Pacific Cascade Federal Credit Union Mortgage Rates, Fees & Info

Eugene, OR

LEI: 549300GNC55MZTGKJ811

Tax ID: 93-6183295

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

Review & Overview

Pacific Cascade Federal Credit Union is a smaller credit union specializing in Cash Out Refi loans. Pacific Cascade Federal Credit Union has a high proportion of conventional loans. Their top (well, only) market is Eugene.

Pacific Cascade Federal 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. Pacific Cascade Federal 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	6.27%	11/22/24
30 Year Conventional Refi	6.61%	11/22/24
30 Year Cash-out Refi	6.61%	11/22/24
15 Year Conventional Purchase	5.41%	11/22/24
15 Year Conventional Refi	6.09%	11/22/24
15 Year Cash-out Refi	6.09%	11/22/24
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.

Pacific Cascade Federal 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

Origination Dollar Volume (All Markets)

$5,390,000

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
EUGENE-SPRINGFIELD, OR (FHA\|USDA\|VA)	46	$4,780,000	$103,913	$1,944	5.07%
Outside of Metro Areas	4	$610,000	$152,500	$1,969	5.27%

Pacific Cascade Federal Credit Union's top markets include and Eugene among others.

Their top states include:

Oregon (FHA|USDA|VA)

Similar Lenders

We use machine learning to identify the top lenders compared against PACIFIC CASCADE FEDERAL CREDIT UNION based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

SELCO COMMUNITY
Similarity Rank: 187

FIRST COMMUNITY
Similarity Rank: 240

OREGON COMMUNITY
Similarity Rank: 306

OnPoint Community Credit Union
Similarity Rank: 608

LPMC, LLC
Similarity Rank: 1363

Columbia State Bank
Similarity Rank: 1674

NORTHWEST COMMUNITY
Similarity Rank: 1702

Washington Trust Bank
Similarity Rank: 2352

MORTGAGE EXPRESS, LLC
Similarity Rank: 2584

FirstBank
Similarity Rank: 3246

Product Mix

Loan Type	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Conventional	50	$5,390,000	$107,800	$1,947	5.08%

For 2019, Pacific Cascade Federal Credit Union's most frequently originated type of loan was Conventional, with 50 originations.

Loan Reason

Loan Reason	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Cash Out Refi	28	$3,960,000	$141,429	$2,980	4.65%
Other	18	$830,000	$46,111	$302	5.77%
Home Purchase	3	$535,000	$178,333	$3,228	5.17%
Refi	1	$65,000	$65,000	$0	4.59%

For 2019, Pacific Cascade Federal Credit Union's most frequently cited loan purpose was Cash Out Refi, with 28 originations. The 2nd most popular reason was Other, with 18 originations.

Loan Duration/Length

Loan Length	Originations	Total Value	Average Loan	Average Fees	Average Rate
15 Year	18	$2,030,000	$112,778	$1,367	5.37%
10 Year	10	$490,000	$49,000	$251	5.65%
30 Year	9	$1,535,000	$170,556	$3,384	4.98%
Other	9	$405,000	$45,000	$268	4.11%
20 Year	4	$930,000	$232,500	$3,565	4.81%

For 2019, Pacific Cascade Federal Credit Union's most frequently cited loan duration was 15 Year, with 18 originations. The 2nd most popular length was 10 Year, with 10 originations.

Origination Fees/Closing Costs

Origination Fee/Closing Cost	Originations	Total Value	Average Loan
$<1k	20	$1,540,000	$77,000
$1k-2k	17	$3,295,000	$193,824

Pacific Cascade Federal Credit Union's average total fees were $3,384, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 20 originations.

Interest Rates

Loan Rate	Originations	Total Value	Average Loan
4-5%	25	$3,975,000	$159,000
5-6%	11	$805,000	$73,182
3-4%	8	$380,000	$47,500
6-7%	6	$230,000	$38,333

During 2019, Pacific Cascade Federal Credit Union's average interest rate for loans was 4.98%, while their most frequently originated rate bucket for loans was 4-5%, with 25 originations.

