Wauna Federal Credit Union Mortgage Rates, Fees & Info

Clatskanie, OR

LEI: 549300LVO8UXHRM8O957

Tax ID: 93-0562551

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

Review & Overview

Wauna Federal Credit Union is a smaller credit union specializing in Refi loans. Wauna Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Astoria, Portland, Longview, Bend, and Hermiston among others. We have data for 6 markets. (Some data included below & more in-depth data is available with an active subscription.)

Wauna Federal Credit Union has an average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders. Wauna Federal Credit Union 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.

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	6.59%	12/16/24
30 Year Conventional Refi	6.41%	12/16/24
30 Year Cash-out Refi	6.27%	12/16/24
30 Year FHA Purchase	6.27%	12/16/24
30 Year FHA Refi	6.27%	12/16/24
30 Year VA Refi	6.27%	12/16/24
30 Year USDA Purchase	6.27%	12/16/24
15 Year Conventional Purchase	8.25%	12/16/24
15 Year Conventional Refi	6.72%	12/16/24
15 Year Cash-out Refi	6.72%	12/16/24
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.

Wauna Federal Credit Union Mortgage Calculator

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This is not an official calculator from Wauna 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

156

Origination Dollar Volume (All Markets)

$38,340,000

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
Astoria, OR (FHA\|USDA\|VA)	80	$19,220,000	$240,250	$6,270	3.23%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA\|USDA\|VA)	57	$15,335,000	$269,035	$6,958	3.08%
Outside of Metro Areas	13	$2,835,000	$218,077	$5,043	3.33%
LONGVIEW, WA (FHA\|USDA\|VA)	4	$720,000	$180,000	$4,409	2.87%
BEND, OR (FHA\|USDA\|VA)	1	$125,000	$125,000	$3,891	2.88%
Hermiston-Pendleton, OR (FHA\|USDA\|VA)	1	$105,000	$105,000	$3,372	2.75%

Wauna Federal Credit Union's top markets include Astoria, Portland, Longview, Bend, and Hermiston among others.

Their top states include:

Oregon (FHA|USDA|VA)

Washington (FHA|USDA|VA)

Similar Lenders

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

People's Community Federal Credit Union
Similarity Rank: 86

CASTPARTS EMPLOYEES
Similarity Rank: 660

Yakima Federal Savings and Loan Association
Similarity Rank: 1065

Bank of the Pacific
Similarity Rank: 1305

Pacific NW Federal Credit Union
Similarity Rank: 1406

SELCO COMMUNITY
Similarity Rank: 1725

Wauna Federal Credit Union
Similarity Rank: 2142

OREGONIANS CREDIT UNION
Similarity Rank: 2144

TWINSTAR
Similarity Rank: 2356

LENDERFI, INC.
Similarity Rank: 2584

Product Mix

Loan Type	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Conventional	156	$38,340,000	$245,769	$6,348	3.17%

For 2021, Wauna Federal Credit Union's most frequently originated type of loan was Conventional, with 156 originations.

Loan Reason

Loan Reason	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Refi	142	$33,950,000	$239,085	$6,224	3.15%
Home Purchase	13	$4,115,000	$316,538	$7,644	3.32%
Home Improvement	1	$275,000	$275,000	$7,735	3.88%

For 2021, Wauna Federal Credit Union's most frequently cited loan purpose was Refi, with 142 originations. The 2nd most popular reason was Home Purchase, with 13 originations.

Loan Duration/Length

Loan Length	Originations	Total Value	Average Loan	Average Fees	Average Rate
30 Year	95	$23,815,000	$250,684	$6,250	3.04%
15 Year	39	$7,365,000	$188,846	$4,631	3.61%
20 Year	11	$2,115,000	$192,273	$5,257	2.99%
30+ year	11	$5,045,000	$458,636	$14,152	2.87%

For 2021, Wauna Federal Credit Union's most frequently cited loan duration was 30 Year, with 95 originations. The 2nd most popular length was 15 Year, with 39 originations.

Origination Fees/Closing Costs

Origination Fee/Closing Cost	Originations	Total Value	Average Loan
$3k-4k	38	$8,320,000	$218,947
$2k-3k	34	$5,220,000	$153,529
$5k+	30	$12,730,000	$424,333
$4k-5k	29	$8,085,000	$278,793
$1k-2k	15	$1,745,000	$116,333
$<1k	4	$290,000	$72,500

Wauna Federal Credit Union's average total fees were $6,250, while their most frequently occuring range of origination fees (closing costs) were in the $3k-4k bucket, with 38 originations.

