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, Cash Out Refi, 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 21 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.
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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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
3,063Origination Dollar Volume (All Markets)
$584,065,000Top 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) | 2,052 | $378,800,000 | $184,600 | $3,403 | 3.25% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 398 | $85,070,000 | $213,744 | $3,830 | 3.57% |
| SALEM, OR (FHA|USDA|VA) | 294 | $46,850,000 | $159,354 | $2,908 | 3.44% |
| BEND, OR (FHA|USDA|VA) | 72 | $18,650,000 | $259,028 | $4,530 | 3.24% |
| ALBANY-LEBANON, OR (FHA|USDA|VA) | 80 | $15,440,000 | $193,000 | $3,950 | 3.40% |
| CORVALLIS, OR (FHA|USDA|VA) | 35 | $8,965,000 | $256,143 | $3,470 | 3.24% |
| Roseburg, OR (FHA|USDA|VA) | 23 | $5,645,000 | $245,435 | $3,839 | 3.52% |
| Coos Bay, OR (FHA|USDA|VA) | 10 | $4,760,000 | $476,000 | $5,335 | 3.26% |
| Klamath Falls, OR (FHA|USDA|VA) | 12 | $4,580,000 | $381,667 | $4,089 | 3.31% |
| MEDFORD, OR (FHA|USDA|VA) | 16 | $3,330,000 | $208,125 | $3,409 | 3.86% |
| Newport, OR (FHA|USDA|VA) | 23 | $3,245,000 | $141,087 | $2,734 | 3.21% |
| Outside of Metro Areas | 15 | $2,295,000 | $153,000 | $3,864 | 3.42% |
| Hermiston-Pendleton, OR (FHA|USDA|VA) | 7 | $2,135,000 | $305,000 | $4,072 | 3.31% |
| GRANTS PASS, OR (FHA|USDA|VA) | 8 | $1,610,000 | $201,250 | $2,978 | 3.25% |
| Prineville, OR (FHA|USDA|VA) | 7 | $905,000 | $129,286 | $2,784 | 3.16% |
| La Grande, OR (FHA|USDA|VA) | 3 | $475,000 | $158,333 | $2,526 | 3.41% |
| Astoria, OR (FHA|USDA|VA) | 3 | $455,000 | $151,667 | $2,648 | 2.91% |
| Brookings, OR (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $5,141 | 3.00% |
| The Dalles, OR (FHA|USDA|VA) | 2 | $280,000 | $140,000 | $2,305 | 3.55% |
| Hood River, OR (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 1.99% |
| WICHITA FALLS, TX (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 3.95% |
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.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 2,044 | $505,030,000 | $247,079 | $3,451 | 2.99% |
| HELOC | 1,019 | $79,035,000 | $77,561 | n/a | 3.99% |
For 2021, Oregon Community's most frequently originated type of loan was Conventional, with 2,044 originations. Their 2nd most popular type was HELOC, with 1,019 originations.
Loan Reason
For 2021, Oregon Community's most frequently cited loan purpose was Home Improvement, with 787 originations. The 2nd most popular reason was Refi, with 758 originations.
Loan Duration/Length
For 2021, Oregon Community's most frequently cited loan duration was 30 Year, with 1,950 originations. The 2nd most popular length was 15 Year, with 666 originations.
Origination Fees/Closing Costs
Oregon Community's average total fees were $4,694, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 595 originations.
Interest Rates
During 2021, Oregon Community's average interest rate for loans was 3.42%, while their most frequently originated rate bucket for loans was 3-4%, with 1,365 originations.
Loan Sizing
2021 saw Oregon Community place emphasis on $100,000 or less loans with 1,049 originations, totaling $55,165,000 in origination value.
Applicant Income
Oregon Community lent most frequently to those with incomes in the $100k-150k range, with 768 originations. The second most popular income band? $50k-75k, with 686 originations.
Applicant Debt to Income Ratio
Oregon Community lent most frequently to those with DTI ratios of 20-30%, with 743 originations. The next most common DTI ratio? 30-36%, with 605 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications82.15%
Oregon Community has a below average approval rate.
Pick Rate
Approvals leading to origination83.48%
Oregon Community has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 3,063 | $584,065,000 | $190,684 |