Timberland Bank Mortgage Rates, Fees & Info

Hoquiam, WA

LEI: 254900MKY47WU65N1J56

Tax ID: 91-0260220

4.8 stars - Updated: 4/5/25 - out of 5 stars, based on 15 reviews

Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Jump to:

Mortgage Data

Review & Overview

Timberland Bank is a smaller bank specializing in Home Purchase loans. Timberland Bank has a high proportion of conventional loans. Their top markets by origination volume include: Seattle, Olympia, Centralia, Aberdeen, and Bremerton among others. We have data for 17 markets. (Some data included below & more in-depth data is available with an active subscription.)

Timberland 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. Timberland 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 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
30 Year Conventional Purchase 7.03% 4/5/25
30 Year Conventional Refi 6.74% 4/5/25
30 Year Cash-out Refi 7.11% 4/5/25
15 Year Conventional Purchase 6.00% 4/5/25
15 Year Conventional Refi 7.55% 4/5/25
15 Year Cash-out Refi 7.55% 4/5/25
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.

Timberland Bank Mortgage Calculator






Your Estimates

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

This is not an official calculator from Timberland 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

233

Origination Dollar Volume (All Markets)

$124,985,000

Awards

Timberland Bank 30 Year Conventional Loans gold
Show all (1) awards

Relative Rate

Timberland Bank's average 30 year fixed mortgage rate was 7.11%.

The 2024 average 30 year fixed rate mortgage across all markets and lenders was 6.55%.

This yields a difference of 0.56%.

Relative Fees (Closing Costs)

Timberland Bank's average total fees/closing costs for a 30 year fixed rate mortgage were $6,822.

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 $8,356.

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) 82 $54,640,000 $666,341 $12,249 7.94%
OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) 27 $19,245,000 $712,778 $9,558 7.77%
Centralia, WA (FHA|USDA|VA) 20 $13,540,000 $677,000 $6,269 7.47%
Aberdeen, WA (FHA|USDA|VA) 45 $11,325,000 $251,667 $5,373 7.61%
BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) 15 $8,715,000 $581,000 $12,820 8.04%
Shelton, WA (FHA|USDA|VA) 13 $4,745,000 $365,000 $9,245 8.03%
LONGVIEW, WA (FHA|USDA|VA) 7 $2,485,000 $355,000 $8,745 7.89%
Ellensburg, WA (FHA|USDA|VA) 4 $2,320,000 $580,000 $12,442 8.13%
Moses Lake, WA (FHA|USDA|VA) 2 $1,710,000 $855,000 $14,013 6.81%
SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) 3 $1,495,000 $498,333 $15,024 7.88%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 3 $1,125,000 $375,000 $7,715 7.21%
Port Angeles, WA (FHA|USDA|VA) 4 $1,120,000 $280,000 $7,143 8.06%
Outside of Metro Areas 3 $875,000 $291,667 $8,142 8.08%
BELLINGHAM, WA (FHA|USDA|VA) 2 $710,000 $355,000 $10,525 8.25%
Oak Harbor, WA (FHA|USDA|VA) 1 $405,000 $405,000 $12,297 8.25%
BEND, OR (FHA|USDA|VA) 1 $375,000 $375,000 $12,081 8.25%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 1 $155,000 $155,000 $3,525 7.00%
Timberland Bank's top markets include Seattle, Olympia, Centralia, Aberdeen, and Bremerton among others.

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

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

    KITSAP Credit Union
    Similarity Rank: 380
    SOUND
    Similarity Rank: 774
    O BEE
    Similarity Rank: 833
    TWINSTAR
    Similarity Rank: 884
    HARBORSTONE
    Similarity Rank: 944
    America's Credit Union
    Similarity Rank: 979
    HOMEAMERICAN MORTGAGE CORPORATION
    Similarity Rank: 1200
    Shea Mortgage Inc.
    Similarity Rank: 1606
    Peoples Bank
    Similarity Rank: 2044

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 233 $124,985,000 $536,416 $9,558 7.82%

    For 2024, Timberland Bank's most frequently originated type of loan was Conventional, with 233 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 158 $108,780,000 $688,481 $12,491 7.95%
    Home Improvement 24 $3,010,000 $125,417 $2,837 7.80%
    Refi 24 $7,170,000 $298,750 $3,129 7.10%
    Other 14 $2,050,000 $146,429 $2,661 8.00%
    Cash Out Refi 13 $3,975,000 $305,769 $7,665 7.34%

    For 2024, Timberland Bank's most frequently cited loan purpose was Home Purchase, with 158 originations. The 2nd most popular reason was Home Improvement, with 24 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30+ year 117 $66,395,000 $567,479 $13,606 8.15%
    15 Year 42 $5,830,000 $138,810 $2,541 7.87%
    30 Year 40 $15,000,000 $375,000 $6,822 7.11%
    10 Year 22 $36,010,000 $1,636,818 $1,567 7.11%
    20 Year 7 $1,105,000 $157,857 $3,675 7.79%
    Other 5 $645,000 $129,000 $4,633 8.20%

