Fibre Federal Credit Union Mortgage Rates, Fees & Info
Longview, WALEI: 549300TDBTRK89DZRC13
Tax ID: 91-0564732
2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Overview
Fibre Federal Credit Union is a smaller credit union specializing in Cash Out Refi and Home Purchase loans. Fibre Federal Credit Union has a high proportion of conventional loans. Their top markets include Longview, Portland, Astoria, Newport, and Centralia among others. Fibre Federal Credit Union has an average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. Fibre Federal Credit Union is typically an average fee lendor.Originations
791Origination Dollar Volume (All Markets)
$182,945,000Awards
FIBRE FEDERAL CREDIT UNION - 2021
FIBRE FEDERAL CREDIT UNION is a 2021 , due to their low .
For 2021, less than of lenders were eligible for this award.
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Relative Rate
Fibre Federal Credit Union's average 30 year fixed rate mortgage of loans were
2.89%.
The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.
This yields a difference of -0.26%.
Relative Fees
Fibre Federal Credit Union's average total fees for a 30 year fixed rate
mortgage are $5,491.
The average total origination fees for 30 year fixed rate mortgages (for all loan values, including
both points & up-front fees in addition to origination fees) are $4,750.
Top Markets
| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| LONGVIEW, WA (FHA|USDA|VA) | 472 | $105,560,000 | $223,644 | $4,212 | 2.82% |
| Outside of Metro Areas | 97 | $23,245,000 | $239,639 | $4,845 | 2.66% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 84 | $21,770,000 | $259,167 | $5,493 | 2.93% |
| Astoria, OR (FHA|USDA|VA) | 40 | $10,040,000 | $251,000 | $5,656 | 2.83% |
| Newport, OR (FHA|USDA|VA) | 48 | $9,370,000 | $195,208 | $5,079 | 2.86% |
| Centralia, WA (FHA|USDA|VA) | 24 | $6,150,000 | $256,250 | $4,740 | 2.69% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 7 | $2,005,000 | $286,429 | $5,123 | 2.72% |
| SALEM, OR (FHA|USDA|VA) | 4 | $920,000 | $230,000 | $5,094 | 2.59% |
| BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) | 2 | $810,000 | $405,000 | $7,253 | 2.81% |
| Aberdeen, WA (FHA|USDA|VA) | 2 | $670,000 | $335,000 | $6,079 | 2.78% |
| EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $9,102 | 2.75% |
| OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) | 2 | $460,000 | $230,000 | $4,554 | 2.53% |
| ALBANY-LEBANON, OR (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $7,668 | 3.05% |
| SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $4,523 | 2.75% |
| Shelton, WA (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $3,679 | 2.25% |
| BEND, OR (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $4,993 | 2.13% |
| La Grande, OR (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $4,175 | 2.00% |
| YAKIMA, WA (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $3,793 | 2.63% |
| Port Angeles, WA (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $2,544 | 2.50% |
| Hood River, OR (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $2,290 | 2.75% |
Fibre Federal Credit Union's top markets include Longview, Portland, Astoria, Newport, and Centralia among others.
Product Mix
| Loan Type | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Conventional | 791 | $182,945,000 | $231,283 | $4,611 | 2.81% |
For the 2021 period, Fibre Federal Credit Union's most frequently originated loan type of loans were Conventional, with 791 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Cash Out Refi | 411 | $93,385,000 | $227,214 | $4,522 | 2.72% |
| Refi | 170 | $34,930,000 | $205,471 | $4,011 | 2.67% |
| Home Purchase | 149 | $43,985,000 | $295,201 | $5,939 | 3.19% |
| Other | 34 | $6,040,000 | $177,647 | $4,100 | 2.52% |
| Home Improvement | 27 | $4,605,000 | $170,556 | $3,874 | 3.14% |
For the 2021, Fibre Federal Credit Union's most frequently cited loan purpose of loans were Cash Out Refi, with 411 originations. The 2nd most popular reason of loans were Refi, with 170 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 30 Year | 345 | $93,305,000 | $270,449 | $5,491 | 2.89% |
| 20 Year | 196 | $39,250,000 | $200,255 | $4,175 | 2.68% |
| 15 Year | 191 | $44,945,000 | $235,314 | $3,734 | 2.60% |
| 10 Year | 57 | $5,425,000 | $95,175 | $2,666 | 3.27% |
| 5 Year | 2 | $20,000 | $10,000 | $0 | 6.49% |
For the 2021, Fibre Federal Credit Union's most frequently cited loan length of loans were 30 Year, with 345 originations. The 2nd most popular length of loans were 20 Year, with 196 originations.
Origination Fees
| Origination Fee | Originations | Total Value | Average Loan |
|---|---|---|---|
| $2k-3k | 277 | $54,205,000 | $195,686 |
| $3k-4k | 225 | $68,845,000 | $305,978 |
| $1k-2k | 181 | $18,855,000 | $104,171 |
| $5k+ | 47 | $22,795,000 | $485,000 |
| $<1k | 7 | $375,000 | $53,571 |
$5,491 of loans were Fibre Federal Credit Union's average total fees, while their most frequently occuring range of origination fees were in the $2k-3k bucket, with 277 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 2.5-3% | 370 | $92,210,000 | $249,216 |
| <2.5% | 281 | $48,465,000 | $172,473 |
| 3-4% | 113 | $39,705,000 | $351,372 |
| 6-7% | 18 | $1,150,000 | $63,889 |
| 4-5% | 8 | $1,350,000 | $168,750 |
| 7-8% | 1 | $65,000 | $65,000 |
During 2021, Fibre Federal Credit Union's average interest rate of loans were 2.89%, while their most frequently originated rate bucket of loans were 2.5-3%, with 370 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $200k-400k | 353 | $95,685,000 | $271,062 | $5,362 | 2.80% |
| $100k-200k | 269 | $40,875,000 | $151,952 | $3,534 | 2.64% |
| $100,000 or less | 104 | $7,410,000 | $71,250 | $2,373 | 3.12% |
| $400k-600k | 53 | $24,865,000 | $469,151 | $7,900 | 2.91% |
| $600k-1MM | 7 | $5,165,000 | $737,857 | $14,533 | 3.13% |
| $1MM+ | 5 | $8,945,000 | $1,789,000 | $0 | 3.90% |
2021 saw Fibre Federal Credit Union place emphasis on $200k-400k loans with 353 originations, totaling $95,685,000 in origination value.
