Onpoint Community Credit Union Mortgage Rates, Fees & Info

Portland, OR

LEI: 2549008LK3474E9U2888

Tax ID: 93-0257765

5 stars - out of 5 stars, based on 109 reviews

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

Onpoint Community Credit Union is a small credit union specializing in Refi and Home Purchase loans. Onpoint Community Credit Union has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets include Portland, Bend, Salem, Eugene, and Astoria among others. Onpoint Community Credit Union has an average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. Onpoint Community Credit Union is typically an average fee lendor.


Originations

11,971

Origination Dollar Volume (All Markets)

$2,957,595,000
Show all (10) awards

Relative Rate

Onpoint Community Credit Union's average 30 year fixed rate mortgage of loans were 3.22%.

The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.

This yields a difference of 0.07%.

Relative Fees

Onpoint Community Credit Union's average total fees for a 30 year fixed rate mortgage are $3,834.

The average total origination fees for 30 year fixed rate mortgages (for all loan values, including both points & up-front fees in addition to origination fees) are $4,750.

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 10,157 $2,511,255,000 $247,244 $3,577 3.12%
BEND, OR (FHA|USDA|VA) 785 $192,255,000 $244,911 $3,764 3.14%
SALEM, OR (FHA|USDA|VA) 398 $96,970,000 $243,643 $3,895 3.15%
EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) 140 $30,060,000 $214,714 $4,226 3.25%
Outside of Metro Areas 110 $23,380,000 $212,545 $3,633 3.02%
Astoria, OR (FHA|USDA|VA) 49 $14,755,000 $301,122 $4,751 3.07%
Prineville, OR (FHA|USDA|VA) 39 $13,005,000 $333,462 $3,853 3.26%
ALBANY-LEBANON, OR (FHA|USDA|VA) 48 $11,590,000 $241,458 $4,050 3.05%
Newport, OR (FHA|USDA|VA) 46 $10,510,000 $228,478 $3,686 3.14%
LONGVIEW, WA (FHA|USDA|VA) 32 $9,120,000 $285,000 $2,800 3.32%
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 26 $8,230,000 $316,538 $3,092 3.05%
CORVALLIS, OR (FHA|USDA|VA) 28 $7,150,000 $255,357 $3,354 3.09%
Hood River, OR (FHA|USDA|VA) 17 $5,735,000 $337,353 $5,316 3.25%
OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) 8 $3,330,000 $416,250 $3,352 3.09%
The Dalles, OR (FHA|USDA|VA) 13 $2,935,000 $225,769 $4,302 2.99%
MEDFORD, OR (FHA|USDA|VA) 11 $2,625,000 $238,636 $3,804 2.93%
Klamath Falls, OR (FHA|USDA|VA) 9 $2,545,000 $282,778 $4,882 3.04%
SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) 5 $1,585,000 $317,000 $3,601 3.00%
WENATCHEE, WA (FHA|USDA|VA) 3 $1,125,000 $375,000 $2,824 2.71%
Hermiston-Pendleton, OR (FHA|USDA|VA) 6 $1,000,000 $166,667 $3,379 2.88%
Centralia, WA (FHA|USDA|VA) 4 $930,000 $232,500 $2,223 2.91%
Roseburg, OR (FHA|USDA|VA) 6 $880,000 $146,667 $3,898 2.98%
Shelton, WA (FHA|USDA|VA) 4 $830,000 $207,500 $6,445 3.13%
La Grande, OR (FHA|USDA|VA) 5 $805,000 $161,000 $3,634 3.35%
Coos Bay, OR (FHA|USDA|VA) 4 $750,000 $187,500 $2,939 3.00%
GRANTS PASS, OR (FHA|USDA|VA) 4 $720,000 $180,000 $4,774 3.56%
Brookings, OR (FHA|USDA|VA) 2 $660,000 $330,000 $3,300 2.81%
KENNEWICK-RICHLAND, WA (FHA|USDA|VA) 3 $625,000 $208,333 $3,185 2.75%
WALLA WALLA, WA (FHA|USDA|VA) 3 $545,000 $181,667 $4,048 3.54%
YAKIMA, WA (FHA|USDA|VA) 1 $415,000 $415,000 $2,654 2.88%
BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) 2 $410,000 $205,000 $2,597 2.75%
Moses Lake, WA (FHA|USDA|VA) 1 $355,000 $355,000 $3,606 4.38%
Aberdeen, WA (FHA|USDA|VA) 1 $355,000 $355,000 $3,048 3.38%
BELLINGHAM, WA (FHA|USDA|VA) 1 $155,000 $155,000 $3,119 3.38%

