Rivermark Community Credit Union Mortgage Rates, Fees & Info

Beaverton, OR

LEI: 254900T37KTTXKCK3416

Tax ID: 93-6024307

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Mortgage Data

Review & Overview

Rivermark Community Credit Union is a smaller credit union specializing in Cash Out Refi and 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, Bend, and Eugene among others. We have data for 19 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 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
Home Equity Line of Credit (HELOC) 6.54% 3/28/24
30 Year Conventional Purchase 6.07% 3/28/24
30 Year Conventional Refi 6.33% 3/28/24
30 Year Cash-out Refi 6.43% 3/28/24
15 Year Conventional Purchase 5.84% 3/28/24
15 Year Conventional Refi 6.05% 3/28/24
15 Year Cash-out Refi 6.05% 3/28/24
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

910

Origination Dollar Volume (All Markets)

$145,590,000

Awards

Rivermark Community Credit Union 30 Year Conventional Loans gold Rivermark Community Credit Union 30 Year Conventional Loans silver
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) 680 $117,610,000 $172,956 $3,443 5.54%
Outside of Metro Areas 85 $7,185,000 $84,529 $3,138 6.65%
The Dalles, OR (FHA|USDA|VA) 46 $5,500,000 $119,565 $3,047 5.36%
SALEM, OR (FHA|USDA|VA) 38 $5,090,000 $133,947 $3,036 5.84%
BEND, OR (FHA|USDA|VA) 18 $2,750,000 $152,778 $3,217 5.65%
EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) 7 $1,235,000 $176,429 $3,416 4.50%
Astoria, OR (FHA|USDA|VA) 7 $1,185,000 $169,286 $5,886 5.21%
Hood River, OR (FHA|USDA|VA) 3 $905,000 $301,667 $3,263 3.79%
BOISE CITY, ID (FHA|USDA|VA) 3 $815,000 $271,667 $3,684 3.75%
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 2 $680,000 $340,000 $3,013 4.06%
ALBANY-LEBANON, OR (FHA|USDA|VA) 5 $575,000 $115,000 $3,147 4.70%
Newport, OR (FHA|USDA|VA) 4 $470,000 $117,500 $2,520 5.31%
Shelton, WA (FHA|USDA|VA) 1 $415,000 $415,000 $3,763 3.75%
Roseburg, OR (FHA|USDA|VA) 4 $360,000 $90,000 $4,121 6.31%
OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) 1 $295,000 $295,000 $2,629 3.63%
LONGVIEW, WA (FHA|USDA|VA) 3 $265,000 $88,333 $1,354 4.54%
WENATCHEE, WA (FHA|USDA|VA) 1 $185,000 $185,000 $5,101 4.00%
Hermiston-Pendleton, OR (FHA|USDA|VA) 1 $35,000 $35,000 $0 6.49%
SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) 1 $35,000 $35,000 $0 6.99%
Rivermark Community Credit Union's top markets include Portland, The Dalles, Salem, Bend, and Eugene 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.

    Citizens Bank
    Similarity Rank: 390
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    OREGONIANS CREDIT UNION
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    CASTPARTS EMPLOYEES
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    Consolidated Federal Credit Union
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 502 $118,840,000 $236,733 $3,394 4.27%
    HELOC 408 $26,750,000 $65,564 n/a 7.27%

    For 2019, Rivermark Community Credit Union's most frequently originated type of loan was Conventional, with 502 originations. Their 2nd most popular type was HELOC, with 408 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 268 $56,740,000 $211,716 $3,130 4.52%
    Home Improvement 232 $15,390,000 $66,336 $5,836 6.98%
    Home Purchase 149 $39,525,000 $265,268 $3,945 4.51%
    Refi 142 $27,660,000 $194,789 $3,525 4.84%
    Other 119 $6,275,000 $52,731 $1,672 7.72%

    For 2019, Rivermark Community Credit Union's most frequently cited loan purpose was Cash Out Refi, with 268 originations. The 2nd most popular reason was Home Improvement, with 232 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 412 $26,940,000 $65,388 $0 7.27%
    30 Year 303 $86,125,000 $284,241 $4,018 4.06%
    15 Year 125 $23,995,000 $191,960 $2,548 3.88%
    20 Year 29 $4,495,000 $155,000 $3,060 5.49%
    10 Year 27 $3,645,000 $135,000 $1,472 5.54%
    5 Year 14 $390,000 $27,857 $318 6.54%

    For 2019, Rivermark Community Credit Union's most frequently cited loan duration was Other, with 412 originations. The 2nd most popular length was 30 Year, with 303 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 343 $86,595,000 $252,464
    $<1k 71 $10,135,000 $142,746
    $2k-3k 24 $7,620,000 $317,500
    $5k+ 16 $5,000,000 $312,500
    $3k-4k 13 $4,585,000 $352,692
    $4k-5k 3 $725,000 $241,667

