000 $110,000 $4,141 6.31%
Centralia, WA (FHA|USDA|VA) 3 $205,000 $68,333 $0 8.99%
Newport, OR (FHA|USDA|VA) 4 $150,000 $37,500 $0 9.37%
MEDFORD, OR (FHA|USDA|VA) 2 $150,000 $75,000 $1,785 8.31%
YUMA, AZ (FHA|USDA|VA) 1 $95,000 $95,000 $2,532 6.88%
Pullman, WA (FHA|USDA|VA) 1 $65,000 $65,000 $0 9.49%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 2 $60,000 $30,000 $0 8.99%
YAKIMA, WA (FHA|USDA|VA) 1 $55,000 $55,000 $1,356 5.75%
Hood River, OR (FHA|USDA|VA) 1 $55,000 $55,000 $0 10.49%
TUCSON, AZ (FHA|USDA|VA) 1 $35,000 $35,000 $0 8.24%
GRANTS PASS, OR (FHA|USDA|VA) 1 $25,000 $25,000 $0 9.74%
Unitus Community Credit Union's top markets include Portland, Salem, Seattle, Albany, and Eugene among others.

Their top states include:
  • Oregon (FHA|USDA|VA)
  • Washington (FHA|USDA|VA)
  • California (FHA|USDA|VA)
  • Idaho (FHA|USDA|VA)
  • Arizona (FHA|USDA|VA)
  • Similar Lenders

    We use machine learning to identify the top lenders compared against Unitus Community Credit Union based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    SELCO COMMUNITY
    Similarity Rank: 72
    INROADS
    Similarity Rank: 238
    LO, INC.
    Similarity Rank: 492
    CU HOME MORTGAGE SOLUTIONS, LLC
    Similarity Rank: 693
    Clackamas Federal Credit Union
    Similarity Rank: 776
    COLUMBIA COMMUNITY CREDIT UNION
    Similarity Rank: 988
    FIBRE FEDERAL CREDIT UNION
    Similarity Rank: 1281

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    HELOC 420 $29,530,000 $70,310 n/a 8.91%
    Conventional 147 $52,775,000 $359,014 $5,732 6.76%

    For 2023, Unitus Community Credit Union's most frequently originated type of loan was HELOC, with 420 originations. Their 2nd most popular type was Conventional, with 147 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 285 $20,125,000 $70,614 $0 8.83%
    Other 119 $7,625,000 $64,076 $3,352 9.13%
    Home Purchase 105 $35,605,000 $339,095 $5,800 6.90%
    Cash Out Refi 46 $14,960,000 $325,217 $6,145 7.14%
    Refi 12 $3,990,000 $332,500 $4,408 6.63%

    For 2023, Unitus Community Credit Union's most frequently cited loan purpose was Home Improvement, with 285 originations. The 2nd most popular reason was Other, with 119 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 541 $70,475,000 $130,268 $5,960 8.45%
    10 Year 10 $8,760,000 $876,000 $4,272 6.58%
    15 Year 9 $1,695,000 $188,333 $4,134 5.72%
    20 Year 7 $1,375,000 $196,429 $3,993 6.48%

    For 2023, Unitus Community Credit Union's most frequently cited loan duration was 30 Year, with 541 originations. The 2nd most popular length was 10 Year, with 10 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 46 $15,140,000 $329,130
    $<1k 35 $9,035,000 $258,143
    $5k+ 31 $11,865,000 $382,742
    $3k-4k 12 $4,090,000 $340,833
    $2k-3k 11 $3,795,000 $345,000
    $4k-5k 5 $1,225,000 $245,000

    Unitus Community Credit Union's average total fees were $5,960, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 46 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    Over 8% 396 $31,320,000 $79,091
    6-7% 73 $28,565,000 $391,301
    7-8% 66 $12,640,000 $191,515
    5-6% 31 $9,735,000 $314,032
    4-5% 1 $45,000 $45,000

