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 and Refi loans. Selco Community has a high proportion of conventional loans. Their top markets by origination volume include: Eugene, Bend, Salem, Portland, and Albany 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

    1,232

    Origination Dollar Volume (All Markets)

    $121,670,000
    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) 613 $59,635,000 $97,284 $3,167 4.97%
    BEND, OR (FHA|USDA|VA) 372 $40,230,000 $108,145 $3,535 4.90%
    SALEM, OR (FHA|USDA|VA) 69 $6,655,000 $96,449 $3,629 5.16%
    PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 67 $5,785,000 $86,343 $3,011 5.20%
    ALBANY-LEBANON, OR (FHA|USDA|VA) 49 $2,815,000 $57,449 $3,023 5.58%
    Outside of Metro Areas 23 $1,395,000 $60,652 $3,298 5.86%
    The Dalles, OR (FHA|USDA|VA) 1 $1,275,000 $1,275,000 $0 4.95%
    CORVALLIS, OR (FHA|USDA|VA) 10 $1,140,000 $114,000 $3,209 4.92%
    Prineville, OR (FHA|USDA|VA) 11 $1,115,000 $101,364 $5,042 4.88%
    MEDFORD, OR (FHA|USDA|VA) 3 $605,000 $201,667 $4,083 4.38%
    Klamath Falls, OR (FHA|USDA|VA) 3 $315,000 $105,000 $0 6.70%
    Ontario, OR-ID (FHA|USDA|VA) 2 $300,000 $150,000 $4,967 4.43%
    Roseburg, OR (FHA|USDA|VA) 4 $190,000 $47,500 $0 5.25%
    Coos Bay, OR (FHA|USDA|VA) 2 $100,000 $50,000 $0 5.13%
    Astoria, OR (FHA|USDA|VA) 1 $55,000 $55,000 $0 5.25%
    Newport, OR (FHA|USDA|VA) 1 $45,000 $45,000 $0 6.25%
    GRANTS PASS, OR (FHA|USDA|VA) 1 $15,000 $15,000 $0 5.00%
    Selco Community's top markets include Eugene, Bend, Salem, Portland, and Albany 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.

    SELCO COMMUNITY
    Similarity Rank: 340
    Yakima Federal Savings and Loan Association
    Similarity Rank: 414
    INROADS
    Similarity Rank: 549
    iQ Credit Union
    Similarity Rank: 851
    Clackamas Federal Credit Union
    Similarity Rank: 918
    OREGONIANS CREDIT UNION
    Similarity Rank: 948
    CASTPARTS EMPLOYEES
    Similarity Rank: 1170
    Consolidated Federal Credit Union
    Similarity Rank: 1220
    First Federal
    Similarity Rank: 1240
    FLAT BRANCH MORTGAGE, INC.
    Similarity Rank: 1518

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    HELOC 942 $53,930,000 $57,251 n/a 5.34%
    Conventional 290 $67,740,000 $233,586 $3,338 3.98%

    For 2019, Selco Community's most frequently originated type of loan was HELOC, with 942 originations. Their 2nd most popular type was Conventional, with 290 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 478 $27,090,000 $56,674 $0 5.26%
    Other 415 $21,415,000 $51,602 $0 5.45%
    Refi 234 $53,490,000 $228,590 $3,276 3.91%
    Home Purchase 101 $17,455,000 $172,822 $3,644 4.68%
    Cash Out Refi 4 $2,220,000 $555,000 $0 4.31%

    For 2019, Selco Community's most frequently cited loan purpose was Home Improvement, with 478 originations. The 2nd most popular reason was Other, with 415 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 1,148 $100,450,000 $87,500 $3,386 5.11%
    15 Year 65 $14,915,000 $229,462 $3,221 3.66%
    10 Year 10 $4,810,000 $481,000 $0 4.70%
    20 Year 7 $1,145,000 $163,571 $2,931 3.93%
    5 Year 1 $55,000 $55,000 $0 4.50%
    Other 1 $295,000 $295,000 $0 4.50%

    For 2019, Selco Community's most frequently cited loan duration was 30 Year, with 1,148 originations. The 2nd most popular length was 15 Year, with 65 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 145 $34,935,000 $240,931
    $1k-2k 92 $19,160,000 $208,261
    $2k-3k 8 $2,320,000 $290,000
    $3k-4k 2 $610,000 $305,000
    $4k-5k 2 $800,000 $400,000
    $5k+ 1 $775,000 $775,000

