Qualstar Credit Union Mortgage Rates, Fees & Info

Redmond, WA

LEI: 254900QPRPHIXEAX3L37

Tax ID: 91-6035907

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

    Qualstar Credit Union is a smaller credit union specializing in Cash Out Refi and Refi loans. Qualstar Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Seattle, Olympia, Centralia, Portland, and Bellingham among others. We have data for 24 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Qualstar Credit Union has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Qualstar 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 9.98% 4/30/24
    30 Year Conventional Refi 9.78% 4/30/24
    30 Year Cash-out Refi 9.70% 4/30/24
    30 Year FHA Purchase 6.27% 4/30/24
    30 Year VA Purchase 6.27% 4/30/24
    15 Year Conventional Purchase 10.64% 4/30/24
    15 Year Conventional Refi 8.39% 4/30/24
    15 Year Cash-out Refi 8.39% 4/30/24
    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.

    Qualstar Credit Union Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Qualstar 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

    547

    Origination Dollar Volume (All Markets)

    $152,575,000

    Awards

    Qualstar Credit Union 30 Year Conventional Loans bronze
    Show all (1) 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
    Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 409 $118,015,000 $288,545 $3,421 3.27%
    OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) 22 $6,390,000 $290,455 $3,726 3.61%
    Centralia, WA (FHA|USDA|VA) 19 $4,825,000 $253,947 $3,735 3.16%
    PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 10 $2,910,000 $291,000 $3,867 3.04%
    BELLINGHAM, WA (FHA|USDA|VA) 12 $2,860,000 $238,333 $4,091 3.21%
    MOUNT VERNON-ANACORTES, WA (FHA|USDA|VA) 11 $2,355,000 $214,091 $2,808 3.67%
    BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) 10 $2,120,000 $212,000 $3,408 3.61%
    Shelton, WA (FHA|USDA|VA) 6 $1,660,000 $276,667 $4,091 3.15%
    Outside of Metro Areas 1 $1,375,000 $1,375,000 $8,380 3.50%
    Moses Lake, WA (FHA|USDA|VA) 4 $1,360,000 $340,000 $6,147 3.31%
    Outside of Metro Areas 6 $1,210,000 $201,667 $3,009 2.98%
    SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) 5 $1,185,000 $237,000 $3,832 2.70%
    YAKIMA, WA (FHA|USDA|VA) 5 $975,000 $195,000 $3,205 3.45%
    Port Angeles, WA (FHA|USDA|VA) 4 $890,000 $222,500 $3,753 3.19%
    Aberdeen, WA (FHA|USDA|VA) 6 $830,000 $138,333 $3,146 3.90%
    Ellensburg, WA (FHA|USDA|VA) 5 $825,000 $165,000 $3,428 4.47%
    WENATCHEE, WA (FHA|USDA|VA) 4 $790,000 $197,500 $3,769 3.31%
    Sandpoint, ID (FHA|USDA|VA) 1 $535,000 $535,000 $4,855 2.50%
    KENNEWICK-RICHLAND, WA (FHA|USDA|VA) 2 $440,000 $220,000 $2,690 3.31%
    BEND, OR (FHA|USDA|VA) 1 $285,000 $285,000 $3,759 3.00%
    WALLA WALLA, WA (FHA|USDA|VA) 1 $195,000 $195,000 $5,906 3.00%
    LONGVIEW, WA (FHA|USDA|VA) 1 $185,000 $185,000 $4,071 3.38%
    Oak Harbor, WA (FHA|USDA|VA) 1 $185,000 $185,000 $2,389 2.88%
    GRANTS PASS, OR (FHA|USDA|VA) 1 $175,000 $175,000 $4,015 3.00%
    Qualstar Credit Union's top markets include Seattle, Olympia, Centralia, Portland, and Bellingham among others.

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

    • Similar Lenders

    We use machine learning to identify the top lenders compared against Qualstar Credit Union based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    O BEE
    Similarity Rank: 447
    Olympia Federal Savings & Loan Association
    Similarity Rank: 840
    SOUND
    Similarity Rank: 2289
    VERITY
    Similarity Rank: 2550
    LO, INC.
    Similarity Rank: 2560
    Bank of the Pacific
    Similarity Rank: 2639
    Shea Mortgage Inc.
    Similarity Rank: 2850
    NorthWest Plus Credit Union
    Similarity Rank: 2961
    TRISTAR FINANCE, INC.
    Similarity Rank: 3224
    America's Credit Union
    Similarity Rank: 3248

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 547 $152,575,000 $278,931 $3,506 3.30%

    For 2021, Qualstar Credit Union's most frequently originated type of loan was Conventional, with 547 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 272 $83,340,000 $306,397 $3,665 3.16%
    Refi 157 $42,055,000 $267,866 $3,223 3.07%
    Home Improvement 61 $9,515,000 $155,984 $2,460 4.19%
    Home Purchase 53 $17,205,000 $324,623 $4,262 3.45%
    Other 4 $460,000 $115,000 $2,295 5.87%

    For 2021, Qualstar Credit Union's most frequently cited loan purpose was Cash Out Refi, with 272 originations. The 2nd most popular reason was Refi, with 157 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 343 $114,165,000 $332,843 $3,733 3.19%
    15 Year 98 $21,340,000 $217,755 $3,057 3.04%
    20 Year 54 $13,190,000 $244,259 $3,472 3.09%
    10 Year 30 $2,660,000 $88,667 $1,366 4.78%
    Other 13 $975,000 $75,000 $0 4.46%
    5 Year 9 $245,000 $27,222 $0 4.99%

