Cu Home Mortgage Solutions Rates, Fees & Info
SEATTLE, WALEI: 549300KJONXRDR2YPQ42
Tax ID: 26-9330007
2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Overview
Cu Home Mortgage Solutions is a smaller mortgage company specializing in Refi, Other, and Home Purchase loans. Cu Home Mortgage Solutions has a high proportion of conventional loans. Their top markets include Seattle, Olympia, Bremerton, Portland, and Aberdeen among others. Cu Home Mortgage Solutions has an average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. Cu Home Mortgage Solutions is typically a low fee lendor.Originations
631Origination Dollar Volume (All Markets)
$185,175,000Awards
CU HOME MORTGAGE SOLUTIONS - 2021
CU HOME MORTGAGE SOLUTIONS is a 2021 , due to their low .
For 2021, less than of lenders were eligible for this award.
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Relative Rate
Cu Home Mortgage Solutions 's average 30 year fixed rate mortgage of loans were
3.07%.
The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.
This yields a difference of -0.08%.
Relative Fees
Cu Home Mortgage Solutions 's average total fees for a 30 year fixed rate
mortgage are $3,265.
The average total origination fees for 30 year fixed rate mortgages (for all loan values, including
both points & up-front fees in addition to origination fees) are $4,750.
Top Markets
| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Outside of Metro Areas | 402 | $118,770,000 | $295,448 | $3,005 | 2.97% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 185 | $54,225,000 | $293,108 | $2,676 | 2.82% |
| OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) | 19 | $5,015,000 | $263,947 | $3,337 | 2.91% |
| BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) | 7 | $2,835,000 | $405,000 | $7,165 | 2.77% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 3 | $875,000 | $291,667 | $2,626 | 2.92% |
| Aberdeen, WA (FHA|USDA|VA) | 3 | $705,000 | $235,000 | $3,179 | 2.67% |
| MOUNT VERNON-ANACORTES, WA (FHA|USDA|VA) | 3 | $615,000 | $205,000 | $2,598 | 3.25% |
| BELLINGHAM, WA (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $3,594 | 2.75% |
| Oak Harbor, WA (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $3,777 | 2.63% |
| SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) | 2 | $370,000 | $185,000 | $1,829 | 2.81% |
| BEND, OR (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $6,109 | 2.63% |
| Shelton, WA (FHA|USDA|VA) | 2 | $250,000 | $125,000 | $2,129 | 2.63% |
| Newport, OR (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $3,712 | 3.50% |
| Moses Lake, WA (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $2,790 | 2.88% |
Cu Home Mortgage Solutions 's top markets include Seattle, Olympia, Bremerton, Portland, and Aberdeen among others.
Product Mix
| Loan Type | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Conventional | 599 | $174,875,000 | $291,945 | $2,818 | 2.94% |
| VA | 32 | $10,300,000 | $321,875 | $5,660 | 2.57% |
For the 2021 period, Cu Home Mortgage Solutions 's most frequently originated loan type of loans were Conventional, with 599 originations. Their 2nd most popular type is VA, with 32 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Refi | 218 | $54,790,000 | $251,330 | $2,482 | 2.78% |
| Other | 200 | $55,980,000 | $279,900 | $3,083 | 3.01% |
| Home Purchase | 103 | $40,145,000 | $389,757 | $3,955 | 2.98% |
| Home Improvement | 83 | $26,045,000 | $313,795 | $2,716 | 2.97% |
| Cash Out Refi | 27 | $8,215,000 | $304,259 | $2,916 | 3.05% |
For the 2021, Cu Home Mortgage Solutions 's most frequently cited loan purpose of loans were Refi, with 218 originations. The 2nd most popular reason of loans were Other, with 200 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 30 Year | 418 | $136,930,000 | $327,584 | $3,265 | 3.07% |
| 15 Year | 125 | $27,935,000 | $223,480 | $2,391 | 2.55% |
| 20 Year | 64 | $15,890,000 | $248,281 | $2,412 | 2.86% |
| 10 Year | 24 | $4,420,000 | $184,167 | $2,147 | 2.45% |
For the 2021, Cu Home Mortgage Solutions 's most frequently cited loan length of loans were 30 Year, with 418 originations. The 2nd most popular length of loans were 15 Year, with 125 originations.
