Cu Home Mortgage Solutions Rates, Fees & Info
SEATTLE, WALEI: 549300KJONXRDR2YPQ42
Tax ID: 26-9330007
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Mortgage Data
Review & Overview
Cu Home Mortgage Solutions is a smaller mortgage company specializing in Cash Out Refi, Refi, and Home Purchase loans. Cu Home Mortgage Solutions has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: Seattle, Olympia, Bremerton, Shelton, and Aberdeen among others. We have data for 18 markets. (Some data included below & more in-depth data is available with an active subscription.)Cu Home Mortgage Solutions 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. Cu Home Mortgage Solutions 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.40% | 12/17/24 |
| 30 Year Conventional Refi | 6.21% | 12/17/24 |
| 30 Year Cash-out Refi | 6.32% | 12/17/24 |
| 30 Year FHA Purchase | 6.27% | 12/17/24 |
| 30 Year VA Purchase | 5.80% | 12/17/24 |
| 30 Year VA Refi | 6.27% | 12/17/24 |
| 15 Year Conventional Purchase | 6.03% | 12/17/24 |
| 15 Year Conventional Refi | 5.77% | 12/17/24 |
| 15 Year Cash-out Refi | 5.77% | 12/17/24 |
| 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. | ||
Cu Home Mortgage Solutions Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
427Origination Dollar Volume (All Markets)
$126,955,000Awards
CU HOME MORTGAGE SOLUTIONS - 2019
CU HOME MORTGAGE SOLUTIONS is a 2019 , due to their low .
For 2019, less than of lenders were eligible for this award.
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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) | 359 | $109,605,000 | $305,306 | $4,954 | 3.81% |
| OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) | 23 | $6,455,000 | $280,652 | $4,601 | 3.37% |
| BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) | 11 | $3,755,000 | $341,364 | $6,009 | 3.59% |
| Shelton, WA (FHA|USDA|VA) | 4 | $1,060,000 | $265,000 | $3,202 | 3.47% |
| Aberdeen, WA (FHA|USDA|VA) | 5 | $885,000 | $177,000 | $5,750 | 4.08% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 4 | $710,000 | $177,500 | $5,413 | 3.84% |
| WENATCHEE, WA (FHA|USDA|VA) | 2 | $620,000 | $310,000 | $3,952 | 3.81% |
| SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) | 4 | $610,000 | $152,500 | $5,136 | 3.94% |
| Outside of Metro Areas | 3 | $555,000 | $185,000 | $5,258 | 3.75% |
| Oak Harbor, WA (FHA|USDA|VA) | 2 | $480,000 | $240,000 | $5,334 | 4.00% |
| BELLINGHAM, WA (FHA|USDA|VA) | 2 | $400,000 | $200,000 | $4,092 | 3.69% |
| Centralia, WA (FHA|USDA|VA) | 2 | $350,000 | $175,000 | $5,496 | 4.06% |
| YAKIMA, WA (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $8,494 | 3.63% |
| Ellensburg, WA (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $1,825 | 4.00% |
| Roseburg, OR (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $3,337 | 3.88% |
| MOUNT VERNON-ANACORTES, WA (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $5,283 | 2.88% |
| Port Angeles, WA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $2,159 | 4.25% |
| Newport, OR (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $2,753 | 3.75% |
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.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 409 | $121,545,000 | $297,176 | $4,954 | 3.79% |
| VA | 15 | $4,535,000 | $302,333 | $3,866 | 3.62% |
| FHA | 3 | $875,000 | $291,667 | $9,065 | 3.96% |
For 2019, Cu Home Mortgage Solutions's most frequently originated type of loan was Conventional, with 409 originations. Their 2nd most popular type was VA, with 15 originations.
Loan Reason
For 2019, Cu Home Mortgage Solutions's most frequently cited loan purpose was Cash Out Refi, with 105 originations. The 2nd most popular reason was Refi, with 101 originations.
Loan Duration/Length
For 2019, Cu Home Mortgage Solutions's most frequently cited loan duration was 30 Year, with 344 originations. The 2nd most popular length was 15 Year, with 67 originations.
Origination Fees/Closing Costs
Cu Home Mortgage Solutions's average total fees were $5,263, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 124 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 276 | $83,880,000 | $303,913 |
| 4-5% | 110 | $31,440,000 | $285,818 |
| <2.5% | 23 | $6,945,000 | $301,957 |
| 2.5-3% | 12 | $2,850,000 | $237,500 |
| 5-6% | 6 | $1,840,000 | $306,667 |
During 2019, Cu Home Mortgage Solutions's average interest rate for loans was 3.87%, while their most frequently originated rate bucket for loans was 3-4%, with 276 originations.
Loan Sizing
2019 saw Cu Home Mortgage Solutions place emphasis on $200k-400k loans with 220 originations, totaling $61,820,000 in origination value.
Applicant Income
Cu Home Mortgage Solutions lent most frequently to those with incomes in the $100k-150k range, with 123 originations. The second most popular income band? $50k-75k, with 94 originations.
Applicant Debt to Income Ratio
Cu Home Mortgage Solutions lent most frequently to those with DTI ratios of 30-36%, with 101 originations. The next most common DTI ratio? 20-30%, with 91 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications82.24%
Cu Home Mortgage Solutions has a below average approval rate.
Pick Rate
Approvals leading to origination68.15%
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 | 427 | $126,955,000 | $297,319 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 6 | $870,000 | $145,000 |
| Single Family (1-4 Units):Site-Built | 421 | $126,085,000 | $299,489 |