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

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • 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 Home Purchase 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, Centralia, and Seattle among others. We have data for 13 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Pacific Nw Federal 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. 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% 11/21/24
    30 Year Conventional Refi 6.43% 11/21/24
    30 Year Cash-out Refi 6.40% 11/21/24
    30 Year FHA Purchase 6.27% 11/21/24
    15 Year Conventional Purchase 5.89% 11/21/24
    15 Year Conventional Refi 5.80% 11/21/24
    15 Year Cash-out Refi 5.80% 11/21/24
    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

    153

    Origination Dollar Volume (All Markets)

    $34,265,000

    Awards

    Pacific NW Federal Credit Union 30 Year Conventional Loans gold Pacific NW Federal Credit Union 30 Year Conventional Loans silver Pacific NW Federal Credit Union 30 Year Conventional Loans gold
    Show all (3) 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) 84 $18,450,000 $219,643 $2,465 4.54%
    Hood River, OR (FHA|USDA|VA) 36 $7,270,000 $201,944 $2,138 4.50%
    The Dalles, OR (FHA|USDA|VA) 15 $4,215,000 $281,000 $4,217 4.87%
    Centralia, WA (FHA|USDA|VA) 2 $1,150,000 $575,000 $3,553 5.13%
    Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 1 $805,000 $805,000 $6,695 4.00%
    Outside of Metro Areas 6 $680,000 $113,333 $1,628 4.34%
    OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) 1 $525,000 $525,000 $2,953 5.75%
    KENNEWICK-RICHLAND, WA (FHA|USDA|VA) 1 $335,000 $335,000 $3,267 4.75%
    ALBANY-LEBANON, OR (FHA|USDA|VA) 1 $305,000 $305,000 $3,965 3.38%
    LONGVIEW, WA (FHA|USDA|VA) 3 $255,000 $85,000 $1,422 5.22%
    Aberdeen, WA (FHA|USDA|VA) 1 $225,000 $225,000 $2,998 2.38%
    Hermiston-Pendleton, OR (FHA|USDA|VA) 1 $35,000 $35,000 $418 5.25%
    SALEM, OR (FHA|USDA|VA) 1 $15,000 $15,000 $813 4.55%
    Pacific Nw Federal Credit Union's top markets include Portland, Hood River, The Dalles, Centralia, and Seattle 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: 10
    Yakima Federal Savings and Loan Association
    Similarity Rank: 700
    OREGONIANS CREDIT UNION
    Similarity Rank: 880
    Wauna Federal Credit Union
    Similarity Rank: 1155
    FIRST COMMUNITY
    Similarity Rank: 1656
    OREGON COMMUNITY
    Similarity Rank: 1679
    Pacific NW Federal Credit Union
    Similarity Rank: 1807
    iQ Credit Union
    Similarity Rank: 1820
    INROADS
    Similarity Rank: 1946
    Clackamas Federal Credit Union
    Similarity Rank: 2167

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 153 $34,265,000 $223,954 $2,546 4.56%

    For 2022, Pacific Nw Federal Credit Union's most frequently originated type of loan was Conventional, with 153 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 51 $4,595,000 $90,098 $961 4.70%
    Home Purchase 50 $20,660,000 $413,200 $4,529 4.79%
    Cash Out Refi 24 $5,430,000 $226,250 $3,016 4.15%
    Other 19 $1,675,000 $88,158 $1,024 4.60%
    Refi 9 $1,905,000 $211,667 $2,472 3.53%

    For 2022, Pacific Nw Federal Credit Union's most frequently cited loan purpose was Home Improvement, with 51 originations. The 2nd most popular reason was Home Purchase, with 50 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 57 $23,905,000 $419,386 $4,491 4.63%
    15 Year 33 $4,425,000 $134,091 $1,745 4.21%
    20 Year 30 $2,670,000 $89,000 $1,036 5.27%
    10 Year 24 $1,570,000 $65,417 $908 4.09%
    Other 6 $1,250,000 $208,333 $1,837 4.10%
    5 Year 2 $70,000 $35,000 $442 4.10%
    30+ year 1 $375,000 $375,000 $11,140 6.25%

