Unitus Community Credit Union Mortgage Rates, Fees & Info

Portland, OR

LEI: 2549001IK7UDPADKAG34

Tax ID: 93-0243503

3.9 stars - out of 5 stars, based on 41 reviews

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

Unitus Community Credit Union is a smaller credit union specializing in Cash Out Refi, Refi, and Home Purchase loans. Unitus Community Credit Union has a high proportion of conventional loans. Their top markets include Portland, Salem, Bend, Seattle, and Longview among others. Unitus Community Credit Union has an average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. Unitus Community Credit Union is typically an average fee lendor.


Originations

1,664

Origination Dollar Volume (All Markets)

$365,560,000

Relative Rate

Unitus Community Credit Union's average 30 year fixed rate mortgage of loans were 3.45%.

The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.

This yields a difference of 0.3%.

Relative Fees

Unitus Community Credit Union's average total fees for a 30 year fixed rate mortgage are $4,961.

The average total origination fees for 30 year fixed rate mortgages (for all loan values, including both points & up-front fees in addition to origination fees) are $4,750.

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 1,281 $281,655,000 $219,871 $4,739 3.33%
SALEM, OR (FHA|USDA|VA) 179 $36,265,000 $202,598 $4,722 3.17%
BEND, OR (FHA|USDA|VA) 21 $7,075,000 $336,905 $4,721 3.22%
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 15 $5,125,000 $341,667 $6,007 3.23%
Outside of Metro Areas 24 $4,850,000 $202,083 $3,798 3.08%
LONGVIEW, WA (FHA|USDA|VA) 12 $2,970,000 $247,500 $4,950 3.45%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 11 $2,785,000 $253,182 $3,703 3.22%
Astoria, OR (FHA|USDA|VA) 10 $2,590,000 $259,000 $6,151 3.15%
CORVALLIS, OR (FHA|USDA|VA) 6 $2,270,000 $378,333 $4,988 3.27%
ALBANY-LEBANON, OR (FHA|USDA|VA) 13 $2,075,000 $159,615 $3,922 3.20%
The Dalles, OR (FHA|USDA|VA) 2 $1,900,000 $950,000 $9,027 3.48%
Newport, OR (FHA|USDA|VA) 11 $1,855,000 $168,636 $5,030 3.58%
EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) 10 $1,460,000 $146,000 $4,428 3.41%
Centralia, WA (FHA|USDA|VA) 5 $895,000 $179,000 $3,248 3.34%
SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) 5 $845,000 $169,000 $3,725 3.00%
Hood River, OR (FHA|USDA|VA) 3 $815,000 $271,667 $4,189 3.62%
TUCSON, AZ (FHA|USDA|VA) 4 $800,000 $200,000 $2,811 2.78%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 3 $755,000 $251,667 $4,405 3.04%
BOISE CITY, ID (FHA|USDA|VA) 5 $755,000 $151,000 $5,559 3.15%
La Grande, OR (FHA|USDA|VA) 4 $730,000 $182,500 $5,551 3.19%
Sandpoint, ID (FHA|USDA|VA) 1 $515,000 $515,000 $2,928 2.88%
MEDFORD, OR (FHA|USDA|VA) 2 $510,000 $255,000 $6,708 3.06%
SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 1 $495,000 $495,000 $6,479 4.13%
Roseburg, OR (FHA|USDA|VA) 2 $490,000 $245,000 $2,788 2.81%
KENNEWICK-RICHLAND, WA (FHA|USDA|VA) 2 $460,000 $230,000 $3,008 3.19%
Oak Harbor, WA (FHA|USDA|VA) 1 $455,000 $455,000 $3,283 2.63%
LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 3 $395,000 $131,667 $4,783 2.91%
Klamath Falls, OR (FHA|USDA|VA) 3 $325,000 $108,333 $7,793 4.24%
GRANTS PASS, OR (FHA|USDA|VA) 2 $320,000 $160,000 $2,347 3.75%
OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) 2 $300,000 $150,000 $3,108 3.50%
OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 1 $245,000 $245,000 $3,347 2.25%
BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) 2 $230,000 $115,000 $0 3.99%
WALLA WALLA, WA (FHA|USDA|VA) 1 $225,000 $225,000 $5,721 2.50%
BELLINGHAM, WA (FHA|USDA|VA) 1 $205,000 $205,000 $0 3.49%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 1 $205,000 $205,000 $0 3.99%
MOUNT VERNON-ANACORTES, WA (FHA|USDA|VA) 2 $200,000 $100,000 $3,283 3.18%
Port Angeles, WA (FHA|USDA|VA) 1 $195,000 $195,000 $3,051 3.50%
WENATCHEE, WA (FHA|USDA|VA) 1 $195,000 $195,000 $0 3.49%
SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 1 $185,000 $185,000 $0 3.49%
Coos Bay, OR (FHA|USDA|VA) 2 $170,000 $85,000 $2,265 3.12%
SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 1 $155,000 $155,000 $0 3.49%
Prineville, OR (FHA|USDA|VA) 1 $155,000 $155,000 $0 3.49%
Clearlake, CA (FHA|USDA|VA) 1 $145,000 $145,000 $3,056 2.63%
Aberdeen, WA (FHA|USDA|VA) 1 $135,000 $135,000 $2,865 3.13%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 1 $85,000 $85,000 $0 3.49%
VALLEJO, CA (FHA|USDA|VA) 1 $35,000 $35,000 $0 3.49%
YAKIMA, WA (FHA|USDA|VA) 1 $35,000 $35,000 $0 3.49%
RENO, NV (FHA|USDA|VA) 1 $25,000 $25,000 $0 3.49%

