Point West Credit Union Mortgage Rates, Fees & Info

Portland, OR

LEI: 25490045AQF6IJKP4394

Tax ID: 93-0232289

Latest/2023 | 2022 Data | 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
  • Complaints
  • 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

    Point West Credit Union is a smaller credit union specializing in Other and Refi loans. Point West Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Portland, Salem, Corvallis, and Longview among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Point West 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

    37

    Origination Dollar Volume (All Markets)

    $2,105,000

    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
    PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 32 $1,930,000 $60,313 $516 4.45%
    SALEM, OR (FHA|USDA|VA) 2 $70,000 $35,000 $323 4.63%
    CORVALLIS, OR (FHA|USDA|VA) 1 $55,000 $55,000 $247 4.50%
    LONGVIEW, WA (FHA|USDA|VA) 2 $50,000 $25,000 $248 5.00%
    Point West Credit Union's top markets include Portland, Salem, Corvallis, and Longview among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 37 $2,105,000 $56,892 $484 4.49%

    For 2018, Point West Credit Union's most frequently originated type of loan was Conventional, with 37 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Other 14 $640,000 $45,714 $469 4.52%
    Refi 14 $1,060,000 $75,714 $589 4.46%
    Home Improvement 9 $405,000 $45,000 $342 4.50%

    For 2018, Point West Credit Union's most frequently cited loan purpose was Other, with 14 originations. The 2nd most popular reason was Refi, with 14 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    15 Year 27 $1,715,000 $63,519 $505 4.55%
    Other 8 $320,000 $40,000 $474 4.31%
    10 Year 2 $70,000 $35,000 $233 4.50%

    For 2018, Point West Credit Union's most frequently cited loan duration was 15 Year, with 27 originations. The 2nd most popular length was Other, with 8 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 37 $2,105,000 $56,892

    Point West 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 37 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 22 $1,300,000 $59,091
    3-4% 11 $585,000 $53,182
    5-6% 4 $220,000 $55,000

    During 2018, Point West Credit Union's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 4-5%, with 22 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 31 $1,375,000 $44,355 $398 4.52%
    $100k-200k 6 $730,000 $121,667 $924 4.38%

    2018 saw Point West Credit Union place emphasis on $100,000 or less loans with 31 originations, totaling $1,375,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 11 $535,000 $48,636 $477 4.73%
    $150k-250k 8 $550,000 $68,750 $400 4.38%
    $50k-75k 5 $305,000 $61,000 $600 3.90%
    $50k or less 5 $215,000 $43,000 $556 4.50%
    $75k-100k 4 $290,000 $72,500 $464 4.69%
    $250k+ 2 $160,000 $80,000 $662 4.50%

    Point West Credit Union lent most frequently to those with incomes in the $100k-150k range, with 11 originations. The second most popular income band? $150k-250k, with 8 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 8 $290,000 $36,250 $430 4.38%
    <20% 5 $275,000 $55,000 $420 4.05%
    50-60% 4 $350,000 $87,500 $681 4.25%
    20-30% 3 $195,000 $65,000 $660 4.58%
    45% 2 $200,000 $100,000 $674 4.38%
    41% 2 $180,000 $90,000 $1,098 5.25%
    38% 2 $110,000 $55,000 $637 4.88%
    40% 2 $60,000 $30,000 $216 3.75%
    48% 1 $55,000 $55,000 $487 5.75%
    49% 1 $105,000 $105,000 $247 4.75%
    44% 1 $55,000 $55,000 $245 5.50%
    39% 1 $45,000 $45,000 $308 4.00%
    43% 1 $35,000 $35,000 $246 5.25%
    36% 1 $85,000 $85,000 $250 4.50%
    47% 1 $15,000 $15,000 $119 4.50%

    Point West Credit Union lent most frequently to those with DTI ratios of 30-36%, with 8 originations. The next most common DTI ratio? <20%, with 5 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 19 $1,065,000 $56,053 $550 4.42%
    Not provided 10 $640,000 $64,000 $449 4.53%
    Black 5 $205,000 $41,000 $401 4.60%
    Other Asian 2 $110,000 $55,000 $347 4.75%
    Asian 1 $85,000 $85,000 $250 4.50%

    Approval Rates

    Total approvals of all applications
    83.33%

    Point West Credit Union has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    64.86%

    Point West 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 37 $2,105,000 $56,892

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 37 $2,105,000 $56,892

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 2 $210,000 $105,000 $792 4.88%
    40-60% 1 $155,000 $155,000 $1,359 4.25%
    Under 20% 34 $1,740,000 $51,176 $440 4.48%

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    PENTAGON FEDERAL CREDIT UNION Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 2 11.1%
    PENTAGON FEDERAL CREDIT UNION Conventional home mortgage Incorrect information on your report 1 5.6%
    PENTAGON FEDERAL CREDIT UNION Conventional home mortgage Trouble during payment process 3 16.7%
    PENTAGON FEDERAL CREDIT UNION Home equity loan or line of credit (HELOC) Applying for a mortgage or refinancing an existing mortgage 2 11.1%
    PENTAGON FEDERAL CREDIT UNION Home equity loan or line of credit (HELOC) Trouble during payment process 3 16.7%
    PENTAGON FEDERAL CREDIT UNION Other type of mortgage Applying for a mortgage or refinancing an existing mortgage 1 5.6%
    PENTAGON FEDERAL CREDIT UNION Other type of mortgage Closing on a mortgage 1 5.6%
    PENTAGON FEDERAL CREDIT UNION Other type of mortgage Struggling to pay mortgage 2 11.1%
    PENTAGON FEDERAL CREDIT UNION Other type of mortgage Trouble during payment process 2 11.1%
    PENTAGON FEDERAL CREDIT UNION Other type of mortgage Unable to get your credit report or credit score 1 5.6%