Homestreet Bank Mortgage Rates, Fees & Info

Seattle, WA

LEI: 01KWVG908KE7RKPTNP46

Tax ID: 91-1299114

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

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  • SimulatedRates™
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    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Bank Data

  • Branches
  • Income
  • Loan Types
  • Deposit Mix
  • Loan Performance
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    • Review & Overview

    Homestreet Bank is a mid-sized bank specializing in Refi and Home Purchase loans. Homestreet Bank has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) They have a low ratio of USDA loans. Their top markets by origination volume include: Seattle, Los Angeles, Portland, Spokane, and Bremerton among others. We have data for 100 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Homestreet Bank has an above 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 an average 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 about average 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% 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

    6,879

    Origination Dollar Volume (All Markets)

    $3,984,245,000

    Employee count

    1,008 Show all (9) awards

    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) 3,390 $1,476,370,000 $435,507 $5,253 3.32%
    Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 290 $765,140,000 $2,638,414 $6,345 3.53%
    PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 1,282 $511,990,000 $399,368 $5,349 3.23%
    SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) 265 $109,885,000 $414,660 $4,695 3.29%
    BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) 210 $75,910,000 $361,476 $5,258 3.22%
    San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 30 $73,100,000 $2,436,667 $7,557 3.61%
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 46 $71,430,000 $1,552,826 $5,259 3.33%
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 82 $63,740,000 $777,317 $5,922 3.65%
    Outside of Metro Areas 24 $56,930,000 $2,372,083 $5,316 3.19%
    OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) 188 $54,230,000 $288,457 $4,510 3.36%
    SALT LAKE CITY, UT (FHA|USDA|VA) 3 $49,335,000 $16,445,000 $5,961 3.21%
    WENATCHEE, WA (FHA|USDA|VA) 85 $39,665,000 $466,647 $5,111 3.26%
    STOCKTON, CA (FHA|USDA|VA) 8 $39,640,000 $4,955,000 $8,681 3.38%
    MEDFORD, OR (FHA|USDA|VA) 12 $36,000,000 $3,000,000 $9,153 3.58%
    YAKIMA, WA (FHA|USDA|VA) 22 $28,330,000 $1,287,727 $6,325 3.79%
    ALBANY-LEBANON, OR (FHA|USDA|VA) 6 $26,220,000 $4,370,000 $6,800 3.68%
    URBAN HONOLULU, HI (FHA|USDA|VA) 70 $25,010,000 $357,286 $9,783 3.28%
    Outside of Metro Areas 86 $23,860,000 $277,442 $4,678 3.25%
    SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 38 $22,510,000 $592,368 $8,120 3.61%
    SALEM, OR (FHA|USDA|VA) 46 $22,410,000 $487,174 $4,669 3.16%
    DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 12 $22,240,000 $1,853,333 $4,853 3.24%
    FRESNO, CA (FHA|USDA|VA) 8 $21,070,000 $2,633,750 $10,333 3.87%
    LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 12 $18,260,000 $1,521,667 $4,893 3.23%
    BOISE CITY, ID (FHA|USDA|VA) 22 $18,020,000 $819,091 $3,973 3.44%
    LONGVIEW, WA (FHA|USDA|VA) 46 $17,710,000 $385,000 $4,748 3.25%
    SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 16 $16,150,000 $1,009,375 $6,416 3.32%
    Hermiston-Pendleton, OR (FHA|USDA|VA) 68 $14,570,000 $214,265 $5,012 3.27%
    IDAHO FALLS, ID (FHA|USDA|VA) 3 $14,455,000 $4,818,333 $0 3.31%
    BILLINGS, MT (FHA|USDA|VA) 2 $14,420,000 $7,210,000 $0 3.65%
    SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 13 $14,245,000 $1,095,769 $3,996 3.49%
    KENNEWICK-RICHLAND, WA (FHA|USDA|VA) 53 $13,565,000 $255,943 $5,663 3.57%
    Bozeman, MT (FHA|USDA|VA) 1 $12,955,000 $12,955,000 $0 3.75%
    EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) 13 $12,585,000 $968,077 $3,889 3.67%
    BEND, OR (FHA|USDA|VA) 21 $11,675,000 $555,952 $4,202 3.47%
    Ellensburg, WA (FHA|USDA|VA) 24 $11,520,000 $480,000 $5,734 3.27%
    Oak Harbor, WA (FHA|USDA|VA) 27 $10,975,000 $406,481 $4,554 3.35%
    Newport, OR (FHA|USDA|VA) 8 $10,710,000 $1,338,750 $4,930 3.53%
    MISSOULA, MT (FHA|USDA|VA) 3 $10,165,000 $3,388,333 $0 3.40%
