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 Refi loans. Selco Community has a high proportion of conventional loans. Their top markets by origination volume include: Eugene, Bend, Salem, Albany, and Portland among others. We have data for 15 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% 4/22/24
    30 Year Conventional Purchase 5.56% 4/22/24
    30 Year Conventional Refi 6.01% 4/22/24
    30 Year Cash-out Refi 6.27% 4/22/24
    15 Year Conventional Purchase 5.40% 4/22/24
    15 Year Conventional Refi 5.84% 4/22/24
    15 Year Cash-out Refi 5.84% 4/22/24
    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

    1,146

    Origination Dollar Volume (All Markets)

    $145,490,000

    Awards

    SELCO COMMUNITY 30 Year Conventional Loans gold SELCO COMMUNITY 30 Year Conventional Loans gold
    Show all (2) 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) 634 $75,940,000 $119,779 $3,000 3.76%
    BEND, OR (FHA|USDA|VA) 294 $39,560,000 $134,558 $3,229 3.80%
    SALEM, OR (FHA|USDA|VA) 51 $8,695,000 $170,490 $3,460 3.89%
    ALBANY-LEBANON, OR (FHA|USDA|VA) 52 $6,980,000 $134,231 $3,232 3.82%
    PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 59 $6,835,000 $115,847 $3,745 3.91%
    Prineville, OR (FHA|USDA|VA) 14 $1,990,000 $142,143 $3,436 4.01%
    MEDFORD, OR (FHA|USDA|VA) 5 $1,405,000 $281,000 $3,793 3.48%
    CORVALLIS, OR (FHA|USDA|VA) 10 $1,000,000 $100,000 $3,292 3.98%
    Outside of Metro Areas 11 $865,000 $78,636 $3,585 3.95%
    Roseburg, OR (FHA|USDA|VA) 2 $740,000 $370,000 $3,680 3.38%
    Klamath Falls, OR (FHA|USDA|VA) 5 $485,000 $97,000 $2,985 4.15%
    LONGVIEW, WA (FHA|USDA|VA) 2 $480,000 $240,000 $0 3.50%
    Newport, OR (FHA|USDA|VA) 3 $225,000 $75,000 $3,387 3.67%
    Hermiston-Pendleton, OR (FHA|USDA|VA) 2 $180,000 $90,000 $0 4.00%
    GRANTS PASS, OR (FHA|USDA|VA) 2 $110,000 $55,000 $0 5.00%
    Selco Community's top markets include Eugene, Bend, Salem, Albany, 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 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: 434
    CASTPARTS EMPLOYEES
    Similarity Rank: 524
    OREGONIANS CREDIT UNION
    Similarity Rank: 948
    U S WIDE FINANCIAL LLC
    Similarity Rank: 988
    Pacific NW Federal Credit Union
    Similarity Rank: 1344
    SELCO COMMUNITY
    Similarity Rank: 1530
    Yakima Federal Savings and Loan Association
    Similarity Rank: 1565
    Wauna Federal Credit Union
    Similarity Rank: 1644
    COAST 2 COAST FUNDING GROUP, INC.
    Similarity Rank: 1653
    INROADS
    Similarity Rank: 1680

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    HELOC 732 $46,390,000 $63,374 n/a 4.13%
    Conventional 414 $99,100,000 $239,372 $3,129 3.19%

    For 2020, Selco Community's most frequently originated type of loan was HELOC, with 732 originations. Their 2nd most popular type was Conventional, with 414 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 396 $87,460,000 $220,859 $3,109 3.19%
    Home Improvement 394 $23,900,000 $60,660 $0 4.13%
    Other 297 $17,235,000 $58,030 $0 4.16%
    Home Purchase 56 $16,160,000 $288,571 $3,451 3.69%
    Cash Out Refi 3 $735,000 $245,000 $0 3.98%

    For 2020, Selco Community's most frequently cited loan purpose was Refi, with 396 originations. The 2nd most popular reason was Home Improvement, with 394 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 972 $99,100,000 $101,955 $3,168 3.94%
    15 Year 126 $27,330,000 $216,905 $3,062 2.87%
    20 Year 33 $7,635,000 $231,364 $3,079 3.07%
    10 Year 10 $8,850,000 $885,000 $3,349 3.66%
    Other 5 $2,575,000 $515,000 $3,352 3.29%

    For 2020, Selco Community's most frequently cited loan duration was 30 Year, with 972 originations. The 2nd most popular length was 15 Year, with 126 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 280 $63,600,000 $227,143
    $1k-2k 87 $18,455,000 $212,126
    $2k-3k 6 $1,480,000 $246,667
    $3k-4k 3 $745,000 $248,333
    $5k+ 3 $875,000 $291,667
    $4k-5k 2 $740,000 $370,000

