Bank Of Washington Mortgage Rates, Fees & Info
Washington, MOLEI: 54930044G6TGPFFTFM49
Tax ID: 43-0170340
Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Bank Of Washington is a smaller bank specializing in Home Purchase loans. Bank Of Washington has a high proportion of conventional loans. They have a low ratio of USDA loans. Their top markets by origination volume include: St. Louis, Nashville, Branson, and Hannibal among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)Bank Of Washington 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.
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Originations
132Origination Dollar Volume (All Markets)
$37,940,000Top 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 |
|---|---|---|---|---|---|
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 123 | $31,325,000 | $254,675 | $0 | 0.00% |
| Outside of Metro Areas | 6 | $4,610,000 | $768,333 | $0 | 0.00% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 1 | $1,635,000 | $1,635,000 | $0 | 0.00% |
| Branson, MO (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $0 | 0.00% |
| Hannibal, MO (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 0.00% |
Similar Lenders
We use machine learning to identify the top lenders compared against Bank of Washington 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 | 123 | $36,125,000 | $293,699 | $0 | 0.00% |
| USDA | 9 | $1,815,000 | $201,667 | $0 | 0.00% |
For 2024, Bank Of Washington's most frequently originated type of loan was Conventional, with 123 originations. Their 2nd most popular type was USDA, with 9 originations.
Loan Reason
For 2024, Bank Of Washington's most frequently cited loan purpose was Home Purchase, with 104 originations. The 2nd most popular reason was Refi, with 15 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 132 | $37,940,000 | $287,424 | $0 | 0.00% |
For 2024, Bank Of Washington's most frequently cited loan duration was Other, with 132 originations.
Loan Sizing
2024 saw Bank Of Washington place emphasis on $200k-400k loans with 50 originations, totaling $14,130,000 in origination value.
Applicant Income
Bank Of Washington lent most frequently to those with incomes in the $50k-75k range, with 27 originations. The second most popular income band? $100k-150k, with 26 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 132 | $37,940,000 | $287,424 | $0 | 0.00% |
Bank Of Washington lent most frequently to those with DTI ratios of Exempt%, with 132 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications98.19%
Bank Of Washington has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination76.52%
Bank Of Washington has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 132 | $37,940,000 | $287,424 |