Onpoint Community Credit Union's top markets include Portland, Bend, Salem, Eugene, and Astoria among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 11,878 $2,923,370,000 $246,116 $3,543 3.13%
FHA 67 $24,965,000 $372,612 $10,464 3.05%
VA 26 $9,260,000 $356,154 $8,264 2.91%

For the 2021 period, Onpoint Community Credit Union's most frequently originated loan type of loans were Conventional, with 11,878 originations. Their 2nd most popular type is FHA, with 67 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Refi 5,138 $1,370,070,000 $266,654 $3,099 2.95%
Home Improvement 3,302 $482,980,000 $146,269 $3,239 3.33%
Home Purchase 2,676 $1,025,730,000 $383,307 $4,708 3.09%
Other 847 $73,725,000 $87,043 $0 3.49%
Cash Out Refi 8 $5,090,000 $636,250 $0 3.91%

For the 2021, Onpoint Community Credit Union's most frequently cited loan purpose of loans were Refi, with 5,138 originations. The 2nd most popular reason of loans were Home Improvement, with 3,302 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 10,196 $2,508,030,000 $245,982 $3,834 3.22%
15 Year 1,293 $313,625,000 $242,556 $2,820 2.46%
20 Year 368 $97,800,000 $265,761 $3,042 2.89%
10 Year 98 $25,640,000 $261,633 $2,241 2.58%
5 Year 8 $6,210,000 $776,250 $0 3.36%
Other 4 $4,580,000 $1,145,000 $0 3.63%
3 Year 3 $1,615,000 $538,333 $0 3.92%
1 Year 1 $95,000 $95,000 $0 5.25%

For the 2021, Onpoint Community Credit Union's most frequently cited loan length of loans were 30 Year, with 10,196 originations. The 2nd most popular length of loans were 15 Year, with 1,293 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$<1k 5,076 $1,571,060,000 $309,507
$1k-2k 1,615 $516,085,000 $319,557
$2k-3k 641 $235,755,000 $367,793
$3k-4k 398 $156,430,000 $393,040
$5k+ 179 $77,905,000 $435,223

$3,834 of loans were Onpoint Community Credit Union's average total fees, while their most frequently occuring range of origination fees were in the $<1k bucket, with 5,076 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
3-4% 6,194 $1,270,910,000 $205,184
2.5-3% 4,076 $1,332,470,000 $326,906
<2.5% 1,142 $266,040,000 $232,960
4-5% 282 $79,610,000 $282,305
5-6% 277 $8,565,000 $30,921

During 2021, Onpoint Community Credit Union's average interest rate of loans were 3.22%, while their most frequently originated rate bucket of loans were 3-4%, with 6,194 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$200k-400k 4,802 $1,400,330,000 $291,614 $3,434 3.01%
$100,000 or less 2,586 $131,350,000 $50,793 $2,030 3.48%
$100k-200k 2,490 $360,580,000 $144,811 $2,498 3.03%
$400k-600k 1,789 $843,245,000 $471,350 $4,604 3.06%
$600k-1MM 289 $203,595,000 $704,481 $6,202 3.09%
$1MM+ 15 $18,495,000 $1,233,000 $10,087 3.33%

2021 saw Onpoint Community Credit Union place emphasis on $200k-400k loans with 4,802 originations, totaling $1,400,330,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$100k-150k 3,339 $864,575,000 $258,932 $3,771 3.16%
$75k-100k 2,516 $604,220,000 $240,151 $3,458 3.11%
$50k-75k 2,404 $516,560,000 $214,875 $3,316 3.09%
$150k-250k 2,136 $607,970,000 $284,630 $4,116 3.16%
$50k or less 905 $141,845,000 $156,735 $2,847 3.06%
$250k+ 574 $190,740,000 $332,300 $4,734 3.16%

