Inroads Mortgage Rates, Fees & Info

Saint Helens, OR

LEI: 5493002QI5QUDX4RGW52

Tax ID: 93-0401489

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

    Inroads is a smaller mortgage company specializing in Cash Out Refi and Home Purchase loans. Inroads has a high proportion of conventional loans. They have a low ratio of USDA loans. Their top two markets are Portland and Longview .

    Inroads 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 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.

    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.82% 11/23/24
    30 Year Conventional Refi 6.27% 11/23/24
    30 Year Cash-out Refi 6.95% 11/23/24
    15 Year Conventional Purchase 6.48% 11/23/24
    15 Year Conventional Refi 5.68% 11/23/24
    15 Year Cash-out Refi 5.68% 11/23/24
    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.

    Inroads Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Inroads. 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

    113

    Origination Dollar Volume (All Markets)

    $21,015,000

    Awards

    INROADS 30 Year Conventional Loans silver INROADS 30 Year Conventional Loans silver
    Show all (2) 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) 110 $20,540,000 $186,727 $4,267 4.60%
    Outside of Metro Areas 2 $280,000 $140,000 $4,349 3.81%
    LONGVIEW, WA (FHA|USDA|VA) 1 $195,000 $195,000 $4,519 4.88%
    Inroads's top markets include Portland and Longview 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 based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    Yakima Federal Savings and Loan Association
    Similarity Rank: 414
    INROADS
    Similarity Rank: 549
    iQ Credit Union
    Similarity Rank: 851
    Clackamas Federal Credit Union
    Similarity Rank: 918
    OREGONIANS CREDIT UNION
    Similarity Rank: 948
    CASTPARTS EMPLOYEES
    Similarity Rank: 1170
    Consolidated Federal Credit Union
    Similarity Rank: 1220
    First Federal
    Similarity Rank: 1240
    FIRST COMMUNITY
    Similarity Rank: 1464
    FLAT BRANCH MORTGAGE, INC.
    Similarity Rank: 1518

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 106 $19,090,000 $180,094 $4,089 4.63%
    VA 4 $1,200,000 $300,000 $6,084 3.91%
    USDA 3 $725,000 $241,667 $8,697 3.88%

    For 2019, Inroads's most frequently originated type of loan was Conventional, with 106 originations. Their 2nd most popular type was VA, with 4 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 38 $7,120,000 $187,368 $4,271 4.55%
    Home Purchase 29 $7,555,000 $260,517 $5,861 4.18%
    Other 22 $2,120,000 $96,364 $2,370 5.38%
    Refi 18 $3,890,000 $216,111 $5,110 3.91%
    Home Improvement 6 $330,000 $55,000 $883 5.88%

    For 2019, Inroads's most frequently cited loan purpose was Cash Out Refi, with 38 originations. The 2nd most popular reason was Home Purchase, with 29 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 60 $15,820,000 $263,667 $5,926 3.95%
    20 Year 23 $2,535,000 $110,217 $2,401 5.74%
    15 Year 21 $2,255,000 $107,381 $2,797 4.82%
    10 Year 9 $405,000 $45,000 $1,339 5.32%

    For 2019, Inroads's most frequently cited loan duration was 30 Year, with 60 originations. The 2nd most popular length was 20 Year, with 23 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 30 $2,300,000 $76,667
    $3k-4k 29 $8,305,000 $286,379
    $1k-2k 23 $2,505,000 $108,913
    $2k-3k 20 $4,410,000 $220,500
    $4k-5k 7 $2,385,000 $340,714
    $5k+ 2 $680,000 $340,000

    Inroads's average total fees were $5,926, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 30 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 46 $11,380,000 $247,391
    4-5% 24 $5,790,000 $241,250
    5-6% 20 $1,660,000 $83,000
    6-7% 17 $1,155,000 $67,941
    2.5-3% 5 $985,000 $197,000
    7-8% 1 $45,000 $45,000

    During 2019, Inroads's average interest rate for loans was 3.95%, while their most frequently originated rate bucket for loans was 3-4%, with 46 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 48 $13,150,000 $273,958 $6,257 3.89%
    $100,000 or less 35 $1,995,000 $57,000 $1,377 5.77%
    $100k-200k 25 $3,685,000 $147,400 $4,004 4.35%
    $400k-600k 5 $2,185,000 $437,000 $7,141 4.10%

    2019 saw Inroads place emphasis on $200k-400k loans with 48 originations, totaling $13,150,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 40 $7,370,000 $184,250 $4,738 4.32%
    $75k-100k 26 $5,470,000 $210,385 $4,440 4.66%
    $100k-150k 23 $4,855,000 $211,087 $4,371 4.69%
    $50k or less 13 $1,165,000 $89,615 $2,520 4.69%
    $150k-250k 9 $1,775,000 $197,222 $3,559 5.08%
    $250k+ 2 $380,000 $190,000 $5,715 4.81%

    Inroads lent most frequently to those with incomes in the $50k-75k range, with 40 originations. The second most popular income band? $75k-100k, with 26 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 28 $4,830,000 $172,500 $4,329 4.22%
    30-36% 24 $4,460,000 $185,833 $4,205 4.71%
    38% 11 $1,565,000 $142,273 $3,166 5.05%
    40% 9 $2,125,000 $236,111 $4,133 4.74%
    42% 8 $1,320,000 $165,000 $3,782 5.59%
    39% 6 $1,240,000 $206,667 $4,315 4.52%
    37% 5 $1,005,000 $201,000 $6,119 4.60%
    36% 5 $1,425,000 $285,000 $6,225 3.63%
    43% 4 $590,000 $147,500 $3,227 5.06%
    41% 4 $580,000 $145,000 $3,918 4.56%
    44% 4 $730,000 $182,500 $4,604 4.28%
    <20% 3 $405,000 $135,000 $3,896 4.17%
    47% 1 $335,000 $335,000 $6,200 3.75%
    50-60% 1 $405,000 $405,000 $7,462 4.00%

    Inroads lent most frequently to those with DTI ratios of 20-30%, with 28 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 108 $20,090,000 $186,019 $4,257 4.60%
    Asian 3 $825,000 $275,000 $6,073 4.00%
    American Indian 1 $55,000 $55,000 $1,489 5.75%
    Black 1 $45,000 $45,000 $3,092 3.63%

    Approval Rates

    Total approvals of all applications
    87.74%

    Inroads has an average approval rate.

    Pick Rate

    Approvals leading to origination
    70.80%

    Inroads has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 113 $21,015,000 $185,973

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 9 $1,225,000 $136,111
    Single Family (1-4 Units):Site-Built 104 $19,790,000 $190,288

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 19 $2,035,000 $107,105 $2,554 5.09%
    40-60% 16 $3,120,000 $195,000 $5,027 3.98%
    60-80% 35 $8,625,000 $246,429 $5,633 4.14%
    80-100% 19 $5,825,000 $306,579 $6,675 3.87%
    Over 100% 1 $255,000 $255,000 $5,311 4.25%
    Under 20% 23 $1,155,000 $50,217 $1,120 5.89%