Castparts Employees Mortgage Rates, Fees & Info
Portland, ORLEI: 549300V1IRRYSYRSPU54
Tax ID: 93-0509316
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Mortgage Data
Review & Overview
Castparts Employees is a smaller mortgage company specializing in Cash Out Refi and Home Purchase loans. Castparts Employees has a high proportion of conventional loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Portland, Albany, Longview, Salem, and Bend among others. We have data for 6 markets. (Some data included below & more in-depth data is available with an active subscription.)Castparts Employees 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. Castparts Employees is typically a low 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 about average 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.50% | 5/4/24 |
| 30 Year Cash-out Refi | 6.70% | 5/4/24 |
| 15 Year Conventional Purchase | 4.80% | 5/4/24 |
| 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. | ||
Castparts Employees Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
80Origination Dollar Volume (All Markets)
$15,540,000Awards
CASTPARTS EMPLOYEES - 2019
CASTPARTS EMPLOYEES is a 2019 , due to their low .
For 2019, less than of lenders were eligible for this award.
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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 |
|---|---|---|---|---|---|
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 74 | $14,680,000 | $198,378 | $2,826 | 4.71% |
| ALBANY-LEBANON, OR (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $5,766 | 3.88% |
| LONGVIEW, WA (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $2,888 | 4.88% |
| SALEM, OR (FHA|USDA|VA) | 2 | $160,000 | $80,000 | $2,082 | 6.43% |
| Outside of Metro Areas | 1 | $105,000 | $105,000 | $2,858 | 4.75% |
| BEND, OR (FHA|USDA|VA) | 1 | $15,000 | $15,000 | $272 | 4.99% |
Similar Lenders
We use machine learning to identify the top lenders compared against CASTPARTS EMPLOYEES based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
Similarity Rank: 414
Similarity Rank: 549
Similarity Rank: 851
Similarity Rank: 918
Similarity Rank: 948
Similarity Rank: 1170
Similarity Rank: 1220
Similarity Rank: 1240
Similarity Rank: 1464
Similarity Rank: 1518
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 79 | $15,245,000 | $192,975 | $2,757 | 4.76% |
| USDA | 1 | $295,000 | $295,000 | $7,259 | 3.75% |
For 2019, Castparts Employees's most frequently originated type of loan was Conventional, with 79 originations. Their 2nd most popular type was USDA, with 1 originations.
Loan Reason
For 2019, Castparts Employees's most frequently cited loan purpose was Cash Out Refi, with 25 originations. The 2nd most popular reason was Home Purchase, with 21 originations.
Loan Duration/Length
For 2019, Castparts Employees's most frequently cited loan duration was 30 Year, with 49 originations. The 2nd most popular length was 10 Year, with 14 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 42 | $5,780,000 | $137,619 |
| $1k-2k | 35 | $9,095,000 | $259,857 |
| $2k-3k | 2 | $630,000 | $315,000 |
Castparts Employees's average total fees were $3,853, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 42 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 4-5% | 41 | $7,525,000 | $183,537 |
| 3-4% | 25 | $6,215,000 | $248,600 |
| 5-6% | 9 | $1,565,000 | $173,889 |
| 7-8% | 2 | $80,000 | $40,000 |
| Over 8% | 2 | $120,000 | $60,000 |
During 2019, Castparts Employees's average interest rate for loans was 4.34%, while their most frequently originated rate bucket for loans was 4-5%, with 41 originations.
Loan Sizing
2019 saw Castparts Employees place emphasis on $200k-400k loans with 42 originations, totaling $12,040,000 in origination value.
Applicant Income
Castparts Employees lent most frequently to those with incomes in the $50k-75k range, with 28 originations. The second most popular income band? $75k-100k, with 21 originations.
Applicant Debt to Income Ratio
Castparts Employees lent most frequently to those with DTI ratios of 30-36%, with 14 originations. The next most common DTI ratio? 20-30%, with 9 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications93.40%
Castparts Employees has an average approval rate.
Pick Rate
Approvals leading to origination87.50%
Castparts Employees has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 80 | $15,540,000 | $194,250 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 5 | $205,000 | $41,000 |
| Single Family (1-4 Units):Site-Built | 75 | $15,335,000 | $204,467 |