Mid Oregon Federal Credit Union Mortgage Rates, Fees & Info
Bend, ORLEI: 549300TEGBOIDI6Z5J56
Tax ID: 93-0495636
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Mortgage Data
Review & Overview
Mid Oregon Federal Credit Union is a smaller credit union specializing in Cash Out Refi and Home Purchase loans. Mid Oregon Federal Credit Union has a high proportion of conventional loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Bend, Prineville, Klamath Falls, Portland, and Salem among others. We have data for 9 markets. (Some data included below & more in-depth data is available with an active subscription.)Mid Oregon Federal Credit Union has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.
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Originations
224Origination Dollar Volume (All Markets)
$60,600,000Top 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 |
|---|---|---|---|---|---|
| BEND, OR (FHA|USDA|VA) | 124 | $39,970,000 | $322,339 | $0 | 0.00% |
| Prineville, OR (FHA|USDA|VA) | 33 | $7,125,000 | $215,909 | $0 | 0.00% |
| Outside of Metro Areas | 31 | $5,735,000 | $185,000 | $0 | 0.00% |
| Klamath Falls, OR (FHA|USDA|VA) | 18 | $3,150,000 | $175,000 | $0 | 0.00% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 8 | $2,170,000 | $271,250 | $0 | 0.00% |
| SALEM, OR (FHA|USDA|VA) | 4 | $780,000 | $195,000 | $0 | 0.00% |
| Newport, OR (FHA|USDA|VA) | 2 | $690,000 | $345,000 | $0 | 0.00% |
| Coos Bay, OR (FHA|USDA|VA) | 3 | $685,000 | $228,333 | $0 | 0.00% |
| MEDFORD, OR (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 223 | $60,305,000 | $270,426 | $0 | 0.00% |
| USDA | 1 | $295,000 | $295,000 | $0 | 0.00% |
For 2021, Mid Oregon Federal Credit Union's most frequently originated type of loan was Conventional, with 223 originations. Their 2nd most popular type was USDA, with 1 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Cash Out Refi | 127 | $32,405,000 | $255,157 | $0 | 0.00% |
| Home Purchase | 70 | $22,210,000 | $317,286 | $0 | 0.00% |
| Refi | 27 | $5,985,000 | $221,667 | $0 | 0.00% |
For 2021, Mid Oregon Federal Credit Union's most frequently cited loan purpose was Cash Out Refi, with 127 originations. The 2nd most popular reason was Home Purchase, with 70 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 224 | $60,600,000 | $270,536 | $0 | 0.00% |
For 2021, Mid Oregon Federal Credit Union's most frequently cited loan duration was Other, with 224 originations.
Loan Sizing
2021 saw Mid Oregon Federal Credit Union place emphasis on $200k-400k loans with 97 originations, totaling $26,485,000 in origination value.
Applicant Income
Mid Oregon Federal Credit Union lent most frequently to those with incomes in the $50k-75k range, with 57 originations. The second most popular income band? $100k-150k, with 44 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 224 | $60,600,000 | $270,536 | $0 | 0.00% |
Mid Oregon Federal Credit Union lent most frequently to those with DTI ratios of Exempt%, with 224 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications90.57%
Mid Oregon Federal Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination79.91%
Mid Oregon Federal Credit Union has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 224 | $60,600,000 | $270,536 |