Olympia Federal Savings & Loan Association Mortgage Rates, Fees & Info
Olympia, WALEI: 2549008GIE3QVYB2FT28
Tax ID: 91-0346300
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Mortgage Data
Review & Overview
Olympia Federal Savings & Loan Association is a smaller mortgage company specializing in Home Purchase and Refi loans. Olympia Federal Savings & Loan Association has a high proportion of conventional loans. Their top markets by origination volume include: Olympia, Shelton, Aberdeen, Seattle, and Centralia among others. We have data for 11 markets. (Some data included below & more in-depth data is available with an active subscription.)Olympia Federal Savings & Loan Association 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. Olympia Federal Savings & Loan Association is typically a low 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 5.49% | 12/4/23 |
| 30 Year Conventional Refi | 5.95% | 12/4/23 |
| 15 Year Conventional Purchase | 6.29% | 12/4/23 |
| 15 Year Conventional Refi | 5.87% | 12/4/23 |
| 15 Year Cash-out Refi | 5.87% | 12/4/23 |
| 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. | ||
Olympia Federal Savings & Loan Association Mortgage Calculator
Your Estimates
Estimated Loan Payment: Update the calculator values and click calculate payment!
This is not an official calculator from Olympia Federal Savings & Loan Association. 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
385Origination Dollar Volume (All Markets)
$166,715,000Awards
Olympia Federal Savings & Loan Association - 2022
Olympia Federal Savings & Loan Association is a 2022 , due to their low .
For 2022, less than of lenders were eligible for this award.
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Relative Rate
Olympia Federal Savings & Loan Association's average 30 year fixed mortgage rate was
4.12%.
The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.
This yields a difference of -0.64%.
Relative Fees (Closing Costs)
Olympia Federal Savings & Loan Association's average total fees/closing costs for a 30 year fixed rate
mortgage were $4,277.
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 $4,750.
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 |
|---|---|---|---|---|---|
| OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) | 221 | $98,135,000 | $444,050 | $4,659 | 4.29% |
| Shelton, WA (FHA|USDA|VA) | 62 | $23,120,000 | $372,903 | $5,880 | 4.40% |
| Aberdeen, WA (FHA|USDA|VA) | 41 | $18,235,000 | $444,756 | $6,332 | 4.67% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 22 | $11,200,000 | $509,091 | $7,104 | 4.43% |
| Centralia, WA (FHA|USDA|VA) | 23 | $9,075,000 | $394,565 | $5,222 | 4.93% |
| BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) | 6 | $2,870,000 | $478,333 | $7,333 | 4.31% |
| Outside of Metro Areas | 4 | $1,430,000 | $357,500 | $7,423 | 4.53% |
| LONGVIEW, WA (FHA|USDA|VA) | 2 | $1,370,000 | $685,000 | $0 | 4.00% |
| Port Angeles, WA (FHA|USDA|VA) | 2 | $890,000 | $445,000 | $10,020 | 3.50% |
| BELLINGHAM, WA (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $5,638 | 3.25% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $4,942 | 5.00% |
Similar Lenders
We use machine learning to identify the top lenders compared against Olympia Federal Savings & Loan Association 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 |
|---|---|---|---|---|---|
| Conventional | 385 | $166,715,000 | $433,026 | $5,379 | 4.39% |
For 2022, Olympia Federal Savings & Loan Association's most frequently originated type of loan was Conventional, with 385 originations.
Loan Reason
For 2022, Olympia Federal Savings & Loan Association's most frequently cited loan purpose was Home Purchase, with 221 originations. The 2nd most popular reason was Refi, with 114 originations.
Loan Duration/Length
For 2022, Olympia Federal Savings & Loan Association's most frequently cited loan duration was 30 Year, with 186 originations. The 2nd most popular length was 30+ year, with 111 originations.
Origination Fees/Closing Costs
Olympia Federal Savings & Loan Association's average total fees were $4,277, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 152 originations.
Interest Rates
During 2022, Olympia Federal Savings & Loan Association's average interest rate for loans was 4.12%, while their most frequently originated rate bucket for loans was 3-4%, with 126 originations.
Loan Sizing
2022 saw Olympia Federal Savings & Loan Association place emphasis on $200k-400k loans with 137 originations, totaling $41,085,000 in origination value.
Applicant Income
Olympia Federal Savings & Loan Association lent most frequently to those with incomes in the $150k-250k range, with 107 originations. The second most popular income band? $100k-150k, with 84 originations.
Applicant Debt to Income Ratio
Olympia Federal Savings & Loan Association lent most frequently to those with DTI ratios of 30-36%, with 107 originations. The next most common DTI ratio? 20-30%, with 76 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications92.30%
Olympia Federal Savings & Loan Association has an average approval rate.
Pick Rate
Approvals leading to origination62.86%
Olympia Federal Savings & Loan Association has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| 0.0 | 1 | $135,000 | $135,000 |
| 1080.0 | 1 | $105,000 | $105,000 |
| 15.0 | 1 | $105,000 | $105,000 |
| NA | 382 | $166,370,000 | $435,524 |