Central Willamette Credit Union Mortgage Rates, Fees & Info

Albany, OR

LEI: 549300CPJH6JMU13EQ37

Tax ID: 93-0496543

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

    Central Willamette Credit Union is a smaller credit union specializing in Other, Home Purchase, and Cash Out Refi loans. Central Willamette Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Albany, Corvallis, Salem, Portland, and Newport among others. We have data for 8 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Central Willamette 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. Central Willamette 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.

    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.66% 12/16/24
    30 Year Conventional Refi 6.27% 12/16/24
    30 Year Cash-out Refi 6.69% 12/16/24
    30 Year FHA Purchase 6.27% 12/16/24
    30 Year VA Purchase 6.73% 12/16/24
    30 Year USDA Purchase 6.85% 12/16/24
    15 Year Conventional Purchase 5.68% 12/16/24
    15 Year Conventional Refi 5.93% 12/16/24
    15 Year Cash-out Refi 5.93% 12/16/24
    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.

    Central Willamette Credit Union Mortgage Calculator






    Your Estimates

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

    This is not an official calculator from Central Willamette 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

    107

    Origination Dollar Volume (All Markets)

    $13,305,000

    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
    ALBANY-LEBANON, OR (FHA|USDA|VA) 60 $7,280,000 $121,333 $2,233 4.96%
    CORVALLIS, OR (FHA|USDA|VA) 17 $2,395,000 $140,882 $4,004 4.67%
    SALEM, OR (FHA|USDA|VA) 22 $2,370,000 $107,727 $2,488 5.03%
    PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 3 $595,000 $198,333 $2,495 5.58%
    Newport, OR (FHA|USDA|VA) 2 $340,000 $170,000 $3,292 4.31%
    Roseburg, OR (FHA|USDA|VA) 1 $235,000 $235,000 $5,013 6.50%
    Prineville, OR (FHA|USDA|VA) 1 $55,000 $55,000 $474 6.00%
    EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) 1 $35,000 $35,000 $0 6.50%
    Central Willamette Credit Union's top markets include Albany, Corvallis, Salem, Portland, and Newport among others.

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

    • Similar Lenders

    We use machine learning to identify the top lenders compared against CENTRAL WILLAMETTE Credit Union based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    OREGON COMMUNITY
    Similarity Rank: 299
    Rivermark Community Credit Union
    Similarity Rank: 308
    MARION AND POLK SCHOOLS CREDIT UNION
    Similarity Rank: 528
    HOMEAMERICAN MORTGAGE CORPORATION
    Similarity Rank: 900
    Oregon State Credit Union
    Similarity Rank: 1007
    NORTHWEST COMMUNITY
    Similarity Rank: 1121
    OnPoint Community Credit Union
    Similarity Rank: 1836
    Unitus Community Credit Union
    Similarity Rank: 2730
    LPMC, LLC
    Similarity Rank: 3172
    ADVANTIS
    Similarity Rank: 3654

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 105 $12,415,000 $118,238 $2,503 4.99%
    VA 2 $890,000 $445,000 $8,402 4.25%

    For 2022, Central Willamette Credit Union's most frequently originated type of loan was Conventional, with 105 originations. Their 2nd most popular type was VA, with 2 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Other 46 $3,340,000 $72,609 $762 5.25%
    Home Improvement 26 $1,610,000 $61,923 $928 4.87%
    Home Purchase 19 $4,995,000 $262,895 $6,833 5.09%
    Cash Out Refi 12 $2,830,000 $235,833 $4,568 4.34%
    Refi 4 $530,000 $132,500 $3,878 3.81%

    For 2022, Central Willamette Credit Union's most frequently cited loan purpose was Other, with 46 originations. The 2nd most popular reason was Home Improvement, with 26 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    20 Year 31 $3,325,000 $107,258 $1,328 5.08%
    15 Year 28 $1,910,000 $68,214 $1,535 4.87%
    30 Year 27 $6,855,000 $253,889 $6,074 4.90%
    10 Year 11 $465,000 $42,273 $1,384 4.85%
    5 Year 4 $90,000 $22,500 $344 5.44%
    Other 4 $120,000 $30,000 $429 4.94%
    30+ year 2 $540,000 $270,000 $4,940 5.50%

