Fibre Federal Credit Union Mortgage Rates, Fees & Info

Longview, WA

LEI: 549300TDBTRK89DZRC13

Tax ID: 91-0564732

5 stars - Updated: 4/14/24 - out of 5 stars, based on 30 reviews

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

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Mortgage Data

Review & Overview

Fibre Federal Credit Union is a smaller credit union specializing in Home Improvement, Other, and Home Purchase loans. Fibre Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Longview, Portland, Astoria, Newport, and Centralia among others. We have data for 21 markets. (Some data included below & more in-depth data is available with an active subscription.)

Fibre Federal Credit Union has an average approval rate when compared to the average across all lenders. They have an average pick rate when compared to similar lenders. Fibre 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 relatively high 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
Home Equity Line of Credit (HELOC) 6.27% 4/14/24
30 Year Conventional Purchase 6.23% 4/14/24
30 Year Conventional Refi 5.90% 4/14/24
30 Year Cash-out Refi 6.06% 4/14/24
30 Year FHA Purchase 7.45% 4/14/24
30 Year VA Purchase 5.80% 4/14/24
15 Year Conventional Purchase 5.46% 4/14/24
15 Year Conventional Refi 5.65% 4/14/24
15 Year Cash-out Refi 5.65% 4/14/24
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.

Fibre Federal Credit Union Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from Fibre 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

928

Origination Dollar Volume (All Markets)

$103,790,000

Awards

FIBRE FEDERAL CREDIT UNION 30 Year Conventional Loans gold FIBRE FEDERAL CREDIT UNION 30 Year Conventional Loans silver FIBRE FEDERAL CREDIT UNION 30 Year Conventional Loans silver FIBRE FEDERAL CREDIT UNION 30 Year Conventional Loans bronze
Show all (4) awards

Relative Rate

Fibre Federal Credit Union's average 30 year fixed mortgage rate was 6.31%.

The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

This yields a difference of -0.17%.

Relative Fees (Closing Costs)

Fibre Federal Credit Union's average total fees/closing costs for a 30 year fixed rate mortgage were $6,140.

The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $9,089.

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
LONGVIEW, WA (FHA|USDA|VA) 508 $53,410,000 $105,138 $5,352 7.15%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 125 $15,675,000 $125,400 $6,739 7.27%
Astoria, OR (FHA|USDA|VA) 80 $11,160,000 $139,500 $7,630 7.22%
Outside of Metro Areas 97 $10,515,000 $108,402 $6,112 7.01%
Newport, OR (FHA|USDA|VA) 54 $5,020,000 $92,963 $4,845 6.97%
Centralia, WA (FHA|USDA|VA) 38 $4,580,000 $120,526 $4,873 7.01%
YAKIMA, WA (FHA|USDA|VA) 3 $635,000 $211,667 $5,043 6.11%
Moses Lake, WA (FHA|USDA|VA) 2 $590,000 $295,000 $7,760 7.00%
ALBANY-LEBANON, OR (FHA|USDA|VA) 2 $420,000 $210,000 $8,097 6.19%
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 3 $365,000 $121,667 $0 7.17%
Oak Harbor, WA (FHA|USDA|VA) 2 $300,000 $150,000 $5,010 6.13%
SALEM, OR (FHA|USDA|VA) 2 $290,000 $145,000 $5,050 6.81%
EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) 3 $195,000 $65,000 $0 7.75%
Aberdeen, WA (FHA|USDA|VA) 1 $195,000 $195,000 $7,131 6.50%
Shelton, WA (FHA|USDA|VA) 1 $155,000 $155,000 $0 6.00%
BEND, OR (FHA|USDA|VA) 1 $75,000 $75,000 $0 7.50%
Hermiston-Pendleton, OR (FHA|USDA|VA) 1 $55,000 $55,000 $0 9.00%
OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) 2 $50,000 $25,000 $0 6.94%
KENNEWICK-RICHLAND, WA (FHA|USDA|VA) 1 $45,000 $45,000 $0 7.00%
Prineville, OR (FHA|USDA|VA) 1 $45,000 $45,000 $0 8.50%
Hood River, OR (FHA|USDA|VA) 1 $15,000 $15,000 $0 6.88%
Fibre Federal Credit Union's top markets include Longview, Portland, Astoria, Newport, and Centralia among others.

