Cascade Federal Credit Union Mortgage Rates, Fees & Info

Kent, WA

LEI: 549300OTNSBY6RS8HU51

Tax ID: 91-0596529

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Mortgage Data

Review & Overview

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

Cascade Federal Credit Union has an above 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

84

Origination Dollar Volume (All Markets)

$13,410,000

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
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 54 $8,990,000 $166,481 $0 0.00%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 26 $3,990,000 $153,462 $0 0.00%
LONGVIEW, WA (FHA|USDA|VA) 1 $135,000 $135,000 $0 0.00%
WENATCHEE, WA (FHA|USDA|VA) 1 $135,000 $135,000 $0 0.00%
KENNEWICK-RICHLAND, WA (FHA|USDA|VA) 1 $95,000 $95,000 $0 0.00%
BEND, OR (FHA|USDA|VA) 1 $65,000 $65,000 $0 0.00%
Cascade Federal Credit Union's top markets include Seattle, Portland, Longview, Wenatchee, and Kennewick among others.

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

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 84 $13,410,000 $159,643 $0 0.00%

    For 2018, Cascade Federal Credit Union's most frequently originated type of loan was Conventional, with 84 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 29 $5,195,000 $179,138 $0 0.00%
    Home Improvement 20 $1,360,000 $68,000 $0 0.00%
    Refi 19 $3,135,000 $165,000 $0 0.00%
    Home Purchase 14 $3,480,000 $248,571 $0 0.00%
    Other 2 $240,000 $120,000 $0 0.00%

    For 2018, Cascade Federal Credit Union's most frequently cited loan purpose was Cash Out Refi, with 29 originations. The 2nd most popular reason was Home Improvement, with 20 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 84 $13,410,000 $159,643 $0 0.00%

    For 2018, Cascade Federal Credit Union's most frequently cited loan duration was Other, with 84 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 40 $2,120,000 $53,000 $0 0.00%
    $100k-200k 20 $3,180,000 $159,000 $0 0.00%
    $200k-400k 18 $5,070,000 $281,667 $0 0.00%
    $400k-600k 4 $1,730,000 $432,500 $0 0.00%
    $600k-1MM 2 $1,310,000 $655,000 $0 0.00%

    2018 saw Cascade Federal Credit Union place emphasis on $100,000 or less loans with 40 originations, totaling $2,120,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 26 $3,820,000 $146,923 $0 0.00%
    $100k-150k 18 $2,490,000 $138,333 $0 0.00%
    $75k-100k 15 $2,025,000 $135,000 $0 0.00%
    $150k-250k 12 $3,400,000 $283,333 $0 0.00%
    $50k or less 12 $970,000 $80,833 $0 0.00%
    $250k+ 1 $705,000 $705,000 $0 0.00%

    Cascade Federal Credit Union lent most frequently to those with incomes in the $50k-75k range, with 26 originations. The second most popular income band? $100k-150k, with 18 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 84 $13,410,000 $159,643 $0 0.00%

    Cascade Federal Credit Union lent most frequently to those with DTI ratios of Exempt%, with 84 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 41 $6,725,000 $164,024 $0 0.00%
    Not provided 37 $4,945,000 $133,649 $0 0.00%
    Asian 4 $1,320,000 $330,000 $0 0.00%
    Black 1 $235,000 $235,000 $0 0.00%
    American Indian 1 $185,000 $185,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    93.40%

    Cascade Federal Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    84.52%

    Cascade Federal Credit Union has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 84 $13,410,000 $159,643

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 1 $85,000 $85,000
    Single Family (1-4 Units):Site-Built 83 $13,325,000 $160,542