Oregon Community Mortgage Rates, Fees & Info

Eugene, OR

LEI: 549300IEP77RKJ87Z176

Tax ID: 93-0492535

2.9 stars - Updated: 4/14/24 - out of 5 stars, based on 39 reviews

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

Review & Overview

Oregon Community is a smaller mortgage company specializing in Home Improvement and Home Purchase loans. Oregon Community has a high proportion of conventional loans. Their top markets by origination volume include: Eugene, Portland, Salem, Bend, and Albany among others. We have data for 19 markets. (Some data included below & more in-depth data is available with an active subscription.)

Oregon Community has a below average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Oregon Community is typically an average 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.

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% 4/14/24
30 Year Conventional Purchase 6.22% 4/14/24
30 Year Conventional Refi 6.33% 4/14/24
30 Year Cash-out Refi 6.29% 4/14/24
30 Year VA Refi 6.27% 4/14/24
15 Year Conventional Purchase 5.67% 4/14/24
15 Year Conventional Refi 5.68% 4/14/24
15 Year Cash-out Refi 5.68% 4/14/24
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.

Oregon Community Mortgage Calculator






Your Estimates

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

This is not an official calculator from Oregon Community. 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

1,499

Origination Dollar Volume (All Markets)

$161,235,000

Awards

OREGON COMMUNITY 30 Year Conventional Loans silver OREGON COMMUNITY 30 Year Conventional Loans silver
Show all (2) awards

Relative Rate

Oregon Community's average 30 year fixed mortgage rate was 8.14%.

The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

This yields a difference of 1.66%.

Relative Fees (Closing Costs)

Oregon Community's average total fees/closing costs for a 30 year fixed rate mortgage were $6,197.

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
EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) 933 $95,505,000 $102,363 $1,818 8.17%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 181 $21,045,000 $116,271 $1,717 8.44%
SALEM, OR (FHA|USDA|VA) 179 $18,415,000 $102,877 $1,746 8.14%
BEND, OR (FHA|USDA|VA) 58 $9,250,000 $159,483 $4,171 8.04%
ALBANY-LEBANON, OR (FHA|USDA|VA) 42 $4,780,000 $113,810 $2,822 8.38%
Outside of Metro Areas 20 $3,590,000 $179,500 $3,945 7.49%
CORVALLIS, OR (FHA|USDA|VA) 22 $2,160,000 $98,182 $832 8.00%
Roseburg, OR (FHA|USDA|VA) 19 $1,935,000 $101,842 $1,625 8.56%
Newport, OR (FHA|USDA|VA) 8 $1,410,000 $176,250 $2,730 7.77%
MEDFORD, OR (FHA|USDA|VA) 8 $800,000 $100,000 $951 8.56%
Prineville, OR (FHA|USDA|VA) 5 $735,000 $147,000 $3,297 7.53%
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 1 $545,000 $545,000 $6,594 6.63%
Klamath Falls, OR (FHA|USDA|VA) 7 $415,000 $59,286 $1,077 8.35%
Coos Bay, OR (FHA|USDA|VA) 5 $225,000 $45,000 $130 8.57%
GRANTS PASS, OR (FHA|USDA|VA) 4 $180,000 $45,000 $100 8.77%
Hermiston-Pendleton, OR (FHA|USDA|VA) 3 $105,000 $35,000 $83 8.81%
The Dalles, OR (FHA|USDA|VA) 1 $55,000 $55,000 $0 8.25%
Ontario, OR-ID (FHA|USDA|VA) 1 $45,000 $45,000 $0 9.00%
Astoria, OR (FHA|USDA|VA) 2 $40,000 $20,000 $0 7.56%
Oregon Community's top markets include Eugene, Portland, Salem, Bend, and Albany 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 OREGON COMMUNITY based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    SELCO COMMUNITY
    Similarity Rank: 198
    INROADS
    Similarity Rank: 238
    ROGUE
    Similarity Rank: 450
    Clackamas Federal Credit Union
    Similarity Rank: 776
    COLUMBIA COMMUNITY CREDIT UNION
    Similarity Rank: 988
    FIBRE FEDERAL CREDIT UNION
    Similarity Rank: 1281
    ADVANTIS
    Similarity Rank: 1288

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    HELOC 886 $76,680,000 $86,546 n/a 8.48%
    Conventional 613 $84,555,000 $137,936 $1,918 7.77%

    For 2023, Oregon Community's most frequently originated type of loan was HELOC, with 886 originations. Their 2nd most popular type was Conventional, with 613 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 677 $47,005,000 $69,431 $195 8.32%
    Other 356 $22,590,000 $63,455 $250 8.37%
    Refi 260 $27,410,000 $105,423 $648 8.51%
    Home Purchase 190 $60,730,000 $319,632 $5,835 7.07%
    Cash Out Refi 16 $3,500,000 $218,750 $5,740 6.83%

