People's Community Federal Credit Union Mortgage Rates, Fees & Info
Vancouver, WALEI: 254900MRUZFHXLEPLR52
Tax ID: 91-0689235
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Mortgage Data
Review & Overview
People's Community Federal Credit Union is a smaller credit union specializing in Other and Home Purchase 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. People's Community 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 relatively high 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 |
|---|---|---|
| 30 Year Conventional Purchase | 5.48% | 11/17/24 |
| 30 Year Conventional Refi | 4.25% | 11/17/24 |
| 30 Year Cash-out Refi | 4.96% | 11/17/24 |
| 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. | ||
People's Community Federal Credit Union Mortgage Calculator
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Estimated Loan Payment: Update the calculator values and click calculate payment!
This is not an official calculator from People's Community Federal Credit Union. It uses our SimulatedRate™
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
7Origination Dollar Volume (All Markets)
$1,255,000Relative Rate
People's Community Federal Credit Union's average 30 year fixed mortgage rate was
6.5%.
The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.
This yields a difference of 0.02%.
Relative Fees (Closing Costs)
People's Community Federal Credit Union's average total fees/closing costs for a 30 year fixed rate
mortgage were $2,785.
The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including
both points & up-front fees in addition to origination fees) were $9,089.
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) | 7 | $1,255,000 | $179,286 | $1,771 | 6.68% |
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.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 7 | $1,255,000 | $179,286 | $1,771 | 6.68% |
For 2023, People's Community Federal Credit Union's most frequently originated type of loan was Conventional, with 7 originations.
Loan Reason
For 2023, People's Community Federal Credit Union's most frequently cited loan purpose was Other, with 5 originations. The 2nd most popular reason was Home Purchase, with 1 originations.
Loan Duration/Length
For 2023, People's Community Federal Credit Union's most frequently cited loan duration was 15 Year, with 3 originations. The 2nd most popular length was 30 Year, with 2 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 6 | $750,000 | $125,000 |
People's Community Federal Credit Union's average total fees were $2,785, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 6 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 5 | $865,000 | $173,000 |
| 5-6% | 1 | $355,000 | $355,000 |
| 7-8% | 1 | $35,000 | $35,000 |
During 2023, People's Community Federal Credit Union's average interest rate for loans was 6.50%, while their most frequently originated rate bucket for loans was 6-7%, with 5 originations.
Loan Sizing
2023 saw People's Community Federal Credit Union place emphasis on $100,000 or less loans with 4 originations, totaling $190,000 in origination value.
Applicant Income
People's Community Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 3 originations. The second most popular income band? $75k-100k, with 2 originations.
Applicant Debt to Income Ratio
People's Community Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 1 originations. The next most common DTI ratio? 38%, with 1 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 7 | $1,255,000 | $179,286 | $1,771 | 6.68% |
Approval Rates
Total approvals of all applications61.11%
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 origination85.71%
People's Community Federal Credit Union has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 7 | $1,255,000 | $179,286 |