Columbia Community Credit Union Mortgage Rates, Fees & Info
Vancouver, WALEI: 5493000D6RXLNBZQYA47
Tax ID: 91-0617775
2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Overview
Columbia Community Credit Union is a smaller credit union specializing in Refi, Cash Out Refi, and Home Purchase loans. Columbia Community Credit Union has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets include Portland, Longview, Seattle, Spokane, and Salem among others. Columbia Community Credit Union has an average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. Columbia Community Credit Union is typically an average fee lendor.Originations
2,060Origination Dollar Volume (All Markets)
$390,750,000Awards
COLUMBIA COMMUNITY CREDIT UNION - 2021
COLUMBIA COMMUNITY CREDIT UNION is a 2021 , due to their low .
For 2021, less than of lenders were eligible for this award.
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Relative Rate
Columbia Community Credit Union's average 30 year fixed rate mortgage of loans were
3.16%.
The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.
This yields a difference of 0.01%.
Relative Fees
Columbia Community Credit Union's average total fees for a 30 year fixed rate
mortgage are $3,642.
The average total origination fees for 30 year fixed rate mortgages (for all loan values, including
both points & up-front fees in addition to origination fees) are $4,750.
Top Markets
| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 1,873 | $345,355,000 | $184,386 | $3,036 | 2.73% |
| LONGVIEW, WA (FHA|USDA|VA) | 75 | $16,665,000 | $222,200 | $4,322 | 2.87% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 34 | $6,250,000 | $183,824 | $2,530 | 2.90% |
| Outside of Metro Areas | 16 | $6,020,000 | $376,250 | $4,426 | 3.08% |
| SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) | 4 | $3,190,000 | $797,500 | $0 | 2.78% |
| SALEM, OR (FHA|USDA|VA) | 4 | $2,590,000 | $647,500 | $3,977 | 2.84% |
| Centralia, WA (FHA|USDA|VA) | 11 | $1,635,000 | $148,636 | $3,459 | 2.79% |
| BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) | 3 | $1,015,000 | $338,333 | $3,764 | 3.00% |
| Astoria, OR (FHA|USDA|VA) | 2 | $960,000 | $480,000 | $0 | 3.94% |
| KENNEWICK-RICHLAND, WA (FHA|USDA|VA) | 3 | $735,000 | $245,000 | $3,102 | 2.79% |
| Newport, OR (FHA|USDA|VA) | 1 | $635,000 | $635,000 | $0 | 3.88% |
| OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) | 4 | $620,000 | $155,000 | $2,268 | 2.28% |
| BEND, OR (FHA|USDA|VA) | 4 | $590,000 | $147,500 | $3,685 | 3.19% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $0 | 3.13% |
| Cedar City, UT (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $3,586 | 3.13% |
| BOISE CITY, ID (FHA|USDA|VA) | 2 | $410,000 | $205,000 | $3,521 | 2.88% |
| TUCSON, AZ (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $2,932 | 3.38% |
| EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) | 3 | $345,000 | $115,000 | $3,864 | 3.25% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $2,546 | 2.38% |
| Aberdeen, WA (FHA|USDA|VA) | 2 | $330,000 | $165,000 | $4,085 | 2.43% |
| The Dalles, OR (FHA|USDA|VA) | 3 | $265,000 | $88,333 | $0 | 2.29% |
| Shelton, WA (FHA|USDA|VA) | 2 | $220,000 | $110,000 | $2,367 | 2.43% |
| LINCOLN, NE (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $2,799 | 3.50% |
| OGDEN-CLEARFIELD, UT (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $3,013 | 3.00% |
| Roseburg, OR (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $2,874 | 3.38% |
| Hermiston-Pendleton, OR (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $2,408 | 3.00% |
| Outside of Metro Areas | 1 | $145,000 | $145,000 | $0 | 3.00% |
| Pullman, WA (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $3,279 | 2.25% |
| WENATCHEE, WA (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 3.00% |
| Hood River, OR (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 1.99% |
| Klamath Falls, OR (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 1.99% |
| YAKIMA, WA (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 1.99% |
Columbia Community Credit Union's top markets include Portland, Longview, Seattle, Spokane, and Salem among others.
