Point West Credit Union Mortgage Rates, Fees & Info
Portland, ORLEI: 25490045AQF6IJKP4394
Tax ID: 93-0232289
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Mortgage Data
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, Astoria, Salem, Longview, and Eugene among others. We have data for 5 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 an above average pick rate when compared to similar lenders.
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Originations
40Origination Dollar Volume (All Markets)
$2,400,000Top 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) | 36 | $2,190,000 | $60,833 | $0 | 0.00% |
| Astoria, OR (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 0.00% |
| SALEM, OR (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 0.00% |
| LONGVIEW, WA (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 0.00% |
| EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) | 1 | $15,000 | $15,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 40 | $2,400,000 | $60,000 | $0 | 0.00% |
For 2019, Point West Credit Union's most frequently originated type of loan was Conventional, with 40 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Other | 16 | $990,000 | $61,875 | $0 | 0.00% |
| Refi | 13 | $975,000 | $75,000 | $0 | 0.00% |
| Home Improvement | 11 | $435,000 | $39,545 | $0 | 0.00% |
For 2019, Point West Credit Union's most frequently cited loan purpose was Other, with 16 originations. The 2nd most popular reason was Refi, with 13 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 40 | $2,400,000 | $60,000 | $0 | 0.00% |
For 2019, Point West Credit Union's most frequently cited loan duration was Other, with 40 originations.
Loan Sizing
2019 saw Point West Credit Union place emphasis on $100,000 or less loans with 37 originations, totaling $1,915,000 in origination value.
Applicant Income
Point West Credit Union lent most frequently to those with incomes in the $75k-100k range, with 13 originations. The second most popular income band? $100k-150k, with 11 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 40 | $2,400,000 | $60,000 | $0 | 0.00% |
Point West Credit Union lent most frequently to those with DTI ratios of Exempt%, with 40 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications83.33%
Point West Credit Union has a below average approval rate.
Pick Rate
Approvals leading to origination90.00%
Point West Credit Union has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 40 | $2,400,000 | $60,000 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Site-Built | 40 | $2,400,000 | $60,000 |
Complaints
| Bank Name | Product | Issue | 2019 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| PENTAGON FEDERAL CREDIT UNION | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 2 | 9.5% |
| PENTAGON FEDERAL CREDIT UNION | Conventional home mortgage | Trouble during payment process | 8 | 38.1% |
| PENTAGON FEDERAL CREDIT UNION | Home equity loan or line of credit (HELOC) | Applying for a mortgage or refinancing an existing mortgage | 2 | 9.5% |
| PENTAGON FEDERAL CREDIT UNION | Home equity loan or line of credit (HELOC) | Closing on a mortgage | 2 | 9.5% |
| PENTAGON FEDERAL CREDIT UNION | Home equity loan or line of credit (HELOC) | Struggling to pay mortgage | 1 | 4.8% |
| PENTAGON FEDERAL CREDIT UNION | Home equity loan or line of credit (HELOC) | Trouble during payment process | 2 | 9.5% |
| PENTAGON FEDERAL CREDIT UNION | Other type of mortgage | Trouble during payment process | 3 | 14.3% |
| PENTAGON FEDERAL CREDIT UNION | VA mortgage | Closing on a mortgage | 1 | 4.8% |