Pacific Nw Federal Credit Union Mortgage Rates, Fees & Info

Portland, OR

LEI: 254900HD4RROQDXNWI45

Tax ID: 93-0395917

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Pacific Nw Federal Credit Union is a smaller credit union specializing in Refi and Cash Out Refi loans. Pacific Nw Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Portland, Hood River, The Dalles, Longview, and Salem among others. We have data for 21 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Pacific Nw Federal Credit Union has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders. Pacific Nw Federal 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
    30 Year Conventional Purchase 6.53% 4/21/24
    30 Year Conventional Refi 6.43% 4/21/24
    30 Year Cash-out Refi 6.40% 4/21/24
    30 Year FHA Purchase 6.27% 4/21/24
    15 Year Conventional Purchase 5.89% 4/21/24
    15 Year Conventional Refi 5.80% 4/21/24
    15 Year Cash-out Refi 5.80% 4/21/24
    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.

    Pacific Nw Federal Credit Union Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Pacific Nw Federal 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

    513

    Origination Dollar Volume (All Markets)

    $140,075,000
    Show all (8) 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) 293 $81,345,000 $277,628 $2,958 2.97%
    Hood River, OR (FHA|USDA|VA) 124 $34,280,000 $276,452 $3,133 3.06%
    Outside of Metro Areas 24 $6,480,000 $270,000 $3,242 3.08%
    The Dalles, OR (FHA|USDA|VA) 29 $5,995,000 $206,724 $2,972 3.00%
    LONGVIEW, WA (FHA|USDA|VA) 7 $2,025,000 $289,286 $3,127 2.57%
    SALEM, OR (FHA|USDA|VA) 6 $1,530,000 $255,000 $2,958 3.05%
    BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) 3 $1,405,000 $468,333 $4,175 2.88%
    BEND, OR (FHA|USDA|VA) 5 $1,125,000 $225,000 $3,352 2.95%
    Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 3 $895,000 $298,333 $2,817 2.79%
    SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) 2 $750,000 $375,000 $3,679 2.81%
    ALBANY-LEBANON, OR (FHA|USDA|VA) 3 $675,000 $225,000 $2,820 3.16%
    WENATCHEE, WA (FHA|USDA|VA) 2 $550,000 $275,000 $2,436 2.81%
    KENNEWICK-RICHLAND, WA (FHA|USDA|VA) 2 $400,000 $200,000 $1,556 2.69%
    Newport, OR (FHA|USDA|VA) 2 $390,000 $195,000 $2,953 2.81%
    Roseburg, OR (FHA|USDA|VA) 2 $390,000 $195,000 $3,650 2.56%
    Shelton, WA (FHA|USDA|VA) 1 $385,000 $385,000 $3,336 3.13%
    EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) 1 $365,000 $365,000 $2,971 4.00%
    WALLA WALLA, WA (FHA|USDA|VA) 1 $345,000 $345,000 $2,941 3.00%
    Astoria, OR (FHA|USDA|VA) 1 $325,000 $325,000 $3,021 2.63%
    Ellensburg, WA (FHA|USDA|VA) 1 $265,000 $265,000 $3,294 2.50%
    Coos Bay, OR (FHA|USDA|VA) 1 $155,000 $155,000 $5,573 2.50%
    Pacific Nw Federal Credit Union's top markets include Portland, Hood River, The Dalles, Longview, and Salem among others.

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

    • Similar Lenders

    We use machine learning to identify the top lenders compared against Pacific NW Federal Credit Union based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    People's Community Federal Credit Union
    Similarity Rank: 434
    CASTPARTS EMPLOYEES
    Similarity Rank: 524
    OREGONIANS CREDIT UNION
    Similarity Rank: 948
    U S WIDE FINANCIAL LLC
    Similarity Rank: 988
    Pacific NW Federal Credit Union
    Similarity Rank: 1512
    Yakima Federal Savings and Loan Association
    Similarity Rank: 1565
    Wauna Federal Credit Union
    Similarity Rank: 1644
    COAST 2 COAST FUNDING GROUP, INC.
    Similarity Rank: 1653
    INROADS
    Similarity Rank: 1680
    Citizens Bank
    Similarity Rank: 2072

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 513 $140,075,000 $273,051 $3,031 2.99%

    For 2020, Pacific Nw Federal Credit Union's most frequently originated type of loan was Conventional, with 513 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 258 $70,340,000 $272,636 $2,908 2.82%
    Cash Out Refi 134 $36,600,000 $273,134 $3,195 3.00%
    Home Purchase 77 $25,885,000 $336,169 $3,761 2.97%
    Home Improvement 40 $7,070,000 $176,750 $2,148 3.88%
    Other 4 $180,000 $45,000 $395 5.31%

    For 2020, Pacific Nw Federal Credit Union's most frequently cited loan purpose was Refi, with 258 originations. The 2nd most popular reason was Cash Out Refi, with 134 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 290 $90,540,000 $312,207 $3,267 3.04%
    15 Year 118 $28,260,000 $239,492 $2,784 2.67%
    20 Year 74 $15,300,000 $206,757 $2,535 3.38%
    10 Year 22 $3,690,000 $167,727 $2,241 2.76%
    30+ year 5 $1,845,000 $369,000 $7,613 2.48%
    Other 4 $440,000 $110,000 $1,000 3.58%

