Oregon State Credit Union Mortgage Rates, Fees & Info

Corvallis, OR

LEI: 254900Z8J5L9POS71X51

Tax ID: 93-0444581

5 stars - Updated: 9/18/23 - out of 5 stars, based on 28 reviews

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

Jump to:

  • 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 Other and Home Purchase loans. Oregon State Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Corvallis, Albany, Salem, Eugene, and Portland among others. We have data for 19 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Oregon State Credit Union has an above 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 an average 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
    Home Equity Line of Credit (HELOC) 6.27% 9/18/23
    30 Year Conventional Purchase 6.59% 9/18/23
    30 Year Conventional Refi 6.31% 9/18/23
    30 Year Cash-out Refi 6.75% 9/18/23
    15 Year Conventional Purchase 5.97% 9/18/23
    15 Year Conventional Refi 6.29% 9/18/23
    15 Year Cash-out Refi 6.29% 9/18/23
    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

    780

    Origination Dollar Volume (All Markets)

    $162,790,000

    Awards

    Oregon State Credit Union 30 Year Conventional Loans gold Oregon State Credit Union 30 Year Conventional Loans silver Oregon State Credit Union 30 Year Conventional Loans gold Oregon State Credit Union 30 Year Conventional Loans silver
    Show all (4) awards

    Relative Rate

    Oregon State Credit Union's average 30 year fixed mortgage rate was 4.72%.

    The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.

    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 $5,220.

    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 $4,750.

    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) 226 $53,160,000 $235,221 $4,517 4.40%
    ALBANY-LEBANON, OR (FHA|USDA|VA) 175 $33,045,000 $188,829 $4,121 4.76%
    SALEM, OR (FHA|USDA|VA) 185 $24,435,000 $132,081 $3,093 4.71%
    EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) 16 $19,300,000 $1,206,250 $4,324 4.86%
    PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 73 $15,465,000 $211,849 $6,319 4.73%
    Newport, OR (FHA|USDA|VA) 66 $9,910,000 $150,152 $5,741 4.67%
    BEND, OR (FHA|USDA|VA) 13 $3,055,000 $235,000 $7,815 4.83%
    Outside of Metro Areas 8 $1,100,000 $137,500 $5,356 5.45%
    Coos Bay, OR (FHA|USDA|VA) 4 $790,000 $197,500 $5,699 4.19%
    Klamath Falls, OR (FHA|USDA|VA) 1 $725,000 $725,000 $5,756 4.13%
    The Dalles, OR (FHA|USDA|VA) 1 $405,000 $405,000 $4,780 4.63%
    Hood River, OR (FHA|USDA|VA) 2 $350,000 $175,000 $0 4.88%
    Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 3 $275,000 $91,667 $0 4.33%
    Prineville, OR (FHA|USDA|VA) 2 $270,000 $135,000 $0 4.50%
    GRANTS PASS, OR (FHA|USDA|VA) 1 $165,000 $165,000 $0 3.25%
    Astoria, OR (FHA|USDA|VA) 1 $115,000 $115,000 $0 4.75%
    KENNEWICK-RICHLAND, WA (FHA|USDA|VA) 1 $115,000 $115,000 $0 4.50%
    MEDFORD, OR (FHA|USDA|VA) 1 $55,000 $55,000 $0 3.50%
    Roseburg, OR (FHA|USDA|VA) 1 $55,000 $55,000 $0 5.50%
    Oregon State Credit Union's top markets include Corvallis, Albany, Salem, 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.

    People's Community Federal Credit Union
    Similarity Rank: 172
    CASTPARTS EMPLOYEES
    Similarity Rank: 440
    ALL WESTERN MORTGAGE, INC.
    Similarity Rank: 884
    Pacific NW Federal Credit Union
    Similarity Rank: 962
    Bank of the Pacific
    Similarity Rank: 966
    HERITAGE GROVE Federal Credit Union
    Similarity Rank: 1010
    Yakima Federal Savings and Loan Association
    Similarity Rank: 1065
    MARION AND POLK SCHOOLS CREDIT UNION
    Similarity Rank: 1088
    CENTRAL WILLAMETTE Credit Union
    Similarity Rank: 1392
    COAST 2 COAST FUNDING GROUP, INC.
    Similarity Rank: 1540

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    HELOC 542 $59,750,000 $110,240 n/a 4.55%
    Conventional 238 $103,040,000 $432,941 $4,426 4.83%

    For 2022, Oregon State Credit Union's most frequently originated type of loan was HELOC, with 542 originations. Their 2nd most popular type was Conventional, with 238 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Other 320 $35,920,000 $112,250 $1,076 4.57%
    Home Improvement 292 $30,310,000 $103,801 $2,376 4.74%
    Home Purchase 100 $79,540,000 $795,400 $6,655 4.72%
    Cash Out Refi 55 $11,975,000 $217,727 $3,840 4.41%
    Refi 13 $5,045,000 $388,077 $5,650 4.27%

    For 2022, Oregon State Credit Union's most frequently cited loan purpose was Other, with 320 originations. The 2nd most popular reason was Home Improvement, with 292 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 553 $104,695,000 $189,322 $731 4.55%
    30 Year 123 $41,225,000 $335,163 $5,220 4.72%
    15 Year 62 $8,200,000 $132,258 $2,643 5.25%
    20 Year 19 $3,975,000 $209,211 $3,479 4.13%
    10 Year 17 $885,000 $52,059 $976 5.23%
    30+ year 6 $3,810,000 $635,000 $20,246 4.58%

