Onpoint Community Credit Union Mortgage Rates, Fees & Info
Portland, ORLEI: 2549008LK3474E9U2888
Tax ID: 93-0257765
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Mortgage Data
Review & Overview
Onpoint Community Credit Union is a small credit union specializing in 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 by origination volume include: Portland, Bend, Salem, Eugene, and Roseburg among others. We have data for 33 markets. (Some data included below & more in-depth data is available with an active subscription.)Onpoint Community Credit Union has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Onpoint Community Credit Union 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 relatively high 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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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 7.09% | 4/5/25 |
| 30 Year Conventional Purchase | 6.78% | 4/5/25 |
| 30 Year Conventional Refi | 6.67% | 4/5/25 |
| 30 Year Cash-out Refi | 6.92% | 4/5/25 |
| 30 Year FHA Purchase | 7.10% | 4/5/25 |
| 30 Year FHA Refi | 7.18% | 4/5/25 |
| 30 Year VA Purchase | 6.48% | 4/5/25 |
| 30 Year VA Refi | 6.57% | 4/5/25 |
| 15 Year Conventional Purchase | 6.11% | 4/5/25 |
| 15 Year Conventional Refi | 5.93% | 4/5/25 |
| 15 Year Cash-out Refi | 5.93% | 4/5/25 |
| 15 Year VA Purchase | 5.92% | 4/5/25 |
| These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates. | ||
Onpoint Community Credit Union Mortgage Calculator
Your Estimates
Estimated Loan Payment: Update the calculator values and click calculate payment!
This is not an official calculator from Onpoint Community Credit Union. It uses our SimulatedRate™
technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.
The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
7,152Origination Dollar Volume (All Markets)
$1,402,850,000Awards
OnPoint Community Credit Union - 2024
OnPoint Community Credit Union is a 2024 , due to their low .
For 2024, less than of lenders were eligible for this award.
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Relative Rate
Onpoint Community Credit Union's average 30 year fixed mortgage rate was
8.03%.
The 2024 average 30 year fixed rate mortgage across all markets and lenders was 6.55%.
This yields a difference of 1.48%.
Relative Fees (Closing Costs)
Onpoint Community Credit Union's average total fees/closing costs for a 30 year fixed rate
mortgage were $5,744.
The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including
both points & up-front fees in addition to origination fees) were $8,356.
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) | 5,937 | $1,147,955,000 | $193,356 | $5,609 | 8.01% |
| BEND, OR (FHA|USDA|VA) | 405 | $90,765,000 | $224,111 | $6,268 | 8.00% |
| SALEM, OR (FHA|USDA|VA) | 302 | $51,310,000 | $169,901 | $5,259 | 8.02% |
| EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) | 154 | $28,810,000 | $187,078 | $4,895 | 7.91% |
| Outside of Metro Areas | 82 | $17,320,000 | $211,220 | $5,694 | 7.79% |
| Roseburg, OR (FHA|USDA|VA) | 9 | $9,775,000 | $1,086,111 | $2,821 | 8.07% |
| ALBANY-LEBANON, OR (FHA|USDA|VA) | 43 | $6,425,000 | $149,419 | $6,593 | 8.28% |
| CORVALLIS, OR (FHA|USDA|VA) | 27 | $6,195,000 | $229,444 | $5,603 | 7.88% |
| Newport, OR (FHA|USDA|VA) | 26 | $6,170,000 | $237,308 | $7,110 | 7.58% |
| Astoria, OR (FHA|USDA|VA) | 25 | $5,235,000 | $209,400 | $6,135 | 8.03% |
| Prineville, OR (FHA|USDA|VA) | 23 | $5,205,000 | $226,304 | $6,827 | 7.95% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 10 | $4,870,000 | $487,000 | $5,417 | 6.68% |
| Hood River, OR (FHA|USDA|VA) | 14 | $3,920,000 | $280,000 | $9,152 | 7.46% |
