Mid Oregon Federal Credit Union Mortgage Rates, Fees & Info

Bend, OR

LEI: 549300TEGBOIDI6Z5J56

Tax ID: 93-0495636

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

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • 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

    Mid Oregon Federal Credit Union is a smaller credit union specializing in Home Improvement and Other loans. Mid Oregon Federal Credit Union has an average proportion of conventional loans. Their top markets by origination volume include: Bend, Prineville, Klamath Falls, Portland, and Roseburg among others. We have data for 14 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Mid Oregon Federal Credit Union 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.

    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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    Originations

    673

    Origination Dollar Volume (All Markets)

    $93,325,000

    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
    BEND, OR (FHA|USDA|VA) 444 $68,470,000 $154,212 $0 8.78%
    Prineville, OR (FHA|USDA|VA) 88 $10,190,000 $115,795 $0 8.83%
    Outside of Metro Areas 96 $8,580,000 $89,375 $0 8.97%
    Klamath Falls, OR (FHA|USDA|VA) 26 $2,730,000 $105,000 $0 9.27%
    PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 7 $1,395,000 $199,286 $0 8.68%
    Roseburg, OR (FHA|USDA|VA) 2 $600,000 $300,000 $0 0.00%
    EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) 2 $450,000 $225,000 $0 8.74%
    MEDFORD, OR (FHA|USDA|VA) 2 $320,000 $160,000 $0 8.24%
    The Dalles, OR (FHA|USDA|VA) 1 $145,000 $145,000 $0 8.49%
    ALBANY-LEBANON, OR (FHA|USDA|VA) 1 $105,000 $105,000 $0 0.00%
    SALEM, OR (FHA|USDA|VA) 1 $105,000 $105,000 $0 9.49%
    Newport, OR (FHA|USDA|VA) 1 $85,000 $85,000 $0 8.99%
    Coos Bay, OR (FHA|USDA|VA) 1 $75,000 $75,000 $0 6.74%
    Hermiston-Pendleton, OR (FHA|USDA|VA) 1 $75,000 $75,000 $0 8.74%
    Mid Oregon Federal Credit Union's top markets include Bend, Prineville, Klamath Falls, Portland, and Roseburg among others.

    Their top states include:
  • Oregon (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    HELOC 599 $71,435,000 $119,257 n/a 8.82%
    Conventional 74 $21,890,000 $295,811 $0 0.00%

    For 2023, Mid Oregon Federal Credit Union's most frequently originated type of loan was HELOC, with 599 originations. Their 2nd most popular type was Conventional, with 74 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 296 $38,420,000 $129,797 $0 8.71%
    Other 282 $29,590,000 $104,929 $0 8.93%
    Refi 37 $6,205,000 $167,703 $0 9.04%
    Home Purchase 36 $12,900,000 $358,333 $0 0.00%
    Cash Out Refi 22 $6,210,000 $282,273 $0 0.00%

    For 2023, Mid Oregon Federal Credit Union's most frequently cited loan purpose was Home Improvement, with 296 originations. The 2nd most popular reason was Other, with 282 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 673 $93,325,000 $138,670 $0 8.82%

    For 2023, Mid Oregon Federal Credit Union's most frequently cited loan duration was Other, with 673 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    Over 8% 500 $57,600,000 $115,200
    7-8% 88 $12,440,000 $141,364
    6-7% 11 $1,395,000 $126,818

    During 2023, Mid Oregon Federal Credit Union's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was Over 8%, with 500 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 341 $19,335,000 $56,701 $0 8.88%
    $100k-200k 192 $25,380,000 $132,188 $0 8.86%
    $200k-400k 97 $25,665,000 $264,588 $0 8.56%
    $400k-600k 31 $13,855,000 $446,935 $0 8.50%
    $600k-1MM 12 $9,090,000 $757,500 $0 8.79%

    2023 saw Mid Oregon Federal Credit Union place emphasis on $100,000 or less loans with 341 originations, totaling $19,335,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 186 $23,090,000 $124,140 $0 8.77%
    $150k-250k 135 $26,355,000 $195,222 $0 8.66%
    $50k-75k 115 $11,565,000 $100,565 $0 8.91%
    $75k-100k 105 $11,235,000 $107,000 $0 8.84%
    $50k or less 87 $6,225,000 $71,552 $0 9.15%
    $250k+ 45 $14,855,000 $330,111 $0 8.58%

    Mid Oregon Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 186 originations. The second most popular income band? $150k-250k, with 135 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 123 $13,295,000 $108,089 $0 8.78%
    30-36% 102 $11,980,000 $117,451 $0 8.73%
    Exempt% 74 $21,890,000 $295,811 $0 0.00%
    49% 55 $7,675,000 $139,545 $0 8.81%
    <20% 51 $4,145,000 $81,275 $0 8.80%
    50-60% 49 $5,185,000 $105,816 $0 8.87%
    46% 23 $3,475,000 $151,087 $0 8.89%
    39% 20 $2,590,000 $129,500 $0 8.49%
    43% 19 $3,445,000 $181,316 $0 8.87%
    41% 19 $2,095,000 $110,263 $0 8.94%
    36% 17 $1,935,000 $113,824 $0 9.03%
    45% 17 $2,545,000 $149,706 $0 8.83%
    47% 17 $2,105,000 $123,824 $0 8.87%
    48% 17 $2,775,000 $163,235 $0 9.02%
    37% 17 $1,925,000 $113,235 $0 8.92%
    44% 13 $1,725,000 $132,692 $0 9.07%
    40% 13 $1,435,000 $110,385 $0 8.91%
    38% 12 $1,400,000 $116,667 $0 8.91%
    42% 12 $1,420,000 $118,333 $0 9.05%
    >60% 2 $220,000 $110,000 $0 8.74%

    Mid Oregon Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 123 originations. The next most common DTI ratio? 30-36%, with 102 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 556 $79,660,000 $143,273 $0 8.82%
    Not provided 102 $11,420,000 $111,961 $0 8.85%
    American Indian 7 $715,000 $102,143 $0 9.07%
    Black 4 $500,000 $125,000 $0 8.55%
    Asian 2 $460,000 $230,000 $0 8.12%
    Other Asian 1 $345,000 $345,000 $0 0.00%
    Native Hawaiian or Islander 1 $225,000 $225,000 $0 8.74%

    Approval Rates

    Total approvals of all applications
    88.55%

    Mid Oregon Federal Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    78.75%

    Mid Oregon Federal Credit Union has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 74 $21,890,000 $295,811
    NA 599 $71,435,000 $119,257

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    673 $93,325,000 $138,670

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 194 $34,540,000 $178,041 $0 8.79%
    40-60% 24 $6,150,000 $256,250 $0 8.77%
    60-80% 15 $5,375,000 $358,333 $0 8.72%
    Under 20% 366 $25,370,000 $69,317 $0 8.85%