    Shelton, WA (FHA|USDA|VA) 41 $10,085,000 $245,976 $4,357 3.22%
    MOUNT VERNON-ANACORTES, WA (FHA|USDA|VA) 31 $10,035,000 $323,710 $4,204 3.68%
    CHEYENNE, WY (FHA|USDA|VA) 1 $9,425,000 $9,425,000 $0 3.06%
    POCATELLO, ID (FHA|USDA|VA) 1 $9,005,000 $9,005,000 $0 3.14%
    BAKERSFIELD, CA (FHA|USDA|VA) 7 $8,725,000 $1,246,429 $5,073 3.21%
    SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 1 $6,965,000 $6,965,000 $0 3.35%
    KAHULUI-WAILUKU-LAHAINA, HI (FHA|USDA|VA) 22 $6,950,000 $315,909 $6,831 3.26%
    Aberdeen, WA (FHA|USDA|VA) 29 $6,815,000 $235,000 $4,938 3.36%
    CORVALLIS, OR (FHA|USDA|VA) 8 $5,780,000 $722,500 $6,691 3.63%
    Centralia, WA (FHA|USDA|VA) 19 $5,415,000 $285,000 $4,333 3.14%
    BELLINGHAM, WA (FHA|USDA|VA) 18 $5,080,000 $282,222 $4,450 3.14%
    AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 1 $4,695,000 $4,695,000 $0 3.65%
    SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) 2 $4,670,000 $2,335,000 $3,862 3.19%
    Hilo, HI (FHA|USDA|VA) 17 $4,295,000 $252,647 $6,864 3.48%
    NAPA, CA (FHA|USDA|VA) 6 $4,080,000 $680,000 $0 5.23%
    VALLEJO, CA (FHA|USDA|VA) 2 $3,260,000 $1,630,000 $0 3.51%
    SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 2 $2,990,000 $1,495,000 $0 4.61%
    Hailey, ID (FHA|USDA|VA) 3 $2,575,000 $858,333 $4,691 3.51%
    PUEBLO, CO (FHA|USDA|VA) 1 $2,505,000 $2,505,000 $0 3.40%
    Coos Bay, OR (FHA|USDA|VA) 11 $2,335,000 $212,273 $3,846 3.56%
    Roseburg, OR (FHA|USDA|VA) 8 $2,200,000 $275,000 $4,867 3.16%
    Kapaa, HI (FHA|USDA|VA) 6 $2,180,000 $363,333 $9,461 3.38%
    Astoria, OR (FHA|USDA|VA) 7 $2,115,000 $302,143 $4,101 3.27%
    Moses Lake, WA (FHA|USDA|VA) 8 $1,940,000 $242,500 $5,794 3.75%
    Port Angeles, WA (FHA|USDA|VA) 7 $1,725,000 $246,429 $5,409 2.93%
    SALINAS, CA (FHA|USDA|VA) 3 $1,465,000 $488,333 $14,178 3.21%
    OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 4 $1,400,000 $350,000 $5,253 3.16%
    WALLA WALLA, WA (FHA|USDA|VA) 5 $1,325,000 $265,000 $5,726 3.15%
    LEWISTON, ID-WA (FHA|USDA|VA) 5 $1,105,000 $221,000 $4,849 3.10%
    LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) 5 $1,075,000 $215,000 $4,975 3.48%
    Prineville, OR (FHA|USDA|VA) 2 $1,060,000 $530,000 $5,971 3.31%
    Brookings, OR (FHA|USDA|VA) 3 $1,005,000 $335,000 $4,665 2.96%
    Gardnerville Ranchos, NV (FHA|USDA|VA) 3 $1,005,000 $335,000 $3,687 3.29%
    BOULDER, CO (FHA|USDA|VA) 1 $935,000 $935,000 $7,979 3.00%
    TUCSON, AZ (FHA|USDA|VA) 5 $905,000 $181,000 $5,568 3.83%
    MODESTO, CA (FHA|USDA|VA) 4 $810,000 $202,500 $3,754 3.92%
    YUBA CITY, CA (FHA|USDA|VA) 2 $810,000 $405,000 $2,982 2.75%
    CHICO, CA (FHA|USDA|VA) 5 $765,000 $153,000 $3,846 4.43%
    SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) 1 $745,000 $745,000 $12,197 3.38%
    Hood River, OR (FHA|USDA|VA) 2 $640,000 $320,000 $6,703 2.88%
    Othello, WA (FHA|USDA|VA) 3 $605,000 $201,667 $5,093 3.54%
    Ontario, OR-ID (FHA|USDA|VA) 3 $505,000 $168,333 $3,847 3.91%
    Heber, UT (FHA|USDA|VA) 1 $485,000 $485,000 $5,877 3.25%
    Klamath Falls, OR (FHA|USDA|VA) 3 $475,000 $158,333 $3,151 3.33%
    Pullman, WA (FHA|USDA|VA) 3 $425,000 $141,667 $6,279 3.63%
    Glenwood Springs, CO (FHA|USDA|VA) 1 $375,000 $375,000 $2,206 3.00%
    The Dalles, OR (FHA|USDA|VA) 3 $345,000 $115,000 $3,620 3.58%
    GREELEY, CO (FHA|USDA|VA) 1 $345,000 $345,000 $3,501 2.75%
    Red Bluff, CA (FHA|USDA|VA) 1 $285,000 $285,000 $3,600 3.50%
    TWIN FALLS, ID (FHA|USDA|VA) 2 $280,000 $140,000 $3,086 4.82%
    OGDEN-CLEARFIELD, UT (FHA|USDA|VA) 1 $265,000 $265,000 $3,942 2.63%
    Sandpoint, ID (FHA|USDA|VA) 2 $260,000 $130,000 $3,100 4.98%
    PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 1 $245,000 $245,000 $0 2.88%
    Pahrump, NV (FHA|USDA|VA) 1 $225,000 $225,000 $5,902 2.88%
    Payson, AZ (FHA|USDA|VA) 1 $185,000 $185,000 $3,523 2.88%
    PROVO-OREM, UT (FHA|USDA|VA) 2 $180,000 $90,000 $2,697 3.38%
    Sonora, CA (FHA|USDA|VA) 1 $175,000 $175,000 $3,719 4.50%
    Clearlake, CA (FHA|USDA|VA) 1 $165,000 $165,000 $4,100 3.63%
    MADERA, CA (FHA|USDA|VA) 1 $155,000 $155,000 $8,533 2.88%
    Burley, ID (FHA|USDA|VA) 1 $145,000 $145,000 $3,343 3.63%
    Juneau, AK (FHA|USDA|VA) 1 $145,000 $145,000 $2,761 3.88%
    MERCED, CA (FHA|USDA|VA) 1 $85,000 $85,000 $4,248 5.38%
    Homestreet Bank's top markets include Seattle, Los Angeles, Portland, Spokane, and Bremerton among others.