    Selco Community's average total fees were $3,386, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 145 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 668 $38,120,000 $57,066
    4-5% 306 $31,870,000 $104,150
    3-4% 204 $49,450,000 $242,402
    Over 8% 34 $990,000 $29,118
    6-7% 11 $565,000 $51,364
    7-8% 7 $205,000 $29,286
    2.5-3% 2 $470,000 $235,000

    During 2019, Selco Community's average interest rate for loans was 5.11%, while their most frequently originated rate bucket for loans was 5-6%, with 668 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 849 $38,895,000 $45,813 $2,631 5.36%
    $100k-200k 219 $29,935,000 $136,689 $2,936 4.45%
    $200k-400k 138 $37,260,000 $270,000 $3,460 4.02%
    $400k-600k 21 $9,815,000 $467,381 $4,428 3.77%
    $1MM+ 3 $4,365,000 $1,455,000 $0 4.65%
    $600k-1MM 2 $1,400,000 $700,000 $16,823 4.75%

    2019 saw Selco Community place emphasis on $100,000 or less loans with 849 originations, totaling $38,895,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 316 $33,520,000 $106,076 $3,512 5.03%
    $50k-75k 294 $24,380,000 $82,925 $3,169 5.03%
    $75k-100k 279 $23,705,000 $84,964 $3,317 5.04%
    $50k or less 146 $11,030,000 $75,548 $2,834 4.93%
    $150k-250k 138 $15,290,000 $110,797 $3,790 5.11%
    $250k+ 29 $6,265,000 $216,034 $6,805 4.96%

    Selco Community lent most frequently to those with incomes in the $100k-150k range, with 316 originations. The second most popular income band? $50k-75k, with 294 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 318 $30,620,000 $96,289 $3,320 4.96%
    30-36% 233 $23,425,000 $100,536 $3,537 4.96%
    <20% 139 $13,315,000 $95,791 $3,115 4.95%
    42% 69 $8,625,000 $125,000 $3,130 4.86%
    39% 52 $4,860,000 $93,462 $3,285 5.14%
    37% 48 $3,620,000 $75,417 $3,086 5.05%
    50-60% 42 $4,130,000 $98,333 $16,823 5.09%
    36% 42 $3,900,000 $92,857 $3,276 5.33%
    41% 39 $3,605,000 $92,436 $3,002 5.17%
    38% 36 $3,340,000 $92,778 $2,939 4.97%
    40% 35 $3,925,000 $112,143 $3,434 5.09%
    44% 31 $2,245,000 $72,419 $3,526 5.15%
    43% 29 $2,085,000 $71,897 $3,170 5.17%
    45% 23 $1,395,000 $60,652 $0 5.70%
    46% 22 $1,080,000 $49,091 $0 5.15%
    47% 17 $815,000 $47,941 $0 5.22%
    49% 17 $1,265,000 $74,412 $0 5.15%
    48% 15 $785,000 $52,333 $0 5.23%
    >60% 2 $190,000 $95,000 $0 4.75%

    Selco Community lent most frequently to those with DTI ratios of 20-30%, with 318 originations. The next most common DTI ratio? 30-36%, with 233 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,157 $110,305,000 $95,337 $3,342 5.01%
    Not applicable 20 $6,660,000 $333,000 $0 4.63%
    Asian 20 $2,650,000 $132,500 $3,108 4.60%
    American Indian 12 $910,000 $75,833 $3,253 6.15%
    Not provided 14 $580,000 $41,429 $4,573 5.32%
    Black 5 $295,000 $59,000 $2,817 5.65%
    Native Hawaiian or Islander 3 $185,000 $61,667 $0 5.25%
    Japanese 1 $85,000 $85,000 $0 5.25%

    Approval Rates

    Total approvals of all applications
    74.36%

    Selco Community has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    78.98%

    Selco Community has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    0.0 17 $695,000 $40,882
    NA 1,215 $120,975,000 $99,568

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Manufactured 2 $830,000 $415,000
    Multifamily:Site-Built 3 $4,365,000 $1,455,000
    Single Family (1-4 Units):Manufactured 9 $465,000 $51,667
    Single Family (1-4 Units):Site-Built 1,218 $116,010,000 $95,246

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 239 $25,565,000 $106,967 $3,126 4.92%
    40-60% 126 $28,640,000 $227,302 $3,306 4.11%
    60-80% 124 $33,870,000 $273,145 $3,468 3.97%
    80-100% 3 $865,000 $288,333 $3,036 4.29%
    Over 100% 1 $155,000 $155,000 $0 4.99%
    Under 20% 739 $32,575,000 $44,080 $2,951 5.39%