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: Boise City, Portland, Medford, Salem, and Spokane among others. We have data for 116 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 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.80% | 11/17/24 |
| 30 Year Conventional Refi | 6.67% | 11/17/24 |
| 30 Year Cash-out Refi | 6.91% | 11/17/24 |
| 30 Year FHA Purchase | 7.47% | 11/17/24 |
| 30 Year FHA Refi | 6.90% | 11/17/24 |
| 30 Year VA Purchase | 6.29% | 11/17/24 |
| 30 Year VA Refi | 6.50% | 11/17/24 |
| 30 Year USDA Purchase | 6.63% | 11/17/24 |
| 15 Year Conventional Purchase | 7.36% | 11/17/24 |
| 15 Year Conventional Refi | 6.26% | 11/17/24 |
| 15 Year Cash-out Refi | 6.26% | 11/17/24 |
| 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. | ||
Willamette Valley Bank Mortgage Calculator
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This is not an official calculator from Willamette Valley 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
1,097Origination Dollar Volume (All Markets)
$411,825,000Awards
Willamette Valley Bank - 2023
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For 2023, 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
6.55%.
The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.
This yields a difference of 0.07%.
Relative Fees (Closing Costs)
Willamette Valley Bank's average total fees/closing costs for a 30 year fixed rate
mortgage were $11,791.
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 |
|---|---|---|---|---|---|
| Outside of Metro Areas | 310 | $120,930,000 | $390,097 | $11,071 | 6.56% |
| BOISE CITY, ID (FHA|USDA|VA) | 115 | $41,385,000 | $359,870 | $11,880 | 6.50% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 85 | $38,235,000 | $449,824 | $11,145 | 6.57% |
| MEDFORD, OR (FHA|USDA|VA) | 81 | $28,565,000 | $352,654 | $11,057 | 6.69% |
| SALEM, OR (FHA|USDA|VA) | 53 | $25,585,000 | $482,736 | $12,292 | 6.91% |
| SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) | 62 | $21,180,000 | $341,613 | $9,993 | 5.96% |
| Sandpoint, ID (FHA|USDA|VA) | 59 | $20,535,000 | $348,051 | $11,091 | 6.63% |
| Outside of Metro Areas | 76 | $19,390,000 | $255,132 | $9,016 | 6.86% |
| Roseburg, OR (FHA|USDA|VA) | 11 | $10,985,000 | $998,636 | $8,943 | 6.84% |
| GRANTS PASS, OR (FHA|USDA|VA) | 31 | $10,755,000 | $346,935 | $11,820 | 6.72% |
| BEND, OR (FHA|USDA|VA) | 19 | $8,935,000 | $470,263 | $14,789 | 6.51% |
| EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) | 13 | $4,875,000 | $375,000 | $11,184 | 7.04% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 8 | $4,530,000 | $566,250 | $17,826 | 6.59% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 8 | $3,590,000 | $448,750 | $14,305 | 6.58% |
| LONGVIEW, WA (FHA|USDA|VA) | 6 | $3,020,000 | $503,333 | $17,034 | 5.90% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 4 | $2,940,000 | $735,000 | $21,957 | 7.31% |
| ALBANY-LEBANON, OR (FHA|USDA|VA) | 6 | $2,230,000 | $371,667 | $13,584 | 6.33% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 6 | $2,090,000 | $348,333 | $11,491 | 6.38% |
| Newport, OR (FHA|USDA|VA) | 3 | $1,605,000 | $535,000 | $8,801 | 7.54% |
| Coos Bay, OR (FHA|USDA|VA) | 6 | $1,520,000 | $253,333 | $11,749 | 6.58% |
| IDAHO FALLS, ID (FHA|USDA|VA) | 4 | $1,310,000 | $327,500 | $13,793 | 6.63% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 3 | $1,225,000 | $408,333 | $14,027 | 6.71% |
| Centralia, WA (FHA|USDA|VA) | 4 | $1,140,000 | $285,000 | $12,478 | 4.97% |
| SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) | 2 | $1,120,000 | $560,000 | $12,085 | 6.88% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 3 | $995,000 | $331,667 | $16,873 | 6.71% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 2 | $990,000 | $495,000 | $13,120 | 6.38% |
| Mountain Home, ID (FHA|USDA|VA) | 3 | $955,000 | $318,333 | $17,586 | 6.04% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 2 | $870,000 | $435,000 | $11,505 | 6.88% |
| Klamath Falls, OR (FHA|USDA|VA) | 3 | $845,000 | $281,667 | $10,889 | 6.04% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 2 | $840,000 | $420,000 | $11,972 | 6.31% |
| KENNEWICK-RICHLAND, WA (FHA|USDA|VA) | 2 | $840,000 | $420,000 | $14,855 | 6.06% |
| CORVALLIS, OR (FHA|USDA|VA) | 2 | $780,000 | $390,000 | $17,449 | 6.38% |
