Heritage Bank · Oregon · 2025

Heritage Bank in Oregon: approval rate, denial rate and rates (2025)

Heritage Bank took 52 mortgage applications in Oregon in 2025, ranking #217 of 700 lenders active in the state. It originated 61.5% of them and denied 28.9% (30.0% of the applications it decided), against a statewide denial rate of 15.3%.

52Applicationsin OR
30.0%Decision denial ratestate 19.2%
7.37%Median ratestate 6.75%
$190,000Median loanstate $275,000
$23MVolume12 counties

Heritage Bank in Oregon vs the state

28.9%Denial rate+13.54 pts vs state
30.0%Decision denial rate+10.84 pts vs state
61.5%Origination rate+0.92 pts vs state
7.37%Median rate+0.62 pts vs state
0.50Rate spread (pts)+0.22 pts vs state
$144kMedian applicant income
32Loans originated
15Denied

Trend in Oregon

YearApplicationsOriginatedDenial rateMedian rateRank in state
2023634620.6%6.37%#185
2024533920.8%8.49%#198
2025523228.9%7.37%#217

What Heritage Bank lends in Oregon

By loan purpose

Home purchase 11 21% · 18.2% denied
Refinance 14 27% · 14.3% denied
Home improvement 15 29% · 46.7% denied
Other / HELOC 12 23% · 33.3% denied

By loan type

Conventional 52 100% · 28.9% denied

Why it denied Oregon applicants

Debt-to-income ratio 8 53%
Other 3 20%
Credit history 2 13%
Collateral 2 13%

Where in Oregon

Counties with the most Heritage Bank applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Washington County 1576 40.0%
Multnomah County 14103 21.4%
Lane County 1063 30.0%
Clackamas County 431 25.0%
Benton County 210 0.0%
Yamhill County 110 0.0%
Linn County 101 100.0%
Umatilla County 110 0.0%
Deschutes County 110 0.0%
Clatsop County 110 0.0%

Other large lenders in Oregon

LenderGradeApplicationsDenial rateMedian rate
Onpoint Community Credit UnionB 10,71015.7%7.50%
Rocket MortgageC 6,64916.3%6.75%
United Shore Financial ServicesB 6,60010.4%6.25%
Guild MortgageA 6,0342.6%6.55%
U.S. BankD 4,87531.6%7.85%
Umpqua BankC 3,15523.0%7.50%
NewrezD 2,94512.9%6.63%
CMG MortgageA 2,7022.9%6.50%
Pennymac Loan ServicesC 2,64210.2%6.62%
Rogue Credit UnionC 2,51110.2%7.49%

Frequently asked questions

Oregon: 52 applications in 2025, of which 32 were originated and 15 denied.

28.9% of all applications, or 30.0% of the applications it actually decided on. The Oregon statewide average across all lenders was 15.3%.

The median rate on loans Heritage Bank originated in Oregon in 2025 was 7.37%, against a statewide median of 6.75%.

About this data. Figures are Heritage Bank's own HMDA filing for properties located in Oregon, 2025. The grade is national; state-level figures are shown for context and are not separately graded. Methodology