    Their top states include:
  • Washington (FHA|USDA|VA)
  • California (FHA|USDA|VA)
  • Oregon (FHA|USDA|VA)
  • Idaho (FHA|USDA|VA)
  • Arizona (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.

    HAWAIIAN FINANCIAL
    Similarity Rank: 92
    ALOHA PACIFIC
    Similarity Rank: 124
    University of Hawaii Federal Credit Union
    Similarity Rank: 204
    SPOKANE FIREFIGHTERS CREDIT UNION
    Similarity Rank: 231
    Yakima Federal Savings and Loan Association
    Similarity Rank: 250
    HAWAII STATE FEDERAL CREDIT UNION
    Similarity Rank: 316
    Territorial Savings Bank
    Similarity Rank: 368
    TRISTAR FINANCE, INC.
    Similarity Rank: 378
    First Hawaiian Bank
    Similarity Rank: 412
    American Mortgage and Insurance Inc.
    Similarity Rank: 495

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 5,678 $3,659,770,000 $644,553 $4,808 3.21%
    HELOC 496 $82,220,000 $165,766 n/a 4.90%
    VA 362 $134,990,000 $372,901 $7,091 2.92%
    FHA 324 $102,750,000 $317,130 $11,094 3.31%
    USDA 19 $4,515,000 $237,632 $6,297 3.04%

