Homestreet Bank Mortgage Rates, Fees & Info

Seattle, WA

LEI: 01KWVG908KE7RKPTNP46

Tax ID: 91-1299114

3.6 stars - Updated: 7/11/24 - out of 5 stars, based on 38 reviews

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

Review & Overview

Homestreet Bank is a smaller bank specializing in Home Purchase loans. Homestreet Bank has a high proportion of conventional loans. They have an average proportion of FHA loans. Their top markets by origination volume include: Seattle, Portland, Los Angeles, Salt Lake City, and San Francisco among others. We have data for 66 markets. (Some data included below & more in-depth data is available with an active subscription.)

Homestreet Bank has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Homestreet Bank is typically a high fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have relatively high rates.

We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
Home Equity Line of Credit (HELOC) 7.28% 7/11/24
30 Year Conventional Purchase 6.42% 7/11/24
30 Year Conventional Refi 6.45% 7/11/24
30 Year Cash-out Refi 6.61% 7/11/24
30 Year FHA Purchase 7.04% 7/11/24
30 Year FHA Refi 6.25% 7/11/24
30 Year VA Purchase 6.13% 7/11/24
30 Year VA Refi 6.23% 7/11/24
30 Year USDA Purchase 6.38% 7/11/24
15 Year Conventional Purchase 6.14% 7/11/24
15 Year Conventional Refi 6.20% 7/11/24
15 Year Cash-out Refi 6.20% 7/11/24
15 Year FHA Purchase 5.82% 7/11/24
15 Year VA Purchase 6.08% 7/11/24
15 Year VA Refi 5.71% 7/11/24
These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

Homestreet Bank Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from Homestreet Bank. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

The default purchase price is the median sales price across the US for 2022Q4, per FRED.


Originations

1,466

Origination Dollar Volume (All Markets)

$746,900,000

Awards

HomeStreet Bank FHA Loans silver HomeStreet Bank FHA Loans bronze
Show all (2) awards

Relative Rate

Homestreet Bank's average 30 year fixed mortgage rate was 6.59%.

The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

This yields a difference of 0.11%.

Relative Fees (Closing Costs)

Homestreet Bank's average total fees/closing costs for a 30 year fixed rate mortgage were $10,172.

The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $9,089.

Top Markets

Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.

