Marion And Polk Schools Credit Union Mortgage Rates, Fees & Info
Salem, ORLEI: 549300CDLJDN8ENOT455
Tax ID: 93-0465543
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Mortgage Data
Review & Overview
Marion And Polk Schools Credit Union is a smaller credit union specializing in Home Improvement and Home Purchase loans. Marion And Polk Schools Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Salem, Portland, San Jose, Albany, and Los Angeles among others. We have data for 42 markets. (Some data included below & more in-depth data is available with an active subscription.)Marion And Polk Schools Credit Union has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Marion And Polk Schools 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 6.31% | 4/14/24 |
| 30 Year Conventional Purchase | 6.45% | 4/14/24 |
| 30 Year Conventional Refi | 6.33% | 4/14/24 |
| 30 Year Cash-out Refi | 6.52% | 4/14/24 |
| 30 Year FHA Purchase | 6.27% | 4/14/24 |
| 30 Year VA Purchase | 6.27% | 4/14/24 |
| 15 Year Conventional Purchase | 5.79% | 4/14/24 |
| 15 Year Conventional Refi | 6.05% | 4/14/24 |
| 15 Year Cash-out Refi | 6.05% | 4/14/24 |
| 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. | ||
Marion And Polk Schools Credit Union Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
817Origination Dollar Volume (All Markets)
$94,745,000Awards
MARION AND POLK SCHOOLS CREDIT UNION - 2018
MARION AND POLK SCHOOLS CREDIT UNION is a 2018 , due to their low .
For 2018, less than of lenders were eligible for this award.
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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 |
|---|---|---|---|---|---|
| SALEM, OR (FHA|USDA|VA) | 573 | $60,675,000 | $105,890 | $3,103 | 4.81% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 51 | $7,205,000 | $141,275 | $2,930 | 4.96% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 32 | $6,990,000 | $218,438 | $0 | 6.29% |
| ALBANY-LEBANON, OR (FHA|USDA|VA) | 21 | $4,235,000 | $201,667 | $2,697 | 4.75% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 29 | $3,485,000 | $120,172 | $0 | 6.34% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 11 | $2,275,000 | $206,818 | $0 | 6.18% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 8 | $980,000 | $122,500 | $0 | 6.56% |
| CORVALLIS, OR (FHA|USDA|VA) | 5 | $945,000 | $189,000 | $3,121 | 5.58% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 11 | $865,000 | $78,636 | $0 | 6.61% |
| NAPA, CA (FHA|USDA|VA) | 6 | $860,000 | $143,333 | $0 | 5.99% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 11 | $795,000 | $72,273 | $0 | 6.66% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 5 | $735,000 | $147,000 | $0 | 6.35% |
| SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) | 3 | $575,000 | $191,667 | $0 | 6.41% |
| MODESTO, CA (FHA|USDA|VA) | 5 | $575,000 | $115,000 | $0 | 6.45% |
| BEND, OR (FHA|USDA|VA) | 4 | $390,000 | $97,500 | $4,072 | 4.47% |
| VISALIA, CA (FHA|USDA|VA) | 3 | $335,000 | $111,667 | $0 | 6.42% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 3 | $245,000 | $81,667 | $3,678 | 6.08% |
| EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) | 4 | $200,000 | $50,000 | $0 | 6.12% |
| LONGVIEW, WA (FHA|USDA|VA) | 2 | $200,000 | $100,000 | $0 | 6.37% |
| TUCSON, AZ (FHA|USDA|VA) | 2 | $190,000 | $95,000 | $3,306 | 6.37% |
| SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 5.99% |
| PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) | 2 | $160,000 | $80,000 | $0 | 6.87% |
| Coos Bay, OR (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 2.75% |
| Prineville, OR (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 5.99% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 2 | $150,000 | $75,000 | $0 | 5.99% |
| LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) | 2 | $150,000 | $75,000 | $0 | 5.99% |
| FRESNO, CA (FHA|USDA|VA) | 3 | $145,000 | $48,333 | $0 | 6.83% |
| Brookings, OR (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 5.99% |
| Roseburg, OR (FHA|USDA|VA) | 2 | $90,000 | $45,000 | $0 | 7.50% |
| Centralia, WA (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 7.00% |
| Newport, OR (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 2.75% |
| Outside of Metro Areas | 1 | $65,000 | $65,000 | $0 | 6.25% |
| Eureka-Arcata, CA (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 6.75% |
| Moses Lake, WA (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 5.99% |
| MEDFORD, OR (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 7.00% |
| KENNEWICK-RICHLAND, WA (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 6.75% |
| Show Low, AZ (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 5.99% |
| SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 6.25% |
| STOCKTON, CA (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 6.25% |
| GRANTS PASS, OR (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 2.75% |
| Payson, AZ (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 6.25% |
| CHICO, CA (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 7.00% |
Similar Lenders
We use machine learning to identify the top lenders compared against MARION AND POLK SCHOOLS CREDIT UNION based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
Similarity Rank: 114
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| HELOC | 535 | $39,585,000 | $73,991 | n/a | 4.82% |
| Conventional | 282 | $55,160,000 | $195,603 | $3,096 | 5.69% |
For 2018, Marion And Polk Schools Credit Union's most frequently originated type of loan was HELOC, with 535 originations. Their 2nd most popular type was Conventional, with 282 originations.
