Oregon Community Mortgage Rates, Fees & Info

Eugene, OR

LEI: 549300IEP77RKJ87Z176

Tax ID: 93-0492535

5 stars - out of 5 stars, based on 50 reviews

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

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Mortgage Data

  • SimulatedRates™
  • Review & Overview

    Oregon Community is a smaller mortgage company specializing in 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 23 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Oregon Community has an 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 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.

    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% 3/28/23
    30 Year Conventional Purchase 6.22% 3/28/23
    30 Year Conventional Refi 6.33% 3/28/23
    30 Year Cash-out Refi 6.29% 3/28/23
    30 Year VA Refi 6.27% 3/28/23
    15 Year Conventional Purchase 5.67% 3/28/23
    15 Year Conventional Refi 5.68% 3/28/23
    15 Year Cash-out Refi 5.68% 3/28/23
    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.


    Originations

    2,541

    Origination Dollar Volume (All Markets)

    $393,425,000

    Relative Rate

    Oregon Community's average 30 year fixed mortgage rate was 4.75%.

    The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.

    This yields a difference of -0.01%.

    Relative Fees (Closing Costs)

    Oregon Community's average total fees/closing costs for a 30 year fixed rate mortgage were $4,056.

    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 $4,750.

    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) 1,519 $226,515,000 $149,121 $2,083 4.78%
    PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 426 $71,620,000 $168,122 $2,008 4.86%
    SALEM, OR (FHA|USDA|VA) 296 $42,110,000 $142,264 $1,896 4.83%
    BEND, OR (FHA|USDA|VA) 49 $10,045,000 $205,000 $3,292 4.75%
    ALBANY-LEBANON, OR (FHA|USDA|VA) 85 $9,845,000 $115,824 $1,623 4.67%
    CORVALLIS, OR (FHA|USDA|VA) 35 $6,485,000 $185,286 $1,334 4.88%
    LONGVIEW, WA (FHA|USDA|VA) 2 $6,030,000 $3,015,000 $0 5.50%
    Roseburg, OR (FHA|USDA|VA) 30 $4,390,000 $146,333 $1,908 4.63%
    Outside of Metro Areas 18 $2,190,000 $121,667 $1,577 4.91%
    Newport, OR (FHA|USDA|VA) 16 $2,080,000 $130,000 $1,508 4.43%
    MEDFORD, OR (FHA|USDA|VA) 11 $2,025,000 $184,091 $1,264 4.61%
    SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 1 $1,825,000 $1,825,000 $0 4.50%
    Coos Bay, OR (FHA|USDA|VA) 15 $1,815,000 $121,000 $2,104 5.03%
    Astoria, OR (FHA|USDA|VA) 5 $1,665,000 $333,000 $4,831 4.12%
    Hood River, OR (FHA|USDA|VA) 4 $1,140,000 $285,000 $3,320 5.47%
    SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) 1 $835,000 $835,000 $0 4.25%
    Prineville, OR (FHA|USDA|VA) 7 $765,000 $109,286 $506 4.79%
    GRANTS PASS, OR (FHA|USDA|VA) 4 $620,000 $155,000 $708 4.44%
    Klamath Falls, OR (FHA|USDA|VA) 6 $500,000 $83,333 $780 4.78%
    Hermiston-Pendleton, OR (FHA|USDA|VA) 5 $415,000 $83,000 $578 4.84%
    La Grande, OR (FHA|USDA|VA) 4 $340,000 $85,000 $767 4.75%
    The Dalles, OR (FHA|USDA|VA) 1 $105,000 $105,000 $995 3.25%
    Brookings, OR (FHA|USDA|VA) 1 $65,000 $65,000 $885 4.07%
    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)
  • California (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.

    CASTPARTS EMPLOYEES
    Similarity Rank: 440
    ALL WESTERN MORTGAGE, INC.
    Similarity Rank: 884
    Pacific NW Federal Credit Union
    Similarity Rank: 962
    Bank of the Pacific
    Similarity Rank: 966
    HERITAGE GROVE Federal Credit Union
    Similarity Rank: 1010
    MARION AND POLK SCHOOLS CREDIT UNION
    Similarity Rank: 1088
    CENTRAL WILLAMETTE Credit Union
    Similarity Rank: 1392

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    HELOC 1,300 $113,910,000 $87,623 n/a 5.04%
    Conventional 1,241 $279,515,000 $225,234 $2,012 4.53%

    For 2022, Oregon Community's most frequently originated type of loan was HELOC, with 1,300 originations. Their 2nd most popular type was Conventional, with 1,241 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 1,101 $77,865,000 $70,722 $206 4.97%
    Home Purchase 453 $163,335,000 $360,563 $3,983 4.57%
    Other 412 $33,070,000 $80,267 $449 5.11%
    Refi 398 $68,740,000 $172,714 $1,423 4.69%
    Cash Out Refi 177 $50,415,000 $284,831 $3,438 3.74%

    For 2022, Oregon Community's most frequently cited loan purpose was Home Improvement, with 1,101 originations. The 2nd most popular reason was Home Purchase, with 453 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 1,643 $291,485,000 $177,410 $4,056 4.75%
    15 Year 290 $39,290,000 $135,483 $1,405 4.93%
    10 Year 286 $41,220,000 $144,126 $117 4.44%
    20 Year 197 $15,985,000 $81,142 $483 6.10%
    5 Year 121 $5,285,000 $43,678 $101 3.71%
    Other 4 $160,000 $40,000 $0 3.68%

