Hapo Community Credit Union Mortgage Rates, Fees & Info

Richland, WA

LEI: 54930097J3TUZXBXXE75

Tax ID: 91-1792217

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

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  • 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

    Hapo Community Credit Union is a smaller credit union specializing in Refi, Cash Out Refi, and Home Purchase loans. Hapo Community Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Kennewick, Yakima, Portland, Hermiston, and Walla Walla among others. We have data for 21 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Hapo 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. Hapo Community Credit Union is typically a low 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
    30 Year Conventional Purchase 6.53% 4/18/24
    30 Year Conventional Refi 6.80% 4/18/24
    30 Year Cash-out Refi 6.83% 4/18/24
    30 Year FHA Purchase 6.17% 4/18/24
    30 Year FHA Refi 6.27% 4/18/24
    30 Year VA Purchase 5.87% 4/18/24
    15 Year Conventional Purchase 6.22% 4/18/24
    15 Year Conventional Refi 6.26% 4/18/24
    15 Year Cash-out Refi 6.26% 4/18/24
    15 Year FHA Purchase 5.68% 4/18/24
    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.

    Hapo 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 Hapo 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

    768

    Origination Dollar Volume (All Markets)

    $149,060,000

    Awards

    HAPO COMMUNITY CREDIT UNION 30 Year Conventional Loans bronze
    Show all (1) 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
    KENNEWICK-RICHLAND, WA (FHA|USDA|VA) 506 $96,560,000 $190,830 $2,736 3.58%
    YAKIMA, WA (FHA|USDA|VA) 145 $23,135,000 $159,552 $3,172 3.63%
    PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 31 $13,815,000 $445,645 $4,288 3.67%
    Hermiston-Pendleton, OR (FHA|USDA|VA) 28 $4,820,000 $172,143 $3,194 3.55%
    WALLA WALLA, WA (FHA|USDA|VA) 22 $3,200,000 $145,455 $2,443 3.65%
    Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 6 $1,710,000 $285,000 $3,354 3.69%
    SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) 7 $1,415,000 $202,143 $2,645 3.39%
    Outside of Metro Areas 5 $955,000 $191,000 $3,678 3.45%
    LEWISTON, ID-WA (FHA|USDA|VA) 2 $640,000 $320,000 $3,651 3.44%
    BELLINGHAM, WA (FHA|USDA|VA) 1 $465,000 $465,000 $7,627 2.75%
    Othello, WA (FHA|USDA|VA) 3 $435,000 $145,000 $2,782 3.42%
    Moses Lake, WA (FHA|USDA|VA) 2 $300,000 $150,000 $3,309 2.81%
    Centralia, WA (FHA|USDA|VA) 1 $295,000 $295,000 $4,663 2.88%
    LONGVIEW, WA (FHA|USDA|VA) 1 $285,000 $285,000 $4,279 3.88%
    MISSOULA, MT (FHA|USDA|VA) 1 $255,000 $255,000 $3,330 3.50%
    Newport, OR (FHA|USDA|VA) 1 $225,000 $225,000 $5,559 2.38%
    WENATCHEE, WA (FHA|USDA|VA) 1 $175,000 $175,000 $4,238 5.25%
    La Grande, OR (FHA|USDA|VA) 1 $135,000 $135,000 $1,965 3.75%
    Ellensburg, WA (FHA|USDA|VA) 2 $120,000 $60,000 $522 4.50%
    LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 1 $85,000 $85,000 $2,416 3.50%
    MOUNT VERNON-ANACORTES, WA (FHA|USDA|VA) 1 $35,000 $35,000 $1,009 4.75%
    Hapo Community Credit Union's top markets include Kennewick, Yakima, Portland, Hermiston, and Walla Walla among others.

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

    • Similar Lenders

    We use machine learning to identify the top lenders compared against HAPO 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: 434
    CASTPARTS EMPLOYEES
    Similarity Rank: 524
    Solarity Credit Union
    Similarity Rank: 858
    OREGONIANS CREDIT UNION
    Similarity Rank: 948
    U S WIDE FINANCIAL LLC
    Similarity Rank: 988
    Pacific NW Federal Credit Union
    Similarity Rank: 1344
    Wheatland Bank
    Similarity Rank: 1404
    Wauna Federal Credit Union
    Similarity Rank: 1644
    COAST 2 COAST FUNDING GROUP, INC.
    Similarity Rank: 1653
    INROADS
    Similarity Rank: 1680

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 768 $149,060,000 $194,089 $2,909 3.59%

    For 2020, Hapo Community Credit Union's most frequently originated type of loan was Conventional, with 768 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 190 $39,720,000 $209,053 $3,175 3.06%
    Home Improvement 185 $23,785,000 $128,568 $2,034 4.02%
    Cash Out Refi 175 $41,285,000 $235,914 $3,255 3.62%
    Home Purchase 153 $38,715,000 $253,039 $4,049 3.37%
    Other 65 $5,555,000 $85,462 $1,040 4.40%