    For 2023, Oregon Community's most frequently cited loan purpose was Home Improvement, with 677 originations. The 2nd most popular reason was Other, with 356 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 1,000 $131,230,000 $131,230 $6,197 8.14%
    10 Year 165 $9,025,000 $54,697 $158 7.64%
    15 Year 139 $9,555,000 $68,741 $504 9.15%
    20 Year 122 $8,780,000 $71,967 $327 8.98%
    5 Year 68 $2,420,000 $35,588 $81 7.16%
    Other 5 $225,000 $45,000 $0 4.84%

    For 2023, Oregon Community's most frequently cited loan duration was 30 Year, with 1,000 originations. The 2nd most popular length was 10 Year, with 165 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 413 $24,845,000 $60,157
    $2k-3k 67 $20,215,000 $301,716
    $5k+ 32 $13,850,000 $432,813
    $3k-4k 31 $10,915,000 $352,097
    $4k-5k 20 $9,530,000 $476,500
    $1k-2k 18 $2,570,000 $142,778

    Oregon Community's average total fees were $6,197, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 413 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    Over 8% 825 $65,985,000 $79,982
    7-8% 421 $51,195,000 $121,603
    6-7% 226 $37,760,000 $167,080
    5-6% 24 $6,140,000 $255,833
    2.5-3% 1 $45,000 $45,000
    4-5% 1 $35,000 $35,000
    3-4% 1 $75,000 $75,000

    During 2023, Oregon Community's average interest rate for loans was 8.14%, while their most frequently originated rate bucket for loans was Over 8%, with 825 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 968 $47,000,000 $48,554 $193 8.35%
    $100k-200k 306 $37,900,000 $123,856 $1,510 8.35%
    $200k-400k 177 $50,685,000 $286,356 $5,362 7.38%
    $400k-600k 37 $17,695,000 $478,243 $7,628 6.91%
    $600k-1MM 11 $7,955,000 $723,182 $9,627 6.94%

    2023 saw Oregon Community place emphasis on $100,000 or less loans with 968 originations, totaling $47,000,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 431 $46,115,000 $106,995 $1,920 8.21%
    $150k-250k 312 $40,030,000 $128,301 $2,195 8.17%
    $75k-100k 278 $27,220,000 $97,914 $1,747 8.24%
    $50k-75k 226 $16,920,000 $74,867 $1,401 8.24%
    $50k or less 115 $7,665,000 $66,652 $1,474 8.07%
    $250k+ 103 $17,145,000 $166,456 $2,631 8.19%

    Oregon Community lent most frequently to those with incomes in the $100k-150k range, with 431 originations. The second most popular income band? $150k-250k, with 312 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 324 $31,020,000 $95,741 $1,569 8.17%
    30-36% 278 $28,310,000 $101,835 $2,007 8.16%
    <20% 120 $10,940,000 $91,167 $1,120 7.97%
    50-60% 113 $8,755,000 $77,478 $234 8.28%
    44% 77 $10,565,000 $137,208 $2,263 8.30%
    40% 55 $6,925,000 $125,909 $1,942 8.10%
    39% 55 $6,485,000 $117,909 $2,148 8.36%
    41% 54 $5,670,000 $105,000 $2,310 8.30%
    >60% 50 $5,970,000 $119,400 $1,037 8.07%
    43% 45 $6,045,000 $134,333 $2,127 8.43%
    45% 44 $4,840,000 $110,000 $1,340 8.33%
    36% 44 $6,060,000 $137,727 $2,515 8.25%
    37% 41 $5,225,000 $127,439 $3,257 8.07%
    38% 37 $4,825,000 $130,405 $3,430 8.29%
    47% 36 $3,400,000 $94,444 $2,020 8.23%
    42% 36 $2,400,000 $66,667 $662 8.57%
    48% 33 $4,985,000 $151,061 $3,372 8.03%
    49% 30 $5,110,000 $170,333 $4,310 7.90%
    46% 26 $3,400,000 $130,769 $2,305 8.20%

    Oregon Community lent most frequently to those with DTI ratios of 20-30%, with 324 originations. The next most common DTI ratio? 30-36%, with 278 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,230 $129,380,000 $105,187 $1,840 8.20%
    Not provided 187 $20,925,000 $111,898 $2,120 8.09%
    Asian 36 $5,450,000 $151,389 $2,610 8.13%
    American Indian 27 $3,325,000 $123,148 $2,100 8.45%
    Black 9 $1,295,000 $143,889 $3,486 7.73%
    Native Hawaiian or Islander 8 $420,000 $52,500 $0 8.97%
    Not applicable 1 $305,000 $305,000 $0 6.25%
    Korean 1 $135,000 $135,000 $0 9.00%

    Approval Rates

    Total approvals of all applications
    66.11%

    Oregon Community has a low approval rate. They may have poor market targeting or stringent lending standards.

    Pick Rate

    Approvals leading to origination
    84.72%

    Oregon Community has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 1,499 $161,235,000 $107,562

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    1,499 $161,235,000 $107,562

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 277 $37,385,000 $134,964 $1,277 8.33%
    40-60% 51 $11,705,000 $229,510 $5,236 7.48%
    60-80% 63 $19,655,000 $311,984 $5,965 7.09%
    80-100% 90 $36,970,000 $410,778 $6,537 6.97%
    Under 20% 1,018 $55,520,000 $54,538 $151 8.37%