    For 2024, Timberland Bank's most frequently cited loan duration was 30+ year, with 117 originations. The 2nd most popular length was 15 Year, with 42 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $5k+ 112 $69,030,000 $616,339
    $1k-2k 32 $4,780,000 $149,375
    $<1k 28 $3,540,000 $126,429
    $4k-5k 13 $3,435,000 $264,231
    $2k-3k 9 $1,635,000 $181,667
    $3k-4k 9 $2,725,000 $302,778

    Timberland Bank's average total fees were $6,822, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 112 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    7-8% 121 $43,235,000 $357,314
    Over 8% 75 $41,255,000 $550,067
    6-7% 30 $26,410,000 $880,333
    5-6% 6 $13,860,000 $2,310,000

    During 2024, Timberland Bank's average interest rate for loans was 7.11%, while their most frequently originated rate bucket for loans was 7-8%, with 121 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 65 $19,675,000 $302,692 $7,374 7.75%
    $400k-600k 48 $23,580,000 $491,250 $11,316 7.83%
    $600k-1MM 42 $32,010,000 $762,143 $17,193 7.92%
    $100k-200k 34 $4,920,000 $144,706 $4,009 7.79%
    $100,000 or less 29 $1,685,000 $58,103 $1,768 7.89%
    $1MM+ 15 $43,115,000 $2,874,333 $24,482 7.66%

    2024 saw Timberland Bank place emphasis on $200k-400k loans with 65 originations, totaling $19,675,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 57 $26,885,000 $471,667 $11,273 8.00%
    $250k+ 55 $39,315,000 $714,818 $15,141 7.86%
    $100k-150k 53 $14,295,000 $269,717 $7,220 7.96%
    $50k-75k 27 $4,185,000 $155,000 $3,924 7.63%
    $75k-100k 21 $5,475,000 $260,714 $6,473 7.75%
    $50k or less 4 $290,000 $72,500 $1,949 7.69%

    Timberland Bank lent most frequently to those with incomes in the $150k-250k range, with 57 originations. The second most popular income band? $250k+, with 55 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    44% 39 $18,495,000 $474,231 $10,831 8.08%
    20-30% 37 $11,745,000 $317,432 $7,194 7.57%
    30-36% 30 $14,410,000 $480,333 $10,889 7.78%
    42% 21 $9,275,000 $441,667 $10,968 7.96%
    <20% 15 $4,135,000 $275,667 $5,183 7.69%
    41% 13 $4,715,000 $362,692 $8,563 8.13%
    43% 13 $7,625,000 $586,538 $13,405 8.12%
    38% 11 $4,045,000 $367,727 $7,128 8.11%
    39% 10 $3,950,000 $395,000 $9,007 7.76%
    40% 9 $4,915,000 $546,111 $14,840 8.42%
    36% 6 $1,940,000 $323,333 $6,922 7.94%
    37% 5 $2,165,000 $433,000 $10,606 7.80%
    45% 2 $540,000 $270,000 $7,581 7.38%
    49% 1 $485,000 $485,000 $11,876 7.00%
    50-60% 1 $385,000 $385,000 $2,909 6.88%

    Timberland Bank lent most frequently to those with DTI ratios of 44%, with 39 originations. The next most common DTI ratio? 20-30%, with 37 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 187 $79,755,000 $426,497 $9,698 7.86%
    Not applicable 13 $33,175,000 $2,551,923 $0 6.89%
    Not provided 23 $9,235,000 $401,522 $9,875 7.83%
    American Indian 5 $1,025,000 $205,000 $5,014 7.68%
    Black 1 $625,000 $625,000 $0 8.50%
    Asian 2 $570,000 $285,000 $9,426 9.00%
    Filipino 1 $535,000 $535,000 $0 8.75%
    Asian Indian 1 $65,000 $65,000 $1,499 8.00%

    Approval Rates

    Total approvals of all applications
    88.52%

    Timberland Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    67.38%

    Timberland 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
    1399.0 1 $125,000 $125,000
    2534.0 1 $205,000 $205,000
    NA 231 $124,655,000 $539,632

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    233 $124,985,000 $536,416

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 38 $10,360,000 $272,632 $5,627 7.72%
    40-60% 66 $39,870,000 $604,091 $10,692 7.93%
    60-80% 72 $58,730,000 $815,694 $14,494 7.88%
    80-100% 16 $11,270,000 $704,375 $13,653 7.37%
    Under 20% 41 $4,755,000 $115,976 $2,595 7.79%