Oregon State Credit Union Mortgage Rates, Fees & Info

Corvallis, OR

LEI: 254900Z8J5L9POS71X51

Tax ID: 93-0444581

5 stars - Updated: 7/13/25 - out of 5 stars, based on 27 reviews

Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Relative Rates
  • Relative Fees
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • 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

    Oregon State Credit Union is a smaller credit union specializing in Home Improvement and Home Purchase loans. Oregon State Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Corvallis, Salem, Albany, Eugene, and Portland among others. We have data for 17 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Oregon State 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. Oregon State 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.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 7.06% 7/13/25
    30 Year Conventional Refi 7.14% 7/13/25
    30 Year Cash-out Refi 7.13% 7/13/25
    15 Year Conventional Purchase 6.49% 7/13/25
    15 Year Conventional Refi 5.61% 7/13/25
    15 Year Cash-out Refi 5.61% 7/13/25
    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.

    Oregon State Credit Union Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Oregon State 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

    706

    Origination Dollar Volume (All Markets)

    $127,740,000
    Show all (6) awards

    Relative Rate

    Oregon State Credit Union's average 30 year fixed mortgage rate was 6.59%.

    The 2024 average 30 year fixed rate mortgage across all markets and lenders was 6.55%.

    This yields a difference of 0.04%.

    Relative Fees (Closing Costs)

    Oregon State Credit Union's average total fees/closing costs for a 30 year fixed rate mortgage were $6,664.

    The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $8,356.

    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
    CORVALLIS, OR (FHA|USDA|VA) 196 $41,380,000 $211,122 $7,079 7.94%
    SALEM, OR (FHA|USDA|VA) 188 $28,580,000 $152,021 $5,753 8.21%
    ALBANY-LEBANON, OR (FHA|USDA|VA) 144 $16,520,000 $114,722 $4,370 8.37%
    EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) 18 $12,380,000 $687,778 $7,755 7.75%
    PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 56 $11,590,000 $206,964 $6,957 8.23%
    Newport, OR (FHA|USDA|VA) 70 $9,950,000 $142,143 $4,150 8.26%
    BEND, OR (FHA|USDA|VA) 8 $2,080,000 $260,000 $18,166 7.95%
    Outside of Metro Areas 5 $1,285,000 $257,000 $7,212 8.10%
    MEDFORD, OR (FHA|USDA|VA) 4 $1,250,000 $312,500 $2,991 7.29%
    Roseburg, OR (FHA|USDA|VA) 4 $660,000 $165,000 $6,586 7.34%
    GRANTS PASS, OR (FHA|USDA|VA) 2 $440,000 $220,000 $4,013 7.38%
    Aberdeen, WA (FHA|USDA|VA) 1 $405,000 $405,000 $7,753 6.13%
    Klamath Falls, OR (FHA|USDA|VA) 2 $400,000 $200,000 $7,333 7.63%
    Coos Bay, OR (FHA|USDA|VA) 4 $330,000 $82,500 $728 9.13%
    Hermiston-Pendleton, OR (FHA|USDA|VA) 1 $205,000 $205,000 $0 9.50%
    Astoria, OR (FHA|USDA|VA) 2 $180,000 $90,000 $4,686 7.00%
    Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 1 $105,000 $105,000 $0 8.50%
    Oregon State Credit Union's top markets include Corvallis, Salem, Albany, Eugene, and Portland 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 Oregon State Credit Union based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    Yakima Federal Savings and Loan Association
    Similarity Rank: 294
    INROADS
    Similarity Rank: 552
    Clackamas Federal Credit Union
    Similarity Rank: 558
    PULTE MORTGAGE LLC
    Similarity Rank: 648
    MARION AND POLK SCHOOLS CREDIT UNION
    Similarity Rank: 705
    South Pacific Financial Corporation
    Similarity Rank: 777
    HOMEAMERICAN MORTGAGE CORPORATION
    Similarity Rank: 816
    UNIVERSAL LENDING CORPORATION
    Similarity Rank: 992
    OREGON COMMUNITY
    Similarity Rank: 1060
    FIBRE FEDERAL CREDIT UNION
    Similarity Rank: 1178

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    HELOC 487 $49,055,000 $100,729 n/a 8.63%
    Conventional 219 $78,685,000 $359,292 $5,967 7.07%

    For 2024, Oregon State Credit Union's most frequently originated type of loan was HELOC, with 487 originations. Their 2nd most popular type was Conventional, with 219 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 355 $35,895,000 $101,113 $2,616 8.60%
    Other 183 $18,635,000 $101,831 $1,321 8.73%
    Home Purchase 131 $50,295,000 $383,931 $7,776 6.48%
    Cash Out Refi 28 $17,890,000 $638,929 $3,802 6.92%
    Refi 9 $5,025,000 $558,333 $8,746 6.18%

    For 2024, Oregon State Credit Union's most frequently cited loan purpose was Home Improvement, with 355 originations. The 2nd most popular reason was Other, with 183 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 496 $66,400,000 $133,871 $0 8.58%
    30 Year 130 $45,850,000 $352,692 $6,664 6.59%
    15 Year 37 $4,235,000 $114,459 $2,699 8.14%
    10 Year 27 $2,405,000 $89,074 $1,348 8.39%
    30+ year 10 $7,360,000 $736,000 $22,403 6.80%
    20 Year 6 $1,490,000 $248,333 $4,429 6.67%