Their top states include:
  • Washington (FHA|USDA|VA)
  • Oregon (FHA|USDA|VA)
  • Similar Lenders

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

    INROADS
    Similarity Rank: 238
    Clackamas Federal Credit Union
    Similarity Rank: 776
    COLUMBIA COMMUNITY CREDIT UNION
    Similarity Rank: 988
    ADVANTIS
    Similarity Rank: 1288
    FIBRE FEDERAL CREDIT UNION
    Similarity Rank: 1386
    Oregon State Credit Union
    Similarity Rank: 1890
    Rivermark Community Credit Union
    Similarity Rank: 1914

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    HELOC 772 $64,160,000 $83,109 n/a 7.29%
    Conventional 155 $39,195,000 $252,871 $5,747 6.36%
    VA 1 $435,000 $435,000 $0 5.99%

    For 2023, Fibre Federal Credit Union's most frequently originated type of loan was HELOC, with 772 originations. Their 2nd most popular type was Conventional, with 155 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 386 $31,920,000 $82,694 $4,424 7.19%
    Other 322 $25,680,000 $79,752 $3,527 7.34%
    Home Purchase 111 $30,825,000 $277,703 $6,562 6.57%
    Refi 62 $8,140,000 $131,290 $4,306 7.03%
    Cash Out Refi 47 $7,225,000 $153,723 $4,422 6.72%

    For 2023, Fibre Federal Credit Union's most frequently cited loan purpose was Home Improvement, with 386 originations. The 2nd most popular reason was Other, with 322 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    20 Year 528 $52,510,000 $99,451 $5,533 7.46%
    10 Year 143 $8,335,000 $58,287 $2,163 6.88%
    15 Year 130 $14,990,000 $115,308 $3,622 6.87%
    30 Year 88 $26,090,000 $296,477 $6,140 6.31%
    5 Year 36 $1,530,000 $42,500 $0 6.22%
    Other 2 $220,000 $110,000 $0 7.25%
    1 Year 1 $115,000 $115,000 $0 11.35%

    For 2023, Fibre Federal Credit Union's most frequently cited loan duration was 20 Year, with 528 originations. The 2nd most popular length was 10 Year, with 143 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $3k-4k 33 $9,155,000 $277,424
    $1k-2k 27 $2,945,000 $109,074
    $2k-3k 24 $4,520,000 $188,333
    $5k+ 22 $9,620,000 $437,273
    $4k-5k 18 $6,310,000 $350,556
    $<1k 4 $740,000 $185,000

    Fibre Federal Credit Union's average total fees were $6,140, while their most frequently occuring range of origination fees (closing costs) were in the $3k-4k bucket, with 33 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 367 $42,505,000 $115,817
    7-8% 299 $27,985,000 $93,595
    Over 8% 140 $12,320,000 $88,000
    5-6% 118 $20,540,000 $174,068
    4-5% 4 $440,000 $110,000

    During 2023, Fibre Federal Credit Union's average interest rate for loans was 6.31%, while their most frequently originated rate bucket for loans was 6-7%, with 367 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 574 $31,170,000 $54,303 $2,524 7.24%
    $100k-200k 215 $27,625,000 $128,488 $4,181 7.15%
    $200k-400k 118 $32,210,000 $272,966 $6,305 6.73%
    $400k-600k 16 $7,780,000 $486,250 $8,144 6.38%
    $600k-1MM 4 $2,550,000 $637,500 $11,087 5.94%
    $1MM+ 1 $2,455,000 $2,455,000 $0 6.90%

