Rivermark Community Credit Union Mortgage Rates, Fees & Info

Beaverton, OR

LEI: 254900T37KTTXKCK3416

Tax ID: 93-6024307

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

    Rivermark Community Credit Union is a smaller credit union specializing in Refi, 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, Salem, The Dalles, Bend, and Eugene among others. We have data for 28 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Rivermark Community 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. 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% 12/16/24
    30 Year Conventional Purchase 6.07% 12/16/24
    30 Year Conventional Refi 6.33% 12/16/24
    30 Year Cash-out Refi 6.43% 12/16/24
    15 Year Conventional Purchase 5.84% 12/16/24
    15 Year Conventional Refi 6.05% 12/16/24
    15 Year Cash-out Refi 6.05% 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.

    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

    1,577

    Origination Dollar Volume (All Markets)

    $350,235,000
    Show all (6) 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) 1,285 $295,435,000 $229,911 $3,859 3.46%
    SALEM, OR (FHA|USDA|VA) 66 $11,090,000 $168,030 $3,481 3.78%
    The Dalles, OR (FHA|USDA|VA) 55 $8,915,000 $162,091 $3,567 3.55%
    Outside of Metro Areas 48 $8,840,000 $184,167 $3,696 3.41%
    BEND, OR (FHA|USDA|VA) 28 $5,360,000 $191,429 $3,654 3.76%
    EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) 11 $2,555,000 $232,273 $3,544 3.53%
    Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 10 $2,440,000 $244,000 $3,649 3.42%
    Newport, OR (FHA|USDA|VA) 9 $2,335,000 $259,444 $4,014 3.90%
    Astoria, OR (FHA|USDA|VA) 11 $1,755,000 $159,545 $3,249 3.65%
    BOISE CITY, ID (FHA|USDA|VA) 7 $1,705,000 $243,571 $3,597 2.80%
    Hood River, OR (FHA|USDA|VA) 8 $1,680,000 $210,000 $3,398 3.70%
    OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) 5 $1,375,000 $275,000 $2,925 2.80%
    ALBANY-LEBANON, OR (FHA|USDA|VA) 6 $1,080,000 $180,000 $3,371 3.77%
    Roseburg, OR (FHA|USDA|VA) 4 $700,000 $175,000 $5,048 3.31%
    KENNEWICK-RICHLAND, WA (FHA|USDA|VA) 3 $645,000 $215,000 $3,578 2.42%
    Shelton, WA (FHA|USDA|VA) 4 $640,000 $160,000 $2,806 4.09%
    SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) 3 $635,000 $211,667 $3,145 2.83%
    BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) 1 $515,000 $515,000 $4,062 3.13%
    Hailey, ID (FHA|USDA|VA) 1 $475,000 $475,000 $4,036 2.63%
    WENATCHEE, WA (FHA|USDA|VA) 2 $440,000 $220,000 $3,316 2.69%
    Hermiston-Pendleton, OR (FHA|USDA|VA) 2 $330,000 $165,000 $3,512 3.50%
    Pullman, WA (FHA|USDA|VA) 1 $285,000 $285,000 $2,250 3.75%
    YAKIMA, WA (FHA|USDA|VA) 2 $260,000 $130,000 $2,430 3.38%
    MEDFORD, OR (FHA|USDA|VA) 1 $215,000 $215,000 $3,307 2.75%
    Klamath Falls, OR (FHA|USDA|VA) 1 $185,000 $185,000 $2,642 3.00%
    Outside of Metro Areas 1 $185,000 $185,000 $3,138 3.13%
    Coos Bay, OR (FHA|USDA|VA) 1 $105,000 $105,000 $0 3.49%
    CORVALLIS, OR (FHA|USDA|VA) 1 $55,000 $55,000 $0 3.49%
    Rivermark Community Credit Union's top markets include Portland, Salem, The Dalles, 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.

    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
    MARION AND POLK SCHOOLS CREDIT UNION
    Similarity Rank: 1380
    Pacific NW Federal Credit Union
    Similarity Rank: 1449
    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

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,162 $318,080,000 $273,735 $3,800 3.00%
    HELOC 415 $32,155,000 $77,482 n/a 4.81%

    For 2020, Rivermark Community Credit Union's most frequently originated type of loan was Conventional, with 1,162 originations. Their 2nd most popular type was HELOC, with 415 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 489 $134,155,000 $274,346 $3,755 2.77%
    Cash Out Refi 423 $104,215,000 $246,371 $3,911 3.16%
    Home Improvement 288 $25,020,000 $86,875 $3,995 4.56%
    Home Purchase 279 $80,005,000 $286,756 $3,850 3.28%
    Other 98 $6,840,000 $69,796 $584 5.75%

    For 2020, Rivermark Community Credit Union's most frequently cited loan purpose was Refi, with 489 originations. The 2nd most popular reason was Cash Out Refi, with 423 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 743 $226,255,000 $304,515 $4,044 3.01%
    20 Year 520 $55,060,000 $105,885 $3,179 4.62%
    15 Year 295 $66,945,000 $226,932 $3,566 2.60%
    10 Year 16 $1,870,000 $116,875 $1,483 4.34%
    5 Year 3 $105,000 $35,000 $466 4.32%

