Homestreet Bank Mortgage Rates, Fees & Info
Seattle, WALEI: 01KWVG908KE7RKPTNP46
Tax ID: 91-1299114
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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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 7.28% | 12/16/24 |
| 30 Year Conventional Purchase | 6.42% | 12/16/24 |
| 30 Year Conventional Refi | 6.45% | 12/16/24 |
| 30 Year Cash-out Refi | 6.61% | 12/16/24 |
| 30 Year FHA Purchase | 7.04% | 12/16/24 |
| 30 Year FHA Refi | 6.25% | 12/16/24 |
| 30 Year VA Purchase | 6.13% | 12/16/24 |
| 30 Year VA Refi | 6.23% | 12/16/24 |
| 30 Year USDA Purchase | 6.38% | 12/16/24 |
| 15 Year Conventional Purchase | 6.14% | 12/16/24 |
| 15 Year Conventional Refi | 6.20% | 12/16/24 |
| 15 Year Cash-out Refi | 6.20% | 12/16/24 |
| 15 Year FHA Purchase | 5.82% | 12/16/24 |
| 15 Year VA Purchase | 6.08% | 12/16/24 |
| 15 Year VA Refi | 5.71% | 12/16/24 |
| 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
1,466Origination Dollar Volume (All Markets)
$746,900,000Awards
HomeStreet Bank - 2023
HomeStreet Bank is a 2023 , due to their low .
For 2023, less than of lenders were eligible for this award.
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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% |
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
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
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
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
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
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
2023 saw Homestreet Bank place emphasis on $200k-400k loans with 434 originations, totaling $128,550,000 in origination value.
Applicant Income
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
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
Approval Rates
Total approvals of all applications78.89%
Homestreet Bank has a below average approval rate.
Pick Rate
Approvals leading to origination70.40%
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 |