Onpoint Community Credit Union lent most frequently to those with incomes in the $100k-150k range, with 3,339 originations. The second most popular income band? $75k-100k, with 2,516 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
20-30% 2,803 $681,445,000 $243,113 $3,380 3.05%
30-36% 2,267 $580,585,000 $256,103 $3,589 3.15%
<20% 1,043 $233,975,000 $224,329 $3,111 2.96%
50-60% 504 $72,140,000 $143,135 $5,397 3.35%
42% 425 $119,555,000 $281,306 $3,921 3.19%
40% 407 $110,835,000 $272,322 $4,046 3.14%
36% 404 $104,050,000 $257,550 $3,646 3.12%
37% 399 $107,685,000 $269,887 $3,615 3.13%
43% 392 $101,910,000 $259,974 $3,731 3.11%
44% 385 $95,755,000 $248,714 $3,748 3.14%
41% 376 $106,430,000 $283,059 $4,246 3.19%
39% 373 $102,155,000 $273,874 $3,825 3.19%
38% 369 $98,095,000 $265,840 $3,988 3.18%
49% 321 $75,015,000 $233,692 $3,868 3.14%
45% 318 $82,660,000 $259,937 $3,722 3.18%
47% 297 $71,075,000 $239,310 $3,835 3.18%
48% 288 $68,530,000 $237,951 $3,566 3.19%
>60% 281 $52,715,000 $187,598 $3,106 3.30%
46% 279 $66,365,000 $237,867 $3,758 3.14%

Onpoint Community Credit Union lent most frequently to those with DTI ratios of 20-30%, with 2,803 originations. The next most common DTI ratio? 30-36%, with 2,267 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 9,362 $2,277,930,000 $243,317 $3,588 3.12%
Not provided 1,306 $321,320,000 $246,034 $3,608 3.14%
Asian 845 $216,825,000 $256,598 $3,733 3.11%
Black 206 $57,470,000 $278,981 $3,862 3.20%
American Indian 121 $32,245,000 $266,488 $4,174 3.13%
Not applicable 36 $23,970,000 $665,833 $0 3.70%
Native Hawaiian 38 $9,850,000 $259,211 $3,614 3.33%
Other Asian 16 $4,150,000 $259,375 $4,424 2.91%
Asian Indian 9 $3,775,000 $419,444 $4,021 3.07%
Filipino 11 $3,185,000 $289,545 $4,001 3.14%
Vietnamese 7 $2,635,000 $376,429 $4,066 3.04%
Chinese 3 $1,015,000 $338,333 $2,852 3.04%
Other Pacific Islander 4 $1,010,000 $252,500 $3,534 2.97%
Native Hawiian 2 $1,000,000 $500,000 $5,707 3.81%
Korean 2 $610,000 $305,000 $2,902 3.13%
Guamanian 1 $375,000 $375,000 $3,428 4.00%
Japanese 2 $230,000 $115,000 $0 3.25%

Approval Rates

Total approvals of all applications
89.23%

Onpoint Community Credit Union has an average approval rate.

Pick Rate

Approvals leading to origination
85.83%

Onpoint Community Credit Union has an average pick rate.

Points and Fees

Points Originations Total Value Average Loan
NA 11,971 $2,957,595,000 $247,063

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
11,971 $2,957,595,000 $247,063

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 2,052 $340,310,000 $165,843 $2,596 3.02%
40-60% 2,501 $672,475,000 $268,882 $2,980 2.91%
60-80% 2,879 $1,044,285,000 $362,725 $3,819 3.06%
80-100% 1,809 $738,685,000 $408,339 $4,704 3.13%
Over 100% 5 $2,045,000 $409,000 $15,345 3.10%
Under 20% 2,725 $159,795,000 $58,640 $2,074 3.48%