    For 2024, Oregon State Credit Union's most frequently cited loan duration was Other, with 496 originations. The 2nd most popular length was 30 Year, with 130 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 88 $17,780,000 $202,045
    $5k+ 38 $19,980,000 $525,789
    $1k-2k 30 $8,030,000 $267,667
    $3k-4k 20 $5,740,000 $287,000
    $4k-5k 20 $6,660,000 $333,000
    $2k-3k 14 $3,150,000 $225,000

    Oregon State Credit Union's average total fees were $6,664, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 88 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    Over 8% 480 $46,820,000 $97,542
    6-7% 107 $50,245,000 $469,579
    7-8% 85 $20,195,000 $237,588
    5-6% 31 $9,965,000 $321,452
    4-5% 3 $515,000 $171,667

    During 2024, Oregon State Credit Union's average interest rate for loans was 6.59%, while their most frequently originated rate bucket for loans was Over 8%, with 480 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 325 $17,805,000 $54,785 $1,355 8.67%
    $100k-200k 185 $24,065,000 $130,081 $3,745 8.28%
    $200k-400k 136 $39,590,000 $291,103 $6,598 7.36%
    $400k-600k 43 $20,015,000 $465,465 $8,066 6.61%
    $600k-1MM 10 $7,640,000 $764,000 $16,077 7.03%
    $1MM+ 7 $18,625,000 $2,660,714 $28,853 6.42%

    2024 saw Oregon State Credit Union place emphasis on $100,000 or less loans with 325 originations, totaling $17,805,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 216 $33,230,000 $153,843 $5,656 8.21%
    $150k-250k 159 $30,335,000 $190,786 $6,686 8.27%
    $75k-100k 117 $15,285,000 $130,641 $5,569 8.17%
    $50k-75k 112 $11,650,000 $104,018 $4,405 8.10%
    $250k+ 46 $14,420,000 $313,478 $8,027 8.06%
    $50k or less 39 $3,285,000 $84,231 $4,375 7.90%

    Oregon State Credit Union lent most frequently to those with incomes in the $100k-150k range, with 216 originations. The second most popular income band? $150k-250k, with 159 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 146 $21,290,000 $145,822 $5,835 8.06%
    30-36% 122 $19,570,000 $160,410 $6,592 8.15%
    44% 51 $8,255,000 $161,863 $5,092 8.19%
    43% 50 $5,960,000 $119,200 $4,583 8.62%
    45% 49 $6,005,000 $122,551 $6,750 8.55%
    <20% 45 $8,575,000 $190,556 $7,235 7.80%
    41% 37 $6,095,000 $164,730 $6,738 8.32%
    40% 32 $5,700,000 $178,125 $5,173 8.01%
    37% 30 $5,140,000 $171,333 $5,256 8.27%
    42% 29 $5,625,000 $193,966 $5,528 8.28%
    39% 29 $4,525,000 $156,034 $7,373 8.22%
    36% 23 $2,645,000 $115,000 $4,850 8.27%
    38% 18 $2,960,000 $164,444 $5,524 8.54%
    47% 8 $2,260,000 $282,500 $6,328 6.89%
    46% 8 $2,140,000 $267,500 $6,335 7.36%
    48% 7 $1,175,000 $167,857 $4,563 8.11%
    50-60% 7 $1,485,000 $212,143 $3,396 7.55%
    49% 6 $990,000 $165,000 $4,832 7.79%

    Oregon State Credit Union lent most frequently to those with DTI ratios of 20-30%, with 146 originations. The next most common DTI ratio? 30-36%, with 122 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 548 $84,450,000 $154,106 $5,794 8.17%
    Not provided 108 $18,840,000 $174,444 $5,880 8.15%
    Not applicable 9 $17,345,000 $1,927,222 $0 6.24%
    Native Hawaiian or Islander 5 $2,115,000 $423,000 $47,477 8.13%
    American Indian 16 $1,670,000 $104,375 $2,910 8.35%
    Asian 8 $1,220,000 $152,500 $7,569 7.80%
    Black 6 $1,120,000 $186,667 $7,842 8.23%
    Other Asian 4 $540,000 $135,000 $3,144 8.06%
    Chinese 1 $325,000 $325,000 $0 9.50%
    Other Pacific Islander 1 $115,000 $115,000 $0 8.00%

    Approval Rates

    Total approvals of all applications
    89.58%

    Oregon State Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    76.06%

    Oregon State Credit Union has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 706 $127,740,000 $180,935

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    706 $127,740,000 $180,935

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 188 $27,790,000 $147,819 $3,914 8.36%
    40-60% 50 $12,730,000 $254,600 $5,811 7.90%
    60-80% 63 $26,125,000 $414,683 $8,626 6.72%
    80-100% 58 $23,370,000 $402,931 $7,789 6.49%
    Under 20% 338 $20,380,000 $60,296 $1,286 8.66%