Market Originations Total Value Average Loan Average Fees Average Rate
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 657 $280,965,000 $427,648 $10,249 7.54%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 263 $131,035,000 $498,232 $9,638 7.48%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 71 $76,615,000 $1,079,085 $11,139 8.05%
SALT LAKE CITY, UT (FHA|USDA|VA) 1 $39,905,000 $39,905,000 $0 5.97%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 8 $27,480,000 $3,435,000 $0 7.35%
BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) 41 $21,505,000 $524,512 $10,396 7.13%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 46 $18,430,000 $400,652 $10,228 8.01%
SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 4 $12,220,000 $3,055,000 $8,052 7.39%
SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) 39 $11,085,000 $284,231 $10,439 7.43%
OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) 39 $10,425,000 $267,308 $9,036 7.83%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 27 $8,475,000 $313,889 $6,061 8.45%
Kalispell, MT (FHA|USDA|VA) 1 $8,175,000 $8,175,000 $0 6.22%
Outside of Metro Areas 24 $6,930,000 $288,750 $9,139 7.24%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 9 $6,905,000 $767,222 $8,460 7.57%
LONGVIEW, WA (FHA|USDA|VA) 17 $6,015,000 $353,824 $10,826 7.52%
Bozeman, MT (FHA|USDA|VA) 1 $6,005,000 $6,005,000 $0 4.77%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 5 $5,825,000 $1,165,000 $13,120 7.23%
URBAN HONOLULU, HI (FHA|USDA|VA) 16 $4,940,000 $308,750 $16,090 6.60%
Centralia, WA (FHA|USDA|VA) 11 $4,475,000 $406,818 $8,939 7.37%
Hilo, HI (FHA|USDA|VA) 16 $4,460,000 $278,750 $12,428 6.81%
WENATCHEE, WA (FHA|USDA|VA) 9 $4,055,000 $450,556 $12,878 7.61%
Shelton, WA (FHA|USDA|VA) 13 $3,915,000 $301,154 $12,101 7.48%
Hermiston-Pendleton, OR (FHA|USDA|VA) 16 $3,770,000 $235,625 $9,031 6.89%
Oak Harbor, WA (FHA|USDA|VA) 10 $3,640,000 $364,000 $4,484 7.78%
BEND, OR (FHA|USDA|VA) 8 $3,400,000 $425,000 $15,585 8.23%
SALEM, OR (FHA|USDA|VA) 16 $3,270,000 $204,375 $9,939 7.37%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 3 $3,175,000 $1,058,333 $0 7.73%
Ellensburg, WA (FHA|USDA|VA) 2 $2,650,000 $1,325,000 $7,566 7.00%
MOUNT VERNON-ANACORTES, WA (FHA|USDA|VA) 6 $1,950,000 $325,000 $10,616 7.87%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 1 $1,765,000 $1,765,000 $0 5.31%
MEDFORD, OR (FHA|USDA|VA) 1 $1,715,000 $1,715,000 $0 7.15%
BELLINGHAM, WA (FHA|USDA|VA) 6 $1,510,000 $251,667 $4,566 7.81%
EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) 6 $1,510,000 $251,667 $0 8.15%
LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 4 $1,410,000 $352,500 $7,213 6.81%
Brookings, OR (FHA|USDA|VA) 4 $1,250,000 $312,500 $11,494 6.25%
WALLA WALLA, WA (FHA|USDA|VA) 3 $1,215,000 $405,000 $5,832 6.96%
KENNEWICK-RICHLAND, WA (FHA|USDA|VA) 7 $1,185,000 $169,286 $12,986 7.89%
Newport, OR (FHA|USDA|VA) 3 $1,105,000 $368,333 $5,449 7.13%
Aberdeen, WA (FHA|USDA|VA) 4 $990,000 $247,500 $17,462 7.93%
Port Angeles, WA (FHA|USDA|VA) 3 $965,000 $321,667 $6,597 6.92%
Moses Lake, WA (FHA|USDA|VA) 3 $935,000 $311,667 $10,907 7.68%
The Dalles, OR (FHA|USDA|VA) 3 $905,000 $301,667 $8,338 7.29%
KAHULUI-WAILUKU-LAHAINA, HI (FHA|USDA|VA) 4 $820,000 $205,000 $9,670 7.00%
YAKIMA, WA (FHA|USDA|VA) 2 $760,000 $380,000 $12,160 7.31%
SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) 3 $735,000 $245,000 $6,743 7.67%
Outside of Metro Areas 3 $705,000 $235,000 $14,727 7.00%
Hailey, ID (FHA|USDA|VA) 1 $705,000 $705,000 $0 6.25%
ALBANY-LEBANON, OR (FHA|USDA|VA) 3 $525,000 $175,000 $8,650 7.44%
LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) 3 $445,000 $148,333 $0 8.95%
OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 3 $405,000 $135,000 $0 8.45%
Kapaa, HI (FHA|USDA|VA) 1 $395,000 $395,000 $19,469 6.63%
BAKERSFIELD, CA (FHA|USDA|VA) 1 $335,000 $335,000 $3,464 7.63%
Hood River, OR (FHA|USDA|VA) 1 $315,000 $315,000 $19,656 6.63%
NAPA, CA (FHA|USDA|VA) 2 $310,000 $155,000 $0 8.25%
ANCHORAGE, AK (FHA|USDA|VA) 1 $305,000 $305,000 $13,524 6.63%
Glenwood Springs, CO (FHA|USDA|VA) 1 $285,000 $285,000 $0 6.88%
SALINAS, CA (FHA|USDA|VA) 1 $255,000 $255,000 $0 8.25%
VALLEJO, CA (FHA|USDA|VA) 1 $245,000 $245,000 $6,241 7.88%
Klamath Falls, OR (FHA|USDA|VA) 1 $225,000 $225,000 $5,063 6.88%
Ontario, OR-ID (FHA|USDA|VA) 1 $215,000 $215,000 $9,657 6.63%
Coos Bay, OR (FHA|USDA|VA) 1 $205,000 $205,000 $11,412 5.63%
Roseburg, OR (FHA|USDA|VA) 1 $195,000 $195,000 $6,834 6.50%
Moscow, ID (FHA|USDA|VA) 1 $125,000 $125,000 $0 8.50%
FORT COLLINS, CO (FHA|USDA|VA) 1 $115,000 $115,000 $0 7.75%
SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 1 $65,000 $65,000 $0 8.60%
CORVALLIS, OR (FHA|USDA|VA) 1 $55,000 $55,000 $0 8.50%
Homestreet Bank's top markets include Seattle, Portland, Los Angeles, Salt Lake City, and San Francisco among others.

