Oregon Community Mortgage Rates, Fees & Info

Eugene, OR

LEI: 549300IEP77RKJ87Z176

Tax ID: 93-0492535

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

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Oregon Community is a smaller mortgage company specializing in Cash Out 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.) They have a low ratio of USDA loans. Their top markets by origination volume include: Eugene, Portland, Salem, Bend, and Albany among others. We have data for 17 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% 12/16/24
    30 Year Conventional Purchase 6.22% 12/16/24
    30 Year Conventional Refi 6.33% 12/16/24
    30 Year Cash-out Refi 6.29% 12/16/24
    30 Year VA Refi 6.27% 12/16/24
    15 Year Conventional Purchase 5.67% 12/16/24
    15 Year Conventional Refi 5.68% 12/16/24
    15 Year Cash-out Refi 5.68% 12/16/24
    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

    1,778

    Origination Dollar Volume (All Markets)

    $279,840,000
    Show all (8) awards

    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) 1,238 $188,010,000 $151,866 $4,244 3.51%
    PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 206 $38,650,000 $187,621 $4,573 3.71%
    SALEM, OR (FHA|USDA|VA) 177 $20,965,000 $118,446 $4,254 3.62%
    BEND, OR (FHA|USDA|VA) 39 $7,495,000 $192,179 $5,107 3.50%
    ALBANY-LEBANON, OR (FHA|USDA|VA) 43 $5,775,000 $134,302 $4,791 3.67%
    CORVALLIS, OR (FHA|USDA|VA) 15 $5,125,000 $341,667 $4,922 3.99%
    Klamath Falls, OR (FHA|USDA|VA) 4 $3,630,000 $907,500 $3,405 3.31%
    MEDFORD, OR (FHA|USDA|VA) 10 $2,260,000 $226,000 $4,913 3.92%
    Prineville, OR (FHA|USDA|VA) 2 $1,720,000 $860,000 $3,785 4.46%
    Roseburg, OR (FHA|USDA|VA) 12 $1,680,000 $140,000 $4,499 3.28%
    Newport, OR (FHA|USDA|VA) 14 $1,410,000 $100,714 $3,969 4.25%
    Hermiston-Pendleton, OR (FHA|USDA|VA) 3 $1,305,000 $435,000 $4,771 4.59%
    Coos Bay, OR (FHA|USDA|VA) 3 $655,000 $218,333 $4,676 3.79%
    Outside of Metro Areas 7 $405,000 $57,857 $4,060 3.87%
    The Dalles, OR (FHA|USDA|VA) 2 $390,000 $195,000 $4,843 2.75%
    Astoria, OR (FHA|USDA|VA) 1 $245,000 $245,000 $4,692 3.88%
    Hood River, OR (FHA|USDA|VA) 2 $120,000 $60,000 $0 1.99%
    Oregon Community's top markets include Eugene, Portland, Salem, Bend, and Albany among others.

    Their top states include:
  • Oregon (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.

    CENTRAL WILLAMETTE Credit Union
    Similarity Rank: 175
    SELCO COMMUNITY
    Similarity Rank: 340
    Citizens Bank
    Similarity Rank: 390
    Yakima Federal Savings and Loan Association
    Similarity Rank: 414
    MARION AND POLK SCHOOLS CREDIT UNION
    Similarity Rank: 420
    INROADS
    Similarity Rank: 549
    iQ Credit Union
    Similarity Rank: 851
    ROGUE
    Similarity Rank: 897
    Clackamas Federal Credit Union
    Similarity Rank: 918
    OREGONIANS CREDIT UNION
    Similarity Rank: 948

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    HELOC 981 $56,705,000 $57,803 n/a 3.44%
    Conventional 790 $221,450,000 $280,316 $4,334 3.70%
    FHA 6 $1,370,000 $228,333 $3,521 4.44%
    USDA 1 $315,000 $315,000 $5,825 4.13%

    For 2019, Oregon Community's most frequently originated type of loan was HELOC, with 981 originations. Their 2nd most popular type was Conventional, with 790 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 471 $26,175,000 $55,573 $3,774 3.27%
    Cash Out Refi 390 $105,510,000 $270,538 $4,340 3.66%
    Other 377 $21,445,000 $56,883 $0 3.51%
    Home Purchase 302 $85,680,000 $283,709 $4,319 3.96%
    Refi 238 $41,030,000 $172,395 $4,346 3.56%

    For 2019, Oregon Community's most frequently cited loan purpose was Home Improvement, with 471 originations. The 2nd most popular reason was Cash Out Refi, with 390 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 1,429 $215,885,000 $151,074 $4,248 3.29%
    15 Year 330 $48,100,000 $145,758 $4,607 4.73%
    20 Year 10 $2,660,000 $266,000 $3,887 3.81%
    10 Year 4 $9,750,000 $2,437,500 $0 5.01%
    Other 4 $150,000 $37,500 $0 3.37%
    5 Year 1 $3,295,000 $3,295,000 $0 4.40%