    For 2020, Pacific Nw Federal Credit Union's most frequently cited loan duration was 30 Year, with 290 originations. The 2nd most popular length was 15 Year, with 118 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 439 $120,825,000 $275,228
    $<1k 33 $4,575,000 $138,636
    $2k-3k 16 $4,950,000 $309,375
    $3k-4k 13 $5,335,000 $410,385
    $4k-5k 6 $2,110,000 $351,667
    $5k+ 5 $1,895,000 $379,000

    Pacific Nw Federal Credit Union's average total fees were $3,267, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 439 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 217 $61,615,000 $283,940
    3-4% 157 $45,925,000 $292,516
    <2.5% 112 $29,460,000 $263,036
    5-6% 14 $760,000 $54,286
    4-5% 11 $1,905,000 $173,182
    6-7% 1 $25,000 $25,000

    During 2020, Pacific Nw Federal Credit Union's average interest rate for loans was 3.04%, while their most frequently originated rate bucket for loans was 2.5-3%, with 217 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 311 $90,555,000 $291,174 $3,154 2.93%
    $100k-200k 109 $17,285,000 $158,578 $2,644 2.82%
    $400k-600k 64 $29,350,000 $458,594 $3,820 2.88%
    $100,000 or less 27 $1,465,000 $54,259 $1,017 4.67%
    $600k-1MM 2 $1,420,000 $710,000 $6,927 3.00%

    2020 saw Pacific Nw Federal Credit Union place emphasis on $200k-400k loans with 311 originations, totaling $90,555,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 163 $47,175,000 $289,417 $3,013 2.97%
    $75k-100k 109 $27,145,000 $249,037 $3,037 3.09%
    $150k-250k 95 $31,565,000 $332,263 $3,276 2.94%
    $50k-75k 94 $21,310,000 $226,702 $2,899 3.03%
    $50k or less 28 $4,660,000 $166,429 $2,666 2.92%
    $250k+ 24 $8,220,000 $342,500 $3,099 2.80%

    Pacific Nw Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 163 originations. The second most popular income band? $75k-100k, with 109 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 169 $47,035,000 $278,314 $3,056 2.93%
    30-36% 102 $28,090,000 $275,392 $3,058 3.15%
    <20% 88 $22,880,000 $260,000 $2,907 2.79%
    39% 19 $4,445,000 $233,947 $3,016 3.18%
    36% 19 $5,655,000 $297,632 $3,091 2.89%
    42% 18 $5,470,000 $303,889 $3,415 3.37%
    38% 18 $4,960,000 $275,556 $2,931 3.13%
    40% 16 $4,580,000 $286,250 $2,862 3.07%
    37% 12 $3,230,000 $269,167 $2,840 2.84%
    41% 10 $2,220,000 $222,000 $2,280 3.31%
    45% 9 $2,535,000 $281,667 $3,234 2.90%
    43% 8 $2,240,000 $280,000 $2,762 3.39%
    47% 7 $1,515,000 $216,429 $2,970 2.80%
    46% 6 $1,730,000 $288,333 $3,354 2.90%
    44% 6 $1,920,000 $320,000 $4,406 2.79%
    48% 4 $930,000 $232,500 $3,042 2.78%
    49% 2 $640,000 $320,000 $3,493 3.06%

    Pacific Nw Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 169 originations. The next most common DTI ratio? 30-36%, with 102 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 409 $111,215,000 $271,919 $3,035 3.01%
    Not provided 65 $18,265,000 $281,000 $3,061 2.91%
    Asian 18 $5,500,000 $305,556 $3,230 2.82%
    American Indian 10 $2,170,000 $217,000 $2,745 3.30%
    Black 7 $1,695,000 $242,143 $2,893 2.91%
    Vietnamese 1 $405,000 $405,000 $3,095 2.63%
    Asian Indian 1 $355,000 $355,000 $2,669 2.50%
    Chinese 1 $245,000 $245,000 $0 2.88%
    Japanese 1 $225,000 $225,000 $2,859 2.25%

    Approval Rates

    Total approvals of all applications
    92.63%

    Pacific Nw Federal Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    90.84%

    Pacific Nw Federal Credit Union has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 513 $140,075,000 $273,051

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 25 $4,795,000 $191,800
    Single Family (1-4 Units):Site-Built 488 $135,280,000 $277,213

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 65 $10,895,000 $167,615 $2,722 2.86%
    40-60% 146 $36,980,000 $253,288 $2,952 2.78%
    60-80% 219 $69,775,000 $318,607 $3,265 2.98%
    80-100% 60 $21,080,000 $351,333 $3,464 3.04%
    Over 100% 1 $65,000 $65,000 $1,000 3.69%
    Under 20% 22 $1,280,000 $58,182 $1,063 4.67%

    Complaints

    Bank Name Product Issue 2020 CPFB Complaints % of Total Issues
    Pacific Home Loans, Inc Reverse mortgage Applying for a mortgage or refinancing an existing mortgage 1 25.0%
    Pacific Home Loans, Inc VA mortgage Applying for a mortgage or refinancing an existing mortgage 1 25.0%
    Pacific Home Loans, Inc VA mortgage Trouble during payment process 2 50.0%