    Rivermark Community Credit Union's average total fees were $4,018, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 343 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 286 $74,090,000 $259,056
    6-7% 190 $12,970,000 $68,263
    4-5% 123 $33,095,000 $269,065
    7-8% 104 $6,390,000 $61,442
    Over 8% 99 $5,185,000 $52,374
    5-6% 83 $9,465,000 $114,036
    2.5-3% 25 $4,395,000 $175,800

    During 2019, Rivermark Community Credit Union's average interest rate for loans was 4.06%, while their most frequently originated rate bucket for loans was 3-4%, with 286 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 400 $19,120,000 $47,800 $1,027 7.21%
    $200k-400k 274 $78,240,000 $285,547 $3,904 4.11%
    $100k-200k 191 $27,175,000 $142,277 $2,864 4.81%
    $400k-600k 41 $17,985,000 $438,659 $4,594 3.99%
    $600k-1MM 4 $3,070,000 $767,500 $8,315 3.81%

    2019 saw Rivermark Community Credit Union place emphasis on $100,000 or less loans with 400 originations, totaling $19,120,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 259 $41,985,000 $162,104 $3,368 5.89%
    $75k-100k 195 $29,505,000 $151,308 $3,617 5.77%
    $50k-75k 182 $24,840,000 $136,484 $3,264 5.33%
    $150k-250k 140 $27,060,000 $193,286 $3,558 5.69%
    $50k or less 83 $10,185,000 $122,711 $2,954 4.73%
    $250k+ 47 $10,385,000 $220,957 $3,871 6.04%

    Rivermark Community Credit Union lent most frequently to those with incomes in the $100k-150k range, with 259 originations. The second most popular income band? $75k-100k, with 195 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 183 $31,905,000 $174,344 $3,563 5.25%
    30-36% 177 $29,235,000 $165,169 $3,366 5.44%
    <20% 83 $11,785,000 $141,988 $3,099 4.91%
    44% 56 $8,130,000 $145,179 $3,657 6.05%
    43% 51 $8,685,000 $170,294 $3,393 5.84%
    38% 41 $5,485,000 $133,780 $3,191 5.99%
    36% 40 $6,000,000 $150,000 $3,841 6.14%
    42% 38 $5,930,000 $156,053 $2,906 5.67%
    40% 37 $5,885,000 $159,054 $3,056 5.63%
    39% 36 $7,560,000 $210,000 $4,435 5.19%
    37% 36 $5,270,000 $146,389 $3,586 6.29%
    45% 30 $2,960,000 $98,667 $2,498 6.95%
    46% 25 $2,665,000 $106,600 $2,369 6.81%
    41% 23 $4,525,000 $196,739 $3,235 5.91%
    47% 18 $2,440,000 $135,556 $2,621 6.30%
    48% 11 $1,605,000 $145,909 $3,379 5.65%
    49% 11 $1,825,000 $165,909 $2,962 5.39%
    50-60% 10 $2,250,000 $225,000 $4,197 4.75%
    >60% 2 $290,000 $145,000 $2,657 4.68%

    Rivermark Community Credit Union lent most frequently to those with DTI ratios of 20-30%, with 183 originations. The next most common DTI ratio? 30-36%, with 177 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 779 $120,235,000 $154,345 $3,321 5.63%
    Not provided 77 $14,075,000 $182,792 $4,263 5.33%
    Asian 24 $5,260,000 $219,167 $3,284 5.17%
    Black 9 $2,265,000 $251,667 $2,968 6.34%
    American Indian 10 $1,500,000 $150,000 $4,013 6.10%
    Not applicable 1 $905,000 $905,000 $0 4.13%
    Native Hawaiian or Islander 4 $560,000 $140,000 $2,336 6.28%
    Japanese 3 $375,000 $125,000 $0 7.41%
    Other Asian 1 $255,000 $255,000 $2,857 3.13%
    Filipino 2 $160,000 $80,000 $399 8.24%

    Approval Rates

    Total approvals of all applications
    87.09%

    Rivermark Community Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    62.97%

    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 910 $145,590,000 $159,989

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 1 $905,000 $905,000
    Single Family (1-4 Units):Manufactured 17 $2,665,000 $156,765
    Single Family (1-4 Units):Site-Built 892 $142,020,000 $159,215

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 160 $21,250,000 $132,813 $2,535 5.82%
    40-60% 123 $27,415,000 $222,886 $3,772 3.86%
    60-80% 183 $53,045,000 $289,863 $3,825 4.07%
    80-100% 79 $26,515,000 $335,633 $4,001 4.11%
    Under 20% 363 $17,055,000 $46,983 $721 7.23%