Applicant Income
| Applicant Income | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $50k-75k | 208 | $37,860,000 | $182,019 | $4,151 | 2.80% |
| $75k-100k | 177 | $40,995,000 | $231,610 | $4,731 | 2.73% |
| $100k-150k | 161 | $43,765,000 | $271,832 | $5,125 | 2.74% |
| $50k or less | 140 | $18,580,000 | $132,714 | $3,299 | 2.77% |
| $150k-250k | 66 | $22,320,000 | $338,182 | $6,783 | 2.81% |
| $250k+ | 11 | $4,755,000 | $432,273 | $7,556 | 2.80% |
Fibre Federal Credit Union lent most frequently to those with incomes in the $50k-75k range, with 208 originations. The second most popular income band? $75k-100k, with 177 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-30% | 233 | $49,705,000 | $213,326 | $4,441 | 2.67% |
| 30-36% | 159 | $35,685,000 | $224,434 | $4,665 | 2.67% |
| <20% | 104 | $18,680,000 | $179,615 | $3,936 | 2.57% |
| 38% | 30 | $6,990,000 | $233,000 | $4,939 | 2.77% |
| 37% | 25 | $7,025,000 | $281,000 | $5,562 | 2.71% |
| 39% | 24 | $5,540,000 | $230,833 | $4,759 | 2.75% |
| 36% | 24 | $5,390,000 | $224,583 | $5,271 | 2.96% |
| 43% | 22 | $5,340,000 | $242,727 | $4,821 | 2.96% |
| 40% | 20 | $4,050,000 | $202,500 | $4,432 | 3.02% |
| 44% | 20 | $4,880,000 | $244,000 | $5,005 | 2.87% |
| 42% | 19 | $5,055,000 | $266,053 | $5,730 | 3.20% |
| 41% | 15 | $3,875,000 | $258,333 | $4,840 | 2.83% |
| 47% | 12 | $2,420,000 | $201,667 | $5,055 | 3.70% |
| 45% | 11 | $1,795,000 | $163,182 | $3,452 | 2.53% |
| 48% | 8 | $1,500,000 | $187,500 | $4,033 | 3.17% |
| 46% | 8 | $3,170,000 | $396,250 | $7,037 | 2.88% |
| 49% | 7 | $1,585,000 | $226,429 | $5,958 | 3.91% |
| 50-60% | 5 | $1,285,000 | $257,000 | $5,096 | 3.30% |
| >60% | 5 | $1,415,000 | $283,000 | $5,385 | 2.35% |
Fibre Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 233 originations. The next most common DTI ratio? 30-36%, with 159 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 674 | $148,360,000 | $220,119 | $4,616 | 2.76% |
| Not applicable | 26 | $14,140,000 | $543,846 | $0 | 3.93% |
| Not provided | 60 | $13,840,000 | $230,667 | $4,708 | 2.91% |
| Asian | 13 | $2,955,000 | $227,308 | $4,686 | 2.73% |
| American Indian | 14 | $2,940,000 | $210,000 | $4,224 | 2.61% |
| Native Hawaiian | 3 | $515,000 | $171,667 | $3,464 | 2.42% |
| Black | 1 | $195,000 | $195,000 | $4,072 | 3.25% |
Approval Rates
Total approvals of all applications88.81%
Fibre Federal Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination73.43%
Fibre Federal Credit Union has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| 0.0 | 2 | $130,000 | $65,000 |
| 1045.0 | 1 | $65,000 | $65,000 |
| 120.96 | 1 | $5,000 | $5,000 |
| 1222.5 | 1 | $65,000 | $65,000 |
| 1225.0 | 1 | $55,000 | $55,000 |
| 1357.7 | 1 | $55,000 | $55,000 |
| 1391.0 | 1 | $95,000 | $95,000 |
| 1457.0 | 1 | $105,000 | $105,000 |
| 299.5 | 1 | $25,000 | $25,000 |
| 345.5 | 1 | $35,000 | $35,000 |
| 383.52 | 1 | $35,000 | $35,000 |
| 711.39 | 1 | $35,000 | $35,000 |
| 828.83 | 1 | $15,000 | $15,000 |
| 861.48 | 1 | $35,000 | $35,000 |
| 935.5 | 1 | $55,000 | $55,000 |
| 960.0 | 1 | $95,000 | $95,000 |
| NA | 774 | $182,040,000 | $235,194 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| 791 | $182,945,000 | $231,283 |
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-40% | 112 | $13,580,000 | $121,250 | $2,957 | 2.57% |
| 40-60% | 264 | $50,480,000 | $191,212 | $4,066 | 2.68% |
| 60-80% | 312 | $91,010,000 | $291,699 | $5,210 | 2.98% |
| 80-100% | 83 | $26,265,000 | $316,446 | $6,703 | 2.90% |
| Under 20% | 17 | $1,015,000 | $59,706 | $2,358 | 2.77% |