| Ellensburg, WA (FHA|USDA|VA) | 1 | $755,000 | $755,000 | $14,817 | 7.88% |
| TWIN FALLS, ID (FHA|USDA|VA) | 3 | $745,000 | $248,333 | $8,450 | 7.63% |
| SANTA FE, NM (FHA|USDA|VA) | 1 | $695,000 | $695,000 | $21,331 | 7.13% |
| MOUNT VERNON-ANACORTES, WA (FHA|USDA|VA) | 1 | $695,000 | $695,000 | $23,861 | 7.50% |
| Kalispell, MT (FHA|USDA|VA) | 1 | $685,000 | $685,000 | $19,989 | 7.00% |
| Gardnerville Ranchos, NV (FHA|USDA|VA) | 1 | $625,000 | $625,000 | $15,535 | 7.13% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 2 | $610,000 | $305,000 | $11,635 | 6.56% |
| ANCHORAGE, AK (FHA|USDA|VA) | 3 | $605,000 | $201,667 | $4,882 | 6.46% |
| CHICO, CA (FHA|USDA|VA) | 1 | $595,000 | $595,000 | $14,467 | 5.88% |
| KAHULUI-WAILUKU-LAHAINA, HI (FHA|USDA|VA) | 1 | $595,000 | $595,000 | $13,162 | 6.25% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 2 | $590,000 | $295,000 | $11,895 | 6.44% |
| LOGAN, UT-ID (FHA|USDA|VA) | 3 | $565,000 | $188,333 | $8,899 | 6.50% |
| Cedar City, UT (FHA|USDA|VA) | 1 | $565,000 | $565,000 | $19,281 | 6.88% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 2 | $550,000 | $275,000 | $8,208 | 7.06% |
| Heber, UT (FHA|USDA|VA) | 1 | $545,000 | $545,000 | $16,311 | 7.88% |
| BILLINGS, MT (FHA|USDA|VA) | 1 | $515,000 | $515,000 | $9,321 | 6.38% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 1 | $515,000 | $515,000 | $9,511 | 6.00% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 2 | $510,000 | $255,000 | $16,159 | 6.75% |
| BOWLING GREEN, KY (FHA|USDA|VA) | 2 | $490,000 | $245,000 | $9,910 | 6.69% |
| Statesboro, GA (FHA|USDA|VA) | 2 | $470,000 | $235,000 | $7,001 | 6.44% |
| Ontario, OR-ID (FHA|USDA|VA) | 2 | $450,000 | $225,000 | $9,448 | 6.50% |
| SAVANNAH, GA (FHA|USDA|VA) | 1 | $435,000 | $435,000 | $12,852 | 6.63% |
| OGDEN-CLEARFIELD, UT (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $19,895 | 5.75% |
| FARGO, ND-MN (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $9,223 | 6.50% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $16,083 | 6.00% |
| STOCKTON, CA (FHA|USDA|VA) | 2 | $380,000 | $190,000 | $12,516 | 6.75% |
| Prineville, OR (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $7,759 | 6.38% |
| Paducah, KY-IL (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $15,122 | 7.50% |
| Helena, MT (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $18,890 | 6.13% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $13,668 | 6.25% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 3 | $375,000 | $125,000 | $9,090 | 7.13% |
| Payson, AZ (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $7,968 | 6.38% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $10,181 | 6.63% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $14,722 | 7.00% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $15,450 | 6.25% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $15,246 | 6.25% |
| TUCSON, AZ (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $17,217 | 6.25% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $8,228 | 6.50% |
| THE VILLAGES, FL (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $10,368 | 6.25% |
| TULSA, OK (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $15,200 | 6.25% |
| Aberdeen, WA (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $13,903 | 6.75% |
| FORT WAYNE, IN (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $5,290 | 7.00% |
| RICHMOND, VA (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $13,178 | 6.63% |
| KNOXVILLE, TN (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $3,878 | 7.38% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $10,101 | 7.13% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $7,902 | 7.13% |
| LEXINGTON-FAYETTE, KY (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $11,677 | 5.63% |
| CASPER, WY (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $631 | 7.25% |
| LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $6,243 | 6.63% |
| Madison, IN (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $10,229 | 6.25% |
| MADERA, CA (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $10,925 | 6.25% |
| ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $4,598 | 6.38% |
| HOMOSASSA SPRINGS, FL (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $6,253 | 7.13% |
| POCATELLO, ID (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $537 | 6.38% |
