Consolidated Federal Credit Union Mortgage Rates, Fees & Info

Portland, OR

LEI: 549300KZVCKCUN23YY80

Tax ID: 93-0460086

3.9 stars - Updated: 7/11/24 - out of 5 stars, based on 18 reviews

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

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Mortgage Data

Review & Overview

Consolidated Federal Credit Union is a smaller credit union specializing in Home Improvement, Other, and Home Purchase loans. Consolidated Federal Credit Union has an average proportion of conventional loans. Their top markets by origination volume include: Portland, Hood River, Los Angeles, Seattle, and Salem among others. We have data for 24 markets. (Some data included below & more in-depth data is available with an active subscription.)

Consolidated Federal 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. Consolidated Federal Credit Union is typically a high 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 relatively high 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.

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SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
Home Equity Line of Credit (HELOC) 6.27% 7/11/24
30 Year Conventional Purchase -3.90% 7/11/24
30 Year Conventional Refi 6.54% 7/11/24
30 Year Cash-out Refi 7.49% 7/11/24
15 Year Conventional Purchase 5.68% 7/11/24
15 Year Conventional Refi 6.55% 7/11/24
15 Year Cash-out Refi 6.55% 7/11/24
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.

Consolidated Federal Credit Union Mortgage Calculator






Your Estimates

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

This is not an official calculator from Consolidated Federal 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

315

Origination Dollar Volume (All Markets)

$51,295,000

Awards

Consolidated Federal Credit Union 30 Year Conventional Loans bronze Consolidated Federal Credit Union 30 Year Conventional Loans silver
Show all (2) awards

Relative Rate

Consolidated Federal Credit Union's average 30 year fixed mortgage rate was 6.11%.

The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

This yields a difference of -0.37%.

Relative Fees (Closing Costs)

Consolidated Federal Credit Union's average total fees/closing costs for a 30 year fixed rate mortgage were $11,321.

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 $9,089.

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
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 225 $36,685,000 $163,044 $10,498 8.30%
Hood River, OR (FHA|USDA|VA) 31 $3,605,000 $116,290 $0 8.55%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 4 $2,430,000 $607,500 $16,775 7.03%
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 6 $1,500,000 $250,000 $10,887 8.00%
Outside of Metro Areas 7 $1,195,000 $170,714 $12,547 8.02%
SALEM, OR (FHA|USDA|VA) 9 $1,095,000 $121,667 $0 8.88%
CORVALLIS, OR (FHA|USDA|VA) 2 $760,000 $380,000 $13,985 7.00%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 6 $660,000 $110,000 $0 8.50%
The Dalles, OR (FHA|USDA|VA) 4 $560,000 $140,000 $4,804 7.69%
BOISE CITY, ID (FHA|USDA|VA) 2 $430,000 $215,000 $8,300 6.75%
BEND, OR (FHA|USDA|VA) 2 $360,000 $180,000 $0 7.37%
Astoria, OR (FHA|USDA|VA) 2 $360,000 $180,000 $0 8.75%
Port Angeles, WA (FHA|USDA|VA) 1 $305,000 $305,000 $0 9.00%
LONGVIEW, WA (FHA|USDA|VA) 4 $280,000 $70,000 $0 9.44%
BOULDER, CO (FHA|USDA|VA) 1 $255,000 $255,000 $0 8.25%
ALBANY-LEBANON, OR (FHA|USDA|VA) 1 $205,000 $205,000 $0 7.99%
CHATTANOOGA, TN-GA (FHA|USDA|VA) 1 $105,000 $105,000 $0 9.75%
Hermiston-Pendleton, OR (FHA|USDA|VA) 1 $105,000 $105,000 $0 8.50%
La Grande, OR (FHA|USDA|VA) 1 $105,000 $105,000 $0 9.25%
TUCSON, AZ (FHA|USDA|VA) 1 $85,000 $85,000 $0 7.75%
ASHEVILLE, NC (FHA|USDA|VA) 1 $55,000 $55,000 $0 8.25%
Gardnerville Ranchos, NV (FHA|USDA|VA) 1 $55,000 $55,000 $0 7.99%
VALLEJO, CA (FHA|USDA|VA) 1 $55,000 $55,000 $0 8.50%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 1 $45,000 $45,000 $0 9.75%
Consolidated Federal Credit Union's top markets include Portland, Hood River, Los Angeles, Seattle, and Salem among others.

