Selco Community Mortgage Rates, Fees & Info
Eugene, ORLEI: 5493003WLEYGXGNTI654
Tax ID: 93-0163693
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Mortgage Data
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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
---|---|---|
Home Equity Line of Credit (HELOC) | 6.09% | 9/1/24 |
30 Year Conventional Purchase | 5.56% | 9/1/24 |
30 Year Conventional Refi | 6.01% | 9/1/24 |
30 Year Cash-out Refi | 6.27% | 9/1/24 |
15 Year Conventional Purchase | 5.40% | 9/1/24 |
15 Year Conventional Refi | 5.84% | 9/1/24 |
15 Year Cash-out Refi | 5.84% | 9/1/24 |
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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
1,146Origination Dollar Volume (All Markets)
$145,490,000SELCO COMMUNITY - 2020
SELCO COMMUNITY is a 2020 , due to their low .
For 2020, less than of lenders were eligible for this award.
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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% |
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.
Similarity Rank: 434
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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
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
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
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
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
2020 saw Selco Community place emphasis on $100,000 or less loans with 657 originations, totaling $33,645,000 in origination value.
Applicant Income
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
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
Approval Rates
Total approvals of all applications78.17%
Selco Community has a below average approval rate.
Pick Rate
Approvals leading to origination76.27%
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 |