Onpoint Community Credit Union Mortgage Rates, Fees & Info

Portland, OR

LEI: 2549008LK3474E9U2888

Tax ID: 93-0257765

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Mortgage Data

Review & Overview

Onpoint Community Credit Union is a smaller credit union specializing in Home Improvement, Home Purchase, and Refi 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 Prineville among others. We have data for 29 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 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.

Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

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SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
Home Equity Line of Credit (HELOC) 5.96% 3/28/24
30 Year Conventional Purchase 6.55% 3/28/24
30 Year Conventional Refi 6.41% 3/28/24
30 Year Cash-out Refi 6.53% 3/28/24
30 Year FHA Purchase 7.33% 3/28/24
30 Year FHA Refi 6.89% 3/28/24
30 Year VA Purchase 6.36% 3/28/24
15 Year Conventional Purchase 5.96% 3/28/24
15 Year Conventional Refi 5.74% 3/28/24
15 Year Cash-out Refi 5.74% 3/28/24
15 Year VA Purchase 5.63% 3/28/24
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

5,665

Origination Dollar Volume (All Markets)

$862,905,000
Show all (5) awards

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) 4,943 $743,865,000 $150,489 $4,175 4.93%
BEND, OR (FHA|USDA|VA) 366 $59,140,000 $161,585 $4,337 4.83%
SALEM, OR (FHA|USDA|VA) 115 $20,035,000 $174,217 $4,030 4.98%
Outside of Metro Areas 52 $8,780,000 $168,846 $3,654 4.81%
EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) 69 $8,065,000 $116,884 $3,633 5.23%
Prineville, OR (FHA|USDA|VA) 20 $3,530,000 $176,500 $3,946 4.92%
Astoria, OR (FHA|USDA|VA) 14 $2,680,000 $191,429 $5,180 4.81%
Newport, OR (FHA|USDA|VA) 13 $2,455,000 $188,846 $3,967 4.83%
CORVALLIS, OR (FHA|USDA|VA) 10 $2,190,000 $219,000 $5,757 4.75%
ALBANY-LEBANON, OR (FHA|USDA|VA) 10 $1,400,000 $140,000 $3,252 4.85%
Hood River, OR (FHA|USDA|VA) 7 $1,365,000 $195,000 $2,427 4.81%
MEDFORD, OR (FHA|USDA|VA) 5 $1,225,000 $245,000 $4,020 4.98%
Klamath Falls, OR (FHA|USDA|VA) 6 $1,220,000 $203,333 $8,467 4.71%
LONGVIEW, WA (FHA|USDA|VA) 6 $1,120,000 $186,667 $2,816 4.96%
The Dalles, OR (FHA|USDA|VA) 7 $945,000 $135,000 $4,027 5.63%
OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) 3 $765,000 $255,000 $3,292 4.67%
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 3 $575,000 $191,667 $3,332 4.92%
GRANTS PASS, OR (FHA|USDA|VA) 2 $570,000 $285,000 $3,936 4.56%
Port Angeles, WA (FHA|USDA|VA) 2 $430,000 $215,000 $2,869 5.13%
Shelton, WA (FHA|USDA|VA) 2 $430,000 $215,000 $4,236 4.69%
KENNEWICK-RICHLAND, WA (FHA|USDA|VA) 2 $370,000 $185,000 $3,405 5.06%
WENATCHEE, WA (FHA|USDA|VA) 1 $335,000 $335,000 $0 4.25%
Centralia, WA (FHA|USDA|VA) 1 $325,000 $325,000 $2,324 4.13%
Brookings, OR (FHA|USDA|VA) 1 $305,000 $305,000 $3,376 4.63%
MOUNT VERNON-ANACORTES, WA (FHA|USDA|VA) 1 $245,000 $245,000 $2,023 4.00%
La Grande, OR (FHA|USDA|VA) 1 $175,000 $175,000 $3,104 5.13%
Roseburg, OR (FHA|USDA|VA) 1 $165,000 $165,000 $2,147 4.50%
Aberdeen, WA (FHA|USDA|VA) 1 $165,000 $165,000 $5,580 4.63%
SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) 1 $35,000 $35,000 $0 5.00%
Onpoint Community Credit Union's top markets include Portland, Bend, Salem, Eugene, and Prineville among others.

