Boeing Employees Credit Union Mortgage Rates, Fees & Info

Tukwila, WA

LEI: 549300KM40FP4MSQU941

Tax ID: 91-0219435

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

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Mortgage Data

Review & Overview

Boeing Employees Credit Union is a mid-sized credit union specializing in Refi, Home Purchase, and Cash Out Refi loans. Boeing Employees Credit Union 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, Spokane, Bremerton, Portland, and Olympia among others. We have data for 92 markets. (Some data included below & more in-depth data is available with an active subscription.)

Boeing Employees 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. Boeing Employees 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.

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
Home Equity Line of Credit (HELOC) 7.33% 3/25/24
30 Year Conventional Purchase 6.20% 3/25/24
30 Year Conventional Refi 6.28% 3/25/24
30 Year Cash-out Refi 6.43% 3/25/24
30 Year FHA Purchase 7.17% 3/25/24
30 Year FHA Refi 6.81% 3/25/24
30 Year VA Purchase 6.16% 3/25/24
15 Year Conventional Purchase 5.73% 3/25/24
15 Year Conventional Refi 5.82% 3/25/24
15 Year Cash-out Refi 5.82% 3/25/24
15 Year VA Purchase 5.68% 3/25/24
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.

Boeing Employees Credit Union Mortgage Calculator






Your Estimates

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

This is not an official calculator from Boeing Employees Credit Union. 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

18,803

Origination Dollar Volume (All Markets)

