Usagencies Mortgage Rates, Fees & Info
Portland, ORLEI: 2549009OWTY7KVB18G12
Tax ID: 93-0256538
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Mortgage Data
Review & Overview
Usagencies is a smaller mortgage company specializing in Cash Out Refi loans. Usagencies has a high proportion of conventional loans. Their top markets by origination volume include: Portland, Boise City, Bend, Olympia, and Salem 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
46Origination Dollar Volume (All Markets)
$7,910,000Top 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) | 38 | $7,060,000 | $185,789 | $0 | 0.00% |
| Outside of Metro Areas | 1 | $225,000 | $225,000 | $0 | 0.00% |
| BOISE CITY, ID (FHA|USDA|VA) | 2 | $190,000 | $95,000 | $0 | 0.00% |
| BEND, OR (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 0.00% |
| OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 0.00% |
| SALEM, OR (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 0.00% |
| Prineville, OR (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 0.00% |
| WALLA WALLA, WA (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 46 | $7,910,000 | $171,957 | $0 | 0.00% |
For 2020, Usagencies's most frequently originated type of loan was Conventional, with 46 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Cash Out Refi | 33 | $6,485,000 | $196,515 | $0 | 0.00% |
| Home Improvement | 7 | $435,000 | $62,143 | $0 | 0.00% |
| Refi | 6 | $990,000 | $165,000 | $0 | 0.00% |
For 2020, Usagencies's most frequently cited loan purpose was Cash Out Refi, with 33 originations. The 2nd most popular reason was Home Improvement, with 7 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 46 | $7,910,000 | $171,957 | $0 | 0.00% |
For 2020, Usagencies's most frequently cited loan duration was Other, with 46 originations.
Loan Sizing
2020 saw Usagencies place emphasis on $200k-400k loans with 18 originations, totaling $4,560,000 in origination value.
Applicant Income
Usagencies lent most frequently to those with incomes in the $50k-75k range, with 13 originations. The second most popular income band? $100k-150k, with 11 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 46 | $7,910,000 | $171,957 | $0 | 0.00% |
Usagencies lent most frequently to those with DTI ratios of Exempt%, with 46 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 43 | $7,355,000 | $171,047 | $0 | 0.00% |
| Black | 2 | $320,000 | $160,000 | $0 | 0.00% |
| Asian | 1 | $235,000 | $235,000 | $0 | 0.00% |
Approval Rates
Total approvals of all applications97.92%
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 origination97.83%
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 |
|---|---|---|---|
| Exempt | 46 | $7,910,000 | $171,957 |