Oregon Community Mortgage Rates, Fees & Info
Eugene, ORLEI: 549300IEP77RKJ87Z176
Tax ID: 93-0492535
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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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 6.27% | 4/19/24 |
| 30 Year Conventional Purchase | 6.22% | 4/19/24 |
| 30 Year Conventional Refi | 6.33% | 4/19/24 |
| 30 Year Cash-out Refi | 6.29% | 4/19/24 |
| 30 Year VA Refi | 6.27% | 4/19/24 |
| 15 Year Conventional Purchase | 5.67% | 4/19/24 |
| 15 Year Conventional Refi | 5.68% | 4/19/24 |
| 15 Year Cash-out Refi | 5.68% | 4/19/24 |
| 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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
1,499Origination Dollar Volume (All Markets)
$161,235,000Awards
OREGON COMMUNITY - 2023
OREGON COMMUNITY is a 2023 , due to their low .
For 2023, less than of lenders were eligible for this award.
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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% |
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.
Similarity Rank: 198
Similarity Rank: 225
Similarity Rank: 238
Similarity Rank: 295
Similarity Rank: 450
Similarity Rank: 627
Similarity Rank: 776
Similarity Rank: 988
Similarity Rank: 1281
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
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
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
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
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
2023 saw Oregon Community place emphasis on $100,000 or less loans with 968 originations, totaling $47,000,000 in origination value.
Applicant Income
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
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
Approval Rates
Total approvals of all applications66.11%
Oregon Community has a low approval rate. They may have poor market targeting or stringent lending standards.
Pick Rate
Approvals leading to origination84.72%
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 |