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 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 Hood River 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 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 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% 4/22/24
    30 Year Conventional Purchase 6.07% 4/22/24
    30 Year Conventional Refi 6.33% 4/22/24
    30 Year Cash-out Refi 6.43% 4/22/24
    15 Year Conventional Purchase 5.84% 4/22/24
    15 Year Conventional Refi 6.05% 4/22/24
    15 Year Cash-out Refi 6.05% 4/22/24
    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

    1,154

    Origination Dollar Volume (All Markets)

    $233,250,000
    Show all (5) 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) 928 $194,960,000 $210,086 $3,428 4.95%
    SALEM, OR (FHA|USDA|VA) 79 $10,735,000 $135,886 $2,099 5.43%
    The Dalles, OR (FHA|USDA|VA) 42 $6,480,000 $154,286 $3,304 5.19%
    Outside of Metro Areas 27 $4,235,000 $156,852 $2,860 4.88%
    BEND, OR (FHA|USDA|VA) 12 $3,410,000 $284,167 $4,555 4.91%
    Hood River, OR (FHA|USDA|VA) 5 $1,545,000 $309,000 $2,819 5.19%
    MEDFORD, OR (FHA|USDA|VA) 4 $1,230,000 $307,500 $3,544 4.06%
    ALBANY-LEBANON, OR (FHA|USDA|VA) 8 $1,060,000 $132,500 $3,189 4.57%
    Hermiston-Pendleton, OR (FHA|USDA|VA) 2 $940,000 $470,000 $4,900 5.25%
    BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) 2 $930,000 $465,000 $9,836 4.38%
    Newport, OR (FHA|USDA|VA) 5 $875,000 $175,000 $5,473 5.02%
    SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) 2 $850,000 $425,000 $3,848 3.38%
    Centralia, WA (FHA|USDA|VA) 3 $755,000 $251,667 $4,947 4.41%
    EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) 7 $665,000 $95,000 $4,490 5.62%
    BOISE CITY, ID (FHA|USDA|VA) 4 $640,000 $160,000 $1,203 4.37%
    Ellensburg, WA (FHA|USDA|VA) 2 $560,000 $280,000 $346 5.00%
    Astoria, OR (FHA|USDA|VA) 3 $555,000 $185,000 $3,049 4.50%
    Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 3 $465,000 $155,000 $5,068 3.54%
    Aberdeen, WA (FHA|USDA|VA) 2 $460,000 $230,000 $491 5.62%
    LONGVIEW, WA (FHA|USDA|VA) 5 $415,000 $83,000 $1,852 5.02%
    Prineville, OR (FHA|USDA|VA) 2 $390,000 $195,000 $300 4.93%
    Klamath Falls, OR (FHA|USDA|VA) 1 $305,000 $305,000 $5,790 3.25%
    Roseburg, OR (FHA|USDA|VA) 1 $275,000 $275,000 $3,698 4.50%
    La Grande, OR (FHA|USDA|VA) 1 $235,000 $235,000 $3,908 3.88%
    CORVALLIS, OR (FHA|USDA|VA) 1 $105,000 $105,000 $0 4.24%
    YAKIMA, WA (FHA|USDA|VA) 1 $95,000 $95,000 $549 6.74%
    WENATCHEE, WA (FHA|USDA|VA) 1 $55,000 $55,000 $0 5.74%
    GRANTS PASS, OR (FHA|USDA|VA) 1 $25,000 $25,000 $0 8.24%
    Rivermark Community Credit Union's top markets include Portland, Salem, The Dalles, Bend, and Hood River 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: 10
    MARION AND POLK SCHOOLS CREDIT UNION
    Similarity Rank: 528
    Yakima Federal Savings and Loan Association
    Similarity Rank: 700
    OREGONIANS CREDIT UNION
    Similarity Rank: 880
    Wauna Federal Credit Union
    Similarity Rank: 1155
    FIRST COMMUNITY
    Similarity Rank: 1656
    Pacific NW Federal Credit Union
    Similarity Rank: 1781
    iQ Credit Union
    Similarity Rank: 1820
    OREGON COMMUNITY
    Similarity Rank: 1932
    INROADS
    Similarity Rank: 1946

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 677 $188,485,000 $278,412 $3,350 4.68%
    HELOC 477 $44,765,000 $93,847 n/a 5.41%

    For 2022, Rivermark Community Credit Union's most frequently originated type of loan was Conventional, with 677 originations. Their 2nd most popular type was HELOC, with 477 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 436 $135,790,000 $311,445 $3,709 4.75%
    Home Improvement 385 $35,105,000 $91,182 $1,886 5.21%
    Other 157 $15,095,000 $96,146 $1,343 5.94%
    Cash Out Refi 121 $34,645,000 $286,322 $4,536 4.34%
    Refi 55 $12,615,000 $229,364 $3,577 3.88%

    For 2022, Rivermark Community Credit Union's most frequently cited loan purpose was Home Purchase, with 436 originations. The 2nd most popular reason was Home Improvement, with 385 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    20 Year 651 $64,305,000 $98,779 $889 5.48%
    30 Year 387 $157,425,000 $406,783 $5,398 4.31%
    15 Year 68 $8,480,000 $124,706 $2,182 4.44%
    10 Year 36 $2,240,000 $62,222 $1,050 4.49%
    5 Year 11 $435,000 $39,545 $565 4.31%
    30+ year 1 $365,000 $365,000 $0 5.75%