    For 2020, Hapo Community Credit Union's most frequently cited loan purpose was Refi, with 190 originations. The 2nd most popular reason was Home Improvement, with 185 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 373 $95,675,000 $256,501 $3,788 3.46%
    15 Year 283 $37,695,000 $133,198 $2,068 3.70%
    10 Year 64 $5,700,000 $89,063 $945 4.03%
    20 Year 43 $9,135,000 $212,442 $3,565 3.27%
    Other 2 $190,000 $95,000 $983 4.00%
    1 Year 1 $65,000 $65,000 $1,107 6.50%
    30+ year 1 $595,000 $595,000 $13,234 3.50%
    5 Year 1 $5,000 $5,000 $925 5.00%

    For 2020, Hapo Community Credit Union's most frequently cited loan duration was 30 Year, with 373 originations. The 2nd most popular length was 15 Year, with 283 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 298 $40,760,000 $136,779
    $1k-2k 229 $37,625,000 $164,301
    $2k-3k 158 $36,660,000 $232,025
    $3k-4k 50 $19,000,000 $380,000
    $4k-5k 19 $6,955,000 $366,053
    $5k+ 12 $6,570,000 $547,500

    Hapo Community Credit Union's average total fees were $3,788, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 298 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 366 $80,470,000 $219,863
    2.5-3% 184 $40,790,000 $221,685
    4-5% 161 $19,715,000 $122,453
    <2.5% 33 $6,395,000 $193,788
    5-6% 21 $1,175,000 $55,952
    6-7% 3 $515,000 $171,667

    During 2020, Hapo Community Credit Union's average interest rate for loans was 3.46%, while their most frequently originated rate bucket for loans was 3-4%, with 366 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 298 $81,220,000 $272,550 $3,839 3.33%
    $100k-200k 223 $33,045,000 $148,184 $2,942 3.38%
    $100,000 or less 208 $12,050,000 $57,933 $957 4.21%
    $400k-600k 33 $14,685,000 $445,000 $5,579 3.45%
    $1MM+ 3 $6,165,000 $2,055,000 $11,712 4.08%
    $600k-1MM 3 $1,895,000 $631,667 $7,223 3.54%

    2020 saw Hapo Community Credit Union place emphasis on $200k-400k loans with 298 originations, totaling $81,220,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 201 $41,975,000 $208,831 $3,164 3.54%
    $50k-75k 171 $28,375,000 $165,936 $2,739 3.55%
    $75k-100k 154 $27,390,000 $177,857 $2,805 3.66%
    $50k or less 122 $15,150,000 $124,180 $2,445 3.59%
    $150k-250k 99 $24,425,000 $246,717 $3,118 3.64%
    $250k+ 17 $9,605,000 $565,000 $4,768 3.68%

    Hapo Community Credit Union lent most frequently to those with incomes in the $100k-150k range, with 201 originations. The second most popular income band? $50k-75k, with 171 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 213 $38,965,000 $182,934 $2,836 3.49%
    30-36% 172 $36,010,000 $209,360 $2,965 3.63%
    <20% 88 $14,740,000 $167,500 $2,719 3.37%
    42% 38 $7,760,000 $204,211 $3,039 3.71%
    41% 37 $8,965,000 $242,297 $2,584 3.64%
    39% 33 $5,905,000 $178,939 $3,231 3.56%
    38% 33 $5,225,000 $158,333 $2,897 3.57%
    36% 27 $4,935,000 $182,778 $3,291 3.74%
    40% 26 $5,820,000 $223,846 $3,265 3.94%
    37% 26 $4,170,000 $160,385 $2,875 3.67%
    43% 26 $5,120,000 $196,923 $2,950 3.94%
    44% 24 $4,300,000 $179,167 $2,797 3.91%
    48% 6 $1,610,000 $268,333 $3,299 3.58%
    45% 5 $1,055,000 $211,000 $2,465 3.38%
    49% 5 $1,475,000 $295,000 $3,720 3.23%
    46% 3 $525,000 $175,000 $2,867 3.33%
    47% 2 $170,000 $85,000 $1,508 3.69%
    >60% 2 $820,000 $410,000 $3,363 3.31%

    Hapo Community Credit Union lent most frequently to those with DTI ratios of 20-30%, with 213 originations. The next most common DTI ratio? 30-36%, with 172 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 668 $128,530,000 $192,410 $2,863 3.60%
    Not provided 68 $12,820,000 $188,529 $3,119 3.52%
    Asian 14 $2,920,000 $208,571 $3,436 3.42%
    Black 8 $2,030,000 $253,750 $3,892 3.59%
    American Indian 8 $1,650,000 $206,250 $3,077 3.47%
    Not applicable 1 $1,055,000 $1,055,000 $0 4.00%
    Japanese 1 $55,000 $55,000 $0 4.50%

    Approval Rates

    Total approvals of all applications
    86.62%

    Hapo Community Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    77.73%

    Hapo Community Credit Union has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 768 $149,060,000 $194,089

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 1 $1,055,000 $1,055,000
    Single Family (1-4 Units):Manufactured 18 $2,480,000 $137,778
    Single Family (1-4 Units):Site-Built 749 $145,525,000 $194,292

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 95 $8,675,000 $91,316 $1,411 3.94%
    40-60% 165 $31,855,000 $193,061 $3,165 3.20%
    60-80% 262 $66,400,000 $253,435 $3,679 3.44%
    80-100% 133 $35,805,000 $269,211 $4,090 3.38%
    Under 20% 113 $6,325,000 $55,973 $543 4.46%