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 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 5.96% | 12/16/24 |
| 30 Year Conventional Purchase | 6.55% | 12/16/24 |
| 30 Year Conventional Refi | 6.41% | 12/16/24 |
| 30 Year Cash-out Refi | 6.53% | 12/16/24 |
| 30 Year FHA Purchase | 7.33% | 12/16/24 |
| 30 Year FHA Refi | 6.89% | 12/16/24 |
| 30 Year VA Purchase | 6.36% | 12/16/24 |
| 15 Year Conventional Purchase | 5.96% | 12/16/24 |
| 15 Year Conventional Refi | 5.74% | 12/16/24 |
| 15 Year Cash-out Refi | 5.74% | 12/16/24 |
| 15 Year VA Purchase | 5.63% | 12/16/24 |
| 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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
5,665Origination Dollar Volume (All Markets)
$862,905,000Awards
OnPoint Community Credit Union - 2018
OnPoint Community Credit Union is a 2018 , due to their low .
For 2018, less than of lenders were eligible for this award.
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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% |
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 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
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
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
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
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
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
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
Approval Rates
Total approvals of all applications82.84%
Onpoint Community Credit Union has a below average approval rate.
Pick Rate
Approvals leading to origination89.85%
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 |