Castparts Employees Mortgage Rates, Fees & Info
Portland, ORLEI: 549300V1IRRYSYRSPU54
Tax ID: 93-0509316
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Castparts Employees is a smaller mortgage company specializing in Other and Home Purchase loans. Castparts Employees has a high proportion of conventional loans. Their top two markets are Portland and Bend .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 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 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
38Origination Dollar Volume (All Markets)
$3,980,000Top 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) | 37 | $3,935,000 | $106,351 | $1,112 | 5.17% |
| BEND, OR (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $270 | 3.49% |
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: 10
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 38 | $3,980,000 | $104,737 | $1,087 | 5.13% |
For 2022, Castparts Employees's most frequently originated type of loan was Conventional, with 38 originations.
Loan Reason
For 2022, Castparts Employees's most frequently cited loan purpose was Other, with 16 originations. The 2nd most popular reason was Home Improvement, with 12 originations.
Loan Duration/Length
For 2022, Castparts Employees's most frequently cited loan duration was 10 Year, with 14 originations. The 2nd most popular length was 20 Year, with 13 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 29 | $2,055,000 | $70,862 |
| $1k-2k | 2 | $660,000 | $330,000 |
| $3k-4k | 1 | $435,000 | $435,000 |
| $5k+ | 1 | $445,000 | $445,000 |
Castparts Employees's average total fees were $5,976, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 29 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 19 | $1,925,000 | $101,316 |
| 5-6% | 13 | $1,035,000 | $79,615 |
| Over 8% | 4 | $220,000 | $55,000 |
| 4-5% | 2 | $800,000 | $400,000 |
During 2022, Castparts Employees's average interest rate for loans was 4.44%, while their most frequently originated rate bucket for loans was 3-4%, with 19 originations.
Loan Sizing
2022 saw Castparts Employees place emphasis on $100,000 or less loans with 29 originations, totaling $1,565,000 in origination value.
Applicant Income
Castparts Employees lent most frequently to those with incomes in the $75k-100k range, with 13 originations. The second most popular income band? $50k-75k, with 11 originations.
Applicant Debt to Income Ratio
Castparts Employees lent most frequently to those with DTI ratios of 20-30%, with 7 originations. The next most common DTI ratio? 44%, with 6 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications86.44%
Castparts Employees has an average approval rate.
Pick Rate
Approvals leading to origination68.42%
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 | 38 | $3,980,000 | $104,737 |