Point West Credit Union Mortgage Rates, Fees & Info

Portland, OR

LEI: 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

40

Origination Dollar Volume (All Markets)

$2,400,000

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) 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%
Point West Credit Union's top markets include Portland, Astoria, Salem, Longview, and Eugene 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 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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 37 $1,915,000 $51,757 $0 0.00%
    $100k-200k 2 $280,000 $140,000 $0 0.00%
    $200k-400k 1 $205,000 $205,000 $0 0.00%

    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

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $75k-100k 13 $645,000 $49,615 $0 0.00%
    $100k-150k 11 $745,000 $67,727 $0 0.00%
    $150k-250k 6 $370,000 $61,667 $0 0.00%
    $50k-75k 6 $470,000 $78,333 $0 0.00%
    $50k or less 3 $125,000 $41,667 $0 0.00%
    $250k+ 1 $45,000 $45,000 $0 0.00%

    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

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 29 $1,575,000 $54,310 $0 0.00%
    Not provided 7 $515,000 $73,571 $0 0.00%
    Black 1 $125,000 $125,000 $0 0.00%
    Asian 1 $85,000 $85,000 $0 0.00%
    Other Asian 1 $55,000 $55,000 $0 0.00%
    American Indian 1 $45,000 $45,000 $0 0.00%

    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
    90.00%

    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%