Loan Reason
For 2018, Marion And Polk Schools Credit Union's most frequently cited loan purpose was Home Improvement, with 335 originations. The 2nd most popular reason was Home Purchase, with 219 originations.
Loan Duration/Length
For 2018, Marion And Polk Schools Credit Union's most frequently cited loan duration was Other, with 603 originations. The 2nd most popular length was 20 Year, with 102 originations.
Origination Fees/Closing Costs
Marion And Polk Schools Credit Union's average total fees were $3,217, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 62 originations.
Interest Rates
During 2018, Marion And Polk Schools Credit Union's average interest rate for loans was 4.63%, while their most frequently originated rate bucket for loans was 5-6%, with 292 originations.
Loan Sizing
2018 saw Marion And Polk Schools Credit Union place emphasis on $100,000 or less loans with 476 originations, totaling $25,710,000 in origination value.
Applicant Income
Marion And Polk Schools Credit Union lent most frequently to those with incomes in the $100k-150k range, with 191 originations. The second most popular income band? $75k-100k, with 165 originations.
Applicant Debt to Income Ratio
Marion And Polk Schools Credit Union lent most frequently to those with DTI ratios of 20-30%, with 180 originations. The next most common DTI ratio? 30-36%, with 147 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications91.26%
Marion And Polk Schools Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination59.85%
Marion And Polk Schools 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 |
|---|---|---|---|
| 1109.0 | 1 | $25,000 | $25,000 |
| 1474.0 | 1 | $55,000 | $55,000 |
| 1517.08 | 1 | $35,000 | $35,000 |
| 1592.16 | 1 | $35,000 | $35,000 |
| 1675.0 | 1 | $35,000 | $35,000 |
| 1697.2 | 1 | $45,000 | $45,000 |
| 1744.42 | 1 | $45,000 | $45,000 |
| 1789.0 | 1 | $45,000 | $45,000 |
| 1799.68 | 1 | $35,000 | $35,000 |
| 1825.0 | 1 | $45,000 | $45,000 |
| 1889.18 | 1 | $55,000 | $55,000 |
| 1904.0 | 1 | $45,000 | $45,000 |
| 1967.87 | 1 | $55,000 | $55,000 |
| 2006.23 | 1 | $65,000 | $65,000 |
| 2116.75 | 1 | $65,000 | $65,000 |
| 2124.0 | 1 | $45,000 | $45,000 |
| 2221.0 | 1 | $75,000 | $75,000 |
| 2259.0 | 1 | $55,000 | $55,000 |
| 2295.22 | 1 | $75,000 | $75,000 |
| 2306.0 | 1 | $55,000 | $55,000 |
| 2330.0 | 1 | $55,000 | $55,000 |
| 2339.4 | 1 | $55,000 | $55,000 |
| 2366.0 | 1 | $65,000 | $65,000 |
| 2409.97 | 1 | $85,000 | $85,000 |
| 2410.0 | 1 | $85,000 | $85,000 |
| 2422.23 | 1 | $85,000 | $85,000 |
| 2439.0 | 1 | $55,000 | $55,000 |
| 2477.12 | 1 | $85,000 | $85,000 |
| 2495.0 | 1 | $85,000 | $85,000 |
| 2531.58 | 1 | $85,000 | $85,000 |
| 2539.0 | 1 | $75,000 | $75,000 |
| 2555.0 | 1 | $55,000 | $55,000 |
| 2586.0 | 1 | $55,000 | $55,000 |
| 2599.0 | 1 | $95,000 | $95,000 |
| 2618.11 | 1 | $95,000 | $95,000 |
| 2643.59 | 1 | $105,000 | $105,000 |
| 2690.76 | 1 | $95,000 | $95,000 |
| 2722.0 | 1 | $55,000 | $55,000 |
| 2754.91 | 1 | $95,000 | $95,000 |
| 2798.0 | 3 | $205,000 | $68,333 |
| 2799.0 | 1 | $105,000 | $105,000 |
| 2841.56 | 1 | $105,000 | $105,000 |
| 2865.96 | 1 | $105,000 | $105,000 |
| 2917.0 | 1 | $65,000 | $65,000 |
| 2935.0 | 1 | $65,000 | $65,000 |
| 2959.0 | 1 | $105,000 | $105,000 |
| 3035.0 | 1 | $95,000 | $95,000 |
| 3073.91 | 1 | $85,000 | $85,000 |
| 3085.0 | 1 | $95,000 | $95,000 |
| 3115.0 | 1 | $95,000 | $95,000 |
