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 loans. Cascade Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Seattle, Portland, Aberdeen, Centralia, and Prineville 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 an above average pick rate when compared to similar lenders.
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Originations
26Origination Dollar Volume (All Markets)
$3,000,000Top 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 |
|---|---|---|---|---|---|
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 12 | $1,690,000 | $140,833 | $0 | 0.00% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 9 | $875,000 | $97,222 | $0 | 0.00% |
| Outside of Metro Areas | 2 | $270,000 | $135,000 | $0 | 0.00% |
| Aberdeen, WA (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 0.00% |
| Centralia, WA (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 0.00% |
| Prineville, OR (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 26 | $3,000,000 | $115,385 | $0 | 0.00% |
For 2021, Cascade Federal Credit Union's most frequently originated type of loan was Conventional, with 26 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Refi | 22 | $2,610,000 | $118,636 | $0 | 0.00% |
| Cash Out Refi | 4 | $390,000 | $97,500 | $0 | 0.00% |
For 2021, Cascade Federal Credit Union's most frequently cited loan purpose was Refi, with 22 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 | 26 | $3,000,000 | $115,385 | $0 | 0.00% |
For 2021, Cascade Federal Credit Union's most frequently cited loan duration was Other, with 26 originations.
Loan Sizing
2021 saw Cascade Federal Credit Union place emphasis on $100,000 or less loans with 12 originations, totaling $760,000 in origination value.
Applicant Income
Cascade Federal Credit Union lent most frequently to those with incomes in the $50k-75k range, with 8 originations. The second most popular income band? $100k-150k, with 6 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 26 | $3,000,000 | $115,385 | $0 | 0.00% |
Cascade Federal Credit Union lent most frequently to those with DTI ratios of Exempt%, with 26 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 22 | $2,660,000 | $120,909 | $0 | 0.00% |
| Not provided | 4 | $340,000 | $85,000 | $0 | 0.00% |
Approval Rates
Total approvals of all applications100.00%
Cascade Federal Credit Union has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination92.31%
Cascade Federal Credit Union has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 26 | $3,000,000 | $115,385 |