Baker Boyer National Bank Mortgage Rates, Fees & Info

Walla Walla, WA

LEI: 2549009AOX259OY87H37

Tax ID: 91-0135040

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

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • 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)

    • Review & Overview

    Baker Boyer National Bank is a smaller bank specializing in Refi and Home Purchase loans. Baker Boyer National Bank has a high proportion of conventional loans. Their top markets by origination volume include: Walla Walla, Yakima, Kennewick, Hermiston, and Spokane among others. We have data for 6 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Baker Boyer National 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. Baker Boyer National Bank 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.

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

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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.58% 4/28/24
    30 Year Conventional Refi 6.84% 4/28/24
    15 Year Conventional Purchase 5.60% 4/28/24
    15 Year Conventional Refi 6.27% 4/28/24
    15 Year Cash-out Refi 6.27% 4/28/24
    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.

    Baker Boyer National Bank Mortgage Calculator






    Your Estimates

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

    This is not an official calculator from Baker Boyer National 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

    85

    Origination Dollar Volume (All Markets)

    $23,265,000

    Awards

    Baker Boyer National Bank 30 Year Conventional Loans gold
    Show all (1) 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
    WALLA WALLA, WA (FHA|USDA|VA) 54 $14,090,000 $260,926 $3,813 4.64%
    YAKIMA, WA (FHA|USDA|VA) 9 $3,345,000 $371,667 $4,350 4.02%
    KENNEWICK-RICHLAND, WA (FHA|USDA|VA) 8 $2,580,000 $322,500 $4,650 5.09%
    Hermiston-Pendleton, OR (FHA|USDA|VA) 11 $2,125,000 $193,182 $3,621 4.60%
    Outside of Metro Areas 2 $820,000 $410,000 $3,433 6.10%
    SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) 1 $305,000 $305,000 $2,519 5.50%
    Baker Boyer National Bank's top markets include Walla Walla, Yakima, Kennewick, Hermiston, and Spokane among others.

    Their top states include:
  • Washington (FHA|USDA|VA)
  • Oregon (FHA|USDA|VA)

    • Similar Lenders

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

    Baker Boyer National Bank
    Similarity Rank: 48
    GESA
    Similarity Rank: 192
    Banner Bank
    Similarity Rank: 948
    Umpqua Bank
    Similarity Rank: 952
    PRIMARY RESIDENTIAL MORTGAGE, INC.
    Similarity Rank: 2312
    EVERGREEN MONEYSOURCE MORTGAGE COMPANY
    Similarity Rank: 2880
    FREEDOM MORTGAGE CORPORATION
    Similarity Rank: 3620
    PREMIER MORTGAGE RESOURCES, L.L.C.
    Similarity Rank: 4669
    CMG MORTGAGE, INC.
    Similarity Rank: 5232
    JPMorgan Chase Bank
    Similarity Rank: 9669

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 85 $23,265,000 $273,706 $3,886 4.66%

    For 2022, Baker Boyer National Bank's most frequently originated type of loan was Conventional, with 85 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 42 $10,210,000 $243,095 $2,840 4.60%
    Home Purchase 34 $12,270,000 $360,882 $5,608 4.67%
    Home Improvement 9 $785,000 $87,222 $1,377 4.86%

    For 2022, Baker Boyer National Bank's most frequently cited loan purpose was Refi, with 42 originations. The 2nd most popular reason was Home Purchase, with 34 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 63 $18,255,000 $289,762 $4,331 4.65%
    15 Year 8 $2,610,000 $326,250 $2,664 4.12%
    20 Year 7 $1,095,000 $156,429 $2,669 4.57%
    10 Year 3 $795,000 $265,000 $1,632 4.98%
    Other 3 $395,000 $131,667 $1,232 5.49%
    1 Year 1 $115,000 $115,000 $0 6.50%

