People's Community Federal Credit Union Mortgage Rates, Fees & Info

Vancouver, WA

LEI: 254900MRUZFHXLEPLR52

Tax ID: 91-0689235

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
  • 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

    People's Community Federal Credit Union is a smaller credit union specializing in Cash Out Refi and Refi 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 an 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 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 5.48% 12/16/24
    30 Year Conventional Refi 4.25% 12/16/24
    30 Year Cash-out Refi 4.96% 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.

    People's Community 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 People's Community 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

    44

    Origination Dollar Volume (All Markets)

    $9,900,000

    Awards

    People's Community Federal Credit Union 30 Year Conventional Loans gold People's Community Federal Credit Union 30 Year Conventional Loans gold
    Show all (2) 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) 43 $9,765,000 $227,093 $1,701 3.26%
    Outside of Metro Areas 1 $135,000 $135,000 $1,567 3.50%
    People's Community Federal Credit Union's top markets include and Portland among others.

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

    • 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.

    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: 1344
    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 44 $9,900,000 $225,000 $1,698 3.26%

    For 2020, People's Community Federal Credit Union's most frequently originated type of loan was Conventional, with 44 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 23 $5,575,000 $242,391 $1,654 3.32%
    Refi 14 $2,780,000 $198,571 $1,588 3.06%
    Home Improvement 3 $445,000 $148,333 $1,307 4.00%
    Other 3 $835,000 $278,333 $1,759 3.05%
    Home Purchase 1 $265,000 $265,000 $5,226 3.25%

    For 2020, People's Community Federal Credit Union's most frequently cited loan purpose was Cash Out Refi, with 23 originations. The 2nd most popular reason was Refi, with 14 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 18 $4,950,000 $275,000 $1,931 3.46%
    15 Year 15 $2,995,000 $199,667 $1,520 3.24%
    10 Year 8 $1,000,000 $125,000 $1,473 2.88%
    20 Year 3 $955,000 $318,333 $1,781 3.25%

    For 2020, People's Community Federal Credit Union's most frequently cited loan duration was 30 Year, with 18 originations. The 2nd most popular length was 15 Year, with 15 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 44 $9,900,000 $225,000

    People's Community Federal Credit Union's average total fees were $1,931, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 44 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 20 $4,010,000 $200,500
    3-4% 20 $5,430,000 $271,500
    <2.5% 2 $360,000 $180,000
    5-6% 2 $100,000 $50,000

    During 2020, People's Community Federal Credit Union's average interest rate for loans was 3.46%, while their most frequently originated rate bucket for loans was 2.5-3%, with 20 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 20 $5,710,000 $285,500 $1,917 3.23%
    $100k-200k 12 $1,830,000 $152,500 $1,555 3.00%
    $100,000 or less 8 $530,000 $66,250 $1,219 3.69%
    $400k-600k 3 $1,225,000 $408,333 $1,930 3.58%
    $600k-1MM 1 $605,000 $605,000 $2,158 2.90%

    2020 saw People's Community Federal Credit Union place emphasis on $200k-400k loans with 20 originations, totaling $5,710,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 11 $2,335,000 $212,273 $1,576 3.45%
    $150k-250k 9 $2,315,000 $257,222 $1,580 3.32%
    $75k-100k 9 $2,045,000 $227,222 $2,093 3.21%
    $50k-75k 7 $1,465,000 $209,286 $1,612 3.08%
    $50k or less 5 $665,000 $133,000 $1,527 3.35%
    $250k+ 3 $1,075,000 $358,333 $1,800 2.88%

    People's Community Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 11 originations. The second most popular income band? $150k-250k, with 9 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 13 $3,015,000 $231,923 $1,670 3.06%
    50-60% 6 $980,000 $163,333 $1,471 3.48%
    30-36% 6 $1,610,000 $268,333 $1,750 3.44%
    <20% 3 $355,000 $118,333 $1,339 2.67%
    38% 2 $450,000 $225,000 $1,259 4.50%
    47% 2 $660,000 $330,000 $1,810 3.25%
    48% 2 $340,000 $170,000 $1,570 3.38%
    43% 2 $640,000 $320,000 $1,851 3.25%
    39% 2 $370,000 $185,000 $1,393 2.83%
    37% 1 $225,000 $225,000 $1,637 3.50%
    36% 1 $375,000 $375,000 $1,922 3.50%
    42% 1 $265,000 $265,000 $5,226 3.25%
    44% 1 $245,000 $245,000 $1,747 2.90%
    46% 1 $265,000 $265,000 $1,781 3.50%
    49% 1 $105,000 $105,000 $1,566 3.25%

    People's Community Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 13 originations. The next most common DTI ratio? 50-60%, with 6 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 43 $9,615,000 $223,605 $1,696 3.26%
    American Indian 1 $285,000 $285,000 $1,784 3.50%

    Approval Rates

    Total approvals of all applications
    80.60%

    People's Community Federal Credit Union has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    81.82%

    People's Community Federal Credit Union has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 44 $9,900,000 $225,000

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 44 $9,900,000 $225,000

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 9 $1,445,000 $160,556 $1,577 2.99%
    40-60% 13 $3,025,000 $232,692 $1,942 3.14%
    60-80% 13 $4,265,000 $328,077 $1,773 3.26%
    80-100% 2 $700,000 $350,000 $1,879 3.63%
    Under 20% 7 $465,000 $66,429 $1,208 3.75%

    Complaints

    Bank Name Product Issue 2020 CPFB Complaints % of Total Issues
    PEOPLE'S UNITED BANK, NATIONAL ASSOCIATION Other type of mortgage Struggling to pay mortgage 1 5.6%
    PEOPLE'S UNITED BANK, NATIONAL ASSOCIATION Home equity loan or line of credit (HELOC) Applying for a mortgage or refinancing an existing mortgage 1 5.6%
    PEOPLE'S UNITED BANK, NATIONAL ASSOCIATION Home equity loan or line of credit (HELOC) Trouble during payment process 2 11.1%
    PEOPLE'S UNITED BANK, NATIONAL ASSOCIATION Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 2 11.1%
    PEOPLE'S UNITED BANK, NATIONAL ASSOCIATION Conventional home mortgage Closing on a mortgage 1 5.6%
    PEOPLE'S UNITED BANK, NATIONAL ASSOCIATION Conventional home mortgage Struggling to pay mortgage 4 22.2%
    PEOPLE'S UNITED BANK, NATIONAL ASSOCIATION Conventional home mortgage Trouble during payment process 6 33.3%
    PEOPLE'S UNITED BANK, NATIONAL ASSOCIATION FHA mortgage Struggling to pay mortgage 1 5.6%