Unitus Community Credit Union's top markets include Portland, Salem, Bend, Seattle, and Longview among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 1,664 $365,560,000 $219,688 $4,707 3.30%

For the 2021 period, Unitus Community Credit Union's most frequently originated loan type of loans were Conventional, with 1,664 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Home Improvement 461 $37,995,000 $82,419 $4,001 3.78%
Cash Out Refi 388 $98,740,000 $254,485 $4,926 3.10%
Refi 357 $98,765,000 $276,653 $4,293 2.84%
Home Purchase 267 $102,975,000 $385,674 $4,973 3.21%
Other 191 $27,085,000 $141,806 $4,898 3.57%

For the 2021, Unitus Community Credit Union's most frequently cited loan purpose of loans were Home Improvement, with 461 originations. The 2nd most popular reason of loans were Cash Out Refi, with 388 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 1,350 $277,550,000 $205,593 $4,961 3.45%
15 Year 200 $48,440,000 $242,200 $4,078 2.51%
20 Year 61 $13,485,000 $221,066 $4,411 2.91%
10 Year 50 $22,870,000 $457,400 $3,290 2.91%
5 Year 2 $3,010,000 $1,505,000 $0 3.50%
Other 1 $205,000 $205,000 $0 4.25%

For the 2021, Unitus Community Credit Union's most frequently cited loan length of loans were 30 Year, with 1,350 originations. The 2nd most popular length of loans were 15 Year, with 200 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$1k-2k 356 $112,960,000 $317,303
$<1k 245 $65,885,000 $268,918
$3k-4k 164 $42,240,000 $257,561
$5k+ 145 $51,035,000 $351,966
$2k-3k 101 $26,325,000 $260,644

$4,961 of loans were Unitus Community Credit Union's average total fees, while their most frequently occuring range of origination fees were in the $1k-2k bucket, with 356 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
3-4% 912 $175,100,000 $191,996
2.5-3% 447 $128,995,000 $288,579
<2.5% 190 $48,600,000 $255,789
4-5% 90 $11,560,000 $128,444
5-6% 21 $1,135,000 $54,048
6-7% 2 $110,000 $55,000
7-8% 2 $60,000 $30,000

During 2021, Unitus Community Credit Union's average interest rate of loans were 3.45%, while their most frequently originated rate bucket of loans were 3-4%, with 912 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$200k-400k 606 $175,410,000 $289,455 $4,984 3.10%
$100,000 or less 510 $26,420,000 $51,804 $2,835 3.76%
$100k-200k 355 $51,225,000 $144,296 $3,694 3.11%
$400k-600k 148 $70,830,000 $478,581 $5,661 3.07%
$600k-1MM 32 $23,610,000 $737,813 $4,826 2.99%
$1MM+ 13 $18,065,000 $1,389,615 $7,157 3.24%

