Rivermark Community Credit Union Mortgage Rates, Fees & Info

Beaverton, OR

LEI: 254900T37KTTXKCK3416

Tax ID: 93-6024307

5 stars - Updated: 6/23/24 - out of 5 stars, based on 24 reviews

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

Review & Overview

Rivermark Community Credit Union is a smaller credit union specializing in Home Purchase loans. Rivermark Community Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Portland, The Dalles, Salem, Eugene, and Longview among others. We have data for 22 markets. (Some data included below & more in-depth data is available with an active subscription.)

Rivermark Community 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. Rivermark Community Credit Union is typically an average 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.

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
Home Equity Line of Credit (HELOC) 6.54% 6/23/24
30 Year Conventional Purchase 6.07% 6/23/24
30 Year Conventional Refi 6.33% 6/23/24
30 Year Cash-out Refi 6.43% 6/23/24
15 Year Conventional Purchase 5.84% 6/23/24
15 Year Conventional Refi 6.05% 6/23/24
15 Year Cash-out Refi 6.05% 6/23/24
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.

Rivermark Community Credit Union Mortgage Calculator






Your Estimates

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

This is not an official calculator from Rivermark Community 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

597

Origination Dollar Volume (All Markets)

$91,795,000

Awards

Rivermark Community Credit Union 30 Year Conventional Loans gold
Show all (1) awards

Relative Rate

Rivermark Community Credit Union's average 30 year fixed mortgage rate was 6.78%.

The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

This yields a difference of 0.3%.

Relative Fees (Closing Costs)

Rivermark Community Credit Union's average total fees/closing costs for a 30 year fixed rate mortgage were $5,051.

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) 482 $74,800,000 $155,187 $2,539 8.14%
The Dalles, OR (FHA|USDA|VA) 33 $4,025,000 $121,970 $2,740 7.80%
SALEM, OR (FHA|USDA|VA) 23 $2,755,000 $119,783 $2,178 8.58%
EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) 6 $1,700,000 $283,333 $4,616 7.63%
Outside of Metro Areas 12 $1,340,000 $111,667 $2,800 7.92%
LONGVIEW, WA (FHA|USDA|VA) 6 $1,260,000 $210,000 $4,376 8.22%
ALBANY-LEBANON, OR (FHA|USDA|VA) 8 $1,250,000 $156,250 $4,845 8.09%
Roseburg, OR (FHA|USDA|VA) 2 $660,000 $330,000 $16,600 7.37%
BEND, OR (FHA|USDA|VA) 5 $555,000 $111,000 $1,883 7.24%
Hood River, OR (FHA|USDA|VA) 3 $525,000 $175,000 $2,782 8.24%
Astoria, OR (FHA|USDA|VA) 2 $520,000 $260,000 $2,643 6.37%
BOISE CITY, ID (FHA|USDA|VA) 2 $430,000 $215,000 $0 9.12%
SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) 2 $430,000 $215,000 $4,316 8.00%
KENNEWICK-RICHLAND, WA (FHA|USDA|VA) 2 $320,000 $160,000 $3,636 8.87%
Newport, OR (FHA|USDA|VA) 2 $310,000 $155,000 $3,876 7.43%
Hermiston-Pendleton, OR (FHA|USDA|VA) 1 $245,000 $245,000 $3,988 6.50%
CORVALLIS, OR (FHA|USDA|VA) 1 $245,000 $245,000 $7,145 5.75%
YAKIMA, WA (FHA|USDA|VA) 1 $175,000 $175,000 $2,513 7.13%
Pullman, WA (FHA|USDA|VA) 1 $85,000 $85,000 $1,481 6.74%
Shelton, WA (FHA|USDA|VA) 1 $75,000 $75,000 $0 9.99%
Centralia, WA (FHA|USDA|VA) 1 $55,000 $55,000 $0 11.99%
Outside of Metro Areas 1 $35,000 $35,000 $0 7.74%
Rivermark Community Credit Union's top markets include Portland, The Dalles, Salem, Eugene, and Longview among others.

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

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

    INROADS
    Similarity Rank: 238
    Clackamas Federal Credit Union
    Similarity Rank: 776
    COLUMBIA COMMUNITY CREDIT UNION
    Similarity Rank: 988
    FIBRE FEDERAL CREDIT UNION
    Similarity Rank: 1281
    ADVANTIS
    Similarity Rank: 1288
    Rivermark Community Credit Union
    Similarity Rank: 1914
    First Republic Bank
    Similarity Rank: 1957

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 330 $67,620,000 $204,909 $2,707 7.25%
    HELOC 267 $24,175,000 $90,543 n/a 9.18%

    For 2023, Rivermark Community Credit Union's most frequently originated type of loan was Conventional, with 330 originations. Their 2nd most popular type was HELOC, with 267 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 178 $51,450,000 $289,045 $4,570 6.98%
    Home Improvement 136 $12,150,000 $89,338 $591 8.47%
    Other 118 $10,430,000 $88,390 $1,123 7.98%
    Cash Out Refi 87 $9,185,000 $105,575 $1,441 8.48%
    Refi 78 $8,580,000 $110,000 $3,170 9.85%

