Columbia Community Credit Union Mortgage Rates, Fees & Info

Vancouver, WA

LEI: 5493000D6RXLNBZQYA47

Tax ID: 91-0617775

5 stars - out of 5 stars, based on 45 reviews

2021 Data | 2020 Data | 2019 Data | 2018 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

2,060

Origination Dollar Volume (All Markets)

$390,750,000

Awards

COLUMBIA COMMUNITY CREDIT UNION 30 Year Conventional Loans silver COLUMBIA COMMUNITY CREDIT UNION FHA Loans gold
Show all (2) awards

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 applications
80.40%

Columbia Community Credit Union has a below average approval rate.

Pick Rate

Approvals leading to origination
75.68%

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%