Kaiprm Nwfcu Mortgage Rates, Fees & Info
Portland, ORLEI: 2549007J4YBSVYO3WC19
Tax ID: 93-0601164
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Mortgage Data
Review & Overview
Kaiprm Nwfcu is a smaller credit union specializing in Refi and Cash Out 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 a below 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.
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Originations
24Origination Dollar Volume (All Markets)
$5,640,000Top 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) | 21 | $4,925,000 | $234,524 | $4,934 | 3.57% |
| SALEM, OR (FHA|USDA|VA) | 3 | $715,000 | $238,333 | $4,140 | 3.75% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 24 | $5,640,000 | $235,000 | $4,835 | 3.59% |
For 2019, Kaiprm Nwfcu's most frequently originated type of loan was Conventional, with 24 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Refi | 16 | $4,200,000 | $262,500 | $5,812 | 3.45% |
| Cash Out Refi | 8 | $1,440,000 | $180,000 | $2,880 | 3.88% |
For 2019, Kaiprm Nwfcu's most frequently cited loan purpose was Refi, with 16 originations. The 2nd most popular reason was Cash Out Refi, with 8 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 15 Year | 21 | $4,955,000 | $235,952 | $4,965 | 3.60% |
| 30 Year | 3 | $685,000 | $228,333 | $3,920 | 3.54% |
For 2019, Kaiprm Nwfcu's most frequently cited loan duration was 15 Year, with 21 originations. The 2nd most popular length was 30 Year, with 3 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 18 | $4,550,000 | $252,778 |
| 4-5% | 5 | $875,000 | $175,000 |
| 2.5-3% | 1 | $215,000 | $215,000 |
During 2019, Kaiprm Nwfcu's average interest rate for loans was 3.54%, while their most frequently originated rate bucket for loans was 3-4%, with 18 originations.
Loan Sizing
2019 saw Kaiprm Nwfcu place emphasis on $100k-200k loans with 11 originations, totaling $1,655,000 in origination value.
Applicant Income
Kaiprm Nwfcu lent most frequently to those with incomes in the $50k-75k range, with 6 originations. The second most popular income band? $100k-150k, with 5 originations.
Applicant Debt to Income Ratio
Kaiprm Nwfcu lent most frequently to those with DTI ratios of 30-36%, with 7 originations. The next most common DTI ratio? 20-30%, with 6 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications100.00%
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 origination87.50%
Kaiprm Nwfcu has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 24 | $5,640,000 | $235,000 |