Product Mix
| Loan Type | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Conventional | 2,043 | $383,385,000 | $187,658 | $2,982 | 2.74% |
| FHA | 11 | $4,405,000 | $400,455 | $11,569 | 2.66% |
| VA | 6 | $2,960,000 | $493,333 | $9,886 | 2.58% |
For the 2021 period, Columbia Community Credit Union's most frequently originated loan type of loans were Conventional, with 2,043 originations. Their 2nd most popular type is FHA, with 11 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Home Improvement | 666 | $44,080,000 | $66,186 | $459 | 2.26% |
| Refi | 533 | $107,895,000 | $202,430 | $2,722 | 3.01% |
| Cash Out Refi | 395 | $112,295,000 | $284,291 | $3,165 | 3.14% |
| Home Purchase | 267 | $113,065,000 | $423,464 | $5,019 | 3.01% |
| Other | 199 | $13,415,000 | $67,412 | $900 | 2.47% |
For the 2021, Columbia Community Credit Union's most frequently cited loan purpose of loans were Home Improvement, with 666 originations. The 2nd most popular reason of loans were Refi, with 533 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 950 | $67,460,000 | $71,011 | $1,185 | 2.20% |
| 30 Year | 708 | $226,330,000 | $319,675 | $3,642 | 3.16% |
| 15 Year | 236 | $40,730,000 | $172,585 | $2,248 | 3.05% |
| 10 Year | 70 | $35,960,000 | $513,714 | $593 | 4.20% |
| 20 Year | 62 | $13,780,000 | $222,258 | $2,867 | 2.87% |
| 5 Year | 23 | $1,035,000 | $45,000 | $425 | 4.14% |
| 30+ year | 11 | $5,455,000 | $495,909 | $13,268 | 2.97% |
For the 2021, Columbia Community Credit Union's most frequently cited loan length of loans were Other, with 950 originations. The 2nd most popular length of loans were 30 Year, with 708 originations.
Origination Fees
| Origination Fee | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 678 | $158,630,000 | $233,968 |
| $1k-2k | 279 | $76,215,000 | $273,172 |
| $2k-3k | 50 | $17,910,000 | $358,200 |
| $5k+ | 37 | $18,945,000 | $512,027 |
| $3k-4k | 30 | $11,210,000 | $373,667 |
$3,642 of loans were Columbia Community Credit Union's average total fees, while their most frequently occuring range of origination fees were in the $<1k bucket, with 678 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| <2.5% | 989 | $85,155,000 | $86,102 |
| 3-4% | 516 | $148,490,000 | $287,771 |
| 2.5-3% | 432 | $121,370,000 | $280,949 |
| 4-5% | 85 | $25,185,000 | $296,294 |
| 5-6% | 26 | $7,890,000 | $303,462 |
| 6-7% | 10 | $610,000 | $61,000 |
| 7-8% | 1 | $35,000 | $35,000 |
During 2021, Columbia Community Credit Union's average interest rate of loans were 3.16%, while their most frequently originated rate bucket of loans were <2.5%, with 989 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $100,000 or less | 854 | $44,570,000 | $52,190 | $884 | 2.50% |
| $200k-400k | 510 | $145,270,000 | $284,843 | $3,359 | 3.07% |
| $100k-200k | 495 | $68,325,000 | $138,030 | $2,383 | 2.65% |
| $400k-600k | 163 | $78,215,000 | $479,847 | $4,925 | 3.11% |
| $600k-1MM | 28 | $20,340,000 | $726,429 | $6,543 | 3.24% |
| $1MM+ | 10 | $34,030,000 | $3,403,000 | $13,674 | 3.79% |
2021 saw Columbia Community Credit Union place emphasis on $100,000 or less loans with 854 originations, totaling $44,570,000 in origination value.
