Cu Home Mortgage Solutions Rates, Fees & Info

SEATTLE, WA

LEI: 549300KJONXRDR2YPQ42

Tax ID: 26-9330007

5 stars - out of 5 stars, based on 15 reviews

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

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Mortgage Data

  • SimulatedRates™
  • Originations
  • Relative Rates
  • Relative Fees
  • 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

    Cu Home Mortgage Solutions is a smaller mortgage company specializing in Cash Out Refi and Home Purchase loans. Cu Home Mortgage Solutions has a high proportion of conventional loans. Their top markets by origination volume include: Seattle, Olympia, Bremerton, Bellingham, and Spokane among others. We have data for 13 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Cu Home Mortgage Solutions 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. Cu Home Mortgage Solutions 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.

    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 6.40% 3/24/23
    30 Year Conventional Refi 6.21% 3/24/23
    30 Year Cash-out Refi 6.32% 3/24/23
    30 Year FHA Purchase 6.27% 3/24/23
    30 Year VA Purchase 5.80% 3/24/23
    30 Year VA Refi 6.27% 3/24/23
    15 Year Conventional Purchase 6.03% 3/24/23
    15 Year Conventional Refi 5.77% 3/24/23
    15 Year Cash-out Refi 5.77% 3/24/23
    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.


    Originations

    216

    Origination Dollar Volume (All Markets)

    $71,020,000

    Awards

    CU HOME MORTGAGE SOLUTIONS 30 Year Conventional Loans gold CU HOME MORTGAGE SOLUTIONS 30 Year Conventional Loans gold
    Show all (2) awards

    Relative Rate

    Cu Home Mortgage Solutions's average 30 year fixed mortgage rate was 4.49%.

    The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.

    This yields a difference of -0.27%.

    Relative Fees (Closing Costs)

    Cu Home Mortgage Solutions's average total fees/closing costs for a 30 year fixed rate mortgage were $4,361.

    The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $4,750.

    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
    Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 174 $58,200,000 $334,483 $3,887 4.14%
    OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) 11 $3,335,000 $303,182 $3,077 4.15%
    BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) 10 $3,180,000 $318,000 $3,037 3.91%
    BELLINGHAM, WA (FHA|USDA|VA) 4 $1,240,000 $310,000 $3,125 3.72%
    Outside of Metro Areas 3 $1,025,000 $341,667 $3,475 3.33%
    SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) 2 $970,000 $485,000 $8,112 4.00%
    MOUNT VERNON-ANACORTES, WA (FHA|USDA|VA) 2 $630,000 $315,000 $5,412 5.13%
    Oak Harbor, WA (FHA|USDA|VA) 2 $590,000 $295,000 $3,311 4.19%
    Centralia, WA (FHA|USDA|VA) 2 $450,000 $225,000 $2,470 3.56%
    Shelton, WA (FHA|USDA|VA) 1 $445,000 $445,000 $5,573 5.75%
    Aberdeen, WA (FHA|USDA|VA) 2 $410,000 $205,000 $7,181 4.31%
    PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 2 $310,000 $155,000 $3,020 3.38%
    YAKIMA, WA (FHA|USDA|VA) 1 $235,000 $235,000 $3,868 5.75%
    Cu Home Mortgage Solutions's top markets include Seattle, Olympia, Bremerton, Bellingham, and Spokane among others.

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

    • Similar Lenders

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

    ALL WESTERN MORTGAGE, INC.
    Similarity Rank: 648
    Olympia Federal Savings & Loan Association
    Similarity Rank: 924
    Bank of the Pacific
    Similarity Rank: 2093
    Chicago Financial Services, Inc.
    Similarity Rank: 2139
    IVY MORTGAGE, INC.
    Similarity Rank: 2166
    NorthWest Plus Credit Union
    Similarity Rank: 2303
    VERITY
    Similarity Rank: 2400
    U S WIDE FINANCIAL LLC
    Similarity Rank: 2496
    TRISTAR FINANCE, INC.
    Similarity Rank: 2808
    O BEE
    Similarity Rank: 2831

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 214 $70,210,000 $328,084 $3,756 4.12%
    VA 2 $810,000 $405,000 $13,956 4.25%

    For 2022, Cu Home Mortgage Solutions's most frequently originated type of loan was Conventional, with 214 originations. Their 2nd most popular type was VA, with 2 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 105 $31,095,000 $296,143 $3,506 3.79%
    Home Purchase 69 $30,555,000 $442,826 $5,192 4.92%
    Refi 36 $7,580,000 $210,556 $2,449 3.57%
    Other 4 $1,300,000 $325,000 $3,517 4.41%
    Home Improvement 2 $490,000 $245,000 $1,475 3.56%

    For 2022, Cu Home Mortgage Solutions's most frequently cited loan purpose was Cash Out Refi, with 105 originations. The 2nd most popular reason was Home Purchase, with 69 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 150 $55,150,000 $367,667 $4,361 4.49%
    15 Year 40 $9,840,000 $246,000 $2,807 3.20%
    20 Year 17 $4,325,000 $254,412 $2,466 3.40%
    10 Year 8 $1,370,000 $171,250 $2,335 3.37%
    1 Year 1 $335,000 $335,000 $5,326 5.13%

