Willamette Valley Bank Mortgage Rates, Fees & Info
Salem, ORLEI: 549300GS6ONO04ORI292
Tax ID: 93-1277376
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Mortgage Data
Review & Overview
Willamette Valley Bank is a smaller bank specializing in Home Purchase loans. Willamette Valley Bank has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Medford, Sandpoint, Portland, Salem, and Spokane among others. We have data for 89 markets. (Some data included below & more in-depth data is available with an active subscription.)Willamette Valley 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. Willamette Valley Bank is typically a high 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 |
|---|---|---|
| 30 Year Conventional Purchase | 7.02% | 4/5/25 |
| 30 Year Conventional Refi | 6.74% | 4/5/25 |
| 30 Year Cash-out Refi | 7.01% | 4/5/25 |
| 30 Year FHA Purchase | 7.17% | 4/5/25 |
| 30 Year FHA Refi | 6.83% | 4/5/25 |
| 30 Year VA Purchase | 6.38% | 4/5/25 |
| 30 Year VA Refi | 6.19% | 4/5/25 |
| 30 Year USDA Purchase | 7.25% | 4/5/25 |
| 15 Year Conventional Purchase | 8.54% | 4/5/25 |
| 15 Year Conventional Refi | 6.30% | 4/5/25 |
| 15 Year Cash-out Refi | 6.30% | 4/5/25 |
| 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. | ||
Willamette Valley Bank Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
744Origination Dollar Volume (All Markets)
$289,030,000Awards
Willamette Valley Bank - 2024
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For 2024, less than of lenders were eligible for this award.
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Relative Rate
Willamette Valley Bank's average 30 year fixed mortgage rate was
6.51%.
The 2024 average 30 year fixed rate mortgage across all markets and lenders was 6.55%.
This yields a difference of -0.04%.
Relative Fees (Closing Costs)
Willamette Valley Bank's average total fees/closing costs for a 30 year fixed rate
mortgage were $11,285.
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 $8,356.
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 |
|---|---|---|---|---|---|
| Outside of Metro Areas | 269 | $108,825,000 | $404,554 | $11,057 | 6.72% |
| MEDFORD, OR (FHA|USDA|VA) | 90 | $33,210,000 | $369,000 | $11,436 | 6.45% |
| Sandpoint, ID (FHA|USDA|VA) | 49 | $18,265,000 | $372,755 | $9,326 | 6.83% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 39 | $18,265,000 | $468,333 | $11,869 | 6.62% |
| SALEM, OR (FHA|USDA|VA) | 32 | $17,970,000 | $561,563 | $10,334 | 6.66% |
| Outside of Metro Areas | 58 | $17,510,000 | $301,897 | $9,587 | 6.80% |
| SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) | 41 | $12,655,000 | $308,659 | $9,907 | 5.91% |
| BOISE CITY, ID (FHA|USDA|VA) | 41 | $12,495,000 | $304,756 | $11,084 | 6.14% |
| ALBANY-LEBANON, OR (FHA|USDA|VA) | 5 | $10,425,000 | $2,085,000 | $9,971 | 6.75% |
| EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) | 7 | $2,365,000 | $337,857 | $8,514 | 6.54% |
| BEND, OR (FHA|USDA|VA) | 4 | $2,330,000 | $582,500 | $14,360 | 6.78% |
| GRANTS PASS, OR (FHA|USDA|VA) | 6 | $2,090,000 | $348,333 | $8,465 | 6.54% |
| KENNEWICK-RICHLAND, WA (FHA|USDA|VA) | 3 | $1,465,000 | $488,333 | $15,299 | 6.38% |
| OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) | 3 | $1,155,000 | $385,000 | $10,849 | 4.79% |
| Coos Bay, OR (FHA|USDA|VA) | 4 | $1,020,000 | $255,000 | $8,775 | 7.13% |
| Roseburg, OR (FHA|USDA|VA) | 3 | $1,015,000 | $338,333 | $9,286 | 6.33% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 3 | $975,000 | $325,000 | $9,572 | 6.00% |
| Lebanon, NH-VT (FHA|USDA|VA) | 1 | $925,000 | $925,000 | $8,742 | 6.75% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 3 | $915,000 | $305,000 | $12,458 | 7.08% |
| CORVALLIS, OR (FHA|USDA|VA) | 2 | $900,000 | $450,000 | $10,881 | 7.13% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 3 | $865,000 | $288,333 | $9,512 | 6.58% |
| Kalispell, MT (FHA|USDA|VA) | 1 | $795,000 | $795,000 | $13,431 | 6.13% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 2 | $790,000 | $395,000 | $14,032 | 6.50% |
| SALT LAKE CITY, UT (FHA|USDA|VA) | 1 | $785,000 | $785,000 | $29,560 | 6.25% |
| CEDAR RAPIDS, IA (FHA|USDA|VA) | 2 | $780,000 | $390,000 | $3,886 | 6.63% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 1 | $755,000 | $755,000 | $15,733 | 7.50% |
| Shelton, WA (FHA|USDA|VA) | 2 | $740,000 | $370,000 | $7,650 | 6.63% |
| Ontario, OR-ID (FHA|USDA|VA) | 2 | $660,000 | $330,000 | $9,658 | 6.63% |
| MANHATTAN, KS (FHA|USDA|VA) | 1 | $645,000 | $645,000 | $9,658 | 7.00% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 1 | $645,000 | $645,000 | $1,643 | 6.25% |
| PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) | 1 | $625,000 | $625,000 | $8,708 | 7.13% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 2 | $570,000 | $285,000 | $8,224 | 6.69% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 1 | $535,000 | $535,000 | $13,690 | 6.63% |
| Steamboat Springs, CO (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $11,101 | 6.75% |
| ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) | 1 | $485,000 | $485,000 | $17,005 | 6.50% |
| Moscow, ID (FHA|USDA|VA) | 1 | $485,000 | $485,000 | $12,647 | 6.63% |
| Hermiston-Pendleton, OR (FHA|USDA|VA) | 1 | $475,000 | $475,000 | $11,255 | 7.00% |
| Centralia, WA (FHA|USDA|VA) | 2 | $470,000 | $235,000 | $7,226 | 7.00% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $20,858 | 5.25% |
| LONGVIEW, WA (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $16,374 | 6.75% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $13,720 | 6.25% |
| Klamath Falls, OR (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $8,013 | 6.13% |
