Castparts Employees Mortgage Rates, Fees & Info

Portland, OR

LEI: 549300V1IRRYSYRSPU54

Tax ID: 93-0509316

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

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Castparts Employees is a smaller mortgage company specializing in Refi and Cash Out Refi loans. Castparts Employees has a high proportion of conventional loans. Their top markets by origination volume include: Portland, Salem, and Bend among others. We have data for 3 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Castparts Employees has an 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.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.50% 12/16/24
    30 Year Cash-out Refi 6.70% 12/16/24
    15 Year Conventional Purchase 4.80% 12/16/24
    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






    Your Estimates

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

    This is not an official calculator from Castparts Employees. 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

    44

    Origination Dollar Volume (All Markets)

    $10,160,000

    Awards

    CASTPARTS EMPLOYEES 30 Year Conventional Loans silver
    Show all (1) awards

    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) 41 $9,385,000 $228,902 $3,117 3.28%
    SALEM, OR (FHA|USDA|VA) 2 $620,000 $310,000 $4,534 3.13%
    BEND, OR (FHA|USDA|VA) 1 $155,000 $155,000 $260 7.99%
    Castparts Employees's top markets include Portland, Salem, and Bend among others.

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

    • 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.

    People's Community Federal Credit Union
    Similarity Rank: 86
    CASTPARTS EMPLOYEES
    Similarity Rank: 660
    Yakima Federal Savings and Loan Association
    Similarity Rank: 1065
    Bank of the Pacific
    Similarity Rank: 1218
    Pacific NW Federal Credit Union
    Similarity Rank: 1406
    SELCO COMMUNITY
    Similarity Rank: 1725
    Wauna Federal Credit Union
    Similarity Rank: 1908
    OREGONIANS CREDIT UNION
    Similarity Rank: 2144
    TWINSTAR
    Similarity Rank: 2356
    LENDERFI, INC.
    Similarity Rank: 2584

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 43 $9,775,000 $227,326 $2,984 3.40%
    VA 1 $385,000 $385,000 $8,674 2.75%

    For 2021, Castparts Employees's most frequently originated type of loan was Conventional, with 43 originations. Their 2nd most popular type was VA, with 1 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 21 $4,995,000 $237,857 $3,483 2.88%
    Cash Out Refi 10 $2,700,000 $270,000 $3,796 3.23%
    Home Improvement 5 $515,000 $103,000 $1,285 4.95%
    Home Purchase 4 $1,630,000 $407,500 $4,507 3.06%
    Other 4 $320,000 $80,000 $562 4.81%

    For 2021, Castparts Employees's most frequently cited loan purpose was Refi, with 21 originations. The 2nd most popular reason was Cash Out Refi, with 10 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 27 $8,235,000 $305,000 $3,825 3.18%
    15 Year 6 $780,000 $130,000 $3,188 2.31%
    10 Year 5 $565,000 $113,000 $1,087 4.60%
    20 Year 5 $515,000 $103,000 $1,819 4.55%
    5 Year 1 $65,000 $65,000 $270 3.49%

    For 2021, Castparts Employees's most frequently cited loan duration was 30 Year, with 27 originations. The 2nd most popular length was 15 Year, with 6 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 29 $7,615,000 $262,586
    $<1k 11 $1,385,000 $125,909
    $2k-3k 1 $175,000 $175,000
    $3k-4k 1 $395,000 $395,000
    $5k+ 1 $435,000 $435,000

    Castparts Employees's average total fees were $3,825, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 29 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 22 $5,580,000 $253,636
    2.5-3% 13 $3,555,000 $273,462
    <2.5% 5 $675,000 $135,000
    4-5% 2 $120,000 $60,000
    7-8% 2 $230,000 $115,000

    During 2021, Castparts Employees's average interest rate for loans was 3.18%, while their most frequently originated rate bucket for loans was 3-4%, with 22 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 21 $5,915,000 $281,667 $3,537 3.16%
    $100,000 or less 9 $525,000 $58,333 $1,405 3.86%
    $100k-200k 9 $1,305,000 $145,000 $2,647 3.48%
    $400k-600k 5 $2,415,000 $483,000 $5,184 3.28%

    2021 saw Castparts Employees place emphasis on $200k-400k loans with 21 originations, totaling $5,915,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 15 $3,415,000 $227,667 $2,843 3.62%
    $50k or less 10 $1,020,000 $102,000 $2,531 3.10%
    $100k-150k 8 $1,660,000 $207,500 $2,727 3.41%
    $75k-100k 7 $2,085,000 $297,857 $4,194 3.25%
    $150k-250k 4 $1,980,000 $495,000 $4,434 3.38%

    Castparts Employees lent most frequently to those with incomes in the $50k-75k range, with 15 originations. The second most popular income band? $50k or less, with 10 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    <20% 36 $9,630,000 $267,500 $3,698 3.01%
    50-60% 6 $460,000 $76,667 $479 5.50%
    20-30% 1 $55,000 $55,000 $1,447 3.75%
    42% 1 $15,000 $15,000 $260 3.75%

    Castparts Employees lent most frequently to those with DTI ratios of <20%, with 36 originations. The next most common DTI ratio? 50-60%, with 6 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 36 $8,240,000 $228,889 $3,135 3.43%
    Not provided 5 $1,085,000 $217,000 $2,595 3.32%
    Asian 2 $680,000 $340,000 $4,091 3.13%
    Korean 1 $155,000 $155,000 $0 2.63%

    Approval Rates

    Total approvals of all applications
    77.27%

    Castparts Employees has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    45.45%

    Castparts Employees has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 44 $10,160,000 $230,909

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    44 $10,160,000 $230,909

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 8 $980,000 $122,500 $2,510 3.56%
    40-60% 9 $1,855,000 $206,111 $3,423 2.85%
    60-80% 11 $3,835,000 $348,636 $4,155 3.27%
    80-100% 8 $2,760,000 $345,000 $3,190 3.25%
    Over 100% 1 $385,000 $385,000 $8,674 2.75%
    Under 20% 7 $345,000 $49,286 $950 4.28%