    For 2022, Oregon Community's most frequently cited loan duration was 30 Year, with 1,643 originations. The 2nd most popular length was 15 Year, with 290 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 906 $140,060,000 $154,592
    $2k-3k 94 $27,610,000 $293,723
    $5k+ 49 $26,495,000 $540,714
    $1k-2k 48 $12,340,000 $257,083
    $4k-5k 46 $25,010,000 $543,696
    $3k-4k 45 $16,275,000 $361,667

    Oregon Community's average total fees were $4,056, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 906 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 1,010 $188,290,000 $186,426
    5-6% 481 $80,075,000 $166,476
    4-5% 393 $48,555,000 $123,550
    6-7% 344 $35,480,000 $103,140
    <2.5% 122 $23,080,000 $189,180
    7-8% 104 $10,220,000 $98,269
    Over 8% 48 $3,090,000 $64,375
    2.5-3% 39 $4,635,000 $118,846

    During 2022, Oregon Community's average interest rate for loans was 4.75%, while their most frequently originated rate bucket for loans was 3-4%, with 1,010 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 1,353 $67,505,000 $49,893 $129 5.06%
    $100k-200k 537 $69,115,000 $128,706 $1,749 4.67%
    $200k-400k 467 $133,225,000 $285,278 $3,484 4.32%
    $400k-600k 114 $53,410,000 $468,509 $3,902 4.46%
    $600k-1MM 63 $45,585,000 $723,571 $6,277 4.09%
    $1MM+ 7 $24,585,000 $3,512,143 $18,762 4.48%

    2022 saw Oregon Community place emphasis on $100,000 or less loans with 1,353 originations, totaling $67,505,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 698 $95,980,000 $137,507 $1,693 4.85%
    $75k-100k 488 $67,120,000 $137,541 $1,953 4.80%
    $150k-250k 478 $88,710,000 $185,586 $2,259 4.78%
    $50k-75k 430 $49,580,000 $115,302 $2,169 4.80%
    $50k or less 236 $20,650,000 $87,500 $1,493 4.73%
    $250k+ 147 $39,235,000 $266,905 $3,972 4.80%

    Oregon Community lent most frequently to those with incomes in the $100k-150k range, with 698 originations. The second most popular income band? $75k-100k, with 488 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 532 $69,530,000 $130,695 $1,499 4.57%
    30-36% 477 $70,985,000 $148,816 $2,130 4.80%
    <20% 205 $26,975,000 $131,585 $1,272 4.49%
    50-60% 172 $15,670,000 $91,105 $471 5.11%
    43% 101 $17,185,000 $170,149 $2,829 5.01%
    39% 97 $13,505,000 $139,227 $2,257 4.95%
    37% 92 $15,140,000 $164,565 $2,202 4.56%
    36% 90 $15,100,000 $167,778 $1,800 4.75%
    40% 89 $14,735,000 $165,562 $2,890 5.04%
    44% 85 $14,555,000 $171,235 $2,564 4.89%
    >60% 83 $7,715,000 $92,952 $207 5.14%
    42% 82 $17,430,000 $212,561 $2,857 5.16%
    38% 81 $12,415,000 $153,272 $1,945 4.97%
    41% 72 $12,830,000 $178,194 $3,185 5.15%
    46% 66 $9,880,000 $149,697 $2,632 4.96%
    45% 59 $9,115,000 $154,492 $2,171 4.87%
    47% 55 $10,995,000 $199,909 $2,721 4.46%
    48% 45 $7,575,000 $168,333 $3,475 4.68%
    49% 40 $6,820,000 $170,500 $2,673 4.64%

    Oregon Community lent most frequently to those with DTI ratios of 20-30%, with 532 originations. The next most common DTI ratio? 30-36%, with 477 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,999 $274,115,000 $137,126 $1,859 4.82%
    Not provided 403 $72,935,000 $180,980 $2,496 4.68%
    Not applicable 16 $23,970,000 $1,498,125 $0 4.12%
    Asian 55 $13,925,000 $253,182 $3,104 4.45%
    American Indian 35 $5,135,000 $146,714 $2,906 5.27%
    Black 18 $2,200,000 $122,222 $364 5.13%
    Native Hawaiian or Islander 9 $515,000 $57,222 $0 4.54%
    Other Pacific Islander 2 $250,000 $125,000 $0 5.25%
    Japanese 1 $105,000 $105,000 $0 4.00%
    Filipino 1 $105,000 $105,000 $0 4.00%
    Korean 1 $95,000 $95,000 $0 7.00%
    Asian Indian 1 $75,000 $75,000 $0 3.09%

    Approval Rates

    Total approvals of all applications
    72.40%

    Oregon Community has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    86.62%

    Oregon Community has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    0.0 2 $80,000 $40,000
    NA 2,539 $393,345,000 $154,921

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    2,541 $393,425,000 $154,831

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 456 $63,950,000 $140,241 $1,305 4.64%
    40-60% 179 $44,295,000 $247,458 $3,468 4.19%
    60-80% 209 $97,145,000 $464,809 $4,053 4.15%
    80-100% 246 $104,070,000 $423,049 $4,072 4.51%
    Under 20% 1,451 $83,965,000 $57,867 $151 5.05%