    For 2019, Oregon Community's most frequently cited loan duration was 30 Year, with 1,429 originations. The 2nd most popular length was 15 Year, with 330 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $2k-3k 339 $91,585,000 $270,162
    $1k-2k 195 $30,815,000 $158,026
    $<1k 113 $29,045,000 $257,035
    $3k-4k 102 $35,020,000 $343,333
    $4k-5k 25 $9,295,000 $371,800
    $5k+ 11 $4,125,000 $375,000

    Oregon Community's average total fees were $4,248, while their most frequently occuring range of origination fees (closing costs) were in the $2k-3k bucket, with 339 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    <2.5% 664 $35,290,000 $53,148
    3-4% 512 $130,930,000 $255,723
    4-5% 145 $57,765,000 $398,379
    2.5-3% 135 $29,915,000 $221,593
    5-6% 124 $16,450,000 $132,661
    6-7% 117 $5,885,000 $50,299
    7-8% 66 $3,140,000 $47,576
    Over 8% 15 $465,000 $31,000

    During 2019, Oregon Community's average interest rate for loans was 3.29%, while their most frequently originated rate bucket for loans was <2.5%, with 664 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 877 $41,625,000 $47,463 $2,962 3.37%
    $200k-400k 494 $136,340,000 $275,992 $4,509 3.77%
    $100k-200k 332 $47,590,000 $143,343 $3,651 3.69%
    $400k-600k 64 $29,230,000 $456,719 $5,705 3.68%
    $1MM+ 7 $22,415,000 $3,202,143 $0 4.67%
    $600k-1MM 4 $2,640,000 $660,000 $6,653 4.85%

    2019 saw Oregon Community place emphasis on $100,000 or less loans with 877 originations, totaling $41,625,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 456 $71,320,000 $156,404 $4,813 3.41%
    $50k-75k 405 $55,695,000 $137,519 $4,043 3.40%
    $75k-100k 371 $56,295,000 $151,739 $4,251 3.64%
    $50k or less 236 $22,860,000 $96,864 $3,432 3.60%
    $150k-250k 235 $40,185,000 $171,000 $5,160 3.80%
    $250k+ 46 $7,460,000 $162,174 $5,906 3.91%

    Oregon Community lent most frequently to those with incomes in the $100k-150k range, with 456 originations. The second most popular income band? $50k-75k, with 405 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 437 $59,725,000 $136,670 $4,272 3.36%
    30-36% 371 $53,965,000 $145,458 $4,302 3.66%
    <20% 175 $24,715,000 $141,229 $4,143 3.28%
    42% 81 $13,685,000 $168,951 $4,384 4.01%
    37% 72 $10,930,000 $151,806 $4,032 3.95%
    39% 70 $10,770,000 $153,857 $4,374 3.42%
    44% 69 $9,895,000 $143,406 $4,253 3.89%
    43% 60 $8,850,000 $147,500 $3,976 4.10%
    41% 56 $8,840,000 $157,857 $4,286 3.47%
    40% 56 $9,160,000 $163,571 $4,526 3.85%
    38% 55 $8,765,000 $159,364 $4,958 3.33%
    36% 52 $8,100,000 $155,769 $4,604 3.70%
    50-60% 45 $3,055,000 $67,889 $3,297 3.67%
    >60% 34 $2,980,000 $87,647 $4,228 3.05%
    46% 33 $4,745,000 $143,788 $3,990 3.79%
    47% 31 $6,065,000 $195,645 $5,024 3.07%
    45% 31 $4,835,000 $155,968 $4,875 3.75%
    48% 25 $4,675,000 $187,000 $5,133 3.24%
    49% 17 $2,985,000 $175,588 $4,676 3.69%

    Oregon Community lent most frequently to those with DTI ratios of 20-30%, with 437 originations. The next most common DTI ratio? 30-36%, with 371 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,530 $225,830,000 $147,601 $4,312 3.59%
    Not applicable 9 $23,115,000 $2,568,333 $0 4.45%
    Not provided 161 $20,605,000 $127,981 $4,683 3.23%
    Asian 32 $4,450,000 $139,063 $3,792 3.47%
    Black 16 $3,030,000 $189,375 $4,854 4.14%
    American Indian 22 $2,210,000 $100,455 $3,993 3.68%
    Native Hawaiian or Islander 5 $485,000 $97,000 $5,336 2.32%
    Other Pacific Islander 2 $60,000 $30,000 $0 1.99%
    Chinese 1 $55,000 $55,000 $0 1.99%

    Approval Rates

    Total approvals of all applications
    72.87%

    Oregon Community has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    78.18%

    Oregon Community has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 1,778 $279,840,000 $157,390

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 6 $18,290,000 $3,048,333
    Single Family (1-4 Units):Manufactured 24 $3,230,000 $134,583
    Single Family (1-4 Units):Site-Built 1,748 $258,320,000 $147,780

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 299 $30,215,000 $101,054 $3,496 3.47%
    40-60% 165 $33,345,000 $202,091 $4,213 3.68%
    60-80% 345 $112,325,000 $325,580 $4,490 3.73%
    80-100% 239 $71,445,000 $298,933 $4,436 3.92%
    Under 20% 730 $32,510,000 $44,534 $2,833 3.38%