Selco Community Mortgage Rates, Fees & Info

Eugene, OR

LEI: 5493003WLEYGXGNTI654

Tax ID: 93-0163693

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

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • 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

    Selco Community is a smaller mortgage company specializing in Home Improvement, Other, and Refi loans. Selco Community has a high proportion of conventional loans. Their top markets by origination volume include: Eugene, Bend, Portland, Salem, and Prineville among others. We have data for 17 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Selco Community 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. Selco Community 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
    Home Equity Line of Credit (HELOC) 6.09% 12/16/24
    30 Year Conventional Purchase 5.56% 12/16/24
    30 Year Conventional Refi 6.01% 12/16/24
    30 Year Cash-out Refi 6.27% 12/16/24
    15 Year Conventional Purchase 5.40% 12/16/24
    15 Year Conventional Refi 5.84% 12/16/24
    15 Year Cash-out Refi 5.84% 12/16/24
    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.

    Selco Community Mortgage Calculator






    Your Estimates

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

    This is not an official calculator from Selco Community. 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

    1,218

    Origination Dollar Volume (All Markets)

    $92,150,000
    Show all (5) awards

    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) 567 $40,785,000 $71,931 $2,827 4.82%
    BEND, OR (FHA|USDA|VA) 380 $30,540,000 $80,368 $3,132 4.76%
    PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 70 $6,400,000 $91,429 $3,686 4.78%
    SALEM, OR (FHA|USDA|VA) 79 $5,495,000 $69,557 $2,952 4.64%
    Prineville, OR (FHA|USDA|VA) 14 $2,210,000 $157,857 $5,116 4.73%
    ALBANY-LEBANON, OR (FHA|USDA|VA) 40 $1,730,000 $43,250 $2,689 4.99%
    Outside of Metro Areas 30 $1,730,000 $57,667 $2,534 4.85%
    CORVALLIS, OR (FHA|USDA|VA) 9 $705,000 $78,333 $4,311 4.61%
    Newport, OR (FHA|USDA|VA) 7 $695,000 $99,286 $3,172 4.43%
    MEDFORD, OR (FHA|USDA|VA) 6 $650,000 $108,333 $0 4.79%
    Roseburg, OR (FHA|USDA|VA) 4 $440,000 $110,000 $2,538 4.97%
    Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 1 $285,000 $285,000 $0 5.25%
    Klamath Falls, OR (FHA|USDA|VA) 5 $205,000 $41,000 $0 4.50%
    Astoria, OR (FHA|USDA|VA) 2 $130,000 $65,000 $0 4.63%
    Hood River, OR (FHA|USDA|VA) 2 $70,000 $35,000 $0 4.63%
    Coos Bay, OR (FHA|USDA|VA) 1 $55,000 $55,000 $0 4.50%
    Ontario, OR-ID (FHA|USDA|VA) 1 $25,000 $25,000 $0 10.00%
    Selco Community's top markets include Eugene, Bend, Portland, Salem, and Prineville 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 SELCO COMMUNITY 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: 33
    SELCO COMMUNITY
    Similarity Rank: 221
    Yakima Federal Savings and Loan Association
    Similarity Rank: 360
    CASTPARTS EMPLOYEES
    Similarity Rank: 900
    OREGON COMMUNITY
    Similarity Rank: 1159
    Clackamas Federal Credit Union
    Similarity Rank: 1298
    InRoads Federal Credit Union
    Similarity Rank: 1432
    Unitus Community Credit Union
    Similarity Rank: 1443
    COLUMBIA COMMUNITY CREDIT UNION
    Similarity Rank: 1720
    Mortgage Trust, Inc.
    Similarity Rank: 1778

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    HELOC 1,040 $55,000,000 $52,885 n/a 4.86%
    Conventional 178 $37,150,000 $208,708 $3,015 4.42%

    For 2018, Selco Community's most frequently originated type of loan was HELOC, with 1,040 originations. Their 2nd most popular type was Conventional, with 178 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 521 $27,025,000 $51,871 $0 4.77%
    Other 405 $19,365,000 $47,815 $0 5.01%
    Refi 178 $26,190,000 $147,135 $2,905 4.49%
    Home Purchase 112 $18,100,000 $161,607 $3,229 4.63%
    Cash Out Refi 2 $1,470,000 $735,000 $0 4.93%

    For 2018, Selco Community's most frequently cited loan purpose was Home Improvement, with 521 originations. The 2nd most popular reason was Other, with 405 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 1,148 $76,710,000 $66,821 $2,936 4.83%
    15 Year 37 $6,815,000 $184,189 $2,864 4.03%
    20 Year 18 $3,870,000 $215,000 $3,778 4.13%
    10 Year 13 $4,385,000 $337,308 $2,958 4.89%
    5 Year 1 $315,000 $315,000 $0 5.40%
    Other 1 $55,000 $55,000 $0 4.49%

