Willamette Valley Bank Mortgage Interest Rate and Cost Review

Is Willamette Valley Bank a cheap or expensive mortgage lender? To help you shop for a mortgage, we compare the interest rates and closing costs charged by Willamette Valley Bank to those of other lenders for a comparable set of borrowers. Here is our review of Willamette Valley Bank nationally:

Review ItemWillamette Valley Bank
Interest Ratesimilar to other lenders (+0.08%)
Loan Related Closing Costssimilar to other lenders (+$154)
National Rate and Closing Cost Star Rating(3)

On average, Willamette Valley Bank’s interest rates were similar to those of other lenders (+0.08%). Its loan related closing costs were also similar to those of other lenders, with a difference of +$154. Overall, combining interest rates and closing costs we estimate that Willamette Valley Bank tends to be an average cost lender, and give it a National Rate and Closing Costs Rating of 3 out of 5 stars. We maintain our independence by not accepting any money from the mortgage lenders we review. To visit Willamette Valley Bank, its website is located at: https://www.willamettevalleybank.com.

Willamette Valley Bank’s Rate Review by City

Mortgage lenders often set different rates in different geographical markets. For our list of the top mortgage lenders in your area, click here. In particular, among the cities we track Willamette Valley Bank was most active in:

  1. Hayden, ID
  2. Boise City, ID
  3. Portland, OR
  4. Medford, OR
  5. Spokane, WA

Willamette Valley Bank’s Rate Review by Mortgage Type

Mortgage lenders also tend to charge different interest rates and closing costs depending on the type of mortgage. In our data, Willamette Valley Bank originated Conforming, FHA, Jumbo, USDA and VA mortgages for new home purchases. It also originated Conforming, FHA, Jumbo and VA mortgages for refinances. Its average interest rate and total loan related closing cost difference relative to other lenders for comparable borrowers by mortgages type is as follows.

Purchase/Refinance:
New Purchase MortgagesConformingFHAJumboUSDAVA
Interest Rate Difference+0.10%+0.08%+0.04%+0.02%+0.09%
Loan Related Closing Cost Difference+$187+$282+$117+$6-$25
Cost Adjusted Rate Difference+0.11%+0.10%+0.04%+0.02%+0.09%
National Star Rating(3)(3)(3.5)(3.5)(3)
Refinance MortgagesConformingFHAJumboVA
Interest Rate Difference+0.04%+0.01%+0.01%+0.06%
Loan Related Closing Cost Difference+$104+$37+$49-$67
Cost Adjusted Rate Difference+0.05%+0.01%+0.01%+0.05%
Average Star Rating(3.5)(3.5)(3.5)(3)

As a summary, Willamette Valley Bank is similar to other lenders for Jumbo and USDA purchase mortgages. It is more expensive than other lenders for Conforming, FHA and VA purchase mortgages. For refinancing mortgages, Willamette Valley Bank is similar to other lenders for Conforming, FHA and Jumbo mortgage refinance. It is more expensive than other lenders for VA mortgage refinance. Nevertheless, individual circumstances can matter a lot for mortgage rates, and we always recommend shopping among several of our top mortgage lenders in your area before signing.

Other information about Willamette Valley Bank:

Registered name: Willamette Valley Bank
Registered city and state: West Linn, OR, 97068
Regulator: Federal Deposit Insurance Corporation (FDIC)
Top holder: OREGON BANCORP, INC.

* Source of the data is Federal Financial Institutions Examination Council (FFIEC) and is for mortgages originated in the past year. Our comparable mortgages analysis controls for Willamette Valley Bank’s distribution of loan term (e.g. 30 year vs 15 year), loan-to-value (LTV), debt-to-income (DTI), loan amount, loan program (e.g. Conforming/FHA), loan purpose (e.g. purchase/refinance), and commuting zone. Cost adjusted rates were computed based on each percent of the loan amount in above average loan related closing costs being worth +0.15 of a percentage point in interest rate. Furthermore, the amounts are regularized using a Bayesian approach to control for small samples.