Hermiston - Pendleton Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Hermiston - Pendleton averaged
6.62%
for the week of 2024-11-07, compared to the national average of
6.79% for the same period.
The average rate for the prior week (2024-10-31) was
6.85% and
one month ago for the week of 2024-10-03, the
average rate was 6.05%.
Hermiston - Pendleton's average rate one year ago was 7.69%.
For refis of the same type during the week of 2024-11-07, the average rate
was 7.39%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2024-11-07 | 6.79% |
| Hermiston - Pendleton 30 Year Fixed Rate | 2024-11-07 | 6.62% |
| Hermiston - Pendleton 30 Year Fixed Rate Refi | 2024-11-07 | 7.39% |
| Hermiston - Pendleton 15 Year Fixed Rate | 2024-11-07 | 5.9% |
| Hermiston - Pendleton 15 Year Fixed Rate Refi | 2024-11-07 | 6.1% |
| Hermiston - Pendleton 30 Year FHA | 2024-11-07 | 6.14% |
| Hermiston - Pendleton 30 Year FHA Refi | 2024-11-07 | 6.73% |
| Hermiston - Pendleton 30 Year USDA | 2024-11-07 | 6.58% |
| Hermiston - Pendleton 30 Year USDA Refi | 2024-11-07 | 6.58% |
| Hermiston - Pendleton 30 Year VA | 2024-11-07 | 6.31% |
| Hermiston - Pendleton 30 Year VA Refi | 2024-11-07 | 6.34% |
Hermiston - Pendleton Top Lenders by Rates & Fees
The below table looks at the consensus average rates and fees provided by each lender, for only loans originated in the Hermiston-Pendleton, OR market. This includes FHA, Conventional, USDA and VA loans, as well as refis. All terms in the below chart are 30 year fixed rate. Unless noted otherwise, other data is all inclusive (FHA, ARM, 15-yr, etc.).
Hermiston - Pendleton Average Closing Costs & Other Stats
Hermiston-Pendleton, OR's 83 lenders originated 1,355
loans during 2023. The total origination value was $303,995,000, with an average loan value of
$224,351.
Hermiston - Pendleton's average closing costs are $6,446.
The top Hermiston - Pendleton lender as defined by loan originations is GUILD MORTGAGE COMPANY, with
60 loans originated. Their average total fees are
$7,810, which is $1,256
lower than the next largest lender,
AMERICAN PACIFIC MORTGAGE CORPORATION.
The lowest fee Hermiston - Pendleton lenders (with over 10 loans originated) are
Banner Bank ($6,138), Umpqua Bank ($7,544), CHURCHILL MORTGAGE CORPORATION ($7,753), LPMC, LLC ($7,794) and GUILD MORTGAGE COMPANY ($7,810).
The lowest rate Hermiston - Pendleton lenders (with over 10 loans originated) are
Banner Bank (6.46%), UNITED WHOLESALE MORTGAGE, LLC (6.50%), AMERICAN PACIFIC MORTGAGE CORPORATION (6.73%), QUICKEN LOANS, LLC (6.74%) and Umpqua Bank (6.76%).
Hermiston-Pendleton, OR Mortgage Market Share & Volume
Loan origination value is a good proxy for a lender's prominence within the market. The general assumption is that larger lenders will have more resources, but may spend more (and therefore charge more) on marketing and overhead expenses.
