Clackamas Federal Credit Union Mortgage Rates, Fees & Info

Milwaukie, OR

LEI: 549300VEJ302N3NLKA88

Tax ID: 93-0470148

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
  • Complaints
  • 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

    Clackamas Federal Credit Union is a smaller credit union specializing in Cash Out Refi loans. Clackamas Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Portland, Salem, Prineville, Wenatchee, and Shelton among others. We have data for 13 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Clackamas Federal Credit Union 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. Clackamas Federal Credit Union 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
    Home Equity Line of Credit (HELOC) 6.59% 12/3/24
    30 Year Conventional Purchase 7.06% 12/3/24
    30 Year Conventional Refi 7.10% 12/3/24
    30 Year Cash-out Refi 7.09% 12/3/24
    15 Year Conventional Purchase 5.68% 12/3/24
    15 Year Conventional Refi 6.18% 12/3/24
    15 Year Cash-out Refi 6.18% 12/3/24
    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.

    Clackamas 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 Clackamas 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

    471

    Origination Dollar Volume (All Markets)

    $85,485,000

    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) 425 $79,045,000 $185,988 $4,216 3.83%
    SALEM, OR (FHA|USDA|VA) 21 $4,025,000 $191,667 $4,933 3.72%
    Prineville, OR (FHA|USDA|VA) 6 $700,000 $116,667 $3,899 3.55%
    WENATCHEE, WA (FHA|USDA|VA) 2 $340,000 $170,000 $3,494 2.81%
    Shelton, WA (FHA|USDA|VA) 1 $325,000 $325,000 $8,226 2.88%
    BEND, OR (FHA|USDA|VA) 4 $300,000 $75,000 $0 4.79%
    Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 2 $190,000 $95,000 $0 3.59%
    Outside of Metro Areas 2 $150,000 $75,000 $0 4.84%
    LONGVIEW, WA (FHA|USDA|VA) 2 $120,000 $60,000 $0 6.49%
    OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) 1 $105,000 $105,000 $0 3.69%
    ALBANY-LEBANON, OR (FHA|USDA|VA) 2 $100,000 $50,000 $0 3.99%
    EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) 2 $60,000 $30,000 $0 3.49%
    La Grande, OR (FHA|USDA|VA) 1 $25,000 $25,000 $0 3.69%
    Clackamas Federal Credit Union's top markets include Portland, Salem, Prineville, Wenatchee, and Shelton 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 Clackamas Federal Credit Union 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
    HELOC 346 $29,780,000 $86,069 n/a 4.08%
    Conventional 125 $55,705,000 $445,640 $4,281 3.16%

    For 2021, Clackamas Federal Credit Union's most frequently originated type of loan was HELOC, with 346 originations. Their 2nd most popular type was Conventional, with 125 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 191 $14,755,000 $77,251 $0 3.94%
    Other 132 $11,680,000 $88,485 $0 4.34%
    Refi 71 $15,125,000 $213,028 $4,121 3.07%
    Cash Out Refi 46 $34,920,000 $759,130 $4,374 3.31%
    Home Purchase 31 $9,005,000 $290,484 $4,599 3.60%

    For 2021, Clackamas Federal Credit Union's most frequently cited loan purpose was Home Improvement, with 191 originations. The 2nd most popular reason was Other, with 132 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    20 Year 357 $32,265,000 $90,378 $4,382 4.04%
    30 Year 79 $22,885,000 $289,684 $4,466 3.28%
    15 Year 32 $8,100,000 $253,125 $3,716 2.88%
    Other 2 $230,000 $115,000 $0 5.49%
    10 Year 1 $22,005,000 $22,005,000 $0 4.00%

    For 2021, Clackamas Federal Credit Union's most frequently cited loan duration was 20 Year, with 357 originations. The 2nd most popular length was 30 Year, with 79 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 83 $20,795,000 $250,542
    $2k-3k 27 $7,345,000 $272,037
    $3k-4k 6 $2,340,000 $390,000
    $5k+ 2 $700,000 $350,000
    $<1k 1 $75,000 $75,000
    $4k-5k 1 $215,000 $215,000

    Clackamas Federal Credit Union's average total fees were $4,466, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 83 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 297 $63,005,000 $212,138
    4-5% 66 $7,240,000 $109,697
    2.5-3% 40 $9,280,000 $232,000
    5-6% 36 $2,500,000 $69,444
    <2.5% 15 $2,365,000 $157,667
    6-7% 8 $610,000 $76,250
    Over 8% 6 $300,000 $50,000
    7-8% 3 $185,000 $61,667

