Savibank Mortgage Rates, Fees & Info
Burlington, WALEI: 254900XK1QLA60R87H84
Tax ID: 20-2414781
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Savibank is a smaller bank specializing in Home Purchase, Cash Out Refi, and Refi loans. Savibank has a high proportion of conventional loans. Their top markets by origination volume include: Mount Vernon, Kennewick, Olympia, Seattle, and Bellingham among others. We have data for 10 markets. (Some data included below & more in-depth data is available with an active subscription.)Savibank 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.
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Originations
56Origination Dollar Volume (All Markets)
$28,080,000Top 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 |
|---|---|---|---|---|---|
| MOUNT VERNON-ANACORTES, WA (FHA|USDA|VA) | 21 | $6,305,000 | $300,238 | $0 | 0.00% |
| KENNEWICK-RICHLAND, WA (FHA|USDA|VA) | 1 | $4,345,000 | $4,345,000 | $0 | 0.00% |
| OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) | 1 | $3,705,000 | $3,705,000 | $0 | 0.00% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 4 | $3,680,000 | $920,000 | $0 | 0.00% |
| BELLINGHAM, WA (FHA|USDA|VA) | 17 | $3,535,000 | $207,941 | $0 | 0.00% |
| Oak Harbor, WA (FHA|USDA|VA) | 8 | $3,330,000 | $416,250 | $0 | 0.00% |
| YAKIMA, WA (FHA|USDA|VA) | 1 | $975,000 | $975,000 | $0 | 0.00% |
| CORVALLIS, OR (FHA|USDA|VA) | 1 | $925,000 | $925,000 | $0 | 0.00% |
| Aberdeen, WA (FHA|USDA|VA) | 1 | $905,000 | $905,000 | $0 | 0.00% |
| Outside of Metro Areas | 1 | $375,000 | $375,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 56 | $28,080,000 | $501,429 | $0 | 0.00% |
For 2018, Savibank's most frequently originated type of loan was Conventional, with 56 originations.
Loan Reason
For 2018, Savibank's most frequently cited loan purpose was Home Purchase, with 31 originations. The 2nd most popular reason was Cash Out Refi, with 12 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 56 | $28,080,000 | $501,429 | $0 | 0.00% |
For 2018, Savibank's most frequently cited loan duration was Other, with 56 originations.
Loan Sizing
2018 saw Savibank place emphasis on $100,000 or less loans with 14 originations, totaling $890,000 in origination value.
Applicant Income
Savibank lent most frequently to those with incomes in the $150k-250k range, with 14 originations. The second most popular income band? $100k-150k, with 7 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 56 | $28,080,000 | $501,429 | $0 | 0.00% |
Savibank lent most frequently to those with DTI ratios of Exempt%, with 56 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications83.75%
Savibank has a below average approval rate.
Pick Rate
Approvals leading to origination83.93%
Savibank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 56 | $28,080,000 | $501,429 |