| Name | 2022 Loan Value | 2023 Loan Value | % Change | 2023 Market Share |
|---|---|---|---|---|
| GUILD MORTGAGE COMPANY | $52,855,000 | $40,315,000 | -23.7% | 13.3% |
| AMERICAN PACIFIC MORTGAGE CORPORATION | $45,300,000 | $29,775,000 | -34.3% | 9.8% |
| CMG MORTGAGE, INC. | $27,140,000 | $27,120,000 | -0.1% | 8.9% |
| ACADEMY MORTGAGE CORPORATION | $36,215,000 | $26,125,000 | -27.9% | 8.6% |
| QUICKEN LOANS, LLC | $29,740,000 | $17,135,000 | -42.4% | 5.6% |
| Banner Bank | $19,405,000 | $12,620,000 | -35.0% | 4.2% |
| Umpqua Bank | $16,350,000 | $11,800,000 | -27.8% | 3.9% |
| AXIA FINANCIAL, LLC | $3,215,000 | $9,980,000 | 210.4% | 3.3% |
| UNITED WHOLESALE MORTGAGE, LLC | $7,385,000 | $8,130,000 | 10.1% | 2.7% |
| CHURCHILL MORTGAGE CORPORATION | $2,735,000 | $7,590,000 | 177.5% | 2.5% |
| FIRST COMMUNITY | $7,590,000 | $7,065,000 | -6.9% | 2.3% |
| Mortgage Research Center, LLC | $7,260,000 | $6,030,000 | -16.9% | 2.0% |
| LPMC, LLC | $7,910,000 | $5,620,000 | -29.0% | 1.8% |
| U.S. Bank | $7,855,000 | $3,835,000 | -51.2% | 1.3% |
| Century Mortgage Company DBA Century Lending Company | $540,000 | $3,815,000 | 606.5% | 1.3% |
| NATIONS DIRECT MORTGAGE, LLC | $1,105,000 | $3,795,000 | 243.4% | 1.2% |
| HomeStreet Bank | $10,880,000 | $3,770,000 | -65.3% | 1.2% |
| PREMIER MORTGAGE RESOURCES, L.L.C. | $4,985,000 | $3,560,000 | -28.6% | 1.2% |
| FREEDOM MORTGAGE CORPORATION | $5,370,000 | $3,305,000 | -38.5% | 1.1% |
| GESA | $6,960,000 | $3,155,000 | -54.7% | 1.0% |
| Sierra Pacific Mortgage Company, Inc. | $4,320,000 | $3,025,000 | -30.0% | 1.0% |
| LOANDEPOT.COM, LLC | $5,725,000 | $3,020,000 | -47.2% | 1.0% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $4,810,000 | $2,375,000 | -50.6% | 0.8% |
| HAPO COMMUNITY CREDIT UNION | $3,615,000 | $2,070,000 | -42.7% | 0.7% |
| Northwest Farm Credit Services, FLCA | $2,585,000 | $1,830,000 | -29.2% | 0.6% |
| Washington Federal Bank | $3,600,000 | $1,640,000 | -54.4% | 0.5% |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $1,505,000 | $1,585,000 | 5.3% | 0.5% |
| Flagstar Bank, FSB | $4,125,000 | $1,540,000 | -62.7% | 0.5% |
| CARDINAL FINANCIAL | $1,905,000 | $1,515,000 | -20.5% | 0.5% |
| EVERGREEN MONEYSOURCE MORTGAGE COMPANY | $1,820,000 | $1,495,000 | -17.9% | 0.5% |
| Mr. Cooper ( Nationstar Mortgage ) | $2,465,000 | $1,370,000 | -44.4% | 0.5% |
| AMERISAVE MORTGAGE CORPORATION | $2,185,000 | $1,205,000 | -44.9% | 0.4% |
| CROSSCOUNTRY MORTGAGE, LLC | $2,065,000 | $1,180,000 | -42.9% | 0.4% |
| NEW DAY FINANCIAL, LLC | $1,220,000 | $1,130,000 | -7.4% | 0.4% |
| PENNYMAC LOAN SERVICES, LLC | $7,250,000 | $1,100,000 | -84.8% | 0.4% |
| Baker Boyer National Bank | $2,125,000 | $1,095,000 | -48.5% | 0.4% |
| Paramount Residential Mortgage Group, Inc. | $145,000 | $1,025,000 | 606.9% | 0.3% |
| Carrington Mortgage Services, LLC | $1,725,000 | $1,015,000 | -41.2% | 0.3% |
| NAVY FEDERAL CREDIT UNION | $2,435,000 | $985,000 | -59.5% | 0.3% |