| JACKSON, MS (FHA|USDA|VA) | 4 | $210,000 | $52,500 | $4,015 | 7.63% |
| GREAT FALLS, MT (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 7.63% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $7,787 | 5.88% |
| KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $2,022 | 6.25% |
| WHEELING, WV-OH (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $3,947 | 7.63% |
| MIDLAND, MI (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $10,538 | 5.75% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $10,352 | 6.25% |
| OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $12,192 | 7.00% |
| Escanaba, MI (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $690 | 6.63% |
| RAPID CITY, SD (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $13,555 | 6.13% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $5,957 | 5.88% |
| Moses Lake, WA (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $10,873 | 6.75% |
| JOHNSON CITY, TN (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $9,589 | 6.63% |
| MOBILE, AL (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $9,375 | 5.75% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $8,787 | 6.75% |
| COLUMBIA, SC (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $10,022 | 6.75% |
| SIOUX FALLS, SD (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 6.00% |
| PITTSBURGH, PA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $9,544 | 5.75% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $9,427 | 6.25% |
| Hermiston-Pendleton, OR (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $8,692 | 6.50% |
| North Vernon, IN (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $7,066 | 7.25% |
| FLAGSTAFF, AZ (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $6,650 | 7.38% |
| SPRINGFIELD, MO (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $7,373 | 6.50% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 6.63% |
| JACKSONVILLE, NC (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $3,410 | 6.38% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $4,573 | 6.13% |
| Wisconsin Rapids-Marshfield, WI (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $3,215 | 7.50% |
| Van Wert, OH (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $6,552 | 6.25% |
| SEBRING-AVON PARK, FL (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $6,944 | 6.13% |
| FORT SMITH, AR-OK (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $2,990 | 7.00% |
Similar Lenders
We use machine learning to identify the top lenders compared against Willamette Valley Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
For 2023, Willamette Valley Bank's most frequently originated type of loan was Conventional, with 744 originations. Their 2nd most popular type was FHA, with 243 originations.
Loan Reason
For 2023, Willamette Valley Bank's most frequently cited loan purpose was Home Purchase, with 929 originations. The 2nd most popular reason was Cash Out Refi, with 132 originations.
Loan Duration/Length
For 2023, Willamette Valley Bank's most frequently cited loan duration was 30 Year, with 1,017 originations. The 2nd most popular length was 15 Year, with 52 originations.
Origination Fees/Closing Costs
Willamette Valley Bank's average total fees were $11,791, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 767 originations.
Interest Rates
During 2023, Willamette Valley Bank's average interest rate for loans was 6.55%, while their most frequently originated rate bucket for loans was 6-7%, with 597 originations.
Loan Sizing
2023 saw Willamette Valley Bank place emphasis on $200k-400k loans with 519 originations, totaling $159,425,000 in origination value.
Applicant Income
Willamette Valley Bank lent most frequently to those with incomes in the $100k-150k range, with 322 originations. The second most popular income band? $75k-100k, with 233 originations.
Applicant Debt to Income Ratio
Willamette Valley Bank lent most frequently to those with DTI ratios of 50-60%, with 165 originations. The next most common DTI ratio? 30-36%, with 139 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications91.50%
Willamette Valley Bank has an average approval rate.
Pick Rate
Approvals leading to origination60.07%
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 | 1,097 | $411,825,000 | $375,410 |