    For 2022, Rivermark Community Credit Union's most frequently cited loan duration was 20 Year, with 651 originations. The 2nd most popular length was 30 Year, with 387 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 259 $24,945,000 $96,313
    $1k-2k 240 $94,040,000 $391,833
    $2k-3k 96 $34,710,000 $361,563
    $5k+ 42 $20,210,000 $481,190
    $3k-4k 29 $10,275,000 $354,310
    $4k-5k 10 $4,200,000 $420,000

    Rivermark Community Credit Union's average total fees were $5,398, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 259 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 349 $80,285,000 $230,043
    3-4% 301 $79,485,000 $264,070
    5-6% 253 $38,495,000 $152,154
    6-7% 120 $15,490,000 $129,083
    7-8% 50 $5,120,000 $102,400
    Over 8% 42 $3,520,000 $83,810
    2.5-3% 26 $8,740,000 $336,154
    <2.5% 13 $2,115,000 $162,692

    During 2022, Rivermark Community Credit Union's average interest rate for loans was 4.31%, while their most frequently originated rate bucket for loans was 4-5%, with 349 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 492 $28,100,000 $57,114 $637 5.48%
    $100k-200k 245 $31,695,000 $129,367 $2,114 5.01%
    $200k-400k 233 $71,685,000 $307,661 $4,934 4.41%
    $400k-600k 140 $68,110,000 $486,500 $5,930 4.34%
    $600k-1MM 40 $27,850,000 $696,250 $7,190 4.37%
    $1MM+ 4 $5,810,000 $1,452,500 $5,971 3.97%

    2022 saw Rivermark Community Credit Union place emphasis on $100,000 or less loans with 492 originations, totaling $28,100,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 364 $69,550,000 $191,071 $3,099 5.11%
    $150k-250k 318 $74,230,000 $233,428 $3,788 5.05%
    $75k-100k 186 $32,550,000 $175,000 $3,206 4.72%
    $50k-75k 144 $20,950,000 $145,486 $3,106 4.89%
    $250k+ 95 $30,935,000 $325,632 $4,238 5.17%
    $50k or less 47 $5,035,000 $107,128 $2,612 4.47%

    Rivermark Community Credit Union lent most frequently to those with incomes in the $100k-150k range, with 364 originations. The second most popular income band? $150k-250k, with 318 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 266 $55,250,000 $207,707 $3,593 4.74%
    30-36% 225 $41,805,000 $185,800 $2,955 5.04%
    <20% 72 $12,120,000 $168,333 $3,420 4.83%
    44% 57 $8,175,000 $143,421 $3,969 5.41%
    42% 56 $10,800,000 $192,857 $2,724 5.23%
    38% 51 $9,185,000 $180,098 $2,647 5.54%
    41% 50 $11,620,000 $232,400 $3,308 5.00%
    36% 47 $10,105,000 $215,000 $3,622 5.12%
    37% 44 $11,970,000 $272,045 $3,004 4.93%
    50-60% 44 $11,490,000 $261,136 $4,496 4.60%
    43% 43 $7,875,000 $183,140 $2,909 4.82%
    40% 43 $11,305,000 $262,907 $3,999 5.21%
    39% 38 $7,060,000 $185,789 $2,266 5.58%
    45% 33 $6,155,000 $186,515 $2,143 4.80%
    46% 26 $6,420,000 $246,923 $6,848 4.86%
    47% 23 $5,035,000 $218,913 $2,795 4.56%
    49% 19 $2,655,000 $139,737 $2,618 4.95%
    48% 16 $3,580,000 $223,750 $3,037 5.00%
    >60% 1 $645,000 $645,000 $4,833 4.63%

    Rivermark Community Credit Union lent most frequently to those with DTI ratios of 20-30%, with 266 originations. The next most common DTI ratio? 30-36%, with 225 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 868 $164,830,000 $189,896 $3,403 4.96%
    Not provided 135 $27,855,000 $206,333 $3,544 5.16%
    Asian 59 $19,815,000 $335,847 $3,820 4.84%
    Asian Indian 27 $8,975,000 $332,407 $1,981 4.57%
    Black 31 $6,385,000 $205,968 $1,738 5.27%
    Other Asian 6 $1,600,000 $266,667 $1,802 4.85%
    Native Hawaiian or Islander 7 $1,345,000 $192,143 $5,595 4.80%
    American Indian 8 $840,000 $105,000 $1,427 5.43%
    Japanese 4 $530,000 $132,500 $255 6.40%
    Vietnamese 2 $440,000 $220,000 $2,878 5.37%
    Guamanian 1 $345,000 $345,000 $3,746 4.13%
    Chinese 3 $165,000 $55,000 $1,127 3.99%
    Filipino 2 $70,000 $35,000 $0 6.74%
    Korean 1 $55,000 $55,000 $549 4.24%

    Approval Rates

    Total approvals of all applications
    87.76%

    Rivermark Community Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    79.12%

    Rivermark Community Credit Union has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 1,154 $233,250,000 $202,123

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    1,154 $233,250,000 $202,123

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 198 $29,690,000 $149,949 $1,836 5.12%
    40-60% 64 $20,670,000 $322,969 $4,589 4.11%
    60-80% 199 $82,375,000 $413,945 $5,539 4.24%
    80-100% 133 $61,595,000 $463,120 $6,147 4.46%
    Under 20% 560 $38,920,000 $69,500 $643 5.42%