Origination Fees
| Origination Fee | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 464 | $128,410,000 | $276,746 |
| $1k-2k | 105 | $31,925,000 | $304,048 |
| $2k-3k | 24 | $9,900,000 | $412,500 |
| $3k-4k | 17 | $5,865,000 | $345,000 |
| $5k+ | 17 | $7,985,000 | $469,706 |
$3,265 of loans were Cu Home Mortgage Solutions 's average total fees, while their most frequently occuring range of origination fees were in the $<1k bucket, with 464 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 2.5-3% | 253 | $71,655,000 | $283,221 |
| 3-4% | 231 | $73,905,000 | $319,935 |
| <2.5% | 140 | $36,810,000 | $262,929 |
| 4-5% | 5 | $2,455,000 | $491,000 |
During 2021, Cu Home Mortgage Solutions 's average interest rate of loans were 3.07%, while their most frequently originated rate bucket of loans were 2.5-3%, with 253 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $200k-400k | 307 | $88,585,000 | $288,550 | $2,928 | 2.93% |
| $100k-200k | 173 | $27,085,000 | $156,561 | $2,218 | 2.86% |
| $400k-600k | 101 | $48,095,000 | $476,188 | $3,944 | 2.99% |
| $100,000 or less | 25 | $1,955,000 | $78,200 | $2,114 | 2.74% |
| $600k-1MM | 23 | $16,695,000 | $725,870 | $5,314 | 3.14% |
| $1MM+ | 2 | $2,760,000 | $1,380,000 | $6,416 | 3.19% |
2021 saw Cu Home Mortgage Solutions place emphasis on $200k-400k loans with 307 originations, totaling $88,585,000 in origination value.
Applicant Income
| Applicant Income | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $100k-150k | 174 | $55,330,000 | $317,989 | $3,178 | 2.91% |
| $75k-100k | 146 | $38,140,000 | $261,233 | $2,695 | 2.89% |
| $50k-75k | 128 | $29,540,000 | $230,781 | $2,635 | 2.96% |
| $150k-250k | 95 | $38,755,000 | $407,947 | $3,591 | 2.95% |
| $50k or less | 62 | $9,670,000 | $155,968 | $2,196 | 2.92% |
| $250k+ | 26 | $13,740,000 | $528,462 | $4,174 | 2.89% |
Cu Home Mortgage Solutions lent most frequently to those with incomes in the $100k-150k range, with 174 originations. The second most popular income band? $75k-100k, with 146 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-30% | 154 | $43,440,000 | $282,078 | $2,754 | 2.88% |
| 30-36% | 130 | $37,590,000 | $289,154 | $2,688 | 2.86% |
| <20% | 70 | $17,690,000 | $252,714 | $2,635 | 2.76% |
| 41% | 37 | $12,235,000 | $330,676 | $2,972 | 3.07% |
| 44% | 27 | $7,105,000 | $263,148 | $2,725 | 3.10% |
| 40% | 26 | $7,960,000 | $306,154 | $3,415 | 3.17% |
| 39% | 26 | $8,270,000 | $318,077 | $4,999 | 2.94% |
| 43% | 23 | $7,695,000 | $334,565 | $3,280 | 3.18% |
| 42% | 22 | $9,000,000 | $409,091 | $3,250 | 3.07% |
| 37% | 19 | $6,185,000 | $325,526 | $3,053 | 2.71% |
| 36% | 17 | $4,825,000 | $283,824 | $3,099 | 2.85% |
| 38% | 15 | $4,165,000 | $277,667 | $3,533 | 3.01% |
| 45% | 15 | $4,055,000 | $270,333 | $2,722 | 3.08% |
| 46% | 14 | $4,010,000 | $286,429 | $3,177 | 3.08% |
| 47% | 11 | $2,735,000 | $248,636 | $3,705 | 2.95% |
| 48% | 10 | $2,870,000 | $287,000 | $2,779 | 2.93% |
| 50-60% | 7 | $2,175,000 | $310,714 | $3,243 | 2.50% |
| 49% | 6 | $2,470,000 | $411,667 | $2,675 | 3.17% |
| >60% | 1 | $465,000 | $465,000 | $2,867 | 3.13% |
Cu Home Mortgage Solutions lent most frequently to those with DTI ratios of 20-30%, with 154 originations. The next most common DTI ratio? 30-36%, with 130 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 447 | $133,255,000 | $298,110 | $3,002 | 2.91% |
| Not provided | 63 | $18,805,000 | $298,492 | $2,743 | 3.00% |
| Asian | 48 | $14,370,000 | $299,375 | $2,842 | 2.84% |
| Black | 50 | $14,020,000 | $280,400 | $3,095 | 3.06% |
| Native Hawaiian | 8 | $2,020,000 | $252,500 | $2,601 | 2.78% |
| American Indian | 9 | $1,575,000 | $175,000 | $2,855 | 2.97% |
| Not applicable | 6 | $1,130,000 | $188,333 | $2,879 | 2.92% |
Approval Rates
Total approvals of all applications86.48%
Cu Home Mortgage Solutions has an average approval rate.
Pick Rate
Approvals leading to origination64.47%
Cu Home Mortgage Solutions 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 | 631 | $185,175,000 | $293,463 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| 631 | $185,175,000 | $293,463 |
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-40% | 118 | $21,970,000 | $186,186 | $2,261 | 2.78% |
| 40-60% | 231 | $60,375,000 | $261,364 | $2,606 | 2.84% |
| 60-80% | 187 | $67,665,000 | $361,845 | $3,270 | 3.09% |
| 80-100% | 76 | $32,310,000 | $425,132 | $4,136 | 3.02% |
| Over 100% | 2 | $830,000 | $415,000 | $21,342 | 2.56% |
| Under 20% | 16 | $1,790,000 | $111,875 | $1,857 | 2.66% |
