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 Refi and Home Purchase loans. Oregon Community has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) 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 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 6.27% | 4/21/24 |
| 30 Year Conventional Purchase | 6.22% | 4/21/24 |
| 30 Year Conventional Refi | 6.33% | 4/21/24 |
| 30 Year Cash-out Refi | 6.29% | 4/21/24 |
| 30 Year VA Refi | 6.27% | 4/21/24 |
| 15 Year Conventional Purchase | 5.67% | 4/21/24 |
| 15 Year Conventional Refi | 5.68% | 4/21/24 |
| 15 Year Cash-out Refi | 5.68% | 4/21/24 |
| 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
1,490Origination Dollar Volume (All Markets)
$178,800,000Awards
OREGON COMMUNITY - 2018
OREGON COMMUNITY is a 2018 , due to their low .
For 2018, less than of lenders were eligible for this award.
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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) | 977 | $112,525,000 | $115,174 | $2,809 | 3.83% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 179 | $24,965,000 | $139,469 | $3,517 | 3.68% |
| SALEM, OR (FHA|USDA|VA) | 152 | $15,870,000 | $104,408 | $2,958 | 3.77% |
| BEND, OR (FHA|USDA|VA) | 26 | $8,080,000 | $310,769 | $3,784 | 4.42% |
| ALBANY-LEBANON, OR (FHA|USDA|VA) | 44 | $4,500,000 | $102,273 | $2,787 | 3.90% |
| CORVALLIS, OR (FHA|USDA|VA) | 12 | $2,970,000 | $247,500 | $4,889 | 3.92% |
| Outside of Metro Areas | 50 | $2,680,000 | $53,600 | $2,361 | 4.06% |
| MEDFORD, OR (FHA|USDA|VA) | 6 | $2,120,000 | $353,333 | $2,205 | 4.64% |
| Roseburg, OR (FHA|USDA|VA) | 13 | $1,395,000 | $107,308 | $2,542 | 5.25% |
| Newport, OR (FHA|USDA|VA) | 8 | $930,000 | $116,250 | $2,226 | 3.43% |
| Prineville, OR (FHA|USDA|VA) | 3 | $735,000 | $245,000 | $1,584 | 3.83% |
| Coos Bay, OR (FHA|USDA|VA) | 5 | $665,000 | $133,000 | $2,451 | 4.15% |
| Hermiston-Pendleton, OR (FHA|USDA|VA) | 4 | $630,000 | $157,500 | $2,469 | 6.13% |
| GRANTS PASS, OR (FHA|USDA|VA) | 2 | $260,000 | $130,000 | $2,568 | 6.75% |
| Hood River, OR (FHA|USDA|VA) | 2 | $130,000 | $65,000 | $0 | 4.75% |
| Klamath Falls, OR (FHA|USDA|VA) | 3 | $115,000 | $38,333 | $975 | 3.41% |
| La Grande, OR (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $1,936 | 5.00% |
| Astoria, OR (FHA|USDA|VA) | 2 | $80,000 | $40,000 | $0 | 5.12% |
| The Dalles, OR (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 1.99% |
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: 33
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| HELOC | 994 | $53,350,000 | $53,672 | n/a | 3.50% |
| Conventional | 494 | $125,110,000 | $253,259 | $2,942 | 4.56% |
| FHA | 2 | $340,000 | $170,000 | $2,331 | 4.88% |
For 2018, Oregon Community's most frequently originated type of loan was HELOC, with 994 originations. Their 2nd most popular type was Conventional, with 494 originations.
Loan Reason
For 2018, Oregon Community's most frequently cited loan purpose was Home Improvement, with 493 originations. The 2nd most popular reason was Other, with 384 originations.
Loan Duration/Length
For 2018, Oregon Community's most frequently cited loan duration was 30 Year, with 1,327 originations. The 2nd most popular length was 15 Year, with 134 originations.
Origination Fees/Closing Costs
Oregon Community's average total fees were $2,950, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 336 originations.
Interest Rates
During 2018, Oregon Community's average interest rate for loans was 3.44%, while their most frequently originated rate bucket for loans was <2.5%, with 692 originations.
Loan Sizing
2018 saw Oregon Community place emphasis on $100,000 or less loans with 929 originations, totaling $41,375,000 in origination value.
Applicant Income
Oregon Community lent most frequently to those with incomes in the $100k-150k range, with 366 originations. The second most popular income band? $50k-75k, with 352 originations.
Applicant Debt to Income Ratio
Oregon Community lent most frequently to those with DTI ratios of 20-30%, with 347 originations. The next most common DTI ratio? 30-36%, with 294 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications66.59%
Oregon Community has a low approval rate. They may have poor market targeting or stringent lending standards.
Pick Rate
Approvals leading to origination80.00%
Oregon Community has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 1,490 | $178,800,000 | $120,000 |