| 3119.0 | 1 | $115,000 | $115,000 |
| 3127.0 | 1 | $115,000 | $115,000 |
| 3145.0 | 1 | $95,000 | $95,000 |
| 3150.0 | 1 | $95,000 | $95,000 |
| 3154.8 | 1 | $105,000 | $105,000 |
| 3155.0 | 8 | $760,000 | $95,000 |
| 3179.0 | 1 | $115,000 | $115,000 |
| 3197.82 | 1 | $115,000 | $115,000 |
| 3219.0 | 1 | $125,000 | $125,000 |
| 3235.0 | 1 | $115,000 | $115,000 |
| 3242.0 | 1 | $115,000 | $115,000 |
| 3369.87 | 1 | $125,000 | $125,000 |
| 3377.0 | 1 | $125,000 | $125,000 |
| 3386.03 | 1 | $125,000 | $125,000 |
| 3409.69 | 1 | $135,000 | $135,000 |
| 3426.0 | 1 | $115,000 | $115,000 |
| 3483.0 | 1 | $135,000 | $135,000 |
| 3541.15 | 1 | $135,000 | $135,000 |
| 3541.56 | 1 | $135,000 | $135,000 |
| 3552.55 | 1 | $135,000 | $135,000 |
| 3599.0 | 1 | $145,000 | $145,000 |
| 3651.16 | 1 | $145,000 | $145,000 |
| 3678.85 | 1 | $145,000 | $145,000 |
| 3754.03 | 1 | $145,000 | $145,000 |
| 3779.0 | 1 | $145,000 | $145,000 |
| 3821.38 | 1 | $155,000 | $155,000 |
| 3829.08 | 1 | $155,000 | $155,000 |
| 3842.66 | 1 | $155,000 | $155,000 |
| 3885.0 | 1 | $135,000 | $135,000 |
| 3899.0 | 1 | $155,000 | $155,000 |
| 3944.0 | 1 | $155,000 | $155,000 |
| 4040.54 | 1 | $165,000 | $165,000 |
| 4070.05 | 1 | $165,000 | $165,000 |
| 4139.71 | 1 | $165,000 | $165,000 |
| 4153.0 | 1 | $145,000 | $145,000 |
| 4159.0 | 1 | $165,000 | $165,000 |
| 4169.26 | 1 | $165,000 | $165,000 |
| 4246.41 | 1 | $175,000 | $175,000 |
| 4261.15 | 1 | $175,000 | $175,000 |
| 4298.0 | 1 | $145,000 | $145,000 |
| 4338.83 | 1 | $175,000 | $175,000 |
| 4399.0 | 1 | $185,000 | $185,000 |
| 4399.32 | 1 | $185,000 | $185,000 |
| 4466.0 | 1 | $155,000 | $155,000 |
| 4479.0 | 1 | $185,000 | $185,000 |
| 4528.34 | 1 | $185,000 | $185,000 |
| 4597.0 | 1 | $185,000 | $185,000 |
| 4599.0 | 1 | $195,000 | $195,000 |
| 4628.61 | 1 | $195,000 | $195,000 |
| 4679.0 | 1 | $195,000 | $195,000 |
| 4759.0 | 1 | $195,000 | $195,000 |
| 4776.92 | 1 | $195,000 | $195,000 |
| 4840.22 | 1 | $205,000 | $205,000 |
| 4885.0 | 1 | $205,000 | $205,000 |
| 4911.26 | 1 | $205,000 | $205,000 |
| 4940.15 | 1 | $205,000 | $205,000 |
| 4996.63 | 1 | $205,000 | $205,000 |
| 5056.37 | 1 | $205,000 | $205,000 |
| 5059.0 | 1 | $215,000 | $215,000 |
| 5167.86 | 1 | $215,000 | $215,000 |
| 5209.0 | 1 | $225,000 | $225,000 |
| 5287.0 | 1 | $225,000 | $225,000 |
| 5316.0 | 1 | $185,000 | $185,000 |
| 5387.2 | 1 | $225,000 | $225,000 |
| 5423.0 | 1 | $235,000 | $235,000 |
| 5495.0 | 1 | $235,000 | $235,000 |
| 5518.6 | 1 | $235,000 | $235,000 |
| 5647.06 | 1 | $245,000 | $245,000 |
| 5674.0 | 1 | $245,000 | $245,000 |
| 5743.0 | 1 | $245,000 | $245,000 |
| 5849.67 | 1 | $255,000 | $255,000 |
| 5867.0 | 1 | $205,000 | $205,000 |
| 6019.0 | 1 | $265,000 | $265,000 |
| 6159.0 | 1 | $265,000 | $265,000 |
| 6214.21 | 1 | $275,000 | $275,000 |
| 6254.3 | 1 | $275,000 | $275,000 |
| 6751.0 | 1 | $295,000 | $295,000 |
| 6829.0 | 1 | $305,000 | $305,000 |
| 7019.0 | 1 | $315,000 | $315,000 |
| 7135.0 | 1 | $315,000 | $315,000 |
| 7179.0 | 1 | $315,000 | $315,000 |
| 749.0 | 1 | $215,000 | $215,000 |
| 7769.0 | 1 | $345,000 | $345,000 |
| 799.0 | 23 | $2,095,000 | $91,087 |
| NA | 652 | $73,100,000 | $112,117 |
Occupancy Type Mix
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2018 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| Morningside Funding LLC | Other type of mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 100.0% |