Mid Oregon Federal Credit Union Mortgage Rates, Fees & Info

Bend, OR

LEI: 549300TEGBOIDI6Z5J56

Tax ID: 93-0495636

Latest/2024 | 2023 Data | 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 Other and Home Improvement loans. Mid Oregon Federal Credit Union has an average proportion of conventional loans. Their top markets by origination volume include: Bend, Prineville, Klamath Falls, Eugene, and Portland among others. We have data for 10 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

    625

    Origination Dollar Volume (All Markets)

    $97,855,000

    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) 434 $74,530,000 $171,728 $0 9.13%
    Prineville, OR (FHA|USDA|VA) 93 $11,125,000 $119,624 $0 9.23%
    Outside of Metro Areas 69 $7,225,000 $104,710 $0 9.42%
    Klamath Falls, OR (FHA|USDA|VA) 14 $1,210,000 $86,429 $0 9.57%
    EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) 4 $1,090,000 $272,500 $0 8.99%
    PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 5 $1,025,000 $205,000 $0 9.19%
    CORVALLIS, OR (FHA|USDA|VA) 2 $780,000 $390,000 $0 8.49%
    ALBANY-LEBANON, OR (FHA|USDA|VA) 1 $425,000 $425,000 $0 0.00%
    SALEM, OR (FHA|USDA|VA) 2 $240,000 $120,000 $0 8.99%
    Ontario, OR-ID (FHA|USDA|VA) 1 $205,000 $205,000 $0 8.99%
    Mid Oregon Federal Credit Union's top markets include Bend, Prineville, Klamath Falls, Eugene, and Portland among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    HELOC 585 $85,365,000 $145,923 n/a 9.19%
    Conventional 40 $12,490,000 $312,250 $0 0.00%

    For 2024, Mid Oregon Federal Credit Union's most frequently originated type of loan was HELOC, with 585 originations. Their 2nd most popular type was Conventional, with 40 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Other 294 $40,610,000 $138,129 $0 9.24%
    Home Improvement 267 $40,665,000 $152,303 $0 9.12%
    Refi 26 $4,550,000 $175,000 $0 9.26%
    Cash Out Refi 21 $5,545,000 $264,048 $0 0.00%
    Home Purchase 17 $6,485,000 $381,471 $0 0.00%

    For 2024, Mid Oregon Federal Credit Union's most frequently cited loan purpose was Other, with 294 originations. The 2nd most popular reason was Home Improvement, with 267 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 625 $97,855,000 $156,568 $0 9.19%

    For 2024, Mid Oregon Federal Credit Union's most frequently cited loan duration was Other, with 625 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    Over 8% 585 $85,365,000 $145,923

    During 2024, 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 585 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 282 $16,570,000 $58,759 $0 9.30%
    $100k-200k 180 $24,340,000 $135,222 $0 9.13%
    $200k-400k 117 $32,295,000 $276,026 $0 9.08%
    $400k-600k 33 $14,735,000 $446,515 $0 8.95%
    $600k-1MM 11 $7,765,000 $705,909 $0 8.70%
    $1MM+ 2 $2,150,000 $1,075,000 $0 8.99%

    2024 saw Mid Oregon Federal Credit Union place emphasis on $100,000 or less loans with 282 originations, totaling $16,570,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 162 $20,550,000 $126,852 $0 9.06%
    $100k-150k 114 $18,060,000 $158,421 $0 9.21%
    $150k-250k 102 $18,840,000 $184,706 $0 9.17%
    $50k-75k 91 $9,015,000 $99,066 $0 9.42%
    $75k-100k 90 $10,880,000 $120,889 $0 9.21%
    $250k+ 66 $20,510,000 $310,758 $0 9.11%

    Mid Oregon Federal Credit Union lent most frequently to those with incomes in the $50k or less range, with 162 originations. The second most popular income band? $100k-150k, with 114 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 101 $14,355,000 $142,129 $0 9.19%
    20-30% 84 $11,680,000 $139,048 $0 9.20%
    <20% 68 $8,990,000 $132,206 $0 9.11%
    50-60% 60 $10,130,000 $168,833 $0 9.20%
    Exempt% 40 $12,490,000 $312,250 $0 0.00%
    49% 39 $6,255,000 $160,385 $0 9.07%
    48% 27 $5,225,000 $193,519 $0 9.05%
    47% 27 $4,045,000 $149,815 $0 9.29%
    46% 26 $3,550,000 $136,538 $0 9.20%
    44% 25 $3,015,000 $120,600 $0 9.13%
    39% 18 $2,300,000 $127,778 $0 8.98%
    41% 17 $2,065,000 $121,471 $0 9.37%
    45% 17 $2,345,000 $137,941 $0 9.37%
    42% 16 $1,740,000 $108,750 $0 9.08%
    38% 14 $1,410,000 $100,714 $0 9.63%
    40% 14 $1,810,000 $129,286 $0 9.45%
    37% 12 $2,320,000 $193,333 $0 9.37%
    36% 11 $1,775,000 $161,364 $0 8.85%
    43% 5 $605,000 $121,000 $0 9.19%
    >60% 4 $1,750,000 $437,500 $0 9.12%

    Mid Oregon Federal Credit Union lent most frequently to those with DTI ratios of 30-36%, with 101 originations. The next most common DTI ratio? 20-30%, with 84 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 528 $84,260,000 $159,583 $0 9.18%
    Not provided 74 $9,680,000 $130,811 $0 9.21%
    Asian 6 $1,280,000 $213,333 $0 8.99%
    American Indian 9 $815,000 $90,556 $0 9.38%
    Japanese 1 $645,000 $645,000 $0 0.00%
    Other Asian 2 $420,000 $210,000 $0 8.49%
    Korean 1 $405,000 $405,000 $0 0.00%
    Black 1 $205,000 $205,000 $0 8.99%
    Native Hawaiian or Islander 3 $145,000 $48,333 $0 9.66%

    Approval Rates

    Total approvals of all applications
    86.85%

    Mid Oregon Federal Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    75.84%

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

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 40 $12,490,000 $312,250
    NA 585 $85,365,000 $145,923

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    625 $97,855,000 $156,568

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 195 $37,005,000 $189,769 $0 9.16%
    40-60% 55 $16,315,000 $296,636 $0 9.10%
    60-80% 8 $2,850,000 $356,250 $0 9.15%
    Under 20% 327 $29,195,000 $89,281 $0 9.22%