| AMERICAN FINANCIAL RESOURCES, INC. | $460,000 | $925,000 | 101.1% | 0.3% |
| JPMorgan Chase Bank | $2,800,000 | $910,000 | -67.5% | 0.3% |
| Wells Fargo Bank | $6,870,000 | $880,000 | -87.2% | 0.3% |
| NEWREZ LLC | $2,775,000 | $865,000 | -68.8% | 0.3% |
| LEADERONE FINANCIAL CORPORATION | $835,000 | n/a | 0.3% | |
| Bank of Idaho | $825,000 | n/a | 0.3% | |
| The Federal Savings Bank | $2,580,000 | $805,000 | -68.8% | 0.3% |
| USAA Federal Savings Bank | $1,080,000 | $800,000 | -25.9% | 0.3% |
| Bank of America | $800,000 | $780,000 | -2.5% | 0.3% |
| SPOKANE TEACHERS | $250,000 | $765,000 | 206.0% | 0.3% |
| CANOPY MORTGAGE, LLC | $750,000 | n/a | 0.2% | |
| MORTGAGE EXPRESS, LLC | $195,000 | $750,000 | 284.6% | 0.2% |
| Bank of Eastern Oregon | $725,000 | n/a | 0.2% | |
| IDAHO CENTRAL | $425,000 | $700,000 | 64.7% | 0.2% |
| Equity Prime Mortgage LLC | $635,000 | n/a | 0.2% | |
| OnPoint Community Credit Union | $1,725,000 | $625,000 | -63.8% | 0.2% |
| HOMEXPRESS MORTGAGE CORP. | $275,000 | $615,000 | 123.6% | 0.2% |
| LOANPAL, LLC | $610,000 | n/a | 0.2% | |
| Cornerstone First Mortgage, Inc | $600,000 | n/a | 0.2% | |
| AMERICAN FINANCIAL NETWORK, INC. | $560,000 | n/a | 0.2% | |
| Franklin Loan Corporation | $560,000 | n/a | 0.2% | |
| MOVEMENT MORTGAGE, LLC | $1,110,000 | $550,000 | -50.5% | 0.2% |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $795,000 | $530,000 | -33.3% | 0.2% |
| BROKER SOLUTIONS, INC. | $2,245,000 | $525,000 | -76.6% | 0.2% |
| MORTGAGE SOLUTIONS OF COLORADO, LLC | $515,000 | $525,000 | 1.9% | 0.2% |
| Northpointe Bank | $505,000 | n/a | 0.2% | |
| Discover Bank | $500,000 | $500,000 | 0.0% | 0.2% |
| PANORAMA MORTGAGE GROUP, LLC | $600,000 | $495,000 | -17.5% | 0.2% |
| TRIAD FINANCIAL SERVICES, INC. | $85,000 | $495,000 | 482.4% | 0.2% |
| First National Bank of America | $450,000 | $490,000 | 8.9% | 0.2% |
| SUMMIT FUNDING, INC. | $715,000 | $485,000 | -32.2% | 0.2% |
| Loan Simple, Inc. | $215,000 | $460,000 | 114.0% | 0.2% |
| Community First Bank | $455,000 | n/a | 0.1% | |
| VERITAS FUNDING, LLC | $870,000 | $440,000 | -49.4% | 0.1% |
| GUARANTEED RATE, INC. | $485,000 | $425,000 | -12.4% | 0.1% |
| PNC Bank | $410,000 | $425,000 | 3.7% | 0.1% |
| FINANCE OF AMERICA REVERSE LLC | $415,000 | n/a | 0.1% | |
| 1st Security Bank of Washington | $955,000 | $410,000 | -57.1% | 0.1% |
| Citadel Servicing Corporation | $640,000 | $400,000 | -37.5% | 0.1% |
| Prosperity Home Mortgage, LLC | $400,000 | n/a | 0.1% | |
| CITY FIRST MORTGAGE SERVICES, L.L.C. | $395,000 | n/a | 0.1% | |
| MID AMERICA MORTGAGE, INC. | $815,000 | $390,000 | -52.1% | 0.1% |
| MOUNTAIN AMERICA | $825,000 | $390,000 | -52.7% | 0.1% |
| Zions Bank | $385,000 | n/a | 0.1% | |
| Heritage Bank | $375,000 | n/a | 0.1% | |
| NexBank | $375,000 | n/a | 0.1% | |
| AMERICAN FINANCING CORPORATION | $1,050,000 | $370,000 | -64.8% | 0.1% |