Loan Sizing

Loan Size	Originations	Total Value	Average Loan	Average Fees	Average Rate
$100,000 or less	26	$1,180,000	$45,385	$298	5.28%
$100k-200k	16	$2,220,000	$138,750	$3,093	4.92%
$200k-400k	8	$1,990,000	$248,750	$3,259	4.77%

2019 saw Pacific Cascade Federal Credit Union place emphasis on $100,000 or less loans with 26 originations, totaling $1,180,000 in origination value.

Applicant Income

Applicant Income	Originations	Total Value	Average Loan	Average Fees	Average Rate
$100k-150k	16	$2,460,000	$153,750	$2,506	4.90%
$50k-75k	12	$1,080,000	$90,000	$1,374	5.45%
$75k-100k	10	$890,000	$89,000	$1,271	5.43%
$50k or less	9	$495,000	$55,000	$2,185	4.55%
$150k-250k	2	$320,000	$160,000	$3,391	4.75%
$250k+	1	$145,000	$145,000	$2,976	5.50%

Pacific Cascade Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 16 originations. The second most popular income band? $50k-75k, with 12 originations.

Applicant Debt to Income Ratio

DTI Ratio	Originations	Total Value	Average Loan	Average Fees	Average Rate
20-30%	15	$2,205,000	$147,000	$2,433	5.20%
<20%	11	$745,000	$67,727	$2,361	4.34%
30-36%	8	$870,000	$108,750	$3,270	4.59%
38%	4	$380,000	$95,000	$603	5.27%
41%	2	$40,000	$20,000	$258	6.50%
42%	2	$340,000	$170,000	$1,925	5.75%
39%	1	$65,000	$65,000	$291	6.59%
36%	1	$25,000	$25,000	$228	6.00%
50-60%	1	$45,000	$45,000	$248	6.00%
43%	1	$195,000	$195,000	$3,669	5.00%
44%	1	$35,000	$35,000	$328	7.00%
45%	1	$115,000	$115,000	$3,206	5.00%
46%	1	$35,000	$35,000	$248	6.00%
37%	1	$295,000	$295,000	$3,789	4.50%

Pacific Cascade Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 15 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	47	$4,985,000	$106,064	$1,903	5.06%
American Indian	1	$215,000	$215,000	$3,912	5.03%
Asian	1	$145,000	$145,000	$2,976	5.50%
Native Hawaiian or Islander	1	$45,000	$45,000	$297	6.00%

Approval Rates

Total approvals of all applications
84.85%

Pacific Cascade Federal Credit Union has a below average approval rate.

Pick Rate

Approvals leading to origination
88.00%

Pacific Cascade Federal Credit Union has an average pick rate.

Points and Fees

Points	Originations	Total Value	Average Loan
NA	50	$5,390,000	$107,800

Occupancy Type Mix

Dwelling Type	Originations	Total Value	Average Loan
Single Family (1-4 Units):Manufactured	5	$555,000	$111,000
Single Family (1-4 Units):Site-Built	45	$4,835,000	$107,444

LTV Distribution

Loan to Value	Originations	Total Value	Average Loan	Average Fees	Average Rate
20-40%	10	$860,000	$86,000	$1,267	4.76%
40-60%	4	$510,000	$127,500	$3,176	5.02%
60-80%	17	$3,335,000	$196,176	$3,173	4.84%
Under 20%	19	$685,000	$36,053	$279	5.49%

Complaints

Bank Name	Product	Issue	2019 CPFB Complaints	% of Total Issues
Pacific Union Financial, LLC	FHA mortgage	Trouble during payment process	2	22.2%
Pacific Union Financial, LLC	Conventional home mortgage	Trouble during payment process	2	22.2%
Pacific Union Financial, LLC	FHA mortgage	Struggling to pay mortgage	2	22.2%
Pacific Union Financial, LLC	VA mortgage	Trouble during payment process	1	11.1%
Pacific Union Financial, LLC	Other type of mortgage	Struggling to pay mortgage	1	11.1%
Pacific Union Financial, LLC	Other type of mortgage	Trouble during payment process	1	11.1%