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 Home Improvement loans. Point West Credit Union has a high proportion of conventional loans. Their top (well, only) market is Portland.Point West 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.
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Originations
16Origination Dollar Volume (All Markets)
$1,020,000Top 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) | 16 | $1,020,000 | $63,750 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 16 | $1,020,000 | $63,750 | $0 | 0.00% |
For 2020, Point West Credit Union's most frequently originated type of loan was Conventional, with 16 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Other | 9 | $455,000 | $50,556 | $0 | 0.00% |
| Home Improvement | 5 | $455,000 | $91,000 | $0 | 0.00% |
| Refi | 2 | $110,000 | $55,000 | $0 | 0.00% |
For 2020, Point West Credit Union's most frequently cited loan purpose was Other, with 9 originations. The 2nd most popular reason was Home Improvement, with 5 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 16 | $1,020,000 | $63,750 | $0 | 0.00% |
For 2020, Point West Credit Union's most frequently cited loan duration was Other, with 16 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $100,000 or less | 14 | $740,000 | $52,857 | $0 | 0.00% |
| $100k-200k | 2 | $280,000 | $140,000 | $0 | 0.00% |
2020 saw Point West Credit Union place emphasis on $100,000 or less loans with 14 originations, totaling $740,000 in origination value.
Applicant Income
Point West Credit Union lent most frequently to those with incomes in the $50k-75k range, with 7 originations. The second most popular income band? $100k-150k, with 5 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 16 | $1,020,000 | $63,750 | $0 | 0.00% |
Point West Credit Union lent most frequently to those with DTI ratios of Exempt%, with 16 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Not provided | 9 | $675,000 | $75,000 | $0 | 0.00% |
| White | 6 | $300,000 | $50,000 | $0 | 0.00% |
| Black | 1 | $45,000 | $45,000 | $0 | 0.00% |
Approval Rates
Total approvals of all applications62.50%
Point West Credit Union has a low approval rate. They may have poor market targeting or stringent lending standards.
Pick Rate
Approvals leading to origination50.00%
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 |
|---|---|---|---|
| Exempt | 16 | $1,020,000 | $63,750 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Site-Built | 16 | $1,020,000 | $63,750 |
Complaints
| Bank Name | Product | Issue | 2020 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| PENTAGON FEDERAL CREDIT UNION | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 34 | 23.1% |
| PENTAGON FEDERAL CREDIT UNION | Conventional home mortgage | Closing on a mortgage | 16 | 10.9% |
| PENTAGON FEDERAL CREDIT UNION | Conventional home mortgage | Incorrect information on your report | 2 | 1.4% |
| PENTAGON FEDERAL CREDIT UNION | Conventional home mortgage | Struggling to pay mortgage | 2 | 1.4% |
| PENTAGON FEDERAL CREDIT UNION | Conventional home mortgage | Trouble during payment process | 36 | 24.5% |
| PENTAGON FEDERAL CREDIT UNION | Home equity loan or line of credit (HELOC) | Applying for a mortgage or refinancing an existing mortgage | 9 | 6.1% |
| PENTAGON FEDERAL CREDIT UNION | Home equity loan or line of credit (HELOC) | Closing on a mortgage | 4 | 2.7% |
| PENTAGON FEDERAL CREDIT UNION | Home equity loan or line of credit (HELOC) | Struggling to pay mortgage | 1 | 0.7% |
| PENTAGON FEDERAL CREDIT UNION | Home equity loan or line of credit (HELOC) | Trouble during payment process | 20 | 13.6% |
| PENTAGON FEDERAL CREDIT UNION | Other type of mortgage | Applying for a mortgage or refinancing an existing mortgage | 3 | 2.0% |
| PENTAGON FEDERAL CREDIT UNION | Other type of mortgage | Trouble during payment process | 3 | 2.0% |
| PENTAGON FEDERAL CREDIT UNION | VA mortgage | Applying for a mortgage or refinancing an existing mortgage | 8 | 5.4% |
| PENTAGON FEDERAL CREDIT UNION | VA mortgage | Closing on a mortgage | 7 | 4.8% |
| PENTAGON FEDERAL CREDIT UNION | VA mortgage | Struggling to pay mortgage | 1 | 0.7% |
| PENTAGON FEDERAL CREDIT UNION | VA mortgage | Trouble during payment process | 1 | 0.7% |