Oregonians Credit Union Mortgage Rates, Fees & Info

Milwaukie, OR

LEI: 549300E34W6TNRG7B624

Tax ID: 93-0241933

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Mortgage Data

Review & Overview

Oregonians Credit Union is a smaller credit union specializing in Refi loans. Oregonians Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Portland, Prineville, Bend, Salem, and Klamath Falls 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 above 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.

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SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
Home Equity Line of Credit (HELOC) 6.27% 12/6/24
30 Year Conventional Purchase 6.48% 12/6/24
30 Year Conventional Refi 5.51% 12/6/24
30 Year Cash-out Refi 6.28% 12/6/24
15 Year Conventional Purchase 3.25% 12/6/24
15 Year Conventional Refi 3.46% 12/6/24
15 Year Cash-out Refi 3.46% 12/6/24
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

91

Origination Dollar Volume (All Markets)

$17,275,000

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) 60 $12,730,000 $212,167 $3,007 2.46%
Prineville, OR (FHA|USDA|VA) 13 $2,315,000 $178,077 $2,864 1.94%
Outside of Metro Areas 13 $1,435,000 $110,385 $1,056 1.43%
BEND, OR (FHA|USDA|VA) 2 $390,000 $195,000 $1,875 1.44%
SALEM, OR (FHA|USDA|VA) 2 $330,000 $165,000 $2,728 3.44%
Klamath Falls, OR (FHA|USDA|VA) 1 $75,000 $75,000 $2,870 2.88%
Oregonians Credit Union's top markets include Portland, Prineville, Bend, Salem, and Klamath Falls among others.

Their top states include:
  • Oregon (FHA|USDA|VA)
  • Washington (FHA|USDA|VA)
  • (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.

    CASTPARTS EMPLOYEES
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 91 $17,275,000 $189,835 $2,669 2.25%

    For 2020, Oregonians Credit Union's most frequently originated type of loan was Conventional, with 91 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 59 $12,575,000 $213,136 $3,283 2.42%
    Home Improvement 11 $575,000 $52,273 $269 2.61%
    Other 11 $1,375,000 $125,000 $619 0.00%
    Home Purchase 8 $2,260,000 $282,500 $4,178 3.42%
    Cash Out Refi 2 $490,000 $245,000 $3,982 3.00%

    For 2020, Oregonians Credit Union's most frequently cited loan purpose was Refi, with 59 originations. The 2nd most popular reason was Home Improvement, with 11 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 31 $8,715,000 $281,129 $4,061 3.13%
    15 Year 31 $5,695,000 $183,710 $2,817 1.97%
    10 Year 13 $1,095,000 $84,231 $863 2.11%
    Other 10 $990,000 $99,000 $586 0.00%
    20 Year 3 $485,000 $161,667 $3,363 3.25%
    5 Year 2 $40,000 $20,000 $248 3.50%
    3 Year 1 $255,000 $255,000 $1,338 0.00%

    For 2020, Oregonians Credit Union's most frequently cited loan duration was 30 Year, with 31 originations. The 2nd most popular length was 15 Year, with 31 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 38 $8,540,000 $224,737
    $<1k 32 $2,740,000 $85,625
    $2k-3k 15 $4,075,000 $271,667
    $3k-4k 2 $580,000 $290,000
    $4k-5k 1 $265,000 $265,000
    $5k+ 1 $395,000 $395,000

    Oregonians Credit Union's average total fees were $4,061, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 38 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 38 $8,860,000 $233,158
    <2.5% 30 $3,470,000 $115,667
    3-4% 18 $4,570,000 $253,889
    6-7% 3 $85,000 $28,333
    Over 8% 1 $35,000 $35,000

    During 2020, Oregonians Credit Union's average interest rate for loans was 3.13%, while their most frequently originated rate bucket for loans was 2.5-3%, with 38 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 36 $9,980,000 $277,222 $4,026 2.85%
    $100k-200k 26 $3,490,000 $134,231 $2,349 1.86%
    $100,000 or less 23 $1,275,000 $55,435 $673 1.64%
    $400k-600k 6 $2,530,000 $421,667 $4,027 2.71%

    2020 saw Oregonians Credit Union place emphasis on $200k-400k loans with 36 originations, totaling $9,980,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 28 $6,860,000 $245,000 $3,197 2.25%
    $75k-100k 17 $3,235,000 $190,294 $3,306 3.22%
    $50k-75k 15 $2,105,000 $140,333 $2,301 1.84%
    $150k-250k 13 $3,045,000 $234,231 $2,463 2.16%
    $50k or less 12 $1,480,000 $123,333 $2,481 2.13%
    $250k+ 6 $550,000 $91,667 $344 1.08%

    Oregonians Credit Union lent most frequently to those with incomes in the $100k-150k range, with 28 originations. The second most popular income band? $75k-100k, with 17 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 33 $6,485,000 $196,515 $2,933 2.50%
    <20% 20 $3,110,000 $155,500 $2,043 1.50%
    30-36% 7 $1,665,000 $237,857 $2,940 1.63%
    38% 4 $930,000 $232,500 $2,576 2.22%
    43% 3 $485,000 $161,667 $2,665 1.83%
    42% 3 $625,000 $208,333 $2,844 2.00%
    39% 2 $350,000 $175,000 $2,489 1.44%
    40% 2 $630,000 $315,000 $4,418 2.81%
    41% 2 $370,000 $185,000 $3,548 3.13%
    44% 2 $360,000 $180,000 $2,547 5.25%
    45% 2 $100,000 $50,000 $206 3.25%
    46% 2 $140,000 $70,000 $1,692 1.44%
    50-60% 2 $150,000 $75,000 $561 4.38%
    >60% 1 $275,000 $275,000 $4,769 3.38%
    47% 1 $165,000 $165,000 $3,363 2.88%
    48% 1 $305,000 $305,000 $3,469 2.63%
    Exempt% 1 $255,000 $255,000 $0 0.00%
    36% 1 $395,000 $395,000 $8,643 3.13%
    49% 1 $75,000 $75,000 $464 0.00%
    37% 1 $405,000 $405,000 $3,819 2.63%

    Oregonians Credit Union lent most frequently to those with DTI ratios of 20-30%, with 33 originations. The next most common DTI ratio? <20%, with 20 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 50 $9,000,000 $180,000 $2,456 1.86%
    Not provided 39 $8,155,000 $209,103 $3,056 2.84%
    American Indian 1 $85,000 $85,000 $98 0.00%
    Black 1 $35,000 $35,000 $403 0.00%

    Approval Rates

    Total approvals of all applications
    90.21%

    Oregonians Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    74.73%

    Oregonians Credit Union has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 91 $17,275,000 $189,835

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 91 $17,275,000 $189,835

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 20 $2,290,000 $114,500 $1,411 1.10%
    40-60% 30 $6,690,000 $223,000 $3,575 2.70%
    60-80% 16 $4,710,000 $294,375 $4,359 2.81%
    80-100% 7 $2,375,000 $339,286 $3,835 3.20%
    Under 20% 17 $955,000 $56,176 $535 1.86%