Kaiprm Nwfcu Mortgage Rates, Fees & Info

Portland, OR

LEI: 2549007J4YBSVYO3WC19

Tax ID: 93-0601164

Latest/2024 | 2023 Data | 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
  • 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

    Kaiprm Nwfcu is a smaller credit union specializing in Cash Out Refi and Refi loans. Kaiprm Nwfcu has a high proportion of conventional loans. Their top two markets are Portland and Salem .

    Kaiprm Nwfcu has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders. Kaiprm Nwfcu is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

    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

    25

    Origination Dollar Volume (All Markets)

    $4,855,000

    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) 22 $4,370,000 $198,636 $2,702 4.45%
    SALEM, OR (FHA|USDA|VA) 2 $270,000 $135,000 $2,438 3.63%
    Outside of Metro Areas 1 $215,000 $215,000 $3,052 3.25%
    Kaiprm Nwfcu's top markets include Portland and Salem 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 25 $4,855,000 $194,200 $2,694 4.34%

    For 2018, Kaiprm Nwfcu's most frequently originated type of loan was Conventional, with 25 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 12 $2,130,000 $177,500 $2,692 4.20%
    Refi 8 $1,830,000 $228,750 $3,581 3.83%
    Home Improvement 3 $275,000 $91,667 $1,055 5.13%
    Home Purchase 2 $620,000 $310,000 $1,625 6.00%

    For 2018, Kaiprm Nwfcu's most frequently cited loan purpose was Cash Out Refi, with 12 originations. The 2nd most popular reason was Refi, with 8 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    15 Year 14 $2,640,000 $188,571 $2,892 4.13%
    30 Year 7 $1,995,000 $285,000 $3,465 4.63%
    10 Year 4 $220,000 $55,000 $655 4.56%

    For 2018, Kaiprm Nwfcu's most frequently cited loan duration was 15 Year, with 14 originations. The 2nd most popular length was 30 Year, with 7 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 10 $1,180,000 $118,000
    $1k-2k 6 $1,090,000 $181,667
    $2k-3k 5 $1,205,000 $241,000
    $3k-4k 3 $945,000 $315,000
    $4k-5k 1 $435,000 $435,000

    Kaiprm Nwfcu's average total fees were $3,465, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 10 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 16 $2,610,000 $163,125
    4-5% 4 $1,190,000 $297,500
    5-6% 3 $895,000 $298,333
    6-7% 1 $75,000 $75,000
    Over 8% 1 $85,000 $85,000

    During 2018, Kaiprm Nwfcu's average interest rate for loans was 4.63%, while their most frequently originated rate bucket for loans was 3-4%, with 16 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 8 $560,000 $70,000 $912 4.80%
    $100k-200k 8 $1,450,000 $181,250 $2,758 4.08%
    $200k-400k 7 $1,965,000 $280,714 $4,265 3.89%
    $400k-600k 2 $880,000 $440,000 $4,076 5.06%

    2018 saw Kaiprm Nwfcu place emphasis on $100,000 or less loans with 8 originations, totaling $560,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $75k-100k 7 $1,355,000 $193,571 $3,143 3.91%
    $150k-250k 6 $1,090,000 $181,667 $2,152 5.21%
    $100k-150k 4 $1,200,000 $300,000 $3,644 4.25%
    $50k-75k 4 $470,000 $117,500 $1,948 3.81%
    $50k or less 3 $355,000 $118,333 $1,357 4.54%
    $250k+ 1 $385,000 $385,000 $6,014 3.88%

    Kaiprm Nwfcu lent most frequently to those with incomes in the $75k-100k range, with 7 originations. The second most popular income band? $150k-250k, with 6 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 11 $2,345,000 $213,182 $2,690 4.45%
    30-36% 7 $1,685,000 $240,714 $3,723 4.14%
    <20% 4 $250,000 $62,500 $1,088 3.97%
    37% 2 $400,000 $200,000 $3,270 4.25%
    42% 1 $175,000 $175,000 $822 6.00%

    Kaiprm Nwfcu lent most frequently to those with DTI ratios of 20-30%, with 11 originations. The next most common DTI ratio? 30-36%, with 7 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not provided 12 $2,260,000 $188,333 $2,871 4.17%
    White 9 $1,865,000 $207,222 $2,406 4.96%
    Asian 4 $730,000 $182,500 $2,815 3.44%

    Approval Rates

    Total approvals of all applications
    100.00%

    Kaiprm Nwfcu has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    96.00%

    Kaiprm Nwfcu has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 25 $4,855,000 $194,200

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 25 $4,855,000 $194,200

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 7 $785,000 $112,143 $1,439 4.13%
    40-60% 3 $475,000 $158,333 $2,723 3.92%
    60-80% 12 $3,410,000 $284,167 $4,023 4.05%
    Under 20% 3 $185,000 $61,667 $282 6.38%