$4,364,535,000
Show all (16) 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
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 15,579 $3,564,415,000 $228,796 $3,162 3.76%
SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) 447 $129,375,000 $289,430 $2,835 3.66%
BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) 364 $93,790,000 $257,665 $3,321 3.81%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 151 $72,105,000 $477,517 $3,299 3.66%
OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) 260 $69,800,000 $268,462 $2,694 3.75%
MOUNT VERNON-ANACORTES, WA (FHA|USDA|VA) 267 $51,215,000 $191,816 $3,022 3.78%
Oak Harbor, WA (FHA|USDA|VA) 227 $47,435,000 $208,965 $2,722 3.80%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 182 $39,110,000 $214,890 $2,982 3.59%
BELLINGHAM, WA (FHA|USDA|VA) 148 $33,300,000 $225,000 $3,103 3.70%
Outside of Metro Areas 134 $25,210,000 $188,134 $2,545 3.66%
WENATCHEE, WA (FHA|USDA|VA) 99 $24,675,000 $249,242 $2,883 3.73%
SALEM, OR (FHA|USDA|VA) 20 $16,300,000 $815,000 $3,278 3.49%
Ellensburg, WA (FHA|USDA|VA) 67 $16,275,000 $242,910 $3,231 3.58%
Shelton, WA (FHA|USDA|VA) 88 $15,830,000 $179,886 $2,613 3.80%
Aberdeen, WA (FHA|USDA|VA) 82 $13,640,000 $166,341 $2,814 3.72%
Pullman, WA (FHA|USDA|VA) 7 $10,505,000 $1,500,714 $3,095 3.19%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 34 $9,400,000 $276,471 $3,955 3.56%
KENNEWICK-RICHLAND, WA (FHA|USDA|VA) 48 $9,020,000 $187,917 $3,341 3.54%
Centralia, WA (FHA|USDA|VA) 48 $8,700,000 $181,250 $2,607 3.79%
Port Angeles, WA (FHA|USDA|VA) 49 $8,595,000 $175,408 $2,401 3.67%
Moses Lake, WA (FHA|USDA|VA) 42 $8,380,000 $199,524 $2,471 3.57%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 28 $8,120,000 $290,000 $4,120 3.47%
Outside of Metro Areas 34 $7,830,000 $230,294 $4,210 3.67%
TUCSON, AZ (FHA|USDA|VA) 33 $5,755,000 $174,394 $2,993 3.61%
YAKIMA, WA (FHA|USDA|VA) 36 $5,520,000 $153,333 $2,112 4.09%
BOISE CITY, ID (FHA|USDA|VA) 26 $5,110,000 $196,538 $3,848 3.47%
ST. LOUIS, MO-IL (FHA|USDA|VA) 28 $4,610,000 $164,643 $2,207 3.43%
LONGVIEW, WA (FHA|USDA|VA) 17 $3,835,000 $225,588 $3,312 3.70%
BEND, OR (FHA|USDA|VA) 16 $3,820,000 $238,750 $3,433 3.61%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 15 $3,735,000 $249,000 $4,476 3.84%
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 29 $3,695,000 $127,414 $2,407 4.04%
WALLA WALLA, WA (FHA|USDA|VA) 17 $3,515,000 $206,765 $2,885 3.53%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 12 $3,510,000 $292,500 $3,295 3.41%
Sandpoint, ID (FHA|USDA|VA) 15 $3,245,000 $216,333 $2,845 3.47%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 10 $2,700,000 $270,000 $3,120 3.49%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 11 $2,385,000 $216,818 $3,048 3.35%
Astoria, OR (FHA|USDA|VA) 10 $2,290,000 $229,000 $3,713 3.30%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 9 $2,065,000 $229,444 $3,334 3.59%
OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 3 $1,745,000 $581,667 $9,520 3.41%
MEDFORD, OR (FHA|USDA|VA) 5 $1,585,000 $317,000 $3,997 4.18%
LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) 10 $1,470,000 $147,000 $2,423 3.60%
Hood River, OR (FHA|USDA|VA) 5 $1,255,000 $251,000 $3,447 3.47%
PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 7 $1,205,000 $172,143 $1,899 3.77%
EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) 5 $1,075,000 $215,000 $3,227 3.71%
SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 2 $910,000 $455,000 $11,648 3.50%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 2 $910,000 $455,000 $4,803 3.44%
Truckee-Grass Valley, CA (FHA|USDA|VA) 2 $900,000 $450,000 $8,523 3.81%
Moscow, ID (FHA|USDA|VA) 3 $865,000 $288,333 $3,840 3.32%
SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 3 $775,000 $258,333 $2,642 3.32%
STATE COLLEGE, PA (FHA|USDA|VA) 3 $765,000 $255,000 $2,920 3.04%
Prineville, OR (FHA|USDA|VA) 2 $700,000 $350,000 $2,960 3.44%
PITTSBURGH, PA (FHA|USDA|VA) 3 $695,000 $231,667 $4,353 3.79%
Hailey, ID (FHA|USDA|VA) 2 $680,000 $340,000 $2,726 2.98%
Rexburg, ID (FHA|USDA|VA) 2 $630,000 $315,000 $2,855 3.56%
HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 1 $575,000 $575,000 $3,556 3.63%
SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 3 $555,000 $185,000 $0 4.26%
FRESNO, CA (FHA|USDA|VA) 2 $550,000 $275,000 $2,809 3.61%
LEWISTON, ID-WA (FHA|USDA|VA) 3 $505,000 $168,333 $2,158 3.74%
Newport, OR (FHA|USDA|VA) 1 $495,000 $495,000 $6,308 3.25%
IDAHO FALLS, ID (FHA|USDA|VA) 2 $480,000 $240,000 $3,104 3.31%
VISALIA, CA (FHA|USDA|VA) 2 $470,000 $235,000 $2,160 3.73%
CORVALLIS, OR (FHA|USDA|VA) 2 $460,000 $230,000 $3,796 3.80%
MODESTO, CA (FHA|USDA|VA) 1 $425,000 $425,000 $2,699 2.50%
The Dalles, OR (FHA|USDA|VA) 2 $400,000 $200,000 $1,956 4.55%
WICHITA, KS (FHA|USDA|VA) 3 $315,000 $105,000 $787 3.89%
La Grande, OR (FHA|USDA|VA) 3 $285,000 $95,000 $1,858 3.44%
ALBANY-LEBANON, OR (FHA|USDA|VA) 2 $280,000 $140,000 $3,460 4.11%
COLUMBIA, SC (FHA|USDA|VA) 1 $275,000 $275,000 $5,516 3.25%
EL CENTRO, CA (FHA|USDA|VA) 1 $275,000 $275,000 $2,703 3.63%
LANCASTER, PA (FHA|USDA|VA) 1 $275,000 $275,000 $3,928 3.13%
Roseburg, OR (FHA|USDA|VA) 1 $255,000 $255,000 $2,048 2.75%
Hermiston-Pendleton, OR (FHA|USDA|VA) 1 $255,000 $255,000 $4,165 2.63%
HANFORD-CORCORAN, CA (FHA|USDA|VA) 2 $240,000 $120,000 $4,429 3.50%
NAPA, CA (FHA|USDA|VA) 1 $205,000 $205,000 $3,566 2.88%
Branson, MO (FHA|USDA|VA) 1 $205,000 $205,000 $2,416 3.25%
GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 1 $195,000 $195,000 $1,815 3.25%
KANSAS CITY, MO-KS (FHA|USDA|VA) 2 $180,000 $90,000 $0 4.17%
BAKERSFIELD, CA (FHA|USDA|VA) 1 $175,000 $175,000 $0 3.38%
YUMA, AZ (FHA|USDA|VA) 1 $175,000 $175,000 $0 3.59%
Lewisburg, PA (FHA|USDA|VA) 1 $135,000 $135,000 $2,599 3.38%
Othello, WA (FHA|USDA|VA) 1 $105,000 $105,000 $0 3.59%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 1 $105,000 $105,000 $3,235 4.00%
SPRINGFIELD, MO (FHA|USDA|VA) 1 $105,000 $105,000 $2,377 2.50%
Klamath Falls, OR (FHA|USDA|VA) 1 $85,000 $85,000 $2,389 3.75%
ERIE, PA (FHA|USDA|VA) 1 $85,000 $85,000 $0 3.50%
SIERRA VISTA-DOUGLAS, AZ (FHA|USDA|VA) 2 $80,000 $40,000 $0 3.55%
VALLEJO, CA (FHA|USDA|VA) 1 $75,000 $75,000 $0 4.84%
Eureka-Arcata, CA (FHA|USDA|VA) 1 $75,000 $75,000 $0 3.59%
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 1 $65,000 $65,000 $0 3.59%
Salina, KS (FHA|USDA|VA) 1 $55,000 $55,000 $1,153 3.00%
SPARTANBURG, SC (FHA|USDA|VA) 1 $45,000 $45,000 $0 3.84%
REDDING, CA (FHA|USDA|VA) 1 $35,000 $35,000 $0 5.09%
Boeing Employees Credit Union's top markets include Seattle, Spokane, Bremerton, Portland, and Olympia among others.