| GREAT FALLS, MT (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $7,074 | 7.00% |
| Newport, OR (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $9,804 | 4.75% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $9,672 | 6.63% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $7,075 | 7.00% |
| Mountain Home, ID (FHA|USDA|VA) | 2 | $320,000 | $160,000 | $5,546 | 6.75% |
| Fallon, NV (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $14,488 | 6.13% |
| TUCSON, AZ (FHA|USDA|VA) | 2 | $310,000 | $155,000 | $4,867 | 7.63% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $10,540 | 6.63% |
| Warsaw, IN (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $17,273 | 7.25% |
| YAKIMA, WA (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $13,833 | 7.25% |
| RENO, NV (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $18,125 | 6.75% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $16,724 | 6.50% |
| TULSA, OK (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $12,798 | 5.75% |
| Toccoa, GA (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $13,506 | 6.63% |
| Salina, KS (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $12,195 | 6.25% |
| MONROE, LA (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $13,523 | 7.75% |
| JOHNSON CITY, TN (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $6,771 | 6.75% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $13,534 | 6.25% |
| KALAMAZOO-PORTAGE, MI (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $11,644 | 7.13% |
| YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $12,331 | 6.75% |
| Aberdeen, SD (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $8,288 | 6.63% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $5,647 | 6.63% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $16,618 | 5.88% |
| RICHMOND, VA (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $9,131 | 6.75% |
| Brookings, OR (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $6,625 | 6.38% |
| FARGO, ND-MN (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $13,991 | 6.13% |
| Elk City, OK (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $11,112 | 6.63% |
| Elko, NV (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $5,637 | 6.88% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $7,043 | 7.13% |
| YUMA, AZ (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $9,939 | 6.63% |
| ST. GEORGE, UT (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $5,832 | 6.13% |
| LEWISTON, ID-WA (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $5,471 | 5.88% |
| DAYTON-KETTERING, OH (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $15,088 | 6.25% |
| TWIN FALLS, ID (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $5,130 | 6.75% |
| Menomonie, WI (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $8,331 | 6.38% |
| LaGrange, GA-AL (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $10,730 | 7.25% |
| LAS CRUCES, NM (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $7,431 | 6.38% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $10,487 | 6.13% |
| JACKSON, MS (FHA|USDA|VA) | 2 | $150,000 | $75,000 | $4,097 | 7.44% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 2 | $150,000 | $75,000 | $3,692 | 7.38% |
| Shelbyville, TN (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $6,704 | 6.13% |
| Pullman, WA (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $3,655 | 6.13% |
| EAST STROUDSBURG, PA (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $6,083 | 6.63% |
| AMES, IA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $4,919 | 6.38% |
| YORK-HANOVER, PA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $5,517 | 6.63% |
| LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $4,931 | 7.13% |
| PITTSBURGH, PA (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $6,132 | 7.75% |
Similar Lenders
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Product Mix
For 2024, Willamette Valley Bank's most frequently originated type of loan was Conventional, with 476 originations. Their 2nd most popular type was FHA, with 199 originations.
Loan Reason
For 2024, Willamette Valley Bank's most frequently cited loan purpose was Home Purchase, with 614 originations. The 2nd most popular reason was Cash Out Refi, with 75 originations.
Loan Duration/Length
For 2024, Willamette Valley Bank's most frequently cited loan duration was 30 Year, with 687 originations. The 2nd most popular length was 15 Year, with 44 originations.
Origination Fees/Closing Costs
Willamette Valley Bank's average total fees were $11,285, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 482 originations.
Interest Rates
During 2024, Willamette Valley Bank's average interest rate for loans was 6.51%, while their most frequently originated rate bucket for loans was 6-7%, with 462 originations.
Loan Sizing
2024 saw Willamette Valley Bank place emphasis on $200k-400k loans with 351 originations, totaling $109,695,000 in origination value.
Applicant Income
Willamette Valley Bank lent most frequently to those with incomes in the $100k-150k range, with 217 originations. The second most popular income band? $75k-100k, with 172 originations.
Applicant Debt to Income Ratio
Willamette Valley Bank lent most frequently to those with DTI ratios of 50-60%, with 132 originations. The next most common DTI ratio? 30-36%, with 82 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications94.04%
Willamette Valley Bank has an average approval rate.
Pick Rate
Approvals leading to origination68.15%
Willamette Valley Bank has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 744 | $289,030,000 | $388,481 |