Their top states include:
  • Washington (FHA|USDA|VA)
  • California (FHA|USDA|VA)
  • Oregon (FHA|USDA|VA)
  • Utah (FHA|USDA|VA)
  • Montana (FHA|USDA|VA)
  • Similar Lenders

    We use machine learning to identify the top lenders compared against HomeStreet Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    HELOC 683 $173,545,000 $254,092 n/a 8.65%
    Conventional 630 $508,150,000 $806,587 $8,798 6.65%
    FHA 98 $37,510,000 $382,755 $16,266 6.27%
    VA 55 $27,695,000 $503,545 $13,031 6.10%

    For 2023, Homestreet Bank's most frequently originated type of loan was HELOC, with 683 originations. Their 2nd most popular type was Conventional, with 630 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 732 $473,720,000 $647,158 $10,126 6.72%
    Home Improvement 393 $84,185,000 $214,211 $6,779 8.60%
    Other 190 $42,320,000 $222,737 $10,495 8.55%
    Cash Out Refi 124 $41,960,000 $338,387 $11,197 7.82%
    Refi 27 $104,715,000 $3,878,333 $7,397 5.84%

    For 2023, Homestreet Bank's most frequently cited loan purpose was Home Purchase, with 732 originations. The 2nd most popular reason was Home Improvement, with 393 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 755 $502,165,000 $665,119 $10,172 6.59%
    Other 686 $214,760,000 $313,061 $1,861 8.63%
    15 Year 11 $3,925,000 $356,818 $6,935 6.18%
    10 Year 9 $22,325,000 $2,480,556 $4,409 6.30%
    30+ year 3 $975,000 $325,000 $17,699 5.79%
    20 Year 1 $305,000 $305,000 $3,995 5.25%
    5 Year 1 $2,445,000 $2,445,000 $0 6.95%

    For 2023, Homestreet Bank's most frequently cited loan duration was 30 Year, with 755 originations. The 2nd most popular length was Other, with 686 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $5k+ 329 $179,615,000 $545,942
    $1k-2k 160 $118,390,000 $739,938
    $4k-5k 92 $33,850,000 $367,935
    $3k-4k 82 $32,570,000 $397,195
    $2k-3k 59 $21,645,000 $366,864
    $<1k 5 $2,125,000 $425,000

    Homestreet Bank's average total fees were $10,172, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 329 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    Over 8% 595 $158,205,000 $265,891
    6-7% 425 $229,615,000 $540,271
    7-8% 281 $132,955,000 $473,149
    5-6% 140 $126,340,000 $902,429
    4-5% 17 $96,775,000 $5,692,647
    3-4% 6 $1,700,000 $283,333
    <2.5% 2 $1,310,000 $655,000