    For 2020, Homestreet Bank's most frequently originated type of loan was Conventional, with 5,678 originations. Their 2nd most popular type was HELOC, with 496 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 2,996 $2,014,940,000 $672,543 $4,200 3.17%
    Home Purchase 2,077 $1,453,225,000 $699,675 $6,807 3.23%
    Cash Out Refi 1,352 $435,040,000 $321,775 $5,381 3.34%
    Other 276 $46,720,000 $169,275 $5,206 4.75%
    Home Improvement 178 $34,320,000 $192,809 $5,352 4.51%

    For 2020, Homestreet Bank's most frequently cited loan purpose was Refi, with 2,996 originations. The 2nd most popular reason was Home Purchase, with 2,077 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 5,299 $2,991,135,000 $564,472 $5,551 3.24%
    15 Year 629 $332,155,000 $528,068 $4,094 2.83%
    Other 539 $210,435,000 $390,417 $3,724 4.79%
    20 Year 349 $101,065,000 $289,585 $3,532 3.15%
    10 Year 57 $329,745,000 $5,785,000 $2,922 3.19%
    30+ year 5 $1,595,000 $319,000 $16,360 3.40%
    5 Year 1 $18,115,000 $18,115,000 $0 3.85%

    For 2020, Homestreet Bank's most frequently cited loan duration was 30 Year, with 5,299 originations. The 2nd most popular length was 15 Year, with 629 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 3,077 $1,176,435,000 $382,332
    $2k-3k 1,002 $328,100,000 $327,445
    $5k+ 623 $324,145,000 $520,297
    $3k-4k 615 $223,965,000 $364,171
    $4k-5k 431 $173,035,000 $401,473
    $<1k 73 $20,565,000 $281,712

    Homestreet Bank's average total fees were $5,551, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 3,077 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 3,457 $2,611,645,000 $755,466
    2.5-3% 2,657 $1,122,615,000 $422,512
    4-5% 388 $149,470,000 $385,232
    <2.5% 168 $70,870,000 $421,845
    5-6% 130 $22,420,000 $172,462
    6-7% 60 $5,940,000 $99,000
    7-8% 18 $1,200,000 $66,667
    % 1 $85,000 $85,000

    During 2020, Homestreet Bank's average interest rate for loans was 3.24%, while their most frequently originated rate bucket for loans was 3-4%, with 3,457 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 3,203 $944,895,000 $295,003 $4,945 3.24%
    $400k-600k 1,511 $728,705,000 $482,267 $5,883 3.19%
    $100k-200k 937 $144,905,000 $154,648 $3,663 3.44%
    $600k-1MM 558 $402,350,000 $721,057 $7,048 3.25%
    $1MM+ 430 $1,747,620,000 $4,064,233 $9,341 3.44%
    $100,000 or less 240 $15,770,000 $65,708 $3,295 4.80%

    2020 saw Homestreet Bank place emphasis on $200k-400k loans with 3,203 originations, totaling $944,895,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 1,699 $612,955,000 $360,774 $5,296 3.34%
    $150k-250k 1,252 $553,080,000 $441,757 $5,509 3.36%
    $75k-100k 1,160 $353,740,000 $304,948 $5,125 3.32%
    $50k-75k 1,092 $278,500,000 $255,037 $5,132 3.26%
    $250k+ 653 $420,185,000 $643,469 $6,203 3.41%
    $50k or less 382 $66,420,000 $173,874 $4,383 3.25%

