Usagencies Mortgage Rates, Fees & Info
Portland, ORLEI: 2549009OWTY7KVB18G12
Tax ID: 93-0256538
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Usagencies is a smaller mortgage company specializing in Home Improvement, Other, and Cash Out Refi loans. Usagencies has a high proportion of conventional loans. Their top markets by origination volume include: Portland, Bend, Corvallis, Prineville, and Eugene among others. We have data for 8 markets. (Some data included below & more in-depth data is available with an active subscription.)Usagencies has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders.
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Originations
24Origination Dollar Volume (All Markets)
$2,670,000Top 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) | 13 | $835,000 | $64,231 | $0 | 7.81% |
| BEND, OR (FHA|USDA|VA) | 2 | $810,000 | $405,000 | $0 | 6.17% |
| Outside of Metro Areas | 4 | $460,000 | $115,000 | $0 | 6.88% |
| CORVALLIS, OR (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $0 | 8.44% |
| Prineville, OR (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 5.90% |
| EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 7.44% |
| BOISE CITY, ID (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 7.20% |
| SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 7.64% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 24 | $2,670,000 | $111,250 | $0 | 7.42% |
For 2023, Usagencies's most frequently originated type of loan was Conventional, with 24 originations.
Loan Reason
For 2023, Usagencies's most frequently cited loan purpose was Home Improvement, with 11 originations. The 2nd most popular reason was Other, with 6 originations.
Loan Duration/Length
For 2023, Usagencies's most frequently cited loan duration was 15 Year, with 14 originations. The 2nd most popular length was 10 Year, with 7 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 7-8% | 9 | $745,000 | $82,778 |
| 6-7% | 8 | $1,240,000 | $155,000 |
| Over 8% | 6 | $520,000 | $86,667 |
| 5-6% | 1 | $165,000 | $165,000 |
During 2023, Usagencies's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 7-8%, with 9 originations.
Loan Sizing
2023 saw Usagencies place emphasis on $100,000 or less loans with 15 originations, totaling $845,000 in origination value.
Applicant Income
Usagencies lent most frequently to those with incomes in the $50k-75k range, with 6 originations. The second most popular income band? $75k-100k, with 5 originations.
Applicant Debt to Income Ratio
Usagencies lent most frequently to those with DTI ratios of 42%, with 3 originations. The next most common DTI ratio? 20-30%, with 3 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications100.00%
Usagencies has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination95.83%
Usagencies has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 24 | $2,670,000 | $111,250 |