    For 2018, Selco Community's most frequently cited loan duration was 30 Year, with 1,148 originations. The 2nd most popular length was 15 Year, with 37 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 116 $22,880,000 $197,241
    $1k-2k 28 $5,480,000 $195,714
    $2k-3k 10 $2,570,000 $257,000
    $3k-4k 2 $390,000 $195,000
    $5k+ 2 $730,000 $365,000
    $4k-5k 1 $225,000 $225,000

    Selco Community's average total fees were $2,936, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 116 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 1,015 $74,735,000 $73,631
    5-6% 78 $5,230,000 $67,051
    3-4% 69 $10,185,000 $147,609
    7-8% 35 $1,165,000 $33,286
    Over 8% 20 $790,000 $39,500
    6-7% 1 $45,000 $45,000

    During 2018, Selco Community's average interest rate for loans was 4.83%, while their most frequently originated rate bucket for loans was 4-5%, with 1,015 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 945 $41,615,000 $44,037 $2,420 4.88%
    $100k-200k 177 $23,145,000 $130,763 $2,665 4.51%
    $200k-400k 89 $23,085,000 $259,382 $3,313 4.46%
    $400k-600k 5 $2,345,000 $469,000 $5,501 4.48%
    $1MM+ 1 $1,305,000 $1,305,000 $0 5.00%
    $600k-1MM 1 $655,000 $655,000 $0 4.99%

    2018 saw Selco Community place emphasis on $100,000 or less loans with 945 originations, totaling $41,615,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 311 $23,425,000 $75,322 $3,393 4.81%
    $75k-100k 278 $21,160,000 $76,115 $3,150 4.75%
    $50k-75k 265 $17,465,000 $65,906 $3,061 4.74%
    $50k or less 172 $11,070,000 $64,360 $2,528 4.91%
    $150k-250k 131 $11,485,000 $87,672 $3,484 4.72%
    $250k+ 35 $3,335,000 $95,286 $2,063 5.01%

    Selco Community lent most frequently to those with incomes in the $100k-150k range, with 311 originations. The second most popular income band? $75k-100k, with 278 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 345 $23,865,000 $69,174 $2,871 4.77%
    30-36% 259 $19,265,000 $74,382 $2,737 4.81%
    <20% 112 $7,640,000 $68,214 $3,022 4.61%
    37% 53 $3,865,000 $72,925 $3,120 4.96%
    39% 47 $4,095,000 $87,128 $2,830 4.71%
    41% 47 $3,935,000 $83,723 $4,755 4.88%
    42% 41 $3,405,000 $83,049 $2,985 4.94%
    40% 40 $3,170,000 $79,250 $2,957 5.11%
    38% 38 $3,660,000 $96,316 $2,956 4.85%
    45% 34 $1,770,000 $52,059 $0 4.68%
    50-60% 33 $1,745,000 $52,879 $0 4.89%
    44% 33 $2,495,000 $75,606 $3,260 4.60%
    43% 28 $2,180,000 $77,857 $3,763 4.57%
    36% 27 $1,865,000 $69,074 $2,909 4.91%
    46% 19 $1,395,000 $73,421 $0 4.61%
    49% 19 $1,245,000 $65,526 $0 4.68%
    47% 11 $515,000 $46,818 $0 4.64%
    48% 11 $765,000 $69,545 $0 5.27%
    >60% 8 $750,000 $93,750 $0 5.41%

    Selco Community lent most frequently to those with DTI ratios of 20-30%, with 345 originations. The next most common DTI ratio? 30-36%, with 259 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,162 $85,160,000 $73,287 $3,001 4.79%
    Not applicable 9 $3,355,000 $372,778 $0 4.88%
    Not provided 10 $1,200,000 $120,000 $3,053 5.02%
    Asian 13 $925,000 $71,154 $4,996 4.53%
    American Indian 14 $610,000 $43,571 $0 4.71%
    Native Hawaiian or Islander 5 $455,000 $91,000 $0 4.60%
    Asian Indian 1 $265,000 $265,000 $3,090 4.38%
    Black 4 $180,000 $45,000 $0 5.75%

    Approval Rates

    Total approvals of all applications
    73.65%

    Selco Community has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    75.62%

    Selco Community has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    0.0 6 $350,000 $58,333
    NA 1,212 $91,800,000 $75,743

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 6 $3,020,000 $503,333
    Single Family (1-4 Units):Manufactured 14 $720,000 $51,429
    Single Family (1-4 Units):Site-Built 1,198 $88,410,000 $73,798

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 213 $18,595,000 $87,300 $2,935 4.61%
    40-60% 117 $22,555,000 $192,778 $2,851 4.61%
    60-80% 71 $16,835,000 $237,113 $3,240 4.37%
    80-100% 3 $295,000 $98,333 $2,644 4.21%
    Under 20% 814 $33,870,000 $41,609 $2,843 4.91%