    Homestreet Bank lent most frequently to those with incomes in the $100k-150k range, with 1,699 originations. The second most popular income band? $150k-250k, with 1,252 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 1,559 $551,465,000 $353,730 $4,794 3.26%
    30-36% 1,260 $469,460,000 $372,587 $5,227 3.30%
    <20% 526 $185,390,000 $352,452 $4,223 3.24%
    44% 306 $111,600,000 $364,706 $5,750 3.44%
    41% 275 $106,385,000 $386,855 $5,586 3.35%
    42% 253 $99,705,000 $394,091 $5,320 3.41%
    40% 246 $96,860,000 $393,740 $5,689 3.38%
    43% 237 $88,025,000 $371,414 $5,867 3.42%
    38% 235 $83,715,000 $356,234 $5,122 3.37%
    37% 231 $90,295,000 $390,887 $5,842 3.41%
    36% 220 $83,010,000 $377,318 $5,206 3.38%
    39% 217 $79,855,000 $367,995 $5,538 3.40%
    45% 158 $56,790,000 $359,430 $5,644 3.35%
    47% 158 $53,100,000 $336,076 $6,186 3.38%
    49% 147 $51,435,000 $349,898 $6,247 3.37%
    46% 146 $51,800,000 $354,795 $6,097 3.38%
    48% 125 $45,015,000 $360,120 $6,207 3.40%
    50-60% 70 $27,400,000 $391,429 $10,590 3.25%
    >60% 2 $1,100,000 $550,000 $20,203 2.81%

    Homestreet Bank lent most frequently to those with DTI ratios of 20-30%, with 1,559 originations. The next most common DTI ratio? 30-36%, with 1,260 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 296 $1,520,310,000 $5,136,182 $0 3.53%
    White 4,274 $1,516,060,000 $354,717 $5,157 3.32%
    Not provided 1,625 $691,735,000 $425,683 $5,185 3.31%
    Asian 343 $138,165,000 $402,813 $5,766 3.20%
    Black 158 $53,370,000 $337,785 $6,541 3.25%
    Native Hawaiian or Islander 79 $25,295,000 $320,190 $9,760 3.27%
    American Indian 51 $14,535,000 $285,000 $5,291 3.33%
    Asian Indian 16 $11,830,000 $739,375 $6,232 3.14%
    Filipino 17 $4,975,000 $292,647 $4,874 3.47%
    Other Asian 7 $3,195,000 $456,429 $4,625 3.11%
    Japanese 2 $1,300,000 $650,000 $4,788 4.31%
    Other Pacific Islander 4 $1,160,000 $290,000 $7,789 3.78%
    Chinese 1 $735,000 $735,000 $6,000 2.75%
    Korean 3 $695,000 $231,667 $3,347 3.79%
    Vietnamese 1 $525,000 $525,000 $3,480 3.88%
    Native Hawaiian 1 $335,000 $335,000 $17,583 3.63%
    1 $25,000 $25,000 $0 5.14%

    Approval Rates

    Total approvals of all applications
    93.10%

    Homestreet Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    80.48%

    Homestreet Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 6,879 $3,984,245,000 $579,190

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Manufactured 16 $95,510,000 $5,969,375
    Multifamily:Site-Built 294 $1,487,770,000 $5,060,442
    Single Family (1-4 Units):Manufactured 178 $39,240,000 $220,449
    Single Family (1-4 Units):Site-Built 6,391 $2,361,725,000 $369,539

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 669 $198,355,000 $296,495 $3,740 3.51%
    40-60% 1,515 $838,395,000 $553,396 $4,001 3.17%
    60-80% 2,529 $2,121,625,000 $838,919 $5,160 3.30%
    80-100% 1,616 $704,310,000 $435,835 $6,875 3.23%
    Over 100% 32 $16,240,000 $507,500 $19,215 3.01%
    Under 20% 319 $36,255,000 $113,652 $3,513 4.69%