Their top states include:
  • Oregon (FHA|USDA|VA)
  • Washington (FHA|USDA|VA)
  • California (FHA|USDA|VA)
  • North Carolina (FHA|USDA|VA)
  • Idaho (FHA|USDA|VA)
  • Similar Lenders

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

    INROADS
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    ADVANTIS
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    Oregon State Credit Union
    Similarity Rank: 1834
    Rivermark Community Credit Union
    Similarity Rank: 1914
    First Republic Bank
    Similarity Rank: 1957

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    HELOC 296 $41,240,000 $139,324 n/a 8.45%
    Conventional 19 $10,055,000 $529,211 $11,386 6.12%

    For 2023, Consolidated Federal Credit Union's most frequently originated type of loan was HELOC, with 296 originations. Their 2nd most popular type was Conventional, with 19 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 127 $15,415,000 $121,378 $0 8.40%
    Other 96 $10,800,000 $112,500 $0 8.78%
    Home Purchase 69 $21,585,000 $312,826 $11,321 7.52%
    Refi 23 $3,495,000 $151,957 $12,547 8.25%

    For 2023, Consolidated Federal Credit Union's most frequently cited loan purpose was Home Improvement, with 127 originations. The 2nd most popular reason was Other, with 96 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    15 Year 296 $41,240,000 $139,324 $0 8.45%
    30 Year 18 $9,660,000 $536,667 $11,321 6.11%
    30+ year 1 $395,000 $395,000 $12,547 6.38%

    For 2023, Consolidated Federal Credit Union's most frequently cited loan duration was 15 Year, with 296 originations. The 2nd most popular length was 30 Year, with 18 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $5k+ 13 $8,585,000 $660,385
    $3k-4k 3 $815,000 $271,667
    $4k-5k 2 $500,000 $250,000
    $2k-3k 1 $155,000 $155,000

    Consolidated Federal Credit Union's average total fees were $11,321, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 13 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    Over 8% 152 $15,860,000 $104,342
    7-8% 130 $22,350,000 $171,923
    6-7% 24 $10,070,000 $419,583
    5-6% 8 $2,410,000 $301,250
    3-4% 1 $605,000 $605,000

    During 2023, Consolidated Federal Credit Union's average interest rate for loans was 6.11%, while their most frequently originated rate bucket for loans was Over 8%, with 152 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 136 $7,680,000 $56,471 $0 8.68%
    $100k-200k 86 $11,340,000 $131,860 $5,624 8.43%
    $200k-400k 77 $20,835,000 $270,584 $8,266 7.83%
    $600k-1MM 8 $5,730,000 $716,250 $17,538 6.86%
    $400k-600k 6 $2,760,000 $460,000 $9,829 7.00%
    $1MM+ 2 $2,950,000 $1,475,000 $19,661 6.50%

    2023 saw Consolidated Federal Credit Union place emphasis on $100,000 or less loans with 136 originations, totaling $7,680,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 92 $14,630,000 $159,022 $10,184 8.36%
    $100k-150k 71 $8,345,000 $117,535 $7,576 8.50%
    $250k+ 71 $20,885,000 $294,155 $18,013 7.94%
    $75k-100k 36 $4,050,000 $112,500 $10,160 8.50%
    $50k-75k 30 $2,140,000 $71,333 $6,556 8.29%
    $50k or less 15 $1,245,000 $83,000 $4,804 8.53%

    Consolidated Federal Credit Union lent most frequently to those with incomes in the $150k-250k range, with 92 originations. The second most popular income band? $100k-150k, with 71 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 76 $10,660,000 $140,263 $8,619 8.23%
    30-36% 55 $7,295,000 $132,636 $5,454 8.37%
    <20% 25 $6,775,000 $271,000 $15,594 7.95%
    42% 15 $2,855,000 $190,333 $13,985 8.23%
    44% 14 $1,550,000 $110,714 $0 8.41%
    36% 14 $2,070,000 $147,857 $15,556 8.63%
    39% 13 $2,545,000 $195,769 $15,487 7.99%
    37% 12 $2,080,000 $173,333 $6,461 8.14%
    38% 12 $1,780,000 $148,333 $6,335 8.23%
    50-60% 12 $3,450,000 $287,500 $8,090 7.67%
    46% 11 $2,655,000 $241,364 $8,318 7.99%
    41% 11 $1,385,000 $125,909 $0 8.70%
    49% 8 $700,000 $87,500 $0 9.59%
    40% 8 $2,270,000 $283,750 $16,520 8.53%
    45% 8 $840,000 $105,000 $0 8.78%
    43% 7 $805,000 $115,000 $0 8.32%
    >60% 6 $760,000 $126,667 $0 8.38%
    47% 5 $385,000 $77,000 $0 9.05%
    48% 3 $435,000 $145,000 $0 9.16%

    Consolidated Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 76 originations. The next most common DTI ratio? 30-36%, with 55 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 230 $35,700,000 $155,217 $11,107 8.37%
    Not provided 72 $13,370,000 $185,694 $10,872 8.19%
    Asian 10 $1,240,000 $124,000 $5,793 7.81%
    Vietnamese 1 $845,000 $845,000 $22,183 7.00%
    Black 2 $140,000 $70,000 $0 9.63%

    Approval Rates

    Total approvals of all applications
    81.19%

    Consolidated Federal Credit Union has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    78.41%

    Consolidated Federal Credit Union has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 315 $51,295,000 $162,841

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    315 $51,295,000 $162,841

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 92 $17,050,000 $185,326 $0 8.36%
    40-60% 35 $10,175,000 $290,714 $7,588 7.75%
    60-80% 14 $8,100,000 $578,571 $14,751 6.92%
    80-100% 4 $2,470,000 $617,500 $12,915 6.53%
    Under 20% 170 $13,500,000 $79,412 $6,461 8.56%