    For 2023, Rivermark Community Credit Union's most frequently cited loan purpose was Home Purchase, with 178 originations. The 2nd most popular reason was Home Improvement, with 136 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    20 Year 196 $17,160,000 $87,551 $753 8.12%
    Other 179 $16,685,000 $93,212 $0 9.53%
    30 Year 128 $45,250,000 $353,516 $5,051 6.78%
    15 Year 45 $5,185,000 $115,222 $1,544 7.47%
    10 Year 31 $1,825,000 $58,871 $668 7.21%
    30+ year 14 $5,450,000 $389,286 $4,604 6.84%
    5 Year 4 $240,000 $60,000 $337 5.99%

    For 2023, Rivermark Community Credit Union's most frequently cited loan duration was 20 Year, with 196 originations. The 2nd most popular length was Other, with 179 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 182 $14,810,000 $81,374
    $1k-2k 90 $31,210,000 $346,778
    $2k-3k 17 $6,345,000 $373,235
    $5k+ 13 $5,455,000 $419,615
    $4k-5k 11 $4,645,000 $422,273
    $3k-4k 10 $2,990,000 $299,000

    Rivermark Community Credit Union's average total fees were $5,051, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 182 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    Over 8% 290 $27,310,000 $94,172
    6-7% 131 $28,425,000 $216,985
    7-8% 121 $21,535,000 $177,975
    5-6% 55 $14,525,000 $264,091

    During 2023, Rivermark Community Credit Union's average interest rate for loans was 6.78%, while their most frequently originated rate bucket for loans was Over 8%, with 290 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 295 $17,105,000 $57,983 $629 8.61%
    $100k-200k 147 $17,825,000 $121,259 $1,597 8.23%
    $200k-400k 101 $29,795,000 $295,000 $4,741 7.26%
    $400k-600k 47 $22,455,000 $477,766 $5,954 6.72%
    $600k-1MM 7 $4,615,000 $659,286 $5,437 6.46%

    2023 saw Rivermark Community Credit Union place emphasis on $100,000 or less loans with 295 originations, totaling $17,105,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 197 $29,985,000 $152,208 $2,627 8.08%
    $150k-250k 169 $29,025,000 $171,746 $2,405 8.28%
    $75k-100k 105 $13,335,000 $127,000 $2,431 8.04%
    $50k-75k 67 $8,035,000 $119,925 $3,088 7.96%
    $250k+ 46 $10,280,000 $223,478 $3,858 8.26%
    $50k or less 13 $1,135,000 $87,308 $4,018 7.34%

    Rivermark Community Credit Union lent most frequently to those with incomes in the $100k-150k range, with 197 originations. The second most popular income band? $150k-250k, with 169 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 118 $15,300,000 $129,661 $2,632 7.87%
    30-36% 105 $13,655,000 $130,048 $2,300 8.25%
    44% 36 $3,730,000 $103,611 $1,563 8.82%
    41% 35 $5,345,000 $152,714 $1,896 8.16%
    38% 32 $5,450,000 $170,313 $2,629 8.14%
    <20% 30 $3,490,000 $116,333 $2,423 8.30%
    37% 29 $5,165,000 $178,103 $3,366 8.56%
    39% 27 $2,995,000 $110,926 $1,020 9.33%
    43% 25 $4,415,000 $176,600 $2,618 7.96%
    40% 24 $2,860,000 $119,167 $1,955 8.28%
    42% 22 $3,820,000 $173,636 $2,657 8.71%
    49% 21 $5,005,000 $238,333 $2,811 7.66%
    45% 20 $4,910,000 $245,500 $4,227 7.10%
    50-60% 19 $4,435,000 $233,421 $4,909 6.96%
    36% 18 $3,310,000 $183,889 $3,375 8.17%
    47% 16 $2,820,000 $176,250 $2,825 7.72%
    46% 12 $2,490,000 $207,500 $4,222 7.00%
    48% 7 $2,285,000 $326,429 $4,521 6.91%
    >60% 1 $315,000 $315,000 $0 8.63%

    Rivermark Community Credit Union lent most frequently to those with DTI ratios of 20-30%, with 118 originations. The next most common DTI ratio? 30-36%, with 105 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 434 $64,940,000 $149,631 $2,678 8.16%
    Not provided 100 $13,950,000 $139,500 $2,733 8.36%
    Asian 30 $5,380,000 $179,333 $1,581 7.46%
    Black 19 $3,985,000 $209,737 $5,836 7.66%
    American Indian 6 $1,270,000 $211,667 $1,373 6.99%
    Other Asian 2 $530,000 $265,000 $2,140 6.18%
    Filipino 2 $520,000 $260,000 $615 6.43%
    Asian Indian 1 $465,000 $465,000 $5,851 7.13%
    Guamanian 2 $390,000 $195,000 $543 6.50%
    Vietnamese 1 $365,000 $365,000 $0 8.00%

    Approval Rates

    Total approvals of all applications
    84.62%

    Rivermark Community Credit Union has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    64.32%

    Rivermark Community Credit Union has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 597 $91,795,000 $153,760

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    597 $91,795,000 $153,760

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 104 $15,140,000 $145,577 $1,804 8.06%
    40-60% 21 $5,195,000 $247,381 $3,882 7.33%
    60-80% 69 $25,535,000 $370,072 $5,540 6.75%
    80-100% 51 $21,365,000 $418,922 $5,255 6.77%
    Under 20% 352 $24,560,000 $69,773 $674 8.64%