Industrial Cu Of Whatcom County Mortgage Rates, Fees & Info
Bellingham, WALEI: 549300DJT1WS6SELJS28
Tax ID: 91-0587877
Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Industrial Cu Of Whatcom County is a smaller mortgage company specializing in Home Purchase loans. Industrial Cu Of Whatcom County has a high proportion of conventional loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Bellingham, Mount Vernon, Seattle, and Olympia among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)Industrial Cu Of Whatcom County 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.
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Originations
41Origination Dollar Volume (All Markets)
$10,845,000Top 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 |
|---|---|---|---|---|---|
| BELLINGHAM, WA (FHA|USDA|VA) | 34 | $8,350,000 | $245,588 | $0 | 0.00% |
| MOUNT VERNON-ANACORTES, WA (FHA|USDA|VA) | 5 | $1,185,000 | $237,000 | $0 | 0.00% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 1 | $795,000 | $795,000 | $0 | 0.00% |
| OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) | 1 | $515,000 | $515,000 | $0 | 0.00% |
Their top states include:
Similar Lenders
We use machine learning to identify the top lenders compared against INDUSTRIAL CU OF WHATCOM COUNTY based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 39 | $10,635,000 | $272,692 | $0 | 0.00% |
| VA | 1 | $85,000 | $85,000 | $0 | 0.00% |
| USDA | 1 | $125,000 | $125,000 | $0 | 0.00% |
For 2024, Industrial Cu Of Whatcom County's most frequently originated type of loan was Conventional, with 39 originations. Their 2nd most popular type was VA, with 1 originations.
Loan Reason
For 2024, Industrial Cu Of Whatcom County's most frequently cited loan purpose was Home Purchase, with 22 originations. The 2nd most popular reason was Cash Out Refi, with 15 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 41 | $10,845,000 | $264,512 | $0 | 0.00% |
For 2024, Industrial Cu Of Whatcom County's most frequently cited loan duration was Other, with 41 originations.
Loan Sizing
2024 saw Industrial Cu Of Whatcom County place emphasis on $100,000 or less loans with 12 originations, totaling $880,000 in origination value.
Applicant Income
Industrial Cu Of Whatcom County lent most frequently to those with incomes in the $150k-250k range, with 10 originations. The second most popular income band? $75k-100k, with 9 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 41 | $10,845,000 | $264,512 | $0 | 0.00% |
Industrial Cu Of Whatcom County lent most frequently to those with DTI ratios of Exempt%, with 41 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications72.09%
Industrial Cu Of Whatcom County has a below average approval rate.
Pick Rate
Approvals leading to origination48.78%
Industrial Cu Of Whatcom County 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 |
|---|---|---|---|
| Exempt | 41 | $10,845,000 | $264,512 |