Consolidated Federal Credit Union Mortgage Rates, Fees & Info
Portland, ORLEI: 549300KZVCKCUN23YY80
Tax ID: 93-0460086
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Mortgage Data
Review & Overview
Consolidated Federal Credit Union is a smaller credit union specializing in Home Improvement and Home Purchase loans. Consolidated Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Portland, Hood River, Charlotte, Salem, and Phoenix among others. We have data for 36 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 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 |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 6.27% | 4/28/24 |
| 30 Year Conventional Purchase | -3.90% | 4/28/24 |
| 30 Year Conventional Refi | 6.54% | 4/28/24 |
| 30 Year Cash-out Refi | 7.49% | 4/28/24 |
| 15 Year Conventional Purchase | 5.68% | 4/28/24 |
| 15 Year Conventional Refi | 6.55% | 4/28/24 |
| 15 Year Cash-out Refi | 6.55% | 4/28/24 |
| 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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
633Origination Dollar Volume (All Markets)
$130,255,000Top 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) | 468 | $100,240,000 | $214,188 | $10,527 | 5.11% |
| Outside of Metro Areas | 45 | $6,115,000 | $135,889 | $8,459 | 5.65% |
| Hood River, OR (FHA|USDA|VA) | 34 | $4,860,000 | $142,941 | $5,581 | 5.31% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 10 | $2,330,000 | $233,000 | $13,758 | 5.08% |
| SALEM, OR (FHA|USDA|VA) | 14 | $2,170,000 | $155,000 | $6,060 | 4.60% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 6 | $1,550,000 | $258,333 | $6,363 | 5.21% |
| BEND, OR (FHA|USDA|VA) | 9 | $1,335,000 | $148,333 | $2,999 | 4.11% |
| Astoria, OR (FHA|USDA|VA) | 1 | $1,305,000 | $1,305,000 | $20,532 | 4.75% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 2 | $1,230,000 | $615,000 | $15,459 | 3.75% |
| KAHULUI-WAILUKU-LAHAINA, HI (FHA|USDA|VA) | 1 | $975,000 | $975,000 | $14,672 | 5.50% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 5 | $975,000 | $195,000 | $6,567 | 4.65% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 2 | $900,000 | $450,000 | $0 | 5.75% |
| CORVALLIS, OR (FHA|USDA|VA) | 2 | $760,000 | $380,000 | $13,985 | 4.63% |
| EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) | 6 | $720,000 | $120,000 | $0 | 5.67% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 1 | $675,000 | $675,000 | $11,702 | 4.88% |
| Newport, OR (FHA|USDA|VA) | 1 | $475,000 | $475,000 | $8,844 | 3.50% |
| ALBANY-LEBANON, OR (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $14,631 | 4.50% |
| BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $0 | 3.50% |
| Hilo, HI (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $0 | 5.50% |
| Aberdeen, WA (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $6,425 | 5.38% |
| Bozeman, MT (FHA|USDA|VA) | 2 | $290,000 | $145,000 | $0 | 6.37% |
| BOULDER, CO (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 4.50% |
| GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 3.50% |
| WALLA WALLA, WA (FHA|USDA|VA) | 3 | $255,000 | $85,000 | $0 | 4.49% |
| SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) | 3 | $185,000 | $61,667 | $0 | 5.17% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 2 | $180,000 | $90,000 | $0 | 4.25% |
| The Dalles, OR (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $3,329 | 4.33% |
| KENNEWICK-RICHLAND, WA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 4.50% |
| LONGVIEW, WA (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 3.99% |
| HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 4.99% |
| CHICO, CA (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 4.99% |
| Roseburg, OR (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 4.50% |
| Prineville, OR (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 7.75% |
| Butte-Silver Bow, MT (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 5.00% |
| Bluefield, WV-VA (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 5.00% |
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 4.99% |
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.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| HELOC | 557 | $86,595,000 | $155,467 | n/a | 5.18% |
| Conventional | 76 | $43,660,000 | $574,474 | $10,263 | 4.66% |
For 2022, Consolidated Federal Credit Union's most frequently originated type of loan was HELOC, with 557 originations. Their 2nd most popular type was Conventional, with 76 originations.
Loan Reason
For 2022, Consolidated Federal Credit Union's most frequently cited loan purpose was Home Improvement, with 242 originations. The 2nd most popular reason was Home Purchase, with 166 originations.
Loan Duration/Length
For 2022, Consolidated Federal Credit Union's most frequently cited loan duration was 15 Year, with 559 originations. The 2nd most popular length was 30 Year, with 69 originations.
Origination Fees/Closing Costs
Consolidated Federal Credit Union's average total fees were $10,342, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 40 originations.
Interest Rates
During 2022, Consolidated Federal Credit Union's average interest rate for loans was 4.68%, while their most frequently originated rate bucket for loans was 3-4%, with 178 originations.
Loan Sizing
2022 saw Consolidated Federal Credit Union place emphasis on $100,000 or less loans with 224 originations, totaling $12,810,000 in origination value.
Applicant Income
Consolidated Federal Credit Union lent most frequently to those with incomes in the $150k-250k range, with 204 originations. The second most popular income band? $100k-150k, with 162 originations.
Applicant Debt to Income Ratio
Consolidated Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 161 originations. The next most common DTI ratio? 30-36%, with 113 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications85.22%
Consolidated Federal Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination77.09%
Consolidated Federal Credit Union has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 633 | $130,255,000 | $205,774 |