    Complaints

    Bank Name Product Issue 2020 CPFB Complaints % of Total Issues
    HOMESTEAD FUNDING CORPORATION Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 50.0%
    HOMESTEAD FUNDING CORPORATION Conventional home mortgage Closing on a mortgage 1 50.0%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Homestreet Bank 10 Almaden Blvd., Suite 560 San Jose, CA 95113 Full Service B&M $30,416
    Homestreet Bank 10802 Gravelly Lake Drive Southwest Lakewood, WA 98499 Full Service B&M $71,111
    Homestreet Bank 10820 Zelzah Avenue Granada Hills, CA 91344 Full Service B&M $104,382
    Homestreet Bank 1110 Rosecrans Street, Suite 101 San Diego, CA 92106 Full Service B&M $71,143
    Homestreet Bank 1118 N Vermont Ave. Los Angeles, CA 90029 Full Service B&M $52,320
    Homestreet Bank 120 Waianuenue Avenue Hilo, HI 96720 Full Service B&M $88,367
    Homestreet Bank 1238 State Avenue Marysville, WA 98270 Full Service B&M $83,859
    Homestreet Bank 12513 Lake City Way Ne Seattle, WA 98125 Full Service B&M $18,353
    Homestreet Bank 130 Andover Park East, Suite 100 Tukwila, WA 98188 Full Service B&M $57,289
    Homestreet Bank 1501 S Union Avenue Tacoma, WA 98405 Full Service B&M $91,687
    Homestreet Bank 15021 Main Street, Suite B Mill Creek, WA 98012 Full Service B&M $15,157
    Homestreet Bank 16230 Sw Pacific Highway Suite 140 Tigard, OR 97224 Full Service B&M $118,530
    Homestreet Bank 16389 Redmond Way Redmond, WA 98052 Full Service B&M $36,672
    Homestreet Bank 17901 Von Karman Avenue, Suite 100 Irvine, CA 92614 Full Service B&M $173,949
    Homestreet Bank 1820 Yakima Valley Highway, Suite B Sunnyside, WA 98944 Full Service B&M $30,438
    Homestreet Bank 1835 Queen Anne Avenue North Seattle, WA 98109 Full Service B&M $113,212
    Homestreet Bank 19405 44 Avenue West Lynnwood, WA 98036 Full Service B&M $66,430
    Homestreet Bank 2 South King Street Honolulu, HI 96813 Full Service B&M $319,554
    Homestreet Bank 2100 S.E. 164th Avenue, Suite F104 Vancouver, WA 98683 Full Service B&M $84,484
    Homestreet Bank 22 Northwest 23rd Avenue Portland, OR 97210 Full Service B&M $73,939
    Homestreet Bank 22001 66th Ave West Mountlake Terrace, WA 98043 Full Service B&M $92,072
    Homestreet Bank 252 S Lake Ave. Pasadena, CA 91101 Full Service B&M $135,668
    Homestreet Bank 26640 Western Ave. Ste. N Harbor City, CA 90710 Full Service B&M $42,866
    Homestreet Bank 2720 Hoyt Avenue, Suite B Everett, WA 98201 Full Service B&M $46,473
    Homestreet Bank 277 Rancheros Drive, Suite 300 San Marcos, CA 92069 Full Service B&M $99,900
    Homestreet Bank 3119 Baldwin Park Boulevard, Suite A Baldwin Park, CA 91706 Full Service B&M $17,988
    Homestreet Bank 333 North Glenoaks Boulevard Burbank, CA 91502 Full Service B&M $47,329
    Homestreet Bank 33525 Pacific Highway South Federal Way, WA 98003 Full Service B&M $83,433
    Homestreet Bank 3417 Evanston Ave N. Seattle, WA 98103 Full Service B&M $47,152