Their top states include:
  • Oregon (FHA|USDA|VA)
  • (FHA|USDA|VA)
  • Washington (FHA|USDA|VA)
  • 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.

    CENTRAL WILLAMETTE Credit Union
    Similarity Rank: 192
    SELCO COMMUNITY
    Similarity Rank: 221
    Sno Falls Credit Union
    Similarity Rank: 309
    ROGUE
    Similarity Rank: 320
    Bank of the Pacific
    Similarity Rank: 420
    MYCUMORTGAGE, LLC
    Similarity Rank: 552

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    HELOC 3,489 $235,235,000 $67,422 n/a 5.05%
    Conventional 2,094 $602,350,000 $287,655 $3,994 4.73%
    FHA 57 $17,875,000 $313,596 $9,258 4.63%
    VA 25 $7,445,000 $297,800 $6,469 4.67%

    For 2018, Onpoint Community Credit Union's most frequently originated type of loan was HELOC, with 3,489 originations. Their 2nd most popular type was Conventional, with 2,094 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 2,296 $186,660,000 $81,298 $3,541 5.01%
    Home Purchase 1,390 $405,810,000 $291,950 $4,487 4.78%
    Refi 1,006 $210,870,000 $209,612 $3,772 4.73%
    Other 960 $55,880,000 $58,208 $0 5.14%
    Cash Out Refi 13 $3,685,000 $283,462 $2,876 4.99%

    For 2018, Onpoint Community Credit Union's most frequently cited loan purpose was Home Improvement, with 2,296 originations. The 2nd most popular reason was Home Purchase, with 1,390 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 5,413 $800,715,000 $147,924 $4,247 4.95%
    15 Year 168 $41,850,000 $249,107 $3,415 4.21%
    20 Year 58 $12,420,000 $214,138 $3,530 4.58%
    10 Year 18 $5,700,000 $316,667 $3,211 4.97%
    5 Year 4 $1,320,000 $330,000 $0 5.28%
    3 Year 3 $595,000 $198,333 $0 6.00%
    Other 1 $305,000 $305,000 $0 5.15%

    For 2018, Onpoint Community Credit Union's most frequently cited loan duration was 30 Year, with 5,413 originations. The 2nd most popular length was 15 Year, with 168 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 1,193 $311,775,000 $261,337
    $1k-2k 613 $177,575,000 $289,682
    $2k-3k 210 $71,450,000 $340,238
    $3k-4k 76 $26,090,000 $343,289
    $5k+ 37 $16,585,000 $448,243
    $4k-5k 29 $10,785,000 $371,897

    Onpoint Community Credit Union's average total fees were $4,247, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 1,193 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 4,052 $653,220,000 $161,209
    5-6% 1,083 $143,125,000 $132,156
    6-7% 303 $17,895,000 $59,059
    3-4% 172 $46,950,000 $272,965
    7-8% 55 $1,715,000 $31,182

    During 2018, Onpoint Community Credit Union's average interest rate for loans was 4.95%, while their most frequently originated rate bucket for loans was 4-5%, with 4,052 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 2,767 $126,605,000 $45,755 $2,573 5.09%
    $200k-400k 1,517 $438,285,000 $288,916 $4,232 4.78%
    $100k-200k 1,087 $150,065,000 $138,054 $3,194 4.80%
    $400k-600k 258 $117,880,000 $456,899 $5,456 4.71%
    $600k-1MM 33 $22,505,000 $681,970 $7,501 4.61%
    $1MM+ 3 $7,565,000 $2,521,667 $18,164 3.79%