    For 2021, Qualstar Credit Union's most frequently cited loan duration was 30 Year, with 343 originations. The 2nd most popular length was 15 Year, with 98 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 280 $87,570,000 $312,750
    $1k-2k 101 $27,435,000 $271,634
    $2k-3k 52 $13,370,000 $257,115
    $3k-4k 34 $10,000,000 $294,118
    $5k+ 13 $6,845,000 $526,538
    $4k-5k 8 $2,990,000 $373,750

    Qualstar Credit Union's average total fees were $3,733, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 280 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 257 $78,275,000 $304,572
    3-4% 178 $55,530,000 $311,966
    <2.5% 48 $11,110,000 $231,458
    4-5% 33 $6,045,000 $183,182
    5-6% 19 $965,000 $50,789
    6-7% 6 $400,000 $66,667
    7-8% 4 $120,000 $30,000
    Over 8% 2 $130,000 $65,000

    During 2021, Qualstar Credit Union's average interest rate for loans was 3.19%, while their most frequently originated rate bucket for loans was 2.5-3%, with 257 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 288 $83,280,000 $289,167 $3,471 3.07%
    $100k-200k 112 $17,490,000 $156,161 $3,125 3.20%
    $400k-600k 73 $34,875,000 $477,740 $4,088 3.14%
    $100,000 or less 59 $3,195,000 $54,153 $1,463 4.83%
    $600k-1MM 11 $8,145,000 $740,455 $7,330 3.28%
    $1MM+ 4 $5,590,000 $1,397,500 $5,446 3.13%

    2021 saw Qualstar Credit Union place emphasis on $200k-400k loans with 288 originations, totaling $83,280,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 60 $16,360,000 $272,667 $3,909 3.49%
    $50k-75k 51 $9,965,000 $195,392 $3,015 3.62%
    $75k-100k 48 $10,020,000 $208,750 $3,354 3.95%
    $150k-250k 34 $10,130,000 $297,941 $3,632 3.76%
    $50k or less 26 $3,360,000 $129,231 $2,479 3.62%
    $250k+ 8 $5,420,000 $677,500 $4,923 3.20%

    Qualstar Credit Union lent most frequently to those with incomes in the $100k-150k range, with 60 originations. The second most popular income band? $50k-75k, with 51 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 50 $10,640,000 $212,800 $3,494 3.87%
    <20% 40 $5,810,000 $145,250 $2,429 3.67%
    30-36% 37 $8,955,000 $242,027 $3,313 3.83%
    42% 7 $1,745,000 $249,286 $3,797 3.64%
    47% 6 $2,250,000 $375,000 $4,004 3.33%
    44% 6 $1,530,000 $255,000 $3,006 2.69%
    49% 5 $1,825,000 $365,000 $3,067 3.67%
    43% 5 $1,635,000 $327,000 $3,789 2.88%
    41% 5 $1,825,000 $365,000 $4,131 3.18%
    40% 4 $1,490,000 $372,500 $3,295 3.41%
    38% 4 $770,000 $192,500 $3,734 3.66%
    50-60% 3 $95,000 $31,667 $0 6.41%
    39% 3 $1,325,000 $441,667 $3,343 3.08%
    45% 3 $675,000 $225,000 $3,786 3.71%
    36% 2 $590,000 $295,000 $5,273 3.38%
    37% 2 $350,000 $175,000 $4,819 4.37%
    46% 1 $215,000 $215,000 $4,143 3.00%
    48% 1 $145,000 $145,000 $5,014 5.00%

    Qualstar Credit Union lent most frequently to those with DTI ratios of 20-30%, with 50 originations. The next most common DTI ratio? <20%, with 40 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 366 $102,290,000 $279,481 $3,510 3.21%
    Not provided 107 $28,165,000 $263,224 $3,478 3.47%
    Asian 16 $6,830,000 $426,875 $3,441 3.06%
    Black 22 $5,320,000 $241,818 $3,220 3.96%
    American Indian 14 $4,360,000 $311,429 $3,481 3.09%
    Native Hawaiian or Islander 7 $2,135,000 $305,000 $3,427 3.23%
    Chinese 5 $1,595,000 $319,000 $4,933 3.80%
    Asian Indian 2 $790,000 $395,000 $3,342 2.88%
    Japanese 3 $705,000 $235,000 $3,590 2.79%
    Other Asian 1 $215,000 $215,000 $4,677 2.75%
    Not applicable 4 $170,000 $42,500 $0 4.81%

    Approval Rates

    Total approvals of all applications
    94.68%

    Qualstar Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    89.76%

    Qualstar Credit Union has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 547 $152,575,000 $278,931

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    547 $152,575,000 $278,931

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 31 $5,405,000 $174,355 $3,054 3.27%
    40-60% 57 $15,755,000 $276,404 $3,516 3.04%
    60-80% 40 $14,580,000 $364,500 $3,935 3.34%
    80-100% 11 $3,675,000 $334,091 $3,940 3.34%
    Under 20% 44 $2,670,000 $60,682 $820 5.26%