Inroads Federal Credit Union Mortgage Rates, Fees & Info

St Helens, OR

LEI: 5493002Q15QUDX4RGW52

Tax ID: 93-0401489

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Jump to:

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

    Inroads Federal Credit Union is a smaller credit union specializing in Home Purchase and Cash Out Refi loans. Inroads Federal Credit Union has a high proportion of conventional loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Portland, Longview, Newport, Roseburg, and Eugene among others. We have data for 8 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Inroads Federal 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. Inroads Federal 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.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.


    Originations

    101

    Origination Dollar Volume (All Markets)

    $16,855,000

    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) 89 $14,635,000 $164,438 $3,562 4.83%
    LONGVIEW, WA (FHA|USDA|VA) 4 $510,000 $127,500 $3,016 4.81%
    Newport, OR (FHA|USDA|VA) 2 $480,000 $240,000 $4,722 4.94%
    Roseburg, OR (FHA|USDA|VA) 1 $445,000 $445,000 $8,251 4.38%
    Outside of Metro Areas 2 $370,000 $185,000 $4,906 4.69%
    EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) 1 $165,000 $165,000 $4,065 5.50%
    BEND, OR (FHA|USDA|VA) 1 $135,000 $135,000 $3,941 4.00%
    SALEM, OR (FHA|USDA|VA) 1 $115,000 $115,000 $1,889 5.25%
    Inroads Federal Credit Union's top markets include Portland, Longview, Newport, Roseburg, and Eugene among others.

    Their top states include:
  • Oregon (FHA|USDA|VA)
  • Washington (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against InRoads Federal 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: 33
    Yakima Federal Savings and Loan Association
    Similarity Rank: 360
    CASTPARTS EMPLOYEES
    Similarity Rank: 900
    OREGON COMMUNITY
    Similarity Rank: 969
    Clackamas Federal Credit Union
    Similarity Rank: 1298
    InRoads Federal Credit Union
    Similarity Rank: 1432
    Unitus Community Credit Union
    Similarity Rank: 1443
    COLUMBIA COMMUNITY CREDIT UNION
    Similarity Rank: 1720
    Mortgage Trust, Inc.
    Similarity Rank: 1778
    Great Plains National Bank
    Similarity Rank: 1869

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 99 $16,415,000 $165,808 $3,703 4.84%
    USDA 2 $440,000 $220,000 $0 4.00%

    For 2018, Inroads Federal Credit Union's most frequently originated type of loan was Conventional, with 99 originations. Their 2nd most popular type was USDA, with 2 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 31 $7,005,000 $225,968 $4,148 4.82%
    Cash Out Refi 26 $4,810,000 $185,000 $4,536 4.50%
    Other 17 $1,625,000 $95,588 $2,093 5.26%
    Home Improvement 14 $840,000 $60,000 $1,662 4.98%
    Refi 13 $2,575,000 $198,077 $4,553 4.75%

    For 2018, Inroads Federal Credit Union's most frequently cited loan purpose was Home Purchase, with 31 originations. The 2nd most popular reason was Cash Out Refi, with 26 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 42 $11,170,000 $265,952 $5,187 4.65%
    15 Year 28 $3,020,000 $107,857 $2,737 4.68%
    20 Year 24 $2,320,000 $96,667 $2,611 5.12%
    10 Year 7 $345,000 $49,286 $1,214 5.46%

    For 2018, Inroads Federal Credit Union's most frequently cited loan duration was 30 Year, with 42 originations. The 2nd most popular length was 15 Year, with 28 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 36 $2,200,000 $61,111
    $2k-3k 25 $5,605,000 $224,200
    $1k-2k 24 $3,060,000 $127,500
    $3k-4k 7 $1,855,000 $265,000
    $4k-5k 5 $2,065,000 $413,000
    $5k+ 4 $2,070,000 $517,500

    Inroads Federal Credit Union's average total fees were $5,187, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 36 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 61 $11,855,000 $194,344
    5-6% 29 $3,155,000 $108,793
    3-4% 9 $1,745,000 $193,889
    6-7% 2 $100,000 $50,000

    During 2018, Inroads Federal Credit Union's average interest rate for loans was 4.65%, while their most frequently originated rate bucket for loans was 4-5%, with 61 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 39 $2,065,000 $52,949 $1,562 5.16%
    $100k-200k 27 $3,875,000 $143,519 $3,902 4.55%
    $200k-400k 26 $6,610,000 $254,231 $4,910 4.65%
    $400k-600k 9 $4,305,000 $478,333 $8,095 4.69%

    2018 saw Inroads Federal Credit Union place emphasis on $100,000 or less loans with 39 originations, totaling $2,065,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 30 $4,940,000 $164,667 $3,509 4.60%
    $50k or less 21 $2,175,000 $103,571 $3,076 4.80%
    $100k-150k 18 $3,520,000 $195,556 $4,045 4.74%
    $75k-100k 15 $1,795,000 $119,667 $2,991 5.04%
    $150k-250k 10 $2,260,000 $226,000 $4,021 5.11%
    $250k+ 7 $2,165,000 $309,286 $5,599 5.21%

    Inroads Federal Credit Union lent most frequently to those with incomes in the $50k-75k range, with 30 originations. The second most popular income band? $50k or less, with 21 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 24 $3,860,000 $160,833 $3,866 4.70%
    30-36% 24 $4,120,000 $171,667 $3,518 4.80%
    45% 7 $1,075,000 $153,571 $2,586 5.11%
    43% 7 $1,675,000 $239,286 $4,425 4.71%
    41% 5 $775,000 $155,000 $3,001 4.58%
    42% 5 $925,000 $185,000 $3,256 4.63%
    <20% 4 $580,000 $145,000 $3,877 5.09%
    39% 4 $440,000 $110,000 $2,866 5.03%
    38% 3 $375,000 $125,000 $3,128 5.46%
    46% 3 $285,000 $95,000 $2,517 4.96%
    44% 2 $190,000 $95,000 $3,285 4.69%
    50-60% 2 $100,000 $50,000 $1,068 5.25%
    37% 2 $300,000 $150,000 $4,049 5.25%
    40% 2 $270,000 $135,000 $3,489 4.81%
    47% 2 $530,000 $265,000 $5,264 5.19%
    48% 2 $540,000 $270,000 $5,945 4.50%
    49% 2 $670,000 $335,000 $7,382 4.63%
    36% 1 $145,000 $145,000 $4,492 4.38%

    Inroads Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 24 originations. The next most common DTI ratio? 30-36%, with 24 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 99 $16,485,000 $166,515 $3,615 4.83%
    Asian 2 $370,000 $185,000 $4,334 4.63%

    Approval Rates

    Total approvals of all applications
    89.70%

    Inroads Federal Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    61.39%

    Inroads Federal 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 101 $16,855,000 $166,881

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 10 $1,020,000 $102,000
    Single Family (1-4 Units):Site-Built 91 $15,835,000 $174,011

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 17 $1,645,000 $96,765 $2,731 4.72%
    40-60% 21 $3,795,000 $180,714 $4,547 4.54%
    60-80% 25 $6,965,000 $278,600 $5,559 4.69%
    80-100% 12 $3,220,000 $268,333 $4,579 4.75%
    Under 20% 26 $1,230,000 $47,308 $1,215 5.29%