Their top states include:
  • Washington (FHA|USDA|VA)
  • Oregon (FHA|USDA|VA)
  • Arizona (FHA|USDA|VA)
  • California (FHA|USDA|VA)
  • Idaho (FHA|USDA|VA)
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    HELOC 10,329 $1,396,535,000 $135,205 n/a 4.02%
    Conventional 8,423 $2,948,365,000 $350,037 $3,092 3.41%
    VA 36 $14,670,000 $407,500 $7,935 3.15%
    FHA 15 $4,965,000 $331,000 $8,956 3.21%

    For 2020, Boeing Employees Credit Union's most frequently originated type of loan was HELOC, with 10,329 originations. Their 2nd most popular type was Conventional, with 8,423 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 5,472 $1,307,660,000 $238,973 $2,209 3.61%
    Home Improvement 5,061 $584,265,000 $115,445 $1,872 4.05%
    Home Purchase 2,993 $1,053,435,000 $351,966 $4,148 3.44%
    Cash Out Refi 2,916 $1,105,740,000 $379,198 $3,314 3.59%
    Other 2,361 $313,435,000 $132,755 $2,247 4.02%

    For 2020, Boeing Employees Credit Union's most frequently cited loan purpose was Refi, with 5,472 originations. The 2nd most popular reason was Home Improvement, with 5,061 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 10,843 $1,477,465,000 $136,260 $24 4.00%
    30 Year 5,258 $1,844,220,000 $350,746 $3,730 3.52%
    15 Year 1,694 $445,610,000 $263,052 $2,380 3.09%
    20 Year 703 $195,505,000 $278,101 $2,862 3.47%
    10 Year 305 $401,735,000 $1,317,164 $1,867 3.09%

    For 2020, Boeing Employees Credit Union's most frequently cited loan duration was Other, with 10,843 originations. The 2nd most popular length was 30 Year, with 5,258 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 5,350 $1,505,430,000 $281,389
    $1k-2k 1,025 $330,405,000 $322,346
    $2k-3k 571 $204,575,000 $358,275
    $5k+ 486 $235,590,000 $484,753
    $3k-4k 341 $126,175,000 $370,015
    $4k-5k 233 $93,815,000 $402,639

    Boeing Employees Credit Union's average total fees were $3,730, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 5,350 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 11,711 $3,081,115,000 $263,096
    4-5% 3,601 $518,725,000 $144,050
    2.5-3% 2,375 $656,305,000 $276,339
    5-6% 828 $74,870,000 $90,423
    6-7% 126 $7,880,000 $62,540
    7-8% 93 $6,215,000 $66,828
    <2.5% 69 $19,425,000 $281,522

    During 2020, Boeing Employees Credit Union's average interest rate for loans was 3.52%, while their most frequently originated rate bucket for loans was 3-4%, with 11,711 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 6,693 $1,861,115,000 $278,069 $3,059 3.56%
    $100k-200k 5,011 $707,615,000 $141,212 $1,785 3.77%
    $100,000 or less 4,870 $275,240,000 $56,517 $954 4.12%
    $400k-600k 1,728 $821,110,000 $475,179 $4,417 3.45%
    $600k-1MM 386 $279,740,000 $724,715 $6,184 3.41%
    $1MM+ 115 $419,715,000 $3,649,696 $7,772 3.30%