2021 saw Unitus Community Credit Union place emphasis on $200k-400k loans with 606 originations, totaling $175,410,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$100k-150k 400 $88,310,000 $220,775 $5,089 3.31%
$75k-100k 346 $68,600,000 $198,266 $4,881 3.35%
$50k-75k 335 $64,875,000 $193,657 $4,303 3.14%
$150k-250k 298 $69,330,000 $232,651 $5,169 3.43%
$50k or less 154 $22,510,000 $146,169 $3,610 3.18%
$250k+ 107 $32,825,000 $306,776 $5,706 3.36%

Unitus Community Credit Union lent most frequently to those with incomes in the $100k-150k range, with 400 originations. The second most popular income band? $75k-100k, with 346 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
20-30% 377 $83,075,000 $220,358 $4,955 3.17%
30-36% 299 $64,965,000 $217,274 $4,915 3.30%
<20% 121 $26,045,000 $215,248 $4,067 3.06%
44% 75 $15,895,000 $211,933 $4,897 3.29%
50-60% 75 $9,245,000 $123,267 $3,637 3.72%
41% 69 $16,215,000 $235,000 $4,772 3.36%
39% 67 $14,415,000 $215,149 $5,051 3.33%
38% 67 $16,655,000 $248,582 $4,566 3.19%
37% 66 $14,500,000 $219,697 $4,957 3.34%
42% 65 $13,605,000 $209,308 $4,593 3.43%
43% 63 $12,905,000 $204,841 $4,282 3.35%
40% 59 $9,755,000 $165,339 $4,736 3.56%
49% 43 $8,435,000 $196,163 $4,312 3.18%
36% 42 $9,210,000 $219,286 $4,631 3.30%
45% 36 $6,490,000 $180,278 $4,282 3.48%
47% 30 $5,610,000 $187,000 $4,580 3.25%
46% 30 $6,130,000 $204,333 $3,957 3.34%
>60% 29 $8,135,000 $280,517 $4,843 3.51%
48% 27 $4,375,000 $162,037 $4,375 3.46%

Unitus Community Credit Union lent most frequently to those with DTI ratios of 20-30%, with 377 originations. The next most common DTI ratio? 30-36%, with 299 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 1,155 $232,565,000 $201,355 $4,741 3.34%
Not provided 387 $94,535,000 $244,276 $4,721 3.17%
Not applicable 20 $17,920,000 $896,000 $0 3.73%
Asian 43 $10,575,000 $245,930 $4,475 3.23%
American Indian 19 $3,385,000 $178,158 $5,030 3.44%
Black 25 $3,375,000 $135,000 $3,219 3.44%
Native Hawaiian 4 $1,140,000 $285,000 $3,680 2.94%
Other Pacific Islander 2 $620,000 $310,000 $5,795 3.13%
Filipino 3 $605,000 $201,667 $2,630 4.12%
Other Asian 1 $255,000 $255,000 $0 3.49%
Asian Indian 2 $220,000 $110,000 $5,208 3.50%
Vietnamese 1 $155,000 $155,000 $2,221 2.25%
Japanese 1 $105,000 $105,000 $1,992 2.38%
Korean 1 $105,000 $105,000 $0 3.99%

Approval Rates

Total approvals of all applications
78.83%

Unitus Community Credit Union has a below average approval rate.

Pick Rate

Approvals leading to origination
77.64%

Unitus Community Credit Union has a below average pick rate.

Points and Fees

Points Originations Total Value Average Loan
NA 1,664 $365,560,000 $219,688

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
1,664 $365,560,000 $219,688

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 247 $40,605,000 $164,393 $3,503 3.09%
40-60% 301 $81,065,000 $269,319 $4,376 2.88%
60-80% 380 $138,010,000 $363,184 $5,299 3.11%
80-100% 186 $69,440,000 $373,333 $5,217 3.20%
Under 20% 550 $36,440,000 $66,255 $3,084 3.79%

Complaints

Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
Unitas Lending, LLC FHA mortgage Applying for a mortgage or refinancing an existing mortgage 1 100.0%