    Homestreet Bank 3660 Waialae Avenue, Suite 108 Honolulu, HI 96816 Full Service B&M $65,508
    Homestreet Bank 368 Broadway El Cajon, CA 92021 Full Service B&M $55,987
    Homestreet Bank 3844 La Sierra Avenue Suite A Riverside, CA 92505 Full Service B&M $27,723
    Homestreet Bank 3970 Sw Mercantile Drive, Suite 105 Lake Oswego, OR 97035 Full Service B&M $62,559
    Homestreet Bank 4022 Sw Alaska St Seattle, WA 98116 Full Service B&M $79,481
    Homestreet Bank 4036 E Madison Street Seattle, WA 98112 Full Service B&M $43,744
    Homestreet Bank 417 Ne 72nd Street Seattle, WA 98115 Full Service B&M $19,382
    Homestreet Bank 424 E. Yakima Avenue Yakima, WA 98901 Full Service B&M $90,159
    Homestreet Bank 427 East Main Street Dayton, WA 99328 Full Service B&M $41,899
    Homestreet Bank 4949 Borgen Boulevard, Suite B101 Gig Harbor, WA 98332 Full Service B&M $16,270
    Homestreet Bank 500 108th Avenue Ne, Suite 1e1 Bellevue, WA 98004 Full Service B&M $129,563
    Homestreet Bank 5001 - 25th Avenue Ne, Suite 100 Seattle, WA 98105 Full Service B&M $19,236
    Homestreet Bank 505 West Harrison Street Kent, WA 98032 Full Service B&M $77,168
    Homestreet Bank 5900 24th Avenue Nw Seattle, WA 98107 Full Service B&M $29,108
    Homestreet Bank 601 Union Street, Suite 2000 Seattle, WA 98101 Full Service B&M $1,474,885
    Homestreet Bank 650 S Grand Ave Suite 105 Glendora, CA 91740 Full Service B&M $67,181
    Homestreet Bank 6515 Mission Gorge Road Suite 6515 San Diego, CA 92120 Full Service B&M $24,511
    Homestreet Bank 6949 Coal Creek Parkway Southeast Newcastle, WA 98059 Full Service B&M $100,435
    Homestreet Bank 700 Broadway East, Unit D Seattle, WA 98102 Full Service B&M $36,895
    Homestreet Bank 7307 Greenwood Avenue Seattle, WA 98103 Full Service B&M $50,468
    Homestreet Bank 7510 W. Clearwater Avenue Kennewick, WA 99336 Full Service B&M $20,456
    Homestreet Bank 781 Lawrence Expressway Santa Clara, CA 95051 Full Service B&M $22,738
    Homestreet Bank 8050 15th Ave Nw Seattle, WA 98117 Full Service B&M $116,497
    Homestreet Bank 810 Sleater Kinney Rd Se, Ste B Lacey, WA 98503 Full Service B&M $67,461
    Homestreet Bank 818 W. Riverside Avenue, Suite 120 Spokane, WA 99201 Full Service B&M $13,096
    Homestreet Bank 8200 35th Ave Ne Seattle, WA 98115 Full Service B&M $207,476
    Homestreet Bank 8501 Van Nuys Boulevard Panorama City, CA 91402 Full Service B&M $97,210
    Homestreet Bank 8860 Apollo Way, Suite 328 Downey, CA 90242 Full Service B&M $64,793
    Homestreet Bank 909 Ne Ellis Drive Issaquah, WA 98029 Full Service B&M $62,047
    Homestreet Bank 921 Hildebrand Lane Suite 100 Bainbridge Island, WA 98110 Full Service B&M $46,618
    Homestreet Bank 9363 Clairemont Mesa Boulevard, Suite S San Diego, CA 92123 Full Service B&M $12,544
    Homestreet Bank 9714 Sierra Avenue, Suite 101 Fontana, CA 92335 Full Service B&M $50,194
    Homestreet Bank 98-1258 Kaahumanu Street, Suite 104 Pearl City, HI 96782 Full Service B&M $82,422