    During 2023, Unitus Community Credit Union's average interest rate for loans was 8.45%, while their most frequently originated rate bucket for loans was Over 8%, with 396 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 339 $15,835,000 $46,711 $2,517 8.88%
    $200k-400k 96 $27,500,000 $286,458 $5,675 7.30%
    $100k-200k 86 $11,070,000 $128,721 $4,261 8.22%
    $400k-600k 33 $15,695,000 $475,606 $7,007 6.97%
    $600k-1MM 10 $7,270,000 $727,000 $9,947 6.69%
    $1MM+ 3 $4,935,000 $1,645,000 $0 6.10%

    2023 saw Unitus Community Credit Union place emphasis on $100,000 or less loans with 339 originations, totaling $15,835,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 151 $25,825,000 $171,026 $6,875 8.41%
    $100k-150k 147 $19,385,000 $131,871 $5,587 8.43%
    $75k-100k 120 $13,930,000 $116,083 $5,132 8.36%
    $50k-75k 71 $5,555,000 $78,239 $6,334 8.32%
    $250k+ 39 $6,895,000 $176,795 $7,142 8.58%
    $50k or less 30 $2,030,000 $67,667 $3,308 7.89%

    Unitus Community Credit Union lent most frequently to those with incomes in the $150k-250k range, with 151 originations. The second most popular income band? $100k-150k, with 147 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 116 $14,500,000 $125,000 $5,950 8.36%
    20-30% 115 $12,735,000 $110,739 $5,459 8.45%
    43% 29 $4,415,000 $152,241 $5,831 8.58%
    42% 28 $4,190,000 $149,643 $5,594 7.97%
    <20% 27 $2,415,000 $89,444 $3,765 8.02%
    44% 26 $2,880,000 $110,769 $4,582 8.24%
    39% 25 $3,735,000 $149,400 $6,121 8.24%
    40% 23 $3,445,000 $149,783 $5,165 8.85%
    36% 23 $3,535,000 $153,696 $5,200 8.26%
    48% 19 $2,585,000 $136,053 $5,981 8.49%
    41% 19 $2,965,000 $156,053 $5,804 8.53%
    37% 19 $2,995,000 $157,632 $5,842 8.33%
    45% 19 $2,605,000 $137,105 $5,842 8.62%
    49% 17 $3,755,000 $220,882 $6,133 7.96%
    47% 16 $1,830,000 $114,375 $8,734 8.56%
    38% 15 $2,205,000 $147,000 $8,230 8.28%
    46% 10 $1,700,000 $170,000 $5,851 8.63%
    50-60% 10 $680,000 $68,000 $0 8.57%
    >60% 2 $450,000 $225,000 $4,404 8.68%

    Unitus Community Credit Union lent most frequently to those with DTI ratios of 30-36%, with 116 originations. The next most common DTI ratio? 20-30%, with 115 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 438 $55,890,000 $127,603 $5,731 8.40%
    Not provided 77 $11,685,000 $151,753 $5,268 8.09%
    Not applicable 9 $8,685,000 $965,000 $0 6.68%
    Asian 15 $3,155,000 $210,333 $7,060 7.79%
    Black 14 $1,460,000 $104,286 $7,846 9.05%
    Native Hawaiian or Islander 4 $750,000 $187,500 $4,859 8.37%
    American Indian 7 $445,000 $63,571 $0 9.49%
    Vietnamese 1 $135,000 $135,000 $0 8.24%
    Asian Indian 1 $75,000 $75,000 $0 9.99%
    Filipino 1 $25,000 $25,000 $0 9.74%

    Approval Rates

    Total approvals of all applications
    63.39%

    Unitus Community Credit Union has a low approval rate. They may have poor market targeting or stringent lending standards.

    Pick Rate

    Approvals leading to origination
    71.08%

    Unitus Community Credit Union has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 567 $82,305,000 $145,159

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    567 $82,305,000 $145,159

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 62 $12,060,000 $194,516 $4,586 7.98%
    40-60% 44 $12,900,000 $293,182 $5,582 6.76%
    60-80% 36 $16,390,000 $455,278 $7,175 7.00%
    80-100% 40 $16,190,000 $404,750 $6,032 7.21%
    Under 20% 385 $24,765,000 $64,325 $2,800 8.84%