Vellum Mortgage · Oregon · 2025

Vellum Mortgage in Oregon: approval rate, denial rate and rates (2025)

Vellum Mortgage took 17 mortgage applications in Oregon in 2025, ranking #311 of 700 lenders active in the state. It originated 58.8% of them and denied 17.7% (23.1% of the applications it decided), against a statewide denial rate of 15.3%.

17Applicationsin OR
23.1%Decision denial ratestate 19.2%
7.06%Median ratestate 6.75%
$445,000Median loanstate $275,000
$4.9MVolume8 counties

Vellum Mortgage in Oregon vs the state

17.7%Denial rate+2.34 pts vs state
23.1%Decision denial rate+3.92 pts vs state
58.8%Origination rate-1.80 pts vs state
7.06%Median rate+0.31 pts vs state
0.46Rate spread (pts)+0.18 pts vs state
$156kMedian applicant income
10Loans originated
3Denied

Trend in Oregon

YearApplicationsOriginatedDenial rateMedian rateRank in state
2024850.0%6.75%#382
2025171017.7%7.06%#311

What Vellum Mortgage lends in Oregon

By loan purpose

Home purchase 9 53% · 0.0% denied
Refinance 6 35% · 16.7% denied
Cash-out refinance 1 6% · 100.0% denied
Home improvement 1 6% · 100.0% denied

By loan type

Conventional 15 88% · 6.7% denied
FHA 2 12% · 100.0% denied

Why it denied Oregon applicants

Credit history 2 67%
Collateral 1 33%

Where in Oregon

Counties with the most Vellum Mortgage applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Multnomah County 751 14.3%
Clackamas County 310 0.0%
Lane County 220 0.0%
Baker County 101 100.0%
Polk County 101 100.0%
Marion County 100 0.0%
Coos County 110 0.0%
Washington 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: 17 applications in 2025, of which 10 were originated and 3 denied.

17.7% of all applications, or 23.1% of the applications it actually decided on. The Oregon statewide average across all lenders was 15.3%.

The median rate on loans Vellum Mortgage originated in Oregon in 2025 was 7.06%, against a statewide median of 6.75%.

About this data. Figures are Vellum Mortgage'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