Cascade Federal Credit Union Mortgage Rates, Fees & Info
Kent, WALEI: 549300OTNSBY6RS8HU51
Tax ID: 91-0596529
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Cascade Federal Credit Union is a smaller credit union specializing in Refi and Cash Out Refi loans. Cascade Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Portland, Seattle, Bremerton, and Wenatchee among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)Cascade 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.
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Originations
12Origination Dollar Volume (All Markets)
$1,250,000Top 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) | 6 | $900,000 | $150,000 | $0 | 0.00% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 4 | $280,000 | $70,000 | $0 | 0.00% |
| BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 0.00% |
| WENATCHEE, WA (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 0.00% |
Their top states include:
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 12 | $1,250,000 | $104,167 | $0 | 0.00% |
For 2023, Cascade Federal Credit Union's most frequently originated type of loan was Conventional, with 12 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Refi | 7 | $815,000 | $116,429 | $0 | 0.00% |
| Cash Out Refi | 4 | $300,000 | $75,000 | $0 | 0.00% |
| Home Improvement | 1 | $135,000 | $135,000 | $0 | 0.00% |
For 2023, Cascade Federal Credit Union's most frequently cited loan purpose was Refi, with 7 originations. The 2nd most popular reason was Cash Out Refi, with 4 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 12 | $1,250,000 | $104,167 | $0 | 0.00% |
For 2023, Cascade Federal Credit Union's most frequently cited loan duration was Other, with 12 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $100,000 or less | 7 | $335,000 | $47,857 | $0 | 0.00% |
| $100k-200k | 4 | $460,000 | $115,000 | $0 | 0.00% |
| $400k-600k | 1 | $455,000 | $455,000 | $0 | 0.00% |
2023 saw Cascade Federal Credit Union place emphasis on $100,000 or less loans with 7 originations, totaling $335,000 in origination value.
Applicant Income
| Applicant Income | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $100k-150k | 5 | $375,000 | $75,000 | $0 | 0.00% |
| $50k or less | 1 | $25,000 | $25,000 | $0 | 0.00% |
| $75k-100k | 1 | $105,000 | $105,000 | $0 | 0.00% |
Cascade Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 5 originations. The second most popular income band? $50k or less, with 1 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 12 | $1,250,000 | $104,167 | $0 | 0.00% |
Cascade Federal Credit Union lent most frequently to those with DTI ratios of Exempt%, with 12 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 9 | $705,000 | $78,333 | $0 | 0.00% |
| Not provided | 2 | $500,000 | $250,000 | $0 | 0.00% |
| Japanese | 1 | $45,000 | $45,000 | $0 | 0.00% |
Approval Rates
Total approvals of all applications82.35%
Cascade Federal Credit Union has a below average approval rate.
Pick Rate
Approvals leading to origination83.33%
Cascade Federal Credit Union has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 12 | $1,250,000 | $104,167 |