Oregon Community Bank Mortgage Rates, Fees & Info

Oregon, WI

LEI: 549300CS1XP28EERR469

Tax ID: 39-1229545

5 stars - Updated: 7/20/24 - out of 5 stars, based on 13 reviews

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

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Mortgage Data

Review & Overview

Oregon Community Bank is a smaller bank specializing in Home Purchase loans. Oregon Community Bank has a high proportion of conventional loans. Their top markets by origination volume include: Madison, Milwaukee, Janesville, Escanaba, and Tampa among others. We have data for 13 markets. (Some data included below & more in-depth data is available with an active subscription.)

Oregon Community Bank 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 Community Bank 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 relatively high 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
30 Year Conventional Purchase 6.27% 7/20/24
30 Year Conventional Refi 6.39% 7/20/24
30 Year Cash-out Refi 6.15% 7/20/24
15 Year Conventional Purchase 5.87% 7/20/24
15 Year Conventional Refi 5.95% 7/20/24
15 Year Cash-out Refi 5.95% 7/20/24
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.

Oregon Community Bank Mortgage Calculator






Your Estimates

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

This is not an official calculator from Oregon Community Bank. 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

166

Origination Dollar Volume (All Markets)

$60,590,000

Awards

Oregon Community Bank 30 Year Conventional Loans bronze Oregon Community Bank 30 Year Conventional Loans silver
Show all (2) awards

Relative Rate

Oregon Community Bank's average 30 year fixed mortgage rate was 7.01%.

The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

This yields a difference of 0.53%.

Relative Fees (Closing Costs)

Oregon Community Bank's average total fees/closing costs for a 30 year fixed rate mortgage were $2,793.

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 $9,089.

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
MADISON, WI (FHA|USDA|VA) 122 $49,340,000 $404,426 $2,536 7.32%
Outside of Metro Areas 16 $4,040,000 $252,500 $2,539 7.60%
MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 8 $2,810,000 $351,250 $2,917 7.13%
JANESVILLE-BELOIT, WI (FHA|USDA|VA) 8 $1,510,000 $188,750 $5,874 7.43%
Escanaba, MI (FHA|USDA|VA) 1 $675,000 $675,000 $3,769 7.13%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 1 $555,000 $555,000 $0 8.00%
Watertown-Fort Atkinson, WI (FHA|USDA|VA) 2 $410,000 $205,000 $0 8.00%
Platteville, WI (FHA|USDA|VA) 2 $330,000 $165,000 $0 8.65%
Wisconsin Rapids-Marshfield, WI (FHA|USDA|VA) 2 $280,000 $140,000 $2,792 7.69%
APPLETON, WI (FHA|USDA|VA) 1 $185,000 $185,000 $2,912 6.75%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 1 $165,000 $165,000 $0 8.95%
ST. CLOUD, MN (FHA|USDA|VA) 1 $145,000 $145,000 $0 8.15%
Baraboo, WI (FHA|USDA|VA) 1 $145,000 $145,000 $0 7.95%
Oregon Community Bank's top markets include Madison, Milwaukee, Janesville, Escanaba, and Tampa among others.

Their top states include:
  • Wisconsin (FHA|USDA|VA)
  • Michigan (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Arizona (FHA|USDA|VA)
  • Minnesota (FHA|USDA|VA)
  • Similar Lenders

    We use machine learning to identify the top lenders compared against Oregon Community Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    EDUCATORS CREDIT UNION
    Similarity Rank: 50
    First Community Credit Union
    Similarity Rank: 136
    Starion Bank
    Similarity Rank: 147
    Heartland Credit Union (Madison)
    Similarity Rank: 270
    Bank of Sun Prairie
    Similarity Rank: 270
    Mound City Bank
    Similarity Rank: 286
    Blackhawk Community Credit Union
    Similarity Rank: 350
    PremierBank
    Similarity Rank: 377
    The Park Bank
    Similarity Rank: 396
    Settlers Bank
    Similarity Rank: 490

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 166 $60,590,000 $365,000 $2,640 7.39%

    For 2023, Oregon Community Bank's most frequently originated type of loan was Conventional, with 166 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 134 $52,680,000 $393,134 $2,789 7.35%
    Cash Out Refi 21 $3,975,000 $189,286 $1,803 7.71%
    Refi 11 $3,935,000 $357,727 $1,907 7.27%

    For 2023, Oregon Community Bank's most frequently cited loan purpose was Home Purchase, with 134 originations. The 2nd most popular reason was Cash Out Refi, with 21 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 80 $28,730,000 $359,125 $2,793 7.01%
    5 Year 34 $11,230,000 $330,294 $466 7.78%
    3 Year 22 $11,190,000 $508,636 $0 7.89%
    Other 14 $5,760,000 $411,429 $488 7.50%
    15 Year 9 $1,245,000 $138,333 $1,772 7.25%
    1 Year 4 $1,220,000 $305,000 $0 8.86%
    20 Year 2 $120,000 $60,000 $2,614 7.56%
    10 Year 1 $1,095,000 $1,095,000 $0 7.24%