    2018 saw Onpoint Community Credit Union place emphasis on $100,000 or less loans with 2,767 originations, totaling $126,605,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 1,461 $236,935,000 $162,173 $4,450 4.98%
    $50k-75k 1,299 $169,225,000 $130,273 $3,713 4.89%
    $75k-100k 1,284 $193,890,000 $151,005 $4,148 4.96%
    $150k-250k 797 $144,955,000 $181,876 $4,816 4.95%
    $50k or less 581 $60,205,000 $103,623 $3,474 4.80%
    $250k+ 185 $42,065,000 $227,378 $5,781 4.96%

    Onpoint Community Credit Union lent most frequently to those with incomes in the $100k-150k range, with 1,461 originations. The second most popular income band? $50k-75k, with 1,299 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 989 $145,035,000 $146,648 $3,958 4.85%
    30-36% 944 $152,360,000 $161,398 $4,136 4.93%
    50-60% 734 $62,680,000 $85,395 $4,459 4.99%
    <20% 287 $35,825,000 $124,826 $3,667 4.79%
    >60% 265 $27,585,000 $104,094 $5,278 4.98%
    42% 213 $38,075,000 $178,756 $4,418 5.02%
    41% 203 $38,275,000 $188,547 $4,453 4.97%
    44% 197 $37,785,000 $191,802 $4,219 4.87%
    43% 197 $39,285,000 $199,416 $4,207 4.92%
    39% 191 $30,805,000 $161,283 $4,509 4.94%
    40% 179 $31,895,000 $178,184 $4,241 4.97%
    38% 177 $32,675,000 $184,605 $4,513 5.03%
    37% 174 $25,990,000 $149,368 $3,907 4.94%
    36% 167 $28,125,000 $168,413 $4,093 4.93%
    49% 151 $25,075,000 $166,060 $4,176 4.93%
    45% 150 $23,730,000 $158,200 $4,162 4.99%
    48% 149 $26,445,000 $177,483 $4,024 4.93%
    47% 141 $24,055,000 $170,603 $4,402 4.94%
    46% 136 $23,610,000 $173,603 $4,263 4.86%

    Onpoint Community Credit Union lent most frequently to those with DTI ratios of 20-30%, with 989 originations. The next most common DTI ratio? 30-36%, with 944 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 4,941 $738,195,000 $149,402 $4,147 4.92%
    Not provided 307 $46,135,000 $150,277 $4,261 5.06%
    Asian 246 $41,780,000 $169,837 $4,194 4.88%
    Not applicable 21 $13,065,000 $622,143 $4,505 5.27%
    Black 76 $12,350,000 $162,500 $4,135 5.00%
    American Indian 40 $5,900,000 $147,500 $4,760 4.90%
    Native Hawaiian or Islander 30 $5,290,000 $176,333 $4,485 4.85%
    Chinese 1 $75,000 $75,000 $0 5.00%
    Other Asian 1 $55,000 $55,000 $0 4.75%
    Filipino 1 $35,000 $35,000 $0 4.75%
    Other Pacific Islander 1 $25,000 $25,000 $0 4.75%

    Approval Rates

    Total approvals of all applications
    82.84%

    Onpoint Community Credit Union has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    89.85%

    Onpoint Community Credit Union has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 5,665 $862,905,000 $152,322

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 16 $11,600,000 $725,000
    Single Family (1-4 Units):Manufactured 44 $6,970,000 $158,409
    Single Family (1-4 Units):Site-Built 5,605 $844,335,000 $150,640

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 967 $118,675,000 $122,725 $3,067 4.86%
    40-60% 512 $114,820,000 $224,258 $3,446 4.63%
    60-80% 789 $236,755,000 $300,070 $4,135 4.75%
    80-100% 825 $269,615,000 $326,806 $4,764 4.85%
    Over 100% 8 $2,320,000 $290,000 $9,427 4.94%
    Under 20% 2,564 $120,720,000 $47,083 $2,997 5.09%