    For 2022, Baker Boyer National Bank's most frequently cited loan duration was 30 Year, with 63 originations. The 2nd most popular length was 15 Year, with 8 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 43 $10,875,000 $252,907
    $2k-3k 7 $1,155,000 $165,000
    $5k+ 7 $3,695,000 $527,857
    $4k-5k 6 $2,220,000 $370,000
    $3k-4k 5 $1,135,000 $227,000
    $1k-2k 3 $195,000 $65,000

    Baker Boyer National Bank's average total fees were $4,331, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 43 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 27 $7,995,000 $296,111
    4-5% 24 $5,100,000 $212,500
    5-6% 19 $5,535,000 $291,316
    6-7% 8 $1,770,000 $221,250
    2.5-3% 5 $2,245,000 $449,000
    7-8% 2 $620,000 $310,000

    During 2022, Baker Boyer National Bank's average interest rate for loans was 4.65%, while their most frequently originated rate bucket for loans was 3-4%, with 27 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 32 $9,240,000 $288,750 $3,870 4.55%
    $100k-200k 21 $3,265,000 $155,476 $2,983 4.66%
    $100,000 or less 14 $830,000 $59,286 $1,466 4.87%
    $400k-600k 13 $6,145,000 $472,692 $7,573 5.03%
    $600k-1MM 5 $3,785,000 $757,000 $6,481 3.76%

    2022 saw Baker Boyer National Bank place emphasis on $200k-400k loans with 32 originations, totaling $9,240,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 25 $6,435,000 $257,400 $4,444 4.76%
    $150k-250k 18 $6,200,000 $344,444 $3,323 4.70%
    $50k-75k 11 $2,045,000 $185,909 $3,771 4.74%
    $250k+ 8 $3,650,000 $456,250 $10,225 4.63%
    $75k-100k 8 $1,780,000 $222,500 $2,023 4.30%
    $50k or less 5 $415,000 $83,000 $1,937 4.57%

    Baker Boyer National Bank lent most frequently to those with incomes in the $100k-150k range, with 25 originations. The second most popular income band? $150k-250k, with 18 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 21 $5,275,000 $251,190 $3,479 4.60%
    20-30% 20 $4,270,000 $213,500 $3,593 4.35%
    <20% 8 $1,650,000 $206,250 $3,271 4.73%
    39% 6 $1,950,000 $325,000 $5,997 4.63%
    37% 5 $1,515,000 $303,000 $4,359 4.66%
    41% 3 $675,000 $225,000 $4,019 4.40%
    40% 3 $825,000 $275,000 $4,829 4.74%
    42% 3 $685,000 $228,333 $6,728 5.31%
    43% 3 $1,265,000 $421,667 $2,527 3.97%
    36% 2 $900,000 $450,000 $5,497 4.72%
    38% 2 $510,000 $255,000 $2,456 4.19%
    44% 1 $805,000 $805,000 $3,610 3.00%

    Baker Boyer National Bank lent most frequently to those with DTI ratios of 30-36%, with 21 originations. The next most common DTI ratio? 20-30%, with 20 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 59 $15,945,000 $270,254 $3,613 4.61%
    Not provided 22 $5,750,000 $261,364 $4,412 4.83%
    Asian 2 $800,000 $400,000 $7,712 3.63%
    Not applicable 1 $715,000 $715,000 $0 5.66%
    Samoan 1 $55,000 $55,000 $392 4.66%

    Approval Rates

    Total approvals of all applications
    89.71%

    Baker Boyer National Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    69.41%

    Baker Boyer National Bank 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
    NA 85 $23,265,000 $273,706

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    85 $23,265,000 $273,706

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 17 $2,915,000 $171,471 $3,173 4.98%
    40-60% 14 $3,640,000 $260,000 $2,625 4.40%
    60-80% 28 $11,280,000 $402,857 $5,991 4.76%
    80-100% 12 $4,270,000 $355,833 $4,995 4.25%
    Under 20% 14 $1,160,000 $82,857 $1,770 4.66%