    2023 saw Fibre Federal Credit Union place emphasis on $100,000 or less loans with 574 originations, totaling $31,170,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 285 $32,125,000 $112,719 $6,072 7.22%
    $75k-100k 182 $18,520,000 $101,758 $5,588 7.12%
    $150k-250k 172 $22,610,000 $131,453 $8,196 7.19%
    $50k-75k 158 $12,860,000 $81,392 $4,860 6.96%
    $50k or less 69 $4,105,000 $59,493 $2,854 6.95%
    $250k+ 32 $7,280,000 $227,500 $7,666 7.22%

    Fibre Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 285 originations. The second most popular income band? $75k-100k, with 182 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 205 $21,375,000 $104,268 $5,616 7.16%
    20-30% 176 $18,990,000 $107,898 $4,990 6.94%
    <20% 58 $5,520,000 $95,172 $5,032 7.05%
    43% 48 $4,920,000 $102,500 $6,654 7.52%
    41% 46 $6,530,000 $141,957 $5,727 7.12%
    42% 45 $5,315,000 $118,111 $6,562 7.09%
    37% 44 $4,610,000 $104,773 $8,250 7.37%
    40% 40 $3,970,000 $99,250 $3,230 7.17%
    38% 38 $4,520,000 $118,947 $8,385 7.01%
    36% 38 $3,390,000 $89,211 $5,573 7.33%
    44% 38 $4,190,000 $110,263 $9,078 7.23%
    45% 32 $3,260,000 $101,875 $4,937 7.25%
    46% 25 $2,465,000 $98,600 $7,134 7.35%
    39% 23 $2,565,000 $111,522 $5,522 7.45%
    50-60% 17 $1,625,000 $95,588 $0 7.13%
    47% 13 $2,045,000 $157,308 $6,244 6.62%
    49% 13 $1,765,000 $135,769 $5,587 7.08%
    48% 10 $850,000 $85,000 $4,491 7.20%
    >60% 1 $105,000 $105,000 $0 7.50%

    Fibre Federal Credit Union lent most frequently to those with DTI ratios of 30-36%, with 205 originations. The next most common DTI ratio? 20-30%, with 176 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 811 $88,595,000 $109,242 $5,641 7.14%
    Not provided 84 $8,250,000 $98,214 $6,333 6.99%
    Not applicable 9 $4,385,000 $487,222 $0 6.87%
    American Indian 13 $1,225,000 $94,231 $0 7.99%
    Asian 7 $805,000 $115,000 $6,721 6.84%
    Korean 1 $375,000 $375,000 $7,553 6.38%
    Native Hawaiian 1 $65,000 $65,000 $0 7.50%
    Native Hawaiian or Islander 1 $55,000 $55,000 $0 8.50%
    Other Asian 1 $35,000 $35,000 $0 6.50%

    Approval Rates

    Total approvals of all applications
    76.59%

    Fibre Federal Credit Union has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    91.27%

    Fibre Federal Credit Union has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    1065.0 1 $105,000 $105,000
    1138.57 1 $25,000 $25,000
    1489.7 1 $55,000 $55,000
    1592.4 1 $115,000 $115,000
    315.0 1 $35,000 $35,000
    365.0 2 $70,000 $35,000
    410.0 1 $45,000 $45,000
    641.0 1 $65,000 $65,000
    772.0 1 $75,000 $75,000
    860.0 1 $85,000 $85,000
    NA 917 $103,115,000 $112,448

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    928 $103,790,000 $111,843

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 228 $27,490,000 $120,570 $3,618 7.24%
    40-60% 58 $15,650,000 $269,828 $5,363 6.90%
    60-80% 60 $16,730,000 $278,833 $6,469 6.55%
    80-100% 31 $11,125,000 $358,871 $7,777 6.28%
    Over 100% 1 $435,000 $435,000 $0 5.99%
    Under 20% 548 $32,110,000 $58,595 $1,836 7.24%