Oregonians Credit Union Mortgage Rates, Fees & Info

Milwaukie, OR

LEI: 549300E34W6TNRG7B624

Tax ID: 93-0241933

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

    Oregonians Credit Union is a smaller credit union specializing in Refi and Home Purchase loans. Oregonians Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Portland, Prineville, Salem, Bend, and La Grande among others. We have data for 6 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Oregonians Credit Union 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. Oregonians Credit Union 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) 6.27% 12/16/24
    30 Year Conventional Purchase 6.48% 12/16/24
    30 Year Conventional Refi 5.51% 12/16/24
    30 Year Cash-out Refi 6.28% 12/16/24
    15 Year Conventional Purchase 3.25% 12/16/24
    15 Year Conventional Refi 3.46% 12/16/24
    15 Year Cash-out Refi 3.46% 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.

    Oregonians Credit Union Mortgage Calculator






    Your Estimates

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

    This is not an official calculator from Oregonians Credit Union. 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

    90

    Origination Dollar Volume (All Markets)

    $16,240,000

    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
    PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 68 $13,820,000 $203,235 $3,008 2.62%
    Outside of Metro Areas 10 $890,000 $89,000 $743 1.11%
    Prineville, OR (FHA|USDA|VA) 6 $810,000 $135,000 $2,614 2.35%
    SALEM, OR (FHA|USDA|VA) 2 $340,000 $170,000 $2,334 1.69%
    BEND, OR (FHA|USDA|VA) 3 $265,000 $88,333 $2,189 2.13%
    La Grande, OR (FHA|USDA|VA) 1 $115,000 $115,000 $3,295 3.50%
    Oregonians Credit Union's top markets include Portland, Prineville, Salem, Bend, and La Grande 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 OREGONIANS CREDIT UNION based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    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
    FIRST COMMUNITY
    Similarity Rank: 1464
    FLAT BRANCH MORTGAGE, INC.
    Similarity Rank: 1518

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 90 $16,240,000 $180,444 $2,684 2.41%

    For 2019, Oregonians Credit Union's most frequently originated type of loan was Conventional, with 90 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 42 $8,900,000 $211,905 $3,830 3.32%
    Home Improvement 19 $1,685,000 $88,684 $434 1.03%
    Home Purchase 14 $3,750,000 $267,857 $4,347 3.65%
    Other 13 $1,685,000 $129,615 $613 0.00%
    Cash Out Refi 2 $220,000 $110,000 $2,952 3.25%

    For 2019, Oregonians Credit Union's most frequently cited loan purpose was Refi, with 42 originations. The 2nd most popular reason was Home Improvement, with 19 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 35 $8,715,000 $249,000 $4,531 4.05%
    10 Year 18 $2,210,000 $122,778 $707 0.54%
    15 Year 16 $2,580,000 $161,250 $2,791 2.34%
    Other 10 $420,000 $42,000 $269 0.65%
    3 Year 5 $1,005,000 $201,000 $1,048 0.00%
    20 Year 4 $1,100,000 $275,000 $5,211 3.63%
    5 Year 2 $210,000 $105,000 $236 3.25%

    For 2019, Oregonians Credit Union's most frequently cited loan duration was 30 Year, with 35 originations. The 2nd most popular length was 10 Year, with 18 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 39 $4,195,000 $107,564
    $1k-2k 24 $4,690,000 $195,417
    $2k-3k 12 $3,150,000 $262,500
    $3k-4k 9 $2,145,000 $238,333
    $5k+ 3 $1,065,000 $355,000
    $4k-5k 1 $445,000 $445,000

    Oregonians Credit Union's average total fees were $4,531, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 39 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    <2.5% 35 $3,995,000 $114,143
    3-4% 25 $6,585,000 $263,400
    4-5% 18 $4,170,000 $231,667
    2.5-3% 9 $1,405,000 $156,111
    6-7% 3 $85,000 $28,333

    During 2019, Oregonians Credit Union's average interest rate for loans was 4.05%, while their most frequently originated rate bucket for loans was <2.5%, with 35 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 37 $9,835,000 $265,811 $3,995 3.12%
    $100k-200k 27 $3,955,000 $146,481 $2,319 2.25%
    $100,000 or less 23 $1,105,000 $48,043 $599 1.25%
    $400k-600k 3 $1,345,000 $448,333 $6,652 3.83%

    2019 saw Oregonians Credit Union place emphasis on $200k-400k loans with 37 originations, totaling $9,835,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 21 $3,855,000 $183,571 $3,167 2.85%
    $100k-150k 20 $3,590,000 $179,500 $2,775 1.82%
    $75k-100k 19 $3,125,000 $164,474 $2,267 3.15%
    $150k-250k 18 $3,800,000 $211,111 $2,281 1.29%
    $50k or less 10 $1,480,000 $148,000 $3,367 3.73%
    $250k+ 2 $390,000 $195,000 $895 0.00%

    Oregonians Credit Union lent most frequently to those with incomes in the $50k-75k range, with 21 originations. The second most popular income band? $100k-150k, with 20 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 26 $5,210,000 $200,385 $3,184 2.38%
    30-36% 18 $3,060,000 $170,000 $2,052 2.15%
    <20% 18 $3,300,000 $183,333 $3,236 2.58%
    39% 4 $490,000 $122,500 $291 0.91%
    41% 3 $605,000 $201,667 $2,959 2.54%
    48% 3 $475,000 $158,333 $1,953 3.33%
    37% 2 $520,000 $260,000 $4,003 4.31%
    40% 2 $530,000 $265,000 $4,873 4.13%
    49% 2 $230,000 $115,000 $1,878 2.13%
    50-60% 2 $200,000 $100,000 $779 0.00%
    38% 2 $260,000 $130,000 $1,981 5.38%
    45% 2 $280,000 $140,000 $2,859 1.94%
    >60% 2 $190,000 $95,000 $276 0.00%
    36% 1 $415,000 $415,000 $4,901 4.38%
    42% 1 $255,000 $255,000 $4,618 3.75%
    47% 1 $15,000 $15,000 $248 0.00%

    Oregonians Credit Union lent most frequently to those with DTI ratios of 20-30%, with 26 originations. The next most common DTI ratio? 30-36%, with 18 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 71 $13,715,000 $193,169 $2,937 2.60%
    Not provided 13 $1,615,000 $124,231 $1,612 1.60%
    Black 3 $635,000 $211,667 $2,840 2.75%
    Asian 2 $210,000 $105,000 $581 0.00%
    American Indian 1 $65,000 $65,000 $2,863 3.38%

    Approval Rates

    Total approvals of all applications
    89.39%

    Oregonians Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    76.67%

    Oregonians Credit Union has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 90 $16,240,000 $180,444

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 90 $16,240,000 $180,444

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 19 $2,745,000 $144,474 $1,688 1.34%
    40-60% 22 $4,390,000 $199,545 $3,046 3.09%
    60-80% 21 $5,615,000 $267,381 $4,883 3.69%
    80-100% 6 $2,170,000 $361,667 $5,848 3.88%
    Under 20% 22 $1,320,000 $60,000 $379 1.02%