Fibre Federal Credit Union Mortgage Rates, Fees & Info

Longview, WA

LEI: 549300TDBTRK89DZRC13

Tax ID: 91-0564732

5 stars - out of 5 stars, based on 28 reviews

2021 Data | 2020 Data | 2019 Data | 2018 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

791

Origination Dollar Volume (All Markets)

$182,945,000
Show all (7) awards

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 applications
88.81%

Fibre Federal Credit Union has an average approval rate.

Pick Rate

Approvals leading to origination
73.43%

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%