    During 2021, Clackamas Federal Credit Union's average interest rate for loans was 3.28%, while their most frequently originated rate bucket for loans was 3-4%, with 297 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 244 $13,460,000 $55,164 $3,255 4.12%
    $100k-200k 123 $16,655,000 $135,407 $3,585 3.66%
    $200k-400k 84 $23,580,000 $280,714 $4,612 3.34%
    $400k-600k 16 $7,400,000 $462,500 $5,277 3.42%
    $600k-1MM 3 $2,385,000 $795,000 $5,418 4.08%
    $1MM+ 1 $22,005,000 $22,005,000 $0 4.00%

    2021 saw Clackamas Federal Credit Union place emphasis on $100,000 or less loans with 244 originations, totaling $13,460,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 124 $18,280,000 $147,419 $4,855 3.94%
    $75k-100k 102 $12,830,000 $125,784 $4,228 3.83%
    $50k-75k 88 $10,830,000 $123,068 $4,239 3.73%
    $150k-250k 74 $9,570,000 $129,324 $4,468 4.10%
    $50k or less 51 $5,095,000 $99,902 $3,443 3.36%
    $250k+ 17 $3,505,000 $206,176 $5,124 3.94%

    Clackamas Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 124 originations. The second most popular income band? $75k-100k, with 102 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 93 $12,055,000 $129,624 $3,997 3.65%
    30-36% 81 $10,745,000 $132,654 $4,587 3.88%
    <20% 39 $5,705,000 $146,282 $4,503 3.40%
    49% 32 $2,800,000 $87,500 $4,690 4.32%
    40% 23 $3,425,000 $148,913 $4,266 3.80%
    44% 23 $3,325,000 $144,565 $3,670 3.69%
    47% 19 $1,695,000 $89,211 $3,812 4.86%
    41% 19 $1,995,000 $105,000 $4,547 3.96%
    48% 18 $1,300,000 $72,222 $3,108 4.06%
    43% 18 $3,390,000 $188,333 $4,354 3.43%
    46% 17 $1,835,000 $107,941 $5,256 3.98%
    36% 16 $3,270,000 $204,375 $4,483 3.66%
    42% 15 $2,225,000 $148,333 $4,019 3.89%
    45% 14 $1,720,000 $122,857 $3,560 4.14%
    39% 12 $1,770,000 $147,500 $4,706 3.79%
    37% 11 $1,945,000 $176,818 $5,133 3.54%
    38% 9 $1,325,000 $147,222 $4,031 3.85%
    50-60% 6 $450,000 $75,000 $4,003 3.62%
    >60% 1 $275,000 $275,000 $0 3.49%

    Clackamas Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 93 originations. The next most common DTI ratio? 30-36%, with 81 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 403 $76,205,000 $189,094 $4,326 3.81%
    Not provided 57 $7,015,000 $123,070 $3,640 3.89%
    Asian 4 $920,000 $230,000 $0 3.54%
    Not applicable 2 $850,000 $425,000 $0 4.44%
    American Indian 3 $335,000 $111,667 $3,056 3.74%
    Native Hawaiian or Islander 1 $115,000 $115,000 $0 5.19%
    Black 1 $45,000 $45,000 $0 8.49%

    Approval Rates

    Total approvals of all applications
    86.93%

    Clackamas Federal Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    76.01%

    Clackamas Federal Credit Union has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 471 $85,485,000 $181,497

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    471 $85,485,000 $181,497

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 97 $13,205,000 $136,134 $3,617 3.65%
    40-60% 55 $12,795,000 $232,636 $4,211 3.29%
    60-80% 46 $37,960,000 $825,217 $4,804 3.45%
    80-100% 17 $5,915,000 $347,941 $4,616 3.35%
    Under 20% 256 $15,610,000 $60,977 $2,939 4.13%

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    CALCON MUTUAL MORTGAGE LLC DBA ONETRUST HOME LOANS Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 2 28.6%
    CALCON MUTUAL MORTGAGE LLC DBA ONETRUST HOME LOANS Conventional home mortgage Trouble during payment process 3 42.9%
    CALCON MUTUAL MORTGAGE LLC DBA ONETRUST HOME LOANS FHA mortgage Applying for a mortgage or refinancing an existing mortgage 1 14.3%
    CALCON MUTUAL MORTGAGE LLC DBA ONETRUST HOME LOANS VA mortgage Trouble during payment process 1 14.3%