Cu Home Mortgage Solutions Rates, Fees & Info

SEATTLE, WA

LEI: 549300KJONXRDR2YPQ42

Tax ID: 26-9330007

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

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • 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 Refi, Other, 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, Portland, and Aberdeen among others. We have data for 14 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 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% 4/22/24
    30 Year Conventional Refi 6.21% 4/22/24
    30 Year Cash-out Refi 6.32% 4/22/24
    30 Year FHA Purchase 6.27% 4/22/24
    30 Year VA Purchase 5.80% 4/22/24
    30 Year VA Refi 6.27% 4/22/24
    15 Year Conventional Purchase 6.03% 4/22/24
    15 Year Conventional Refi 5.77% 4/22/24
    15 Year Cash-out Refi 5.77% 4/22/24
    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.

    Cu Home Mortgage Solutions Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Cu Home Mortgage Solutions. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

    The default purchase price is the median sales price across the US for 2022Q4, per FRED.


    Originations

    631

    Origination Dollar Volume (All Markets)

    $185,175,000

    Awards

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

    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
    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.

    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.

    O BEE
    Similarity Rank: 447
    Olympia Federal Savings & Loan Association
    Similarity Rank: 840
    VERITY
    Similarity Rank: 2550
    LO, INC.
    Similarity Rank: 2560
    Bank of the Pacific
    Similarity Rank: 2639
    SOUND
    Similarity Rank: 2709
    Shea Mortgage Inc.
    Similarity Rank: 2850
    NorthWest Plus Credit Union
    Similarity Rank: 2961
    TRISTAR FINANCE, INC.
    Similarity Rank: 3224
    America's Credit Union
    Similarity Rank: 3248

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 599 $174,875,000 $291,945 $2,818 2.94%
    VA 32 $10,300,000 $321,875 $5,660 2.57%

    For 2021, Cu Home Mortgage Solutions's most frequently originated type of loan was Conventional, with 599 originations. Their 2nd most popular type was VA, with 32 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. 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 2021, Cu Home Mortgage Solutions's most frequently cited loan purpose was Refi, with 218 originations. The 2nd most popular reason was 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 2021, Cu Home Mortgage Solutions's most frequently cited loan duration was 30 Year, with 418 originations. The 2nd most popular length was 15 Year, with 125 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost 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
    $5k+ 17 $7,985,000 $469,706
    $3k-4k 10 $3,910,000 $391,000
    $4k-5k 7 $1,955,000 $279,286

    Cu Home Mortgage Solutions's average total fees were $3,265, while their most frequently occuring range of origination fees (closing costs) 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 for loans was 3.07%, while their most frequently originated rate bucket for loans was 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 or Islander 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 applications
    89.70%

    Cu Home Mortgage Solutions has an average approval rate.

    Pick Rate

    Approvals leading to origination
    55.31%

    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%