    For 2020, Homestreet Bank had 62 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $256,571
    Net interest income $219,063
    Total noninterest income $134,840
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $2,496
    Trading account gains and fees $0
    Additional Noninterest Income $132,344
    Pre-tax net operating income $104,507
    Securities gains (or losses, -) $341
    Income before extraordinary items $82,188
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $82,188
    Minority interest net income $0
    Net income $82,188
    Sale, conversion, retirement of capital stock, net $2,783
    Net operating income $81,918

    Homestreet Bank's gross interest income from loans was $256,571,000.
    Homestreet Bank's net interest income from loans was $219,063,000.
    Homestreet Bank's fee based income from loans was $2,496,000.
    Homestreet Bank's net income from loans was $82,188,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $37,508
    Provision for credit losses $19,946
    Total noninterest expense $229,450
    Salaries and employee benefits $133,003
    Premises and equipment expense $34,407
    Additional noninterest expense $62,040
    Applicable income taxes $22,660
    Net charge-offs $1,164
    Cash dividends $82,909

    Homestreet Bank's interest expense for loans was $37,508,000.
    Homestreet Bank's payroll and benefits expense were $133,003,000.
    Homestreet Bank's property, plant and equipment expenses $34,407,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 0.0%
    Real Estate loans 0.0%
    Construction & Land Development loans 0.0%
    Nonfarm, nonresidential loans 0.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 2.0%
    HELOC loans 0.0%
    All other family 2.0%
    Commercial & industrial loans 1.0%
    Personal loans 0.0%
    Credit card loans 0.0%
    Other individual loans 0.0%
    Auto loans 0.0%
    Other consumer loans 0.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $5,847,054
    Deposits held in domestic offices $5,847,054
    Deposits by Individuals, partnerships, and corporations $5,443,266
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $330,945
    Deposits by Commercial banks and other depository institutions in U.S. $72,843
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $315,998
    Demand deposits $218,979
    Nontransaction accounts $5,531,056
    Money market deposit accounts (MMDAs) $2,596,312
    Other savings deposits (excluding MMDAs) $1,794,962
    Total time deposits $1,139,782
    Total time and savings deposits $5,628,075
    Noninterest-bearing deposits $1,362,692
    Interest-bearing deposits $4,484,362
    Retail deposits $5,506,817
    IRAs and Keogh plan accounts $98,203
    Brokered deposits $210,046
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $7,189,782
    Cash & Balances due from depository institutions $51,939
    Interest-bearing balances $20,359
    Total securities $1,068,675
    Federal funds sold & reverse repurchase $0
    Net loans and leases $5,643,568
    Loan and leases loss allowance $64,294
    Trading account assets $0
    Bank premises and fixed assets $102,310
    Other real estate owned $2,269
    Goodwill and other intangibles $87,315
    All other assets $233,706

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $7,189,782
    Total Liabilities $6,409,251
    Total deposits $5,847,054
    Interest-bearing deposits $4,484,362
    Deposits held in domestic offices $5,847,054
    % insured (estimated) $81
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $488,209
    Subordinated debt $0
    All other liabilities $73,988

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $5,643,568
    Loan and leases loss allowance $64,294
    Total loans and leases (domestic) $5,707,862
    All real estate loans $5,052,610
    Real estate loans in domestic offices $5,052,610
    Construction and development loans $551,438
    Residential 1-4 family construction $335,224
    Other construction, all land development and other land $216,214
    Loans secured by nonfarm nonresidential properties $1,281,272
    Nonfarm nonresidential secured by owner-occupied properties $451,734
    Commercial real estate & other non-farm, non-residential $829,538
    Multifamily residential real estate $1,595,030
    1-4 family residential loans $1,609,349
    Farmland loans $15,521
    Loans held in foreign offices $0
    Farm loans $11,844
    Commercial and industrial loans $624,185
    To non-U.S. addressees $0
    Loans to individuals $9,178
    Credit card loans $0
    Related Plans $2,992
    Consumer Auto Loans $1,070
    Other loans to individuals $5,116
    All other loans & leases $10,045
    Loans to foreign governments and official institutions $0
    Other loans $10,045
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $0
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $52,109
    Non 1-4 family restructured loans & leases $33
    Total loans and leases (foreign) $0

    HomeStreet Bank had $5,643,568,000 of loans outstanding in 2020. $5,052,610,000 of loans were in real estate loans. $551,438,000 of loans were in development loans. $1,595,030,000 of loans were in multifamily mortgage loans. $1,609,349,000 of loans were in 1-4 family mortgage loans. $11,844,000 of loans were in farm loans. $0 of loans were in credit card loans. $1,070,000 of loans were in the auto loan category.

    Small Business Loans

    Categorization # of Loans in Category $ amount of loans (in 000's) Average $/loan
    Nonfarm, nonresidential loans - <$1MM 207 $74,338 $359,121
    Nonfarm, nonresidential loans - <$100k 7 $41 $5,857
    Nonfarm, nonresidential loans - $100-250k 27 $3,289 $121,815
    Nonfarm, nonresidential loans - $250k-1MM 173 $71,008 $410,451
    Commercial & Industrial, US addressed loans - <$1MM 1,661 $182,735 $110,015
    Commercial & Industrial, US addressed loans - <$100k 1,066 $34,416 $32,285
    Commercial & Industrial, US addressed loans - $100-250k 287 $38,098 $132,746
    Commercial & Industrial, US addressed loans - $250k-1MM 308 $110,221 $357,860
    Farmland loans - <$1MM 14 $2,369 $169,214
    Farmland loans - <$100k 3 $60 $20,000
    Farmland loans - $100-250k 4 $470 $117,500
    Farmland loans - $250k-1MM 7 $1,839 $262,714
    Agriculture operations loans - <$1MM 15 $2,263 $150,867
    Agriculture operations loans - <$100k 5 $116 $23,200
    Agriculture operations loans - $100-250k 4 $702 $175,500
    Agriculture operations loans - $250k-1MM 6 $1,445 $240,833