    2020 saw Boeing Employees Credit Union place emphasis on $200k-400k loans with 6,693 originations, totaling $1,861,115,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 5,382 $1,131,390,000 $210,217 $3,248 3.78%
    $150k-250k 4,468 $1,091,510,000 $244,295 $3,566 3.76%
    $75k-100k 3,388 $645,500,000 $190,525 $2,994 3.75%
    $50k-75k 2,766 $454,060,000 $164,158 $2,604 3.73%
    $250k+ 1,354 $408,490,000 $301,691 $4,184 3.76%
    $50k or less 1,036 $131,700,000 $127,124 $2,223 3.68%

    Boeing Employees Credit Union lent most frequently to those with incomes in the $100k-150k range, with 5,382 originations. The second most popular income band? $150k-250k, with 4,468 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 4,634 $994,350,000 $214,577 $2,878 3.66%
    30-36% 3,544 $777,710,000 $219,444 $3,295 3.73%
    <20% 1,700 $328,470,000 $193,218 $2,290 3.57%
    50-60% 1,419 $240,275,000 $169,327 $4,206 3.94%
    37% 599 $130,325,000 $217,571 $3,304 3.72%
    38% 590 $131,710,000 $223,237 $3,533 3.74%
    42% 588 $138,040,000 $234,762 $3,404 3.80%
    40% 588 $142,460,000 $242,279 $3,701 3.82%
    44% 583 $134,155,000 $230,111 $3,461 3.84%
    39% 582 $128,010,000 $219,948 $3,226 3.75%
    36% 582 $132,890,000 $228,333 $3,707 3.77%
    41% 565 $130,915,000 $231,708 $3,486 3.82%
    43% 517 $121,835,000 $235,658 $3,527 3.80%
    49% 487 $93,585,000 $192,166 $3,415 4.01%
    48% 446 $87,730,000 $196,704 $3,239 3.95%
    47% 437 $89,705,000 $205,275 $3,136 3.86%
    45% 426 $90,450,000 $212,324 $3,143 3.92%
    46% 412 $83,180,000 $201,893 $3,063 3.83%
    >60% 2 $330,000 $165,000 $0 3.73%

    Boeing Employees Credit Union lent most frequently to those with DTI ratios of 20-30%, with 4,634 originations. The next most common DTI ratio? 30-36%, with 3,544 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 13,877 $2,873,705,000 $207,084 $3,086 3.76%
    Not provided 2,145 $500,395,000 $233,284 $3,117 3.66%
    Asian 1,657 $389,105,000 $234,825 $3,210 3.76%
    Not applicable 96 $384,010,000 $4,000,104 $0 3.38%
    Black 470 $100,480,000 $213,787 $3,794 3.85%
    American Indian 212 $39,600,000 $186,792 $3,309 3.83%
    Native Hawaiian or Islander 86 $16,990,000 $197,558 $3,309 4.00%
    Asian Indian 50 $13,890,000 $277,800 $3,127 3.56%
    Filipino 55 $12,975,000 $235,909 $3,326 3.54%
    Other Asian 63 $12,775,000 $202,778 $3,310 3.72%
    Chinese 32 $7,650,000 $239,063 $2,363 3.58%
    Vietnamese 23 $5,075,000 $220,652 $3,205 3.77%
    Japanese 11 $3,225,000 $293,182 $2,371 3.58%
    Korean 11 $2,275,000 $206,818 $5,070 3.82%
    Other Pacific Islander 11 $1,625,000 $147,727 $3,968 4.01%
    Guamanian 3 $465,000 $155,000 $1,519 3.45%
    Samoan 1 $295,000 $295,000 $4,125 2.88%

    Approval Rates

    Total approvals of all applications
    78.46%

    Boeing Employees Credit Union has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    71.64%

    Boeing Employees Credit Union has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 18,803 $4,364,535,000 $232,119

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 103 $388,485,000 $3,771,699
    Single Family (1-4 Units):Manufactured 169 $25,005,000 $147,959
    Single Family (1-4 Units):Site-Built 18,531 $3,951,045,000 $213,213

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 5,056 $969,180,000 $191,689 $1,802 3.75%
    40-60% 3,083 $975,105,000 $316,284 $2,394 3.54%
    60-80% 3,023 $1,274,265,000 $421,523 $3,982 3.57%
    80-100% 1,694 $652,260,000 $385,041 $4,156 3.35%
    Over 100% 12 $5,130,000 $427,500 $14,398 3.08%
    Under 20% 5,935 $488,595,000 $82,324 $1,053 4.06%

    Complaints

    Bank Name Product Issue 2020 CPFB Complaints % of Total Issues
    BOEING EMPLOYEES CREDIT UNION Conventional home mortgage Struggling to pay mortgage 1 14.3%
    BOEING EMPLOYEES CREDIT UNION Conventional home mortgage Trouble during payment process 5 71.4%
    BOEING EMPLOYEES CREDIT UNION Home equity loan or line of credit (HELOC) Trouble during payment process 1 14.3%