Applications / Mortgage Analytics / Lenders / Oregon / LPMC
Salem, OR · Independent non-bank lender · CFPB · 270 loans in 2025
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270
loans originated, 2025
363
applications, 2025
3
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
LPMC, a Salem, Oregon, non-bank lender, is a home-purchase specialist that leans more on government-backed loans and manufactured homes than its peers do.
Purchases made up 82.2% of its loans in 2025. Loans insured by the Federal Housing Administration (FHA) were 28.1% of its lending, against 17.5% at the typical similar lender (independent non-bank lenders making between half and twice as many loans). Loans guaranteed by the Department of Veterans Affairs (VA) were 9.3%, against 4.1%.
Manufactured homes made up 8.9% of its loans, against 0.1% at the typical peer, a higher share than at about nine in ten similar lenders. Even so, none of its loans in 2025 was higher-priced (a rate well above the average for similar loans), against 1.5% for the typical peer.
It has lent in Salem since 2013 and holds 1.3% of that market, 23rd of 325 lenders, the same share as a year earlier. In Albany it holds 0.8%. Its loans rose 1% in 2025, in line with similar lenders, while the market grew 10%.
It made 2,135 loans in 2020 and only 270 in 2025. The decline ran from 2021 to 2023 and has since leveled off. Its typical rate was 3.00% in 2020 and 6.50% in 2025, and the end of cheap mortgages may account for much of the fall. It turned down 2.4% of home-purchase applications, against 3.5% for the typical peer.
Similar lenders: same lender type, originations between half and twice the lender's in the data year. Written from the 2025 HMDA data and checked figure by figure against it.
FIG. 1 — LOANS ORIGINATED, 2018–2025
Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. LPMC took 363 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Purchase 82.2% · Refinance 17.8%
Conventional 61.5% · FHA 28.1% · VA 9.3% · USDA (RHS or FSA) 1.1% · of 270 loans. Purchase: buying a home. Refinance: replacing an existing mortgage, including cash-out. FHA: insured by the Federal Housing Administration. VA: guaranteed by the Department of Veterans Affairs. Conventional: neither.
SOURCE: FFIEC HMDA 2025, LOANS ORIGINATED
Where it lends, 2025
| State | Loans | Share |
|---|---|---|
| Oregon | 244 | 90.4% |
| Washington | 23 | 8.5% |
| Idaho | 3 | 1.1% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Salem | 94 |
| Bend | 25 |
| Albany | 20 |
| Eugene-Springfield | 18 |
| Portland-Vancouver-Hillsboro | 18 |
| Kennewick-Richland | 13 |
| Corvallis | 8 |
| Medford | 2 |
| Coeur d'Alene | 1 |
| Longview-Kelso | 1 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 5493006KXUHSYFT7SD10 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 4730202 | 2014–2023 |
| Respondent ID (the HMDA filer code before 2018) | 7274626537 |
Established 24 January 2011. Reported under HMDA 2013-2025.
Mergers, name changes, data editions and corrections: LPMC's data.
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