What loan types does Washington State Employees Credit Union offer?

Washington State Employees Credit Union offers the following mortgage loan types: FHA, Conventional, Jumbo. Each product has its own pricing score and performance metrics.

Where does Washington State Employees Credit Union offer mortgages?

Washington State Employees Credit Union offers mortgages in 3 states: ID, OR, WA.

How competitive are Washington State Employees Credit Union's mortgage rates?

Washington State Employees Credit Union has an overall pricing score of 36.6/100, based on analysis of their loan data including average spread and fees compared to market benchmarks.

What type of lender is Washington State Employees Credit Union?

Washington State Employees Credit Union is a Credit Union headquartered in OLYMPIA, WA.

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Washington State Employees Credit Union

Credit Union•Olympia, WAHQ•Direct•Reviews near you on Google

Washington State Employees Credit Union has 294 closed loans in our dataset — fully analyzed and benchmarked against peers across the 5 Ps of Mortgage Shopping.

Ratings· each scored 1–5 against peer lenders

Pricing

Acceptable

2/5

vs. all lenders

Pull-through

Acceptable

2/5

closing strength

Product

Strong

4/5

FHA · Conventional · Jumbo

Place

Strong

4/5

Regional · 5 mkts

Awards

FHA

Superstar

Summary

What They Do Well

Particularly strong in FHA and Jumbo loans

Things to Think About

Pricing may be below industry average
Pull through efficiency is below industry average

Explore another lender or local market

Report Card

Washington State Employees Credit Union performance at a glance

Overall Performance· Pricing & closing strength

Pricing

Rate competitiveness

Acceptable

+33.4 bps above market avg

Pull Through

Closing strength

Acceptable

Bottom 40% of lenders

By Loan Product· Specialization by type

Conventional

Sound

Top 60% of lenders

FHA

Strong

Top 40% of lenders

Jumbo

Strong

Top 40% of lenders

By Loan Purpose· Transaction purpose mix

Purchase

Sound

Top 60% of lenders

Refinance

Strong

Top 40% of lenders

By Location· Geographic coverage

Geographic Reach

Regional · 6 markets

Strong

Top 40% of lenders

Loan Product Performance

Performance by Loan Product

Loan Type	Overall	Product	Pricing	Pull Through	Volume	Mix	Spread	Fees
Conventional	Sound	Sound	Acceptable	Sound	224	76.2%	+0.413%Above	$1,486Fees
FHA Loans	Strong	Strong	Strong	Sound	44	15.0%	+0.133%Above	$2,905Fees
Jumbo Loans	Sound	Strong	—	Sound	19	6.5%	+0.106%Above	$803Fees

Conventional

Overall

Sound

Product

Sound

Pricing

Acceptable

Pull Through

Sound

Volume224

Mix76.2%

Spread

+0.413%Above

Fees

$1,486Fees

FHA Loans

Overall

Strong

Product

Strong

Pricing

Strong

Pull Through

Sound

Volume44

Mix15.0%

Spread

+0.133%Above

Fees

$2,905Fees

Jumbo Loans

Overall

Sound

Product

Strong

Pricing—

Pull Through

Sound

Volume19

Mix6.5%

Spread

+0.106%Above

Fees

$803Fees

Loan Purpose Performance

Performance by Loan Purpose

Purpose	Overall	Product	Pricing	Pull Through	Volume	Mix	Spread	Fees
Purchase	Sound	Sound	Acceptable	Acceptable	211	71.8%	+0.279%Above	$1,875Fees
Refinance	Sound	Strong	Sound	Sound	83	28.2%	+0.486%Above	$1,158Fees

Purchase

Overall

Sound

Product

Sound

Pricing

Acceptable

Pull Through

Acceptable

Volume211

Mix71.8%

Spread

+0.279%Above

Fees

$1,875Fees

Refinance

Overall

Sound

Product

Strong

Pricing

Sound

Pull Through

Sound

Volume83

Mix28.2%

Spread

+0.486%Above

Fees

$1,158Fees

At a Glance

Lender Overview

Lending Activity

Loans Originated

294

Applications

598

Volume

$126 million

Pricing & Closing

Avg Rate Spread

+0.334%

vs. market APOR

Avg Net Fees

$1,686

Origination − Credits

Pullthrough Rate

49.2%

Applications → Closed

Typical Borrower

Avg Loan Amount

$430,782

Avg Borrower Income

$161,595

Avg Property Value

$625,959

Geographic Coverage

Geographic Performance

Metro Areas

markets with activity

States Served

of 50 states + DC

Avg Place Specialization

Strong

4/5

States with Loan Originations

West3

IDORWA

Top Metro Areas by Place Specialization Score

Olympia, WAMetro

Volume 71Mix 24.15% of portfolio

83/100

Exceptional

Seattle, WAMetro

Volume 51Mix 17.35% of portfolio

64/100

Strong

Spokane, WAMetro

Volume 32Mix 10.88% of portfolio

64/100

Strong

Tacoma, WAMetro

Volume 33Mix 11.22% of portfolio

64/100

Strong

Yakima, WAMetro

Volume 15Mix 5.10% of portfolio

52/100

Sound

Top States by Place Specialization Score

WashingtonState

Volume 287Mix 97.62% of portfolio

82/100

Exceptional

How We Rank Lenders

Our rankings use an equal-weight average of scores across our core categories (Pricing, Product, Pull-Through, Place), with lender promptness blended in when a lender has responded to real shopper quote requests.

Our Point System (Max 30 Points)

10/ 30 pts

Pricing

Rate and fee competitiveness (33%)

10/ 30 pts

Pull Through

Reliability in closing loans (33%)

10/ 30 pts

Product

Specialization in the loan type (33%)

💎

Champion(80%+ = 24-30 points)

⭐

Superstar(60-79% = 18-23 points)

Data Integrity & Updates

Data is updated quarterly based on the latest HMDA filings and proprietary SafeRate analysis. All metrics are calculated using standardized methodologies to ensure fair comparison across lenders.

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The 5 PsRankings are calculated from observed lender differences on closed loans across Pricing, Pull-through, Product, and Place, plus Promptness when a lender has answered real shopper quote requests.

No Pay to PlayLenders cannot buy their way to the top. Rankings are 100% earned.

HMDA 2024Built using publicly available originated loan data from the federal government.

Peer BenchmarkedPerformance is normalized and benchmarked against peer institutions.