    For 2022, Oregon State Credit Union's most frequently cited loan duration was Other, with 553 originations. The 2nd most popular length was 30 Year, with 123 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 135 $27,525,000 $203,889
    $1k-2k 27 $5,035,000 $186,481
    $5k+ 18 $11,310,000 $628,333
    $4k-5k 17 $6,405,000 $376,765
    $3k-4k 16 $4,700,000 $293,750
    $2k-3k 14 $2,760,000 $197,143

    Oregon State Credit Union's average total fees were $5,220, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 135 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 338 $85,870,000 $254,053
    4-5% 177 $39,385,000 $222,514
    5-6% 144 $23,200,000 $161,111
    6-7% 85 $10,715,000 $126,059
    7-8% 29 $2,735,000 $94,310
    2.5-3% 6 $830,000 $138,333
    Over 8% 1 $55,000 $55,000

    During 2022, Oregon State Credit Union's average interest rate for loans was 4.72%, while their most frequently originated rate bucket for loans was 3-4%, with 338 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 350 $19,890,000 $56,829 $1,341 4.75%
    $100k-200k 214 $28,620,000 $133,738 $3,018 4.60%
    $200k-400k 168 $45,850,000 $272,917 $4,860 4.47%
    $400k-600k 35 $16,535,000 $472,429 $7,659 4.54%
    $1MM+ 7 $47,805,000 $6,829,286 $32,071 4.15%
    $600k-1MM 6 $4,090,000 $681,667 $8,765 4.77%

    2022 saw Oregon State Credit Union place emphasis on $100,000 or less loans with 350 originations, totaling $19,890,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 228 $31,750,000 $139,254 $3,992 4.73%
    $75k-100k 173 $23,665,000 $136,792 $3,954 4.70%
    $150k-250k 156 $27,340,000 $175,256 $5,039 4.64%
    $50k-75k 118 $15,470,000 $131,102 $3,794 4.55%
    $50k or less 61 $5,925,000 $97,131 $3,406 4.43%
    $250k+ 32 $11,430,000 $357,188 $11,410 4.52%

    Oregon State Credit Union lent most frequently to those with incomes in the $100k-150k range, with 228 originations. The second most popular income band? $75k-100k, with 173 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 193 $30,535,000 $158,212 $4,282 4.57%
    30-36% 153 $22,875,000 $149,510 $5,072 4.80%
    <20% 105 $15,165,000 $144,429 $3,839 4.13%
    43% 45 $6,295,000 $139,889 $4,208 4.84%
    44% 40 $5,090,000 $127,250 $4,819 5.07%
    40% 35 $4,605,000 $131,571 $3,534 4.39%
    41% 32 $3,610,000 $112,813 $2,737 4.95%
    37% 32 $4,950,000 $154,688 $3,752 4.60%
    38% 27 $4,285,000 $158,704 $5,194 4.84%
    42% 24 $3,370,000 $140,417 $4,462 4.70%
    45% 21 $3,085,000 $146,905 $3,344 5.09%
    39% 19 $3,085,000 $162,368 $4,327 4.82%
    36% 19 $3,385,000 $178,158 $4,604 4.50%
    46% 8 $2,170,000 $271,250 $5,033 4.45%
    47% 6 $1,070,000 $178,333 $5,312 4.38%
    50-60% 5 $1,065,000 $213,000 $4,156 5.10%
    48% 2 $320,000 $160,000 $3,718 3.44%
    49% 2 $590,000 $295,000 $14,866 5.81%
    >60% 1 $205,000 $205,000 $0 6.25%

    Oregon State Credit Union lent most frequently to those with DTI ratios of 20-30%, with 193 originations. The next most common DTI ratio? 30-36%, with 153 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 563 $89,285,000 $158,588 $4,729 4.72%
    Not applicable 11 $47,035,000 $4,275,909 $0 4.27%
    Not provided 178 $22,100,000 $124,157 $3,151 4.41%
    American Indian 14 $2,350,000 $167,857 $3,803 4.56%
    Asian 4 $1,110,000 $277,500 $4,694 4.03%
    Black 5 $255,000 $51,000 $0 4.75%
    Native Hawaiian or Islander 2 $250,000 $125,000 $3,230 4.56%
    Chinese 1 $245,000 $245,000 $0 3.25%
    Filipino 1 $105,000 $105,000 $0 3.25%
    Other Asian 1 $55,000 $55,000 $0 5.50%

    Approval Rates

    Total approvals of all applications
    92.66%

    Oregon State Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    84.87%

    Oregon State Credit Union has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 780 $162,790,000 $208,705

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    780 $162,790,000 $208,705

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 203 $30,045,000 $148,005 $3,123 4.40%
    40-60% 81 $20,925,000 $258,333 $4,855 4.44%
    60-80% 60 $21,270,000 $354,500 $6,172 4.78%
    80-100% 47 $18,725,000 $398,404 $6,299 4.69%
    Under 20% 378 $24,790,000 $65,582 $1,293 4.78%