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 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 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.

    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.

    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 5.48% 4/18/24
    30 Year Conventional Refi 4.25% 4/18/24
    30 Year Cash-out Refi 4.96% 4/18/24
    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

    30

    Origination Dollar Volume (All Markets)

    $9,430,000

    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) 30 $9,430,000 $314,333 $1,869 2.84%
    People's Community Federal Credit Union's top markets include and Portland among others.

    Their top states include:
  • Washington (FHA|USDA|VA)
  • Oregon (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: 86
    CASTPARTS EMPLOYEES
    Similarity Rank: 660
    Yakima Federal Savings and Loan Association
    Similarity Rank: 1065
    Bank of the Pacific
    Similarity Rank: 1218
    Pacific NW Federal Credit Union
    Similarity Rank: 1406
    SELCO COMMUNITY
    Similarity Rank: 1725
    Wauna Federal Credit Union
    Similarity Rank: 1908
    OREGONIANS CREDIT UNION
    Similarity Rank: 2144
    TWINSTAR
    Similarity Rank: 2356
    LENDERFI, INC.
    Similarity Rank: 2584

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 30 $9,430,000 $314,333 $1,869 2.84%

    For 2021, People's Community Federal Credit Union's most frequently originated type of loan was Conventional, with 30 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 15 $5,475,000 $365,000 $1,930 2.90%
    Other 7 $1,515,000 $216,429 $1,816 2.93%
    Refi 7 $2,175,000 $310,714 $1,820 2.61%
    Home Improvement 1 $265,000 $265,000 $1,659 3.00%

    For 2021, People's Community Federal Credit Union's most frequently cited loan purpose was Cash Out Refi, with 15 originations. The 2nd most popular reason was Other, with 7 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 20 $6,770,000 $338,500 $1,936 2.86%
    15 Year 7 $1,625,000 $232,143 $1,656 2.75%
    20 Year 2 $680,000 $340,000 $1,816 3.00%
    10 Year 1 $355,000 $355,000 $2,113 2.75%

    For 2021, People's Community Federal Credit Union's most frequently cited loan duration was 30 Year, with 20 originations. The 2nd most popular length was 15 Year, with 7 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 28 $8,970,000 $320,357

    People's Community Federal Credit Union's average total fees were $1,936, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 28 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 26 $7,890,000 $303,462
    <2.5% 3 $1,245,000 $415,000
    3-4% 1 $295,000 $295,000

    During 2021, People's Community Federal Credit Union's average interest rate for loans was 2.86%, while their most frequently originated rate bucket for loans was 2.5-3%, with 26 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 12 $3,280,000 $273,333 $1,908 2.96%
    $100k-200k 8 $1,120,000 $140,000 $1,651 2.75%
    $400k-600k 7 $3,585,000 $512,143 $1,947 2.68%
    $600k-1MM 2 $1,380,000 $690,000 $2,423 3.00%
    $100,000 or less 1 $65,000 $65,000 $1,480 3.00%

    2021 saw People's Community Federal Credit Union place emphasis on $200k-400k loans with 12 originations, totaling $3,280,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 9 $3,665,000 $407,222 $1,889 2.75%
    $75k-100k 7 $2,025,000 $289,286 $1,881 2.93%
    $50k or less 5 $535,000 $107,000 $1,714 2.95%
    $150k-250k 4 $1,690,000 $422,500 $2,017 2.94%
    $250k+ 3 $1,125,000 $375,000 $2,090 2.83%
    $50k-75k 2 $390,000 $195,000 $1,489 2.50%

    People's Community Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 9 originations. The second most popular income band? $75k-100k, with 7 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 9 $2,105,000 $233,889 $1,705 2.92%
    30-36% 4 $1,640,000 $410,000 $1,845 2.75%
    45% 2 $270,000 $135,000 $1,562 2.88%
    46% 2 $720,000 $360,000 $1,614 2.00%
    47% 2 $470,000 $235,000 $1,735 3.00%
    39% 2 $780,000 $390,000 $2,035 2.88%
    48% 1 $775,000 $775,000 $2,422 3.00%
    50-60% 1 $255,000 $255,000 $2,099 2.75%
    <20% 1 $295,000 $295,000 $1,874 3.00%
    >60% 1 $555,000 $555,000 $2,247 3.00%
    36% 1 $115,000 $115,000 $2,443 3.00%
    40% 1 $115,000 $115,000 $1,465 2.75%
    41% 1 $405,000 $405,000 $1,849 3.00%
    42% 1 $605,000 $605,000 $2,424 3.00%
    43% 1 $325,000 $325,000 $2,615 3.00%

    People's Community Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 9 originations. The next most common DTI ratio? 30-36%, with 4 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 28 $8,880,000 $317,143 $1,859 2.83%
    Black 1 $295,000 $295,000 $2,324 3.00%
    Native Hawaiian or Islander 1 $255,000 $255,000 $1,674 3.00%

    Approval Rates

    Total approvals of all applications
    66.67%

    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 origination
    73.33%

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

    Points and Fees

    Points Originations Total Value Average Loan
    NA 30 $9,430,000 $314,333

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    30 $9,430,000 $314,333

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 7 $1,275,000 $182,143 $1,724 2.82%
    40-60% 8 $1,940,000 $242,500 $1,755 2.88%
    60-80% 10 $4,500,000 $450,000 $1,989 2.85%
    80-100% 3 $1,535,000 $511,667 $2,049 2.67%
    Under 20% 2 $180,000 $90,000 $1,962 3.00%

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    PEOPLE'S UNITED BANK, NATIONAL ASSOCIATION Conventional home mortgage Closing on a mortgage 2 15.4%
    PEOPLE'S UNITED BANK, NATIONAL ASSOCIATION Conventional home mortgage Struggling to pay mortgage 2 15.4%
    PEOPLE'S UNITED BANK, NATIONAL ASSOCIATION Conventional home mortgage Trouble during payment process 4 30.8%
    PEOPLE'S UNITED BANK, NATIONAL ASSOCIATION Home equity loan or line of credit (HELOC) Trouble during payment process 2 15.4%
    PEOPLE'S UNITED BANK, NATIONAL ASSOCIATION Other type of mortgage Trouble during payment process 3 23.1%