Oregon Community Mortgage Rates, Fees & Info

Eugene, OR

LEI: 549300IEP77RKJ87Z176

Tax ID: 93-0492535

4.2 stars - out of 5 stars, based on 55 reviews

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

Oregon Community is a smaller mortgage company specializing in Refi, Cash Out Refi, and Home Purchase loans. Oregon Community has a high proportion of conventional loans. Their top markets include Eugene, Portland, Salem, Bend, and Albany among others. Oregon Community has an average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. Oregon Community is typically an average fee lendor.


Originations

3,063

Origination Dollar Volume (All Markets)

$584,065,000

Relative Rate

Oregon Community's average 30 year fixed rate mortgage of loans were 3.42%.

The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.

This yields a difference of 0.27%.

Relative Fees

Oregon Community's average total fees for a 30 year fixed rate mortgage are $4,694.

The average total origination fees for 30 year fixed rate mortgages (for all loan values, including both points & up-front fees in addition to origination fees) are $4,750.

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) 2,052 $378,800,000 $184,600 $3,403 3.25%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 398 $85,070,000 $213,744 $3,830 3.57%
SALEM, OR (FHA|USDA|VA) 294 $46,850,000 $159,354 $2,908 3.44%
BEND, OR (FHA|USDA|VA) 72 $18,650,000 $259,028 $4,530 3.24%
ALBANY-LEBANON, OR (FHA|USDA|VA) 80 $15,440,000 $193,000 $3,950 3.40%
CORVALLIS, OR (FHA|USDA|VA) 35 $8,965,000 $256,143 $3,470 3.24%
Roseburg, OR (FHA|USDA|VA) 23 $5,645,000 $245,435 $3,839 3.52%
Coos Bay, OR (FHA|USDA|VA) 10 $4,760,000 $476,000 $5,335 3.26%
Klamath Falls, OR (FHA|USDA|VA) 12 $4,580,000 $381,667 $4,089 3.31%
MEDFORD, OR (FHA|USDA|VA) 16 $3,330,000 $208,125 $3,409 3.86%
Newport, OR (FHA|USDA|VA) 23 $3,245,000 $141,087 $2,734 3.21%
Outside of Metro Areas 15 $2,295,000 $153,000 $3,864 3.42%
Hermiston-Pendleton, OR (FHA|USDA|VA) 7 $2,135,000 $305,000 $4,072 3.31%
GRANTS PASS, OR (FHA|USDA|VA) 8 $1,610,000 $201,250 $2,978 3.25%
Prineville, OR (FHA|USDA|VA) 7 $905,000 $129,286 $2,784 3.16%
La Grande, OR (FHA|USDA|VA) 3 $475,000 $158,333 $2,526 3.41%
Astoria, OR (FHA|USDA|VA) 3 $455,000 $151,667 $2,648 2.91%
Brookings, OR (FHA|USDA|VA) 1 $405,000 $405,000 $5,141 3.00%
The Dalles, OR (FHA|USDA|VA) 2 $280,000 $140,000 $2,305 3.55%
Hood River, OR (FHA|USDA|VA) 1 $95,000 $95,000 $0 1.99%
WICHITA FALLS, TX (FHA|USDA|VA) 1 $75,000 $75,000 $0 3.95%

Oregon Community's top markets include Eugene, Portland, Salem, Bend, and Albany among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 3,063 $584,065,000 $190,684 $3,451 3.32%

For the 2021 period, Oregon Community's most frequently originated loan type of loans were Conventional, with 3,063 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Home Improvement 787 $51,185,000 $65,038 $215 3.83%
Refi 758 $156,300,000 $206,201 $3,325 2.94%
Cash Out Refi 680 $173,680,000 $255,412 $4,058 2.93%
Home Purchase 514 $177,220,000 $344,786 $4,930 3.26%
Other 324 $25,680,000 $79,259 $854 3.90%

For the 2021, Oregon Community's most frequently cited loan purpose of loans were Home Improvement, with 787 originations. The 2nd most popular reason of loans were Refi, with 758 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 1,950 $402,420,000 $206,369 $4,694 3.42%
15 Year 666 $119,200,000 $178,979 $2,600 3.07%
20 Year 217 $30,235,000 $139,332 $2,204 3.62%
10 Year 156 $27,670,000 $177,372 $75 3.04%
5 Year 71 $4,425,000 $62,324 $74 2.62%
Other 3 $115,000 $38,333 $0 3.17%

For the 2021, Oregon Community's most frequently cited loan length of loans were 30 Year, with 1,950 originations. The 2nd most popular length of loans were 15 Year, with 666 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$<1k 595 $85,825,000 $144,244
$2k-3k 593 $172,765,000 $291,341
$1k-2k 430 $69,440,000 $161,488
$3k-4k 228 $101,790,000 $446,447
$5k+ 42 $22,040,000 $524,762

