Oregon Pacific Banking Company Mortgage Rates, Fees & Info

Florence, OR

LEI: 254900N67KAPUJSOLE12

Tax ID: 93-0742995

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Mortgage Data

Review & Overview

Oregon Pacific Banking Company is a smaller bank specializing in Home Purchase and Cash Out Refi loans. Oregon Pacific Banking Company has a high proportion of conventional loans. Their top markets by origination volume include: Eugene, Coos Bay, Roseburg, Bend, and Corvallis among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)

Oregon Pacific Banking Company 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.

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Originations

54

Origination Dollar Volume (All Markets)

$16,170,000

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
EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) 37 $11,225,000 $303,378 $0 0.00%
Coos Bay, OR (FHA|USDA|VA) 11 $3,655,000 $332,273 $0 0.00%
Roseburg, OR (FHA|USDA|VA) 4 $790,000 $197,500 $0 0.00%
BEND, OR (FHA|USDA|VA) 1 $275,000 $275,000 $0 0.00%
CORVALLIS, OR (FHA|USDA|VA) 1 $225,000 $225,000 $0 0.00%
Oregon Pacific Banking Company's top markets include Eugene, Coos Bay, Roseburg, Bend, and Corvallis among others.

Their top states include:
  • Oregon (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 54 $16,170,000 $299,444 $0 0.00%

    For 2018, Oregon Pacific Banking Company's most frequently originated type of loan was Conventional, with 54 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 25 $9,185,000 $367,400 $0 0.00%
    Cash Out Refi 25 $5,985,000 $239,400 $0 0.00%
    Refi 2 $660,000 $330,000 $0 0.00%
    Home Improvement 1 $165,000 $165,000 $0 0.00%
    Other 1 $175,000 $175,000 $0 0.00%

    For 2018, Oregon Pacific Banking Company's most frequently cited loan purpose was Home Purchase, with 25 originations. The 2nd most popular reason was Cash Out Refi, with 25 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 54 $16,170,000 $299,444 $0 0.00%

    For 2018, Oregon Pacific Banking Company's most frequently cited loan duration was Other, with 54 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 16 $1,010,000 $63,125 $0 0.00%
    $100k-200k 13 $1,805,000 $138,846 $0 0.00%
    $200k-400k 13 $3,785,000 $291,154 $0 0.00%
    $400k-600k 6 $3,100,000 $516,667 $0 0.00%
    $1MM+ 3 $4,185,000 $1,395,000 $0 0.00%
    $600k-1MM 3 $2,285,000 $761,667 $0 0.00%

    2018 saw Oregon Pacific Banking Company place emphasis on $100,000 or less loans with 16 originations, totaling $1,010,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 8 $1,440,000 $180,000 $0 0.00%
    $50k-75k 8 $810,000 $101,250 $0 0.00%
    $250k+ 7 $2,435,000 $347,857 $0 0.00%
    $50k or less 6 $770,000 $128,333 $0 0.00%
    $75k-100k 5 $1,095,000 $219,000 $0 0.00%
    $150k-250k 3 $1,035,000 $345,000 $0 0.00%

    Oregon Pacific Banking Company lent most frequently to those with incomes in the $100k-150k range, with 8 originations. The second most popular income band? $50k-75k, with 8 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 54 $16,170,000 $299,444 $0 0.00%

    Oregon Pacific Banking Company lent most frequently to those with DTI ratios of Exempt%, with 54 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 17 $8,585,000 $505,000 $0 0.00%
    White 30 $6,250,000 $208,333 $0 0.00%
    Not provided 5 $915,000 $183,000 $0 0.00%
    Black 2 $420,000 $210,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    85.00%

    Oregon Pacific Banking Company has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    46.30%

    Oregon Pacific Banking Company 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
    Exempt 54 $16,170,000 $299,444

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Manufactured 2 $660,000 $330,000
    Multifamily:Site-Built 6 $4,110,000 $685,000
    Single Family (1-4 Units):Manufactured 12 $2,440,000 $203,333
    Single Family (1-4 Units):Site-Built 34 $8,960,000 $263,529