    For 2022, Cu Home Mortgage Solutions's most frequently cited loan duration was 30 Year, with 150 originations. The 2nd most popular length was 15 Year, with 40 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 105 $29,505,000 $281,000
    $1k-2k 54 $17,900,000 $331,481
    $2k-3k 27 $11,145,000 $412,778
    $5k+ 16 $6,590,000 $411,875
    $3k-4k 10 $3,910,000 $391,000
    $4k-5k 3 $1,605,000 $535,000

    Cu Home Mortgage Solutions's average total fees were $4,361, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 105 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 71 $20,825,000 $293,310
    5-6% 43 $16,365,000 $380,581
    4-5% 41 $14,745,000 $359,634
    2.5-3% 31 $9,155,000 $295,323
    <2.5% 14 $3,510,000 $250,714
    6-7% 13 $5,615,000 $431,923
    7-8% 2 $440,000 $220,000

    During 2022, Cu Home Mortgage Solutions's average interest rate for loans was 4.49%, while their most frequently originated rate bucket for loans was 3-4%, with 71 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 102 $29,860,000 $292,745 $3,609 4.14%
    $400k-600k 48 $22,940,000 $477,917 $5,295 4.53%
    $100k-200k 43 $6,955,000 $161,744 $2,468 3.64%
    $600k-1MM 13 $8,995,000 $691,923 $5,987 4.32%
    $100,000 or less 9 $735,000 $81,667 $2,000 3.47%
    $1MM+ 1 $1,535,000 $1,535,000 $7,364 6.63%

    2022 saw Cu Home Mortgage Solutions place emphasis on $200k-400k loans with 102 originations, totaling $29,860,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 56 $20,650,000 $368,750 $4,429 4.28%
    $75k-100k 52 $14,860,000 $285,769 $3,793 3.99%
    $150k-250k 44 $18,260,000 $415,000 $4,369 4.01%
    $50k-75k 35 $7,455,000 $213,000 $2,700 4.10%
    $50k or less 19 $3,415,000 $179,737 $2,430 3.99%
    $250k+ 10 $6,380,000 $638,000 $5,229 4.73%

    Cu Home Mortgage Solutions lent most frequently to those with incomes in the $100k-150k range, with 56 originations. The second most popular income band? $75k-100k, with 52 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 52 $16,870,000 $324,423 $3,597 3.80%
    30-36% 37 $10,575,000 $285,811 $3,347 3.97%
    40% 18 $6,140,000 $341,111 $3,020 4.10%
    38% 16 $5,850,000 $365,625 $3,808 4.10%
    43% 14 $5,240,000 $374,286 $5,164 4.72%
    <20% 11 $2,675,000 $243,182 $3,372 3.48%
    42% 11 $3,945,000 $358,636 $5,281 4.12%
    41% 9 $2,985,000 $331,667 $4,611 4.60%
    36% 9 $3,405,000 $378,333 $3,713 5.04%
    39% 7 $2,755,000 $393,571 $4,495 4.43%
    49% 7 $2,605,000 $372,143 $3,541 4.14%
    45% 5 $1,495,000 $299,000 $2,949 4.18%
    37% 5 $1,235,000 $247,000 $5,359 3.83%
    44% 4 $1,000,000 $250,000 $4,209 4.50%
    48% 4 $1,640,000 $410,000 $4,958 4.92%
    46% 3 $1,225,000 $408,333 $4,697 5.79%
    47% 2 $820,000 $410,000 $3,527 4.75%

    Cu Home Mortgage Solutions lent most frequently to those with DTI ratios of 20-30%, with 52 originations. The next most common DTI ratio? 30-36%, with 37 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 161 $53,175,000 $330,280 $3,965 4.08%
    Asian 17 $6,235,000 $366,765 $3,653 4.13%
    Not provided 19 $5,835,000 $307,105 $3,613 4.14%
    Black 13 $3,545,000 $272,692 $2,778 4.30%
    American Indian 4 $1,910,000 $477,500 $5,736 5.71%
    Native Hawaiian or Islander 2 $320,000 $160,000 $2,781 3.50%

    Approval Rates

    Total approvals of all applications
    90.08%

    Cu Home Mortgage Solutions has an average approval rate.

    Pick Rate

    Approvals leading to origination
    66.20%

    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 216 $71,020,000 $328,796

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    216 $71,020,000 $328,796

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 47 $8,845,000 $188,191 $2,376 3.56%
    40-60% 60 $16,490,000 $274,833 $3,203 3.83%
    60-80% 58 $22,590,000 $389,483 $4,493 4.20%
    80-100% 48 $22,830,000 $475,625 $5,422 4.98%
    Under 20% 3 $265,000 $88,333 $2,171 3.54%