Interest Rates

Loan Rate	Originations	Total Value	Average Loan
2.5-3%	83	$21,035,000	$253,434
3-4%	45	$11,835,000	$263,000
<2.5%	13	$2,325,000	$178,846
4-5%	9	$2,595,000	$288,333
5-6%	4	$430,000	$107,500
6-7%	2	$120,000	$60,000

During 2021, Wauna Federal Credit Union's average interest rate for loans was 3.04%, while their most frequently originated rate bucket for loans was 2.5-3%, with 83 originations.

Loan Sizing

Loan Size	Originations	Total Value	Average Loan	Average Fees	Average Rate
$200k-400k	77	$21,315,000	$276,818	$6,971	3.14%
$100k-200k	53	$7,905,000	$149,151	$4,470	3.04%
$400k-600k	16	$7,720,000	$482,500	$12,422	3.05%
$100,000 or less	9	$705,000	$78,333	$2,191	4.37%
$600k-1MM	1	$695,000	$695,000	$10,942	2.88%

2021 saw Wauna Federal Credit Union place emphasis on $200k-400k loans with 77 originations, totaling $21,315,000 in origination value.

Applicant Income

Applicant Income	Originations	Total Value	Average Loan	Average Fees	Average Rate
$50k-75k	46	$10,490,000	$228,043	$6,175	3.10%
$50k or less	32	$5,350,000	$167,188	$4,787	3.21%
$100k-150k	30	$8,920,000	$297,333	$7,703	3.03%
$75k-100k	26	$6,550,000	$251,923	$6,284	3.26%
$150k-250k	12	$3,790,000	$315,833	$7,215	3.22%
$250k+	4	$1,710,000	$427,500	$10,945	3.44%

Wauna Federal Credit Union lent most frequently to those with incomes in the $50k-75k range, with 46 originations. The second most popular income band? $50k or less, with 32 originations.

Applicant Debt to Income Ratio

DTI Ratio	Originations	Total Value	Average Loan	Average Fees	Average Rate
20-30%	36	$7,870,000	$218,611	$5,753	3.12%
30-36%	33	$8,095,000	$245,303	$6,562	3.08%
<20%	16	$3,530,000	$220,625	$6,010	2.84%
43%	10	$2,850,000	$285,000	$6,896	3.79%
44%	8	$2,240,000	$280,000	$7,111	3.33%
47%	6	$1,530,000	$255,000	$6,466	3.16%
42%	5	$1,075,000	$215,000	$5,641	3.07%
45%	5	$1,445,000	$289,000	$8,342	2.80%
49%	5	$1,165,000	$233,000	$6,306	3.07%
41%	4	$810,000	$202,500	$5,438	2.81%
36%	4	$1,270,000	$317,500	$6,968	2.94%
39%	4	$1,150,000	$287,500	$8,007	3.03%
48%	3	$715,000	$238,333	$6,299	3.17%
46%	2	$190,000	$95,000	$2,095	4.50%
40%	2	$520,000	$260,000	$5,330	2.81%
38%	2	$760,000	$380,000	$11,123	3.00%
37%	2	$320,000	$160,000	$3,893	3.31%
50-60%	1	$175,000	$175,000	$5,073	2.99%
>60%	1	$505,000	$505,000	$14,430	2.63%

Wauna Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 36 originations. The next most common DTI ratio? 30-36%, with 33 originations.

Ethnicity Mix

Applicant Ethnicity	Originations	Total Value	Average Loan	Average Fees	Average Rate
White	147	$35,225,000	$239,626	$6,249	3.12%
Not applicable	3	$1,045,000	$348,333	$0	4.36%
Not provided	3	$905,000	$301,667	$0	4.52%
Other Asian	1	$515,000	$515,000	$14,473	2.75%
American Indian	1	$345,000	$345,000	$11,739	2.99%
Asian	1	$305,000	$305,000	$7,384	3.13%

Approval Rates

Total approvals of all applications
72.69%

Wauna Federal Credit Union has a below average approval rate.

Pick Rate

Approvals leading to origination
99.36%

Wauna Federal Credit Union has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.

Points and Fees

Points	Originations	Total Value	Average Loan
NA	156	$38,340,000	$245,769

Occupancy Type Mix

Dwelling Type	Originations	Total Value	Average Loan
	156	$38,340,000	$245,769

LTV Distribution

Loan to Value	Originations	Total Value	Average Loan	Average Fees	Average Rate
20-40%	16	$2,100,000	$131,250	$3,914	3.53%
40-60%	63	$12,625,000	$200,397	$5,515	3.04%
60-80%	64	$20,020,000	$312,813	$7,758	3.13%
80-100%	11	$3,465,000	$315,000	$7,803	3.05%
Under 20%	2	$130,000	$65,000	$867	6.00%