    During 2023, Homestreet Bank's average interest rate for loans was 6.59%, while their most frequently originated rate bucket for loans was Over 8%, with 595 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 434 $128,550,000 $296,198 $8,983 7.33%
    $400k-600k 299 $144,455,000 $483,127 $10,808 7.06%
    $100k-200k 251 $35,505,000 $141,454 $6,288 8.26%
    $600k-1MM 197 $147,095,000 $746,675 $12,316 6.99%
    $100,000 or less 182 $11,940,000 $65,604 $4,770 8.69%
    $1MM+ 103 $279,355,000 $2,712,184 $9,273 7.07%

    2023 saw Homestreet Bank place emphasis on $200k-400k loans with 434 originations, totaling $128,550,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 391 $161,135,000 $412,110 $10,073 7.61%
    $100k-150k 344 $107,290,000 $311,890 $10,643 7.46%
    $250k+ 344 $228,600,000 $664,535 $10,395 7.83%
    $75k-100k 158 $39,840,000 $252,152 $10,470 7.33%
    $50k-75k 144 $28,890,000 $200,625 $8,897 7.21%
    $50k or less 43 $5,285,000 $122,907 $6,231 7.69%

    Homestreet Bank lent most frequently to those with incomes in the $150k-250k range, with 391 originations. The second most popular income band? $100k-150k, with 344 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 224 $89,950,000 $401,563 $9,421 7.66%
    20-30% 170 $72,640,000 $427,294 $8,828 7.55%
    44% 142 $46,820,000 $329,718 $8,761 8.22%
    39% 114 $34,770,000 $305,000 $8,719 7.92%
    42% 72 $33,070,000 $459,306 $10,905 7.50%
    38% 71 $21,665,000 $305,141 $9,212 7.80%
    43% 71 $29,675,000 $417,958 $9,852 7.49%
    40% 69 $29,315,000 $424,855 $9,788 7.66%
    37% 65 $27,425,000 $421,923 $8,958 7.78%
    36% 63 $23,655,000 $375,476 $8,331 7.74%
    <20% 62 $22,580,000 $364,194 $8,882 7.52%
    41% 59 $27,275,000 $462,288 $8,785 7.76%
    45% 55 $22,505,000 $409,182 $10,967 7.48%
    48% 49 $23,835,000 $486,429 $12,688 6.63%
    49% 45 $22,395,000 $497,667 $9,740 6.98%
    50-60% 41 $19,035,000 $464,268 $17,231 6.13%
    46% 39 $15,115,000 $387,564 $10,086 6.68%
    47% 31 $13,005,000 $419,516 $10,007 6.73%
    >60% 2 $1,520,000 $760,000 $23,992 6.88%

    Homestreet Bank lent most frequently to those with DTI ratios of 30-36%, with 224 originations. The next most common DTI ratio? 20-30%, with 170 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 950 $367,820,000 $387,179 $9,751 7.61%
    Not applicable 22 $170,650,000 $7,756,818 $0 5.65%
    Not provided 291 $124,445,000 $427,646 $10,045 7.56%
    Asian 106 $49,090,000 $463,113 $11,528 7.55%
    Black 48 $15,030,000 $313,125 $12,417 7.41%
    American Indian 22 $8,540,000 $388,182 $9,336 7.46%
    Native Hawaiian or Islander 23 $8,435,000 $366,739 $12,622 6.31%
    Korean 2 $1,890,000 $945,000 $5,084 7.81%
    Asian Indian 2 $1,000,000 $500,000 $8,156 7.78%

    Approval Rates

    Total approvals of all applications
    78.89%

    Homestreet Bank has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    70.40%

    Homestreet Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 1,466 $746,900,000 $509,482

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    1,466 $746,900,000 $509,482

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 313 $86,125,000 $275,160 $6,331 8.36%
    40-60% 157 $102,205,000 $650,987 $8,454 7.21%
    60-80% 305 $319,625,000 $1,047,951 $9,206 6.84%
    80-100% 346 $184,980,000 $534,624 $11,397 6.60%
    Over 100% 12 $5,680,000 $473,333 $21,635 6.08%
    Under 20% 333 $48,285,000 $145,000 $4,722 8.58%