    For 2023, Oregon Community Bank's most frequently cited loan duration was 30 Year, with 80 originations. The 2nd most popular length was 5 Year, with 34 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 81 $27,175,000 $335,494
    $1k-2k 6 $950,000 $158,333
    $2k-3k 3 $715,000 $238,333
    $5k+ 2 $820,000 $410,000
    $4k-5k 1 $485,000 $485,000

    Oregon Community Bank's average total fees were $2,793, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 81 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    7-8% 84 $30,120,000 $358,571
    6-7% 49 $17,155,000 $350,102
    Over 8% 27 $12,035,000 $445,741
    4-5% 3 $845,000 $281,667
    5-6% 3 $435,000 $145,000

    During 2023, Oregon Community Bank's average interest rate for loans was 7.01%, while their most frequently originated rate bucket for loans was 7-8%, with 84 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 44 $6,580,000 $149,545 $2,732 7.36%
    $200k-400k 43 $12,875,000 $299,419 $2,891 7.23%
    $400k-600k 28 $13,990,000 $499,643 $2,441 7.25%
    $100,000 or less 27 $1,585,000 $58,704 $1,888 7.44%
    $600k-1MM 15 $10,055,000 $670,333 $3,283 7.88%
    $1MM+ 9 $15,505,000 $1,722,778 $3,445 7.77%

    2023 saw Oregon Community Bank place emphasis on $100k-200k loans with 44 originations, totaling $6,580,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 27 $9,625,000 $356,481 $2,816 7.28%
    $100k-150k 21 $6,735,000 $320,714 $2,670 6.75%
    $250k+ 18 $8,870,000 $492,778 $2,438 7.41%
    $50k-75k 18 $3,260,000 $181,111 $2,738 6.92%
    $75k-100k 15 $2,845,000 $189,667 $2,506 7.13%
    $50k or less 6 $640,000 $106,667 $1,606 7.05%

    Oregon Community Bank lent most frequently to those with incomes in the $150k-250k range, with 27 originations. The second most popular income band? $100k-150k, with 21 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 15 $4,215,000 $281,000 $2,553 6.90%
    30-36% 12 $2,570,000 $214,167 $3,098 6.75%
    37% 6 $1,980,000 $330,000 $2,518 7.40%
    <20% 6 $1,290,000 $215,000 $2,293 7.00%
    36% 6 $2,070,000 $345,000 $2,817 7.38%
    43% 6 $1,910,000 $318,333 $2,660 6.58%
    >60% 6 $2,800,000 $466,667 $2,363 6.93%
    50-60% 5 $1,585,000 $317,000 $1,856 7.40%
    40% 4 $750,000 $187,500 $3,006 7.34%
    47% 4 $1,340,000 $335,000 $2,236 7.09%
    48% 4 $1,770,000 $442,500 $1,699 7.50%
    38% 4 $1,070,000 $267,500 $2,330 6.91%
    49% 3 $1,155,000 $385,000 $2,379 6.96%
    41% 3 $715,000 $238,333 $2,602 6.75%
    42% 3 $585,000 $195,000 $2,783 6.38%
    44% 3 $2,435,000 $811,667 $3,248 6.83%
    39% 2 $1,430,000 $715,000 $2,930 7.69%
    45% 1 $475,000 $475,000 $8,903 7.88%

    Oregon Community Bank lent most frequently to those with DTI ratios of 20-30%, with 15 originations. The next most common DTI ratio? 30-36%, with 12 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 59 $27,955,000 $473,814 $0 7.92%
    White 87 $26,345,000 $302,816 $2,796 7.12%
    Not provided 16 $5,150,000 $321,875 $2,101 6.97%
    Black 3 $675,000 $225,000 $1,961 6.96%
    Asian 1 $465,000 $465,000 $1,251 7.88%

    Approval Rates

    Total approvals of all applications
    94.12%

    Oregon Community Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    79.52%

    Oregon Community Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 166 $60,590,000 $365,000

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    166 $60,590,000 $365,000

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 11 $2,005,000 $182,273 $2,177 7.10%
    40-60% 25 $7,455,000 $298,200 $2,152 7.30%
    60-80% 59 $21,985,000 $372,627 $3,260 7.50%
    80-100% 58 $26,520,000 $457,241 $2,702 7.34%
    Under 20% 13 $2,625,000 $201,923 $1,126 7.54%