    For 2022, Central Willamette Credit Union's most frequently cited loan duration was 20 Year, with 31 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-2k 16 $2,670,000 $166,875
    $2k-3k 8 $2,290,000 $286,250
    $5k+ 4 $1,220,000 $305,000
    $<1k 1 $545,000 $545,000
    $4k-5k 1 $125,000 $125,000

    Central Willamette Credit Union's average total fees were $6,074, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 16 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 53 $5,425,000 $102,358
    5-6% 26 $3,920,000 $150,769
    6-7% 13 $1,165,000 $89,615
    3-4% 8 $1,510,000 $188,750
    2.5-3% 5 $935,000 $187,000
    <2.5% 1 $135,000 $135,000
    7-8% 1 $215,000 $215,000

    During 2022, Central Willamette Credit Union's average interest rate for loans was 4.90%, while their most frequently originated rate bucket for loans was 4-5%, with 53 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 61 $2,975,000 $48,770 $648 5.27%
    $200k-400k 22 $5,800,000 $263,636 $5,120 4.80%
    $100k-200k 20 $2,730,000 $136,500 $2,556 4.15%
    $400k-600k 4 $1,800,000 $450,000 $9,338 5.50%

    2022 saw Central Willamette Credit Union place emphasis on $100,000 or less loans with 61 originations, totaling $2,975,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 27 $3,805,000 $140,926 $3,331 4.79%
    $50k-75k 24 $3,030,000 $126,250 $3,199 4.97%
    $75k-100k 24 $2,000,000 $83,333 $1,142 5.06%
    $50k or less 15 $1,335,000 $89,000 $2,043 5.12%
    $150k-250k 9 $1,035,000 $115,000 $4,620 4.90%
    $250k+ 5 $1,285,000 $257,000 $1,732 4.90%

    Central Willamette Credit Union lent most frequently to those with incomes in the $100k-150k range, with 27 originations. The second most popular income band? $50k-75k, with 24 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 25 $2,785,000 $111,400 $2,726 4.58%
    <20% 11 $1,265,000 $115,000 $2,102 4.94%
    30-36% 9 $675,000 $75,000 $2,904 5.31%
    41% 7 $405,000 $57,857 $997 5.25%
    50-60% 7 $685,000 $97,857 $2,268 4.54%
    43% 5 $935,000 $187,000 $4,297 5.18%
    42% 4 $670,000 $167,500 $1,821 5.13%
    48% 4 $1,060,000 $265,000 $7,454 5.47%
    47% 3 $715,000 $238,333 $7,683 4.63%
    37% 3 $175,000 $58,333 $599 4.92%
    36% 3 $125,000 $41,667 $443 5.00%
    38% 3 $295,000 $98,333 $1,781 4.79%
    45% 3 $295,000 $98,333 $744 5.83%
    46% 3 $115,000 $38,333 $391 5.17%
    40% 2 $310,000 $155,000 $1,934 5.06%
    44% 2 $330,000 $165,000 $4,853 4.44%
    >60% 2 $290,000 $145,000 $2,531 6.13%
    39% 2 $100,000 $50,000 $0 4.63%
    49% 1 $205,000 $205,000 $1,396 4.75%

    Central Willamette Credit Union lent most frequently to those with DTI ratios of 20-30%, with 25 originations. The next most common DTI ratio? <20%, with 11 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 93 $10,915,000 $117,366 $2,547 5.01%
    Not provided 8 $1,020,000 $127,500 $2,382 4.25%
    Not applicable 3 $815,000 $271,667 $0 5.58%
    Asian 1 $265,000 $265,000 $4,479 5.88%
    American Indian 1 $255,000 $255,000 $10,420 5.00%
    Native Hawaiian or Islander 1 $35,000 $35,000 $0 5.00%

    Approval Rates

    Total approvals of all applications
    87.27%

    Central Willamette Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    68.22%

    Central Willamette 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 107 $13,305,000 $124,346

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    107 $13,305,000 $124,346

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 19 $2,465,000 $129,737 $1,727 4.81%
    40-60% 7 $1,195,000 $170,714 $4,075 3.39%
    60-80% 14 $3,670,000 $262,143 $6,229 5.17%
    80-100% 9 $2,685,000 $298,333 $5,779 4.71%
    Over 100% 1 $545,000 $545,000 $12,317 5.63%
    Under 20% 57 $2,745,000 $48,158 $601 5.20%