Applicant Income
| Applicant Income | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $100k-150k | 592 | $106,650,000 | $180,152 | $3,294 | 2.71% |
| $75k-100k | 402 | $64,410,000 | $160,224 | $2,953 | 2.74% |
| $50k-75k | 398 | $59,810,000 | $150,276 | $2,851 | 2.75% |
| $150k-250k | 339 | $69,085,000 | $203,791 | $3,382 | 2.72% |
| $50k or less | 197 | $26,645,000 | $135,254 | $2,538 | 2.84% |
| $250k+ | 104 | $31,420,000 | $302,115 | $5,104 | 2.70% |
Columbia Community Credit Union lent most frequently to those with incomes in the $100k-150k range, with 592 originations. The second most popular income band? $75k-100k, with 402 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-30% | 476 | $80,160,000 | $168,403 | $2,821 | 2.71% |
| 30-36% | 381 | $67,965,000 | $178,386 | $3,079 | 2.84% |
| <20% | 194 | $37,490,000 | $193,247 | $3,134 | 2.67% |
| 44% | 107 | $16,845,000 | $157,430 | $3,905 | 2.59% |
| 42% | 87 | $16,075,000 | $184,770 | $2,708 | 3.18% |
| 41% | 87 | $16,175,000 | $185,920 | $3,258 | 2.81% |
| 49% | 87 | $11,585,000 | $133,161 | $3,638 | 2.58% |
| 39% | 84 | $16,770,000 | $199,643 | $3,017 | 2.98% |
| 37% | 74 | $13,170,000 | $177,973 | $2,927 | 2.77% |
| 43% | 73 | $14,415,000 | $197,466 | $3,365 | 2.71% |
| 40% | 66 | $12,330,000 | $186,818 | $2,695 | 2.95% |
| 38% | 62 | $10,420,000 | $168,065 | $3,457 | 2.71% |
| 36% | 58 | $13,370,000 | $230,517 | $2,946 | 2.82% |
| 48% | 47 | $6,915,000 | $147,128 | $3,390 | 2.46% |
| 46% | 45 | $7,845,000 | $174,333 | $4,226 | 2.49% |
| 47% | 43 | $6,195,000 | $144,070 | $3,432 | 2.42% |
| 50-60% | 42 | $4,790,000 | $114,048 | $10,951 | 2.08% |
| 45% | 36 | $6,310,000 | $175,278 | $4,125 | 2.62% |
| >60% | 1 | $385,000 | $385,000 | $2,392 | 3.25% |
Columbia Community Credit Union lent most frequently to those with DTI ratios of 20-30%, with 476 originations. The next most common DTI ratio? 30-36%, with 381 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 1,722 | $298,210,000 | $173,177 | $3,071 | 2.73% |
| Not provided | 195 | $34,865,000 | $178,795 | $3,140 | 2.69% |
| Not applicable | 10 | $31,540,000 | $3,154,000 | $0 | 4.14% |
| Asian | 81 | $17,085,000 | $210,926 | $3,682 | 2.79% |
| American Indian | 19 | $4,355,000 | $229,211 | $4,057 | 2.90% |
| Black | 23 | $3,205,000 | $139,348 | $3,157 | 2.87% |
| Native Hawaiian | 9 | $1,435,000 | $159,444 | $1,797 | 2.92% |
| Asian Indian | 1 | $55,000 | $55,000 | $0 | 1.99% |
Approval Rates
Total approvals of all applications80.40%
Columbia Community Credit Union has a below average approval rate.
Pick Rate
Approvals leading to origination75.68%
Columbia Community Credit Union has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 2,060 | $390,750,000 | $189,684 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| 2,060 | $390,750,000 | $189,684 |
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-40% | 312 | $41,850,000 | $134,135 | $2,495 | 2.56% |
| 40-60% | 295 | $73,315,000 | $248,525 | $2,880 | 2.92% |
| 60-80% | 401 | $167,345,000 | $417,319 | $3,878 | 3.21% |
| 80-100% | 142 | $54,710,000 | $385,282 | $4,562 | 3.08% |
| Over 100% | 1 | $395,000 | $395,000 | $13,615 | 2.50% |
| Under 20% | 909 | $53,135,000 | $58,454 | $463 | 2.49% |
Complaints
| Bank Name | Product | Issue | 2021 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| COLUMBIA BANKING SYSTEM, INC. | Conventional home mortgage | Trouble during payment process | 1 | 50.0% |
| COLUMBIA BANKING SYSTEM, INC. | Other type of mortgage | Trouble during payment process | 1 | 50.0% |