$4,694 of loans were Oregon Community's average total fees, while their most frequently occuring range of origination fees were in the $<1k bucket, with 595 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
3-4% 1,365 $241,315,000 $176,788
2.5-3% 832 $214,770,000 $258,137
<2.5% 583 $96,045,000 $164,743
5-6% 131 $8,675,000 $66,221
4-5% 122 $21,720,000 $178,033
7-8% 14 $800,000 $57,143
6-7% 13 $695,000 $53,462
Over 8% 3 $45,000 $15,000

During 2021, Oregon Community's average interest rate of loans were 3.42%, while their most frequently originated rate bucket of loans were 3-4%, with 1,365 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$100,000 or less 1,049 $55,165,000 $52,588 $569 3.75%
$200k-400k 974 $271,870,000 $279,127 $4,183 3.03%
$100k-200k 785 $111,055,000 $141,471 $2,818 3.19%
$400k-600k 191 $89,885,000 $470,602 $5,687 3.04%
$600k-1MM 50 $36,180,000 $723,600 $7,737 2.95%
$1MM+ 14 $19,910,000 $1,422,143 $12,913 3.69%

2021 saw Oregon Community place emphasis on $100,000 or less loans with 1,049 originations, totaling $55,165,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$100k-150k 768 $147,020,000 $191,432 $3,633 3.42%
$50k-75k 686 $114,280,000 $166,589 $3,296 3.23%
$75k-100k 565 $101,455,000 $179,566 $3,448 3.28%
$150k-250k 468 $100,600,000 $214,957 $3,861 3.38%
$50k or less 328 $40,550,000 $123,628 $2,987 3.14%
$250k+ 131 $35,905,000 $274,084 $4,279 3.47%

Oregon Community lent most frequently to those with incomes in the $100k-150k range, with 768 originations. The second most popular income band? $50k-75k, with 686 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
20-30% 743 $135,945,000 $182,968 $3,317 3.17%
30-36% 605 $112,065,000 $185,231 $3,623 3.40%
<20% 309 $50,985,000 $165,000 $2,892 3.12%
39% 119 $25,645,000 $215,504 $3,671 3.38%
42% 118 $23,740,000 $201,186 $3,786 3.40%
41% 109 $24,125,000 $221,330 $3,712 3.31%
38% 109 $20,745,000 $190,321 $3,734 3.22%
43% 108 $22,930,000 $212,315 $3,688 3.41%
36% 103 $19,685,000 $191,117 $3,627 3.45%
50-60% 94 $7,430,000 $79,043 $879 3.72%
37% 87 $16,815,000 $193,276 $3,487 3.48%
40% 85 $18,165,000 $213,706 $3,674 3.45%
44% 82 $16,700,000 $203,659 $3,761 3.43%
>60% 73 $6,815,000 $93,356 $708 3.57%
45% 65 $12,305,000 $189,308 $3,721 3.31%
47% 63 $11,555,000 $183,413 $3,450 3.37%
46% 63 $13,125,000 $208,333 $4,147 3.40%
49% 51 $10,135,000 $198,725 $3,756 3.25%
48% 50 $10,310,000 $206,200 $3,968 3.09%

Oregon Community lent most frequently to those with DTI ratios of 20-30%, with 743 originations. The next most common DTI ratio? 30-36%, with 605 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 2,572 $476,050,000 $185,089 $3,491 3.31%
Not provided 344 $62,540,000 $181,802 $3,126 3.32%
Not applicable 24 $23,200,000 $966,667 $0 3.90%
Asian 57 $12,155,000 $213,246 $3,556 3.27%
American Indian 24 $3,860,000 $160,833 $3,608 3.37%
Black 28 $3,820,000 $136,429 $2,804 3.46%
Native Hawaiian 10 $2,070,000 $207,000 $4,837 3.95%
Filipino 2 $210,000 $105,000 $0 4.99%
Guamanian 1 $105,000 $105,000 $0 3.99%
Other Asian 1 $55,000 $55,000 $0 2.66%

Approval Rates

Total approvals of all applications
78.65%

Oregon Community has a below average approval rate.

Pick Rate

Approvals leading to origination
80.08%

Oregon Community has a below average pick rate.

Points and Fees

Points Originations Total Value Average Loan
NA 3,063 $584,065,000 $190,684

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
3,063 $584,065,000 $190,684

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 504 $66,490,000 $131,925 $2,446 3.27%
40-60% 520 $116,710,000 $224,442 $3,466 2.79%
60-80% 627 $205,435,000 $327,648 $4,581 3.04%
80-100% 360 $135,050,000 $375,139 $5,032 3.22%
Under 20% 1,052 $60,380,000 $57,395 $305 3.81%