| LONGVIEW, WA (FHA|USDA|VA) | 19 | $3,275,000 | $172,368 | $6,756 | 7.67% |
| MEDFORD, OR (FHA|USDA|VA) | 15 | $3,005,000 | $200,333 | $5,693 | 7.87% |
| The Dalles, OR (FHA|USDA|VA) | 13 | $2,505,000 | $192,692 | $11,035 | 7.90% |
| Klamath Falls, OR (FHA|USDA|VA) | 10 | $1,330,000 | $133,000 | $4,520 | 8.48% |
| Ellensburg, WA (FHA|USDA|VA) | 2 | $1,200,000 | $600,000 | $8,030 | 6.63% |
| La Grande, OR (FHA|USDA|VA) | 5 | $945,000 | $189,000 | $2,848 | 6.98% |
| Centralia, WA (FHA|USDA|VA) | 3 | $905,000 | $301,667 | $7,935 | 7.04% |
| KENNEWICK-RICHLAND, WA (FHA|USDA|VA) | 4 | $780,000 | $195,000 | $2,474 | 7.34% |
| Hermiston-Pendleton, OR (FHA|USDA|VA) | 6 | $710,000 | $118,333 | $3,586 | 8.13% |
| MOUNT VERNON-ANACORTES, WA (FHA|USDA|VA) | 3 | $625,000 | $208,333 | $2,374 | 7.25% |
| BELLINGHAM, WA (FHA|USDA|VA) | 1 | $605,000 | $605,000 | $8,502 | 6.88% |
| Moses Lake, WA (FHA|USDA|VA) | 1 | $605,000 | $605,000 | $2,572 | 6.50% |
| GRANTS PASS, OR (FHA|USDA|VA) | 4 | $580,000 | $145,000 | $0 | 8.69% |
| OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $2,235 | 6.63% |
| SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $10,455 | 6.63% |
| Coos Bay, OR (FHA|USDA|VA) | 2 | $280,000 | $140,000 | $0 | 8.38% |
| Ontario, OR-ID (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $0 | 7.75% |
| WALLA WALLA, WA (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $0 | 8.00% |
| BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) | 2 | $220,000 | $110,000 | $4,816 | 7.50% |
| Port Angeles, WA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $3,052 | 5.75% |
Similar Lenders
We use machine learning to identify the top lenders compared against OnPoint Community Credit Union based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
For 2024, Onpoint Community Credit Union's most frequently originated type of loan was HELOC, with 5,148 originations. Their 2nd most popular type was Conventional, with 1,867 originations.
Loan Reason
For 2024, Onpoint Community Credit Union's most frequently cited loan purpose was Home Improvement, with 2,523 originations. The 2nd most popular reason was Home Purchase, with 1,884 originations.
Loan Duration/Length
For 2024, Onpoint Community Credit Union's most frequently cited loan duration was 30 Year, with 7,023 originations. The 2nd most popular length was 15 Year, with 76 originations.
Origination Fees/Closing Costs
Onpoint Community Credit Union's average total fees were $5,744, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 1,036 originations.
Interest Rates
During 2024, Onpoint Community Credit Union's average interest rate for loans was 8.03%, while their most frequently originated rate bucket for loans was Over 8%, with 4,316 originations.
Loan Sizing
2024 saw Onpoint Community Credit Union place emphasis on $100,000 or less loans with 2,974 originations, totaling $161,290,000 in origination value.
Applicant Income
Onpoint Community Credit Union lent most frequently to those with incomes in the $100k-150k range, with 2,170 originations. The second most popular income band? $150k-250k, with 1,990 originations.
Applicant Debt to Income Ratio
Onpoint Community Credit Union lent most frequently to those with DTI ratios of 20-30%, with 1,216 originations. The next most common DTI ratio? 30-36%, with 1,006 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications82.63%
Onpoint Community Credit Union has a below average approval rate.
Pick Rate
Approvals leading to origination80.17%
Onpoint Community Credit Union has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 7,152 | $1,402,850,000 | $196,148 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| 7,152 | $1,402,850,000 | $196,148 |