    Selco Community's average total fees were $3,168, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 280 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 662 $85,480,000 $129,124
    4-5% 270 $16,410,000 $60,778
    2.5-3% 174 $38,730,000 $222,586
    <2.5% 20 $4,110,000 $205,500
    Over 8% 9 $295,000 $32,778
    5-6% 6 $340,000 $56,667
    7-8% 4 $110,000 $27,500
    6-7% 1 $15,000 $15,000

    During 2020, Selco Community's average interest rate for loans was 3.94%, while their most frequently originated rate bucket for loans was 3-4%, with 662 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 657 $33,645,000 $51,210 $2,472 4.14%
    $100k-200k 246 $34,650,000 $140,854 $2,803 3.44%
    $200k-400k 218 $57,640,000 $264,404 $3,338 3.21%
    $400k-600k 19 $9,005,000 $473,947 $4,170 3.13%
    $1MM+ 6 $10,550,000 $1,758,333 $0 3.68%

    2020 saw Selco Community place emphasis on $100,000 or less loans with 657 originations, totaling $33,645,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 303 $38,785,000 $128,003 $3,293 3.79%
    $50k-75k 283 $31,585,000 $111,608 $2,958 3.76%
    $75k-100k 231 $27,675,000 $119,805 $3,192 3.76%
    $150k-250k 137 $16,755,000 $122,299 $3,357 3.84%
    $50k or less 132 $11,540,000 $87,424 $2,750 3.90%
    $250k+ 40 $6,470,000 $161,750 $4,113 3.71%

    Selco Community lent most frequently to those with incomes in the $100k-150k range, with 303 originations. The second most popular income band? $50k-75k, with 283 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 319 $38,155,000 $119,608 $3,082 3.71%
    30-36% 223 $28,175,000 $126,345 $3,132 3.77%
    <20% 155 $17,705,000 $114,226 $3,117 3.72%
    36% 48 $6,590,000 $137,292 $3,393 3.77%
    38% 46 $5,960,000 $129,565 $2,928 3.67%
    42% 43 $6,215,000 $144,535 $3,206 3.92%
    44% 42 $5,090,000 $121,190 $3,829 3.84%
    50-60% 40 $2,550,000 $63,750 $0 4.09%
    39% 35 $4,225,000 $120,714 $3,182 3.84%
    37% 34 $4,380,000 $128,824 $3,015 3.70%
    40% 32 $4,790,000 $149,688 $2,961 3.66%
    41% 28 $2,820,000 $100,714 $2,990 3.85%
    43% 23 $2,175,000 $94,565 $3,202 4.35%
    48% 15 $1,035,000 $69,000 $0 4.22%
    47% 13 $835,000 $64,231 $0 4.17%
    46% 12 $710,000 $59,167 $0 3.98%
    45% 10 $840,000 $84,000 $2,440 4.29%
    49% 7 $295,000 $42,143 $0 4.14%
    >60% 7 $565,000 $80,714 $0 4.00%

    Selco Community lent most frequently to those with DTI ratios of 20-30%, with 319 originations. The next most common DTI ratio? 30-36%, with 223 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,074 $128,270,000 $119,432 $3,129 3.79%
    Not applicable 10 $10,330,000 $1,033,000 $0 3.80%
    American Indian 17 $2,585,000 $152,059 $3,618 3.82%
    Asian 15 $2,035,000 $135,667 $2,959 3.72%
    Not provided 21 $1,405,000 $66,905 $0 3.88%
    Black 6 $700,000 $116,667 $2,753 3.27%
    Native Hawaiian or Islander 2 $110,000 $55,000 $0 4.50%
    Asian Indian 1 $55,000 $55,000 $0 3.75%

    Approval Rates

    Total approvals of all applications
    78.17%

    Selco Community has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    76.27%

    Selco Community has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    0.0 19 $825,000 $43,421
    NA 1,127 $144,665,000 $128,363

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 9 $11,305,000 $1,256,111
    Single Family (1-4 Units):Manufactured 12 $940,000 $78,333
    Single Family (1-4 Units):Site-Built 1,125 $133,245,000 $118,440

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 251 $31,375,000 $125,000 $2,917 3.74%
    40-60% 191 $47,305,000 $247,670 $3,105 3.21%
    60-80% 132 $35,550,000 $269,318 $3,328 3.27%
    80-100% 4 $2,310,000 $577,500 $3,608 3.50%
    Under 20% 568 $28,950,000 $50,968 $2,712 4.13%