    For 2022, Pacific Nw Federal Credit Union's most frequently cited loan duration was 30 Year, with 57 originations. The 2nd most popular length was 15 Year, with 33 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 71 $19,535,000 $275,141
    $<1k 62 $3,970,000 $64,032
    $2k-3k 12 $6,170,000 $514,167
    $5k+ 5 $3,115,000 $623,000
    $3k-4k 2 $830,000 $415,000
    $4k-5k 1 $645,000 $645,000

    Pacific Nw Federal Credit Union's average total fees were $4,491, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 71 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 58 $10,770,000 $185,690
    5-6% 41 $9,015,000 $219,878
    3-4% 32 $10,010,000 $312,813
    6-7% 9 $2,195,000 $243,889
    2.5-3% 7 $995,000 $142,143
    <2.5% 6 $1,280,000 $213,333

    During 2022, Pacific Nw Federal Credit Union's average interest rate for loans was 4.63%, while their most frequently originated rate bucket for loans was 4-5%, with 58 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 58 $2,980,000 $51,379 $733 4.82%
    $200k-400k 37 $10,965,000 $296,351 $3,799 4.35%
    $100k-200k 29 $4,245,000 $146,379 $1,836 4.18%
    $400k-600k 26 $13,030,000 $501,154 $4,588 4.70%
    $600k-1MM 2 $1,450,000 $725,000 $6,599 4.38%
    $1MM+ 1 $1,595,000 $1,595,000 $20,722 5.00%

    2022 saw Pacific Nw Federal Credit Union place emphasis on $100,000 or less loans with 58 originations, totaling $2,980,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 42 $11,630,000 $276,905 $2,694 4.71%
    $75k-100k 38 $8,370,000 $220,263 $2,509 4.57%
    $50k-75k 30 $5,430,000 $181,000 $2,366 4.13%
    $150k-250k 28 $5,660,000 $202,143 $2,360 4.85%
    $50k or less 12 $1,500,000 $125,000 $1,861 4.42%
    $250k+ 3 $1,675,000 $558,333 $7,208 4.58%

    Pacific Nw Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 42 originations. The second most popular income band? $75k-100k, with 38 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 31 $8,265,000 $266,613 $3,067 4.53%
    20-30% 26 $5,720,000 $220,000 $2,985 4.48%
    42% 17 $2,365,000 $139,118 $1,456 4.51%
    <20% 13 $1,385,000 $106,538 $1,342 4.01%
    41% 11 $2,685,000 $244,091 $2,641 5.23%
    38% 10 $1,730,000 $173,000 $2,561 4.24%
    36% 9 $1,665,000 $185,000 $2,082 4.21%
    39% 9 $1,955,000 $217,222 $2,303 4.98%
    48% 6 $1,940,000 $323,333 $3,097 4.75%
    40% 6 $2,080,000 $346,667 $2,901 4.36%
    37% 5 $885,000 $177,000 $1,697 4.97%
    43% 3 $725,000 $241,667 $3,393 4.96%
    44% 2 $330,000 $165,000 $2,344 4.75%
    46% 1 $585,000 $585,000 $4,510 5.38%
    47% 1 $805,000 $805,000 $6,695 4.00%
    45% 1 $525,000 $525,000 $2,953 5.75%
    49% 1 $385,000 $385,000 $3,857 5.38%
    50-60% 1 $235,000 $235,000 $3,152 5.00%

    Pacific Nw Federal Credit Union lent most frequently to those with DTI ratios of 30-36%, with 31 originations. The next most common DTI ratio? 20-30%, with 26 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 120 $24,410,000 $203,417 $2,417 4.58%
    Not provided 18 $4,710,000 $261,667 $2,126 4.42%
    Asian 5 $2,575,000 $515,000 $6,172 4.84%
    Black 4 $1,650,000 $412,500 $5,104 4.63%
    American Indian 5 $715,000 $143,000 $1,416 4.61%
    Vietnamese 1 $205,000 $205,000 $2,865 2.50%

    Approval Rates

    Total approvals of all applications
    87.76%

    Pacific Nw Federal Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    86.27%

    Pacific Nw Federal Credit Union has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 153 $34,265,000 $223,954

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    153 $34,265,000 $223,954

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 24 $3,230,000 $134,583 $1,482 4.30%
    40-60% 27 $6,485,000 $240,185 $3,084 4.01%
    60-80% 17 $8,495,000 $499,706 $5,145 4.43%
    80-100% 31 $13,375,000 $431,452 $4,641 4.79%
    Under 20% 54 $2,680,000 $49,630 $729 4.86%