| PLAZA HOME MORTGAGE, INC. | $355,000 | n/a | 0.1% | |
| MANN FINANCIAL INC. | $3,630,000 | $350,000 | -90.4% | 0.1% |
| TOP FLITE FINANCIAL, INC. | $350,000 | n/a | 0.1% | |
| Sunflower Bank | $1,780,000 | $340,000 | -80.9% | 0.1% |
| HighTechLending Inc | $330,000 | n/a | 0.1% | |
| iQ Credit Union | $105,000 | $310,000 | 195.2% | 0.1% |
| ADVANTIS | $515,000 | $305,000 | -40.8% | 0.1% |
| ON Q FINANCIAL, INC. | $305,000 | n/a | 0.1% | |
| Unitus Community Credit Union | $8,270,000 | $300,000 | -96.4% | 0.1% |
| CREDIT UNION MORTGAGE ASSOCIATION, INC. | $295,000 | n/a | 0.1% | |
| Figure Lending LLC | $455,000 | $295,000 | -35.2% | 0.1% |
| MASON MCDUFFIE MORTGAGE CORPORATION | $295,000 | n/a | 0.1% | |
| SECURITYNATIONAL MORTGAGE COMPANY | $165,000 | $295,000 | 78.8% | 0.1% |
| The Loan Store, Inc. | $295,000 | n/a | 0.1% | |
| ZILLOW HOME LOANS, LLC | $155,000 | $295,000 | 90.3% | 0.1% |
| COLUMBIA COMMUNITY CREDIT UNION | $115,000 | $285,000 | 147.8% | 0.1% |
| UNION HOME MORTGAGE CORP. | $275,000 | n/a | 0.1% | |
| NETWORK CAPITAL FUNDING CORPORATION | $880,000 | $270,000 | -69.3% | 0.1% |
| PacWest Funding Inc. | $265,000 | $270,000 | 1.9% | 0.1% |
| Ally Bank | $265,000 | n/a | 0.1% | |
| MORIA DEVELOPMENT, INC. | $520,000 | $255,000 | -51.0% | 0.1% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $675,000 | $255,000 | -62.2% | 0.1% |
| PRIORITY HOME LENDING, LLC | $255,000 | n/a | 0.1% | |
| DIRECTORS MORTGAGE, INC. | $1,505,000 | $245,000 | -83.7% | 0.1% |
| Rivermark Community Credit Union | $940,000 | $245,000 | -73.9% | 0.1% |
| The Huntington National Bank | $245,000 | n/a | 0.1% | |
| HomeTrust Bank | $240,000 | n/a | 0.1% | |
| ARK-LA-TEX FINANCIAL SERVICES, LLC. | $225,000 | n/a | 0.1% | |
| RANLIFE, INC. | $550,000 | $225,000 | -59.1% | 0.1% |
| FIRST COLONY MORTGAGE CORPORATION | $425,000 | $205,000 | -51.8% | 0.1% |
| Oregon Pacific Banking Company | $205,000 | n/a | 0.1% | |
| SAMMAMISH MORTGAGE COMPANY | $205,000 | n/a | 0.1% | |
| Lakeview Community Capital, LLC | $75,000 | $195,000 | 160.0% | 0.1% |
| Pacific NW Federal Credit Union | $35,000 | $195,000 | 457.1% | 0.1% |
| BETTER MORTGAGE CORPORATION | $185,000 | n/a | 0.1% | |
| CALIBER HOME LOANS, INC. | $6,055,000 | $175,000 | -97.1% | 0.1% |
| EVERETT FINANCIAL, INC. | $165,000 | n/a | 0.1% | |
| SPRING EQ, LLC | $255,000 | $160,000 | -37.3% | 0.1% |
| LONGBRIDGE FINANCIAL, LLC | $280,000 | $155,000 | -44.6% | 0.1% |
| Potlatch No. 1 Financial Credit Union | $305,000 | $155,000 | -49.2% | 0.1% |
| RF Renovo Management Company, LLC | $145,000 | n/a | 0.0% | |
| Coastal Community Bank | $135,000 | n/a | 0.0% | |
| Willamette Valley Bank | $305,000 | $135,000 | -55.7% | 0.0% |
| KeyBank | $450,000 | $110,000 | -75.6% | 0.0% |
| Bank of the West | $665,000 | $105,000 | -84.2% | 0.0% |
| Consolidated Federal Credit Union | $105,000 | n/a | 0.0% | |
| OREGON COMMUNITY | $415,000 | $105,000 | -74.7% | 0.0% |
