People's Community Federal Credit Union Mortgage Rates, Fees & Info
Vancouver, WALEI: 254900MRUZFHXLEPLR52
Tax ID: 91-0689235
Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage Data
Review & Overview
People's Community Federal Credit Union is a smaller credit union specializing in Other loans. People's Community Federal Credit Union has a high proportion of conventional loans. Their top (well, only) market is Portland.People's Community Federal Credit Union has a below average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.
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.
Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.
Originations
4Origination Dollar Volume (All Markets)
$370,000Top 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 | $370,000 | $92,500 | $1,643 | 6.63% |
Their top states include:
Similar Lenders
We use machine learning to identify the top lenders compared against People's Community Federal Credit Union based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
Similarity Rank: 294
Similarity Rank: 552
Similarity Rank: 558
Similarity Rank: 648
Similarity Rank: 777
Similarity Rank: 816
Similarity Rank: 992
Similarity Rank: 1100
Similarity Rank: 1178
Similarity Rank: 1311
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 4 | $370,000 | $92,500 | $1,643 | 6.63% |
For 2024, People's Community Federal Credit Union's most frequently originated type of loan was Conventional, with 4 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Other | 2 | $270,000 | $135,000 | $1,839 | 7.75% |
| Home Improvement | 1 | $35,000 | $35,000 | $1,218 | 5.50% |
| Cash Out Refi | 1 | $65,000 | $65,000 | $1,676 | 5.50% |
For 2024, People's Community Federal Credit Union's most frequently cited loan purpose was Other, with 2 originations. The 2nd most popular reason was Home Improvement, with 1 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 10 Year | 2 | $210,000 | $105,000 | $1,734 | 6.50% |
| 15 Year | 2 | $160,000 | $80,000 | $1,552 | 6.75% |
For 2024, People's Community Federal Credit Union's most frequently cited loan duration was 10 Year, with 2 originations. The 2nd most popular length was 15 Year, with 2 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 1 | $35,000 | $35,000 |
People's Community Federal Credit Union's average total fees were $0, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 1 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 5-6% | 2 | $100,000 | $50,000 |
| 7-8% | 2 | $270,000 | $135,000 |
During 2024, People's Community Federal Credit Union's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 5-6%, with 2 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $100,000 or less | 2 | $100,000 | $50,000 | $1,447 | 5.50% |
| $100k-200k | 2 | $270,000 | $135,000 | $1,839 | 7.75% |
2024 saw People's Community Federal Credit Union place emphasis on $100,000 or less loans with 2 originations, totaling $100,000 in origination value.
Applicant Income
People's Community Federal Credit Union lent most frequently to those with incomes in the $150k-250k range, with 2 originations. The second most popular income band? $100k-150k, with 1 originations.
Applicant Debt to Income Ratio
People's Community Federal Credit Union lent most frequently to those with DTI ratios of <20%, with 1 originations. The next most common DTI ratio? 20-30%, with 1 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 4 | $370,000 | $92,500 | $1,643 | 6.63% |
Approval Rates
Total approvals of all applications66.67%
People's Community Federal Credit Union has a low approval rate. They may have poor market targeting or stringent lending standards.
Pick Rate
Approvals leading to origination75.00%
People's Community Federal Credit Union has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 4 | $370,000 | $92,500 |