    For 2020, Rivermark Community Credit Union's most frequently cited loan duration was 30 Year, with 743 originations. The 2nd most popular length was 20 Year, with 520 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 830 $227,570,000 $274,181
    $2k-3k 161 $47,955,000 $297,857
    $<1k 70 $6,900,000 $98,571
    $3k-4k 54 $20,970,000 $388,333
    $5k+ 32 $10,510,000 $328,438
    $4k-5k 15 $4,175,000 $278,333

    Rivermark Community Credit Union's average total fees were $4,044, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 830 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 493 $103,225,000 $209,381
    2.5-3% 450 $126,890,000 $281,978
    <2.5% 347 $96,415,000 $277,853
    4-5% 123 $12,525,000 $101,829
    5-6% 78 $5,110,000 $65,513
    6-7% 42 $3,450,000 $82,143
    7-8% 28 $1,470,000 $52,500
    Over 8% 16 $1,150,000 $71,875

    During 2020, Rivermark Community Credit Union's average interest rate for loans was 3.01%, while their most frequently originated rate bucket for loans was 3-4%, with 493 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 705 $203,375,000 $288,475 $3,971 2.94%
    $100k-200k 368 $53,040,000 $144,130 $3,261 3.41%
    $100,000 or less 341 $17,895,000 $52,478 $1,485 4.97%
    $400k-600k 159 $73,275,000 $460,849 $4,781 2.86%
    $600k-1MM 4 $2,650,000 $662,500 $6,444 3.56%

    2020 saw Rivermark Community Credit Union place emphasis on $200k-400k loans with 705 originations, totaling $203,375,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 476 $109,530,000 $230,105 $3,906 3.49%
    $150k-250k 321 $83,275,000 $259,424 $4,205 3.42%
    $75k-100k 287 $59,795,000 $208,345 $3,655 3.60%
    $50k-75k 270 $52,530,000 $194,556 $3,437 3.31%
    $250k+ 102 $25,390,000 $248,922 $4,183 3.73%
    $50k or less 93 $12,915,000 $138,871 $3,388 3.44%

    Rivermark Community Credit Union lent most frequently to those with incomes in the $100k-150k range, with 476 originations. The second most popular income band? $150k-250k, with 321 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 504 $119,610,000 $237,321 $3,796 3.28%
    30-36% 285 $60,225,000 $211,316 $3,737 3.61%
    <20% 217 $49,945,000 $230,161 $3,898 2.94%
    40% 58 $13,480,000 $232,414 $3,409 3.68%
    38% 52 $10,580,000 $203,462 $3,618 3.86%
    39% 51 $12,075,000 $236,765 $3,614 3.28%
    37% 49 $11,295,000 $230,510 $4,577 3.61%
    41% 49 $12,025,000 $245,408 $3,761 3.53%
    42% 43 $10,375,000 $241,279 $4,041 3.69%
    36% 41 $8,995,000 $219,390 $3,953 3.80%
    43% 39 $7,995,000 $205,000 $4,056 3.82%
    44% 37 $7,775,000 $210,135 $3,985 3.75%
    45% 35 $5,215,000 $149,000 $2,992 4.55%
    50-60% 35 $6,365,000 $181,857 $3,409 4.03%
    47% 24 $4,600,000 $191,667 $4,002 4.02%
    46% 23 $3,495,000 $151,957 $3,603 4.11%
    48% 17 $3,225,000 $189,706 $4,169 3.95%
    49% 15 $2,385,000 $159,000 $4,343 3.87%
    >60% 3 $575,000 $191,667 $1,258 5.70%

    Rivermark Community Credit Union lent most frequently to those with DTI ratios of 20-30%, with 504 originations. The next most common DTI ratio? 30-36%, with 285 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,338 $290,460,000 $217,085 $3,776 3.54%
    Not provided 135 $35,825,000 $265,370 $3,972 2.95%
    Asian 49 $10,985,000 $224,184 $3,673 3.51%
    Black 18 $4,150,000 $230,556 $3,882 3.80%
    American Indian 16 $2,750,000 $171,875 $3,592 3.22%
    Asian Indian 5 $1,865,000 $373,000 $4,652 2.85%
    Other Asian 8 $1,830,000 $228,750 $3,357 3.42%
    Native Hawaiian or Islander 2 $660,000 $330,000 $3,916 2.94%
    Filipino 2 $560,000 $280,000 $5,149 2.50%
    Korean 1 $325,000 $325,000 $5,449 2.13%
    Chinese 1 $295,000 $295,000 $4,322 2.63%
    Not applicable 1 $285,000 $285,000 $3,184 2.38%
    Other Pacific Islander 1 $245,000 $245,000 $6,235 3.00%

    Approval Rates

    Total approvals of all applications
    92.38%

    Rivermark Community Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    70.13%

    Rivermark Community Credit Union has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 1,577 $350,235,000 $222,089

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 19 $3,265,000 $171,842
    Single Family (1-4 Units):Site-Built 1,558 $346,970,000 $222,702

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 236 $35,210,000 $149,195 $3,238 3.61%
    40-60% 346 $84,740,000 $244,913 $3,751 2.82%
    60-80% 463 $144,695,000 $312,516 $4,144 3.00%
    80-100% 181 $64,785,000 $357,928 $4,185 2.96%
    Under 20% 351 $20,805,000 $59,274 $862 4.95%