| BMO Harris Bank | $100,000 | n/a | 0.0% | |
| Mid Oregon Federal Credit Union | $15,000 | $75,000 | 400.0% | 0.0% |
| LAKEVIEW LOAN SERVICING, LLC | $2,150,000 | $65,000 | -97.0% | 0.0% |
| TWINSTAR | $45,000 | $65,000 | 44.4% | 0.0% |
| ALLIANT CREDIT UNION | $175,000 | $55,000 | -68.6% | 0.0% |
| FIBRE FEDERAL CREDIT UNION | $145,000 | $55,000 | -62.1% | 0.0% |
| HORIZON | $25,000 | $55,000 | 120.0% | 0.0% |
| PHH Mortgage Corporation | $300,000 | $55,000 | -81.7% | 0.0% |
| 21ST MORTGAGE CORPORATION | $155,000 | $45,000 | -71.0% | 0.0% |
| America's Credit Union | $35,000 | n/a | 0.0% | |
| RED CANOE CREDIT UNION | $25,000 | n/a | 0.0% |
Hermiston - Pendleton's top lender by overall market share is GUILD MORTGAGE COMPANY, with 13.3% market share. In second place, with 9.8%, is AMERICAN PACIFIC MORTGAGE CORPORATION, having originated $29,775,000 in loans. In third place, with 8.9%, is CMG MORTGAGE, INC., having originated $27,120,000 in loans. In fourth place, with 8.6%, is ACADEMY MORTGAGE CORPORATION, having originated $26,125,000 in loans. In fifth place, with 5.6%, is QUICKEN LOANS, LLC, having originated $17,135,000 in loans.
Hermiston-Pendleton, OR Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 825 | $226,175,000 | $274,152 |
| Cash Out Refi | 218 | $44,010,000 | $201,881 |
| Home Improvement | 136 | $11,320,000 | $83,235 |
| Other | 122 | $9,700,000 | $79,508 |
| Refi | 54 | $12,790,000 | $236,852 |
Hermiston - Pendleton's most frequently cited loan purpose was Home Purchase, with 825 originations. The 2nd most popular reason was Cash Out Refi, with 218 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 567 | $141,105,000 | $248,862 |
| 7-8% | 318 | $81,690,000 | $256,887 |
| Over 8% | 226 | $21,990,000 | $97,301 |
| 5-6% | 209 | $51,665,000 | $247,201 |
| 4-5% | 18 | $4,740,000 | $263,333 |
| <2.5% | 2 | $480,000 | $240,000 |
| 3-4% | 2 | $120,000 | $60,000 |
| 2.5-3% | 1 | $345,000 | $345,000 |
During 2023, Hermiston - Pendleton's most frequently originated rate bucket was 6-7%, with 567 originations.
Loan Sizing (Hermiston-Pendleton, OR MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $200k-400k | 718 | $202,260,000 | $281,699 |
| $100,000 or less | 272 | $13,780,000 | $50,662 |
| $100k-200k | 270 | $41,690,000 | $154,407 |
| $400k-600k | 81 | $36,715,000 | $453,272 |
| $600k-1000k | 14 | $9,550,000 | $682,143 |
Hermiston - Pendleton's loan sizing saw the bucket of loans from $200k-400k with 718 originations, totaling $202,260,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 651 | $189,735,000 | $291,452 |
| 60-80% | 244 | $62,590,000 | $256,516 |
| Under 20% | 181 | $7,715,000 | $42,624 |
| 20-40% | 126 | $12,270,000 | $97,381 |
| 40-60% | 112 | $20,840,000 | $186,071 |
| Over 100% | 29 | $8,725,000 | $300,862 |
Hermiston - Pendleton's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 651 originations, totaling $189,735,000 in origination value.